Opportunity DC FY2023 filing

Not tax-deductible

Washington, DC501(c)(4)Human ServicesEIN 85-3248597Revenue $467K in FY2023

On file with the IRSopportunity-dc.org1310 L St Nw, 20005-4383 · Washington, DCTax-exempt since Dec 2023

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Opportunity dc's mission is to help the city of washington, DC become a world-class example of effective local governance and a thriving economy. We advocate for legislative and regulatory changes that lower the cost of living for district residents and employers.

89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 2
filings with a surplus
Average surplus $73K a year · 16% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$60K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$467K
Spent
$354K
To programs
89%
Net assets
$106K
By yearFY2023–FY2024
Revenue
$467K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$467K
FY2024$447K
Expenses
$354K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$354K
FY2024$413K
Net assets
$106K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$106K
FY2024$140K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked May 2023, reinstated. IRS ruling Dec 2023, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Dec 2023.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $315K Management & general 11% · $39K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (from Dec 2023)
$0Pt VII · Sec A
Director (thru Oct 2023)
$0Pt VII · Sec A

Malcom Fox’s $140K as Executive Director is at the 96th percentile of top reported officer pay among 2168 $100K–1M human services 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.

See Opportunity DC executive salaries →

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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

Advocates for policy changes to lower living costs and improve local governance and economy.

Questions for Opportunity DC

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Provided by the organization

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1 program · $315K · in their own filed words · FY2023
01

1) advance priorities identified by local stakeholders, partners, and elected leaders; 2) advocate for effective policies; and 3) support champions who can lead our city forward.

$315Kprogram 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
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $126K · 2023–2024
Opportunity DC IecFY2024$50,000
Opportunity DC IecFY2023$76,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$467K
Ln 12
Gifts and grantsLn 1h$467K
Money outPt IX
$354K
Ln 25
Programscol B$315K
Managementcol C$39K
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$60K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$467K
Total revenueLn 12$467K
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$60K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$56K$166K
Total assetsLn 16$56K$166K
LiabilitiesLn 26$63K$60K
Net assetsLn 32−$7K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$76K$76K
Management feesLn 11a$19K$19K
Legal feesLn 11b$28K$28K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$189K$189K
Office expensesLn 13$419$419
Information technologyLn 14$5K$5K
OccupancyLn 16$12K$12K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$2K$2K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$354K$315K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $447K$413K$34K$140K 990 PDF
FY2023 Viewing $467K$354K$113K$106K 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 FY2023 990 (6 parts)
Part I · Summary $467,200 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $337,500$467,200
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 $337,500$467,200
I-13 Grants and similar amounts paidPrior year $70,000$76,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $342,359$278,288
I-18 Total expensesPrior year $412,359$354,288
I-19 Revenue less expensesPrior year −$74,859$112,912
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $467,200 across 3 lines filed
VIII-1f All other contributions, gifts and grants$467,200
VIII-1h Total contributions, gifts and grants$467,200
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$467,200
Part IX · Statement of functional expenses $354,288 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $76,000$76,000
IX-11a Management feesManagement $18,598$18,598
IX-11b Legal feesPrograms $27,759$27,759
IX-11c Accounting feesManagement $7,306$7,306
IX-11g Other fees for servicesPrograms $189,154$189,154
IX-13 Office expensesManagement $419$419
IX-14 Information technologyPrograms $5,375$5,375
IX-16 OccupancyManagement $12,000$12,000
IX-17 TravelManagement $1,059$1,059
IX-19 Conferences, conventions and meetingsPrograms $1,868$1,868
IX-24 Other expenses (24a–d)Programs $14,750$14,750
IX-25 Total functional expensesPrograms $314,906 · Management $39,382 · Fundraising $0$354,288
Part X · Balance sheet $165,699 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $56,398$165,699
X-16 Total assetsStart of year $56,398$165,699
X-17 Accounts payable and accrued expensesStart of year $63,161$59,550
X-26 Total liabilitiesStart of year $63,161$59,550
X-27 Net assets without donor restrictionsStart of year −$6,763$106,149
X-32 Total net assets or fund balancesStart of year −$6,763$106,149
X-33 Total liabilities and net assetsStart of year $56,398$165,699
Part XI · Reconciliation of net assets $106,149 net assets at year end
XI-1 Total revenue$467,200
XI-2 Total expenses$354,288
XI-3 Revenue less expenses$112,912
XI-4 Net assets at start of year−$6,763
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$106,149

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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