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OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION

EIN 20-3779020 PHOENIX, AZ

Largest nonprofits in Arizona

Revenue 2025
$207,147
Expenses 2025
$135,157

Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B60
Classification
2000
Street
14401 S 24TH WAY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

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.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $207,147
    Expenses
    $135,157
    Contributions
    $110,187
    Grants paid
    $15,000
  • 2024
    Revenue
    $68,211
    Expenses
    $42,598
    Contributions
    $64,252
    Grants paid
    $0
  • 2023
    Revenue
    $64,930
    Expenses
    $31,463
    Contributions
    $65,996
    Grants paid
    $0
  • 2022
    Revenue
    $200,494
    Expenses
    $92,161
    Contributions
    $200,480
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2010 · 990-EZ

    Revenue
    $25,920
    Expenses
    $28,124
    Assets (EOY)
    $26,484

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2021

Tax period
1 January 2021 to 31 December 2021
Principal officer
Joan Koerber Walker
Mailing address
14401 S 24th WayPhoenix AZ 85048
Website
https://www.otef.org

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

Where these grants went next →

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.