FURP.ORG / PUBLIC DATA EXPLORER

OPPORTUNITY AT WORK INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
OPPORTUNITY AT WORK INC (EIN 81-3214432)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-08-12
IRS object ID
202102249349301700
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-08-12T10:03:21-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521392008PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GELMAN ROSENBERG & FREEDMANBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14550 MONTGOMERY AVE SUITE 800NAddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP208142930ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN813214432EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OPPORTUNITYWORK INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlOPPOBusinessNameControlTxt
Phone2028474470PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 CONNECTICUT AVENUE NW NO 43AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNALIN LIYANAMAPersonNm
Person TitleDIR. OF FIN. AND ADMIN., & SECPersonTitleTxt
Phone2028474470PhoneNum
Signature2021-08-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNALINPersonFirstNm
Person LastLIYANAMAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD J LOCASTRO CPAPreparerPersonNm
PTINP00288314PTIN
Phone3019519090PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerBYRON G AUGUSTEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 CONNECTICUT AVENUE NW NO 430AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,927,699GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.OPPORTUNITYATWORK.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionSEE PART III, LINE 1.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee37TotalEmployeeCnt
Total Volunteers98TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,017,259PYContributionsGrantsAmt
CY Contributions Grants$8,857,387CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$152,667PYInvestmentIncomeAmt
CY Investment Income$62,587CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$7,725CYOtherRevenueAmt
PY Total Revenue$6,169,926PYTotalRevenueAmt
CY Total Revenue$8,927,699CYTotalRevenueAmt
PY Grants And Similar Paid$81,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,530,093PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,050,969CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,018,480PYOtherExpensesAmt
CY Other Expenses$3,486,776CYOtherExpensesAmt
PY Total Expenses$5,629,573PYTotalExpensesAmt
CY Total Expenses$7,537,745CYTotalExpensesAmt
PY Revenues Less Expenses$540,353PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,389,954CYRevenuesLessExpensesAmt
Total Assets BOY$11,919,934TotalAssetsBOYAmt
Total Assets EOY$13,700,786TotalAssetsEOYAmt
Total Liabilities BOY$448,971TotalLiabilitiesBOYAmt
Total Liabilities EOY$839,869TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,470,963NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$12,860,917NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO EXPAND ACCESS TO CAREER OPPORTUNITIES SO THAT ALL AMERICANS CAN WORK, LEARN, AND EARN TO THEIR FULL POTENTIAL IN A DYNAMIC ECONOMY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,409,147ExpenseAmt
DescOPPORTUNITY@WORK'S MISSION IS TO INCREASE ACCESS TO MIDDLE-WAGE JOBS FOR THE 70+ MILLION U.S. WORKERS WHO LACK BACHELOR'S DEGREES BUT ARE SKILLED THROUGH ALTERNATIVE ROUTES (STARS). MOTIVATING COMPANIES TO RECOGNIZE STARS TALENT AND REMOVE FOUR-YEAR DEGREE SCREENS WILL HELP ACHIEVE ECONOMIC MOBILITY AND RACIAL EQUITY IN THE WORKFORCE. OPPORTUNITY@WORK ENGAGES CORPORATE, PHILANTHROPIC, AND WORKFORCE PARTNERS TO DIRECTLY ADDRESS THE BARRIERS THAT STARS FACE THROUGH: - INCREASING AWARENESS OF STARS - MANY EMPLOYERS ARE UNAWARE OF THE SKILLS, SCOPE AND VALUE OF THE MILLIONS OF WORKERS WITHOUT A BACHELOR'S DEGREE, WHO GAINED THEIR SKILLS THROUGH PATHS LIKE MILITARY SERVICE, (CONTINUED ON SCHEDULE O)CERTIFICATE PROGRAMS, COMMUNITY COLLEGE, OR ON-THE-JOB LEARNING. THROUGH DATA ANALYSIS (THE STARS INSIGHTS INITIATIVE) AND COMMUNICATIONS CAMPAIGNS, WE ARE CHANGING EMPLOYER PERCEPTIONS AND BUILDING COMMITMENT TO A STARS TALENT CATEGORY.