Opportunity Networks Inc
- Assets
- $2.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 142
- Location
- Amherst, NH
- Founding
- 11/2007
- Data as of
- 06/2022
- EIN
- 22-2478687
Organization Overview
Opportunity Networks Inc is located in Amherst, NH. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Opportunity Networks Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Networks Inc 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 06/2022, Opportunity Networks Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AGENCY PROVIDES LIFE SKILLS AND JOB TRAINING TO ADULTS WHO LIVE WITH ACQUIRED & DEVELOPMENTAL DISABILITIES PRIMARILY IN SOUTHERN NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY HABILITATION SUPPORT EMPLOYMENT - TO PROVIDE REHAB AND JOB TRAINING FOR HANDICAPPED ADULTS FOR THE LONG TERM CARE & SUPPORT. IT ALSO PROVIDES LIFE SKILLS FOR THE INDIVIDUAL'S INDEPENDENCE. THE ORGANIZATION PROVIDED SERVICES TO 99 CONSUMERS DURING THE YEAR.
TO PROVIDE SUPPORTED EMPLOYMENT SERVICES TO INDIVIDUALS TO HELP MAINTAIN THEIR JOBS IN GAINFUL EMPLOYMENT. ACTIVITY FEES SUPPLEMENT COSTS TO CONTRIBUTE TO THE LEARNING AND TEACHING OF LIFE SKILLS.
VOCATIONAL REHAB SERVICES - TO PROVIDE JOB DEVELOPMENT AND PLACEMENT FOR PHYSICALLY AND MENTALLY CHALLENGED INDIVIDUALS. THE ORGANIZATION PROVIDED JOB PLACEMENT FOR 50 CONSUMERS DURING THE YEAR.
WORKSHIP - APPRENTICESHIP TRAINING PROGRAM IN THE BUILDING TRADES FOR RECENT HIGH SCHOOL GRADUATES WHO DUE TO COGNITIVE, SOCIAL, OR SOCIO-ECOMONIC CHALLENGES IMPEDE THEIR ABILITY TO PROCURE GAINFUL EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Knott Director (from 3/2022) | Trustee | 1 | $0 |
Bud Abbott Director | Trustee | 1 | $0 |
Steven Desmarais Director | Trustee | 0.75 | $0 |
John Dinkel Director | Trustee | 1 | $0 |
Keith Jones Director | Trustee | 0.75 | $0 |
Sue Lennox Director (until 1/2022) | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,693 |
| Related organizations | $0 |
| Government grants | $245,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,552 |
| Noncash contributions included in lines 1a–1f | $6,880 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,901 |
| Total Program Service Revenue | $2,639,021 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,085,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,152 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,998 |
| Compensation of current officers, directors, key employees. | $84,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,632,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $412,344 |
| Payroll taxes | $147,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,572 |
| Advertising and promotion | $7,131 |
| Office expenses | $40,653 |
| Information technology | $27,131 |
| Royalties | $0 |
| Occupancy | $216,265 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,946 |
| Interest | $4,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,947 |
| Insurance | $24,960 |
| All other expenses | $16,496 |
| Total functional expenses | $3,323,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,434,910 |
| Savings and temporary cash investments | $1,000 |
| Pledges and grants receivable | $28,767 |
| Accounts receivable, net | $183,253 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,558 |
| Net Land, buildings, and equipment | $801,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,518 |
| Total assets | $2,468,500 |
| Accounts payable and accrued expenses | $125,069 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $207,892 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $189,435 |
| Total liabilities | $522,396 |
| Net assets without donor restrictions | $1,904,982 |
| Net assets with donor restrictions | $41,122 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,468,500 |