Opportunity Charter School
- Assets
- $5.6m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 106
- Location
- New York, NY
- Founding
- 07/2005
- Data as of
- 06/2022
- EIN
- 20-1157094
Organization Overview
Opportunity Charter School is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Opportunity Charter School employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Charter School 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 06/2022, Opportunity Charter School generated $13.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $12.1m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR DESCRIPTION OF THE ORGANIZATION'S MISSIONTHE OPPORTUNITY CHARTER SCHOOL'S PRIMARY MISSION IS TO PROVIDE FREE AND PUBLIC SPECIAL EDUCATION SERVICES TO NEW YORK CITY'S STUDENTS WHILE SIMULTANEOUSLY PROVIDING THE HIGHEST QUALITY EDUCATION TO ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION:- FOR 2021-22, THE OCS SPECIAL EDUCATION GRADUATION RATE WAS 88%, SCORING 26% ABOVE THE LAST AVAILABLE COMPARISON GROUP DATA FROM 2018-19.FOR 2021-22, OCS STUDENTS IN THE LOWEST THIRD CITYWIDE, MOST OF WHOM ARE SPECIAL EDUCATION STUDENTS, ENROLLED IN COLLEGE AT A RATE OF 40%, 6% HIGHER THAN THE LAST AVAILABLE COMPARISON GROUP RATES FOR POSTSECONDARY ENROLLMENT RATE FROM 2018-19.
HIGH SCHOOL:- IN 2021-22, OCS ACHIEVED A FOUR-YEAR GRADUATION RATE OF 87%, SCORING 18% HIGHER THAN THE LAST AVAILABLE COMPARISON GROUP MEASURE FROM 2018-19.- IN 2021-22, OCS ACHIEVED 91% FOR 4-YEAR HIGH SCHOOL PERSISTENCE RATE, SCORING 9% HIGHER THAN THE LAST AVAILABLE COMPARISON GROUP METRIC FROM 2018-19.
MIDDLE SCHOOL:- IN 2021-22, OCS STUDENTS ACHIEVED AN ELA CORE COURSE PASSING RATE OF 84%, MATCHING THE LAST AVAILABLE COMPARISON GROUP PASSING RATE IN 2018-19.- IN 2021-22, OCS CORE COURSE PASSING RATES IN MATH (69%), SCIENCE (90%), AND SOCIAL STUDIES (84%) WERE CONSISTENT WITH SCHOOL RATES AND COMPARISON GROUP METRICS FOR 2018-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Capel Trustee (as Of Feb 2022) | Trustee | 2 | $0 |
Peggy Culver Trustee | Trustee | 2 | $0 |
Tasheem Lomax-Quayenortey Trustee | Trustee | 2 | $0 |
Eric London Trustee | Trustee | 2 | $0 |
Basil Smikle Trustee (as Of Nov 2021) | Trustee | 2 | $0 |
June Smith Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sigma Systems Group Inc Technology Services | 6/29/22 | $126,750 |
Kiwi Partners Inc Accounting Services | 6/29/22 | $117,962 |
Whiteman Osterman & Hanna Lp Legal Services | 6/29/22 | $116,791 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,451,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,457,064 |
| Total Program Service Revenue | $11,564,250 |
| Investment income | $3,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,026,197 |
| 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. | $255,152 |
| Compensation of current officers, directors, key employees. | $12,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,149,172 |
| Pension plan accruals and contributions | $823,433 |
| Other employee benefits | $1,017,043 |
| Payroll taxes | $523,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $162,460 |
| Fees for services: Accounting | $192,262 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $469,301 |
| Advertising and promotion | $10,462 |
| Office expenses | $424,412 |
| Information technology | $117,000 |
| Royalties | $0 |
| Occupancy | $268,435 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $756 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,781 |
| Insurance | $159,229 |
| All other expenses | $0 |
| Total functional expenses | $12,141,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,420 |
| Savings and temporary cash investments | $4,618,942 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $483,313 |
| 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 | $231,437 |
| Net Land, buildings, and equipment | $290,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,641,680 |
| Accounts payable and accrued expenses | $896,504 |
| Grants payable | $0 |
| Deferred revenue | $159,719 |
| 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 | $276,297 |
| Total liabilities | $1,332,520 |
| Net assets without donor restrictions | $4,309,160 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,641,680 |