Center for Growth and Opportunity EIN 45-3564310 Form 990 (PDF) Claim this org

Center for Growth and Opportunity

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Researches how individuals, businesses, and government interact to boost well-being and opportunity. For fiscal year 2024 it reported $228K in revenue, $3.1M in expenses, and $703K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Logan, UT
Website
www.growthopportunity.org
Filings
5 on file (2020–2024)
Revenue
$228KFY2024
Expenses
$3.1M
Net assets
$703K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3564310 Public charity (501(c)(3)) Logan, UT
Form 990 (PDF)
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Size
$100K–1M
What they do
Researches how individuals, businesses, and government interact to boost well-being and opportunity.
Leadership
Christopher Koopman · Key Employee · $155K
Money in and out
$228K revenue, $3.1M expenses
Bottom line
93% program efficiency
Where the money goes · FY2024
Total revenue
$228K
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$703K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.9M
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs▲ +16% vs prior filing year
Operating runway
2.9mo
months of highly liquid reserves at operating expense rate▼ -47% vs prior filing year
Surplus margin
-1277%
revenue over expenses, this year▼ -28408% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$228K
FY2024▼ -97%
Expenses
$3.1M
FY2024▼ -58%
Total assets
$703K
FY2024▼ -83%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$228K
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$703K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.9M
Total assetsPt X · Ln 16$703K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

2 program services account for $2.9M of program spending, described in the organization's own filed words · FY2024.
01

Research

We focus on transformative research projects. Every project we select disrupts, challenges, and changes the way people think about ongoing public policy questions, and will paint an optimistic vision that provides a clear path for insightful, innovative, and responsible solutions.

$2.6Mprogram expense
02

Academic Student Programs

The center for growth and opportunity is committed to talent development. Students have opportunities to research real-world economic policy topics, tackle big ideas, and develop dynamic skills.

$348Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCenter for Growth and Opportunity
EINHdr · item D45-3564310
Principal addressHdr · item CLogan, UT
WebsiteHdr · item Jwww.growthopportunity.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q32)
Ruling yearIRS BMFMay 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$154,503Pt VII · Sec A
$143,888Pt VII · Sec A
Key Employee
$105,241Pt VII · Sec A
Employee
$82,250Pt VII · Sec A
$79,087Pt VII · Sec A
$70,834Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Christopher Koopman’s $155K as Key Employee is at the 95th percentile of top reported officer pay among 1637 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Blake Dursteler$143,888$253,075$478,300$203,300$203,300
Christopher Koopman$154,503$400,675$275,900$265,900$230,900
Eli Dourado$105,241$228,175$210,900$180,900
Rick Evans$216,450$138,075
Taylor Barkley$79,087$193,183
Randy Simmons$142,083$153,609
Will Rinehart$118,175$125,900
Megan Jenkins$125,675$125,464

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$227K
Investment income$671
Total revenueLn 12$228K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$2.9M
Management & general7%$234K
Total functional expensesLn 25$3.1M

Balance Sheet

Part X · end of year
CashLn 1$208K
Total assetsLn 16$703K
Total liabilitiesLn 26$0
Total net assetsLn 32$703K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $703K · Operating expenses (Pt IX) $3.1M · Less non-cash grants $215K · Cash operating expenses/yr $2.9M
2.9 months
Where the money goes
Program services
Program services $2.9M · Total expenses $3.1M
93%
Management & General
Management & general $234K · Total expenses $3.1M
7%
Fundraising
Fundraising $0 · Total expenses $3.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $521K · Solicited contributions (3-yr avg) $5.4M
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $227K · Total revenue $228K
100%
Government reliance
Government grants — · Total revenue $228K
Earned-income share
Program service revenue $0 · Total revenue $228K
0%
Investment reliance
Investment income $671 · Total revenue $228K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $3.1M
0%
Growth & trend
Revenue growth (YoY)
This year $228K · Prior year $7.2M
-97%
Revenue CAGR
FY2020 $5.3M · FY2024 $228K
-55%
Net-asset trend (YoY)
End of year $703K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $228K · Expenses $3.1M
-1277%
Liabilities-to-Assets
Total liabilities — · Total assets $703K
Net-asset ratio
Net assets $703K · Total assets $703K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $496K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $703K
70%
People & payroll
Highest Reported Total Compensation
Individual Christopher Koopman · Reported title KEY EMPLOYEE · Highest reported compensation $155K · Total expenses $3.1M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $3.1M
40%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -97%
Investment management fee ratio 0%
Legal fee ratio 0.2%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$500K
Grants paid · 19 grants · $909K · 2020–2023
OmvFY2023$65,000
Labrum ScholarshipFY2023$30,000
JmiFY2023$26,000
AlecFY2023$19,000
Pelican InstituteFY2023$15,000
Ukrain with LoveFY2023$8,000
Beacon Center of TennesseeTN · FY2022$33,500
Pelican InstituteFY2022$25,000
Libertas InstituteCA · FY2022$25,000
Independence InstituteCO · FY2022$25,000
State Policy NetworkVA · FY2022$15,000
Bison PaddlesFY2022$8,999
Beacon Center of TennesseeTN · FY2021$33,500
Independence InstituteCO · FY2021$25,000
Libertas NetworkUT · FY2021$25,000
See all 19 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$228K revenue · viewing · ⤓ 990 PDF
FY2023$7.2M revenue · ⤓ 990 PDF
FY2022$9.0M revenue · ⤓ 990 PDF
FY2021$4.8M revenue · ⤓ 990 PDF
FY2020$5.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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