2022-08-08T13:10:16-05:00 2021-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2021-01-01 813214432 OPPORTUNITYWORK INC OPPO 2028474470 1100 CONNECTICUT AVENUE NW 430 WASHINGTON DC 20036 BYRON G AUGUSTE CEO & CO-FOUNDER 2028474470 2022-08-08 1 BYRON AUGUSTE 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BYRON G AUGUSTE 1100 CONNECTICUT AVENUE NW 430 WASHINGTON DC 20036 9572974 0 X WWW.OPPORTUNITYATWORK.ORG X 2016 DE SEE PART III, LINE 1. 3 2 77 98 0 0 8857387 9560963 0 0 62587 2294 7725 9717 8927699 9572974 0 0 0 0 4050969 7257310 0 0 0 3486776 7169982 7537745 14427292 1389954 -4854318 13700786 8759075 839869 752476 12860917 8006599 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 10465701 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 AND ACHIEVE GREATER RACIAL EQUITY IN THEIR WORKFORCE. OPPORTUNITY@WORK ENGAGES CORPORATE, TECHNOLOGY, PHILANTHROPIC, EDUCATION, AND WORKFORCE PARTNERS TO DIRECTLY ADDRESS THE BARRIERS THAT STARS FACE THROUGH: - ESTABLISHING THE STARS TALENT CATEGORY - MANY EMPLOYERS ARE UNAWARE OF THE SKILLS, SCOPE, AND VALUE OF THE MILLIONS OF WORKERS WITHOUT A (CONTINUED ON SCHEDULE O)BACHELOR'S DEGREE, WHO GAINED THEIR SKILLS THROUGH PATHS LIKE MILITARY SERVICE, CERTIFICATE PROGRAMS, COMMUNITY COLLEGE, OR ON-THE-JOB LEARNING. THROUGH THE STARS INSIGHTS INITIATIVE & STARS RESEARCH COMMUNITY, THE STARS POLICY PROJECT, AND THE STARS NATIONAL NARRATIVE CAMPAIGN, OPPORTUNITY@WORK AIMS TO ESTABLISH STARS RECRUITING ALONGSIDE CAMPUS RECRUITING AS A VITAL SOURCE OF EXPERIENCED AND SKILLED TALENT. IN 2022, OPPORTUNITY@WORK RELEASED GROUNDBREAKING RESEARCH AND LAUNCHED A NATIONAL CAMPAIGN IN PARTNERSHIP WITH THE AD COUNCIL AND 30+ CORPORATE AND WORKFORCE PARTNERS.- BUILDING SKILLS-FIRST HIRING WORKFLOWS & TECHNOLOGY INFRASTRUCTURE - STARS AND THEIR SKILLS ARE CURRENTLY OVERLOOKED BY TRADITIONAL JOB SEARCH TOOLS AND METHODS. THROUGH THE STELLARWORX TALENT MARKETPLACE, WE'VE CREATED A "ONE-STOP SOURCE" OF STARS AND JOBS FOR STARS TO SUPPORT EMPLOYERS TO MORE EFFECTIVELY SOURCE SKILLED TALENT AND STARS TO MATCH WITH EMPLOYERS INTENTIONALLY SEEKING STARS TALENT. WITH THOUSANDS OF STARS AND HUNDREDS OF EMPLOYERS IN 6 STATES, THE STELLARWORX PLATFORM IN 2022 HAS BEGUN PURSUING A MULTI-YEAR NATIONWIDE EXPANSION STRATEGY ALONGSIDE SEVERAL PARTNERS IN THE WORKFORCE AND TALENT TECHNOLOGY SPACE.- DESIGNING & DEPLOYING NEW SOLUTIONS FOR EMPLOYERS AND STARS - THE CURRENT LABOR MARKET DOES NOT PROVIDE AMPLE PATHWAYS AND SUPPORT FOR STARS AND EMPLOYERS ARE EARLY IN THEIR JOURNEY TO HIRE AND ADVANCE STARS AT SCALE. OPPORTUNITY@WORK SEEKS TO MAINSTREAM STARS HIRING BY RELEASING A SET OF DECISION SUPPORT TOOLS AND MODELS. IN 2022, OPPORTUNITY@WORK RELEASED A SERIES OF STARS REGIONAL DASHBOARDS, POWERED BY OPPORTUNITY@WORK'S STARS MOBILITY DATA MODEL, TO SUPPORT EMPLOYERS IN