Opportunity School Inc
- Assets
- $8.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 71
- Location
- Amarillo, TX
- Founding
- 01/1972
- Data as of
- 06/2022
- EIN
- 75-1360968
Organization Overview
Opportunity School Inc is located in Amarillo, TX. The organization was established in 1972. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Opportunity School Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity School 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 06/2022, Opportunity School Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 23.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH HIGH-QUALITY EARLY CHILDHOOD EDUCATION (YEARS 0-5) AND CARING FAMILY SUPPORT, OPPORTUNITY SCHOOL EQUIPS LOW-INCOME CHILDREN AND THEIR FAMILIES TO SUCCEED IN SCHOOL AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL WAS CREATED IN 1969 BY VOLUNTEERS TO ADDRESS A COMMUNITY NEED - CHILDREN WHO LACKED BASIC LEARNING SKILLS AND EXPERIENCES ENTERED SCHOOL UNPREPARED FOR ACADEMIC ACHIEVEMENT, AND MANY NEVER CAUGHT UP TO THEIR PEERS. THE SCHOOL HAS PROVIDED NEARLY 3,800 YOUNG CHILDREN WITH EXCELLENT EARLY EDUCATION AND SUPPORT. THE TWO CAMPUSES ASSISTS WORKING FAMILIES BY OFFERING A FULL-DAY, YEAR-ROUND LEARNING AND CARE PROGRAM FOR CHILDREN OF LOW-INCOME FAMILIES. NURTURE AND EDUCATION AT EACH AGE LEVEL FOCUS ON CHILDREN'S DEVELOPMENTAL NEEDS, AND BUILDS ON A CONTINUIM OF LEARNING. TEACHERS CONDUCT 1 HOME/PARENT VISIT EACH MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Goodrich Jill Executive Di | Officer | 40 | $82,499 |
Webb Lesley Program Dire | Officer | 40 | $66,974 |
Hall Brett Vice Preside | OfficerTrustee | $0 | |
Hawkins Caroline Treasurer | OfficerTrustee | $0 | |
Bruckner Randi Secretary | OfficerTrustee | $0 | |
Kommavongssa Petra Presdient | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kelly Wood Company Construction | 6/29/21 | $2,015,632 |
Playa Design Studio Architect | 6/29/21 | $103,547 |
Kelly Wood Company Construction | 6/29/21 | $2,015,632 |
Playa Design Studio Architect | 6/29/21 | $103,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,400 |
| Related organizations | $0 |
| Government grants | $404,577 |
| All other contributions, gifts, grants, and similar amounts not included above | $511,288 |
| Noncash contributions included in lines 1a–1f | $16,404 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $926,265 |
| Total Program Service Revenue | $1,535,076 |
| Investment income | $61,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,984 |
| Net Income from Fundraising Events | $3,941 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,608,273 |
| 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. | $171,199 |
| Compensation of current officers, directors, key employees. | $48,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,449,122 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $170,790 |
| Payroll taxes | $124,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,608 |
| Fees for services: Accounting | $38,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,899 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $12,046 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,473 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,812 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,554 |
| Insurance | $34,815 |
| All other expenses | $58,963 |
| Total functional expenses | $2,599,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $671,001 |
| Pledges and grants receivable | $43,150 |
| Accounts receivable, net | $441,913 |
| 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 | $5,264 |
| Net Land, buildings, and equipment | $4,155,938 |
| Investments—publicly traded securities | $1,332,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,875,509 |
| Total assets | $8,525,113 |
| Accounts payable and accrued expenses | $132,188 |
| Grants payable | $0 |
| Deferred revenue | $132,305 |
| 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 | $264,493 |
| Net assets without donor restrictions | $5,829,714 |
| Net assets with donor restrictions | $2,430,906 |
| 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 | $8,525,113 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Opportunity School Inc has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Ned O And Linda Miller Charitable Trust Amarillo, TX PURPOSE: PROGRAM SUPPORT | $6,000 |
William O & Louise H Mullins Foundation Trust Amarillo, TX PURPOSE: UNRESTRICTED OPERATING | $2,500 |
Bruckner Family Foundation Inc Amarillo, TX PURPOSE: PROGRAMS | $500 |
Endowment Analysis
| Beg. Balance | $2,310,999 |
| Earnings | -$370,936 |
| Other Expense | $77,230 |
| Ending Balance | $1,862,833 |
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