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Puget Sound Opportunties Industrialization Center

Puget Sound Oic

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Ethnic, Immigrant Centers, Services (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$716k (2023)

20112023 $0$200k$400k$600k$800k

Expenses
$584k (2023)

20112023 $0$200k$400k$600k$800k

Total Assets
$412k (2023)

20112023 $0$100k$200k$300k$400k$500k

Total Liabilities
$44.9k (2023)

20112023 $0$50k$100k$150k$200k
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$716,403
Expenses
$584,457
Net Income
$131,946
Net Assets
$367,408
Notable Sources of Revenue Percent of Total Revenue
Contributions $709,265
99.0%
Program Services $5,945
0.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,193
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $299,384
51.2%
Assets/Debt
Total Assets $412,346
Total Liabilities $44,938
Net Assets $367,408
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $125,863 $0 $0
Lidia Escoto (Finance Manager) $14,800 $0 $0
Ron Newton (Board Chair) $0 $0 $0
Samantha Nelson (Secretary) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0
Gloria Barber (Member) $0 $0 $0
Heidi Odom (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$605,945
Expenses
$459,801
Net Income
$146,144
Net Assets
$289,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $600,766
99.1%
Program Services $4,705
0.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $474
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $72,000
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $213,373
46.4%
Assets/Debt
Total Assets $305,482
Total Liabilities $16,020
Net Assets $289,462
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $71,973 $0 $0
Lidia Escoto (Finance Manager) $13,825 $0 $0
Ron Newton (President) $0 $0 $0
Samantha Nelson (Secretary/Treasurer) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0
Gloria Barber (Member) $0 $0 $0
Heidi Odom (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$600,676
Expenses
$508,723
Net Income
$91,953
Net Assets
$143,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $597,718
99.5%
Program Services $2,958
0.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $72,141
14.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $172,745
Total Liabilities $29,426
Net Assets $143,319
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $81,315 $0 $0
Ron Newton (President) $0 $0 $0
Gloria Barber (Secretary/Treasurer) $0 $0 $0
George Sichting (Board Member) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$740,372
Expenses
$593,445
Net Income
$146,927
Net Assets
$51,366
Notable Sources of Revenue Percent of Total Revenue
Contributions $729,627
98.5%
Program Services $10,745
1.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $184,977
31.2%
Professional Fundraising Fees $0
Other Salaries and Wages $221,723
37.4%
Assets/Debt
Total Assets $140,940
Total Liabilities $89,574
Net Assets $51,366
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $66,169 $0 $0
Roland Newton (Board Chair) $0 $0 $0
Gloria Barber (Secretary/Treasurer) $0 $0 $0
Samantha Nelson (Board Member) $0 $0 $0
Heidi Odom (Board Member) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0
Jeanette Power Cooper (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$464,364
Expenses
$601,945
Net Income
-$137,581
Net Assets
-$95,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $462,874
99.7%
Program Services $1,490
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $184,977
30.7%
Professional Fundraising Fees $0
Other Salaries and Wages $231,343
38.4%
Assets/Debt
Total Assets $101,050
Total Liabilities $196,611
Net Assets -$95,561
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $143,175 $0 $0
Ron Newton (President) $0 $0 $0
Gloria Barber (Secretary/Treasurer) $0 $0 $0
George Sichting (Board Member) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$635,168
Expenses
$626,991
Net Income
$8,177
Net Assets
$43,709
Notable Sources of Revenue Percent of Total Revenue
Contributions $634,812
99.9%
Program Services $356
0.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $248,844
39.7%
Assets/Debt
Total Assets $146,948
Total Liabilities $103,239
Net Assets $43,709
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $132,660 $0 $0
Roland Newton (President) $0 $0 $0
Gloria Barber (Secretary/Treasurer) $0 $0 $0
Heidi Odom (Board Member) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0
Jeanette Power Cooper (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$586,379
Expenses
$603,301
Net Income
-$16,922
Net Assets
$24,989
Notable Sources of Revenue Percent of Total Revenue
Contributions $585,229
99.8%
Program Services $1,150
0.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $244,403
40.5%
Assets/Debt
Total Assets $98,030
Total Liabilities $73,041
Net Assets $24,989
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $128,396 $0 $2,734
Ron Newton (President) $0 $0 $0
Gloria Barber (Secretary/Treasurer) $0 $0 $0
George Sichting (Board Member) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$541,043
Expenses
$532,962
Net Income
$8,081
Net Assets
$35,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $535,021
98.9%
Program Services $6,018
1.1%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $231,860
43.5%
Assets/Debt
Total Assets $85,813
Total Liabilities $50,680
Net Assets $35,133
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $104,385 $0 $23,748
Ron Newton (President) $0 $0 $0
Gloria Barber (Secretary/Treasurer) $0 $0 $0
George Sichting (Board Member) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$472,943
Expenses
$501,417
Net Income
-$28,474
Net Assets
$16,891
Notable Sources of Revenue Percent of Total Revenue
Contributions $467,945
98.9%
Program Services $4,975
1.1%
Investment Income $23
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $168,756
33.7%
Assets/Debt
Total Assets $96,404
Total Liabilities $79,513
Net Assets $16,891
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $104,385 $0 $27,430
Ron Newton (President) $0 $0 $0
Gloria Barber (Secretary/Treasurer) $0 $0 $0
George Sichting (Board Member) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$441,170
Expenses
$479,492
Net Income
-$38,322
Net Assets
$45,363
Notable Sources of Revenue Percent of Total Revenue
Contributions $438,743
99.4%
Program Services $2,427
0.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $281,990
58.8%
Assets/Debt
Total Assets $66,420
Total Liabilities $21,057
Net Assets $45,363
Compensation
Key Employees and Officers Compensation Related Other
Joseph P Drake (Ceo) $105,468 $0 $20,035
Ron Newton (President) $0 $0 $0
Gloria Barber (Secretary/Treasurer) $0 $0 $0
George Sichting (Board Member) $0 $0 $0
Peter Gunter (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$474,299
Expenses
$516,657
Net Income
-$42,358
Net Assets
$19,600
Notable Sources of Revenue Percent of Total Revenue
Contributions $473,149
99.8%
Program Services $1,150
0.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $296,568
57.4%
Assets/Debt
Total Assets $110,417
Total Liabilities $90,817
Net Assets $19,600

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$542,796
Expenses
$488,949
Net Income
$53,847
Net Assets
$61,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $541,773
99.8%
Program Services $1,023
0.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $155,996
31.9%
Assets/Debt
Total Assets $133,322
Total Liabilities $72,226
Net Assets $61,096

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$454,496
Expenses
$425,297
Net Income
$29,199
Net Assets
$20,630
Notable Sources of Revenue Percent of Total Revenue
Contributions $451,846
99.4%
Program Services $2,650
0.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $54,072
12.7%
Assets/Debt
Total Assets $104,958
Total Liabilities $84,328
Net Assets $20,630

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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