Opportunity Networks Inc
- Assets
- $2.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 146
- Location
- Amherst, NH
- Founding
- 11/2007
- Data as of
- 06/2021
- 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 06/2021, Opportunity Networks Inc employed 146 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 06/2021, Opportunity Networks Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 5.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AGENCY PROVIDES LIFE SKILLS AND JOB TRAINING TO ADULTS WHO LIVE WITH AQUIRED & 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 PROVIEDS LIFE SKILLS FOR THE INDIVIDUAL'S INDEPENDENCE. THE ORGANIZATION PROVIDED SERVICES TO 127 CONSUMERS DURING THE YEAR.
TRANSITIONAL EMPLOYMENT - TO PROVIDE JOB PLACEMENT FOR PHYSICALLY AND MENTALLY CHALLENGED INDIVIDUALS. THE ORGANIZATION PROVIDED JOB PLACEMENT FOR 66 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 |
|---|---|---|---|
Rocky Morelli Executive Director | Trustee | 40 | $98,692 |
James Stratton President | OfficerTrustee | 2 | $0 |
Tom Quinn Treasurer | OfficerTrustee | 2 | $0 |
Robert Young Vice President | OfficerTrustee | 1 | $0 |
Bud Abbott Director | Trustee | 1 | $0 |
John Dinkel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,220 |
| Related organizations | $0 |
| Government grants | $1,195,736 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,862 |
| Noncash contributions included in lines 1a–1f | $2,508 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,316,818 |
| Total Program Service Revenue | $2,749,762 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,943 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,076,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,096 |
| Compensation of current officers, directors, key employees. | $13,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,972,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $482,378 |
| Payroll taxes | $134,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,974 |
| Advertising and promotion | $4,615 |
| Office expenses | $58,502 |
| Information technology | $3,636 |
| Royalties | $0 |
| Occupancy | $138,171 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,631 |
| Interest | $5,565 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,864 |
| Insurance | $23,172 |
| All other expenses | $26,293 |
| Total functional expenses | $3,484,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,694,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250 |
| Accounts receivable, net | $204,137 |
| 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 | $23,360 |
| Net Land, buildings, and equipment | $868,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,518 |
| Total assets | $2,792,676 |
| Accounts payable and accrued expenses | $199,049 |
| 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 | $233,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $432,684 |
| Net assets without donor restrictions | $2,351,047 |
| Net assets with donor restrictions | $8,945 |
| 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 | $2,792,676 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Opportunity Networks Inc has recieved totaling $10,128.
| Awarding Organization | Amount |
|---|---|
Kaley Foundation Dallas, TX PURPOSE: SUPPORTS HEALTH & WELLNESS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
Growald Climate Fund Inc Brookline, MA | $40,583,150 | $39,346,635 |
Peter And Ann Lambertus Family Foundation Inc Boston, MA | $280,283,227 | $22,807 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Schooner Foundation Boston, MA | $234,086,951 | $101,845,887 |
Amelia Peabody Foundation Wellesley, MA | $142,407,971 | $16,470,894 |
Crimson Lion Foundation Boston, MA | $63,778,253 | $10,788,706 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
Kraft Family Foundation Inc Foxborough, MA | $42,808,587 | $12,601,378 |