Opportunity Education Foundation
- Assets
- $5.7m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Littleton, CO
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-3244541
Organization Overview
Opportunity Education Foundation is located in Littleton, 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 12/2022, Opportunity Education Foundation generated $7.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO THE TANZANIAN INTERNATIONAL NONGOVERNMENTAL ORGANIZATION (INGO) ALSO KNOWN AS OPPORTUNITY EDUCATION FOUNDATION. THE GRANTS FUND OPERATIONS OF FOUR OR MORE SECONDARY SCHOOLS IN TANZANIA. THE SCHOOLS UTILIZE THE FOUNDATION'S QUEST-BASED CURRICULUM.
THE FOUNDATION DEVELOPS, DESIGNS AND CREATES QUEST-BASED LEARNING SYSTEM AND RELATED CURRICULM TO BE USED AND LICENSED TO SCHOOLS. SUCH SYSTEM DIFFERS FROM CURRENT MAINSTREAM LEARNING SYSTEMS AND IS INNOVATIVE AND NEW. CURRENTLY, CURRICULUM IS USED IN TWO HIGH SCHOOLS IN THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Joe Ricketts Director, President And Treasurer | 4 | $0 | |
Alfred Levitt Secretary And General Counsel | 2 | $0 | |
Todd M Ricketts Director (nonvoting) | 0 | $0 | |
Laura M Ricketts Director (nonvoting) | 0 | $0 | |
J Peter Ricketts Director (nonvoting) | 0 | $0 | |
Sylvie M Legere Director (nonvoting) | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tlj Consulting Group Llc | 12/30/22 | $62,610 |
Pentalog Americas | 12/30/22 | $99,759 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,166,100 |
| Interest on Savings | $1,091 |
| 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 | $75,564 |
| Total Revenue | $7,242,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,995,247 |
| Other employee salaries and wages | $1,371,535 |
| Pension plans, employee benefits | $126,479 |
| Interest | $0 |
| Taxes | $275,109 |
| Depreciation | $0 |
| Occupancy | $14,620 |
| Travel, conferences, and meetings | $76,939 |
| Printing and publications | $3,013 |
| Other expenses | $159,860 |
| Total operating and administrative expenses | $4,544,821 |
| Contributions, gifts, grants paid | $789,376 |
| Total expenses and disbursements | $5,334,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,718,849 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Total assets | $5,736,921 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
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 |