BUILDING DATA-DRIVEN STARS TALENT STRATEGIES. THROUGH OUR STARS INNOVATION ENGINE-OUR IN-HOUSE STARS-CENTERED DESIGN STUDIO-WE ARE IDENTIFYING THE BARRIERS THAT STARS AND EMPLOYERS FACE AND RAPIDLY PROTOTYPING SOLUTIONS WITH STARS, EMPLOYERS AND WORKFORCE ECOSYSTEM PARTNERS. BY ESTABLISHING THE STARS TALENT CATEGORY, BUILDING VITAL SKILLS-FIRST DATA & TECHNOLOGY INFRASTRUCTURE, AND DEPLOYING NEW SOLUTIONS, 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. 24383 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 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. 10490084 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 59 0 1 77 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 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 CEO & CO-FOUNDER 60.00 X X 294206 0 30191 ANNE-MARIE SLAUGHTER TREASURER 1.00 X X 0 0 0 REID HOFFMAN CHAIRMAN 1.00 X 0 0 0 NALIN LIYANAMANA DIRECTOR OF FINANCE & SECRETARY 50.00 X 156189 0 20396 SHAD AHMED CHIEF OPERATING OFFICER 60.00 X 264821 0 24290 MURALI MURUGAN CTO (UNTIL 4/2021) 50.00 X 243156 0 12429 PAPIA DEBROY SENIOR VICE PRESIDENT, INSIGHT 50.00 X 194300 0 19246 MICHELLE LUNDBERG SENIOR DIR., STRATEGIC INITIATIVES 40.00 X 182729 0 21607 YSCAIRA JIMENEZ CHIEF INNOVATION OFFICER (FROM 4/21) 50.00 X 192995 0 8319 WILLIAM VILLOTA VP, MARKETING & COMMUNICATIONS 50.00 X 173000 0 8311 GEORGIA GILLETTE VP, STRATEGIC ALLIANCES 50.00 X 167009 0 9483 ANNE-MICHELLE MORTIMER DIRECTOR OF INSIGHTS 50.00 X 156907 0 8087 2025312 0 162359 22 0 1 0 IDEO LLP 780 HIGH STREET PALO ALTO CA 94301 PROGRAM SUPPORT 1642150 RESOLVIT RESOURCES 895 CENTRAL AVENUE SUITE 1180 CINCINNATI OH 45202 IT ENGINEERING 1021865 SKILL UP COALITION 55 2ND STREET 25TH FLOOR SAN FRANCISCO CA 94105 PROGRAM SUPPORT 250000 V2 SOLUTIONS 2340 WALSH AVENUE SUITE D SANTA CLARA CA 95051 IT ENGINEERING 195640 BRITERIS 300 DELAWARE AVE SUITE 256 WILMINGTON DE 19801 IT ENGINEERING 147772 11 463600 9097363 9560963 2294 2294 MISCELLANEOUS 900099 9717 9717 9717 9572974 0 0 12011 X 1259224 875394 383830 5050933 3706882 1344051 196050 144250 51800 310340 229785 80555 440763 320479 120284 24153 17562 6591 22945 16683 6262 5763709 4190792 1572917 156611 113872 42739 148783 108180 40603 210703 153202 57501 82336 59867 22469 48366 35167 13199 129215 93952 35263 26275 19105 7170 42584 30963 11621 STAFF RETENT./RECRUIT. 475289 345583 129706 ISA EXPENSES 15544 11302 4242 PAYROLL PROCESSING FEES 11664 8481 3183 DUES AND SUBSCRIPTIONS 6738 4899 1839 5067 3684 1383 14427292 10490084 3937208 0 833144 1148450 12681152 6273053 112000 1032400 66345 137433 174747 32513 8145 142234 0 25505 13700786 8759075 279023 695740 558858 56736 1988 0 839869 752476 X 9939778 4070462 2921139 3936137 12860917 8006599 13700786 8759075 -4854318 0 X 0 1 X 1 0 X 8950119 9859976 6017259 8857387 9560963 43245704 8950119 9859976 