Equality Of Opportunity Foundation Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Roland G Fryer See Stmt 10
President/dir
$125,000
Nancy B Cyr See Stmt 10
Treasurer/cfo
$6,500
Bradley Allan
Clerk
$0
Maximilian D Stone
Director
$0

Financial Statements

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

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