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Nonprofiteer
← OPPORTUNITY AT WORK INC

Form 990 for tax year 2022

Filed by OPPORTUNITY AT WORK INC.

Totals

Total revenue
$27,769,940
Total expenses
$20,633,382
Contributions and grants received
$27,646,311
Grants paid
$0
Program service revenue
$0
Investment income
$43,626
Other revenue
$80,003
Total assets, end of year
$18,592,140
Total liabilities, end of year
$2,226,646
Net assets or fund balances, end of year
$16,365,494
Program services expenses (Part IX)
$14,876,668
Management and general expenses
$5,756,714
Fundraising expenses
$0
Program service expenses (Part III)
$14,876,668

Program services were 72.1% 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

    $27,646,311

  • 3 · Investment income

    total $43,626 · excluded $43,626

  • 11a · Other revenue: MISCELLANEOUS

    total $80,003 · excluded $80,003

  • 11e · Other revenue, total

    $80,003

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,820,030 · program services $1,871,479 · management and general $948,551

  • 7 · Other salaries and wages

    total $7,487,113 · program services $5,536,632 · management and general $1,950,481

  • 8 · Pension plan contributions

    total $337,438 · program services $247,093 · management and general $90,345

  • 9 · Other employee benefits

    total $551,324 · program services $417,043 · management and general $134,281

  • 10 · Payroll taxes

    total $769,371 · program services $554,716 · management and general $214,655

  • 11b · Fees: legal

    total $23,470 · program services $16,922 · management and general $6,548

  • 11c · Fees: accounting

    total $34,829 · program services $25,112 · management and general $9,717

  • 11g · Fees: other

    total $6,113,843 · program services $4,408,080 · management and general $1,705,763

  • 12 · Advertising and promotion

    total $44,541 · program services $32,114 · management and general $12,427

  • 13 · Office expenses

    total $252,877 · program services $182,325 · management and general $70,552

  • 14 · Information technology

    total $621,054 · program services $447,780 · management and general $173,274

  • 16 · Occupancy

    total $281,443 · program services $202,920 · management and general $78,523

  • 17 · Travel

    total $465,325 · program services $335,499 · management and general $129,826

  • 19 · Conferences, conventions and meetings

    total $408,955 · program services $294,857 · management and general $114,098

  • 22 · Depreciation, depletion and amortization

    total $34,004 · program services $24,517 · management and general $9,487

  • 23 · Insurance

    total $56,428 · program services $40,685 · management and general $15,743

  • 24a · Other expenses: STAFF RETENT./RECRUIT.

    total $214,541 · program services $154,684 · management and general $59,857

  • 24b · Other expenses: PAYROLL PROCESSING FEES

    total $35,599 · program services $25,667 · management and general $9,932

  • 24c · Other expenses: BAD DEBT

    total $30,000 · program services $21,630 · management and general $8,370

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $20,902 · program services $15,070 · management and general $5,832

  • 24e · All other expenses

    total $30,295 · program services $21,843 · management and general $8,452

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,148,450 · end of year $2,798,778

