Golden State Opportunity Foundation
- Assets
- $4.3m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 34
- Location
- San Francisco, CA
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-4325738
Organization Overview
Golden State Opportunity Foundation is located in San Francisco, CA. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Golden State Opportunity Foundation employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden State 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 12/2022, Golden State Opportunity Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 36.7% 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.
Since 2016, Golden State Opportunity Foundation has awarded 172 individual grants totaling $4,721,076. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GOLDEN STATE OPPORTUNITY (GSO) IS A NONPROFIT DEDICATED TO ENDING POVERTY BY PROVIDING ALL CALIFORNIANS WITH THE TOOLS TO BUILD FINANCIAL WELL-BEING AND THRIVE. OUR WORK IS ALONG TWO COMPLEMENTARY TRACKS GETTING PEOPLE THE HELP THEY NEED RIGHT NOW AND BUILDING THE INFRASTRUCTURE TO CHANGE ATTITUDES TOWARD PEOPLE LIVING IN POVERTY AND THE POLICIES THAT KEEP THEM THERE. GSO LEADS COMPREHENSIVE STATEWIDE CAMPAIGNS TO HELP FAMILIES ACCESS TAX CREDITS AND PUBLIC BENEFITS, ACHIEVE FINANCIAL STABILITY, AND PLAN FOR THE FUTURE THROUGH PROGRAMS THAT UPLIFT LOW-INCOME CALIFORNIANS. OUR COMMUNITY OF WORKING FAMILIES IS LEADING THE CHARGE FOR PUBLIC POLICIES THAT END POVERTY IN CALIFORNIA. GSO WONT STOP PUSHING FOR SYSTEMIC CHANGE UNTIL EVERYONE CAN EASILY ACCESS THE RESOURCES THEY NEED TO MEET THEIR BASIC NEEDS AND TRANSFORM THEIR LIVES WITH FINANCIAL STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GSO'S SIGNATURE PROGRAM IS A STATEWIDE OUTREACH CAMPAIGN CALLED CALEITC4ME TO ENCOURAGE LOW-INCOME CALIFORNIANS TO CLAIM THE STATE'S EARNED INCOME TAX CREDIT AS WELL AS THE FEDERAL EARNED INCOME TAX CREDIT. FEDERAL AND STATE EARNED INCOME TAX CREDITS, WHICH INCENTIVIZE AND REWARD WORK, ARE THE MOST IMPORTANT POVERTY REDUCTION PROGRAMS IN EXISTENCE. THE EARNED INCOME TAX CREDIT AND CHILD TAX CREDIT HAVE REDUCED POVERTY BY AN ESTIMATED 3.2 PERCENTAGE POINTS, AND HAVE DECREASED POVERTY RATES FOR CHILDREN BY A FULL 6 PERCENTAGE POINTS FROM 31.1 PERCENT TO 25.1 PERCENT. DESPITE THE EFFORTS OF THESE PROGRAMS, A LARGE NUMBER OF CALIFORNIANS REMAIN IN POVERTY, MANY UNAWARE OF THE RESOURCES AVAILABLE TO THEM. PROMOTING GREATER PARTICIPATION IN EXISTING PROGRAMS AND ENCOURAGING NEW, INNOVATIVE APPROACHES TO FIGHTING CAUSES OF POVERTY WOULD LEAD TO DRASTIC IMPROVEMENTS IN THE STANDARD OF LIVING FOR MANY LOW INCOME FAMILIES STRUGGLING TO GET BY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Everitt President | OfficerTrustee | 40 | $260,138 |
Esperanza Greenwood Communications & Marketing Director | 40 | $160,000 | |
Sabrina DE Santiago Policy & Research Director | 40 | $170,000 | |
Carmen Chang Organizing Director | 40 | $140,000 | |
Aryeh Breakstone Development Dir | 40 | $137,500 | |
Daniel Vasquez Operations Dir | 40 | $128,246 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patronage Website & Data Infrastruc | 12/30/22 | $166,800 |
Texas Tool Belt Llc Data & Analytics Consult | 12/30/22 | $241,170 |
Crossroads Consulting Inc Consulting & Prof Dev | 12/30/22 | $120,217 |
Fraser Communication Online Comm & Research | 12/30/22 | $2,473,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,955,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,921,781 |
| Noncash contributions included in lines 1a–1f | $25,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,877,006 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $8,889,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,172,700 |
| 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. | $942,253 |
| Compensation of current officers, directors, key employees. | $139,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,237,749 |
| Pension plan accruals and contributions | $11,458 |
| Other employee benefits | $152,402 |
| Payroll taxes | $156,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,787 |
| Fees for services: Accounting | $69,354 |
| Fees for services: Lobbying | $135,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $612,195 |
| Advertising and promotion | $2,171,390 |
| Office expenses | $75,870 |
| Information technology | $64,252 |
| Royalties | $0 |
| Occupancy | $78,629 |
| Travel | $46,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,782 |
| Interest | $95,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,978 |
| All other expenses | $0 |
| Total functional expenses | $7,098,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,740,145 |
| 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 | $1,075,884 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,839 |
| Total assets | $4,253,037 |
| Accounts payable and accrued expenses | $219,955 |
| Grants payable | $0 |
| Deferred revenue | $1,000,000 |
| 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 | $400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,619,955 |
| Net assets without donor restrictions | $244,843 |
| Net assets with donor restrictions | $2,388,239 |
| 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 | $4,253,037 |
Grants Awarded
Over the last fiscal year, Golden State Opportunity Foundation has awarded $1,157,200 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ANTELOPE VALLEY PARTNERS PURPOSE: CalEITC4Me CAMPAIGN | $24,000 |
ASIAN YOUTH CENTER PURPOSE: CalEITC4Me CAMPAIGN | $18,000 |
BARRIO ACTION YOUTH CENTER PURPOSE: CalEITC4Me CAMPAIGN | $81,000 |
BLACK WOMEN FOR WELLNESS PURPOSE: CalEITC4Me CAMPAIGN | $7,200 |
BRESEE FOUNDATION PURPOSE: CalEITC4Me CAMPAIGN | $18,000 |
CENTRAL CITY NBHD PARTNERS PURPOSE: CalEITC4Me CAMPAIGN | $72,000 |