Nonprofit · EIN 23-6424784
MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC
Tax-exempt · NORRISTOWN, PA 19401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $689,265 | $761,372 | -$72,107 | $841,446 | $229,238 | $612,208 |
| June 30, 2023 | 990 | $858,094 | $1,247,868 | -$389,774 | $916,480 | $171,189 | $745,291 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $7,824
- Program service revenue
- $586,622
- Investment income
- $5
- Other revenue
- $94,814
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $64,344
- Other salaries and wages
- $444,876
- Salaries, compensation and benefits (total)
- $554,165
- Professional fundraising fees
- $0
- Legal fees
- $91
- Accounting fees
- $1,850
- Travel
- $13,660
- Depreciation
- $45,617
- Program services (functional)
- $442,650
- Management and general (functional)
- $318,722
Balance sheet and other
- Total assets, start of year
- $913,642
- Total assets, end of year
- $841,446
- Total liabilities, end of year
- $229,238
- Net assets, end of year
- $612,208
- Land, buildings and equipment
- $820,347
- Gross receipts
- $689,265
- Employees
- 36
- Year formed
- 1966
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Iva Johnson Ferrell Esq | Director Trustee or director | 5 | $64,344 |
| Marcella Blakney Collins | Vice President Trustee or director, Officer | 5 | $0 |
| Benjamin F Gilbert | Chairman Trustee or director, Officer | 5 | $0 |
| Andrew Magnus | Secretary Trustee or director, Officer | 5 | $0 |
| Jerome Dean | Treasurer Trustee or director, Officer | 5 | $0 |
| Darnell Turner | Director Trustee or director | 5 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcella Blakney Collins | Vice President Trustee or director, Officer | 5 | $10,395 |
| Iva Johnson Ferrell Esq | Director Trustee or director | 5 | $0 |
| Benjamin F Gilbert | Chairman Trustee or director, Officer | 5 | $0 |
| Andrew Magnus | Secretary Trustee or director, Officer | 5 | $0 |
| Jerome Dean | Treasurer Trustee or director, Officer | 5 | $0 |
| Darnell Turner | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 ARCH ST, NORRISTOWN, PA 19401-4056
- Principal officer (990 for 2023)
- Benjamin F Gilbert II
- Signed the 990
- Benjamin F Gilbert, Chairman
- Phone
- (610) 279-9700
- Website
- www.montcooic.org
- Return prepared by
- Benjamin R Hord
Mission
To train and place on jobs disadvantaged, unemployed and undeemployed persons in montgomery county, PA as well as providing child education programs and care
Program accomplishments
- Education and training of disadvantaged, unemployed, and underemployed persons, youth programs, and developmentExpenses $442,650
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-6424784
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J30Z)
- Assets (IRS master file)
- $841,446
- Income (IRS master file)
- $689,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $689,265 | $761,372 | $841,446 | IRS |
| 990 | June 2023 | $858,094 | $1,247,868 | $916,480 | XML |
| 990 | June 2022 | $1,067,379 | $888,782 | $1,306,645 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-6424784).
Questions about MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC
- What is the EIN of MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC?
- The employer identification number (EIN) of MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC is 23-6424784.
- Is MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC?
- The 990 for the year ended June 30, 2024 names Benjamin F Gilbert II.
- Who are the officers and directors of MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC?
- The 990 for the year ended June 30, 2024 lists 6 people; 1 received compensation from the organization, the highest $64,344 (Iva Johnson Ferrell Esq, Director).
- How much revenue does MONTGOMERY COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $689,265, expenses of $761,372 and total assets of $841,446 at year end.
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