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Nonprofiteer
← GOLDEN STATE OPPORTUNITY FOUNDATION

Form 990 for tax year 2023

Filed by GOLDEN STATE OPPORTUNITY FOUNDATION.

Totals

Total revenue
$7,622,712
Total expenses
$8,267,336
Contributions and grants received
$7,609,764
Grants paid
$1,402,680
Program service revenue
$0
Investment income
$0
Other revenue
$12,948
Total assets, end of year
$2,124,935
Total liabilities, end of year
$136,477
Net assets or fund balances, end of year
$1,988,458
Program services expenses (Part IX)
$7,185,805
Management and general expenses
$501,299
Fundraising expenses
$580,232
Program service expenses (Part III)
$7,185,805

Program services were 86.9% 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.

  • 1e · Government grants (contributions)

    $5,597,400

  • 1f · All other contributions, gifts and grants

    $2,012,364

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Revenue

    total $12,948 · related or exempt $12,948

  • 11e · Other revenue, total

    $12,948

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,402,680 · program services $1,402,680

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,204,779 · program services $921,498 · management and general $97,794 · fundraising $185,487

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,442,735 · program services $1,103,504 · management and general $117,108 · fundraising $222,123

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $233,007 · program services $178,220 · management and general $18,913 · fundraising $35,874

  • 10 · Payroll taxes

    total $189,454 · program services $144,908 · management and general $15,378 · fundraising $29,168

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $32,499 · management and general $32,499

  • 11c · Fees: accounting

    total $160,963 · management and general $160,963

  • 11d · Fees: lobbying

    total $250,571 · program services $250,571

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $371,414 · program services $336,451 · management and general $6,872 · fundraising $28,091

  • 12 · Advertising and promotion

    total $2,498,022 · program services $2,483,595 · management and general $4,198 · fundraising $10,229

  • 13 · Office expenses

    total $238,076 · program services $172,687 · management and general $25,779 · fundraising $39,610

  • 14 · Information technology

    total $47,760 · program services $34,643 · management and general $5,171 · fundraising $7,946

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $75,280 · program services $57,579 · management and general $6,111 · fundraising $11,590

  • 17 · Travel

    total $66,571 · program services $51,781 · management and general $8,050 · fundraising $6,740

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,681 · program services $1,308 · management and general $203 · fundraising $170

  • 20 · Interest

    total $41,514 · program services $38,479 · management and general $1,421 · fundraising $1,614

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $10,330 · program services $7,901 · management and general $839 · fundraising $1,590

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $432,169 · end of year $485,075

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $2,740,145 · end of year $1,312,457

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,075,884 · end of year $321,990

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $4,839 · end of year $5,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,955 · end of year $136,477

  • 19 · Deferred revenue

    beginning of year $1,000,000

  • 23 · Secured mortgages and notes payable

    beginning of year $400,000

  • 27 · Net assets without donor restrictions

    beginning of year $244,843 · end of year $1,288,458

  • 28 · Net assets with donor restrictions

    beginning of year $2,388,239 · end of year $700,000

Mission and programs · 2023

Mission

GOLDEN STATE OPPORTUNITY (GSO) IS A NONPROFIT DEDICATED TO ENDING POVERTY BY PROVIDING ALL CALIFORNIANS WITH THE TOOLS TO BUILD FINANCIAL WELL-BEING AND THRIVE. OUR WORK IS ALONG TWO COMPLEMENTARY TRACKS GETTING PEOPLE THE HELP THEY NEED RIGHT NOW AND BUILDING THE INFRASTRUCTURE TO CHANGE ATTITUDES TOWARD PEOPLE LIVING IN POVERTY AND THE POLICIES THAT KEEP THEM THERE. GSO LEADS COMPREHENSIVE STATEWIDE CAMPAIGNS TO HELP FAMILIES ACCESS TAX CREDITS AND PUBLIC BENEFITS, ACHIEVE FINANCIAL STABILITY, AND PLAN FOR THE FUTURE THROUGH PROGRAMS THAT UPLIFT LOW-INCOME CALIFORNIANS. OUR COMMUNITY OF WORKING FAMILIES IS LEADING THE CHARGE FOR PUBLIC POLICIES THAT END POVERTY IN CALIFORNIA. GSO WONT STOP PUSHING FOR SYSTEMIC CHANGE UNTIL EVERYONE CAN EASILY ACCESS THE RESOURCES, THEY NEED TO MEET THEIR BASIC NEEDS AND TRANSFORM THEIR LIVES WITH FINANCIAL STABILITY.

