Opportunity Education Foundation
- Assets
- $3.9m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Aurora, CO
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-3244541
Organization Overview
Opportunity Education Foundation is located in Aurora, CO. The organization was established in 2007. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Opportunity Education Foundation generated $9.1m in total revenue. All expenses for the organization totaled $5.4m during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITY EDUCATION FOUNDATION CURRENTLY PROVIDES EDUCATIONAL PERSONNEL, MATERIALS, SUPPLIES, TELEVISIONS, DVD PLAYERS, AND DVDS TO PARTICIPATING SCHOOLS IN TANZANIA. THE ORGANIZATION ALSO PERFORMS ASSESSMENTS OF THE STUDENTS TO DETERMINE THEIR PROGRESS. THESE ACTIVITIES FURTHER THE ORGANIZATIONS CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING SCHOOLS IN DEVELOPING COUNTRIES WITH RESOURCES TO FACILITATE EDUCATION.
OPPORTUNITY EDUCATION FOUNDATION ALSO DEVELOPS, DESIGNS AND CREATES QUEST-BASED LEARNING PROGRAM AND CIRCULUM TO BE USED AND LICENSED TO SCHOOLS. SUCH LEARNING PROGRAM DIFFERS FROM CURRENT MAINSTREAM LEARNING SYSTEMS AND IS INNOVATIVE AND NEW. CURRENTLY, PROGRAM AND CURRICULUM IS USED AS THE CORE CURRICULUM IN TWO HIGH SCHOOLS AND LICENSED TO SEVERAL SCHOOL DISTRICTS AND AFTER-SCHOOL PROGRAMS. THE FOUNDATION MONITORS THE PROGRESS OF STUDENTS USING THE LEARNING SYSTEM WITH THE GOAL OF REFINING THE SYSTEM AS WELL AS PUBLISHING EDUCATIONAL RESULTS.
OPPORTUNITY EDUCATION FOUNDATION MAKES GRANTS TO THE TANZANIAN INTERNATIONAL NONGOVERNMENTAL ORGANIZATION (INGO) ALSO KNOWN AS OPPORTUNITY EDUCATION FOUNDATION. THE GRANTS FUND OPERATIONS OF ONE OR MORE SECONDARY SCHOOLS IN TANZANIA. THE SCHOOLS UTILIZE OPPORTUNITY EDUCATION FOUNDATION'S QUEST-BASED, PROPRIETARY CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel Mattke Chief Innovation Officer | 40 | $1,463,055 | |
Raymond Ravaglia Chief Learning Officer | 40 | $356,411 | |
Brian D Chenault Senior Engineer And | 40 | $129,390 | |
Martin J Russell Director Of Africa O | 40 | $126,094 | |
Jeffrey Sholl Backend Engineer | 40 | $117,615 | |
Jolene L Zywica Director Of Learning | 40 | $109,876 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plus Qa | 12/30/21 | $55,835 |
Tlj Consulting Group Llc | 12/30/21 | $101,816 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,045,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $74,300 |
| Total Revenue | $9,119,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,819,466 |
| Other employee salaries and wages | $1,522,525 |
| Pension plans, employee benefits | $158,504 |
| Interest | $0 |
| Taxes | $188,172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $47,557 |
| Printing and publications | $0 |
| Other expenses | $291,912 |
| Total operating and administrative expenses | $4,691,023 |
| Contributions, gifts, grants paid | $752,072 |
| Total expenses and disbursements | $5,443,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,830,679 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $300 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $18,072 |
| Other assets | $3,591 |
| Total assets | $3,852,642 |
| Accounts payable and accrued expenses | $67 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $67 |
Grants Awarded
Over the last fiscal year, Opportunity Education Foundation has awarded $752,072 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OPPORTUNITY EDUCATION FOUNDATION - A TANZANIAN INGO PURPOSE: OPERATION OF ONE OR MORE SECONDARY SCHOOLS IN TANZANIA UTILIZING OPPORTUNITY EDUCATION FOUNDATION'S QUEST-BASED CURRICULUM. | $749,577 |
QUEST FORWARD ACADEMY INC PURPOSE: GRANT MADE TO HIGH SCHOOL THAT UTILIZED OPPORTUNITY EDUCATION FOUNDATION'S CURRICULUM AND LEARNING SYSTEM. | $2,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Ministries Colorado Springs, CO | $4,747,799 | $19,748,922 |
Mercy Without Limits Inc Overland Park, KS | $12,804,274 | $19,965,180 |
Humanitarian Experience Inc Salt Lake City, UT | $1,258,081 | $14,822,616 |
Lifting Hands International Salt Lake City, UT | $502,685 | $8,241,355 |
Childrens Hopechest Inc Palmer Lake, CO | $1,198,325 | $5,781,383 |
Opportunity Education Foundation Aurora, CO | $3,852,642 | $9,119,900 |
Educate Denver, CO | $12,591,345 | $6,072,389 |
Free The Oppressed Colorado Springs, CO | $6,590,953 | $9,061,725 |
Love Justice International Lincoln, NE | $1,486,894 | $4,623,371 |
Love In Action Colorado Springs, CO | $123,482,303 | $32,008,733 |
Hope 4 Kids International Phoenix, AZ | $1,831,552 | $4,256,777 |
World Hunger Ecumenical Arizona Task Force Inc Phoenix, AZ | $1,022,972 | $3,945,748 |