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Nonprofiteer
← OPPORTUNITY TENNESSEE

Form 990 for tax year 2024

Filed by OPPORTUNITY TENNESSEE.

Totals

Total revenue
$375,000
Total expenses
$331,310
Contributions and grants received
$375,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$43,690
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$43,690
Program services expenses (Part IX)
$290,500
Management and general expenses
$40,810
Fundraising expenses
$0
Program service expenses (Part III)
$290,500

Program services were 87.7% 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

    $375,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $200,000 · program services $165,500 · management and general $34,500

  • 11b · Fees: legal

    total $367 · management and general $367

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 11g · Fees: other

    total $125,000 · program services $125,000

  • 13 · Office expenses

    total $443 · management and general $443

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $43,690

  • 27 · Net assets without donor restrictions

    end of year $43,690

Mission and programs · 2024

Mission

OPPORTUNITY TENNESSEE IS ORGANIZED FOR THE PRIMARY PURPOSE OF RESEARCHING, DEVELOPING, AND PROMOTING POLICIES THAT FOSTER IMPROVEMENT TO ECONOMIC AND SOCIAL OUTCOMES ACROSS TENNESSEE. THE ORGANIZATION ENGAGES IN ACTIVITIES DESIGNED 1) TO ADVANCE HAVING A BETTER UNDERSTANDING OF VARIOUS KEY PROSPECTIVE ECONOMIC AND SOCIAL POLICIES, INCLUDING GAINING A DEEPER ANALYSIS OF HOW TENNESSEANS VIEW THESE POLICIES, AND 2) TO PROMOTE THOSE POLICES AMONG STAKEHOLDERS, FACILITATING ENGAGEMENT WITH KEY POLICYMAKERS, WHO MAY CONSIDER HOW SUCH POLICIES COULD BENEFIT TENNESSEANS.

  • IN ITS INITIAL YEAR, THE ORGANIZATION EVALUATED MEDICAID EXPANSION AND OTHER POLICIES TO EXPAND ACCESS TO HEALTHCARE IN TENNESSEE AND THE CONSEQUENCES OF ADVANCING SUCH POLICIES. RESEARCH WAS CONDUCTED, INCLUDING WHAT ACTIONS OTHER STATES HAVE TAKEN AND OVERALL PUBLIC OPINION ABOUT THIS POLICY. PUBLIC OPINION RESEARCH IN THE FORM OF POLLING AND FOCUS GROUPS IN TENNESSEE WERE CONDUCTED TO GAIN A DEEPER UNDERSTANDING AND ANALYSIS OF HOW TENNESSEAN ATTITUDE HAVE SHIFTED TOWARDS THIS THESE POLICY INITIATIVES AND HOW EXPANDING ACCESS TO HEALTHCARE FOR WORKING FAMILIES IS PERCEIVED. THE ORGANIZATION ALSO GENERATED ORIGINAL RESEARCH TO OUTLINE TENNESSEE'S SPECIFIC POLICY HISTORY AS IT RELATES TO ACCESS TO HEALTHCARE, CATALOGUING MAJOR INITIATIVES AND ANALYZING THOSE INITIATIVES' IMPACT ON LATER STATE BUDGETS AND HEALTH OUTCOMES. THE ORGANIZATION ALSO DEVELOPED A CATALOG OF OVER 30 STATE EXPERIENCES WITH POLICIES INTENDED TO EXPAND ACCESS TO HEALTHCARE, DEVELOPING INSIGHTS THAT INFORM THE ORGANIZATION'S EFFORTS TO ADVANCE ECONOMIC AND SOCIAL MOBILITY. THE ACTIVITIES WERE CONDUCTED BY CONSULTING FIRMS WITH EXPERIENCE IN THIS POLICY AREA ALONG WITH GENERAL EXPERTISE IN RESEARCH, POLLING AND POLITICAL ANALYSIS. ALL OF THE ORGANIZATION S TIME AND RESOURCES WERE DEDICATED TO THIS POLICY INITIATIVE. THE ACTIVITIES WERE FUNDED BY INDIVIDUAL, CORPORATE AND NON-PROFITS DONORS AND ALL OF THESE FUNDS WERE ALLOCATED TO THIS ACTIVITY. THIS ACTIVITY FURTHERS THE EXEMPT PURPOSE BY ADVANCING A DETAILED UNDERSTANDING OF A POLICY MATTER THAT COULD HAVE SIGNIFICANT IMPACT ON ECONOMIC AND SOCIAL OUTCOMES ACROSS TENNESSEE.

    Expenses $290,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • J Martin Regan Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rick Martin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sharon J Pryse

    SECRETARY

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 June 2025
IRS schema version
2024v5.0
Source object
202501679349301235

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