2023-10-30T12:08:04-05:00 2022-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-01-01 813214432 OPPORTUNITYWORK INC OPPO 2028474470 1100 CONNECTICUT AVENUE NW 430 WASHINGTON DC 20036 BYRON G AUGUSTE CEO & CO-FOUNDER 2028474470 2023-10-30 1 BYRON AUGUSTE 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BYRON G AUGUSTE 1100 CONNECTICUT AVENUE NW 430 WASHINGTON DC 20036 27769940 0 X WWW.OPPORTUNITYATWORK.ORG X 2016 DE SEE PART III, LINE 1. 5 4 109 80 0 0 9560963 27646311 0 0 2294 43626 9717 80003 9572974 27769940 0 0 0 0 7257310 11965276 0 0 0 7169982 8668106 14427292 20633382 -4854318 7136558 8759075 18592140 752476 2226646 8006599 16365494 X TO EXPAND ACCESS TO CAREER OPPORTUNITIES SO THAT ALL AMERICANS CAN WORK, LEARN, AND EARN TO THEIR FULL POTENTIAL IN A DYNAMIC ECONOMY. 0 0 14852920 OPPORTUNITY@WORK'S MISSION IS TO REWIRE THE U.S. LABOR MARKET SO THAT ALL INDIVIDUALS WHO ARE SKILLED THROUGH ALTERNATIVE ROUTES (STARS) - INSTEAD OF A BACHELOR'S DEGREE - CAN WORK, LEARN, AND EARN TO THEIR FULL POTENTIAL. OPPORTUNITY@WORK USES A DATA-DRIVEN STRATEGY FOCUSED ON BOTH SUPPLY AND DEMAND TO ACHIEVE GREATER ECONOMIC MOBILITY AND RACIAL EQUITY ON BEHALF OF STARS. OUR OVERALL STRATEGY IS FOCUSED ON TWO INTERLOCKING PILLARS: (1) CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND FOR STARS AND (2) CATALYZING VITAL DATA, ANALYTICS, AND TECHNOLOGY INFRASTRUCTURE FOR STARS HIRING INTO MIDDLE- AND HIGH- WAGE JOBS AT SCALE. (CONTINUED ON SCHEDULE O)- CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND FOR STARS: OPPORTUNITY@WORK LEVERAGES OUR FOUNDATIONAL RESEARCH, INSIGHTS, AND ANALYTICS TO POWER A MOVEMENT TO ESTABLISH STARS, WHO GAIN THEIR SKILLS THROUGH PATHS LIKE MILITARY SERVICE, CERTIFICATE PROGRAMS, COMMUNITY COLLEGE, AND ON-THE-JOB-LEARNING, AS A CRUCIAL SKILLED TALENT POOL FOR MIDDLE- AND HIGH-WAGE JOBS. OPPORTUNITY@WORK INCREASES AWARENESS OF STARS AS SKILLED WORKERS, CHAMPIONS SKILLS-BASED HIRING, AND ENLISTS EMPLOYERS, PUBLIC SECTOR, AND WORKFORCE PARTNERS TO TAKE ACTION THROUGH THE NATIONAL TEAR THE PAPER CEILING COALITION WITH 50+ CORPORATE AND WORKFORCE PARTNERS, WELL-GROUNDED IN OUR STARS INSIGHTS AND ANALYTICS, & STARS RESEARCH COMMUNITY, AND THE STARS POLICY PROJECT.- CATALYZING VITAL DATA AND TECHNOLOGY INFRASTRUCTURE FOR STARS HIRING INTO MIDDLE- AND HIGH-WAGE JOBS AT SCALE: STARS ARE OFTEN "SCREENED OUT" BY TRADITIONAL JOB SEARCH TOOLS AND METHODS; OPPORTUNITY@WORK AND OUR COALITION ARE BUILDING A FUNDAMENTAL "INFRASTRUCTURE FOR INCLUSION" TO IMPROVE STARS HIRING OUTCOMES AND SKILLS-BASED UPWARD MOBILITY. WE'VE CREATED A "ONE-STOP SHOP" ENABLING STARS TO SIGNAL THEIR SKILLS IN CREDIBLE WAYS TO EMPLOYERS. WE'VE ALSO BUILT A NETWORK GATEWAY APPLICATION INTEGRATION (API) LAYER TO ENABLE BOTH ESTABLISHED AND EMERGING HR, TALENT, AND JOB TECHNOLOGY PLATFORMS, PRODUCTS, AND COMMUNITIES TO INTERCONNECT, LINKING EMPLOYERS, TALENT DEVELOPERS AND STARS TO MATCH SUPPLY