2021-08-12T10:03:21-05:00 2020-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-01-01 813214432 OPPORTUNITYWORK INC OPPO 2028474470 1100 CONNECTICUT AVENUE NW NO 43 WASHINGTON DC 20036 NALIN LIYANAMA DIR. OF FIN. AND ADMIN., & SEC 2028474470 2021-08-12 1 NALIN LIYANAMA 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X BYRON G AUGUSTE 1100 CONNECTICUT AVENUE NW NO 430 WASHINGTON DC 20036 8927699 0 X WWW.OPPORTUNITYATWORK.ORG X 2016 DE SEE PART III, LINE 1. 3 2 37 98 0 0 6017259 8857387 0 0 152667 62587 0 7725 6169926 8927699 81000 0 0 0 3530093 4050969 0 0 0 2018480 3486776 5629573 7537745 540353 1389954 11919934 13700786 448971 839869 11470963 12860917 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 5409147 OPPORTUNITY@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. 18030 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. 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. 5427177 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 37 0 1 37 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 1111 19TH STREET NW SUITE 1180 WASHINGTON DC 20036 BYRON G AUGUSTE CEO & CO-FOUNDER 60.00 X X 282630 0 20030 ANNE-MARIE SLAUGHTER TREASURER 1.00 X X 0 0 0 REID HOFFMAN CHAIRMAN 1.00 X 0 0 0 NALIN LIYANAMANA DIR. OF FIN. AND ADMIN., & SECRETARY 40.00 X 137036 0 19600 YOLANDA TOWNSEND COO & GENERAL COUNSEL (UNTIL 4/2020) 60.00 X 141503 0 6135 MURALI MURUGAN CTO 40.00 X 327554 0 18452 SHAD AHMED CHIEF PARTNERSHIP OFFICER 60.00 X 236366 0 10894 KOMAL KIRTIKAR SR. VP AND HEAD OF MARKETPLACE 40.00 X 211355 0 8455 PAPIA DEBROY VP OF INSIGHT 40.00 X 164265 0 14330 WILLIAM VILOTA SR. DIR. OF MARKETING & COMM. 40.00 X 157820 0 7861 RICHARD POPLAWSKI DIRECTOR OF PRODUCT 40.00 X 147138 0 14757 ANNE-MICHELLE MORTIMER DIRECTOR OF SPECIAL PROJECTS 40.00 X 145131 0 7711 GEORGIA GILLETTE DIR. OF PARTNER. & RESOURCE MOBIL. 40.00 X 138573 0 7941 2089371 0 136166 14 0 1 0 V2 SOLUTIONS 2340 WALSH AVENUE SUITE D SANTA CLARA CA 95051 IT ENGINEERING 570000 IDEO LLP 780 HIGH STREET PALO ALTO CA 94301 PROGRAM SUPPORT 492090 SKILL UP COALITION 55 2ND STREET 25TH FLOOR SAN FRANCISCO CA 94105 PROGRAM SUPPORT 250000 RECRUITING DESIGN LLC 1101 KINGS WAY CT SW VIENNA VA 22180 PROGRAM SUPPORT 224695 WHITEBOARD ADVISORS 1000 POTOMAC ST NW SUITE 150 WASHINGTON DC 20007 COMMUNICATIONS SUPPORT 120349 7 8857387 8857387 62587 62587 MISCELLANEOUS 900099 7725 7725 7725 8927699 0 0 70312 X 1598605 1080383 518222 1967665 1478886 488779 76272 56997 19275 155498 118323 37175 252929 182109 70820 88 63 25 21200 15264 5936 2733158 1967874 765284 29274 21077 8197 78522 56537 21985 92211 66392 25819 282431 203350 79081 42249 30419 11830 15552 11198 4354 2182 1571 611 31009 22326 8683 STAFF RETENT./RECRUIT. 135614 97642 37972 ISA EXPENSES 9396 6765 2631 PAYROLL PROCESSING FEES 6894 4964 1930 DUES AND SUBSCRIPTIONS 4066 2927 1139 2930 2110 820 7537745 5427177 2110568 0 X 1065333 833144 10297017 12681152 375500 112000 170987 66345 14383 6238 5115 8145 5982 0 11919934 13700786 314225 279023 119024 558858 15722 1988 448971 839869 X 9741931 9939778 1729032 2921139 11470963 12860917 11919934 13700786 1389954 0 X 0 1 X 1 0 X 2500000 8950119 9859976 6017259 8857387 36184741 2500000 8950119 9859976 6017259 8857387 36184741 25525364 10659377 43473 152667 62587 258727 1348 3201 7725 12274 36455742 X OPPORTUNITY@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). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14383 6238 8145 8145 DEFERRED RENT 1988 1988 X 8927699 0 8927699 0 8927699 7537745 0 7537745 0 7537745 PART X, LINE 2: FOR 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. X X 0 0 0 0 0 0 0 1 0 MURALI MURUGAN CTO 315554 0 12000 0 0 0 8337 0 10115 0 346006 0 0 0 BYRON G AUGUSTE CEO & CO-FOUNDER 282630 0 0 0 0 0 7950 0 12080 0 302660 0 0 0 SHAD AHMED CHIEF PARTNERSHIP OFFICER 207866 0 28500 0 0 0 7265 0 3629 0 247260 0 0 0 KOMAL KIRTIKAR SR. VP AND HEAD OF MARKETPLACE 211355 0 0 0 0 0 7113 0 1342 0 219810 0 0 0 PAPIA DEBROY VP OF INSIGHT 164265 0 0 0 0 0 6700 0 7630 0 178595 0 0 0 WILLIAM VILOTA SR. DIR. OF MARKETING & COMM. 157820 0 0 0 0 0 6600 0 1261 0 165681 0 0 0 RICHARD POPLAWSKI DIRECTOR OF PRODUCT 147138 0 0 0 0 0 6566 0 8191 0 161895 0 0 0 NALIN LIYANAMANA DIR. OF FIN. AND ADMIN., & SECRETARY 137036 0 0 0 0 0 6377 0 13223 0 156636 0 0 0 ANNE-MICHELLE MORTIMER DIRECTOR OF SPECIAL PROJECTS 145131 0 0 0 0 0 6461 0 1250 0 152842 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUSES DURING THE YEAR: MURALI MURUGAN $12,000 SHAD AHMED $28,500 YOLANDA TOWNSEND $35,000 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 2021 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 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. OPPORTUNITYWORK - TALENT EQUITY FUND LLC 1100 CONNECTICUT AVENUE NW SUITE 43 WASHINGTON DC 20036 364879557 SEE PART VII BELOW DE 68218 105415 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.