Opportunity Foundation
- Assets
- $5.1m
- Revenue
- $1.2m
- Investments
- $1.1m
- Employees
- 0
- Location
- Coeur Dalene, ID
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-3928645
Organization Overview
Opportunity Foundation is located in Coeur Dalene, ID. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity 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 Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $481.9k during the year ending 12/2021. While expenses have increased by 19.0% 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.
Since 2018, Opportunity Foundation has awarded 15 individual grants totaling $191,052. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR OPPORTUNITY SOCIAL WELFARE SOCIETY IN SECUNDERABAD (HYDERABAD) INDIA. PROVIDE MAJORITY OF COST OF EDUCATING 450 STUDENTS IN GRADES 1-10. LAPTOPS AND OTHER SCHOOL SUPPLIES WERE PROVIDED AS WELL. THIS INCLUDES ALL REQUIRED FACILITIES AND PERSONNEL. SUPPORT 30 FULL TIME TEACHERS + 20 ADDITIONAL EMPLOYEES AT MAGGI SCHOOLS. ALSO SUPPORT BABY CARE CENTER, NURSURY SCHOOL, K-1 AND K-2 SCHOOLS.
FULL SUPPORT AND ALL EXPENSES OF AN ADMINISTRATOR, TRANSLATOR AND INTERPRETER FOR KUA ACTIVITIES IN MYANMAR. INCLUDES PUBLICATION AND DISTRIBUTION EXPENSES OF TEACHER RESOURCE MATERIALS TO TEACHERS IN REMOTE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Simpson Chairman | 2 | $0 | |
Virginia Sue Simpson Board Member | 1 | $0 | |
Bruce Neurohr Board Member | 0.5 | $0 | |
Peter Erbland Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,173,418 |
| Interest on Savings | $5,702 |
| Dividends & Interest | $2,163 |
| 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 | $28,697 |
| Total Revenue | $1,209,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $114,683 |
| Pension plans, employee benefits | $3,028 |
| Interest | $0 |
| Taxes | $6,965 |
| Depreciation | $18,440 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,250 |
| Printing and publications | $13,907 |
| Other expenses | $107,318 |
| Total operating and administrative expenses | $281,164 |
| Contributions, gifts, grants paid | $200,688 |
| Total expenses and disbursements | $481,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,780 |
| Savings and temporary cash investments | $3,462,696 |
| 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 | $550,162 |
| Other assets | $0 |
| Total assets | $5,104,211 |
| 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 Foundation has awarded $35,361 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
OPPORTUNITY FOUNDATION (THAILAND) PURPOSE: SUPPORT 2019 CHILD HOME OPERATIONS FOR 16 CHILDREN AND YOUTH CAMPS EVERY YEAR FOR HIGH SCHOOL AGED KIDS BY COVERING ONE TEACHER'S FULL SALARY. | $11,820 |
N JA TAWANG KYAW SWAR WAR WAR AUNG PURPOSE: FIVE STUDENTS SELECTED FROM CHURCH AND COMMUNITY LEADERS TO BEGIN FIRST YEAR OF A 3 YEAR COURSE DEGREE/DIPLOMA COURSE AT COLLEGES/UNIVERSITIES IN THEIR AREAS TO ENABLE BETTER EMPLOYMENT IN THE FUTURE. FUNDING INCLUDES COLLEGE FEES & BOOKS. | $6,883 |
SIX STUDENTS MINORS UNDER AGE 18 PURPOSE: SPONSORSHIP OF SIX STUDENTS TO ATTEND SCHOOL FOR ONE YEAR. | $4,828 |
KHAIKAM DISTRICT SCHOOL PURPOSE: TWO DONATIONS GIVEN TO KAIKAM DISTRICT GOVERNMENT SCHOOL FOR SPORTS EQUIPMENT, DESKS AND CHAIRS FOR YEAR 7 TO 10 CLASSROOMS, ART EQUIPMENT AND 3 TEACHER'S DESKS. FOOD DONATION FOR SPECIAL DAY FOR 278 CHILDREN AND 17 STAFF. | $1,952 |
BASIC EDUCATION HIGH SCHOOL PURPOSE: DONATION OF FICTION AND NON-FICTION BOOKS (FOR PREVIOUSLY EMPTY LIBRARY SHELVES) FOR 3 GOVERNMENT SCHOOLS IN CHIN STATE. | $1,952 |
BASIC EDUCATION PRIMARY SCHOOL PURPOSE: DONATION OF FICTION AND NON-FICTION BOOKS (FOR PREVIOUSLY EMPTY LIBRARY SHELVES) FOR 3 GOVERNMENT SCHOOLS IN CHIN STATE. | $1,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bezos Family Foundation Seattle, WA | $130,746,152 | $60,417,966 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Raikes Foundation Seattle, WA | $117,221,519 | $16,360,598 |
Aldarra Foundation Seattle, WA | $1,907,346 | $20,570,824 |
Charles K Blandin Residuary Trust 30/15962 Las Vegas, NV | $0 | $17,582,870 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
James F And Marion L Miller Foundation Portland, OR | $164,280,841 | $30,090,803 |