Opportunity Resource Services Inc
- Assets
- $198.0k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 57
- Location
- Cleburne, TX
- Founding
- 12/2013
- Data as of
- 08/2023
- EIN
- 27-3827740
Organization Overview
Opportunity Resource Services Inc is located in Cleburne, TX. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2023, Opportunity Resource Services Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Resource Services 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 08/2023, Opportunity Resource Services Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $2.5m during the year ending 08/2023. While expenses have increased by 20.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DISRUPT GENERATIONAL PROVERTY IN TX BY EMPOWERING VULNERABLE TEENS & ADULTS-ESPECIALLY 1ST GENERATION COLLEGE STUDENTS,LOW-INCOME PERSONS,& THOSE INVOLVED WITH THE CRIMMINAL JUSTICE SYSTEM-TO ATTAIN HIGHER ED. DEGREES OF VALUE,SECURE GAINFUL EMPLOYMENT,& ACHIEVE SOCIAL MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPWARD BOUND IS A FEDERAL GRANT PROGRAM FUNDED BY THE DEPARTMENT OF EDUCATION THAT PROVIDES FUNDAMENTAL SUPPORT TO PARTICIPANTS IN THEIR PREPARATION FOR COLLEGE ENTRANCE. THE PROGRAM PROVIDES OPPORTUNITIES FOR PARTICIPANTS TO SUCCEED IN THEIR PRECOLLEGE PERFORMANCE AND ULTIMATELY IN THEIR HIGHER EDUCATION PURSUITS.IN 2022 AND 2023, WE CONTINUED THE UPWARD BOUND PROGRAM AT THE TARGET SCHOOLS, RECRUITED AND SERVED THE REQUIRED AMOUNT OF STUDENTS, HIRED TUTORIAL STAFF, PROVIDED DAILY TUTORIALS FOR STUDENTS AFTER SCHOOL, FACILITATED A SIX-WEEK INTENSIVE SUMMER PROGRAM, HOSTED MULTIPLE WORKSHOPS, AND ORGANIZED MULTIPLE FIELD TRIPS TO COLLEGES AND CULTURALLY ENRICHING SITES.
UPWARD BOUND MATH & SCIENCE IS A FEDERAL GRANT PROGRAM FUNDED BY THE DEPARTMENT OF EDUCATION DESIGNED TO STRENGTHEN THE MATH AND SCIENCE SKILLS OF PARTICIPATING STUDENTS. THE GOAL OF THE PROGRAM IS TO HELP STUDENTS RECOGNIZE AND DEVELOP THEIR POTENTIAL TO EXCEL IN MATH AND SCIENCE AND TO ENCOURAGE THEM TO PURSUE POSTSECONDARY DEGREES IN MATH AND SCIENCE, AND ULTIMATELY CAREERS IN THE MATH AND SCIENCE PROFESSION. IN 2022, AND 2023 WE CONTINUED THE UPWARD BOUND PROGRAM AT THE TARGET SCHOOLS, RECRUITED AND SERVED THE REQUIRED AMOUNT OF STUDENTS, HIRED TUTORIAL STAFF, PROVIDED DAILY TUTORIALS FOR STUDENTS AFTER SCHOOL, FACILITATED A SIX-WEEK INTENSIVE SUMMER PROGRAM, HOSTED MULTIPLE WORKSHOPS, AND ORGANIZED MULTIPLE FIELD TRIPS TO COLLEGES AND STEM INTENSIVE SITES.
THE EDUCATIONAL OPPORTUNITY CENTER (EOC) IS A PROGRAM FUNDED BY THE U.S. DEPARTMENT OF EDUCATION, THAT PROVIDES COUNSELING AND APPLICATION ASSISTANCE TO ANY QUALIFIED PARTICIPANTS INTERESTED IN PURSUING HIGHER EDUCATION. HIGHER EDUCATION CAN BE COLLEGE, UNIVERSITY, A TRADE SCHOOL PROGRAM, OR ANY OTHER TRAINING AFTER THE COMPLETION OF HIGH SCHOOL OR THE GED. THE EOC ADVISORS ARE HERE TO BE YOUR HIGHER EDUCATION ADVOCATES.PARTICIPANTS IN THE EOC PROGRAM RECEIVE MORE THAN JUST HELP COMPLETING FORMS. OUR EXPERIENCED ADVISORS UNDERSTAND THE OBSTACLES STUDENTS FACE WHEN ENROLLING IN COLLEGE - FINANCIAL, PERSONAL, AND FAMILY - AND WE WILL HELP YOU CREATE A PERSONALIZED PLAN TO WORK THROUGH THOSE OBSTACLES TO ATTEND SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Phillips President | Officer | 40 | $109,713 |
Austen Powell Treasurer | Trustee | 0 | $0 |
Jonathan Estrada Director | Trustee | 0 | $0 |
Andrea Galante Director | Trustee | 0 | $0 |
James Villegas Director | Trustee | 0 | $0 |
Lechester Williams Vice Chair | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,462,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,538,735 |
| Total Program Service Revenue | $0 |
| Investment income | $94 |
| 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 | $2,538,829 |
| 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. | $109,713 |
| Compensation of current officers, directors, key employees. | $22,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,317,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,283 |
| Payroll taxes | $104,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,140 |
| Information technology | $99,230 |
| Royalties | $0 |
| Occupancy | $54,827 |
| Travel | $223,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,511 |
| All other expenses | $82,006 |
| Total functional expenses | $2,518,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $70,583 |
| Accounts receivable, net | $0 |
| 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 | $1,914 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,545 |
| Total assets | $197,983 |
| Accounts payable and accrued expenses | $34,651 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,505 |
| Total liabilities | $146,156 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $51,827 |
| Total liabilities and net assets/fund balances | $197,983 |