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Nonprofiteer
← OPPORTUNITY AT WORK INC

Form 990 for tax year 2023

Filed by OPPORTUNITY AT WORK INC.

Totals

Total revenue
$28,397,531
Total expenses
$21,392,109
Contributions and grants received
$28,265,925
Grants paid
$0
Program service revenue
$25,608
Investment income
$101,897
Other revenue
$4,101
Total assets, end of year
$25,112,494
Total liabilities, end of year
$1,741,578
Net assets or fund balances, end of year
$23,370,916
Program services expenses (Part IX)
$15,402,144
Management and general expenses
$5,989,965
Fundraising expenses
$0
Program service expenses (Part III)
$15,402,144

Program services were 72.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $28,265,925

  • 2a · Program service revenue: HONARARIUM

    total $25,608 · related or exempt $25,608

  • 3 · Investment income

    total $101,897 · excluded $101,897

  • 11a · Other revenue: MISCELLANEOUS

    total $4,101 · excluded $4,101

  • 11e · Other revenue, total

    $4,101

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,847,308 · program services $2,584,892 · management and general $1,262,416

  • 7 · Other salaries and wages

    total $8,368,312 · program services $6,193,397 · management and general $2,174,915

  • 8 · Pension plan contributions

    total $350,388 · program services $258,236 · management and general $92,152

  • 9 · Other employee benefits

    total $666,654 · program services $490,992 · management and general $175,662

  • 10 · Payroll taxes

    total $976,063 · program services $702,765 · management and general $273,298

  • 11b · Fees: legal

    total $45,833 · program services $32,965 · management and general $12,868

  • 11c · Fees: accounting

    total $94,575 · program services $68,022 · management and general $26,553

  • 11g · Fees: other

    total $4,742,265 · program services $3,410,369 · management and general $1,331,896

  • 12 · Advertising and promotion

    total $38,676 · program services $27,847 · management and general $10,829

  • 13 · Office expenses

    total $202,057 · program services $145,397 · management and general $56,660

  • 14 · Information technology

    total $926,604 · program services $667,155 · management and general $259,449

  • 16 · Occupancy

    total $278,226 · program services $200,323 · management and general $77,903

  • 17 · Travel

    total $214,941 · program services $154,758 · management and general $60,183

  • 19 · Conferences, conventions and meetings

    total $260,591 · program services $187,625 · management and general $72,966

  • 22 · Depreciation, depletion and amortization

    total $33,673 · program services $24,245 · management and general $9,428

  • 23 · Insurance

    total $64,504 · program services $46,443 · management and general $18,061

  • 24a · Other expenses: PAYROLL PROCESSING FEES

    total $94,576 · program services $68,023 · management and general $26,553

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

    total $78,060 · program services $56,203 · management and general $21,857

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $70,513 · program services $50,716 · management and general $19,797

  • 24d · Other expenses: ISA EXPENSES

    total $15,338 · program services $15,338

  • 24e · All other expenses

    total $22,952 · program services $16,433 · management and general $6,519

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,798,778 · end of year $1,233,599

  • 2 · Savings and temporary cash investments

    beginning of year $250,923 · end of year $6,703,673

  • 3 · Pledges and grants receivable

    beginning of year $11,208,928 · end of year $10,063,802

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,208 · end of year $365,392

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

    $5,892,162

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

    $100,190

  • 10c · Land, buildings and equipment, net

    beginning of year $3,092,190 · end of year $5,791,972

  • 15 · Other assets

    beginning of year $1,202,113 · end of year $954,056

  • 17 · Accounts payable and accrued expenses

    beginning of year $881,151 · end of year $645,686

  • 24 · Unsecured notes and loans payable

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

  • 25 · Other liabilities

    beginning of year $1,297,095 · end of year $1,047,492

  • 27 · Net assets without donor restrictions

    beginning of year $600,191 · end of year $3,548,964

  • 28 · Net assets with donor restrictions

    beginning of year $15,765,303 · end of year $19,821,952

Mission and programs · 2023

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 NETWORK , AND THE STARS PUBLIC SECTOR HUB. 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 EMPLOYERS TO SOURCE STARS TALENT BASED ON CREDIBLE SIGNALS. 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.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. 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 $15,402,144 · Revenue $25,608