- MAKING JOB MATCHING EASIER FOR STARS - STARS' SKILLS ARE OVERLOOKED BY TRADITIONAL JOB SEARCH TOOLS AND METHODS. THROUGH THE STELLARWORX MARKETPLACE, WE'VE CREATED A "ONE-STOP SOURCE" PLATFORM TO CONNECT EMPLOYERS WITH STARS TALENT FROM INCLUSIVE TRAINING PROVIDERS AND/OR THROUGH CERTIFICATES AND SKILLS DEMONSTRATION. - DESIGNING NEW SOLUTIONS FOR STARS - THE CURRENT LABOR MARKET DOES NOT PROVIDE AMPLE PATHWAYS FOR STARS. THROUGH OUR STARS STUDIO, WE ARE IDENTIFYING THE BARRIERS THAT STARS FACE IN CAREER PATHWAYS AND RAPIDLY PROTOTYPING SOLUTIONS, ENGAGING THE EXPERTISE OF EMPLOYERS, WORKFORCE ECOSYSTEM PARTNERS, AND STARS' WORKER VOICE. 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. IN 2020, THESE PILOTS INCREASED ACCESS TO TECHNICAL TRAINING AND CREDENTIALING FOR PEOPLE FROM LOW INCOME, LOW CREDIT BACKGROUND TO FINANCE AND THEIR EDUCATION AND MOVE TOWARDS NEW CAREERS. IN 2020, WE PUBLISHED TWO LANDMARK RESEARCH REPORTS, REACH FOR THE STARS, WHICH CHARACTERIZED THE MORE THAN 70 MILLION STARS WHO HAVE THE POTENTIAL TO THRIVE IN HIGHER WAGE JOBS, AND NAVIGATING WITH THE STARS, WHICH ANALYZED PATHWAYS TO HIGHER-WAGE ROLES FOR STARS. WE ALSO BETA-TESTED OUR STELLARWORX MARKETPLACE PLATFORM IN WASHINGTON, D.C. AND LOS ANGELES, AND LAUNCHED THE STARS STUDIO. IN 2020, OPPORTUNITY@WORK'S RESEARCH ON STARS WAS FEATURED BY THE NATIONAL BUREAU OF ECONOMIC RESEARCH, THE FEDERAL RESERVE, THE BROOKINGS INSTITUTE, AS WELL AS THE NEW YORK TIMES, WALL STREET JOURNAL, BUSINESS INSIDER AND MORE. IN 2021, WE WILL PUBLISH ADDITIONAL DATA INSIGHTS RELATED TO STARS' CAREER PATHWAYS, EXPAND STELLARWORX INTO NEW MARKETS, ENGAGE IN RAPID DESIGN-CENTERED WORK TO PROTOTYPE SOLUTIONS FOR STARS' ECONOMIC MOBILITY, AND CONTINUE TO ESTABLISH STARS AS A TALENT CATEGORY. TO UNLOCK OPPORTUNITIES FOR OUR WORKERS, OUR EMPLOYERS, AND OUR ECONOMY - HIRING STARS IS ESSENTIAL. OUR PROGRAM AIMS TO PROVE THAT WORKERS ARE NOT PROBLEMS - THEY ARE PROBLEM SOLVERS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$18,030ExpenseAmt
DescTALENT 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. WE DEVELOPED AND LAUNCHED A SECOND PILOT (THE TURING PILOT) WITH THE TURING SCHOOL OF SOFTWARE AND DESIGN, A NONPROFIT TRAINING PROVIDER LOCATED IN DENVER COLORADO IN LATE 2018 THAT CONTINUED TO 2019, (CONTINUED ON SCHEDULE O)IN ADDITION TO THE GENERAL ASSEMBLY PILOT FROM 2018. BOTH PILOTS 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.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$5,427,177TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document37IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee37EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NALIN LIYANAMANABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2028474470PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11111 19TH STREET NW SUITE 1180AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
BYRON G AUGUSTE
CEO & CO-FOUNDER60.00Yes (X)Yes (X)$282,630$0$20,030
ANNE-MARIE SLAUGHTER
TREASURER1.00Yes (X)Yes (X)$0$0$0
REID HOFFMAN
CHAIRMAN1.00Yes (X)$0$0$0
NALIN LIYANAMANA
DIR. OF FIN. AND ADMIN., & SECRETARY40.00Yes (X)$137,036$0$19,600
YOLANDA TOWNSEND
COO & GENERAL COUNSEL (UNTIL 4/2020)60.00Yes (X)$141,503$0$6,135
MURALI MURUGAN
CTO40.00$327,554$0$18,452Yes (X)
SHAD AHMED
CHIEF PARTNERSHIP OFFICER60.00$236,366$0$10,894Yes (X)
KOMAL KIRTIKAR
SR. VP AND HEAD OF MARKETPLACE40.00$211,355$0$8,455Yes (X)
PAPIA DEBROY
VP OF INSIGHT40.00$164,265$0$14,330Yes (X)
WILLIAM VILOTA
SR. DIR. OF MARKETING & COMM.40.00$157,820$0$7,861Yes (X)
RICHARD POPLAWSKI
DIRECTOR OF PRODUCT40.00$147,138$0$14,757Yes (X)
ANNE-MICHELLE MORTIMER
DIRECTOR OF SPECIAL PROJECTS40.00$145,131$0$7,711Yes (X)
GEORGIA GILLETTE
DIR. OF PARTNER. & RESOURCE MOBIL.40.00$138,573$0$7,941Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,089,371TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$136,166TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K14IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
V2 SOLUTIONS
2340 WALSH AVENUE SUITE DSANTA CLARACA95051IT ENGINEERING$570,000
IDEO LLP
780 HIGH STREETPALO ALTOCA94301PROGRAM SUPPORT$492,090
SKILL UP COALITION
