Council For Opportunity In Education
- Assets
- $3.2m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Washington, DC
- Founding
- 01/1982
- Data as of
- 06/2020
- EIN
- 52-1221301
Organization Overview
Council For Opportunity In Education is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Council For Opportunity In Education employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For Opportunity In Education 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 06/2020, Council For Opportunity In Education generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $7.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE EXPANSION OF COLLEGE ACCESS AND SUCCESS SERVICES THROUGHOUT THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM AND PROFESSIONAL DEVELOPMENT:PROFESSIONAL DEVELOPMENT PERSONNEL WORKING WITH COLLEGE ACCESS AND SUCCESS PRACTITIONERS AND INSTITUTIONS TO LEARN OR ENHANCE STRATEGIES IN WORKING WITH LOW-INCOME AND FIRST-GENERATION COMMUNITIES.
INFORMATION DISSEMINATION:DISTRIBUTING INFORMATION TO MEMBERS ON ISSUES RELEVANT TO LOW INCOME AND FIRST-GENERATION STUDENTS INVOLVED IN POST SECONDARY EDUCATION.
GRANTS:PROFESSIONAL DEVELOPMENT PERSONNEL WORKING WITH COLLEGE ACCESS AND SUCCESS PRACTITIONERS AND INSTITUTIONS TO CREATE SUCCESSFUL PROGRAMS TO HAVE LOW-INCOME, FIRST-GENERATION STUDENTS SUCCEED IN HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Hoyler President | Officer | 40 | $447,010 |
Kimberly Jones Executive Vice President | 40 | $264,385 | |
Alvin Phillips Senior Vice President | 40 | $237,048 | |
John Hernandez Assoc. Vp, Technology | 40 | $170,476 | |
Margaret Cahalan Vp, Research | 40 | $148,587 | |
Angelica Vialpando Svp, Program & Prof. Development | 40 | $144,947 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1025 Vermont Venture Llc Lease Provider | 6/29/21 | $502,620 |
Arnold Mitchem Consulting Services | 6/29/21 | $150,000 |
Thompson Coburn Llp Legal Services | 6/29/21 | $147,718 |
John Patrick Hernandez Computer Consulting Services | 6/29/21 | $124,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,056,622 |
| Investment income | $33,460 |
| 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 | $8,308,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $35,236 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $598,181 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,106,527 |
| Pension plan accruals and contributions | $41,193 |
| Other employee benefits | $321,005 |
| Payroll taxes | $197,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,041 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,184 |
| Fees for services: Other | $1,593,903 |
| Advertising and promotion | $0 |
| Office expenses | $322,267 |
| Information technology | $38,342 |
| Royalties | $0 |
| Occupancy | $736,349 |
| Travel | $616,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $496,908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,251 |
| Insurance | $25,585 |
| All other expenses | $0 |
| Total functional expenses | $7,417,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $884,193 |
| Savings and temporary cash investments | $82,055 |
| Pledges and grants receivable | $149,539 |
| Accounts receivable, net | $103,992 |
| 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 | $113,820 |
| Investments—publicly traded securities | $1,299,387 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $406,292 |
| Total assets | $3,201,325 |
| Accounts payable and accrued expenses | $1,299,263 |
| Grants payable | $0 |
| Deferred revenue | $2,817,653 |
| 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 | $1,048,158 |
| Total liabilities | $5,165,074 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,963,749 |
Grants Awarded
Over the last fiscal year, Council For Opportunity In Education has awarded $139,998 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
IVY TECH LAKE COUNTY COMMUNITY COLLEGE OF INDIANA PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $37,142 |
West Lafayette, IN PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $33,714 |
INDIANA UNIVERSITY PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $24,000 |
Marion, IN PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $19,428 |
VINCENNES UNIVERSITY PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $17,714 |
Richmond, IN PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Council For Opportunity In Education has recieved totaling $70,346.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY EDUCATION | $50,000 |
Ascendium Education Solutions Inc Madison, WI PURPOSE: Annual Awards Dinner 9/13/2021 | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $346 |
Endowment Analysis
| Beg. Balance | $124,640 |
| Earnings | $17,418 |
| Net Contributions | $30,000 |
| Ending Balance | $172,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Forward Dc Washington, DC | $28,133,967 | $25,991,844 |
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Building Hope Real Estate Washington, DC | $105,552,493 | $11,148,900 |
Charter School Incubator Initiative Washington, DC | $37,834,831 | $8,281,364 |
Council For Opportunity In Education Washington, DC | $3,201,325 | $8,308,398 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Csdc Facilities Corporation Hanover, MD | $43,951,626 | $6,090,721 |
Citybridge Education Washington, DC | $3,430,657 | $5,924,866 |
Teaching Lab Washington, DC | $4,789,641 | $8,596,594 |
National Summer Learning Assoc Inc Washington, DC | $3,054,250 | $3,913,435 |
Core Knowledge Foundation Charlottesville, VA | $10,759,261 | $6,889,029 |