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Nonprofiteer
← OPPORTUNITY PROJECT SCHOOLS INC

Form 990 for tax year 2023

Filed by OPPORTUNITY PROJECT SCHOOLS INC.

Totals

Total revenue
$7,636,277
Total expenses
$7,507,631
Contributions and grants received
$2,902,239
Grants paid
$97,500
Program service revenue
$4,340,182
Investment income
$345,655
Other revenue
$48,201
Total assets, end of year
$13,452,680
Total liabilities, end of year
$445,291
Net assets or fund balances, end of year
$13,007,389
Program services expenses (Part IX)
$7,141,476
Management and general expenses
$366,155
Fundraising expenses
$0
Program service expenses (Part III)
$7,141,476

Program services were 95.1% 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)

    $2,275,471

  • 1f · All other contributions, gifts and grants

    $626,768

  • 2a · Program service revenue: PRESCHOOL & CARE FEES

    total $4,340,182 · related or exempt $4,340,182

  • 3 · Investment income

    total $319,647 · excluded $319,647

  • 6a · Gross rents

    real property $48,201

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $48,201

  • 6d · Net rental income or loss

    total $48,201 · unrelated business $48,201

  • 7a · Gross sales of assets other than inventory

    securities $1,220,672

  • 7b · Less cost or other basis and sales expenses

    securities $1,194,664

  • 7c · Gain or loss

    securities $26,008

  • 7d · Net gain or loss

    total $26,008 · related or exempt $26,008

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $97,500 · program services $97,500

  • 7 · Other salaries and wages

    total $4,337,280 · program services $4,091,570 · management and general $245,710

  • 9 · Other employee benefits

    total $426,575 · program services $426,575

  • 10 · Payroll taxes

    total $352,613 · program services $333,816 · management and general $18,797

  • 11b · Fees: legal

    total $1,242 · management and general $1,242

  • 11c · Fees: accounting

    total $27,865 · management and general $27,865

  • 12 · Advertising and promotion

    total $54,760 · program services $54,760

  • 13 · Office expenses

    total $4,105 · management and general $4,105

  • 14 · Information technology

    total $160,694 · program services $160,694

  • 17 · Travel

    total $68,436 · management and general $68,436

  • 22 · Depreciation, depletion and amortization

    total $397,910 · program services $397,910

  • 23 · Insurance

    total $106,554 · program services $106,554

  • 24a · Other expenses: BUILDING OPERATIONS

    total $548,275 · program services $548,275

  • 24b · Other expenses: FOOD SERVICE EXPENSES

    total $371,320 · program services $371,320

  • 24c · Other expenses: UTILITIES

    total $179,526 · program services $179,526

  • 24d · Other expenses: CLASSROOM MATERIALS

    total $98,493 · program services $98,493

  • 24e · All other expenses

    total $274,483 · program services $274,483

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,361,538 · end of year $693,272

  • 4 · Accounts receivable

    beginning of year $481,612 · end of year $489,410

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,343 · end of year $126,184

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

    $12,146,428

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

    $5,436,865

  • 10c · Land, buildings and equipment, net

    beginning of year $6,931,268 · end of year $6,709,563

  • 11 · Investments: publicly traded securities

    beginning of year $4,456,989 · end of year $5,434,251

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,594 · end of year $196,837

  • 19 · Deferred revenue

    beginning of year $259,301 · end of year $51,110

  • 25 · Other liabilities

    beginning of year $199,750 · end of year $197,344

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,692,105 · end of year $13,007,389

Mission and programs · 2023

Mission

TO SUPPORT EARLY CHILDHOOD EDUCATION & DEVELOPMENT, AND OPERATE THREE SCHOOLS THAT DELIVER A HIGH QUALITY EARLY LEARNING EXPERIENCE TO CHILDREN LIVING IN POVERTY, PROVIDING THEM THE TOOLS NEEDED FOR EMOTIONAL, ACADEMIC AND LIFELONG SUCCESS

Activities or mission (Part I)

TO SUPPORT EARLY CHILDHOOD EDUCATION & DEVELOPMENT, AND OPERATE THREE SCHOOLS THAT DELIVER A HIGH QUALITY EARLY LEARNING EXPERIENCE TO CHILDREN LIVING IN POVERTY AND AT RISK, PROVIDING THEM WITH THE TOOLS NEEDED FOR EMOTIONAL, ACADEMIC AND LIFELONG SUCCESS

  • THE OPPORTUNITY PROJECT SCHOOLS, INC OPERATES THREE SCHOOLS WHICH SUPPORT EARLY CHILDHOOD EDUCATION AND EARLY CHILDHOOD DEVELOPMENT GOALS. THE THREE SCHOOLS COMBINED SERVED APPROXIMATELY 500 STUDENTS PER MONTH DURING THE LAST SCHOOL YEAR.

    Expenses $7,141,476 · Grants $97,500 · Revenue $4,366,190

As filed on the 2023 return.

Listed in Part VII

  • Barry Downing

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Paula Downing

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dan Carney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gayla Carney

    DIRECTOR

    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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • TOP SCHOOL NORTH LLC

    OPERATION OF EARLY CHILDHOOD SCHOOL · KS · income $2,284,705 · assets $249,264

  • TOP SCHOOL SOUTH LLC

    OPERATION OF EARLY CHILDHOOD SCHOOL · KS · income $2,360,266 · assets $286,648

  • TOP SCHOOL NORTHWEST LLC

    OPERATION OF EARLY CHILDHOOD SCHOOL · KS · income $2,324,876 · assets $155,660

  • TOP PROPERTIES NORTH LLC

    HOLDING COMPANY FOR SCHOOL FACILITIES · KS · income $0 · assets $2,055,487

  • TOP PROPERTIES SOUTH LLC

    HOLDING COMPANY FOR SCHOOL FACILITIES · KS · income $0 · assets $2,063,957

  • TOP PROPERTIES NORTHWEST LLC

    HOLDING COMPANY FOR SCHOOL FACILITIES · KS · income $0 · assets $2,296,426

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202413109349302946

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