Equality Of Opportunity Foundation Inc is located in Cambridge, MA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equality Of Opportunity Foundation 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 06/2023, Equality Of Opportunity Foundation Inc generated $1.0m in total revenue. All expenses for the organization totaled $185.6k during the year ending 06/2023. While expenses have increased by 175.0% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATCHMAKING FOR STUDENTS AND SCHOOLS. THIS INVOLVED PROVIDING SERVICES TO MATCH INNERCITY STUDENTS TO ELITE INDEPENDENT SCHOOLS IN THE GREATER BOSTON AREA. LIAISING WITH FAMILIES AND ADMISSIONS DIRECTORS AND HOSTING ADMISSIONS EVENTS. FOR EXAMPLE, THE FOUNDATION HOSTED EVENTS BETWEEN FAMILIES WHO ATTEND EARLY CHILDHOOD CENTERS IN ROXBURY, DORCHESTER, AND MATTAPAN, AND ADMISSIONS COORDINATORS FROM ELITE INDEPENDENT SCHOOLS IN CAMBRIDGE, LEXINGTON, AND WESTON. THE FOUNDATION THEN ASSISTED FAMILIES IN THE APPLICATION PROCESS AND USED DATA FROM THE SCHOOLS AND DISTRICTS ACROSS THE AREA TO ENSURE THE MATCHES WERE AS RIGOROUS AS POSSIBLE. EXPENSES ASSOCIATED WITH THESE ACTIVITIES INCLUDED MODEST TRAVEL EXPENSES, SPACE TO HOST EVENTS, AND STAFF TIME TO ANALYZE DATA AND INTERFACE WITH FAMILIES AND ADMISSIONS PERSONNEL.
DATA COLLECTION AND ANALYSIS. THE FOUNDATION COLLECTED AND ANALYZIZED DATA FROM SCHOOLS, SCHOOL DISTRICTS, AND NON-PROFIT ORGANIZATIONS IN ORDER TO FORGE THE RIGOROUS MATCHES DESCRIBED ABOVE. FOR EXAMPLE, THE FOUNDATION COLLECTED AND ANALYZIZED ADMISSIONS DATA FROM AN INDEPENDENT SCHOOL IN THE BOSTON AREA AND SHARED THE RESULTS WITH FAMILIES WHO WERE INTERESTED IN ATTENDING THE SCHOOL.
MORE BROADLY, IN ORDER TO CALL ATTENTION TO THE BREADTH AND DEPTH OF RACIAL INEQUALITY IN AMERICA, THE FOUNDATION COLLECTED NATIONAL DATA AND REGULARLY RELEASED TO THE PUBLIC REPORTS THAT SHOWED A WIDE SWATH OF INDICATORS IN AN EASILY DIGESTIBLE FORM. FOR EXAMPLE, THE FOUNDATION RELEASED A REPORT THAT DISTILLED RECENT SCHOLARSHIPS ON THE ATTRIBUTES THAT ARE MOST HIGHLY CORRELATED WITH ESCAPING POVERTY. EXPENSES ASSOCIATED WITH THESE ACTIVITIES INCLUDED TRAVEL EXPENSES AS WELL AS LICENSING FEES FOR THE USE OF DATA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Roland G Fryer See Stmt 10 President/dir | 20 | $125,000 | |
Nancy B Cyr See Stmt 10 Treasurer/cfo | 2 | $6,500 | |
Bradley Allan Clerk | 2 | $0 | |
Maximilian D Stone Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $1,000,000 |
Interest on Savings | $187 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $5,155 |
Total Revenue | $1,005,342 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $125,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $14,839 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $2,216 |
Total operating and administrative expenses | $185,572 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $185,572 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $119,493 |
Savings and temporary cash investments | $2,159,726 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $2,279,219 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |