2019-05-10T12:55:48-05:00 2018-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2018-01-01 813214432 OPPORTUNITYWORK INC OPPO 2028474470 1111 19TH STREET NW NO 1180 WASHINGTON DC 20036 BYRON G AUGUSTE CEO & CO-FOUNDER 2028474470 2019-05-10 1 3019519090 75.103.231.202 2019-05-10 13:55:49 ED P F22637C97F07C4B2E9947E4430D0228AEC14A97A 6E62EEA5E63E83980299FC4A87095FA19FCFE75E 2018 2019-02-21 02:37:17Z BYRON G AUGUSTE 1111 19TH STREET NW NO 1180 WASHINGTON DC 20036 9906650 0 X WWW.OPPORTUNITYATWORK.ORG X 2016 DE SEE PART III, LINE 1. 3 2 49 15 0 19546 8950119 9859976 0 0 0 43473 1348 3201 8951467 9906650 50400 297510 0 0 3064735 3944648 0 0 0 1485553 1584661 4600688 5826819 4350779 4079831 7070509 11145772 219730 215162 6850779 10930610 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 3931731 WE STRIVE TO TRANSFORM HIRING PRACTICES, EXPAND LEARNING PATHWAYS AND PIONEER INNOVATIVE TALENT FINANCING SO THAT ALL AMERICANS WHO HAVE THE SKILLS CAN DEMONSTRATE THEIR SKILLS AND GET HIRED. OPPORTUNITY@WORK STRIVES TO MAINSTREAM INCLUSIVE HIRING BY FOCUSING ON SYSTEMIC BARRIERS THAT BLOCK EMPLOYERS FROM EXPANDING THEIR INCLUSIVE HIRES. THROUGHOUT 2018 OPPORTUNITY@WORK DEVELOPED VALIDATED HIRING SOLUTIONS (BETA TESTED THE TECHHIRE.CAREERS PLATFORM), SHIFTED THE NARRATIVE AROUND INCLUSIVE HIRING (INITIATED AN EMPLOYER NETWORK FOR INCLUSIVE HIRING BY FORMING PARTNERSHIPS WITH MARKET LEADERS) AND PILOTED TALENT FINANCING SOLUTIONS (REALIGNED FINANCIAL INCENTIVES FOR TRAINING AND HIRING LOW INCOME INDIVIDUALS). (CONTINUED ON SCHEDULE O)KEY INSIGHTS FROM OUR WORK THROUGHOUT 2018 INFORMED OUR GO FORWARD STRATEGY. WE STARTED DEVELOPING A MARKETPLACE WHERE EMPLOYERS CAN RELY ON OTHER EMPLOYER'S FEEDBACK AS A MORE EFFECTIVE MEANS TO IDENTIFY AND BUILD TRUST WITH INCLUSIVE TRAINING PROVIDERS AND TO IDENTIFY AND HIRE A CANDIDATE FROM THOSE PROVIDERS, IN PARTICULAR CANDIDATES FROM UNDERREPRESENTED GROUPS IN THE TECH SPACE. WE AIM TO REDUCE THE TIME TRAINING PROVIDERS SPEND BUILDING RELATIONSHIPS WITH NEW EMPLOYERS AND TO CONNECT JOB SEEKERS TO POSITIONS WITH EMPLOYERS WHO HIRE INCLUSIVELY. IN ADDITION, WE WILL CONTINUE TO PARTNER WITH LEADING ORGANIZATION'S TO REMOVE BARRIERS TO MAKE IT EASIER FOR MORE COMPANIES TO HIRE INCLUSIVELY. OUR FOCUS IS ON (I) SETTING AN AGENDA FOR THE INCLUSIVE HIRING MOVEMENT TO INFLUENCE EMPLOYERS THROUGH DATA DRIVEN INSIGHTS,(II) SUPPORTING, SHARING AND SCALING INNOVATIVE PRACTICES THAT HIGHLIGHT LESSONS LEARNED AND ADDRESS COMMON OBSTACLES BEST ANSWERED THROUGH COLLECTIVE ACTION, AND (III) ALIGNING INVESTMENT PRIORITIES AND SUPPORTING DONOR COORDINATION TO ENSURE CRITICAL AREAS HAVE SUSTAINABLE FUNDING.TECHHIREIN 2018 WE DEVELOPED AND LAUNCHED A BETA PLATFORM CALLED TECHHIRE.CAREERS WHICH SERVED AS A RECRUITING CHANNEL FOR EMPLOYERS TO QUICKLY FIND AND HIRE QUALIFIED, DIVERSE, AND VETTED CANDIDATES. WE PILOTED THE PLATFORM WITH SEVERAL TECHHIRE COMMUNITY PARTNERS AND SPEARHEADED THE BETA TESTING IN RHODE ISLAND BY ENGAGING LOCAL TRAINING PROVIDER PARTNERS AND EMPLOYERS TO HELP OVERLOOKED AND UNDERREPRESENTED JOBSEEKERS GAIN EMPLOYMENT. BASED ON OUR WORK WITH TECHHIRE.CAREERS, WE FORMED A GO-FORWARD STRATEGY TO DEVELOP AN 'OPPORTUNITY MARKETPLACE' BETWEEN EMPLOYERS AND TRAINING PROVIDERS TO ENABLE CANDIDATES WITHOUT BACHELOR DEGREES TO GET HIRED BASED ON SKILL AND NOT PEDIGREE. 