Cleveland Opportunity Foundation
- Assets
- $81.5k
- Revenue
- $134.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- Data as of
- 06/2024
- EIN
- 85-1701615
Organization Overview
Cleveland Opportunity Foundation is located in Spartanburg, SC. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Cleveland Opportunity Foundation 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 06/2024, Cleveland Opportunity Foundation generated $134.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $158.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CLEVELAND OPPORTUNITY FOUNDATION IS TO ENSURE THAT ALL STUDENTS AT THE CLEVELAND ACADEMY OF LEADERSHIP HAVE ACCESS TO HIGH QUALITY ACADEMIC AND EXTRA-CURRICULAR PROGRAMS THAT ENSURE THEY REACH THEIR HIGHEST POTENTIAL AND BECOME SUCCESSFUL AND PRODUCTIVE MEMBERS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINDERGARTEN OUTDOOR LEARNING SPACE. THE CLEVELAND OPPORTUNITY FOUNDATION CONTINUED ITS WORK TO IMPLEMENT AN OUTDOOR LEARNING SPACE FOR THE KINDERGARTEN STUDENTS AT THE CLEVELAND ACADEMY. THEY LAID A RUBBER BIKE PATH AND IMPLEMENTED PLAY EQUIPMENT, AN OUTDOOR CLASSROOM, BENCHES AND SHADES.THIS SPACE WILL SERVE 75-100 KINDERGARTNERS EACH YEAR WITH THE GOAL OF INCREASING FINE MOTOR SKILLS AND SOCIAL-EMOTIONAL SKILLS THROUGH CREATIVE AND IMAGINARY PLAY.
RAISING A READER. THE RED BOOK BAG PROGRAM FROM THE NATIONAL ORGANIZATION "RAISING A READER" WAS IMPLEMENTED INTO ALL OF OUR KINDERGARTEN CLASSROOMS. THIS PROGRAM ENCOURAGES MULTI-GENERATIONAL LITERACY AND PARENT INVOLVEMENT. EACH KINDERGARTNER TAKES HOME 3 NEW BOOKS EACH WEEK TO SHARE WITH THEIR FAMILY. WHEN THEY RETURN THOSE 3 BOOKS AT THE END OF THE WEEK, THEY RECEIVE 3 MORE FOR THE FOLLOWING WEEK. IT HAS BEEN A WONDERFUL PROGRAM FOR OUR EMERGING READERS AND ENABLED ACCESS TO BOOKS FOR OUR FAMILIES LIVING IN POVERTY. 75-100 FAMILIES ARE SERVED THROUGH THE PROGRAM EACH YEAR.
AFTER-SCHOOL WIN PROGRAM. IN ORDER TO ENSURE OUR 3RD AND 5TH GRADERS WERE FULLY PREPARED FOR STATE TESTING AND ASSISTANCE WITH MASTERY OF THE 3RD AND 5TH GRADE STANDARDS, AN AFTER-SCHOOL PROGRAM CALLED "WIN" WAS IMPLEMENTED. THIS WAS DESIGNED TO SUPPORT 3RD AND 5TH GRADE STUDENTS STRUGGLING IN READING AND MATH. THE CLEVELAND OPPORTUNITY FOUNDATION PAID TEACHERS TO WORK WITH STUDENTS EVERYDAY AFTER SCHOOL THROUGH THE WIN PROGRAM. THE GOAL IS TO ENSURE ALL 3RD GRADERS MEET LITERACY REQUIREMENTS TO ADVANCE TO 4TH GRADE AND THAT OUR 5TH GRADERS ARE MORE THAN PREPARED FOR MIDDLE SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Faris Secretary | OfficerTrustee | 0 | $0 |
Marcos Gomez Treasurer | OfficerTrustee | 0 | $0 |
Mary Elizabeth Evans Director | Trustee | 0 | $0 |
Jessica Holcomb Director | Trustee | 0 | $0 |
Molly Colbath Chair | OfficerTrustee | 0 | $0 |
Tony Thomas Director | Trustee | 0 | $0 |
Financial Statements
| 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 | $97,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,088 |
| Total Program Service Revenue | $23,689 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,599 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $80 |
| Office expenses | $240 |
| Information technology | $2,568 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $750 |
| All other expenses | $11,533 |
| Total functional expenses | $158,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,466 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $81,466 |
| Total liabilities and net assets/fund balances | $81,466 |