As filed on the 2023 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
    $347,308
    From this org
    $317,018
    From related orgs
    $0
    Other
    $30,290
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $317,018
    Bonus
    $0
    Other
    $0
    Deferred
    $15,695
    Nontaxable benefits
    $14,595
    Filer's total
    $347,308

  • 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
    $231,972
    From this org
    $214,538
    From related orgs
    $0
    Other
    $17,434
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $214,538
    Bonus
    $0
    Other
    $0
    Deferred
    $3,004
    Nontaxable benefits
    $14,430
    Filer's total
    $231,972

  • Nalin Liyanamana

    DIRECTOR OF FINANCE AND SECRETARY

    Total calculated
    $189,229
    From this org
    $173,636
    From related orgs
    $0
    Other
    $15,593
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,636
    Bonus
    $0
    Other
    $0
    Deferred
    $8,256
    Nontaxable benefits
    $7,337
    Filer's total
    $189,229

  • Shad Ahmed

    CHIEF OPERATING OFFICER

    Total calculated
    $313,388
    From this org
    $284,616
    From related orgs
    $0
    Other
    $28,772
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $284,616
    Bonus
    $0
    Other
    $0
    Deferred
    $14,191
    Nontaxable benefits
    $14,581
    Filer's total
    $313,388

  • Yscaira Jimenez

    CHIEF INNOVATION OFFICER

    Total calculated
    $266,452
    From this org
    $249,307
    From related orgs
    $0
    Other
    $17,145
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $234,307
    Bonus
    $15,000
    Other
    $0
    Deferred
    $9,629
    Nontaxable benefits
    $7,516
    Filer's total
    $266,452

  • Kelcey Reed

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $256,409
    From this org
    $235,507
    From related orgs
    $0
    Other
    $20,902
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $235,507
    Bonus
    $0
    Other
    $0
    Deferred
    $9,709
    Nontaxable benefits
    $11,193
    Filer's total
    $256,409

  • Bridgette Gray

    CHIEF CUSTOMER OFFICER

    Total calculated
    $246,646
    From this org
    $239,083
    From related orgs
    $0
    Other
    $7,563
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $239,083
    Bonus
    $0
    Other
    $0
    Deferred
    $7,563
    Nontaxable benefits
    $0
    Filer's total
    $246,646

  • Papia Debroy

    SENIOR VICE PRESIDENT, INSIGHTS

    Total calculated
    $238,065
    From this org
    $217,532
    From related orgs
    $0
    Other
    $20,533
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $217,532
    Bonus
    $0
    Other
    $0
    Deferred
    $10,890
    Nontaxable benefits
    $9,643
    Filer's total
    $238,065

  • Audrey Mickahail

    VP INSIGHTS, THEN SR VP DELIVERY

    Total calculated
    $223,818
    From this org
    $201,497
    From related orgs
    $0
    Other
    $22,321
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $201,497
    Bonus
    $0
    Other
    $0
    Deferred
    $7,938
    Nontaxable benefits
    $14,383
    Filer's total
    $223,818

  • Angela Briggs-Paige

    VICE PRESIDENT, PEOPLE & CULTURE

    Total calculated
    $208,821
    From this org
    $187,574
    From related orgs
    $0
    Other
    $21,247
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $187,574
    Bonus
    $0
    Other
    $0
    Deferred
    $8,037
    Nontaxable benefits
    $13,210
    Filer's total
    $208,821

  • Geogia Gilette

    VICE PRESIDENT, STRATEGIC ALLIANCES

    Total calculated
    $207,022
    From this org
    $195,791
    From related orgs
    $0
    Other
    $11,231
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $195,791
    Bonus
    $0
    Other
    $0
    Deferred
    $9,603
    Nontaxable benefits
    $1,628
    Filer's total
    $207,022

