The New York Opportunity Network Inc
- Assets
- $9.1m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 69
- Location
- New York, NY
- Founding
- 01/2003
- Data as of
- 08/2021
- EIN
- 43-1984494
Organization Overview
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 08/2021, New York Opportunity Network Inc employed 69 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 08/2021, New York Opportunity Network Inc generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $8.0m during the year ending 08/2021. While expenses have increased by 14.0% 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 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) CONNECTS STUDENTS FROM HISTORICALLY AND SYSTEMATICALLY UNDERREPRESENTED COMMUNITIES TO COLLEGE ACCESS AND SUCCESS, INTERNSHIPS, CAREER OPPORTUNITIES, AND PERSONAL AND PROFESSIONAL NETWORKS.DURING OUR 202021 FISCAL YEAR, WE SERVED ~1,010 STUDENTS IN OUR FOUNDING FELLOWS PROGRAM, AN INTENSIVE SIX- TO EIGHT-YEAR EXPERIENCE FOR STUDENTS BEGINNING THE SUMMER AFTER 10TH GRADE THAT CULTIVATES STUDENTS PASSIONS AND SKILLS TO APPLY FOR AND PERSIST THROUGH COLLEGE AND THEN LAUNCH THE CAREERS OF THEIR CHOICE UPON GRADUATION. OPPNET MAINTAINS ITS GROWTH AND IMPACT, AND OUR STUDENTS OUTCOMES REMAIN FAR ABOVE NATIONAL TRENDS: 92% OF OPPNET FELLOWS GRADUATE FROM COLLEGE WITHIN SIX YEARS AND 82% SECURE MEANINGFUL EMPLOYMENT OR GRADUATE SCHOOL ADMISSION WITHIN SIX MONTHS OF COLLEGE GRADUATION. ADDITIONALLY, OPPNET CONTINUES TO DRIVE IMPACT THROUGH OUR NATIONAL CAREER FLUENCY PARTNERSHIPS PROGRAM, WHICH BUILDS CAPACITY FOR SCHOOLS AND YOUTH-SERVING ORGANIZATIONS ACROSS THE COUNTRY LOOKING TO BOOST COLLEGE AND CAREER READINESS IN THEIR YOUNG PEOPLE. THIS PAST YEAR, OPPNET REACHED ~7,900 STUDENTS THROUGH PARTNERSHIPS WITH 44 SCHOOLS AND YOUTH-SERVING ORGANIZATIONS ACROSS 21 CITIES.IN RESPONSE TO THE PANDEMIC AND TO MEET THE GROWING NEED FOR STRONG VIRTUAL COLLEGE AND CAREER PROGRAMMING, OPPNET HAS LAUNCHED A FREE, OPEN-ACCESS ONLINE LEARNING PLATFORM, UNINTERRUPTED, WHICH OFFERS STUDENTS AND EDUCATORS FLEXIBLE COLLEGE AND CAREER READINESS COURSES ANCHORED IN OUR PROPRIETARY CAREER FLUENCY CURRICULUM. OPPNET ALSO PILOTED A NEW INITIATIVE THIS PAST YEAR, OPPORTUNITY IGNITED, AND SERVED AS A LEARNING AND DEVELOPMENT PARTNER WITH PRIVATE EMPLOYERS TO IMPROVE THEIR UNDERSTANDINGS AROUND DIVERSITY, EQUITY, AND INCLUSION AND LEAD A SUSTAINABLE SHIFT TOWARD MORE EQUITABLE AND INCLUSIVE WORKPLACES FOR FIRST-GENERATION COLLEGE STUDENTS AND TALENT OF COLOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ailun Ku President & CEO | Officer | 40 | $225,000 |
Jessica Pliska Co-Founder Hd Ldrshp Giv. | Officer | 40 | $204,541 |
Kierstyn Thayer Chief Advancement Officer | 40 | $177,405 | |
Raimundo Reyes Dir. Of Programs | 40 | $155,353 | |
Lyudmila Ginzburg Dir. Fin. & Admin. | 40 | $130,050 | |
Janine Cibellis Dir. Of Dev. | 40 | $123,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,624,325 |
| Related organizations | $0 |
| Government grants | $1,091,504 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,264,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,980,740 |
| Total Program Service Revenue | $401,000 |
| Investment income | $6,732 |
| 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 | $11,413,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $645,250 |
| Compensation of current officers, directors, key employees. | $117,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,866,631 |
| Pension plan accruals and contributions | $4,900 |
| Other employee benefits | $519,764 |
| Payroll taxes | $360,656 |
| 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 | $980,250 |
| Advertising and promotion | $0 |
| Office expenses | $129,558 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $408,000 |
| Travel | $3,273 |
| 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 | $33,045 |
| Insurance | $27,368 |
| All other expenses | $96,084 |
| Total functional expenses | $8,034,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $924,363 |
| Savings and temporary cash investments | $3,320,628 |
| Pledges and grants receivable | $3,529,105 |
| Accounts receivable, net | $14,380 |
| 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 | $242,768 |
| Net Land, buildings, and equipment | $58,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,039,084 |
| Total assets | $9,128,852 |
| Accounts payable and accrued expenses | $147,839 |
| Grants payable | $0 |
| Deferred revenue | $47,334 |
| 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 | $886,792 |
| Other liabilities | $0 |
| Total liabilities | $1,081,965 |
| Net assets without donor restrictions | $2,535,951 |
| Net assets with donor restrictions | $5,510,936 |
| 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 | $9,128,852 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The New York Opportunity Network Inc has recieved totaling $102,500.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $100,000 |
Arthur And Patricia Hill Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |