Opportunity At Work Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Opportunity At Work Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity At Work 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 12/2023, Opportunity At Work Inc generated $28.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.5% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITY@WORK'S MISSION IS TO REWIRE THE U.S. LABOR MARKET SO THAT ALL INDIVIDUALS WHO ARE SKILLED THROUGH ALTERNATIVE ROUTES (STARS) - INSTEAD OF A BACHELOR'S DEGREE - CAN WORK, LEARN, AND EARN TO THEIR FULL POTENTIAL. OPPORTUNITY@WORK USES A DATA-DRIVEN STRATEGY FOCUSED ON BOTH SUPPLY AND DEMAND TO ACHIEVE GREATER ECONOMIC MOBILITY AND RACIAL EQUITY ON BEHALF OF STARS. OUR OVERALL STRATEGY IS FOCUSED ON TWO INTERLOCKING PILLARS: (1) CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND FOR STARS AND (2) CATALYZING VITAL DATA, ANALYTICS, AND TECHNOLOGY INFRASTRUCTURE FOR STARS HIRING INTO MIDDLE- AND HIGH-WAGE JOBS AT SCALE. (CONTINUED ON SCHEDULE O)CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND FOR STARS: OPPORTUNITY@WORK LEVERAGES OUR FOUNDATIONAL RESEARCH, INSIGHTS, AND ANALYTICS TO POWER A MOVEMENT TO ESTABLISH STARS, WHO GAIN THEIR SKILLS THROUGH PATHS LIKE MILITARY SERVICE, CERTIFICATE PROGRAMS, COMMUNITY COLLEGE, AND ON-THE-JOB-LEARNING, AS A CRUCIAL SKILLED TALENT POOL FOR MIDDLE- AND HIGH-WAGE JOBS. OPPORTUNITY@WORK INCREASES AWARENESS OF STARS AS SKILLED WORKERS, CHAMPIONS SKILLS-BASED HIRING, AND ENLISTS EMPLOYERS, PUBLIC SECTOR, AND WORKFORCE PARTNERS TO TAKE ACTION THROUGH THE NATIONAL TEAR THE PAPER CEILING COALITION WITH 50+ CORPORATE AND WORKFORCE PARTNERS, WELL-GROUNDED IN OUR STARS INSIGHTS AND ANALYTICS, & STARS RESEARCH NETWORK , AND THE STARS PUBLIC SECTOR HUB. CATALYZING VITAL DATA AND TECHNOLOGY INFRASTRUCTURE FOR STARS HIRING INTO MIDDLE- AND HIGH-WAGE JOBS AT SCALE: STARS ARE OFTEN "SCREENED OUT" BY TRADITIONAL JOB SEARCH TOOLS AND METHODS; OPPORTUNITY@WORK AND OUR COALITION ARE BUILDING A FUNDAMENTAL "INFRASTRUCTURE FOR INCLUSION" TO IMPROVE STARS HIRING OUTCOMES AND SKILLS-BASED UPWARD MOBILITY. WE'VE CREATED A "ONE-STOP SHOP" ENABLING EMPLOYERS TO SOURCE STARS TALENT BASED ON CREDIBLE SIGNALS. WE'VE ALSO BUILT A NETWORK GATEWAY APPLICATION INTEGRATION (API) LAYER TO ENABLE BOTH ESTABLISHED AND EMERGING HR, TALENT, AND JOB TECHNOLOGY PLATFORMS, PRODUCTS, AND COMMUNITIES TO INTERCONNECT, LINKING EMPLOYERS, TALENT DEVELOPERS, AND STARS TO MATCH SUPPLY AND DEMAND OF OVERLOOKED TALENT BASED ON STARS' SKILLS AND GOOD JOBS THAT US INDUSTRY NEEDS TO FILL. OUR STARS MOBILITY DATA MODEL POWERS TOOLS FOR EMPLOYERS TO INCLUDE STARS IN THEIR WORKFORCE STRATEGIES AND TALENT-SOURCING ACTIVITIES EFFECTIVELY, SUCH AS THE STELLARSIGHT STARS STRATEGY DASHBOARD.IN THE NEXT DECADE, OPPORTUNITY@WORK AIMS TO ENABLE AT LEAST 1 MILLION WORKING ADULTS IN AMERICA TO TRANSLATE THEIR LEARNING INTO EARNING GENERATING A $20 BILLION BOOST IN ANNUAL EARNINGS. BY CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND AND CATALYZING VITAL DATA AND TECHNOLOGY INFRASTRUCTURE, OPPORTUNITY@WORK AIMS TO ACCELERATE THE HIRING OF THE 70M+ WORKERS WHO ARE STARS INTO CAREER PATHWAY MIDDLE-WAGE JOBS AND IN DOING SO, WILL CATALYZE THE REWIRING OF THE U.S. LABOR MARKET SO IT WORKS FOR ALL WORKERS, NO MATTER HOW THEY HAVE DEVELOPED THEIR SKILLS. TOGETHER WITH PARTNERS, WE'RE PILOTING NEW FLEXIBLE FINANCING MODELS FOR STARS TO HELP REMOVE UP-FRONT COST BARRIERS AND REDUCE THE RISK OF INVESTING IN TRAINING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Byron G Auguste Board Director, CEO And Co-Founder | OfficerTrustee | 60 | $317,018 |
Reid Hoffman Board Director/chair | Trustee | 1 | $0 |
Anne-Marie Slaughter Board Director/treasurer | OfficerTrustee | 1 | $0 |
Karan Chopra Board Director | Trustee | 1 | $0 |
Rhonda Morris Board Director | Trustee | 1 | $0 |
Brian M Rhodes Secretary | Officer | 50 | $214,538 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Advertising Council Inc Communications Support | 12/30/23 | $1,447,306 |
Briteris It Engineering | 12/30/23 | $768,993 |
Resolvit Resources It Engineering | 12/30/23 | $649,194 |
Codenoise Inc It Engineering | 12/30/23 | $475,000 |
Nt Consult It Engineering | 12/30/23 | $453,802 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $28,265,925 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $28,265,925 |
Total Program Service Revenue | $25,608 |
Investment income | $101,897 |
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 | $28,397,531 |
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. | $3,847,308 |
Compensation of current officers, directors, key employees. | $1,262,416 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,368,312 |
Pension plan accruals and contributions | $350,388 |
Other employee benefits | $666,654 |
Payroll taxes | $976,063 |
Fees for services: Management | $0 |
Fees for services: Legal | $45,833 |
Fees for services: Accounting | $94,575 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,742,265 |
Advertising and promotion | $38,676 |
Office expenses | $202,057 |
Information technology | $926,604 |
Royalties | $0 |
Occupancy | $278,226 |
Travel | $214,941 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $260,591 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $33,673 |
Insurance | $64,504 |
All other expenses | $22,952 |
Total functional expenses | $21,392,109 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,233,599 |
Savings and temporary cash investments | $6,703,673 |
Pledges and grants receivable | $10,063,802 |
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 | $365,392 |
Net Land, buildings, and equipment | $5,791,972 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $954,056 |
Total assets | $25,112,494 |
Accounts payable and accrued expenses | $645,686 |
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 | $48,400 |
Other liabilities | $1,047,492 |
Total liabilities | $1,741,578 |
Net assets without donor restrictions | $3,548,964 |
Net assets with donor restrictions | $19,821,952 |
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 | $25,112,494 |