Opportunity Center Inc
- Assets
- $6.1m
- Revenue
- $187.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Glendale, WI
- Founding
- Data as of
- 12/2023
- EIN
- 87-4076651
Organization Overview
Opportunity Center Inc is located in Glendale, WI. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Opportunity Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Center 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 12/2023, Opportunity Center Inc generated $187.4k in total revenue. All expenses for the organization totaled $834.9k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITY AND EQUITABLE ACCESS TO ATHLETICS, RECREATION, WELLNESS, AND EDUCATION FOR PEOPLE WITH DISABILITIES AND THE UNDERREPRESENTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPPORTUNITY CENTER ("TOC") IS A NONPROFIT CORPORATION WHOSE MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PARTICIPANTS BY EMPOWERING THEM TO DEVELOP THE PHYSICAL, SOCIAL, AND EMOTIONAL SKILLS THAT DEFINE HEALTHY,RESILIENT, AND SOCIALLY RESPONSIBLE CITIZENS. THE ORGANIZATION'S GOAL IS TO TRANSFORM MILWAUKEE INTO A MORE EQUITABLEREGION THROUGH EDUCATION, SPORT, AND INCLUSION. THE OPPORTUNITY CENTER WILL BE THE COUNTRY'S ONLY MULTI-SPORT, UNIVERSALLY DESIGNED, URBAN ATHLETIC CENTER FOR PROGRAMING THAT IS: ACADEMICALLY EARNED EQUITABLY PROVIDED FULLY INTEGRATED FAMILY FOCUSED PHYSICALLY INFLUENCED ABILITY ACCESSED AGE SPECIFIC GENDER GUIDED MENTALLY EMPOWERED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin Cumberbatch Board Chair/founding Membe | OfficerTrustee | 10 | $0 |
Damian Buchman Board Vice Chair/founding | OfficerTrustee | 10 | $0 |
Scott Luber Board Treasurer | OfficerTrustee | 2 | $0 |
Moshe Katz Director | Trustee | 1 | $0 |
H Carl Mueller Director | Trustee | 1 | $0 |
Mark Sain Director | Trustee | 1 | $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 | $55,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,520 |
| Total Program Service Revenue | $0 |
| Investment income | $8,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $119,063 |
| 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 | $187,429 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66 |
| Payroll taxes | $11,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,281 |
| Fees for services: Accounting | $87,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $115,073 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $204,845 |
| Advertising and promotion | $39,580 |
| Office expenses | $18,947 |
| Information technology | $27,133 |
| Royalties | $0 |
| Occupancy | $40,247 |
| Travel | $15 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $809 |
| Interest | $131,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,992 |
| Insurance | $2,562 |
| All other expenses | $0 |
| Total functional expenses | $834,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,950 |
| Savings and temporary cash investments | $570,949 |
| Pledges and grants receivable | $2,919,639 |
| 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 | $8,139 |
| Net Land, buildings, and equipment | $2,345,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $53,687 |
| Other assets | $99,232 |
| Total assets | $6,096,606 |
| Accounts payable and accrued expenses | $98,565 |
| 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 | $2,240,655 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,835 |
| Total liabilities | $2,417,055 |
| Net assets without donor restrictions | $759,912 |
| Net assets with donor restrictions | $2,919,639 |
| 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 | $6,096,606 |