Civic Intelligence

Opportunity Scholarship Fund

990 • Fiscal year 2014 • EIN 46-4511347

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 06, 2015

Organization ProfileOSFKIDS.ORG
1401 N Lincoln Blvd Ste 200Oklahoma City, OK 73104

(405) 603-6400

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

$238,589

No earlier filing loaded for comparison.

Net Assets

$238,589

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin99th percentile

Revenue

$248,305

No earlier filing loaded for comparison.

Expenses

$9,716

No earlier filing loaded for comparison.

Net Income

$238,589

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2014: $238,589Liabilities 2014: $0Net Assets 2014: $238,5892014Assets 2015: $1,105,903Liabilities 2015: $0Net Assets 2015: $1,105,9032015Assets 2016: $3,375,118Liabilities 2016: $0Net Assets 2016: $3,375,1182016Assets 2017: $5,308,087Liabilities 2017: $11,500Net Assets 2017: $5,296,5872017Assets 2018: $5,372,361Liabilities 2018: $0Net Assets 2018: $5,372,3612018Assets 2019: $4,621,192Liabilities 2019: $0Net Assets 2019: $4,621,1922019Assets 2020: $4,587,828Liabilities 2020: $0Net Assets 2020: $4,587,8282020Assets 2021: $5,174,750Liabilities 2021: $0Net Assets 2021: $5,174,7502021Assets 2022: $4,689,615Liabilities 2022: $0Net Assets 2022: $4,689,6152022

Highlighted filing

2014

Assets$238,589
Liabilities$0
Net Assets$238,589
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $248,305Expenses 2014: $9,716Net Income 2014: $238,5892014Revenue 2015: $1,330,203Expenses 2015: $462,889Net Income 2015: $867,3142015Revenue 2016: $3,383,889Expenses 2016: $1,114,674Net Income 2016: $2,269,2152016Revenue 2017: $5,126,240Expenses 2017: $3,204,771Net Income 2017: $1,921,4692017Revenue 2018: $4,140,298Expenses 2018: $4,064,524Net Income 2018: $75,7742018Revenue 2019: $3,669,942Expenses 2019: $4,421,111Net Income 2019: -$751,1692019Revenue 2020: $3,335,834Expenses 2020: $3,364,192Net Income 2020: -$28,3582020Revenue 2021: $3,830,206Expenses 2021: $3,243,330Net Income 2021: $586,8762021Revenue 2022: $5,332,646Expenses 2022: $5,396,933Net Income 2022: -$64,2872022

Highlighted filing

2014

Revenue$248,305
Expenses$9,716
Net Income$238,589
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 6, 2015
Return Version
2014v5.0
Gross Receipts
$248,305
Mission and Program Overview

Mission

The opportunity scholarship fund is a scholarship granting organization that provides scholarships to oklahoma k-12 students to attend accredited private schools in our state. Once a student has received a scholarship, that student and his or her siblings remain eligible until high school graduation or age 21, whichever is first.

The opportunity scholarship fund is a scholarship granting organization that provides scholarships to oklahoma k-12 students to attend accredited private schools in our state. Once a student has received a scholarship, that student and his or her siblings remain eligible until high school graduation or age 21.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$238,589-
Rtn Earn Endowment Incm Other Fnds-$238,589-
Total Assets$0$238,589▲ $238,589
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$238,589▲ $238,589
Total Liabilities and Net Assets / Fund Balance$0$238,589▲ $238,589
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Michael CarnuccioChairman
Charles DanielsVice Chairma
Michael LapollaExecutive Di
Brandon DutcherMember
Senator Jabar ShumateMember
Todd KolczunMember
Mark StephenSecretary/ T
Revenue and Support

Revenue Composition

Contributions and Grants
$248,305
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$248,305
Change in Net Assets
$238,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,413
Other Expenses$303
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$9,413--$9,413
Office Expenses-$183-$183
Fees for Services Legal-$120-$120
Total Functional Expenses$9,413$303$0$9,716
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

“The tax return was forwarded by the executive director to all board members for their review before the return was e-filed.”

Form 990, Page 6, Part VI, Line 12C

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with board delegate powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board of directors or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

Form 990, Page 6, Part VI, Line 19

“All organizing documents are available to be viewed by the public given sufficient notice.”

Filing and Contact Details

Filer

Filer Name
Opportunity Scholarship Fund
EIN
46-4511347
Address
1401 N LINCOLN BLVD STE 200, OKLAHOMA CITY, OK 73104

Signing Officer

Name
Michael Lapolla
Title
Executive Director
Signed
2015-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lapolla
Formed
2014
Legal Domicile
Ok
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Fd Thompson & Co Plc
Address
13320 N MACARTHUR BLVD, OKLAHOMA CITY, OK 73142-3021
Preparer
Chris a Hudson
Phone
4056036400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The opportunity scholarship fund is a scholarship granting organization that provides scholarships to oklahoma k-12 students to attend accredited private schools in our state. Once a student has received a scholarship, that student and his or her siblings remain eligible until high school graduation or age 21.”

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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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ELIGIBILITY IS REVIEWED FOR ALL APPLICANTS. A STUDENT MUST BE A LEGAL RESIDENT OF THE UNITED STATES, LIVE IN OKLAHOMA, AND HAVE BEEN ACCEPTED BY AN ACCREDITED OKLAHOMA PRIVATE SCHOOL FOR THE SCHOOL YEAR. A STUDENT MUST MEET ONE OF THE FOLLOWING THREE CRITERIA: LIVE IN A FAMILY WITHIN THE ADJUSTED GROSS INCOME GUIDELINES OR; ATTEND, OR LIVE IN THE ATTENDANCE ZONE, OF A PUBLIC SCHOOL DESIGNATED AS "IN NEED OF IMPROVEMENT" BY THE STATE BOARD OF EDUCATION OR; ATTEND AN OKLAHOMA PUBLIC SCHOOL WITH AN INDIVIDUALIZED EDUCATION PROGRAM.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN WAS FORWARDED BY THE EXECUTIVE DIRECTOR TO ALL BOARD MEMBERS FOR THEIR REVIEW BEFORE THE RETURN WAS E-FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATE POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731488601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FD THOMPSON & CO PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013320 N MACARTHUR BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKLAHOMA CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0731423021
ReturnHeader/PreparerPersonGrp/PhoneNum04056036400
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS A HUDSON
ReturnHeader/ReturnTs02015-11-18T13:39:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-13
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$238,589
Liabilities
$0
Net assets
$238,589
Revenue
$248,305
Expenses
$9,716
Net income
$238,589
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.69$0.00$4.69$5.33$5.40$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$0.00$5.17$3.83$3.24$0.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$0.00$4.59$3.34$3.36$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.62$0.00$4.62$3.67$4.42$0.75
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.37$0.00$5.37$4.14$4.06$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$0.01$5.30$5.13$3.20$1.92
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.00$3.38$3.38$1.11$2.27
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$1.33$0.46$0.87
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.25$0.01$0.24
Peer Organizations

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