Civic Intelligence

Davids Educational Opportunity Fund Inc

EIN 45-3092047 • 501(c)3 • Madison, WI

Madison, WI
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

59th percentile

6.6%

Higher net margin than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

78th percentile

25%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

42%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$37,267

Up $7,423 (+25%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$37,267

Up $7,423 (+25%) from 2023

Revenue

Up

$112,779

Up $33,361 (+42%) from 2023

Expenses

Up

$105,356

Up $18,746 (+22%) from 2023

Net Income

Up

$7,423

Up $14,615 (+203%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2015: $9,675Liabilities 2015: $02015Assets 2016: $11,214Liabilities 2016: $02016Assets 2017: $15,826Liabilities 2017: $02017Assets 2018: $23,138Liabilities 2018: $02018Assets 2019: $18,401Liabilities 2019: $02019Assets 2020: $34,960Liabilities 2020: $02020Assets 2021: $34,729Liabilities 2021: $0Net Assets 2021: $34,7292021Assets 2022: $37,036Liabilities 2022: $0Net Assets 2022: $37,0362022Assets 2023: $29,844Liabilities 2023: $0Net Assets 2023: $29,8442023Assets 2024: $37,267Liabilities 2024: $0Net Assets 2024: $37,2672024

Highlighted filing

2024

Assets$37,267
Liabilities$0
Net Assets$37,267

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2015: $63,529Expenses 2015: $60,674Net Income 2015: $2,8552015Revenue 2016: $61,371Expenses 2016: $59,832Net Income 2016: $1,5392016Revenue 2017: $59,373Expenses 2017: $54,761Net Income 2017: $4,6122017Revenue 2018: $65,678Expenses 2018: $58,366Net Income 2018: $7,3122018Revenue 2019: $64,611Expenses 2019: $69,348Net Income 2019: -$4,7372019Revenue 2020: $79,329Expenses 2020: $62,769Net Income 2020: $16,5602020Revenue 2021: $76,336Expenses 2021: $76,568Net Income 2021: -$2322021Revenue 2022: $77,113Expenses 2022: $74,806Net Income 2022: $2,3072022Revenue 2023: $79,418Expenses 2023: $86,610Net Income 2023: -$7,1922023Revenue 2024: $112,779Expenses 2024: $105,356Net Income 2024: $7,4232024

Highlighted filing

2024

Revenue$112,779
Expenses$105,356
Net Income$7,423

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.0
Gross Receipts
$114,018
Mission and Program Overview

Mission

David's Educational Opportunity Fund provides financial, educational, and mental and physical health support to a select number of students from poor families who live in Quito, Ecuador, as they pursue higher education.

David's Educational Opportunity Fund provides financial, educational, and mental and physical health support to a select number of students from poor families who live in Quito, Ecuador as they pursue higher education.

Program Services

DescriptionGrantsExpenses
David's Educational Opportunity Fund provides tuition payments, student expenses (internet, bus fare to and from classes, lunch expenses, materials), medical, dental, and vision coverage, family emergency funds, tutoring, and psychological counseling to selected students in higher education, both university and technical schools. Our students come from families with very limited economic resources, typically $5000 annual income. Without the help of DEOF, these students would not have the opportunity to develop their talents fully or contribute commensurately with their abilities to their communities and society. DEOF offers these students additional educational and emotional support because their previous educations are often of poor quality. Furthermore, they are typically the first members of their families to have the opportunity to study at this level. We maintain very regular contact with our students through Zoom to evaluate how they are doing in their classes and more generally in their lives. We aim to teach them to analyze carefully the problems they are encountering, and we work with them to develop ways to resolve them. Problems encountered include incidents of random violence, family violence or dysfunction, and robbery, as well as serious illness in family members and long-untreated vision and dental concerns. We are assisted in this by Ecuadorean allies, whom we have developed over the years, and increasingly, by our own students who have graduated from universities and technical schools. In 2024, we supported 19 active students. Four graduated this year, in the fields of early childhood education, elementary education, and paramedic services. Five additional students are expected to graduate in 2025 in the fields of law, psychology, and teaching English as a Second Language. In addition, past graduates include an environmental engineer, two fashion designers, two computer scientists, a communications specialist, three accountants, one graduate in international business, an optometrist, a veterinarian, a cosmetologist, and a technical nurse. Current students include students studying law, psychology, teaching, nursing, social work, mechanical engineeriing, medicine, and architecture. The cost of this program is very modest by the standards of the United States. On average, the cost per student is between $4000 and $5000 per year to support a student in a comprehensive way. Costs vary among students because of differences in tuition and the circumstances of the students and their families. Most students, when they begin to work with us, need a new computer adequate for their university studies. The fundraising work of David's Fund is done gratis by the principal directors, Mike Byrd and Maggie Felker. We have an in-country director, Rubén Altamirano, who knows many of our students well and has a wide network of contacts in the Quito business community, and an education coordinator, Angélica Bedón. We also work with Carolina Bustos, a clinical psychologist, who offers online counseling services to over 30% of our students at any given time. An additional support is an organized group of tutors, Estudia Inteligente, which has provided extra academic help to our students in a variety of courses. We are very selective in our choice of students and are dedicated to the success and well-being of each one of them. While Ecuadorean university graduation rates are abysmal, certainly below 25% for poor people, we have lost only three students during our first 12 years of operation. So our success rate is over 90%. This attests to the quality of the young people in this program and the success of DEOF's model of comprehensive and personalized support.$69,531$19,388
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margaret FelkerPresidentPT$0--
Rachel Byrd FelkerVice President-$0--
Michael ByrdTreasurerPT$0--
Mary Joy O'MearaBoard Member-$0--
Lee Ann WienschBoard Member-$0--
Marc ValloneBoard Member-$0--
Elizabeth GausBoard Member-$0--
Caitlin McGuireBoard MemberPT$0--
Gabriela LimaBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Davids Educational Opportunity Fund Inc
EIN
45-3092047
Phone
6084222270
Address
5725 Bittersweet Place, Madison, WI 53705

Signing Officer

Name
Michael Byrd
Title
Treasurer
Phone
6084222270
Signed
2025-04-28
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

1. Adriana Alulema: $6,799.00 Has completed first and second semester in Nursing at a private university, and has had significant health concerns. 2. Andrea Almeida: $5, 080. Began studying Medicine at a private university; tuition cost is $3,700, and covered basic needs and computer purchase. 3. Juanita Alulema: $5,827. Final semesters studying Law at a private university. Tuition costs approximately $1,800 per semester. Also covered basic expenses. 4. Billy Cruz: $5,920 Studying Architecture at a private university; tuition is $1,900 per semester, and also provide help with internet and material costs, and expenses related to internships. 5. Amy Hinojosa: $5,085. Studying Mechanica Engineering at a private university at a cost of $2400 per semester. 6. Adriana Vimos: $5,719; studying Psychology at a priviate university; also provided significant health care and dental costs. 7. Jefferson Holguin: $5,186; studying Architecture at a private university; two semesters, each costing $1,900, plus materials, food, and transportation.

Form 990-EZ, Part I, Line 12

Salaries: Rubén Altamirano, In-country Director: $15,228. Ruben's work is invaluable; he meets regularly in person with students and works to form alliances in the business and university communities for apprenticeships, jobs, and scholarship opportunities. Angelica Bedón: $4,160 (July through December). Angelica is a graduate through David's Educational Opportunity Fund, with a bachelor's in Psychology. She serves as an academic mentor, helping our candidates find university placements and monitoring their academic progress.

Form 990-EZ, Part I, Line 13

1. Carolina Bustos: $6,118. Provides online counseling services to our students. 2. Diomedes Macas: $1,703. Our provider of new computers and computer repair services to our students. 3. Jefferson Bedon: $628.00. Provides taxi/transport services to students needing to travel in unsafe conditions. 4. Flor Chicaiza: $442.00. Accounting confirming student expenses. 5. Nancy Chávez: $400.00. Accounting confirming student expenses. 5. Gladys Rivadeneira: $270.00 Tutoring in writing for students. 6. Maritza Pucha: $227.00; customized shirts with DEOF insignia for special event; 7. Liliana Baquero: $200. Presented conference on professional demeanor.

Form 990-EZ, Part I, Line 16

1. Airline tickets: $3,186 two tickets Chicago to Quito, Ecuador (round trip for directors); one ticket Quito to Chicago (round trip for our in-country director to speak with our donors at the Pupusafest). 2. Paid $1,630 in cash to Global Partners law firm to initiate the establishment of a partner organization in Quito, Ecuador. 3. $573 spent on meals and gatherings with students when US directors visited Quito.

Raw XML Appendix276 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01. Adriana Alulema: $6,799.00 Has completed first and second semester in Nursing at a private university, and has had significant health concerns. 2. Andrea Almeida: $5, 080. Began studying Medicine at a private university; tuition cost is $3,700, and covered basic needs and computer purchase. 3. Juanita Alulema: $5,827. Final semesters studying Law at a private university. Tuition costs approximately $1,800 per semester. Also covered basic expenses. 4. Billy Cruz: $5,920 Studying Architecture at a private university; tuition is $1,900 per semester, and also provide help with internet and material costs, and expenses related to internships. 5. Amy Hinojosa: $5,085. Studying Mechanica Engineering at a private university at a cost of $2400 per semester. 6. Adriana Vimos: $5,719; studying Psychology at a priviate university; also provided significant health care and dental costs. 7. Jefferson Holguin: $5,186; studying Architecture at a private university; two semesters, each costing $1,900, plus materials, food, and transportation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Salaries: Rubén Altamirano, In-country Director: $15,228. Ruben's work is invaluable; he meets regularly in person with students and works to form alliances in the business and university communities for apprenticeships, jobs, and scholarship opportunities. Angelica Bedón: $4,160 (July through December). Angelica is a graduate through David's Educational Opportunity Fund, with a bachelor's in Psychology. She serves as an academic mentor, helping our candidates find university placements and monitoring their academic progress.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21. Carolina Bustos: $6,118. Provides online counseling services to our students. 2. Diomedes Macas: $1,703. Our provider of new computers and computer repair services to our students. 3. Jefferson Bedon: $628.00. Provides taxi/transport services to students needing to travel in unsafe conditions. 4. Flor Chicaiza: $442.00. Accounting confirming student expenses. 5. Nancy Chávez: $400.00. Accounting confirming student expenses. 5. Gladys Rivadeneira: $270.00 Tutoring in writing for students. 6. Maritza Pucha: $227.00; customized shirts with DEOF insignia for special event; 7. Liliana Baquero: $200. Presented conference on professional demeanor.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31. Airline tickets: $3,186 two tickets Chicago to Quito, Ecuador (round trip for directors); one ticket Quito to Chicago (round trip for our in-country director to speak with our donors at the Pupusafest). 2. Paid $1,630 in cash to Global Partners law firm to initiate the establishment of a partner organization in Quito, Ecuador. 3. $573 spent on meals and gatherings with students when US directors visited Quito.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Byrd
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06084222270
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAVIDS EDUCATIONAL OPPORTUNITY FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
ReturnHeader/Filer/EIN0453092047
ReturnHeader/Filer/PhoneNum06084222270
ReturnHeader/Filer/USAddress/AddressLine1Txt05725 Bittersweet Place
ReturnHeader/Filer/USAddress/CityNm0Madison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053705
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-04-28T10:57:39-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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