Opportunity School INC FY2021 filing

Tax-deductible

Amarillo, TX501(c)(3)EIN 75-1360968Revenue $2.7M in FY2021

On file with the IRSopportunityschool.com1100 S Harrison St, 79101-4214 · Amarillo, TXTax-exempt since Jan 1972School — 170(b)(1)(A)(ii)

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Through high-quality early childhood education (years 0-5) and caring family support, Opportunity School equips low-income children and their families to succeed in School and in life.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$153K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $299K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$153K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $616K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$156K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
Spent
$1.9M
To programs
88%
Net assets
$8.9M
By yearFY2021–FY2025
Revenue
$2.7M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.7M
FY2022$2.6M
FY2023$3.6M
FY2024$3.5M
FY2025$3.5M
Expenses
$1.9M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.9M
FY2022$2.6M
FY2023$3.1M
FY2024$3.3M
FY2025$3.5M
Net assets
$8.9M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$8.9M
FY2022$8.3M
FY2023$9.0M
FY2024$9.4M
FY2025$9.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.7M Management & general 8% · $141K Fundraising 4% · $78K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $153K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$82,903Pt VII · Sec A
Program Dire
$70,224Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Goodrich Jill$86,259$85,140$89,075$82,499$82,903
Webb Lesley$72,701$71,820$73,066$66,974$70,224

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides early education and family support to help low-income children succeed.

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2020
01

The school was created in 1969 by volunteers to address a community need - children who lacked basic learning skills and experiences entered school unprepared for academic achievement, and many never caught up to their peers. The school has provided nearly 3,800 young children with excellent early education and support.

$1.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 10 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$174K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.7M
Managementcol C$141K
Fundraisingcol D$78K
Owns and owesPt X
$8.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$9.1M
LiabilitiesLn 26$156K
PeoplePt VI, VII
27
listed · VII A
PaidVII A2
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$290K
Noncash giftsLn 1g$6K
Fundraising eventsLn 1c$83K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$174K
Other incomeLn 4–11$11K
Gains on assetsLn 7$118K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$974K
Land, buildings, equipmentLn 10c$4.3M
Other assetsLn 15$2.3M
Total assetsLn 16$9.1M
LiabilitiesLn 26$156K
Net assetsLn 32$8.9M
OperationsPt I, VI
EmployeesI 569
VolunteersI 6200
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.6M$1.2M
InvestmentsLn 11–13$781K$974K
Land, buildings, equipmentLn 10c$925K$4.3M
Total assetsLn 16$7.7M$9.1M
LiabilitiesLn 26$282K$156K
Net assetsLn 32$7.5M$8.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$155K$90K$43K$22K
Other salaries and wagesLn 7$1.1M$1.1M$17K$17K
Other employee benefitsLn 9$131K$121K$6K$4K
Payroll taxesLn 10$96K$88K$5K$3K
Accounting feesLn 11c$32K$32K
Investment management feesLn 11f$20K$20K
Advertising and promotionLn 12$3K$2K$2K
OccupancyLn 16$30K$24K$3K$3K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$14K$13K$701
InsuranceLn 23$35K$26K$7K$2K
Other expenses (24a–d)Ln 24$211K$204K$4K$4K
All other expensesLn 24e$38K$14K$3K$22K
Total functional expensesLn 25$1.9M$1.7M$141K$78K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.5M$3.5M−$59K$9.6M 990 PDF
FY2024 $3.5M$3.3M$190K$9.4M 990 PDF
FY2023 $3.6M$3.1M$524K$9.0M 990 PDF
FY2022 $2.6M$2.6M$9K$8.3M 990 PDF
FY2021 Viewing $2.7M$1.9M$830K$8.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $2,702,807 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,359,334$1,095,308
I-9 Program service revenuePrior year $1,258,176$1,423,181
I-10 Investment incomePrior year $89,348$173,796
I-11 Other revenuePrior year −$4,768$10,522
I-12 Total revenuePrior year $4,702,090$2,702,807
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,457,769$1,482,055
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $394,790$390,764
I-18 Total expensesPrior year $1,852,559$1,872,819
I-19 Revenue less expensesPrior year $2,849,531$829,988
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,702,807 across 11 lines filed
VIII-1c Fundraising events$83,295
VIII-1e Government grants$289,920
VIII-1f All other contributions, gifts and grants$722,093
VIII-1g Noncash contributions (included above)$5,907
VIII-1h Total contributions, gifts and grants$1,095,308
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,423,181$1,423,181
VIII-3 Investment incomeExcluded from tax $55,894$55,894
VIII-7 Net gain or loss on sales of assetsExcluded from tax $117,902$117,902
VIII-8 Net income from fundraising eventsExcluded from tax $7,984$7,984
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,538$2,538
VIII-12 Total revenueRelated to mission $1,425,719 · Excluded from tax $181,780$2,702,807
Part IX · Statement of functional expenses $1,872,819 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,722 · Management $43,313 · Fundraising $21,657$154,692
IX-7 Other salaries and wagesPrograms $1,066,269 · Management $17,280 · Fundraising $17,324$1,100,873
IX-9 Other employee benefitsPrograms $120,556 · Management $6,319 · Fundraising $4,065$130,940
IX-10 Payroll taxesPrograms $87,972 · Management $4,611 · Fundraising $2,967$95,550
IX-11c Accounting feesManagement $31,528$31,528
IX-11f Investment management feesManagement $20,462$20,462
IX-12 Advertising and promotionPrograms $1,662 · Fundraising $1,662$3,324
IX-16 OccupancyPrograms $23,976 · Management $2,997 · Fundraising $2,997$29,970
IX-19 Conferences, conventions and meetingsPrograms $6,644$6,644
IX-22 Depreciation, depletion and amortizationPrograms $13,319 · Management $701$14,020
IX-23 InsurancePrograms $26,296 · Management $7,012 · Fundraising $1,753$35,061
IX-24 Other expenses (24a–d)Programs $203,734 · Management $3,826 · Fundraising $3,826$211,386
IX-24e All other expensesPrograms $13,566 · Management $2,946 · Fundraising $21,857$38,369
IX-25 Total functional expensesPrograms $1,653,716 · Management $140,995 · Fundraising $78,108$1,872,819
Part X · Balance sheet $9,063,143 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,551,063$1,242,971
X-3 Pledges and grants receivableStart of year $1,632,799$202,639
X-4 Accounts receivableStart of year $58,554$41,860
X-9 Prepaid expenses and deferred chargesStart of year $7,205$9,110
X-10c Land, buildings and equipment, netStart of year $924,621$4,309,720
X-11 Publicly traded securitiesStart of year $780,576$974,003
X-15 Other assetsStart of year $1,786,733$2,282,840
X-16 Total assetsStart of year $7,741,551$9,063,143
X-17 Accounts payable and accrued expensesStart of year $11,434$156,376
X-26 Total liabilitiesStart of year $281,934$156,376
X-27 Net assets without donor restrictionsStart of year $2,029,404$6,069,027
X-28 Net assets with donor restrictionsStart of year $5,430,213$2,837,740
X-32 Total net assets or fund balancesStart of year $7,459,617$8,906,767
X-33 Total liabilities and net assetsStart of year $7,741,551$9,063,143
Part XI · Reconciliation of net assets $8,906,767 net assets at year end
XI-1 Total revenue$2,702,807
XI-2 Total expenses$1,872,819
XI-3 Revenue less expenses$829,988
XI-4 Net assets at start of year$7,459,617
XI-5 Net unrealized gains (losses) on investments$617,162
XI-10 Net assets at end of year$8,906,767

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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