AND DEMAND OF OVERLOOKED TALENT BASED ON STARS' SKILLS AND GOOD JOBS THAT US INDUSTRY NEEDS TO FILL. OUR STARS MOBILITY DATA MODEL POWERS TOOLS FOR EMPLOYERS TO INCLUDE STARS IN THEIR WORKFORCE STRATEGIES AND TALENT SOURCING ACTIVITIES EFFECTIVELY, SUCH AS THE STELLARSIGHT STARS STRATEGY DASHBOARD AND STARS HIRING PLAYBOOKS. IN THE NEXT DECADE, OPPORTUNITY@WORK AIMS TO ENABLE AT LEAST 1 MILLION WORKING ADULTS IN AMERICA TO TRANSLATE THEIR LEARNING INTO EARNING GENERATING A $20 BILLION BOOST IN ANNUAL EARNINGS. BY CREATING THE STARS TALENT CATEGORY TO SPARK DEMAND AND CATALYZING VITAL DATA AND TECHNOLOGY INFRASTRUCTURE, OPPORTUNITY@WORK AIMS TO ACCELERATE THE HIRING OF THE 70M+ WORKERS WHO ARE STARS INTO CAREER PATHWAY MIDDLE-WAGE JOBS AND IN DOING SO, WILL CATALYZE THE REWIRING OF THE U.S. THE LABOR MARKET SO IT WORKS FOR ALL WORKERS, NO MATTER HOW THEY HAVE DEVELOPED THEIR SKILLS. TOGETHER WITH PARTNERS, WE'RE PILOTING NEW FLEXIBLE FINANCING MODELS FOR STARS TO HELP REMOVE UP-FRONT COST BARRIERS AND REDUCE THE RISK OF INVESTING IN TRAINING. 23748 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 BETTER UNDERSTAND THE SCALABILITY OF TRAINING AND SUSTAINABILITY FOR DIFFERENT FUNDERS/INVESTORS.PROGRAM SERVICE ACCOMPLISHMENTS:BOTH THE PILOTS WE LAUNCHED INCREASED ACCESS TO TECHNICAL TRAINING AND CREDENTIALING FOR PEOPLE FROM LOW INCOME, LOW CREDIT BACKGROUND TO FINANCE THEIR EDUCATION AND TIE THE FINANCING OF THEIR TRAINING TO CAREER OUTCOMES. 14876668 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 69 0 1 109 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X NALIN LIYANAMANA 2028474470 1100 CONNECTICUT AVENUE NW 430 WASHINGTON DC 20036 BYRON G AUGUSTE BOARD DIRECTOR, CEO AND CO-FOUNDER 60.00 X X 306849 0 39859 REID HOFFMAN BOARD DIRECTOR/CHAIR 1.00 X 0 0 0 ANNE-MARIE SLAUGHTER BOARD DIRECTOR/TREASURER 1.00 X X 0 0 0 KARAN CHOPRA BOARD DIRECTOR 1.00 X 0 0 0 RHONDA MORRIS BOARD DIRECTOR 1.00 X 0 0 0 BRIAN M RHODES SECRETARY 50.00 X 207824 0 26490 NALIN LIYANAMANA DIRECTOR OF FINANCE AND SECRETARY 50.00 X 176375 0 27585 SHAD AHMED CHIEF OPERATING OFFICER 60.00 X 302624 0 35536 BRIDGETTE GRAY CHIEF CUSTOMER OFFICER 50.00 X 249204 0 27132 YSCAIRA JIMENEZ CHIEF INNOVATION OFFICER 50.00 X 255116 0 27462 KELCEY REED SR CHIEF TECHNOLOGY OFFICER 50.00 X 228078 0 35506 PAPIA DEBROY SENIOR VICE PRESIDENT, INSIGHTS 50.00 X 209672 0 27043 ANGELA NICOLE BRIGGS-PAIGE VICE PRESIDENT, PEOPLE & CULTURE 50.00 X 197500 0 36892 GEORGIA GILLETTE VICE PRESIDENT, STRATEGIC ALLIANCES 50.00 X 190272 0 16319 WILLIAM VILLOTA VP, MARKETING & COMMUNICATIONS 50.00 X 181437 0 15257 GIJUN LEE PRINCIPAL SOLUTIONS ARCHTIECT 50.00 X 171806 0 23941 ALICIA OGILVIE DIRECTOR, PRODUCT 50.00 X 176648 0 10853 ANNE-MICHELE MORTIMER SENIOR DIRECTOR, INSIGHTS 50.00 X 173347 0 18341 CATHY MORGAN DIRECTOR, STRATEGIC ALLIANCES 50.00 X 159081 0 14887 BETHANY LEIGH BOSSO SENIOR DIRECTOR, CUSTOMER EXPERIENCE 50.00 X 161378 0 