  • 2 · Savings and temporary cash investments

    beginning of year $6,273,053 · end of year $250,923

  • 3 · Pledges and grants receivable

    beginning of year $1,032,400 · end of year $11,208,928

  • 9 · Prepaid expenses and deferred charges

    beginning of year $137,433 · end of year $39,208

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

    $3,158,707

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

    $66,517

  • 10c · Land, buildings and equipment, net

    beginning of year $142,234 · end of year $3,092,190

  • 15 · Other assets

    beginning of year $25,505 · end of year $1,202,113

  • 17 · Accounts payable and accrued expenses

    beginning of year $695,740 · end of year $881,151

  • 24 · Unsecured notes and loans payable

    beginning of year $56,736 · end of year $48,400

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,297,095

  • 27 · Net assets without donor restrictions

    beginning of year $4,070,462 · end of year $600,191

  • 28 · Net assets with donor restrictions

    beginning of year $3,936,137 · end of year $15,765,303

Mission and programs · 2022

Mission

TO EXPAND ACCESS TO CAREER OPPORTUNITIES SO THAT ALL AMERICANS CAN WORK, LEARN, AND EARN TO THEIR FULL POTENTIAL IN A DYNAMIC ECONOMY.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • OPPORTUNITY@WORK'S MISSION IS TO REWIRE THE U.S. LABOR MARKET SO THAT ALL INDIVIDUALS WHO ARE SKILLED THROUGH ALTERNATIVE ROUTES (STARS) - INSTEAD OF A BACHELOR'S DEGREE - CAN WORK, LEARN, AND EARN TO THEIR FULL POTENTIAL. OPPORTUNITY@WORK USES A DATA-DRIVEN STRATEGY FOCUSED ON BOTH SUPPLY AND DEMAND TO ACHIEVE GREATER ECONOMIC MOBILITY AND RACIAL EQUITY ON BEHALF OF STARS. OUR OVERALL STRATEGY IS FOCUSED ON TWO INTERLOCKING PILLARS: (1) CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND FOR STARS AND (2) CATALYZING VITAL DATA, ANALYTICS, AND TECHNOLOGY INFRASTRUCTURE FOR STARS HIRING INTO MIDDLE- AND HIGH- WAGE JOBS AT SCALE. (CONTINUED ON SCHEDULE O)- CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND FOR STARS: OPPORTUNITY@WORK LEVERAGES OUR FOUNDATIONAL RESEARCH, INSIGHTS, AND ANALYTICS TO POWER A MOVEMENT TO ESTABLISH STARS, WHO GAIN THEIR SKILLS THROUGH PATHS LIKE MILITARY SERVICE, CERTIFICATE PROGRAMS, COMMUNITY COLLEGE, AND ON-THE-JOB-LEARNING, AS A CRUCIAL SKILLED TALENT POOL FOR MIDDLE- AND HIGH-WAGE JOBS. OPPORTUNITY@WORK INCREASES AWARENESS OF STARS AS SKILLED WORKERS, CHAMPIONS SKILLS-BASED HIRING, AND ENLISTS EMPLOYERS, PUBLIC SECTOR, AND WORKFORCE PARTNERS TO TAKE ACTION THROUGH THE NATIONAL TEAR THE PAPER CEILING COALITION WITH 50+ CORPORATE AND WORKFORCE PARTNERS, WELL-GROUNDED IN OUR STARS INSIGHTS AND ANALYTICS, & STARS RESEARCH COMMUNITY, AND THE STARS POLICY PROJECT.- CATALYZING VITAL DATA AND TECHNOLOGY INFRASTRUCTURE FOR STARS HIRING INTO MIDDLE- AND HIGH-WAGE JOBS AT SCALE: STARS ARE OFTEN "SCREENED OUT" BY TRADITIONAL JOB SEARCH TOOLS AND METHODS; OPPORTUNITY@WORK AND OUR COALITION ARE BUILDING A FUNDAMENTAL "INFRASTRUCTURE FOR INCLUSION" TO IMPROVE STARS HIRING OUTCOMES AND SKILLS-BASED UPWARD MOBILITY. WE'VE CREATED A "ONE-STOP SHOP" ENABLING STARS TO SIGNAL THEIR SKILLS IN CREDIBLE WAYS TO EMPLOYERS. WE'VE ALSO BUILT A NETWORK GATEWAY APPLICATION INTEGRATION (API) LAYER TO ENABLE BOTH ESTABLISHED AND EMERGING HR, TALENT, AND JOB TECHNOLOGY PLATFORMS, PRODUCTS, AND COMMUNITIES TO INTERCONNECT, LINKING EMPLOYERS, TALENT DEVELOPERS AND STARS TO MATCH SUPPLY AND DEMAND OF OVERLOOKED TALENT BASED ON STARS' SKILLS AND GOOD JOBS THAT US INDUSTRY NEEDS TO FILL. OUR STARS MOBILITY DATA MODEL POWERS TOOLS FOR EMPLOYERS TO INCLUDE STARS IN THEIR WORKFORCE STRATEGIES AND TALENT SOURCING ACTIVITIES EFFECTIVELY, SUCH AS THE STELLARSIGHT STARS STRATEGY DASHBOARD AND STARS HIRING PLAYBOOKS. IN THE NEXT DECADE, OPPORTUNITY@WORK AIMS TO ENABLE AT LEAST 1 MILLION WORKING ADULTS IN AMERICA TO TRANSLATE THEIR LEARNING INTO EARNING GENERATING A $20 BILLION BOOST IN ANNUAL EARNINGS. BY CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND AND CATALYZING VITAL DATA AND TECHNOLOGY INFRASTRUCTURE, OPPORTUNITY@WORK AIMS TO ACCELERATE THE HIRING OF THE 70M+ WORKERS WHO ARE STARS INTO CAREER PATHWAY MIDDLE-WAGE JOBS AND IN DOING SO, WILL CATALYZE THE REWIRING OF THE U.S. THE LABOR MARKET SO IT WORKS FOR ALL WORKERS, NO MATTER HOW THEY HAVE DEVELOPED THEIR SKILLS. TOGETHER WITH PARTNERS, WE'RE PILOTING NEW FLEXIBLE FINANCING MODELS FOR STARS TO HELP REMOVE UP-FRONT COST BARRIERS AND REDUCE THE RISK OF INVESTING IN TRAINING.

