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Nonprofiteer
← OPPORTUNITY PLAN INC

Form 990 for tax year 2022

Filed by OPPORTUNITY PLAN INC.

Totals

Total revenue
$2,869,153
Total expenses
$1,962,387
Contributions and grants received
$1,158,789
Grants paid
$1,193,587
Program service revenue
$49,262
Investment income
$1,661,102
Other revenue
$0
Total assets, end of year
$31,228,504
Total liabilities, end of year
$3,487
Net assets or fund balances, end of year
$31,225,017
Program services expenses (Part IX)
$1,362,326
Management and general expenses
$600,061
Fundraising expenses
$0
Program service expenses (Part III)
$1,362,326

Program services were 69.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,158,789

  • 2a · Program service revenue: STUDENT LOAN INTEREST I

    total $49,262 · related or exempt $49,262

  • 3 · Investment income

    total $606,256 · related or exempt $606,256

  • 7a · Gross sales of assets other than inventory

    securities $4,906,816

  • 7b · Less cost or other basis and sales expenses

    securities $3,851,970

  • 7c · Gain or loss

    securities $1,054,846

  • 7d · Net gain or loss

    total $1,054,846 · related or exempt $1,054,846

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 2 · Grants to domestic individuals

    total $1,168,587 · program services $1,168,587

  • 7 · Other salaries and wages

    total $300,659 · program services $120,264 · management and general $180,395

  • 8 · Pension plan contributions

    total $47,981 · program services $19,192 · management and general $28,789

  • 9 · Other employee benefits

    total $20,701 · program services $8,280 · management and general $12,421

  • 10 · Payroll taxes

    total $25,271 · program services $10,108 · management and general $15,163

  • 11c · Fees: accounting

    total $70,622 · management and general $70,622

  • 11f · Fees: investment management

    total $165,114 · management and general $165,114

  • 12 · Advertising and promotion

    total $11,943 · management and general $11,943

  • 13 · Office expenses

    total $4,400 · management and general $4,400

  • 14 · Information technology

    total $17,308 · management and general $17,308

  • 16 · Occupancy

    total $17,427 · management and general $17,427

  • 22 · Depreciation, depletion and amortization

    total $20,645 · management and general $20,645

  • 23 · Insurance

    total $36,966 · program services $8,280 · management and general $28,686

  • 24a · Other expenses: LOAN SERVICING EXPENSE

    total $9,706 · management and general $9,706

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $7,234 · management and general $7,234

  • 24c · Other expenses: MISCELLANEOUS

    total $6,745 · management and general $6,745

  • 24d · Other expenses: EQUIPMENT LEASE

    total $3,181 · management and general $3,181

  • 24e · All other expenses

    total $2,897 · program services $2,615 · management and general $282

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $749,136 · end of year $820,887

  • 2 · Savings and temporary cash investments

    beginning of year $756,688 · end of year $741,526

  • 7 · Other notes and loans receivable

    beginning of year $1,786,141 · end of year $2,102,840

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,628 · end of year $6,329

  • 10a · Land, buildings and equipment: cost or other basis

    $576,074

  • 10b · Land, buildings and equipment: accumulated depreciation

    $318,254

  • 10c · Land, buildings and equipment, net

    beginning of year $264,315 · end of year $257,820

  • 12 · Investments: other securities

    beginning of year $26,773,152 · end of year $27,277,876

  • 15 · Other assets

    beginning of year $16,346 · end of year $21,226

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,353 · end of year $3,487

  • 27 · Net assets without donor restrictions

    beginning of year $6,737,502 · end of year $6,722,722

  • 28 · Net assets with donor restrictions

    beginning of year $23,560,551 · end of year $24,502,295

Mission and programs · 2022

Mission

TO ASSIST STUDENTS IN ACHIEVING THEIR EDUCATIONAL GOALS BY PROVIDING LOANS AND SCHOLARSHIPS FOR COLLEGE EDUCATIONS.

Activities or mission (Part I)

PROVIDE LOANS AND SCHOLARSHIPS TO COLLEGE STUDENTS

  • OPI PROVIDES STUDENT LOANS AND SCHOLARSHIPS TO COLLEGE STUDENTS PRIMARILY FROM THE TEXAS PANHANDLE. THIS INVOLVES REVIEWING APPLICATIONS AND MEETING WITH STUDENTS. OVER 400 STUDENTS ARE ASSISTED EACH YEAR.

    Expenses $1,362,326 · Grants $1,193,587 · Revenue $1,710,364

As filed on the 2022 return.

Listed in Part VII

  • Keith Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Baxter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martha Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debbie Collier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jj Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Brock Lovett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meg O'Brien

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kyle Singleton

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Bob Robinson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wiley Harp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Schaeffer

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donna Warrick

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Chris Brady

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Tripplehorn

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Currie Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janyth Bowers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Patrick Hanford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Marrs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Horton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wes Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Larry Johnson

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lynda Tinsley

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • TEXAS TECH FOUNDATION

    $25,000

    RESIDENT STIPEND DOCTOR OF OSTEOPATHIC MEDICINE

Provenance

Return type
form_990
Tax year
2022
Filed
5 June 2024
IRS schema version
2022v5.0
Source object
202402969349300535

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