Skip to content
Nonprofiteer
← OPPORTUNITIES FOR A BETTER TOMORROW INC

Form 990 for tax year 2022

Filed by OPPORTUNITIES FOR A BETTER TOMORROW INC.

Totals

Total revenue
$8,006,580
Total expenses
$7,536,069
Contributions and grants received
$7,998,229
Grants paid
$0
Program service revenue
$0
Investment income
$36
Other revenue
$8,315
Total assets, end of year
$5,708,002
Total liabilities, end of year
$4,190,594
Net assets or fund balances, end of year
$1,517,408
Program services expenses (Part IX)
$6,000,190
Management and general expenses
$1,392,641
Fundraising expenses
$143,238
Program service expenses (Part III)
$6,000,190

Program services were 79.6% 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)

    $6,327,792

  • 1f · All other contributions, gifts and grants

    $1,670,437

  • 3 · Investment income

    total $36 · excluded $36

  • 11a · Other revenue: REFUNDS & OTHER REVENU

    total $8,315 · related or exempt $8,315

  • 11e · Other revenue, total

    $8,315

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $440,545 · program services $140,474 · management and general $271,977 · fundraising $28,094

  • 7 · Other salaries and wages

    total $3,869,867 · program services $3,449,671 · management and general $405,521 · fundraising $14,675

  • 9 · Other employee benefits

    total $421,772 · program services $370,947 · management and general $46,405 · fundraising $4,420

  • 10 · Payroll taxes

    total $375,540 · program services $314,347 · management and general $57,448 · fundraising $3,745

  • 11b · Fees: legal

    total $41,955 · management and general $41,955

  • 11c · Fees: accounting

    total $97,827 · management and general $97,827

  • 11g · Fees: other

    total $304,308 · program services $20,907 · management and general $205,762 · fundraising $77,639

  • 12 · Advertising and promotion

    total $20,999 · program services $17,578 · management and general $3,212 · fundraising $209

  • 13 · Office expenses

    total $108,942 · program services $91,194 · management and general $16,666 · fundraising $1,082

  • 14 · Information technology

    total $175,865 · program services $147,208 · management and general $26,903 · fundraising $1,754

  • 16 · Occupancy

    total $705,256 · program services $587,951 · management and general $110,337 · fundraising $6,968

  • 17 · Travel

    total $36,594 · program services $36,594

  • 20 · Interest

    total $30,572 · management and general $30,572

  • 22 · Depreciation, depletion and amortization

    total $47,527 · program services $39,783 · management and general $7,270 · fundraising $474

  • 23 · Insurance

    total $55,694 · program services $46,619 · management and general $8,520 · fundraising $555

  • 24a · Other expenses: SUPPLIES - PARTICIPANTS

    total $305,178 · program services $305,178

  • 24b · Other expenses: STIPENDS AND RETENTION

    total $125,988 · program services $125,988

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $121,889 · program services $102,028 · management and general $18,646 · fundraising $1,215

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $83,930 · program services $70,254 · management and general $12,839 · fundraising $837

  • 24e · All other expenses

    total $165,821 · program services $133,469 · management and general $30,781 · fundraising $1,571

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $97,926 · end of year $547,120

  • 3 · Pledges and grants receivable

    beginning of year $1,227,366 · end of year $1,065,622

  • 4 · Accounts receivable

    end of year $545,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,958

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

    $1,295,118

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

    $751,143

  • 10c · Land, buildings and equipment, net

    beginning of year $453,994 · end of year $543,975

  • 15 · Other assets

    beginning of year $155,594 · end of year $3,005,598

  • 17 · Accounts payable and accrued expenses

    beginning of year $404,397 · end of year $627,833

  • 19 · Deferred revenue

    beginning of year $186,624

  • 23 · Secured mortgages and notes payable

    beginning of year $304,920 · end of year $464,920

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,097,841

  • 27 · Net assets without donor restrictions

    beginning of year $906,897 · end of year $1,363,881

  • 28 · Net assets with donor restrictions

    beginning of year $140,000 · end of year $153,527

Mission and programs · 2022

Mission

TO BREAK THE CYCLE OF POVERTY AND INEQUITY THROUGH EDUCATION, JOB TRAINING AND EMPLOYMENT.

  • YOUTH EMPLOYMENT AND TRAINING - HELP YOUNG ADULTS BETWEEN THE AGES OF 17 AND 30 WHO EITHER LEFT SCHOOL PRIOR TO OR UPON GRADUATION TO GET THE NEEDED SKILLS FOR AN ENTRY-POSITION LEVEL. OVER 400 PEOPLE WERE SERVED BY THIS PROGRAM.

    Expenses $4,800,149

  • ADULT EDUCATION AND EMPLOYMENT - ASSIST INDIVIDUALS 18+ YEARS OF AGE WITH ESOL AND HSE CLASSES, AS WELL AS JOB PLACEMENT SERVICES

    Expenses $1,200,041

As filed on the 2022 return.

Listed in Part VII

  • Vincent Chirico

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Dan Marks

    VICE CHAIRPERSON (RESIGNED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Tamara Dews

    SECRETARY (RESIGNED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Sasha Urquidi

    TREASURER (RESIGNED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Damian Bivona

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gehan Dabare

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marc Gross

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Jillian Hopman

    MEMBER (RESIGNED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Jeff Hao

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Darrelle Spears

    MEMBER (RESIGNED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Nicolas Yoder

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Evan Lefore

    MEMBER (RESIGNED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Frank Morizio

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alison Muller

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jenny Baxi

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Mirta

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christian Zeiler-Munso

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Darlene Williams

    CEO (RESIGNED DURING YEAR)

    Total calculated
    $273,121
    From this org
    $273,121
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $273,121
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $273,121

  • Carla Licavoli

    CFO (RESIGNED DURING YEAR)

    Total calculated
    $80,515
    From this org
    $75,288
    From related orgs
    $0
    Other
    $5,227
    Hours/week
    35

  • Greg Rideout

    CO-CEO

    Total calculated
    $0
    Hours/week
    35

  • Evelyn

    CO-CEO

    Total calculated
    $0
    Hours/week
    35

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
DURING THE REPORTED PERIOD, PERFORMANCE BONUSES AND COMMISSIONS WERE PROVIDED TO CERTAIN EMPLOYEES, AS INCLUDED IN PART II, COLUMN (B)(II) OF SCHEDULE J.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349311011

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

The source document this was parsed from is served over the API, which is where bulk and document access live.