23001 3347211 0 406104 49 0 1 0 THE ADVERTISING COUNCIL INC 815 SECOND AVENUE 9TH FLOOR NEW YORK NY 10017 COMMUNICATIONS SUPPORT 1434241 DATA SOCIETY 1717 EAST CARY STREET RICHMOND VA 23222 PROGRAM SUPPORT 821070 BRITERIS 300 DELAWARE AVENUE SUITE 256 WILMINGTON DE 19801 IT ENGINEERING 565868 RESOLVIT RESOURCES 895 CENTRAL AVENUE SUITE 1180 CINCINNATI OH 45202 COMMUNICATIONS SUPPORT 456776 CAPTECH VENTURES INC 7100 FOREST AVENUE SUITE 100 RICHMOND VA 23226 RESEARCH SERVICES 195580 13 27646311 27646311 43626 43626 MISCELLANEOUS 900099 80003 80003 80003 27769940 0 0 123629 X 2820030 1871479 948551 7487113 5536632 1950481 337438 247093 90345 551324 417043 134281 769371 554716 214655 23470 16922 6548 34829 25112 9717 6113843 4408080 1705763 44541 32114 12427 252877 182325 70552 621054 447780 173274 281443 202920 78523 465325 335499 129826 408955 294857 114098 34004 24517 9487 56428 40685 15743 STAFF RETENT./RECRUIT. 214541 154684 59857 PAYROLL PROCESSING FEES 35599 25667 9932 BAD DEBT 30000 21630 8370 DUES AND SUBSCRIPTIONS 20902 15070 5832 30295 21843 8452 20633382 14876668 5756714 0 1148450 2798778 6273053 250923 1032400 11208928 137433 39208 3158707 66517 142234 3092190 25505 1202113 8759075 18592140 695740 881151 56736 48400 0 1297095 752476 2226646 X 4070462 600191 3936137 15765303 8006599 16365494 8759075 18592140 7136558 1222337 0 X 0 1 X 1 0 X 9859976 6017259 8857387 9560963 27646311 61941896 9859976 6017259 8857387 9560963 27646311 61941896 42967206 18974690 43473 152667 62587 2294 43626 304647 3201 7725 9717 80003 100646 62347189 0.30430 0.35600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2628 2628 174747 66517 108230 2981332 2981332 3092190 SECURITY DEPOSIT 25505 RIGHT OF USE ASSET 1176608 1202113 OPERATING LEASE LIABILITY 1297095 1297095 X 27842324 72384 72384 27769940 0 27769940 20705766 72384 72384 20633382 0 20633382 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2022, OPP@WORK HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. X X 0 0 0 0 0 0 0 1 0 BYRON G AUGUSTE BOARD DIRECTOR, CEO AND CO-FOUNDER 306849 0 0 0 0 0 8455 0 31404 0 346708 0 0 0 SHAD AHMED CHIEF OPERATING OFFICER 302624 0 0 0 0 0 9242 0 26294 0 338160 0 0 0 YSCAIRA JIMENEZ CHIEF INNOVATION OFFICER 230116 0 25000 0 0 0 8118 0 19344 0 282578 0 0 0 BRIDGETTE GRAY CHIEF CUSTOMER OFFICER 239204 0 10000 0 0 0 7424 0 19708 0 276336 0 0 0 KELCEY REED SR CHIEF TECHNOLOGY OFFICER 228078 0 0 0 0 0 9396 0 26110 0 263584 0 0 0 PAPIA DEBROY SENIOR VICE PRESIDENT, INSIGHTS 209672 0 0 0 0 0 6967 0 20076 0 236715 0 0 0 ANGELA NICOLE BRIGGS-PAIGE VICE PRESIDENT, PEOPLE & CULTURE 197500 0 0 0 0 0 8490 0 28402 0 234392 0 0 0 BRIAN M RHODES SECRETARY 207824 0 0 0 0 0 2173 0 24317 0 234314 0 0 0 GEORGIA GILLETTE VICE PRESIDENT, STRATEGIC ALLIANCES 190272 0 0 0 0 0 6767 0 9552 0 206591 0 0 0 NALIN LIYANAMANA DIRECTOR OF FINANCE AND SECRETARY 171375 0 5000 0 0 0 6644 0 20941 0 203960 0 0 0 WILLIAM VILLOTA VP, MARKETING & COMMUNICATIONS 181437 0 0 0 0 0 6994 0 8263 0 196694 0 0 0 GIJUN LEE PRINCIPAL SOLUTIONS ARCHTIECT 171806 0 0 0 0 0 6586 0 17355 0 195747 0 0 0 ANNE-MICHELE MORTIMER SENIOR DIRECTOR, INSIGHTS 170847 0 2500 0 0 0 8542 0 9799 0 191688 0 0 0 ALICIA OGILVIE DIRECTOR, PRODUCT 171648 0 5000 0 0 0 1717 0 9136 0 187501 0 0 0 BETHANY LEIGH BOSSO SENIOR DIRECTOR, CUSTOMER EXPERIENCE 158378 0 3000 0 0 0 8033 0 14968 0 184379 0 0 0 CATHY MORGAN DIRECTOR, STRATEGIC ALLIANCES 159081 0 0 0 0 0 1457 0 13430 0 173968 0 0 0 PART I, LINE 7 BONUS COMPENSATION IS REPORTED IN PART II, COLUMN (B)(II). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS. THE FORM 990 WAS EMAILED TO THE BOARD FOR THEIR REVIEW, COMMENT AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES ARE PROVIDED BY EACH BOARD MEMBER AND EMPLOYEE. THE PRESIDENT REVIEWS ANY POTENTIAL CONFLICTS ANNUALLY AND FOLLOWS THE PROCEDURES TO RESOLVE ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION RESEARCHED COMPARABILITY DATA TO DETERMINE THE CEO'S SALARY AND RELIED ON PAYSCALE DATA FROM THE 2018 GUIDESTAR NONPROFIT COMPENSATION REPORT TO DETERMINE THE MEDIAN OF CEO SALARIES IN THE WASHINGTON, DC AREA AND COMPARED IT TO OPPORTUNITY@WORK'S CURRENT CEO'S SALARY. THE BOARD UTILIZED THIS INFORMATION FOR THE CEO'S COMPENSATION REVIEW DURING THE FEBRUARY 2023 BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO INTERESTED PARTIES AND GOVERNMENT BODIES. FORM 990, PART IX, LINE 11G TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 2,503,031. MANAGEMENT AND GENERAL EXPENSES 968,580. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,471,611. COMMUNICATIONS: PROGRAM SERVICE EXPENSES 82,166. MANAGEMENT AND GENERAL EXPENSES 31,795. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 113,961. CREATIVE AGENCIES: PROGRAM SERVICE EXPENSES 1,306,603. MANAGEMENT AND GENERAL EXPENSES 505,607. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,812,210. DIGITAL SERVICES: PROGRAM SERVICE EXPENSES 148,134. MANAGEMENT AND GENERAL EXPENSES 57,322. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205,456. OTHER COMMUNICATIONS SERVICES: PROGRAM SERVICE EXPENSES 89,780. MANAGEMENT AND GENERAL EXPENSES 34,742. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 124,522. WRITING RESOURCES: PROGRAM SERVICE EXPENSES 7,991. MANAGEMENT AND GENERAL EXPENSES 3,092. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,083. SUBGRANT CONTRACTORS: PROGRAM SERVICE EXPENSES 270,375. MANAGEMENT AND GENERAL EXPENSES 104,625. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 375,000. OPPORTUNITYWORK - TALENT EQUITY FUND LLC 1100 CONNECTICUT AVENUE NW SUITE 43 WASHINGTON DC 20036 364879557 SEE PART VII BELOW DE 84163 210816 OPPORTUNITYWORK INC PART I, COLUMN (B) PRIMARY ACTIVITY: PROVIDING FINANCIAL ASSISTANCE TO INDIVIDUALS WITH POOR OR NO CREDIT TO PURSUE EDUCATION AND TRAINING PROGRAMS, IN THE FORM OF INCOME SHARE AGREEMENT OR OTHER INNOVATIVE FINANCING.