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← OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION

Form 990 for tax year 2025

Filed by OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION.

Totals

Total revenue
$207,147
Total expenses
$135,157
Contributions and grants received
$110,187
Grants paid
$15,000
Program service revenue
$93,970
Investment income
$2,990
Other revenue
$0
Total assets, end of year
$322,129
Total liabilities, end of year
$180
Net assets or fund balances, end of year
$321,949
Program services expenses (Part IX)
$118,803
Management and general expenses
$16,354
Fundraising expenses
$0
Program service expenses (Part III)
$118,803

Program services were 87.9% 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)

    $75,000

  • 1f · All other contributions, gifts and grants

    $35,187

  • 2a · Program service revenue: CONTRACT FOR TRAINING/

    total $93,970 · related or exempt $93,970

  • 3 · Investment income

    total $2,990 · excluded $2,990

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 7 · Other salaries and wages

    total $68,638 · program services $68,638

  • 9 · Other employee benefits

    total $4,409 · program services $4,409

  • 10 · Payroll taxes

    total $5,295 · program services $5,295

  • 11c · Fees: accounting

    total $3,116 · management and general $3,116

  • 11g · Fees: other

    total $3,200 · program services $3,200

  • 12 · Advertising and promotion

    total $129 · management and general $129

  • 13 · Office expenses

    total $2,574 · management and general $2,574

  • 14 · Information technology

    total $7,398 · management and general $7,398

  • 17 · Travel

    total $761 · program services $761

  • 19 · Conferences, conventions and meetings

    total $6,377 · program services $6,377

  • 23 · Insurance

    total $1,937 · management and general $1,937

  • 24a · Other expenses: MISC PROGRAM EXPENSES

    total $15,123 · program services $15,123

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,000 · management and general $1,000

  • 24c · Other expenses: PAYMENT GATEWAY FEES

    total $190 · management and general $190

  • 24d · Other expenses: LICENSES AND PERMITS

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,356 · end of year $31,770

  • 2 · Savings and temporary cash investments

    beginning of year $143,704 · end of year $215,359

  • 4 · Accounts receivable

    beginning of year $5,000

  • 7 · Other notes and loans receivable

    beginning of year $50,000 · end of year $50,000

  • 13 · Investments: program-related

    beginning of year $25,000 · end of year $25,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $101 · end of year $180

  • 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 $249,959 · end of year $321,949

Mission and programs · 2025

Mission

THE OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION (OTEF) EDUCATES AND INVESTS IN PEOPLE AND ORGANIZATIONS THAT CREATE HOPE. OUR PROGRAMS INCLUDE EDUCATION FOR SMALL BUSINESSES AND ASPIRING ENTREPRENEURS, PROGRAMS TO SUPPORT STUDENTS IN EXPLORING FUTURE CAREERS, AND OUR AZADVANCES INITIATIVE WHICH SUPPORTS THE CREATION AND COMMERCIALIZATION OF ARIZONA-BASED HEALTH INNOVATIONS.

Activities or mission (Part I)

THE OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION (OTEF) EDUCATES AND INVESTS IN PEOPLE AND ORGANIZATIONS THAT CREATE HOPE.

  • VOLUNTEERS FROM THE ARIZONA BIOINDUSTRY ASSOCIATION PROVIDED 1:1 MENTORING SESSIONS TO SMALL BUSINESS OWNERS AND ASPIRING ENTREPRENEURS. OUR STUDENT DISCOVERY ZONE PROGRAM (PART OF OUR AZADVANCES TALENT PROGRAM) PROVIDED HIGH SCHOOL AND UNIVERSITY STUDENTS THE OPPORTUNITY TO CONNECT WITH INDUSTRY LEADERS AND SHOWCASE THEIR RESEARCH PROJECTS. AS PART OF THIS PROGRAM, MERIT-BASED SCHOLARSHIP PRIZES WERE COMPETITIVELY AWARDED. TWO UNIVERSITY STUDENTS WERE EMPLOYED AS PART TIME STUDENT INTERNS IN 2025 FOR 3 MONTHS EACH. THE AZADVANCES CAPITAL PROGRAM MADE NO INVESTMENTS INTO EARLY STAGE LIFE SCIENCE COMPANIES IN 2025. OUR CURRENT MISSION RELATED INVESTMENT PORTFOLIO INCLUDES THREE INVESTMENTS FROM 2023. THESE EQUITIES WILL BE HELD BY OTEF AND THE FUTURE INVESTMENT PROCEEDS REMAIN WITH OTEF. ON DEC 29, 2022, THE ARIZONA STATE BOARD OF INVESTMENT APPROVED A CONTRACT WITH THE ARIZONA STATE TREASURER'S OFFICE (ASTO) FOR OTEF TO RECEIVE ONGOING DISTRIBUTIONS FROM THE ARIZONA HEALTH INNOVATION TRUST FUND TO SUPPORT ITS CHARITABLE PURPOSE AND TO PERFORM SPECIFIED SERVICES AS SET FORTH IN A.R.S. 41-177. THE FIRST DISTRIBUTIONS FROM ASTO WILL BEGIN IN 2027. $75,000 IN SUPPORT WAS PROVIDED FROM THE STATE OF ARIZONA IN 2025. BEGINNING IN 2025, THE ORGANIZATION ENTERED INTO A FEE FOR SERVICE CONTRACT WITH THE ARIZONA BIOINDUSTRY ASSOCIATION TO PROVIDE MISSION RELATED ENTREPRENEURIAL EDUCATION AND WORKFORCE DEVELOPMENT SERVICES ON BEHALF OF THE ASSOCIATION.

    Expenses $118,803 · Grants $15,000 · Revenue $93,970

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joan Koerber-Walker MBA

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    10

  • Robert Dunaway JD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Ed Nusbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2025
Filed
7 May 2026
IRS schema version
2025v4.1
Source object
202611289349302076

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