55 2ND STREET 25TH FLOORSAN FRANCISCOCA94105PROGRAM SUPPORT$250,000
RECRUITING DESIGN LLC
1101 KINGS WAY CT SWVIENNAVA22180PROGRAM SUPPORT$224,695
WHITEBOARD ADVISORS
1000 POTOMAC ST NW SUITE 150WASHINGTONDC20007COMMUNICATIONS SUPPORT$120,349
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt
All Other Contributions$8,857,387AllOtherContributionsAmt
Total Contributions$8,857,387TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$62,587TotalRevenueColumnAmt
Exclusion$62,587ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$7,725TotalRevenueColumnAmt
Exclusion$7,725ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$7,725OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,927,699TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$70,312ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,598,605TotalAmt
Program Services$1,080,383ProgramServicesAmt
Management And General$518,222ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,967,665TotalAmt
Program Services$1,478,886ProgramServicesAmt
Management And General$488,779ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$76,272TotalAmt
Program Services$56,997ProgramServicesAmt
Management And General$19,275ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$155,498TotalAmt
Program Services$118,323ProgramServicesAmt
Management And General$37,175ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$252,929TotalAmt
Program Services$182,109ProgramServicesAmt
Management And General$70,820ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$88TotalAmt
Program Services$63ProgramServicesAmt
Management And General$25ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$21,200TotalAmt
Program Services$15,264ProgramServicesAmt
Management And General$5,936ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,733,158TotalAmt
Program Services$1,967,874ProgramServicesAmt
Management And General$765,284ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$29,274TotalAmt
Program Services$21,077ProgramServicesAmt
Management And General$8,197ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$78,522TotalAmt
Program Services$56,537ProgramServicesAmt
Management And General$21,985ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$92,211TotalAmt
Program Services$66,392ProgramServicesAmt
Management And General$25,819ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$282,431TotalAmt
Program Services$203,350ProgramServicesAmt
Management And General$79,081ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$42,249TotalAmt
Program Services$30,419ProgramServicesAmt
Management And General$11,830ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$15,552TotalAmt
Program Services$11,198ProgramServicesAmt
Management And General$4,354ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,182TotalAmt
Program Services$1,571ProgramServicesAmt
Management And General$611ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$31,009TotalAmt
Program Services$22,326ProgramServicesAmt
Management And General$8,683ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
STAFF RETENT./RECRUIT.$135,614$97,642$37,972
ISA EXPENSES$9,396$6,765$2,631
PAYROLL PROCESSING FEES$6,894$4,964$1,930
DUES AND SUBSCRIPTIONS$4,066$2,927$1,139

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,930TotalAmt
Program Services$2,110ProgramServicesAmt
Management And General$820ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,537,745TotalAmt
Program Services$5,427,177ProgramServicesAmt
Management And General$2,110,568ManagementAndGeneralAmt
Fundraising$0FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,065,333BOYAmt
EOY$833,144EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$10,297,017BOYAmt
EOY$12,681,152EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$375,500BOYAmt
EOY$112,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$170,987BOYAmt
EOY$66,345EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$14,383LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,238LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,115BOYAmt
EOY$8,145EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,982BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,919,934BOYAmt
