Opportunity Nashville

Nashville, TNUnknown exempt organizationEIN 83-1832932Revenue $458K in FY2024

On file with the IRSopportunitynashville.org1224 6th Avenue North · Nashville, TN

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Our mission is to bring together fellow community members who care deeply about our city's future, educating ourselves on public policy and organizing a civically-active membership.

70¢ of each $1 spent went to programs.
$110K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 5
filings with a surplus
Average surplus $9K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$458K
+288% vs prior year
Spent
$390K
To programs
70%
Net assets
$162K
By yearFY2020–FY2024
Revenue
$458K
FY2024▲ +288%
Tap a bar for its year
Revenue by fiscal year
FY2020$138K
FY2021$884K
FY2022$582K
FY2023$118K
FY2024$458K
Expenses
$390K
FY2024▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$242K
FY2021$475K
FY2022$517K
FY2023$513K
FY2024$390K
Net assets
$162K
FY2024▲ +73%
Tap a bar for its year
Net assets by fiscal year
FY2020$14K
FY2021$423K
FY2022$489K
FY2023$94K
FY2024$162K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $272K Management & general 30% · $118K

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

7 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$110,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Tanaka Vercher$110,000$120,000$130,000$30,000

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 15aNo

Programs and updates

Educate on public policy and organize members to shape the city's future.

Questions for Opportunity Nashville

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Provided by the organization

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1 program · $272K · in their own filed words · FY2024
01

We drive public conversation by facilitating honest public conversations about educational inequities and empower those served by MNPS to join the conversation; increase democratic participation by partnering with organizations and agencies to expand the electorate to better reflect those served by our schools and we affect elected…

$272Kprogram 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 · FY2023
City FundFY2023$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 1 grant · $25K · 2023–2023
Tirrc VotesTN · FY2023$25,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$458K
Ln 12
Gifts and grantsLn 1h$458K
Money outPt IX
$390K
Ln 25
Programscol B$272K
Managementcol C$118K
Owns and owesPt X
$162K
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$162K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$458K
Total revenueLn 12$458K
Assets in detailPt X, end of year
CashLn 1$162K
Cash and savings togetherLn 1–2$162K
Total assetsLn 16$162K
LiabilitiesLn 26$0
Net assetsLn 32$162K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$96K$162K
Total assetsLn 16$96K$162K
LiabilitiesLn 26$2K$0
Net assetsLn 32$94K$162K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$110K$110K
Other salaries and wagesLn 7$40K$40K
Payroll taxesLn 10$12K$4K$8K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$191K$191K
Office expensesLn 13$3K$3K
Information technologyLn 14$4K$4K
TravelLn 17$424$424
Other expenses (24a–d)Ln 24$11K$11K
All other expensesLn 24e$235$235
Total functional expensesLn 25$390K$272K$118K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $458K$390K$68K$162K 990 PDF
FY2023 $118K$513K−$395K$94K 990 PDF
FY2022 $582K$517K$66K$489K 990 PDF
FY2021 $884K$475K$409K$423K 990 PDF
FY2020 $138K$242K−$104K$14K 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 FY2024 990 (6 parts)
Part I · Summary $458,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $117,925$458,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $117,925$458,000
I-13 Grants and similar amounts paidPrior year $25,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $171,087$162,209
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $316,633$227,333
I-18 Total expensesPrior year $512,720$389,542
I-19 Revenue less expensesPrior year −$394,795$68,458
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $458,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$458,000
VIII-1h Total contributions, gifts and grants$458,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$458,000
Part IX · Statement of functional expenses $389,542 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $110,000$110,000
IX-7 Other salaries and wagesPrograms $40,250$40,250
IX-10 Payroll taxesPrograms $3,924 · Management $8,035$11,959
IX-11b Legal feesPrograms $8,000$8,000
IX-11c Accounting feesPrograms $9,255$9,255
IX-11g Other fees for servicesPrograms $190,823$190,823
IX-13 Office expensesPrograms $2,724$2,724
IX-14 Information technologyPrograms $4,425$4,425
IX-17 TravelPrograms $424$424
IX-24 Other expenses (24a–d)Programs $11,447$11,447
IX-24e All other expensesPrograms $235$235
IX-25 Total functional expensesPrograms $271,507 · Management $118,035 · Fundraising $0$389,542
Part X · Balance sheet $162,334 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $96,376$162,334
X-16 Total assetsStart of year $96,376$162,334
X-26 Total liabilitiesStart of year $2,500$0
X-27 Net assets without donor restrictionsStart of year $93,876$162,334
X-32 Total net assets or fund balancesStart of year $93,876$162,334
X-33 Total liabilities and net assetsStart of year $96,376$162,334
Part XI · Reconciliation of net assets $162,334 net assets at year end
XI-1 Total revenue$458,000
XI-2 Total expenses$389,542
XI-3 Revenue less expenses$68,458
XI-4 Net assets at start of year$93,876
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$162,334

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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