    Expenses $14,852,920

  • TALENT FINANCING SOLUTIONS:WE USED TWO PILOTS TO TEST INNOVATIVE FINANCING MECHANISMS (IN THIS CASE, INCOME SHARE AGREEMENTS), TRACKING REPAYMENT METRICS AFTER TRAINING TO HELP US AND THE WORKFORCE DEVELOPMENT FIELD TO BETTER UNDERSTAND THE SCALABILITY OF TRAINING AND SUSTAINABILITY FOR DIFFERENT FUNDERS/INVESTORS.PROGRAM SERVICE ACCOMPLISHMENTS:BOTH THE PILOTS WE LAUNCHED INCREASED ACCESS TO TECHNICAL TRAINING AND CREDENTIALING FOR PEOPLE FROM LOW INCOME, LOW CREDIT BACKGROUND TO FINANCE THEIR EDUCATION AND TIE THE FINANCING OF THEIR TRAINING TO CAREER OUTCOMES.

    Expenses $23,748

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Byron G Auguste

    BOARD DIRECTOR, CEO AND CO-FOUNDER

    Total calculated
    $346,708
    From this org
    $306,849
    From related orgs
    $0
    Other
    $39,859
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $306,849
    Bonus
    $0
    Other
    $0
    Deferred
    $8,455
    Nontaxable benefits
    $31,404
    Filer's total
    $346,708

  • Reid Hoffman

    BOARD DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anne-Marie Slaughter

    BOARD DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karan Chopra

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rhonda Morris

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian M Rhodes

    SECRETARY

    Total calculated
    $234,314
    From this org
    $207,824
    From related orgs
    $0
    Other
    $26,490
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,824
    Bonus
    $0
    Other
    $0
    Deferred
    $2,173
    Nontaxable benefits
    $24,317
    Filer's total
    $234,314

  • Nalin Liyanamana

    DIRECTOR OF FINANCE AND SECRETARY

    Total calculated
    $203,960
    From this org
    $176,375
    From related orgs
    $0
    Other
    $27,585
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $171,375
    Bonus
    $5,000
    Other
    $0
    Deferred
    $6,644
    Nontaxable benefits
    $20,941
    Filer's total
    $203,960

  • Shad Ahmed

    CHIEF OPERATING OFFICER

    Total calculated
    $338,160
    From this org
    $302,624
    From related orgs
    $0
    Other
    $35,536
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $302,624
    Bonus
    $0
    Other
    $0
    Deferred
    $9,242
    Nontaxable benefits
    $26,294
    Filer's total
    $338,160

  • Bridgette Gray

    CHIEF CUSTOMER OFFICER

    Total calculated
    $276,336
    From this org
    $249,204
    From related orgs
    $0
    Other
    $27,132
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $239,204
    Bonus
    $10,000
    Other
    $0
    Deferred
    $7,424
    Nontaxable benefits
    $19,708
    Filer's total
    $276,336

