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Nonprofit · EIN 91-2036279

PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER

Also known as PUGET SOUND OIC

Tax-exempt · RENTON, WA 98057

Financials

$716K$584K2022$929K$799K2023$1.1M$942K2024
Revenue Expenses · by fiscal year end
Financials of PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,104,246$942,407$161,839$685,144$25,609$659,535
June 30, 2024990$929,322$799,034$130,288$555,855$58,158$497,697
June 30, 2023990$716,403$584,457$131,946$412,346$44,938$367,408
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,094,544
of which government grants
$909,624
Program service revenue
$8,795
Investment income
$907
Net gain from sales of assets
$907
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$57,665
Other salaries and wages
$574,881
Salaries, compensation and benefits (total)
$720,510
Professional fundraising fees
$0
Occupancy
$108,931
Travel
$1,422
Depreciation
$4,592
Program services (functional)
$849,500
Management and general (functional)
$84,206
Fundraising (functional)
$8,701

Balance sheet and other

Total assets, start of year
$555,855
Total assets, end of year
$685,144
Total liabilities, end of year
$25,609
Net assets, end of year
$659,535
Land, buildings and equipment
$24,772
Net assets without donor restrictions
$659,535
Gross receipts
$1,104,539
Employees
16
Volunteers
8
Year formed
1999
State of legal domicile
WA

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Joseph P DrakeCEO
Officer, Highest-paid employee
40$129,785
Ron NewtonBoard Chair
Trustee or director, Officer
2$0
Samantha NelsonSecretary/Treasurer
Trustee or director, Officer
2$0
Peter GunterBoard Member
Trustee or director
1$0
Gloria BarberMember
Trustee or director
1$0
Shannon MatsonBoard Member
Trustee or director
1$0
Heidi OdomMember
Trustee or director
1$0
Jeff GlessnerMember
Trustee or director
1$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
Joseph P DrakeCEO
Officer, Highest-paid employee
40$123,444
Ron NewtonBoard Chair
Trustee or director, Officer
2$0
Samantha NelsonSecretary
Trustee or director, Officer
1$0
Peter GunterBoard Member
Trustee or director
0.5$0
Gloria BarberMember
Trustee or director
0.5$0
Lidia EscotoFinance Manager
Officer
10$0
Heidi OdomMember
Trustee or director
0.5$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensation
Joseph P DrakeCEO
Officer, Highest-paid employee
40$125,863
Lidia EscotoFinance Manager
Officer
10$14,800
Ron NewtonBoard Chair
Trustee or director, Officer
2$0
Samantha NelsonSecretary
Trustee or director, Officer
1$0
Peter GunterBoard Member
Trustee or director
0.5$0
Gloria BarberMember
Trustee or director
0.5$0
Heidi OdomMember
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
270 SW 43RD ST BLDG 3, RENTON, WA 98057-4936
In care of
% JOSEPH DRAKE
Principal officer (990 for 2024)
Joseph P Drake, 268-70 SW 43rd Street, Renton, WA 98055
Signed the 990
Joseph P Drake, Chief Executive Officer
Phone
(425) 656-5950
Return prepared by
YOUR FINANCIAL SOLUTIONS LLC

Mission

The Mission of Puget Sound Training Center is to provide customized skills training opportunities for the low income individuals in the Puget Sound Region, and to develop and provide employment opportunities at a

990 for the year ended June 30, 2025

Program accomplishments

  • 1) The Limited English Proficiency (LEP) Program, funded by the Office of Refugee and Immigrant Assistance,serves newly arrived refugees and immigrants by providing a range of services designed to promote financial independence and long-term employment stability. The program offers career planning, comprehensive case management, cultural navigation, financial literacy education, customized job training, job placement support, and ongoing retention services for both participants and employers. In Fiscal Year 2025, the program supported 399 refugees and immigrants, empowering them to build sustainable careers and achieve greater financial security. Key Services Provided: 399 individuals received culturally competent employment support and training. Career Planning: Personalized career assessments and skill development. Financial Literacy: Workshops on budgeting, saving, and financial independence. Job Placement:Assistance with securing employment and long-term job retention support. Employer Partnerships: Collaboration with local employers to secure positions for participants and ensure workplace integration.
    Expenses $430,502 · revenue $8,795
  • The Basic Food Employment & Training (BFET Program) provides essential employment and training services to low-income individuals receiving food assistance. Funded by the state and federal government, the program aims to help participants find sustainable career opportunities, improve their employability through skill-building, and progress in their careers over time. In Fiscal Year 2025, the program served 98 individuals, offering support through job coaching, skill development, credentialing opportunities, and wage progression. Key Services Provided: 98 participants received job readiness training and employment support. Job Coaching: One-on-one sessions to help participants identify career goals and strategies. Credentialing Opportunities: Access to local training programs and certifications to increase employability. Wage Progression Assistance: Support in navigating wage increases and career advancement. Impact: Enabled low-income individuals to secure and retain employment while advancing in their careers through continued support and resources.
    Expenses $200,583
  • 3) Food Assistance Program (FAP) The Food Assistance Program (FAP), funded by the Office of Refugee and Immigrant Assistance, helps newly arrived refugees and immigrants access career planning, job training, financial literacy, and long-term job retention support. In fiscal year 2025, the program provided vital services to help individuals transition from food assistance to sustainable employment. Key Services Provided: Career planning and culturally competent job placement services. 266 individuals received case management, cultural navigation, and financial literacy education. Impact: Empowered refugees and asylees to gain independence, develop life skills, and pursue sustainable careers. Focused on both immediate employment support and long-term educational and career pathways.
    Expenses $116,562
  • Refugee Youth Mentoring Program- Focuses on young refugees and asylees aged 18-24 who have been in the U.S. for five years or less. This program provides a combination of employment services, educational support, job training, and mentorship to help these young individuals successfully integrate into the workforce and society. The program helps participants overcome the challenges they face as they transition into adulthood and navigate life in a new country. In Fiscal Year 2025, the program served 29 youth, providing them with the resources and support to build a strong foundation.
    Expenses $101,853

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
91-2036279
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2002
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P84)
Assets (IRS master file)
$685,144
Income (IRS master file)
$1,104,539

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,104,246$942,407$685,144XML
990June 2024$929,322$799,034$555,855IRS
990June 2023$716,403$584,457$412,346XML
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 91-2036279).

Questions about PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER

What is the EIN of PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER?
The employer identification number (EIN) of PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER is 91-2036279.
Is PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER 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 PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER 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 PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER?
The 990 for the year ended June 30, 2025 names Joseph P Drake.
Who are the officers and directors of PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $129,785 (Joseph P Drake, CEO).
How much revenue does PUGET SOUND OPPORTUNTIES INDUSTRIALIZATION CENTER have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,104,246, expenses of $942,407 and total assets of $685,144 at year end.

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