The New York Opportunity Network Inc is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2023, New York Opportunity Network Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Opportunity Network 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, New York Opportunity Network Inc generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $12.0m during the year ending 08/2023. While expenses have increased by 16.1% 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
THE OPPORTUNITY NETWORK IGNITES THE DRIVE, CURIOSITY, AND AGENCY OF UNDERREPRESENTED STUDENTS ON THEIR PATHS TO AND THROUGH COLLEGE AND INTO THRIVING CAREERS, POWERED BY OUR COMMITMENT TO ACCESS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPPORTUNITY NETWORK (OPPNET) WORKS TO CLOSE THE OPPORTUNITY GAP FOR STUDENTS FROM HISTORICALLY AND SYSTEMATICALLY UNDERREPRESENTED COMMUNITIES. OPPNET'S CAREER FLUENCY CURRICULUM IS THE FOUNDATION OF OUR WORK AND CONSISTS OF SEVEN PILLARS DESIGNED TO LEAD YOUNG PEOPLE TO HOLISTIC COLLEGE AND CAREER SUCCESS: 1) COLLEGE ACCESS, TRANSITION, AND SUCCESS; 2) CAREER AWARENESS AND EXPOSURE; 3) PROFESSIONAL AND WORKPLACE SKILLS; 4) NETWORKS AND SOCIAL CAPITAL; 5) SOCIAL EMOTIONAL LEARNING; 6) IDENTITY AND CRITICAL CONSCIOUSNESS; AND 7) WELLNESS AND SELF-CARE.OPPNET'S STRATEGY BRIDGES COLLEGE AND CAREER SUPPORTS ACROSS THREE DISTINCT PROGRAMS:1) OUR FOUNDING OPPNET FELLOWS PROGRAM WORKS DIRECTLY WITH NEW YORK CITY PUBLIC SCHOOL STUDENTS FROM 10TH GRADE THROUGH TO THEIR COLLEGE GRADUATION-ENGAGING STUDENTS IN INTENSIVE PROGRAMMING, INCLUDING INDIVIDUALIZED COLLEGE COUNSELING, CAREER EXPOSURE, PROFESSIONAL SKILL-BUILDING, INDIVIDUALIZED SUPPORT THROUGH THE COLLEGE YEARS, AND FIVE SUMMERS OF PAID INTERNSHIPS OR MEANINGFUL ENRICHMENT PROGRAMMING. ON AVERAGE, 94% OF OPPNET FELLOWS GRADUATE COLLEGE WITHIN SIX YEARS, AND 89% SECURE CAREER-INTEREST ALIGNED EMPLOYMENT OR GRADUATE SCHOOL ADMISSION WITHIN SIX MONTHS OF COLLEGE GRADUATION. DURING OUR 2022-23 FISCAL YEAR, OPPNET PROUDLY SERVED ~1,100 STUDENTS THROUGH THIS PROGRAM.2) OPPNET'S CAPACITY-BUILDING CAREER FLUENCY PARTNERSHIPS PROGRAM, LAUNCHED IN 2011, HELPS SCHOOLS AND YOUTH-SERVING ORGANIZATIONS INTEGRATE OUR COLLEGE AND CAREER READINESS CONTENT INTO THEIR PROGRAM MODELS AND HELP THEM ACHIEVE IMPROVED OUTCOMES FOR THEIR YOUNG PEOPLE. THROUGH THESE ONE- TO TWO-YEAR CAPACITY-BUILDING ENGAGEMENTS, OPPNET WORKS WITH EACH PARTNER TO IDENTIFY THEIR UNIQUE NEEDS AND DESIRED STUDENT OUTCOMES, CO-DESIGNS A STRATEGY TO REACH THEIR GOALS, AND TRAINS PARTNER STAFF TO SUPPORT THEIR STUDENTS TO BUILD ESSENTIAL COMPETENCIES THAT DRIVE ACADEMIC, PERSONAL, AND PROFESSIONAL OUTCOMES. IN OUR 2022-23 FISCAL YEAR, OPPNET WORKED WITH 75 PARTNER INSTITUTIONS TO IMPACT OVER 251,501 STUDENTS ACROSS 26 CITIES AND 10 STATES.3) OUR OPPORTUNITY IGNITED PROGRAM, LAUNCHED IN 2020, PROVIDES ADVISORY SERVICES TO COMPANIES SEEKING TO EMBED VALUES OF DIVERSITY, EQUITY, AND INCLUSION IN THEIR BUSINESSES. IN OUR 2022-23 FISCAL YEAR, OPPNET WORKED WITH 15 COMPANIES, OFFERING INCLUSIVE CULTURE MAPPING, CUSTOMIZED WORKSHOPS, ADVISORY SERVICES, ACCESS TO LIVE AND ON-DEMAND DIVERSITY, EQUITY, AND INCLUSION TRAININGS, AND MUCH MORE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Raquel Vargas Palmer Chairman | OfficerTrustee | 4 | $0 |
Sean Cohan Treasurer | OfficerTrustee | 1 | $0 |
Joy Booker Secretary | OfficerTrustee | 1 | $0 |
Bruce Campbell Director | Trustee | 1 | $0 |
Jason Wright Director | Trustee | 1 | $0 |
Michael Rees Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $3,758,249 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $6,232,464 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,990,713 |
Total Program Service Revenue | $824,849 |
Investment income | $43,142 |
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 | $10,866,205 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $400,551 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,191,935 |
Compensation of current officers, directors, key employees. | $267,158 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,388,713 |
Pension plan accruals and contributions | $132,495 |
Other employee benefits | $867,807 |
Payroll taxes | $520,194 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,958 |
Fees for services: Accounting | $21,184 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,170,747 |
Advertising and promotion | $0 |
Office expenses | $225,130 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $423,996 |
Travel | $118,741 |
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 | $48,713 |
Insurance | $34,270 |
All other expenses | $126,323 |
Total functional expenses | $12,034,924 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $234,569 |
Savings and temporary cash investments | $2,641,250 |
Pledges and grants receivable | $3,418,050 |
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 | $560,661 |
Net Land, buildings, and equipment | $66,681 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,398,406 |
Total assets | $9,319,617 |
Accounts payable and accrued expenses | $465,318 |
Grants payable | $0 |
Deferred revenue | $65,250 |
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 | $1,278,030 |
Total liabilities | $1,808,598 |
Net assets without donor restrictions | $2,658,191 |
Net assets with donor restrictions | $4,852,828 |
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 | $9,319,617 |