  • Yscaira Jimenez

    CHIEF INNOVATION OFFICER

    Total calculated
    $282,578
    From this org
    $255,116
    From related orgs
    $0
    Other
    $27,462
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $230,116
    Bonus
    $25,000
    Other
    $0
    Deferred
    $8,118
    Nontaxable benefits
    $19,344
    Filer's total
    $282,578

  • Kelcey Reed Sr

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $263,584
    From this org
    $228,078
    From related orgs
    $0
    Other
    $35,506
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $228,078
    Bonus
    $0
    Other
    $0
    Deferred
    $9,396
    Nontaxable benefits
    $26,110
    Filer's total
    $263,584

  • Papia Debroy

    SENIOR VICE PRESIDENT, INSIGHTS

    Total calculated
    $236,715
    From this org
    $209,672
    From related orgs
    $0
    Other
    $27,043
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $209,672
    Bonus
    $0
    Other
    $0
    Deferred
    $6,967
    Nontaxable benefits
    $20,076
    Filer's total
    $236,715

  • Angela Nicole Briggs-Paige

    VICE PRESIDENT, PEOPLE & CULTURE

    Total calculated
    $234,392
    From this org
    $197,500
    From related orgs
    $0
    Other
    $36,892
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $197,500
    Bonus
    $0
    Other
    $0
    Deferred
    $8,490
    Nontaxable benefits
    $28,402
    Filer's total
    $234,392

  • Georgia Gillette

    VICE PRESIDENT, STRATEGIC ALLIANCES

    Total calculated
    $206,591
    From this org
    $190,272
    From related orgs
    $0
    Other
    $16,319
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,272
    Bonus
    $0
    Other
    $0
    Deferred
    $6,767
    Nontaxable benefits
    $9,552
    Filer's total
    $206,591

  • William Villota

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $196,694
    From this org
    $181,437
    From related orgs
    $0
    Other
    $15,257
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,437
    Bonus
    $0
    Other
    $0
    Deferred
    $6,994
    Nontaxable benefits
    $8,263
    Filer's total
    $196,694

  • Gijun Lee

    PRINCIPAL SOLUTIONS ARCHTIECT

    Total calculated
    $195,747
    From this org
    $171,806
    From related orgs
    $0
    Other
    $23,941
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $171,806
    Bonus
    $0
    Other
    $0
    Deferred
    $6,586
    Nontaxable benefits
    $17,355
    Filer's total
    $195,747

  • Alicia Ogilvie

    DIRECTOR, PRODUCT

    Total calculated
    $187,501
    From this org
    $176,648
    From related orgs
    $0
    Other
    $10,853
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $171,648
    Bonus
    $5,000
    Other
    $0
    Deferred
    $1,717
    Nontaxable benefits
    $9,136
    Filer's total
    $187,501

  • Anne-Michele Mortimer

    SENIOR DIRECTOR, INSIGHTS

    Total calculated
    $191,688
    From this org
    $173,347
    From related orgs
    $0
    Other
    $18,341
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,847
    Bonus
    $2,500
    Other
    $0
    Deferred
    $8,542
    Nontaxable benefits
    $9,799
    Filer's total
    $191,688

  • Cathy Morgan

    DIRECTOR, STRATEGIC ALLIANCES

    Total calculated
    $173,968
    From this org
    $159,081
    From related orgs
    $0
    Other
    $14,887
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,081
    Bonus
    $0
    Other
    $0
    Deferred
    $1,457
    Nontaxable benefits
    $13,430
    Filer's total
    $173,968

  • Bethany Leigh Bosso

    SENIOR DIRECTOR, CUSTOMER EXPERIENCE

    Total calculated
    $184,379
    From this org
    $161,378
    From related orgs
    $0
    Other
    $23,001
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,378
    Bonus
    $3,000
    Other
    $0
    Deferred
    $8,033
    Nontaxable benefits
    $14,968
    Filer's total
    $184,379

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUS COMPENSATION IS REPORTED IN PART II, COLUMN (B)(II).

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OPPORTUNITYWORK - TALENT EQUITY FUND LLC

    SEE PART VII BELOW · DE · income $84,163 · assets $210,816

    Directly controlled by OPPORTUNITYWORK INC

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202343039349301704

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