Nonprofit · EIN 85-1198854
ECONOMIC OPPORTUNITY CENTER INC
Tax-exempt · N CHARLESTON, SC 29406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $439,499 | $246,755 | $192,744 | $198,304 | $642,200 | -$443,896 |
| December 31, 2024 | 990 | $416,183 | $232,066 | $184,117 | $131,258 | $448,910 | -$317,652 |
| December 31, 2023 | 990 | $328,190 | $269,646 | $58,544 | $52,589 | $255,376 | -$202,787 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $402,411
- Investment income
- $0
- Other revenue
- $37,088
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $42,889
- Depreciation
- $625
- Program services (functional)
- $209,742
- Management and general (functional)
- $37,013
Balance sheet and other
- Total assets, start of year
- $131,258
- Total assets, end of year
- $198,304
- Total liabilities, end of year
- $642,200
- Net assets, end of year
- -$443,896
- Land, buildings and equipment
- $49,375
- Net assets without donor restrictions
- -$443,896
- Gross receipts
- $439,499
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- SC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHEA BERNIQUE | VICE CHAIR Trustee or director | 1 | $0 |
| BERNIE MAZYCK | INTERIM CHAI Trustee or director | 1 | $0 |
| SEDRICK MCCALLUM | BOARD MEMBER Trustee or director | 1 | $0 |
| DON OGLESBY | TREASURER Trustee or director | 1 | $0 |
| MARGIE PIZARRO | BOARD MEMBER Trustee or director | 1 | $0 |
| CHERYL REID | INTERIM SECR Trustee or director | 1 | $0 |
| AMBER ROOS | BOARD MEMBER Trustee or director | 1 | $0 |
| CEDRIC WELCH-MUHAMMAD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHEA BERNIQUE | VICE CHAIR Trustee or director | 1 | $0 |
| BERNIE MAZYCK | INTERIM CHAI Trustee or director | 1 | $0 |
| SEDRICK MCCALLUM | BOARD MEMBER Trustee or director | 1 | $0 |
| DON OGLESBY | TREASURER Trustee or director | 1 | $0 |
| MARGIE PIZARRO | BOARD MEMBER Trustee or director | 1 | $0 |
| CHERYL REID | INTERIM SECR Trustee or director | 1 | $0 |
| AMBER ROOS | BOARD MEMBER Trustee or director | 1 | $0 |
| CEDRIC WELCH-MUHAMMAD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHEA BERNIQUE | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| BERNIE MAZYCK | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| CEDRIC MUHAMMAD | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| JENNIE STEPHENS | TRUSTEE/DIRE Trustee or director | 1 | $0 |
| DON OGLESBY | PRESIDENT AN Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8570 RIVERS AVE, N CHARLESTON, SC 29406-9207
- In care of
- % DON OGLESBY
- Principal officer (990 for 2025)
- DON OGLESBY, 3 DUNEAN ST, GREENVILLE, SC 29611
- Signed the 990
- DON OGLESBY, TREASURER
- Phone
- (864) 546-4635
- Return prepared by
- PHILLIPS CPAS & ADVISORS
Mission
THE OPPORTUNITY CENTER SEEKS TO MITIGATE THE SKILLS GAP THAT EXISTS BETWEEN THE WORKFORCE AND EMPLOYERS, AS WELL AS PREPARE THE WORKFORCE AND GROWING ENTREPRENEURS TO PARTICIPATE IN THE LOCAL ECONOMIC SYSTEMS, WHILE CREATING NEW SYSTEMS THAT PROMOTE SOCIAL ENTERPRISE.
Program accomplishments
- THE OPPORTUNITY CENTER OPERATES AS A CAREER AND PERSONAL FINANCE SERVICE CENTER; PROVIDING EMPLOYMENT AND CAREER COUNSELING, ONE ON ONE FINANCIAL COACHING AND EDUCATION, AND LOW-COST FINANCIAL PRODUCTS THAT BUILD CREDIT, SAVINGS AND ASSETS. INTEGRATED OR "BUNDLED" SERVICES LEAD TO CONCRETE GAINS IN NET INCOME AND JOB RETENTION. ADDITIONALLY, LONG TERM JOB RETENTION - HOLDING A JOB FOR A YEAR OR MORE - ALMOST DOUBLES WHEN FINANCIAL COACHING REINFORCES THE WORK OF EMPLOYMENT COUNSELING.Expenses $209,211 · revenue $402,411
- THE PURPOSE OF THE BUSINESS INCUBATOR IS TO STIMULATE THE ESTABLISHMENT AND GROWTH OF SMALL BUSINESSES, WITH A FOCUS ON PROTECTING GROUPS SUCH AS MINORITY OR WOMEN OWNED BUSINESSES AND BUSINESS THAT TARGET LOW INCOME COMMUNITIES, AND TO INCREASE THE NUMBER OF SUCCESSFUL COMPANIES ORIGINATING AND DEVELOPING IN THE AREA. THE BUSINESS INCUBATOR IS AN IMPORTANT TOOL IN THE ECONOMIC DEVELOPMENT TOOLKIT OF THE AREA THAT WOULD BE A MEANS TO CREATE NEW JOB OPPORTUNITIES FOR AREA RESIDENTS, CREATE HIGHER WAGE JOBS, CONTRIBUTE TO THE GROWTH AND SUCCESS OF EMERGING SMALL BUSINESSES, AND AS A SOURCE TO GENERATE NEW TAX REVENUE FOR NORTH CHARLESTON.Expenses $531
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1198854
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $198,304
- Income (IRS master file)
- $439,499
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $439,499 | $246,755 | $198,304 | XML |
| 990 | December 2024 | $416,183 | $232,066 | $131,258 | IRS |
| 990 | December 2023 | $328,190 | $269,646 | $52,589 | XML |
| 990 | December 2022 | $252,679 | $200,655 | $102,156 | IRS |
| 990 | December 2021 | – | – | – | 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 85-1198854).
Questions about ECONOMIC OPPORTUNITY CENTER INC
- What is the EIN of ECONOMIC OPPORTUNITY CENTER INC?
- The employer identification number (EIN) of ECONOMIC OPPORTUNITY CENTER INC is 85-1198854.
- Is ECONOMIC OPPORTUNITY CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ECONOMIC OPPORTUNITY CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ECONOMIC OPPORTUNITY 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 ECONOMIC OPPORTUNITY CENTER INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC OPPORTUNITY CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ECONOMIC OPPORTUNITY CENTER INC?
- The 990 for the year ended December 31, 2025 names DON OGLESBY.
- Who are the officers and directors of ECONOMIC OPPORTUNITY CENTER INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC OPPORTUNITY CENTER INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $439,499, expenses of $246,755 and total assets of $198,304 at year end.
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