Operation Opportunity Foundation
- Assets
- $8.8m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 55
- Location
- Washington, DC
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 45-2745669
Organization Overview
Operation Opportunity Foundation, operating under the name Warrior-Scholar Project, is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Warrior-Scholar Project employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warrior-Scholar Project 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, Warrior-Scholar Project generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 12.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EMPOWER ENLISTED VETERANS AND SERVICE MEMBERS AND AMPLIFY THEIR VOICES AS CIVIC LEADERS BY PROVIDING THEM WITH (1) A SKILL BRIDGE THAT ENABLES A SUCCESSFUL TRANSITION TO THE CLASSROOM BY MAKING THEM INFORMED CONSUMERS OF HIGHER EDUCATION AND INCREASING THEIR CONFIDENCE TO APPLY TO AND COMPLETE RIGOROUS DEGREE PROGRAMS AT TOP-TIER INSTITUTIONS, AND (2) SUSTAINED SUPPORT THROUGHOUT THEIR PURSUIT OF HIGHER EDUCATION AND INTO THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WARRIOR-SCHOLAR PROJECT COLLABORATED WITH 22 HIGHER EDUCATION PARTNERS TO PROVIDE ONE-WEEK COLLEGE PREPARATORY ACADEMIC BOOT CAMPS AND ONE-DAY COMMUNITY COLLEGE WORKSHOPS TO TRANSITIONING SERVICE MEMBERS AND VETERANS. BOOT CAMP PROGRAMMING SERVED 302 UNIQUE INDIVIDUALS AND 55 UNIQUE INDIVIDUALS WERE SERVED THROUGH COMMUNITY COLLEGE WORKSHOPS. WARRIOR- SCHOLAR PROJECT OPERATED 35 WEEKS OF ACADEMIC BOOT CAMP PROGRAMMING, 32 IN THE SUMMER, 1 WEEK IN NOVEMBER, AND 2 WEEKS IN DECEMBER, AS WELL AS 10 SINGLE-DAY COMMUNITY COLLEGE WORKSHOPS. 410 BOOT CAMP PROGRAM SLOTS WERE PROVIDED AS FOLLOWS: 265FOR HUMANITIES-FOCUSED BOOT CAMPS; 109 FOR STEM- FOCUSED BOOT CAMPS; AND 36FOR BUSINESS & ENTREPRENEURSHIP-FOCUSED BOOT CAMPS. WARRIOR-SCHOLAR PROJECT'S PROGRAMMING COVERED STUDY SKILLS, SOFT SKILLS, AND CULTURAL INTEGRATION / SELF-CARE ISSUES. PARTICIPANTS RECEIVED THE EDUCATIONAL SUPPORT, SKILLS TRAINING, AND ACADEMIC CONFIDENCE TO MAKE INFORMED DECISIONS ABOUT HOW, WHEN, AND WHERE THEY WILL UTILIZE THEIR POST-9/11 GI BILL BENEFITS. ALL PROGRAMMING WAS DELIVERED AT NO COST TO PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Pavel CEO | Officer | 40 | $140,108 |
Michael Fotos Director & S | OfficerTrustee | 5 | $0 |
Nick Rugoff Dir, Cofo, & | OfficerTrustee | 5 | $0 |
Mark London Chairman & P | OfficerTrustee | 15 | $0 |
Frank Brosens Director & T | OfficerTrustee | 2 | $0 |
Jesse Reising Director & C | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,823,941 |
| Noncash contributions included in lines 1a–1f | $239,520 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,078,941 |
| Total Program Service Revenue | $0 |
| Investment income | $69,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,151,688 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,503,851 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,851 |
| Payroll taxes | $152,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $340 |
| Fees for services: Accounting | $67,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,014 |
| Advertising and promotion | $26,880 |
| Office expenses | $34,536 |
| Information technology | $65,028 |
| Royalties | $0 |
| Occupancy | $17,550 |
| Travel | $66,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $315 |
| Interest | -$1,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,316 |
| All other expenses | $31,541 |
| Total functional expenses | $2,657,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,204,981 |
| Savings and temporary cash investments | $440,328 |
| Pledges and grants receivable | $2,292,850 |
| 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 | $26,304 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,853,450 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,817,913 |
| Accounts payable and accrued expenses | $42,374 |
| 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 | $0 |
| Total liabilities | $42,374 |
| Net assets without donor restrictions | $6,514,602 |
| Net assets with donor restrictions | $2,260,937 |
| 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 | $8,817,913 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Operation Opportunity Foundation has recieved totaling $2,136,000.
| Awarding Organization | Amount |
|---|---|
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: CAPACITY-BUILDING SUPPORT OF COLLEGE PREPARATORY PROGRAMS | $1,100,000 |
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: CAPACITY-BUILDING SUPPORT OF COLLEGE PREPARATORY PROGRAMS | $1,000,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $25,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |