Council For Opportunity In Education
- Assets
- $8.3m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Washington, DC
- Founding
- 01/1982
- Data as of
- 06/2023
- 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 06/2023, Council For Opportunity In Education employed 33 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 06/2023, Council For Opportunity In Education generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $10.6m during the year ending 06/2023. While expenses have increased by 6.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
CONFERENCE AND SEMINARS:CONDUCT ANNUAL CONFERENCE AND SEMINARS TO DISSEMINATE INFORMATION AND EDUCATE MEMBERS AND ATTENDEES ON EDUCATIONAL OPPORTUNITY PROGRAMS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Givens Board Chair | OfficerTrustee | 1 | $0 |
Chris George Past Board Chair Until 9/2022 | OfficerTrustee | 1 | $0 |
Sam Blanco III Board Chair-Elect | OfficerTrustee | 1 | $0 |
Leo Conway Treasurer | OfficerTrustee | 1 | $0 |
Theresa Rader Secretary | OfficerTrustee | 1 | $0 |
Anthony J Plonczynski-Figueroa Aeee Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnold Mitchem Consulting Services | 6/29/23 | $150,000 |
Thompson Coburn Llp Legal Services | 6/29/23 | $133,413 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,136,627 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $400,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,770,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,307,028 |
| Total Program Service Revenue | $3,855,989 |
| Investment income | $50,075 |
| 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 | $10,331,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $120,733 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $791,682 |
| Compensation of current officers, directors, key employees. | $240,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,111,476 |
| Pension plan accruals and contributions | $210,334 |
| Other employee benefits | $591,016 |
| Payroll taxes | $290,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,384 |
| Fees for services: Other | $1,610,368 |
| Advertising and promotion | $0 |
| Office expenses | $380,378 |
| Information technology | $70,344 |
| Royalties | $0 |
| Occupancy | $1,119,974 |
| Travel | $984,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $535,248 |
| Interest | $207,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,635 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,589,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,652,601 |
| Savings and temporary cash investments | $209,599 |
| Pledges and grants receivable | $88,924 |
| Accounts receivable, net | $48,853 |
| 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 | $185,731 |
| Net Land, buildings, and equipment | $761,780 |
| Investments—publicly traded securities | $1,941,139 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,420,653 |
| Total assets | $8,309,280 |
| Accounts payable and accrued expenses | $782,472 |
| Grants payable | $0 |
| Deferred revenue | $4,044,953 |
| 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 | $4,254,039 |
| Total liabilities | $9,081,464 |
| Net assets without donor restrictions | -$1,942,690 |
| Net assets with donor restrictions | $1,170,506 |
| 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 | $8,309,280 |
Grants Awarded
Over the last fiscal year, Council For Opportunity In Education has awarded $139,998 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EARLHAM COLLEGE INC PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $8,000 |
INDIANA WESLEYAN UNIVERSITY PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $19,428 |
IVY TECH LAKE COUNTY COMMUNITY COLLEGE OF INDIANA PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $37,142 |
THE TRUSTEES OF PURDUE UNIVERSITY PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $33,714 |
INDIANA UNIVERSITY PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $24,000 |
VINCENNES UNIVERSITY PURPOSE: EMERGENCY GRANT AID FOR STUDENTS | $17,714 |