Western Opportunity Fund
- Assets
- $59.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-0796107
Organization Overview
Western Opportunity Fund is located in Denver, CO. 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. Western Opportunity Fund 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 12/2021, Western Opportunity Fund generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.8%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTERN OPPORTUNITY FUND (THE "FOUNDATION") HAS CONSTRUCTED THE PAUL M. RADY SCHOOL OF COMPUTER SCIENCE AND ENGINEERING BUILDING (THE "BUILDING") LOCATED ON THE CAMPUS OF WESTERN COLORADO UNIVERSITY (THE "UNIVERSITY") IN GUNNISON, COLORADO. THE BUILDING IS A 75,000 SQUARE FOOT AND LEED CERTIFIED BUILDING WITH VERSATILE TEACHING AND LAB SPACES ALONG WITH INDOOR AND OUTDOOR LEARNING AREAS. THE UNIVERSITY WILL USE THE BUILDING TO EDUCATE STUDENTS WHERE THEY WILL BE ABLE TO OBTAIN DEGREES IN COMPUTER SCIENCE AND MECHANICAL ENGINEERING.
THROUGH PROJECT LEO, WESTERN OPPORTUNITY FUND ASSISTS WESTERN COLORADO UNIVERSITY WITH RECRUITMENT OF BOTH FACULTY AND STUDENTS TO THE PAUL M. RADY SCHOOL OF COMPUTER SCIENCE AND ENGINEERING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul M Rady Director, President, Treas | 1 | $0 | |
J Kent Nossaman Jr Vice President, Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blennd Llc | 12/30/21 | $553,076 |
Mesa Properties | 12/30/21 | $300,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $90 |
| 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 | $5,000,090 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,492,445 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,059,004 |
| Contributions, gifts, grants paid | $360,511 |
| Total expenses and disbursements | $2,419,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,542,217 |
| Savings and temporary cash investments | $0 |
| 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 | $58,205,353 |
| Other assets | $0 |
| Total assets | $59,747,570 |
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Opportunity Fund has recieved totaling $5,000,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
North Valley Christian Academy Phoenix, AZ | $21,880,412 | $8,715,772 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |