Totals
- Total revenue
- $26,152,227
- Total expenses
- $6,923,352
- Contributions and grants received
- $25,702,691
- Grants paid
- $650,718
- Program service revenue
- $341,442
- Investment income
- $249,178
- Other revenue
- -$141,084
- Total assets, end of year
- $25,793,712
- Total liabilities, end of year
- $257,305
- Net assets or fund balances, end of year
- $25,536,407
- Program services expenses (Part IX)
- $4,396,453
- Management and general expenses
- $1,776,551
- Fundraising expenses
- $750,348
- Program service expenses (Part III)
- $4,396,453
Program services were 63.5% 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
$497,951
-
1e · Government grants (contributions)
$1,125,200
-
1f · All other contributions, gifts and grants
$24,079,540
-
2a · Program service revenue: APPRENTICESHIP PRGM
total $341,442 · related or exempt $341,442
-
3 · Investment income
total $249,178 · excluded $249,178
-
8a · Fundraising events: gross income
$117,500
-
8a · Fundraising events: contributions included on line 1c
$497,951
-
8b · Fundraising events: direct expenses
$260,472
-
8c · Net income from fundraising events
total -$142,972 · excluded -$142,972
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $1,888 · excluded $1,888
-
11e · Other revenue, total
$1,888
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $650,718 · program services $650,718
-
5 · Compensation of officers, directors and key employees
total $348,554 · program services $174,277 · management and general $174,277
-
7 · Other salaries and wages
total $3,617,480 · program services $2,515,474 · management and general $716,263 · fundraising $385,743
-
8 · Pension plan contributions
total $25,038 · program services $13,057 · management and general $9,434 · fundraising $2,547
-
9 · Other employee benefits
total $450,999 · program services $305,801 · management and general $108,288 · fundraising $36,910
-
10 · Payroll taxes
total $299,820 · program services $211,607 · management and general $58,830 · fundraising $29,383
-
11b · Fees: legal
total $20,105 · management and general $20,105
-
11c · Fees: accounting
total $83,487 · management and general $83,487
-
11g · Fees: other
total $698,686 · program services $274,802 · management and general $185,813 · fundraising $238,071
-
12 · Advertising and promotion
total $95,952 · program services $58,463 · management and general $35,547 · fundraising $1,942
-
13 · Office expenses
total $315,603 · program services $49,851 · management and general $230,642 · fundraising $35,110
-
14 · Information technology
total $156,576 · program services $17,298 · management and general $129,673 · fundraising $9,605
-
16 · Occupancy
total $745 · program services $583 · management and general $100 · fundraising $62
-
17 · Travel
total $91,851 · program services $61,971 · management and general $21,310 · fundraising $8,570
-
23 · Insurance
total $32,882 · program services $27,695 · management and general $2,782 · fundraising $2,405
-
24a · Other expenses: STUDENT DEVELOPMENT
total $34,856 · program services $34,856
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $694,581 · end of year $303,365
-
2 · Savings and temporary cash investments
end of year $3,080,523
-
3 · Pledges and grants receivable
beginning of year $1,912,181 · end of year $9,133,864
-
4 · Accounts receivable
end of year $219,261
-
9 · Prepaid expenses and deferred charges
beginning of year $85,309 · end of year $56,791
-
10a · Land, buildings and equipment: cost or other basis
$153,850
-
10b · Land, buildings and equipment: accumulated depreciation
$153,850
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,570,809 · end of year $12,999,908
-
17 · Accounts payable and accrued expenses
beginning of year $224,490 · end of year $257,305
-
19 · Deferred revenue
beginning of year $268,505
-
24 · Unsecured notes and loans payable
beginning of year $458,582
-
27 · Net assets without donor restrictions
beginning of year $4,239,642 · end of year $12,221,786
-
28 · Net assets with donor restrictions
beginning of year $2,071,661 · end of year $13,314,621
Mission and programs · 2022
Mission
TO ACCELERATE COMMUNITY COLLEGE STUDENTS' PROGRESS ON CAREER PATHWAYS TO ECONOMIC MOBILITY
-
INDIVIDUALIZED SUPPORT - OMD PROGRAM STAFF REGULARLY COMMUNICATE WITH CASELOADS OF SCHOLARS, BECOMING TRUSTED ADVISORS AND ADVOCATES. STAFF MEMBERS ENCOURAGE SCHOLARS TO HOLD THEMSELVES ACCOUNTABLE AS THEY PROGRESS TOWARD THEIR GOALS BY USING MOTIVATIONAL INTERVIEWING AND REGULAR PERFORMANCE EVALUATIONS THAT GIVE SCHOLARS THE OPPORTUNITY TO REFLECT ON THEIR PROGRESS AND THEIR CHALLENGES. PROGRAM STAFF ALSO MANAGE NEW STUDENT RECRUITMENT AND ONBOARDING, DATA COLLECTION AND ANALYSIS, PROGRAM VOLUNTEERS, AND THE CONTINUOUS IMPROVEMENT OF OMD PROGRAMMING AND CURRICULUM.