EOY$13,700,786EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$314,225BOYAmt
EOY$279,023EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$119,024BOYAmt
EOY$558,858EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,722BOYAmt
EOY$1,988EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$448,971BOYAmt
EOY$839,869EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,741,931BOYAmt
EOY$9,939,778EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,729,032BOYAmt
EOY$2,921,139EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,470,963BOYAmt
EOY$12,860,917EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,919,934BOYAmt
EOY$13,700,786EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,389,954ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,500,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,950,119CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,859,976CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,017,259CurrentTaxYearMinus1YearAmt
Current Tax Year$8,857,387CurrentTaxYearAmt
Total$36,184,741TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,500,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,950,119CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,859,976CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,017,259CurrentTaxYearMinus1YearAmt
Current Tax Year$8,857,387CurrentTaxYearAmt
Total$36,184,741TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$25,525,364SubstantialContributorsTotAmt
Public Support Total170$10,659,377PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$43,473CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$152,667CurrentTaxYearMinus1YearAmt
Current Tax Year$62,587CurrentTaxYearAmt
Total$258,727TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,348CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,201CurrentTaxYearMinus2YearsAmt
Current Tax Year$7,725CurrentTaxYearAmt
Total$12,274TotalAmt
FieldValueIRS element (for citing)
Total Support$36,455,742TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind
Facts And Circumstances TestOPPORTUNITY@WORK, INC. QUALIFIES AS A PUBLIC CHARITY UNDER THE "FACTS AND CIRCUMSTANCES" TEST OF 1.170A-9(F)(3) OF THE TREASURY REGULATIONS, BASED UPON THE FOLLOWING:ITS SUPPORT, AS REPORTED FOR 2020, IS 29.31%, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I).OPPORTUNITY@WORK, INC. IS ORGANIZED AND OPERATED SO AS TO ATTRACT NEW AND ADDITIONAL FUNDING ON A CONTINUOUS BASIS, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(II). OPPORTUNITY@WORK, INC. HAS RECENTLY UNDERTAKEN SIGNIFICANT EFFORTS TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT. OPPORTUNITY@WORK, INC.'S PUBLIC SUPPORT, AT 29.31%, IS WELL ABOVE THE 10% MINIMUM REQUIRED FOR THE "FACTS AND CIRCUMSTANCES" TEST, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(III). IN MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I), OPPORTUNITY@WORK, INC. HAS RECEIVED SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ALL OR MOST OF ITS SUPPORT FROM THE MEMBERS OF A SINGLE FAMILY, OR FROM A SINGLE DONOR. OPPORTUNITY@WORK, INC.'S CURRENT FUNDRAISING PLANS ARE TARGETED AT A BROAD BASE OF DONORS. IN THIS RESPECT, OPPORTUNITY@WORK, INC. MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(B).OPPORTUNITY@WORK, INC. REMAINS AN ORGANIZATION COMMITTED TO SERVING THE PUBLIC THROUGH ITS WORK. IN 2020, OPPORTUNITY@WORK, INC. CONTINUED ITS OUTREACH AND PROGRAMS AND FURTHERED ITS COMMUNICATION EFFORTS TO PROMOTE THE ORGANIZATION'S MISSION. IN THIS MANNER, OPPORTUNITY@WORK, INC. MEETS THE REQUIREMENT OF 1.170A-9(F) (3) (III) (D).FactsAndCircumstancesTestTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,383OtherCostOrOtherBasisAmt
Depreciation$6,238DepreciationAmt
Book Value$8,145BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$8,145TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED RENTDesc
Amt$1,988Amt
FieldValueIRS element (for citing)