457468 297510 TALENT FINANCING SOLUTIONSWE DESIGNED AND TESTED A FINANCING SOLUTION THAT WAS INCLUSIVE, OUTCOMES-BASED AND HOLISTIC (THAT IS, PROVIDED NEEDED WRAP AROUND RESOURCES TO SUPPORT SUCCESSFUL COMPLETION OF THE TRAINING PROGRAM). WE SUCCESSFULLY DEVELOPED, CO-DESIGNED, AND LAUNCHED A LEARN AND EARN PILOT PROGRAM WITH GENERAL ASSEMBLY (THE "GA PILOT") IN 2018 TO TRAIN ENTRY LEVEL SOFTWARE ENGINEERS FROM LOW INCOME AND/OR LOW CREDIT BACKGROUNDS. THE LEARN AND EARN PILOT PROGRAM OFFERED INCOME SHARE AGREEMENTS TO PROGRAM PARTICIPANTS AS WELL AS A LIVING STIPEND, LIFE COACH AND EMPLOYMENT SEARCH SUPPORT.(CONTINUED ON SCHEDULE O)IN 2018, WE ALSO DEVELOPED AND LAUNCHED A SECOND PILOT (THE "TURING PILOT") WITH THE TURING SCHOOL OF SOFTWARE & DESIGN, A NONPROFIT TRAINING PROVIDER LOCATED IN DENVER, COLORADO. IN THE TURING PILOT, 183 CANDIDATES PASSED THE INITIAL ELIGIBILITY SCREENING AND 14 WERE SELECTED FOR THE TURING PILOT. FOURTEEN STUDENTS ENTERED INTO INCOME SHARE AGREEMENTS TO COVER TUITION COSTS FOR THE SEVEN MONTH PROGRAM. AGAIN, WE PROVIDED A LIVING STIPEND, HANDS ON COACHING, AND POST GRADUATION JOB SEARCH SUPPORT. BOTH THE GA AND TURING PILOTS INCREASED ACCESS TO TECHNICAL TRAINING AND CREDENTIALING FOR PEOPLE FROM LOW INCOME, LOW CREDIT BACKGROUNDS TO FINANCE THEIR EDUCATION AND TIE THE FINANCING OF THEIR TRAINING TO SUCCESSFUL CAREER OUTCOMES. THE REPAYMENT METRICS IN THE COMING MONTHS AND YEARS WILL HELP US TO BETTER UNDERSTAND THE SCALABILITY OF THIS TYPE OF TRAINING AND ITS SUSTAINABILITY FOR DIFFERENT FUNDERS/INVESTORS (E.G., PHILANTHROPY AND IMPACT INVESTORS). 4389199 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 45 0 1 49 1 1 1 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 YOLANDA TOWNSEND 2028474470 1111 19TH STREET NW SUITE 1180 WASHINGTON DC 20036 BYRON AUGUSTE CEO & CO-FOUNDER 60.00 X X 200935 0 23708 ANNE-MARIE SLAUGHTER TREASURER 1.00 X X 0 0 0 REID HOFFMAN CHAIRMAN 1.00 X 0 0 0 KARAN CHOPRA EXECUTIVE VICE PRES. & CO-FOUNDER 60.00 X 238415 0 13845 YOLANDA TOWNSEND SR. VICE PRESIDENT & GENERAL COUNSEL 60.00 X 208000 0 8825 PAPIA DEBROY V.P., CUSTOMER ACQUISITION & SUCCESS 40.00 X 155671 0 13216 RICHARD POPLAWSKI DIRECTOR OF PRODUCT 40.00 X 134449 0 15746 WILLIAM VILLOTA DIR., COMM./EXT. AFFAIRS (FROM 2/18) 40.00 X 134079 0 7207 DAMIAN EWENS PROJECT DIRECTOR (UNTIL 10/18) 40.00 X 126169 0 20070 JENNIE SILBERT SENIOR PRODUCT MANAGER (UNTIL 10/18) 40.00 X 114795 0 27290 1312513 0 129907 9 0 1 0 SOURCE LAB 1400 20TH STREET NW SUITE 220 WASHINGTON DC 20036 IT ENGINEERING 227094 TURING SCHOOL OF SOFTWARE & DESIGN 1331 17TH STREET SUITE LL 100 DENVER CO 80202 STUDENT TUITION FEES 154000 LAUREL STRATEGIES 4A OXFORD STREET CHEVY CHASE MD 20815 COMMUNICATION SERVICES 150000 3 9859976 9859976 43473 43473 MISCELLANEOUS 900099 3201 3201 3201 9906650 0 0 46674 297510 297510 693728 233344 460384 2718405 2272612 445793 103212 85158 18054 185437 147464 37973 243866 180461 63405 662 490 172 37860 28016 9844 225751 167055 58696 266303 197064 69239 36453 26976 9477 310569 229821 80748 255309 188929 66380 151264 111935 39329 26413 19546 6867 1276 945 331 14768 10928 3840 UBI TAXES 5862 4338 1524 TUITION FINANCING 144500 106930 37570 PROF. DEVELOPMENT 92213 68238 23975 GENERAL & ADMIN. 10608 7850 2758 4850 3589 1261 5826819 4389199 1437620 0 6150760 862471 20000 8699895 850500 1502551 44065 73906 9171 2222 5184 6949 7070509 11145772 126025 76656 79344 118785 14361 19721 219730 215162 X 6012870 8666046 837909 2264564 6850779 10930610 7070509 11145772 4079831 0 X 0 1 X 1 0 X 2500000 8950119 9859976 21310095 2500000 8950119 9859976 21310095 14314190 6995905 43473 43473 1348 3201 4549 21358117 X 9171 2222 6949 6949 DEFERRED RENT 19721 19721 X 9906650 0 9906650 0 9906650 5826819 0 5826819 0 5826819 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2018, OPPORTUNITY@WORK, INC. 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. 1 STUDENT STIPENDS 29 297510 PART I, LINE 2: LIVING ASSISTANCE: FOR PEOPLE SELECTED AND ENROLLED IN OUR TALENT EQUITY FINANCING PROGRAM, WE PROVIDE A MONTHLY CASH DISBURSEMENT DIRECTLY TO THE INDIVIDUALS WHILE THEY ARE ENROLLED IN THE COURSE AND UP TO 3 MONTHS AFTER GRADUATION. AS LONG AS THEY ARE ENROLLED IN THE TRAINING COURSE AND NOT YET EMPLOYED, THEY RECEIVE THE LIVING ASSISTANCE. WHILE WE DO NOT REQUIRE ANY INFORMATION ON EXPENDITURE STATEMENTS, EACH INDIVIDUAL SIGNS A STIPEND AWARD AGREEMENT INDICATING THAT THE STIPEND IS TO BE USED FOR LIVING ASSISTANCE TO COVER LIVING EXPENSES TO SUPPORT THEIR FULL-TIME COMMITMENT TO THE TRAINING PROGRAM. X X 0 0 0 0 0 0 0 1 0 BYRON AUGUSTE CEO & CO-FOUNDER 200935 0 0 0 0 0 7100 0 16608 0 224643 0 0 0 KARAN CHOPRA EXECUTIVE VICE PRES. & CO-FOUNDER 203415 0 35000 0 0 0 7451 0 6394 0 252260 0 0 0 YOLANDA TOWNSEND SR. VICE PRESIDENT & GENERAL COUNSEL 208000 0 0 0 0 0 7100 0 1725 0 216825 0 0 0 PAPIA DEBROY V.P., CUSTOMER ACQUISITION & SUCCESS 155671 0 0 0 0 0 6559 0 6657 0 168887 0 0 0 RICHARD POPLAWSKI DIRECTOR OF PRODUCT 134449 0 0 0 0 0 6414 0 9332 0 150195 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUSES DURING THE YEAR: KAREN CHOPRA $35,000 WILLIAM VILLOTA $5,000 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 JANUARY 2019 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. OPPORTUNITYWORK - TALENT EQUITY FUND LLC 1111 19TH STREET NW SUITE 1180 WASHINGTON DC 20036 364879557 SEE PART VII BELOW DE 1399 101422 OPPORTUNITYWORK INC PART I, COLUMN (B) PRIMARY ACTIVITY: PROVIDING FINANCIAL ASSITANCE TO INDIVIDUALS WITH POOR OR NO CREDIT TO PURSUE EDUCATION AND TRAINING PROGRAMS, IN THE FORM OF INCOME SHARE AGREEMENT OR OTHER INNOVATIVE FINANCING.