Expenses $3,710,879
-
TUITION AND STIPENDS - OMD PROVIDED LAST-DOLLAR SCHOLARSHIPS (FUNDING TO COVER ANY GAPS BETWEEN A SCHOLAR'S FINANCIAL AID AWARD AND TUITION COSTS) AND EDUCATIONAL STIPENDS. THESE STIPENDS DEFRAY SCHOLARS' EDUCATIONAL EXPENSES SUCH AS BOOKS, TECHNOLOGY, TRANSPORTATION, AND CHILDCARE. OMD ALSO OFFERS ENRICHMENT GRANTS TO SCHOLARS WHO APPLY. THESE GRANTS CAN BE UP TO $250 AND ARE MEANT TO DEFRAY ONE-TIME COSTS THAT WILL HELP SCHOLARS ADVANCE IN THEIR CHOSEN CAREER, SUCH AS ORGANIZATION DUES, CONFERENCE FEES OR ACCREDITATION TEST COSTS.
Expenses $650,718 · Grants $650,718
-
STUDENT DEVELOPMENT - IN ADDITION TO THESE FINANCIAL SUPPORTS, OMD SCHOLAR DEVELOPMENT MODEL INCLUDES A ROBUST SET OF ACADEMIC, PERSONAL, AND PROFESSIONAL SUPPORTS. IN THE SCHOOL YEAR, OMD PROVIDED WEEKLY INDIVIDUALIZED TUTORING TO SCHOLARS AT ALL COLLEGE COURSE LEVELS. OMD HOSTS MONTHLY PERSONAL AND PROFESSIONAL DEVELOPMENT WORKSHOPS IN WHICH SCHOLARS LEARN BUSINESS COMMUNICATION SKILLS, PERSONAL FINANCIAL LITERACY AND PLANNING, CIVIC ENGAGEMENT AND LEADERSHIP DEVELOPMENT. THEY ARE ALSO MATCHED WITH ONE OF OMD'S VOLUNTEER COACHES WHO WORK WITH THEM ON PROFESSIONAL GOAL SETTING, RESUME DEVELOPMENT, INTERVIEW SKILLS, AND POST-GRADUATE CAREER PLANNING. SCHOLARS ALSO HAD THE OPPORTUNITY TO PARTICIPATE IN EXPERIENTIAL EVENTS TO APPLY THE SKILLS THEY ARE LEARNING. OK THESE EVENTS INCLUDE OMD'S CAREER AND RESOURCE FAIR, WHERE SCHOLARS HAVE THE OPPORTUNITY TO LEARN ABOUT JOB OPPORTUNITIES AND RESOURCES AVAILABLE IN THEIR COMMUNITY AND COLLEGES; AND SPEED NETWORKING - A NETWORKING EVENT WHERE SCHOLARS PRACTICE THEIR ELEVATOR PITCHES WITH VOLUNTEERS.
Expenses $34,856 · Revenue $341,442
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Judy MarwickJUDY MARWICK
CO-CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 3
-
Thania PanopoulosTHANIA PANOPOULOS
CO-CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 3
-
Andrew BeidemanANDREW BEIDEMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Connie MixonCONNIE MIXON
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Andy WongANDY WONG
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Melissa BeanMELISSA BEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Joe DecosmoJOE DECOSMO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Andrew FeinbergANDREW FEINBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Sameer GadkareeSAMEER GADKAREE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Rose LizarragaROSE LIZARRAGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Denise PooleDENISE POOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Laurie O'SheaLAURIE O'SHEA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
David SchererDAVID SCHERER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Evette Simon-WilliamsEVETTE SIMON-WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Joseph SkardaJOSEPH SKARDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Aneesh SohoniANEESH SOHONI
CHIEF EXECUTIVE OFFICER
- Total calculated
- $307,216
- From this org
- $258,661
- From related orgs
- $0
- Other
- $48,555
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $258,661
- Bonus
- $0
- Other
- $0
- Deferred
- $33,412
- Nontaxable benefits
- $15,143
- Filer's total
- $307,216
-
Meridel TrimbleMERIDEL TRIMBLE
CHIEF OPERATING OFFICER
- Total calculated
- $211,168
- From this org
- $164,406
- From related orgs
- $0
- Other
- $46,762
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $164,406
- Bonus
- $0
- Other
- $0
- Deferred
- $32,859
- Nontaxable benefits
- $13,903
- Filer's total
- $211,168
-
Puracarina GonzalezPURACARINA GONZALEZ
EXEC DIR OF CAMPUSWIDE EXPANSION
- Total calculated
- $134,779
- From this org
- $108,244
- From related orgs
- $0
- Other
- $26,535
- Hours/week
- 50
-
Luis GonzalesLUIS GONZALES
EXEC DIR OF HUMAN RESOURCES
- Total calculated
- $124,408
- From this org
- $104,390
- From related orgs
- $0
- Other
- $20,018
- Hours/week
- 50
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 committee
- 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
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349314409
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