Opportunity Matters Network INC FY2023 filing

Beverly, MAUnknown exempt organization EIN 86-1750249Revenue $1.7M in FY2023

On file with the IRS138 Conant St 2nd Floor · Beverly, MA

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Opportunity Matters network's most significant activities include doing issue advocacy awareness campaigns for solutions found in the Opportunity agenda through digital ads + op-eds.

87¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
2 of 3
filings with a surplus
Average surplus $92K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $150K
Fine: 2 funders name 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
3
of 3 voting members
Looks good: 3 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
$1.7M
+56% vs prior year
Spent
$1.6M
To programs
87%
Net assets
$275K
By yearFY2021–FY2024
Revenue
$1.7M
FY2023▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$1.1M
FY2023$1.7M
FY2024$0
Expenses
$1.6M
FY2023▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2021$616K
FY2022$1.3M
FY2023$1.6M
FY2024Not on file
Net assets
$275K
FY2023▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2021$426K
FY2022$207K
FY2023$275K
FY2024$5K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.4M Management & general 13% · $207K Fundraising 1% · $13K

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; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP and Secretary
$65,000Pt VII · Sec A
Director (served Until 04/2023)
$0Pt VII · Sec A
President & Director (as of 07/2023)
$0Pt VII · Sec A
President & Director (until 07/2023)
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Anton Castaneda—$65,000$369,320$314,760
Anton Castoneda$40,000———

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.

See Opportunity Matters Network INC 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 solutions to social issues through digital ads and opinion pieces.

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Provided by the organization

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3 programs · $1.4M · in their own filed words · FY2023
01

Issue Advocacy + Communications Program

This was our major program expenditure for the year and included all aspects of messaging the solutions and policy proposals within the opportunity agenda, specifically promoting issue-based advocacy around opportunity zones, highlighting financial literacy, and opportunities in education.

$1.3Mprogram expense
02

Policy Research Program

This encompassed all research for drafting new policy ideas to consider as "opportunity policies and gauging different target audiences' potential response. It included drafting the research papers as well as polling and other market research strategies.

$90Kprogram expense
03

Event Sponsorship

Supporting groups that further opportunity matters network's message through event sponsorships.

$26Kprogram 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 · FY2022
Total grants receivedfrom 2 funders$150K
Grants paid · 5 grants · $855K · 2022–2023
Great Opportunity Policy INCVA · FY2023$675,000
Faith WinsSC · FY2023$100,000
American Jobs and SecurityVA · FY2023$30,000
Mavericks INCDC · FY2023$25,000
Advancing Hope USA INCNC · FY2022$25,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$207K
Fundraisingcol D$13K
Owns and owesPt X
$275K
net assets · Ln 32
Cash and savingsLn 1–2$275K
Total assetsLn 16$275K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$275K
Cash and savings togetherLn 1–2$275K
Total assetsLn 16$275K
LiabilitiesLn 26$0
Net assetsLn 32$275K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY23End FY23
Cash and savingsLn 1–2$207K$275K
Total assetsLn 16$207K$275K
LiabilitiesLn 26$0$0
Net assetsLn 32$207K$275K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$841K$841K
Pay of current officers, directors and key staffLn 5$65K$45K$20K
Legal feesLn 11b$71K$71K
Professional fundraising feesLn 11e$12K$12K
Other fees for servicesLn 11g$56K$20K$36K
Advertising and promotionLn 12$73K$73K
Office expensesLn 13$58$58
Conferences, conventions and meetingsLn 19$13K$13K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$509K$508K$950
All other expensesLn 24e$800$800
Total functional expensesLn 25$1.6M$1.4M$207K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$5K 990 PDF
FY2023 Viewing $1.7M$1.6M$68K$275K 990 PDF
FY2022 $1.1M$1.3M−$219K$207K 990 PDF
FY2021 $1.0M$616K$426K$426K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,715,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,100,339$1,715,000
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 $1,100,339$1,715,000
I-13 Grants and similar amounts paidPrior year $25,000$841,218
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $369,320$65,000
I-16a Professional fundraising feesPrior year $8,500$12,000
I-17 Other expensesPrior year $916,939$728,469
I-18 Total expensesPrior year $1,319,759$1,646,687
I-19 Revenue less expensesPrior year −$219,420$68,313
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $1,715,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,715,000
VIII-1h Total contributions, gifts and grants$1,715,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,715,000
Part IX · Statement of functional expenses $1,646,687 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $841,218$841,218
IX-5 Pay of current officers, directors and key staffPrograms $44,804 · Management $20,196$65,000
IX-11b Legal feesManagement $70,642$70,642
IX-11e Professional fundraising feesFundraising $12,000$12,000
IX-11g Other fees for servicesPrograms $20,358 · Management $35,798$56,156
IX-12 Advertising and promotionManagement $73,422$73,422
IX-13 Office expensesManagement $58$58
IX-19 Conferences, conventions and meetingsPrograms $12,593$12,593
IX-23 InsuranceManagement $5,471$5,471
IX-24 Other expenses (24a–d)Programs $508,377 · Management $950$509,327
IX-24e All other expensesFundraising $800$800
IX-25 Total functional expensesPrograms $1,427,350 · Management $206,537 · Fundraising $12,800$1,646,687
Part X · Balance sheet $274,971 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $206,658$274,971
X-16 Total assetsStart of year $206,658$274,971
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $206,658$274,971
X-33 Total liabilities and net assetsStart of year $206,658$274,971
Part XI · Reconciliation of net assets $274,971 net assets at year end
XI-1 Total revenue$1,715,000
XI-2 Total expenses$1,646,687
XI-3 Revenue less expenses$68,313
XI-4 Net assets at start of year$206,658
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$274,971

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

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