Form 990 for tax year 2023

Totals

Total revenue

$134,599

Total expenses

$158,498

Contributions and grants received

$97,088

Grants paid

$0

Program service revenue

$23,689

Investment income

$8

Other revenue

$13,814

Total assets, end of year

$81,466

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$81,466

Program services expenses (Part IX)

$153,755

Management and general expenses

$4,743

Fundraising expenses

$0

Program service expenses (Part III)

$153,755

Program services were 97.0% 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.

Mission and programs · 2023

• Kindergarten Outdoor Learning Space. The Cleveland Opportunity Foundation continued its work to implement an outdoor learning space for the kindergarten students at the Cleveland Academy. They laid a rubber bike path and implemented play equipment, an outdoor classroom, benches and shades.This space will serve 75-100 kindergartners each year with the goal of increasing fine motor skills and social-emotional skills through creative and imaginary play.

  Expenses $37,196

• Raising A Reader. The Red Book Bag program from the national organization "Raising A Reader" was implemented into all of our kindergarten classrooms. This program encourages multi-generational literacy and parent involvement. Each kindergartner takes home 3 new books each week to share with their family. When they return those 3 books at the end of the week, they receive 3 more for the following week. It has been a wonderful program for our emerging readers and enabled access to books for our families living in poverty. 75-100 families are served through the program each year.

  Expenses $6,371 · Revenue $6,619

• After-School WIN Program. In order to ensure our 3rd and 5th graders were fully prepared for state testing and assistance with mastery of the 3rd and 5th grade standards, an after-school program called "WIN" was implemented. This was designed to support 3rd and 5th grade students struggling in reading and math. The Cleveland Opportunity Foundation paid teachers to work with students everyday after school through the WIN program. The goal is to ensure all 3rd graders meet literacy requirements to advance to 4th grade and that our 5th graders are more than prepared for middle school.

  Expenses $61,449

• DC Trip - 30 children are chosen to go on a paid trip to Washington DC.

  Expenses $26,534 · Revenue $17,070

• The foundation helps with afterschool extracurricular activities to keep children involved and busy with activities. They held a Spring Musical and a lecture on ballet.

  Expenses $17,123

• Savings for Success - The children are also learning about saving money. In order to facilitate and encourage saving, the foundation has a program for matching amounts contributed.

  Expenses $5,082

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

22 August 2024

IRS schema version

2023v5.1

Source object

202432569349300218

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