Opportunity at Work INC FY2021 filing

Tax-deductible

Washington, DC501(c)(3)Since 2016EmploymentEIN 81-3214432Revenue $9.6M in FY2021

On file with the IRSopportunityatwork.org1100 Connecticut Ave Nw Ste 430, 20036-4120 · Washington, DCTax-exempt since Oct 2016Publicly supported charity — 170(b)(1)(A)(vi)

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See part III, line 1.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$2.0M 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $4.1M a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $10.5M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$752K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.6M
+7% vs prior year
Spent
$14.4M
To programs
73%
Net assets
$8.0M
By yearFY2020–FY2024
Revenue
$9.6M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.9M
FY2021$9.6M
FY2022$27.8M
FY2023$28.4M
FY2024$30.4M
Expenses
$14.4M
FY2021▲ +91%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.5M
FY2021$14.4M
FY2022$20.6M
FY2023$21.4M
FY2024$20.7M
Net assets
$8.0M
FY2021▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.9M
FY2021$8.0M
FY2022$16.4M
FY2023$23.4M
FY2024$33.7M

From the FY2021 Form 990 · 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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2016.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $10.5M Management & general 27% · $3.9M

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

12 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Co-Founder
$294,206Pt VII · Sec A
Chief Operating Officer
$264,821Pt VII · Sec A
CTO (until 4/2021)
$243,156Pt VII · Sec A
Senior Vice President, Insight
$194,300Pt VII · Sec A
Chief Innovation Officer (from 4/21)
$192,995Pt VII · Sec A
Senior Dir., Strategic Initiatives
$182,729Pt VII · Sec A
VP, Marketing & Communications
$173,000Pt VII · Sec A
VP, Strategic Alliances
$167,009Pt VII · Sec A

Byron G Auguste’s $319K as Board Dir., CEO and Co-Founder is at the 74th percentile of top reported officer pay among 414 $10–100M employment 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
Murali Murugan———$243,156$327,554
Byron G Auguste$318,937$317,018$306,849$294,206$282,630
Shad Ahmed$220,290$284,616$302,624$264,821$236,366
Yscaira Jimenez—$249,307$255,116$192,995—
Papia Debroy$251,719$217,532$209,672$194,300$164,265
Bridgette Gray—$239,083$249,204——
Kelcey Reed—$235,507———
Courtney Haynes$231,164————

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

Connects skilled workers without college degrees to employers, opening up job opportunities and boosting their earnings.

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Provided by the organization

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2 programs · $10.5M · in their own filed words · FY2021
01

Opportunity@work's mission is to rewire the labor market for the 70+ million workers in america who are skilled through alternative routes (stars) instead of a bachelor's degree. By engaging employers to expand access to thriving-wage career pathway jobs to stars talent, organizations will find skilled talent, support economic mobility…

$10.5Mprogram expense
02

Talent Financing Solutions

We used two pilots to test innovative financing mechanisms (in this case, income share agreements), tracking repayment metrics after training to help us and the workforce development field to betterunderstand the scalability of training and sustainability for different FUNDERS/INVESTORS.PROGRAM service accomplishments: both the pilots we…