6017259 8857387 9560963 43245704 27747495 15498209 43473 152667 62587 2294 261021 1348 3201 7725 9717 21991 43528716 0.35600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174747 32513 142234 142234 X 9572974 0 9572974 0 9572974 14427292 0 14427292 0 14427292 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2021, 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 1 0 0 0 0 0 0 1 0 BYRON G AUGUSTE CEO & CO-FOUNDER 294206 0 0 0 0 0 8042 0 22149 0 324397 0 0 0 SHAD AHMED CHIEF OPERATING OFFICER 264821 0 0 0 0 0 7708 0 16582 0 289111 0 0 0 MURALI MURUGAN CTO (UNTIL 4/2021) 93239 0 12000 0 137917 0 5289 0 7140 0 255585 0 0 0 PAPIA DEBROY SENIOR VICE PRESIDENT, INSIGHT 194300 0 0 0 0 0 7050 0 12196 0 213546 0 0 0 MICHELLE LUNDBERG SENIOR DIR., STRATEGIC INITIATIVES 182729 0 0 0 0 0 8430 0 13177 0 204336 0 0 0 YSCAIRA JIMENEZ CHIEF INNOVATION OFFICER (FROM 4/21) 142995 0 50000 0 0 0 2411 0 5908 0 201314 0 0 0 WILLIAM VILLOTA VP, MARKETING & COMMUNICATIONS 173000 0 0 0 0 0 7042 0 1269 0 181311 0 0 0 NALIN LIYANAMANA DIRECTOR OF FINANCE & SECRETARY 156189 0 0 0 0 0 6649 0 13747 0 176585 0 0 0 GEORGIA GILLETTE VP, STRATEGIC ALLIANCES 167009 0 0 0 0 0 6698 0 2785 0 176492 0 0 0 ANNE-MICHELLE MORTIMER DIRECTOR OF INSIGHTS 156907 0 0 0 0 0 6831 0 1256 0 164994 0 0 0 PART I, LINE 4A MURALI MURUGAN RECEIVED A SEVERANCE PAYMENT OF $137,917. PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUSES DURING THE YEAR: - MURALI MURUGAN $12,000 - YSCAIRA JIMENEZ $50,000 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 MARCH 2022 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 2,413,126. MANAGEMENT AND GENERAL EXPENSES 905,711. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,318,837. CREATIVE AGENCIES: PROGRAM SERVICE EXPENSES 65,403. MANAGEMENT AND GENERAL EXPENSES 24,548. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,951. COMMUNICATIONS: PROGRAM SERVICE EXPENSES 74,164. MANAGEMENT AND GENERAL EXPENSES 27,836. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102,000. DIGITAL SERVICES: PROGRAM SERVICE EXPENSES 75,052. MANAGEMENT AND GENERAL EXPENSES 28,169. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,221. OTHER COMMUNICATIONS SERVICES: PROGRAM SERVICE EXPENSES 42,744. MANAGEMENT AND GENERAL EXPENSES 16,043. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,787. WRITING RESOURCES: PROGRAM SERVICE EXPENSES 10,843. MANAGEMENT AND GENERAL EXPENSES 4,070. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,913. SUBGRANT CONTRACTORS: PROGRAM SERVICE EXPENSES 1,509,460. MANAGEMENT AND GENERAL EXPENSES 566,540. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,076,000. OPPORTUNITYWORK - TALENT EQUITY FUND LLC 1100 CONNECTICUT AVENUE NW SUITE 43 WASHINGTON DC 20036 364879557 SEE PART VII BELOW DE 97325 148350 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.