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Nonprofiteer
← OPPORTUNITY INC OF PALM BEACH COUNTY

Form 990 for tax year 2022

Filed by OPPORTUNITY INC OF PALM BEACH COUNTY.

Totals

Total revenue
$3,387,718
Total expenses
$3,196,541
Contributions and grants received
$1,780,331
Grants paid
$0
Program service revenue
$1,293,099
Investment income
$305,433
Other revenue
$8,855
Total assets, end of year
$12,951,850
Total liabilities, end of year
$64,888
Net assets or fund balances, end of year
$12,886,962
Program services expenses (Part IX)
$2,847,336
Management and general expenses
$201,201
Fundraising expenses
$148,004
Program service expenses (Part III)
$2,847,336

Program services were 89.1% 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.

  • 1c · Fundraising events

    $195,862

  • 1f · All other contributions, gifts and grants

    $1,584,469

  • 2a · Program service revenue: Tuition

    total $1,293,099 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $305,433 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $195,862

  • 11d · All other revenue

    total $8,855 · related or exempt $8,855 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $8,855

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,212 · program services $99,212 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $1,696,008 · program services $1,526,407 · management and general $135,681 · fundraising $33,920

  • 10 · Payroll taxes

    total $99,831 · program services $89,848 · management and general $7,986 · fundraising $1,997

  • 20 · Interest

    total $75 · program services $62 · management and general $10 · fundraising $3

  • 22 · Depreciation, depletion and amortization

    total $55,500 · program services $52,170 · management and general $2,775 · fundraising $555

  • 23 · Insurance

    total $166,147 · program services $136,241 · management and general $21,599 · fundraising $8,307

  • 24a · Other expenses: Advertising

    total $5,104 · program services $4,185 · management and general $664 · fundraising $255

  • 24b · Other expenses: Investment fees

    total $71,513 · program services $71,513 · management and general $0 · fundraising $0

  • 24c · Other expenses: Food - Hot Meals

    total $139,624 · program services $137,530 · management and general $2,094 · fundraising $0

  • 24d · Other expenses: Field Trips

    total $5,287 · program services $4,758 · management and general $529 · fundraising $0

  • 24e · All other expenses

    total $858,240 · program services $725,410 · management and general $29,863 · fundraising $102,967

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $394,572 · end of year $544,501

  • 3 · Pledges and grants receivable

    beginning of year $16,008 · end of year $106,097

  • 9 · Prepaid expenses and deferred charges

    beginning of year $62,307

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

    $9,856,022

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

    $830,132

  • 10c · Land, buildings and equipment, net

    beginning of year $9,081,390 · end of year $9,025,890

  • 11 · Investments: publicly traded securities

    beginning of year $3,182,190 · end of year $3,217,491

  • 15 · Other assets

    beginning of year $95,468 · end of year $57,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,126 · end of year $51,421

  • 25 · Other liabilities

    beginning of year $10,092 · end of year $13,467

  • 27 · Net assets without donor restrictions

    beginning of year $10,770,786 · end of year $10,906,031

  • 28 · Net assets with donor restrictions

    beginning of year $1,980,931 · end of year $1,980,931

Mission and programs · 2022

Mission

Empowering the children of working families to achieve academic and life success through educational programs that embrace the whole child and through family programming.

  • The cost to provide year-round, 5 day per week preschool education for 96 children, ages 6 weeks to 5 years. The goal is to prepare at-risk children to enter kindergarten meeting or exceeding state standards for school readiness to set them on a path for future success.

    Expenses $2,847,336 · Revenue $1,293,099

As filed on the 2022 return.

Listed in Part VII

  • Anderson Arnold

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Alice Eger

    Executive Director

    Total calculated
    $99,212
    From this org
    $99,212
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Adriana Schiappoli Burger

    Director

    Total calculated
    $0
    Hours/week
    2

  • Marie Marchetti

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Dora Pikounis

    Director

    Total calculated
    $0
    Hours/week
    2

  • Robin Remick

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Bill Carroll

    Director

    Total calculated
    $0
    Hours/week
    2

  • Susie Dwinell

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Tara Gronberg

    Director

    Total calculated
    $0
    Hours/week
    2

  • Gordon Anthony

    Director

    Total calculated
    $0
    Hours/week
    2

  • Peter Nicoletti

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Lazzara

    Director

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401369349311020

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