Equality Of Opportunity Foundation Inc
- Assets
- $1.8m
- Revenue
- $1.0m
- Investments
- $55.5k
- Employees
- 0
- Location
- Needham, MA
- Founding
- 05/2019
- Data as of
- 06/2021
- EIN
- 82-4705874
Organization Overview
Equality Of Opportunity Foundation Inc is located in Needham, 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 06/2021, Equality Of Opportunity Foundation Inc generated $1.0m in total revenue. All expenses for the organization totaled $290.6k during the year ending 06/2021. While expenses have increased by 846.6% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roland G Fryer Director | 0 | $0 | |
Nancy B Cyr Treasurer | 2 | $4,000 | |
Bradley Allan Clerk | 0 | $0 | |
Maximilian D Stone Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $356 |
| 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 | $0 |
| Total Revenue | $1,000,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,000 |
| Other employee salaries and wages | $120,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,503 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,295 |
| Printing and publications | $0 |
| Other expenses | $7,789 |
| Total operating and administrative expenses | $270,587 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $290,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,852 |
| Savings and temporary cash investments | $1,559,416 |
| 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 | $55,510 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,846,778 |
| 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 | $49,169 |
| Other liabilities | $250,000 |
| Total liabilities | $299,169 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Equality Of Opportunity Foundation Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
President And Fellows Of Harvard College Cambridge, MA PURPOSE: DAF DISTRIBUTION/CHARITABLE CONTRIBUTIONS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |