Civic Intelligence

Opportunity Enterprises Inc.

990 • Fiscal year 2016 • EIN 35-1136833

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

2801 Evans AvenueValparaiso, IN 46383

(219) 464-9621

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.28x

Higher debt load relative to assets than 54% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.20x

Higher debt load relative to revenue than 45% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

48th percentile

2.0%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$161,427

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

42nd percentile

0.3%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

43rd percentile

0.8%

Faster revenue growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$12,980,471

Up $37,752 (+0.3%) from 2015

Net Assets

Up

$9,392,589

Up $422,810 (+4.7%) from 2015

Liabilities

Down

$3,587,882

Down $385,058 (-9.7%) from 2015

Revenue

Up

$17,804,462

Up $149,319 (+0.8%) from 2015

Expenses

Down

$17,455,310

Down $934,268 (-5.1%) from 2015

Net Income

Up

$349,152

Up $1,083,587 (+148%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $12,107,840Liabilities 2010: $4,271,838Net Assets 2010: $7,836,0022010Assets 2011: $12,774,230Liabilities 2011: $3,564,898Net Assets 2011: $9,209,3322011Assets 2012: $13,368,120Liabilities 2012: $4,045,379Net Assets 2012: $9,322,7412012Assets 2013: $14,598,174Liabilities 2013: $4,731,173Net Assets 2013: $9,867,0012013Assets 2014: $14,024,637Liabilities 2014: $4,304,644Net Assets 2014: $9,719,9932014Assets 2015: $12,942,719Liabilities 2015: $3,972,940Net Assets 2015: $8,969,7792015Assets 2016: $12,980,471Liabilities 2016: $3,587,882Net Assets 2016: $9,392,5892016Assets 2017: $14,587,376Liabilities 2017: $4,261,045Net Assets 2017: $10,326,3312017Assets 2018: $14,845,222Liabilities 2018: $4,178,001Net Assets 2018: $10,667,2212018Assets 2019: $15,173,273Liabilities 2019: $4,112,100Net Assets 2019: $11,061,1732019Assets 2020: $16,831,825Liabilities 2020: $6,617,152Net Assets 2020: $10,214,6732020Assets 2021: $17,973,324Liabilities 2021: $3,934,009Net Assets 2021: $14,039,3152021Assets 2022: $20,113,600Liabilities 2022: $4,257,698Net Assets 2022: $15,855,9022022Assets 2023: $22,751,413Liabilities 2023: $4,620,425Net Assets 2023: $18,130,9882023Assets 2024: $21,260,437Liabilities 2024: $3,744,180Net Assets 2024: $17,516,2572024

Highlighted filing

2016

Assets$12,980,471
Liabilities$3,587,882
Net Assets$9,392,589

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $13,987,5122010Expenses 2011: $14,569,1022011Expenses 2012: $15,144,4552012Expenses 2013: $15,239,3142013Revenue 2014: $16,752,953Expenses 2014: $17,143,401Net Income 2014: -$390,4482014Revenue 2015: $17,655,143Expenses 2015: $18,389,578Net Income 2015: -$734,4352015Revenue 2016: $17,804,462Expenses 2016: $17,455,310Net Income 2016: $349,1522016Revenue 2017: $17,723,263Expenses 2017: $17,587,853Net Income 2017: $135,4102017Revenue 2018: $18,068,089Expenses 2018: $18,331,196Net Income 2018: -$263,1072018Revenue 2019: $17,911,868Expenses 2019: $17,726,429Net Income 2019: $185,4392019Revenue 2020: $17,155,919Expenses 2020: $18,094,572Net Income 2020: -$938,6532020Revenue 2021: $20,835,387Expenses 2021: $18,516,814Net Income 2021: $2,318,5732021Revenue 2022: $20,382,768Expenses 2022: $19,937,504Net Income 2022: $445,2642022Revenue 2023: $26,599,803Expenses 2023: $22,779,110Net Income 2023: $3,820,6932023Revenue 2024: $24,331,884Expenses 2024: $24,253,667Net Income 2024: $78,2172024

Highlighted filing

2016

Revenue$17,804,462
Expenses$17,455,310
Net Income$349,152
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$18,744,009
Mission and Program Overview

Mission

The primary purpose of the agency is to provide a full range of services to the developmentally disabled. The agency provides vocational training, day services, transportation, and residential services to clients in porter county, indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,896,029$7,606,730▼ $289,299
Cash and Non-Interest-Bearing Accounts$781,033$1,781,879▲ $1,000,846
Accounts Receivable$1,316,936$1,345,242▲ $28,306
Savings and Temporary Cash Investments$407,719$265,360▼ $142,359
Prepaid Expenses and Deferred Charges$291,616$185,716▼ $105,900
Pledges and Grants Receivable$110,170$128,883▲ $18,713
Inventories for Sale or Use$38,313$42,428▲ $4,115
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$12,942,719$12,980,471▲ $37,752
Other Assets Total$2,100,903$1,624,233▼ $476,670
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,620,779$2,030,673▼ $590,106
Accounts Payable and Accrued Expenses$912,827$1,115,257▲ $202,430
Deferred Revenue$396,628$397,550▲ $922
Other Liabilities$42,706$44,402▲ $1,696
Total Liabilities$3,972,940$3,587,882▼ $385,058
Net Assets / Fund Balance
Unrestricted Net Assets$7,844,054$8,168,008▲ $323,954
Permanently Rstr Net Assets$1,125,725$1,224,581▲ $98,856
Total Net Assets Fund Balance$8,969,779$9,392,589▲ $422,810
Total Liabilities and Net Assets / Fund Balance$12,942,719$12,980,471▲ $37,752

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,478,168$5,761,191$11,239,359
Equipment$726,786$2,928,300$3,655,086
Land$999,059-$999,059
Leasehold Improvements$402,717$476,480$879,197
Other Assets Org$1,624,233--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,550,903$98,856▼ $25,526-$1,624,233
2014$1,625,513$8,848▼ $24,901-$1,550,903
2013$1,379,437$3,798▲ $243,320-$1,625,513
2012$1,228,876$3,124▲ $158,431-$1,379,437
2011$1,274,561$19,743▼ $35,428-$1,228,876
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ellen DemartinisCEOFT$155,002$6,425$161,427
Mark FisherCFOFT$80,546$3,222$83,768

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,880,083
Program Service Revenue
$15,840,053
Investment Income
$-22,944
Other Revenue
$107,270
All Other Contributions
$267,702
Change in Net Assets
$349,152

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table93$19,841Fair Market Value (FMV)
Other Non Cash Contri Table-$7,950Fair Market Value (FMV)
Total Noncash Contributions93$27,791-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,176,628
Revenue Not Reported on Financial Statements
$-372,166
Revenue Not Reported on Form 990
$203,204
Other Revenue Adjustments
$-372,166
Total Revenue per Audited Statements
$18,379,832
Total Revenue per Form 990
$17,804,462
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,591,611
Other Expenses$3,863,699
Total Fundraising Expense$371,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,917,807$776,476$249,282$10,943,565
Other Employee Benefits$1,189,503$171,732$43,282$1,404,517
Payroll Taxes$747,795$70,537$17,529$835,861
Travel$720,233$6,230$1,993$728,456
Depreciation Depletion$623,487$31,640$382$655,509
Occupancy$572,162$60,184$6,665$639,011
Office Expenses$370,456$43,427$20,176$434,059
Current Officers, Directors, Trustees, and Key Employees-$246,179-$246,179
Fees for Services Other$26,955$169,548$960$197,463
All Other Expenses$74,137$91,471$9,220$174,828
Fees for Services Accounting$34,225$139,094-$173,319
Pension Plan Contributions$135,958$17,569$7,962$161,489
Information Technology$54,690$65,759$7,142$127,591
Other Expenses$90,227$82$188$90,309
Fees for Services Legal-$28,937-$28,937
Conferences and Meetings$8,001$7,321$1,884$17,206
Advertising$2,954$3,992$1,227$8,173
Fees for Services Lobbying$2,172--$2,172
Interest-$60-$60
Total Functional Expenses$15,087,117$1,996,306$371,887$17,455,310

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,030,680
Expenses per Audited Statements$17,658,514
Total Expenses per Form 990$17,455,310
Expenses Not Reported on Form 990$372,166
Expenses Not Reported on Financial Statements$-203,204
Other Expense Adjustments$-203,204
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$164,537
Fundraising Gross Income$88,620
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winter Gala$321,788$21,238$46,258$-25,020
Chicago Marathon$80,738$5,760$20,025$-14,265
Total Events$494,978$88,620$164,537$-75,917
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retroactive Third-Party Adj.$44,402
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft copy is reviewed in depth between the CFO and the board financial committee. Once it is approved at that level it is taken to the full board for a vote. All board members have a chance to review the Form 990 prior to voting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members and officers are covered. The Executive Administrative Assistant monitors the policy conflicts. All persons covered are required to sign a form disclosing any conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The CEO salary is determined by and approved by the Board of Directors. The CFO and other key employees salaries are determined by the CEO with input by the Board of Directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The CFO and other key employees salaries are determined by the CEO with input from the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Form 990 is posted on Guidestar. As noted on the Agency's website, financial statements, governing documents, and conflict of interest policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Opportunity Enterprises Inc
EIN
35-1136833
Phone
2194649621
Address
2801 EVANS AVENUE, VALPARAISO, IN 46383

Signing Officer

Name
Mark Fisher
Title
CFO
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
665
Volunteers
595

Preparer

Firm
Bradley & Associates Inc
Address
201 S Capitol Ave Ste 700, Indianapolis, IN 46225
Preparer
Skander Nasser Iii
Phone
3172375500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Opportunity Enterprises, Inc. provides a variety of developmental services to children throughout Northwest Indiana through their All About Kids program. OTHER PROGRAM SERVICES 5: Opportunity Enterprises, Inc. provides convenient and accessible transportation services to persons with disabilities. OTHER PROGRAM SERVICES 6: Opportunity Enterprises, Inc. provides a variety of Enrichment Programs, which provide consumers with creative and positive outlets for their interests and talents. Some programs include assistive technology, art enrichment, and community integration.

Other Changes In Net Assets Or Fund Balances - Other Increases

Endowment Fund Support = $98856

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The primary purpose of one of the Funds shall be to provide support to children's programs at Opportunity Enterprises, Inc. In the event children's programs are no longer offered, the Fund shall provide support to Opportunity Enterprises, Inc. to carry out its role and mission as described by its governing documents. The primary purpose of the second Fund is for general purposes to carry out Opportunity Enterprises, Inc.'s mission.

Part X : FIN48 Footnote

The Agency has been granted exemption from taxation as a not-for-profit organization under Section 501(c)(3) of the U.S. Internal Revenue Code. Accordingly, no expense has been recognized for income taxes in the accompanying financial statements.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Intercompany revenue $203204

Part XII, Line 2D: Other expenses and losses per audited F/S

Cogs $88581 special event expense $164538 rent expense $138888 non-cash donations $-19841

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IRS990/Desc0Opportunity Enterprises, Inc. provides a variety of services to individuals in their residence. The Agency currently operates seven group homes dedicated to serving individuals with a range of mild to severe and profound developmental disabilities. The homes provide a natural, non-clinical setting to foster a sense of familial comfort and stability for our residents.Six group homes currently support six residents and one group home supports eight residents, to optimize opportunities for individual and group training in areas of daily living, leisure skills, and community integration, and also supports individuals in group homes with additional medical and nutritional support. In addition, the Agency also has a Supported Living Program, which provides support to adults with disabilities who want to live in their own apartment or home. Participants receive support on an as-needed basis through individualized programs developed and implemented to specific needs. Finally, the Agency provides Respite Services, which are designated by the state to be "relief of the primary caregiver".
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IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
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IRS990/FundraisingGrossIncomeAmt088620
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IRS990/MissionDesc0THE PRIMARY PURPOSE OF THE AGENCY IS TO PROVIDE A FULL RANGE OF SERVICES TO THE DEVELOPMENTALLY DISABLED. THE AGENCY PROVIDES VOCATIONAL TRAINING, DAY SERVICES, TRANSPORTATION, AND RESIDENTIAL SERVICES TO CLIENTS IN PORTER COUNTY, INDIANA.
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IRS990/OtherExpensesGrp/Desc0FOOD & BEVERAGE
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IRS990/OtherExpensesGrp/TotalAmt1231298
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IRS990/PayrollTaxesGrp/FundraisingAmt017529
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt070537
IRS990/PayrollTaxesGrp/ProgramServicesAmt0747795
IRS990/PayrollTaxesGrp/TotalAmt0835861

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.3$3.74$17.5$24.3$24.3$0.08
2023Detailed filing. Detailed filing data is available for this year.$22.8$4.62$18.1$26.6$22.8$3.82
2022Detailed filing. Detailed filing data is available for this year.$20.1$4.26$15.9$20.4$19.9$0.45
2021Detailed filing. Detailed filing data is available for this year.$18.0$3.93$14.0$20.8$18.5$2.32
2020Detailed filing. Detailed filing data is available for this year.$16.8$6.62$10.2$17.2$18.1$0.94
2019Detailed filing. Detailed filing data is available for this year.$15.2$4.11$11.1$17.9$17.7$0.19
2018Detailed filing. Detailed filing data is available for this year.$14.8$4.18$10.7$18.1$18.3$0.26
2017Detailed filing. Detailed filing data is available for this year.$14.6$4.26$10.3$17.7$17.6$0.14
2016Detailed filing. Detailed filing data is available for this year.$13.0$3.59$9.39$17.8$17.5$0.35
2015Detailed filing. Detailed filing data is available for this year.$12.9$3.97$8.97$17.7$18.4$0.73
2014Detailed filing. Detailed filing data is available for this year.$14.0$4.30$9.72$16.8$17.1$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$4.73$9.87$15.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$4.05$9.32$15.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$3.56$9.21$14.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$4.27$7.84$14.0