Form 990 for tax year 2024
Filed by OPPORTUNITIES FOR A BETTER TOMORROW INC.
Totals
- Total revenue
- $8,070,445
- Total expenses
- $7,896,284
- Contributions and grants received
- $7,837,355
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,910
- Other revenue
- $231,180
- Total assets, end of year
- $5,717,699
- Total liabilities, end of year
- $3,804,362
- Net assets or fund balances, end of year
- $1,913,337
- Program services expenses (Part IX)
- $6,021,506
- Management and general expenses
- $1,571,403
- Fundraising expenses
- $303,375
- Program service expenses (Part III)
- $6,021,506
Program services were 76.3% 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)
$6,403,555
-
1f · All other contributions, gifts and grants
$1,433,800
-
3 · Investment income
total $1,910 · excluded $1,910
-
8a · Fundraising events: gross income
$106,290
-
8b · Fundraising events: direct expenses
$48,140
-
8c · Net income from fundraising events
total $58,150 · excluded $58,150
-
11a · Other revenue: REFUNDS & OTHER REVENU
total $173,030 · related or exempt $173,030
-
11e · Other revenue, total
$173,030
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $327,418 · program services $275,031 · management and general $49,113 · fundraising $3,274
-
7 · Other salaries and wages
total $2,851,325 · program services $2,477,480 · management and general $250,821 · fundraising $123,024
-
9 · Other employee benefits
total $480,554 · program services $416,340 · management and general $44,867 · fundraising $19,347
-
10 · Payroll taxes
total $292,685 · program services $253,458 · management and general $27,579 · fundraising $11,648
-
11b · Fees: legal
total $56,954 · management and general $56,954
-
11c · Fees: accounting
total $690,948 · management and general $690,948
-
11g · Fees: other
total $327,150 · program services $253,389 · management and general $24,853 · fundraising $48,908
-
12 · Advertising and promotion
total $3,294 · program services $3,100 · fundraising $194
-
13 · Office expenses
total $49,755 · program services $44,884 · management and general $3,655 · fundraising $1,216
-
14 · Information technology
total $189,221 · program services $146,558 · management and general $14,375 · fundraising $28,288
-
16 · Occupancy
total $754,189 · program services $606,476 · management and general $105,592 · fundraising $42,121
-
17 · Travel
total $90,465 · program services $79,211 · fundraising $11,254
-
20 · Interest
total $54,975 · management and general $54,975
-
22 · Depreciation, depletion and amortization
total $125,380 · management and general $125,380
-
23 · Insurance
total $60,570 · management and general $60,570
-
24a · Other expenses: STIPENDS AND RETENTION
total $458,438 · program services $458,438
-
24b · Other expenses: CONTRACTED TRAINING PRO
total $386,178 · program services $386,178
-
24c · Other expenses: SUPPLIES - PARTICIPANTS
total $286,852 · program services $286,852
-
24d · Other expenses: MEALS AND ENTERTAINMENT
total $114,123 · program services $104,585 · fundraising $9,538
-
24e · All other expenses
total $295,810 · program services $229,526 · management and general $61,721 · fundraising $4,563
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $433,001 · end of year $281,261
-
3 · Pledges and grants receivable
beginning of year $1,888,421 · end of year $2,862,453
-
4 · Accounts receivable
beginning of year $273,114 · end of year $254,323
-
9 · Prepaid expenses and deferred charges
beginning of year $3,433 · end of year $21,405
-
10a · Land, buildings and equipment: cost or other basis
$1,295,118
-
10b · Land, buildings and equipment: accumulated depreciation
$880,968
-
10c · Land, buildings and equipment, net
beginning of year $475,226 · end of year $414,150
-
15 · Other assets
beginning of year $2,410,410 · end of year $1,884,107
-
17 · Accounts payable and accrued expenses
beginning of year $705,101 · end of year $1,384,072
-
19 · Deferred revenue
beginning of year $45,500 · end of year $40,000
-
23 · Secured mortgages and notes payable
beginning of year $464,920 · end of year $404,251
-
25 · Other liabilities
beginning of year $2,528,908 · end of year $1,976,039
-
27 · Net assets without donor restrictions
beginning of year $1,374,771 · end of year $1,457,819
-
28 · Net assets with donor restrictions
beginning of year $364,405 · end of year $455,518
Mission and programs · 2024
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 18 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 $4,253,020
-
ADULT LITERACY - ASSIST INDIVIDUALS 18+ YEARS OF AGE WITH ESOL AND HSE CLASSES
Expenses $1,768,486
As filed on the 2024 return.
Listed in Part VII
-
Vincent ChiricoVINCENT CHIRICO
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Damian BivonaDAMIAN BIVONA
MEMBER - RESIGNED JUNE 25
- Total calculated
- $0
- Hours/week
- 1
-
Gehan DabareGEHAN DABARE
MEMBER - RESIGNED JUNE 25
- Total calculated
- $0
- Hours/week
- 1
-
Marc GrossMARC GROSS
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HaoJEFF HAO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Nicolas YoderNICOLAS YODER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frank MorizioFRANK MORIZIO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alison MullerALISON MULLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jenny BaxiJENNY BAXI
MEMBER - RESIGNED JAN 25
- Total calculated
- $0
- Hours/week
- 1
-
Brian MirtaBRIAN MIRTA
MEMBER - RESIGNED JUNE 25
- Total calculated
- $0
- Hours/week
- 1
-
Christian Zeiler-MunsoCHRISTIAN ZEILER-MUNSO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christine MorrisonCHRISTINE MORRISON
MEMBER - RESIGNED FEB 25
- Total calculated
- $0
- Hours/week
- 1
-
Majorie ParkerMAJORIE PARKER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Blake HyattBLAKE HYATT
MEMBER - JOINED JUNE 25
- Total calculated
- $0
- Hours/week
- 1
-
Stella ChangSTELLA CHANG
MEMBER - JOINED JUNE 25
- Total calculated
- $0
- Hours/week
- 1
-
Roman JacksonROMAN JACKSON
MEMBER - JOINED JUNE 25
- Total calculated
- $0
- Hours/week
- 1
-
Retha FernandezRETHA FERNANDEZ
MEMBER - JOINED JUNE 25
- Total calculated
- $0
- Hours/week
- 1
-
Greg RideoutGREG RIDEOUT
CO-CEO
- Total calculated
- $160,000
- From this org
- $160,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $160,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $160,000
-
Evelyn OrtizEVELYN ORTIZ
CO-CEO
- Total calculated
- $160,000
- From this org
- $160,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $160,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $160,000
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
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
- 2024
- Filed
- 8 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621319349305772
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.