The Opportunity Foundation
- Assets
- $42.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 87-0626778
Organization Overview
The Opportunity Foundation is located in Salt Lake City, UT. The organization was established in 2018. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Foundation 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, Opportunity Foundation generated $75.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $75.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SEE ATTACHED "SUMMARY OF DIRECT CHARITABLE ACTIVITIES"
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Margetts Board Member | 1 | $0 | |
Cheri Laughridge Bd Mem.,sec,treas | 15 | $0 | |
Steve Bayans Board Member | 0.5 | $0 | |
Ron Williams Board Member/trainer | 19 | $14,193 | |
Steve Aston Board Chair | 2 | $0 | |
Debbie Inkley Executive Director | 40 | $4,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,713 |
| Total Program Service Revenue | $6,850 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,942 |
| Other Revenue | $0 |
| Total Revenue | $75,505 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,193 |
| Professional fees and other payments to independent contractors | $50 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $133 |
| Other expenses | $18,835 |
| Total expenses | $75,211 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,545 |
| Other assets | $0 |
| Total assets | $42,694 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,694 |
Grants Awarded
Over the last fiscal year, The Opportunity Foundation has awarded $6,595 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH SCHOOL FOR THE DEAF AND BLIND PURPOSE: PROVIDED 3EAGLEEYES SYSTEM | $3,897 |
UNIVERSITY OF UTAH PURPOSE: PROVIDED 1EAGLEEYES SYSTEM | $1,299 |
JACKSON COUNTY INTERMEDIATE SD PURPOSE: PROVIDED 1EAGLEEYES SYSTEM | $1,299 |
OGDEN SCHOOL DISTRICT PURPOSE: REFURBISHED BATTERYEAGLEEYES SYSTEM | $100 |