  • William Villota

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $195,780
    From this org
    $187,652
    From related orgs
    $0
    Other
    $8,128
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $187,652
    Bonus
    $0
    Other
    $0
    Deferred
    $7,146
    Nontaxable benefits
    $982
    Filer's total
    $195,780

  • Scott Gullick

    DIRECTOR, PLATFORM PARTNERSHIPS

    Total calculated
    $194,339
    From this org
    $177,962
    From related orgs
    $0
    Other
    $16,377
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,962
    Bonus
    $0
    Other
    $0
    Deferred
    $8,514
    Nontaxable benefits
    $7,863
    Filer's total
    $194,339

  • Sarah Sears

    VICE PRESIDENT, PRODUCT

    Total calculated
    $193,397
    From this org
    $176,784
    From related orgs
    $0
    Other
    $16,613
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $176,784
    Bonus
    $0
    Other
    $0
    Deferred
    $8,427
    Nontaxable benefits
    $8,186
    Filer's total
    $193,397

  • Blair Corcoran De Castillo

    SENIOR DIR, STARS POLICY PROJECT

    Total calculated
    $182,067
    From this org
    $167,367
    From related orgs
    $0
    Other
    $14,700
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,367
    Bonus
    $0
    Other
    $0
    Deferred
    $8,399
    Nontaxable benefits
    $6,301
    Filer's total
    $182,067

  • Katherine Boyer

    VP, PEOPLE EXPERIENCE & OPS.

    Total calculated
    $181,436
    From this org
    $172,368
    From related orgs
    $0
    Other
    $9,068
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,368
    Bonus
    $0
    Other
    $0
    Deferred
    $8,195
    Nontaxable benefits
    $873
    Filer's total
    $181,436

  • Christopher Francica

    SENIOR DIRECTOR, HEAD OF MARKETING

    Total calculated
    $171,159
    From this org
    $156,365
    From related orgs
    $0
    Other
    $14,794
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,365
    Bonus
    $0
    Other
    $0
    Deferred
    $7,504
    Nontaxable benefits
    $7,290
    Filer's total
    $171,159

  • Anne-Michelle Mortimer

    SENIOR DIRECTOR, INSIGHTS

    Total calculated
    $197,237
    From this org
    $187,366
    From related orgs
    $0
    Other
    $9,871
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $187,366
    Bonus
    $0
    Other
    $0
    Deferred
    $8,907
    Nontaxable benefits
    $964
    Filer's total
    $197,237

  • Bethay Kellett

    SENIOR DIRECTOR CUSTOMER EXPERIENCE

    Total calculated
    $186,728
    From this org
    $171,042
    From related orgs
    $0
    Other
    $15,686
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $171,042
    Bonus
    $0
    Other
    $0
    Deferred
    $8,341
    Nontaxable benefits
    $7,345
    Filer's total
    $186,728

  • Alicia Ogilvie

    DIRECTOR, PRODUCT

    Total calculated
    $181,903
    From this org
    $172,120
    From related orgs
    $0
    Other
    $9,783
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,120
    Bonus
    $0
    Other
    $0
    Deferred
    $2,446
    Nontaxable benefits
    $7,337
    Filer's total
    $181,903

  • Eduardo Ferraz

    PRINCIPAL SOFTWARE ENGINEER

    Total calculated
    $178,002
    From this org
    $156,267
    From related orgs
    $0
    Other
    $21,735
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,267
    Bonus
    $0
    Other
    $0
    Deferred
    $7,496
    Nontaxable benefits
    $14,239
    Filer's total
    $178,002

  • Natalie Foley

    DIR., ADVISORY PRODUCTS & SVCS.

    Total calculated
    $172,496
    From this org
    $157,470
    From related orgs
    $0
    Other
    $15,026
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,470
    Bonus
    $0
    Other
    $0
    Deferred
    $7,710
    Nontaxable benefits
    $7,316
    Filer's total
    $172,496

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 $73,516 · assets $268,994

    Directly controlled by OPPORTUNITYWORK INC

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2024
IRS schema version
2023v5.1
Source object
202422059349301457

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