$24Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 8 grants · $1.0M · 2024–2024
Propel AmericaMA · FY2024$137,500
Northland Workforce Training CenterNY · FY2024$137,500
Tides CenterCA · FY2024$75,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.6M
Ln 12
Gifts and grantsLn 1h$9.6M
Other incomeLn 4–11$10K
Investment incomeLn 3$2K
Money outPt IX
$14.4M
Ln 25
Programscol B$10.5M
Managementcol C$3.9M
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$7.4M
Total assetsLn 16$8.8M
LiabilitiesLn 26$752K
PeoplePt VI, VII
12
listed · VII A
PaidVII A10
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.6M
Government grantsLn 1e$464K
Investment incomeLn 3$2K
Other incomeLn 4–11$10K
Total revenueLn 12$9.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$6.3M
Cash and savings togetherLn 1–2$7.4M
Land, buildings, equipmentLn 10c$142K
Other assetsLn 15$26K
Total assetsLn 16$8.8M
LiabilitiesLn 26$752K
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 537
VolunteersI 698
Fiscal year endsHeaderDecember
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$13.5M$7.4M
Land, buildings, equipmentLn 10c$8K$142K
Total assetsLn 16$13.7M$8.8M
LiabilitiesLn 26$840K$752K
Net assetsLn 32$12.9M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.3M$875K$384K
Other salaries and wagesLn 7$5.1M$3.7M$1.3M
Pension plan contributionsLn 8$196K$144K$52K
Other employee benefitsLn 9$310K$230K$81K
Payroll taxesLn 10$441K$320K$120K
Legal feesLn 11b$24K$18K$7K
Accounting feesLn 11c$23K$17K$6K
Other fees for servicesLn 11g$5.8M$4.2M$1.6M
Advertising and promotionLn 12$157K$114K$43K
Office expensesLn 13$149K$108K$41K
Information technologyLn 14$211K$153K$58K
OccupancyLn 16$82K$60K$22K
TravelLn 17$48K$35K$13K
Conferences, conventions and meetingsLn 19$129K$94K$35K
Depreciation, depletion and amortizationLn 22$26K$19K$7K
InsuranceLn 23$43K$31K$12K
Other expenses (24a–d)Ln 24$509K$370K$139K
All other expensesLn 24e$5K$4K$1K
Total functional expensesLn 25$14.4M$10.5M$3.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $30.4M$20.7M$9.7M$33.7M 990 PDF
FY2023 $28.4M$21.4M$7.0M$23.4M 990 PDF
FY2022 $27.8M$20.6M$7.1M$16.4M 990 PDF
FY2021 Viewing $9.6M$14.4M−$4.9M$8.0M 990 PDF
FY2020 $8.9M$7.5M$1.4M$12.9M 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 $9,572,974 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,857,387$9,560,963
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $62,587$2,294
I-11 Other revenuePrior year $7,725$9,717
I-12 Total revenuePrior year $8,927,699$9,572,974
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,050,969$7,257,310
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,486,776$7,169,982
I-18 Total expensesPrior year $7,537,745$14,427,292
I-19 Revenue less expensesPrior year $1,389,954−$4,854,318
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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 $9,572,974 across 6 lines filed
VIII-1e Government grants$463,600
VIII-1f All other contributions, gifts and grants$9,097,363
VIII-1h Total contributions, gifts and grants$9,560,963
VIII-3 Investment incomeExcluded from tax $2,294$2,294
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $9,717$9,717
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $12,011$9,572,974
Part IX · Statement of functional expenses $14,427,292 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $875,394 · Management $383,830$1,259,224
IX-7 Other salaries and wagesPrograms $3,706,882 · Management $1,344,051$5,050,933
IX-8 Pension plan contributionsPrograms $144,250 · Management $51,800$196,050
IX-9 Other employee benefitsPrograms $229,785 · Management $80,555$310,340
IX-10 Payroll taxesPrograms $320,479 · Management $120,284$440,763
IX-11b Legal feesPrograms $17,562 · Management $6,591$24,153
IX-11c Accounting feesPrograms $16,683 · Management $6,262$22,945
IX-11g Other fees for servicesPrograms $4,190,792 · Management $1,572,917$5,763,709
IX-12 Advertising and promotionPrograms $113,872 · Management $42,739$156,611
IX-13 Office expensesPrograms $108,180 · Management $40,603$148,783
IX-14 Information technologyPrograms $153,202 · Management $57,501$210,703
IX-16 OccupancyPrograms $59,867 · Management $22,469$82,336
IX-17 TravelPrograms $35,167 · Management $13,199$48,366
IX-19 Conferences, conventions and meetingsPrograms $93,952 · Management $35,263$129,215
IX-22 Depreciation, depletion and amortizationPrograms $19,105 · Management $7,170$26,275
IX-23 InsurancePrograms $30,963 · Management $11,621$42,584
IX-24 Other expenses (24a–d)Programs $370,265 · Management $138,970$509,235
IX-24e All other expensesPrograms $3,684 · Management $1,383$5,067
IX-25 Total functional expensesPrograms $10,490,084 · Management $3,937,208 · Fundraising $0$14,427,292
Part X · Balance sheet $8,759,075 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $833,144$1,148,450
X-2 Savings and temporary cash investmentsStart of year $12,681,152$6,273,053
X-3 Pledges and grants receivableStart of year $112,000$1,032,400
X-9 Prepaid expenses and deferred chargesStart of year $66,345$137,433
X-10c Land, buildings and equipment, netStart of year $8,145$142,234
X-15 Other assetsStart of year $0$25,505
X-16 Total assetsStart of year $13,700,786$8,759,075
X-17 Accounts payable and accrued expensesStart of year $279,023$695,740
X-24 Unsecured notes and loans payableStart of year $558,858$56,736
X-25 Other liabilitiesStart of year $1,988$0
X-26 Total liabilitiesStart of year $839,869$752,476
X-27 Net assets without donor restrictionsStart of year $9,939,778$4,070,462
X-28 Net assets with donor restrictionsStart of year $2,921,139$3,936,137
X-32 Total net assets or fund balancesStart of year $12,860,917$8,006,599
X-33 Total liabilities and net assetsStart of year $13,700,786$8,759,075
Part XI · Reconciliation of net assets $8,006,599 net assets at year end
XI-1 Total revenue$9,572,974
XI-2 Total expenses$14,427,292
XI-3 Revenue less expenses−$4,854,318
XI-4 Net assets at start of year$12,860,917
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,006,599

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

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