Opportunity Project Schools Inc
- Assets
- $13.3m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 174
- Location
- Wichita, KS
- Founding
- Data as of
- 12/2022
- EIN
- 85-3143325
Organization Overview
Opportunity Project Schools Inc is located in Wichita, KS. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Opportunity Project Schools Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Project Schools 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 12/2022, Opportunity Project Schools Inc generated $8.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EARLY CHILDHOOD EDUCATION & DEVELOPMENT, AND OPERATE THREE SCHOOLS THAT DELIVER A HIGH QUALITY EARLY LEARNING EXPERIENCE TO CHILDREN LIVING IN POVERTY AND AT RISK, PROVIDING THEM WITH THE TOOLS NEEDED FOR EMOTIONAL, ACADEMIC AND LIFELONG SUCCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPPORTUNITY PROJECT SCHOOLS, INC OPERATES THREE SCHOOLS WHICH SUPPORT EARLY CHILDHOOD EDUCATION AND EARLY CHILDHOOD DEVELOPMENT GOALS. THE THREE SCHOOLS COMBINED SERVED APPROXIMATELY 500 STUDENTS PER MONTH DURING THE LAST SCHOOL YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Downing President | OfficerTrustee | 5 | $0 |
Paula Downing Secretary | OfficerTrustee | 1 | $0 |
Dan Carney Director | Trustee | 1 | $0 |
David Mitchell Director | Trustee | 1 | $0 |
Gayla Carney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,123,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,002,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,125,979 |
| Total Program Service Revenue | $4,011,480 |
| Investment income | $693,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,198 |
| Net Gain/Loss on Asset Sales | -$236,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,124,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,500 |
| 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 | $3,972,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $453,727 |
| Payroll taxes | $313,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,773 |
| Fees for services: Accounting | $28,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,986 |
| Office expenses | $4,949 |
| Information technology | $116,890 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,253 |
| Insurance | $111,295 |
| All other expenses | $258,820 |
| Total functional expenses | $7,022,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,361,538 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $481,612 |
| 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 | $24,343 |
| Net Land, buildings, and equipment | $6,931,268 |
| Investments—publicly traded securities | $4,456,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,255,750 |
| Accounts payable and accrued expenses | $104,594 |
| Grants payable | $0 |
| Deferred revenue | $259,301 |
| 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 | $199,750 |
| Total liabilities | $563,645 |
| 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 | $12,692,105 |
| Total liabilities and net assets/fund balances | $13,255,750 |
Grants Awarded
Over the last fiscal year, Opportunity Project Schools Inc has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FUNDAMENTAL LEARNING CENTER PURPOSE: DONATION TO CAPITAL CAMPAIGN | $75,000 |
REAL MEN REAL HEROES PURPOSE: PROGRAM CONTRIBUTION | $35,000 |