Total Liability$1,988TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,927,699TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$8,927,699RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,927,699TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,537,745TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$7,537,745ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,537,745TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationFOR THE YEAR ENDED DECEMBER 31, 2020, 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MURALI MURUGAN
CTO$315,554$0$12,000$0$0$0$8,337$0$10,115$0$346,006$0$0$0
BYRON G AUGUSTE
CEO & CO-FOUNDER$282,630$0$0$0$0$0$7,950$0$12,080$0$302,660$0$0$0
SHAD AHMED
CHIEF PARTNERSHIP OFFICER$207,866$0$28,500$0$0$0$7,265$0$3,629$0$247,260$0$0$0
KOMAL KIRTIKAR
SR. VP AND HEAD OF MARKETPLACE$211,355$0$0$0$0$0$7,113$0$1,342$0$219,810$0$0$0
PAPIA DEBROY
VP OF INSIGHT$164,265$0$0$0$0$0$6,700$0$7,630$0$178,595$0$0$0
WILLIAM VILOTA
SR. DIR. OF MARKETING & COMM.$157,820$0$0$0$0$0$6,600$0$1,261$0$165,681$0$0$0
RICHARD POPLAWSKI
DIRECTOR OF PRODUCT$147,138$0$0$0$0$0$6,566$0$8,191$0$161,895$0$0$0
NALIN LIYANAMANA
DIR. OF FIN. AND ADMIN., & SECRETARY$137,036$0$0$0$0$0$6,377$0$13,223$0$156,636$0$0$0
ANNE-MICHELLE MORTIMER
DIRECTOR OF SPECIAL PROJECTS$145,131$0$0$0$0$0$6,461$0$1,250$0$152,842$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationTHE FOLLOWING EMPLOYEES RECEIVED BONUSES DURING THE YEAR: MURALI MURUGAN $12,000 SHAD AHMED $28,500 YOLANDA TOWNSEND $35,000ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CANNUAL 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 15ATHE 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 2021 BOARD MEETING.
FORM 990, PART VI, SECTION C, LINE 19THE 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 11GTEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 1,157,300. MANAGEMENT AND GENERAL EXPENSES 450,061. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,607,361. CREATIVE AGENCIES: PROGRAM SERVICE EXPENSES 210,400. MANAGEMENT AND GENERAL EXPENSES 81,822. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 292,222. COMMUNICATIONS: PROGRAM SERVICE EXPENSES 86,651. MANAGEMENT AND GENERAL EXPENSES 33,698. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 120,349. DIGITAL SERVICES: PROGRAM SERVICE EXPENSES 47,517. MANAGEMENT AND GENERAL EXPENSES 18,479. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,996. OTHER COMMUNICATIONS SERVICES: PROGRAM SERVICE EXPENSES 88,464. MANAGEMENT AND GENERAL EXPENSES 34,403. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 122,867. WRITING RESOURCES: PROGRAM SERVICE EXPENSES 13,655. MANAGEMENT AND GENERAL EXPENSES 5,310. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,965. SUBGRANT CONTRACTORS: PROGRAM SERVICE EXPENSES 363,887. MANAGEMENT AND GENERAL EXPENSES 141,511. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 505,398.
FORM 990, PART X, LINE 24:ON MAY 4, 2020, OPP@WORK RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $463,600 UNDER THE PAYCHECK PROTECTION PROGRAM. THE PROMISSORY NOTE CALLS FOR MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE TERM OF THE PROMISSORY NOTE WITH A DEFERRAL OF PAYMENTS FOR THE FIRST SIX MONTHS. UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE PROMISSORY NOTE MAY BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION IN WHOLE OR IN PART. SUBSEQUENT TO YEAR-END, OPP@WORK RECEIVED NOTIFICATION THAT THE LOAN HAS BEEN FORGIVEN IN FULL. ACCORDINGLY, THE BALANCE OF THE NOTE IS CLASSIFIED AS A CURRENT LIABILITY AS OF DECEMBER 31, 2020. THE BALANCE OF THE LOAN WILL BE RECOGNIZED AS REVENUE FROM EXTINGUISHMENT OF DEBT IN THE 2021 FINANCIAL STATEMENTS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1OPPORTUNITYWORK - TALENT EQUITY FUND LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11100 CONNECTICUT AVENUE NW SUITE 43AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
EIN364879557EIN
Primary ActivitiesSEE PART VII BELOWPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Total Income$68,218TotalIncomeAmt
End Of Year Assets$105,415EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1OPPORTUNITYWORK INCBusinessNameLine1Txt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B) PRIMARY ACTIVITY:FormAndLineReferenceDesc
ExplanationPROVIDING 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.ExplanationTxt