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Nonprofiteer
← OPPORTUNITY MATTERS NETWORK INC

Form 990 for tax year 2023

Filed by OPPORTUNITY MATTERS NETWORK INC.

Totals

Total revenue
$1,715,000
Total expenses
$1,646,687
Contributions and grants received
$1,715,000
Grants paid
$841,218
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$274,971
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$274,971
Program services expenses (Part IX)
$1,427,350
Management and general expenses
$206,537
Fundraising expenses
$12,800
Program service expenses (Part III)
$1,427,350

Program services were 86.7% 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

    $1,715,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $841,218 · program services $841,218

  • 5 · Compensation of officers, directors and key employees

    total $65,000 · program services $44,804 · management and general $20,196

  • 11b · Fees: legal

    total $70,642 · management and general $70,642

  • 11e · Fees: professional fundraising services

    total $12,000 · fundraising $12,000

  • 11g · Fees: other

    total $56,156 · program services $20,358 · management and general $35,798

  • 12 · Advertising and promotion

    total $73,422 · management and general $73,422

  • 13 · Office expenses

    total $58 · management and general $58

  • 19 · Conferences, conventions and meetings

    total $12,593 · program services $12,593

  • 23 · Insurance

    total $5,471 · management and general $5,471

  • 24a · Other expenses: ONLINE COMMUNICATION

    total $307,500 · program services $307,500

  • 24b · Other expenses: DIGITAL MEDIA PRODUCTIO

    total $110,977 · program services $110,977

  • 24c · Other expenses: POLICY AND RESEARCH

    total $89,900 · program services $89,900

  • 24d · Other expenses: BANK FEES

    total $950 · management and general $950

  • 24e · All other expenses

    total $800 · fundraising $800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $206,658 · end of year $274,971

  • 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 $206,658 · end of year $274,971

Mission and programs · 2023

Mission

THE MISSION OF OPPORTUNITY MATTERS NETWORK IS TO HIGHLIGHT SOLUTIONS TO PROBLEMS THE COUNTRY FACES TODAY. THE OPPORTUNITY AGENDA STRIVES TO PROVIDE ALL AMERICANS WITH THE OPPORTUNITY FOR SUCCESS BY FOCUSING SPECIFICALLY ON SCHOOL CHOICE AND ECONOMIC OPPORTUNITY.

Activities or mission (Part I)

OPPORTUNITY MATTERS NETWORK'S MOST SIGNIFICANT ACTIVITIES INCLUDE DOING ISSUE ADVOCACY AWARENESS CAMPAIGNS FOR SOLUTIONS FOUND IN THE OPPORTUNITY AGENDA THROUGH DIGITAL ADS + OP-EDS.

  • ISSUE ADVOCACY + COMMUNICATIONS PROGRAM: THIS WAS OUR MAJOR PROGRAM EXPENDITURE FOR THE YEAR AND INCLUDED ALL ASPECTS OF MESSAGING THE SOLUTIONS AND POLICY PROPOSALS WITHIN THE OPPORTUNITY AGENDA, SPECIFICALLY PROMOTING ISSUE-BASED ADVOCACY AROUND OPPORTUNITY ZONES, HIGHLIGHTING FINANCIAL LITERACY, AND OPPORTUNITIES IN EDUCATION. THIS INCLUDED DIGITAL ADS, VIDEO PRODUCTION, SOCIAL MEDIA MANAGEMENT, OPTIMIZING OPPORTUNITY MATTERS NETWORK'S WEB PRESENCE, OP-EDS, AND OUR EMAIL LIST CULTIVATION.

    Expenses $1,258,695 · Grants $815,218

  • POLICY RESEARCH PROGRAM: THIS ENCOMPASSED ALL RESEARCH FOR DRAFTING NEW POLICY IDEAS TO CONSIDER AS "OPPORTUNITY POLICIES AND GAUGING DIFFERENT TARGET AUDIENCES' POTENTIAL RESPONSE. IT INCLUDED DRAFTING THE RESEARCH PAPERS AS WELL AS POLLING AND OTHER MARKET RESEARCH STRATEGIES.

    Expenses $89,900

  • EVENT SPONSORSHIP: SUPPORTING GROUPS THAT FURTHER OPPORTUNITY MATTERS NETWORK'S MESSAGE THROUGH EVENT SPONSORSHIPS.

    Expenses $26,000 · Grants $26,000

  • FURTHERING THE OPPORTUNITY MATTERS NETWORK'S MESSAGE THROUGH OUTREACH, NETWORKING, AND POLICY PROMOTION EVENTS.

    Expenses $52,755

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ben Navarro

    DIRECTOR (SERVED UNTIL 04/2023)

    Total calculated
    $0
    Hours/week
    2

  • Kevin Bruce

    PRESIDENT & DIRECTOR (AS OF 07/2023)

    Total calculated
    $0
    Hours/week
    2

  • Stephen Aaron

    PRESIDENT & DIRECTOR (UNTIL 07/2023)

    Total calculated
    $0
    Hours/week
    2

  • Charles Gantt

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Anton Castaneda

    VP AND SECRETARY

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349325032

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