  • GSO'S INITIAL PROJECT IS A STATEWIDE OUTREACH CAMPAIGN CALLED CALEITC4ME TO ENCOURAGE LOW-INCOME CALIFORNIANS TO CLAIM THE STATE'S EARNED INCOME TAX CREDIT AS WELL AS THE FEDERAL EARNED INCOME TAX CREDIT. FEDERAL AND STATE-EARNED INCOME TAX CREDITS, WHICH INCENTIVIZE AND REWARD WORK, ARE THE MOST IMPORTANT POVERTY REDUCTION PROGRAMS IN EXISTENCE. THE EARNED INCOME TAX CREDIT AND CHILD TAX CREDIT HAVE REDUCED POVERTY BY AN ESTIMATED 3.2 PERCENTAGE POINTS AND HAVE DECREASED POVERTY RATES FOR CHILDREN BY A FULL 6 PERCENTAGE POINTS FROM 31.1 PERCENT TO 25.1 PERCENT. DESPITE THE EFFORTS OF THESE PROGRAMS, A LARGE NUMBER OF CALIFORNIANS REMAIN IN POVERTY, MANY UNAWARE OF THE RESOURCES AVAILABLE TO THEM. PROMOTING GREATER PARTICIPATION IN EXISTING PROGRAMS AND ENCOURAGING NEW, INNOVATIVE APPROACHES TO FIGHTING CAUSES OF POVERTY WOULD LEAD TO DRASTIC IMPROVEMENTS IN THE STANDARD OF LIVING FOR MANY LOW-INCOME FAMILIES STRUGGLING TO GET BY.

    Expenses $7,185,805 · Grants $1,402,680

As filed on the 2023 return.

Listed in Part VII

  • Amy Everitt

    President

    Total calculated
    $295,617
    From this org
    $268,667
    From related orgs
    $0
    Other
    $26,950
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $268,667
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $26,950
    Filer's total
    $295,617

  • Esperanza Greenwood

    DIR COM/ASST SE

    Total calculated
    $202,265
    From this org
    $166,750
    From related orgs
    $0
    Other
    $35,515
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $35,515
    Filer's total
    $202,265

  • Robin Engle

    Head of Development

    Total calculated
    $192,597
    From this org
    $178,315
    From related orgs
    $0
    Other
    $14,282
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,315
    Bonus
    $5,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $14,282
    Filer's total
    $192,597

  • Carmen Chang

    Director of Programs & Organizing

    Total calculated
    $180,313
    From this org
    $158,333
    From related orgs
    $0
    Other
    $21,980
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,333
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $21,980
    Filer's total
    $180,313

  • Jen Dodd

    Deputy Director of Programs

    Total calculated
    $174,734
    From this org
    $150,000
    From related orgs
    $0
    Other
    $24,734
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $24,734
    Filer's total
    $174,734

  • Lindsay Cooper Martin

    COO/ASST TREAS

    Total calculated
    $159,252
    From this org
    $144,282
    From related orgs
    $0
    Other
    $14,970
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,282
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $14,970
    Filer's total
    $159,252

  • Aryeh Breakstone

    Dept Dir of Dev

    Total calculated
    $145,683
    From this org
    $136,500
    From related orgs
    $0
    Other
    $9,183
    Hours/week
    50

  • Sabrina De Santiago

    Sr. Dir of Policy

    Total calculated
    $108,295
    From this org
    $108,211
    From related orgs
    $0
    Other
    $84
    Hours/week
    50

  • Joe Sanberg

    Founder/Chair

    Total calculated
    $0
    Hours/week
    1

  • Ana Grande

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Guerrero

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Angelo Farooq

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ben Jealous

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael P Meehan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Darrell Peeden

    Board Member

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202403029349301230

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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