Educational Opportunities Inc
- Assets
- $3.4m
- Revenue
- $733.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/1965
- Data as of
- 06/2022
- EIN
- 75-6043290
Organization Overview
Educational Opportunities Inc is located in Dallas, TX. The organization was established in 1965. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Opportunities 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 06/2022, Educational Opportunities Inc generated $733.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $477.1k during the year ending 06/2022. While expenses have increased by 1.7% 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
THE PRINCIPAL PURPOSE OF THIS CORPORATION SHALL BE TO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR ECONOMICALLY DISADVANTAGED BOYS AND GIRLS ATTENDING ACCREDITED EDUCATIONAL INSTITUTIONS AT THE COLLEGE LEVEL. IN ADDITION, THIS CORPORATION SHALL PROVIDE COUNSEL AND GUIDANCE TO SUCH STUDENTS AS PART OF A BROAD PROGRAM TO ASSIST WITH THEIR ACADEMIC TRANSITIONS BEYOND HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS TO 54 STUDENTS FROM DALLAS INDEPENDENT SCHOOL DISTRICT WHO ARE ECONOMICALLY DISADVANTAGED.
AWARDS TO STUDENTS FOR EXEMPLARY ACADEMIC PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brownfield Andrew VP Finance-Exec. Comm. | OfficerTrustee | 2 | $0 |
Harris Ann VP Student Selection-Exec.comm. | OfficerTrustee | 2 | $0 |
Palmer Scott President-Exec. Comm. | OfficerTrustee | 2 | $0 |
Genender Wendy Vp, Mentors-Exec. Comm. | OfficerTrustee | 2 | $0 |
Leary Anne Pryser VP Development | OfficerTrustee | 2 | $0 |
Gross Vaughn President-Elect-Exec. Comm. | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $551,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,973 |
| Total Program Service Revenue | $0 |
| Investment income | $52,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,863 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $733,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $388,488 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $50,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,544 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $305 |
| Information technology | $1,362 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $655 |
| All other expenses | $859 |
| Total functional expenses | $477,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,882 |
| Savings and temporary cash investments | $76,481 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,798,316 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,390,679 |
| Accounts payable and accrued expenses | $198 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $198 |
| 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 | $3,390,481 |
| Total liabilities and net assets/fund balances | $3,390,679 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Educational Opportunities Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Emmiedoc Foundation Inc Dallas, TX PURPOSE: GENERAL NEEDS | $1,000 |
Dan And Martha Lou Beaird Foundation Dallas, TX PURPOSE: CHARITY | $1,000 |
Endowment Analysis
| Beg. Balance | $272,054 |
| Earnings | -$24,760 |
| Admin Expense | $2,752 |
| Ending Balance | $244,542 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Little Scholars Of Arkansas Foundation Little Rock, AR | $55,916,312 | $35,033,452 |
University Co-Operative Society Austin, TX | $15,693,237 | $9,178,990 |
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
Naca-Inspired Schools Network Albuquerque, NM | $4,333,179 | $4,644,398 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Carruth Center Inc Houston, TX | $315,119 | $4,215,286 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Texas Association For The Education Of Young Children Austin, TX | $635,523 | $2,896,226 |