Operation Opportunity Foundation
- Assets
- $11.2m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 64
- Location
- Washington, DC
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 45-2745669
Organization Overview
Operation Opportunity Foundation, operating under the name Warrior-Scholar Project, is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Warrior-Scholar Project employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warrior-Scholar Project 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, Warrior-Scholar Project generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $4.3m during the year ending 12/2022. While expenses have increased by 21.1% per year over the past 5 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
OUR MISSION IS TO EMPOWER ENLISTED VETERANS AND SERVICE MEMBERS AND AMPLIFY THEIR VOICES AS CIVIC LEADERS BY PROVIDING THEM WITH (1) A SKILL BRIDGE THAT ENABLES A SUCCESSFUL TRANSITION TO THE CLASSROOM BY MAKING THEM INFORMED CONSUMERS OF HIGHER EDUCATION AND INCREASING THEIR CONFIDENCE TO APPLY TO AND COMPLETE RIGOROUS DEGREE PROGRAMS AT TOP-TIER INSTITUTIONS, AND (2) SUSTAINED SUPPORT THROUGHOUT THEIR PURSUIT OF HIGHER EDUCATION AND INTO THE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, WARRIOR-SCHOLAR PROJECT COLLABORATED WITH 25 HIGHER EDUCATION PARTNERS TO PROVIDE ONE-WEEK COLLEGE PREPARATORY ACADEMIC BOOT CAMPS AND ONE-DAY COMMUNITY COLLEGE WORKSHOPS TO TRANSITIONING SERVICE MEMBERS AND VETERANS. BOOT CAMP PROGRAMMING SERVED 329 UNIQUE INDIVIDUALS AND 28 UNIQUE INDIVIDUALS WERE SERVED THROUGH COMMUNITY COLLEGE WORKSHOPS. WARRIOR- SCHOLAR PROJECT OPERATED 39 WEEKS OF ACADEMIC BOOT CAMP PROGRAMMING, 37 IN THE SUMMER (INCLUDING ONE VIRTUAL BOOT CAMP), AND 2 WEEKS OF VIRTUAL PROGRAMMING IN DECEMBER, AS WELL AS 10 SINGLE-DAY COMMUNITY COLLEGE WORKSHOPS. 585 BOOT CAMP PROGRAM SLOTS WERE PROVIDED AS FOLLOWS: 360 FOR HUMANITIES-FOCUSED BOOT CAMPS; 165 FOR STEM-FOCUSED BOOT CAMPS; AND 60 FOR BUSINESS & ENTREPRENEURSHIP-FOCUSED BOOT CAMPS. WARRIOR-SCHOLAR PROJECT'S PROGRAMMING COVERED STUDY SKILLS, SOFT SKILLS, AND CULTURAL INTEGRATION / SELF-CARE ISSUES. PARTICIPANTS RECEIVED THE EDUCATIONAL SUPPORT, SKILLS TRAINING, AND ACADEMIC CONFIDENCE TO MAKE INFORMED DECISIONS ABOUT HOW, WHEN, AND WHERE THEY WILL UTILIZE THEIR POST-9/11 GI BILL BENEFITS. ALL PROGRAMMING WAS DELIVERED AT NO COST TO PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark London Chairman & P | OfficerTrustee | 15 | $0 |
Nick Rugoff Dir, Cofo, & | OfficerTrustee | 2 | $0 |
Frank Brosens Director & T | OfficerTrustee | 2 | $0 |
Michael Fotos Director & S | OfficerTrustee | 5 | $0 |
Jesse Reising Director & C | Trustee | 10 | $0 |
Ryan Pavel CEO | Officer | 40 | $149,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $641,423 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,473,543 |
| Noncash contributions included in lines 1a–1f | $294,305 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,114,966 |
| Total Program Service Revenue | $0 |
| Investment income | $148,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$510,684 |
| Net Income from Fundraising Events | -$11,820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,741,323 |
| 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. | $157,500 |
| Compensation of current officers, directors, key employees. | $63,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,967,753 |
| Pension plan accruals and contributions | $19,057 |
| Other employee benefits | $111,867 |
| Payroll taxes | $189,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,895 |
| Advertising and promotion | $120,738 |
| Office expenses | $42,299 |
| Information technology | $98,012 |
| Royalties | $0 |
| Occupancy | $17,400 |
| Travel | $395,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,672 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,875 |
| All other expenses | $21,267 |
| Total functional expenses | $4,341,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,763 |
| Savings and temporary cash investments | $7,004,065 |
| Pledges and grants receivable | $500,000 |
| 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 | $37,987 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,476,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,174,983 |
| Accounts payable and accrued expenses | $73,323 |
| Grants payable | $0 |
| Deferred revenue | $7,500 |
| 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 | $80,823 |
| Net assets without donor restrictions | $10,353,376 |
| Net assets with donor restrictions | $740,784 |
| 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 | $11,174,983 |