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APPLICANT

Women’s Opportunity Center

Total Qualifying Score: 9
County (ARC Region): Yes
State (ARC Region): Yes
Q3. IRS Status: Nonprofit – 2
Q4. Parent Entity: No – 1
Q5. 2 or More Full-Time Employees : Yes (as of 12/31/2019)
Q7. Budget Level: $250,001 to $1.5 million – 5 (Last Fiscal Year Actual Income)
Q8. Restricted Reserves: No – 1
Q9. CARES Act Funding: Yes – 0
Q13. Participation by Executive: Yes


CONTACT & LOCATION INFORMATION

Women’s Opportunity Center
Ithaca, Tompkins County, New York 14850
607-882-5055
Email
www

County (ARC Region) Tompkins
State (ARC Region) New York


ORGANIZATIONAL & FINANCIAL INFORMATION

Q1. Mission:

The Women’s Opportunity Center (WOC) is a not-for-profit organization that supports social and economic self-sufficiency primarily for economically disadvantaged women. WOC provides employment skills training, individualized coaching, financial literacy, computer literacy, health and wellness coaching, and professional dressing.

Q2. How organization aligns with ARC’s Plan & Goals:

The Women’s Opportunity Center strategic plan includes entrepreneurial and business development strategies that support and strengthen the Appalachia’s economy in the Southern Tier region; the employee training programs that are offered to women focus on entrepreneurship and local business development through technical assistance, mentoring, networking, and other types of support which will provide potential leverage to community and economic development; and build the capacity and skills of current and next-generation leaders and organizations to innovate, collaborate, and advance community and economic development. On 09/11/2020 the center had to due to a mass layoff, move the office located in Onondaga County, and cut almost all expenses to make sure that the 3 skeleton staff members could provide basic services to the clients. This organization did not have a crisis plan, nor were there directions to move forth with a plan until the very last minute which was a result of working intensely to provide what services we could for the clients to meet the outcomes which would support the services for the clients.

Q3. IRS Filing Status: 501(c)(3)   

Q4. Unit or Chapter of Larger Organization: No

Q5. Employees:

Full-Time/Part-Time Employees: 6/4 (as of 9/1/2020)

Full-Time/Part-Time Employees: 9/5 (as of 12/31/2019)

Current Year Income/Expenses: $658,508.38/$691,462.15

Q6. Fiscal Year: July-June

Q7. Budget Level

Last Fiscal Year Income/Expenses (Actual): $751,167.12 / $712572.07

Current Year Income/Expenses (Projected): $658,508.38 / $691,462.15

Balance Sheet

Q8. Restricted Reserves (Amount): No ($)

Q9. CARES Act Funding (Amount): Yes ($73439.37)
Received From: CFCU Cornell Federal Credit Union   Date Received: 05/17/2020
For What Purpose(s): to cover payroll and approved utilities to continue operations

Q10. Negative Impacts from COVID-19:

Covid-19 has negatively impacted our organization’s financial health. Currently, we are modifying the approved 2020-2021 Fiscal Year Budget to a 6-month projection due to recent layoffs. The organizations are cost-cutting measures. The center has decreased FT staff hours and took away health and dental insurance and the staff already live paycheck to paycheck, some receiving services themselves from the Department of Social Services to help with sustainability. The Women’s Opportunity Center  (WOC)relies heavily on New York State contracts to support operations and since April 1, 2020, the organization has not received a penny from the state. It would be helpful if the WOC  could access immediate funding for urgent needs.  Since July the center has seen a decrease (25% or more) in the usage of our services due to not having the proper infrastructure set up to provide virtual services for the clients that the WOC serves, decrease staff to have available.

Q11. Top Three Concerns:
financial health
social impact
capacity to deliver services

How Participation in Program Will Address Concerns:

The Women’s Opportunity Center is seeking support to help acquire specialized service or skill that is not currently resident within the organization, which had been identified after the center experience the Pandemic. It would be great to have a strategic plan in place to operate more effectively or strengthen sustainability. It would also be helpful to expand the capacity of services in the communities we could serve in the Southern Tier area not and not just one county. Relook potential partnerships and other effective collaborations that the center has not built a partnership with.


COHORT INSTRUCTION

Q12. Applying as a Proposed Cohort? No

Q13. Executive Director or CEO Will Participate in the Program? Yes

Q14. Top Two Choices for Cohort Instruction:

Course #1 Choice: 1-Long-term Financial Management

Course #2 Choice: 2-Mission & Operations

Q15. Desired Course Schedule for Cohort Instruction:

#1 Desired Course Schedule: 1-Winter 2021 B: 5-Week Course (Mar. 1, 2021-April 4, 2021)

#2 Desired Course Schedule: 2-Winter 2021 A: 5-Week Course (Jan. 25, 2021 – Feb. 28, 2021)


APPLICATION SUBMITED BY:

Name: Ryan Harriott, Executive Director

Application Approved by Organization Director or CEO? Yes, Approved by Executive Director/CEO

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