Civic Intelligence

Opportunity Scholarship Fund

990 • Fiscal year 2015 • EIN 46-4511347

Jan 01, 2015 to Dec 31, 2015 • Filed on May 05, 2016

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

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

95th percentile

65%

Higher net margin than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

36th percentile

$11,000

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

99th percentile

364%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

436%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,105,903

Up $867,314 (+364%) from 2014

Net Assets

Up

$1,105,903

Up $867,314 (+364%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin95th percentile

Revenue

Up

$1,330,203

Up $1,081,898 (+436%) from 2014

Expenses

Up

$462,889

Up $453,173 (+4664%) from 2014

Net Income

Up

$867,314

Up $628,725 (+264%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2015

Assets$1,105,903
Liabilities$0
Net Assets$1,105,903
Open 2015 Filing

Operations Trend

Revenue Growth98th percentile

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

2015

Revenue$1,330,203
Expenses$462,889
Net Income$867,314
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 5, 2016
Return Version
2015v2.1
Gross Receipts
$1,330,203
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$238,589$1,105,903▲ $867,314
Total Assets$238,589$1,105,903▲ $867,314
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$213,162$966,506▲ $753,344
Unrestricted Net Assets$25,427$139,397▲ $113,970
Total Net Assets Fund Balance$238,589$1,105,903▲ $867,314
Total Liabilities and Net Assets / Fund Balance$238,589$1,105,903▲ $867,314
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael LapollaExecutive DiPT$11,000$11,000

Board Members and Trustees

NameTitle
Michael CarnuccioPresident
Brandon DutcherMember
Brittoni LantzMember
T W ShannonMember
Todd KolczunMember
Mark StephenSecretary/ T
Charles DanielsVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,330,203
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,330,203
Change in Net Assets
$867,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$443,839
Salaries, Compensation, and Employee Benefits$11,000
Other Expenses$8,050
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$443,839--$443,839
Other Salaries and Wages$11,000--$11,000
Insurance-$2,584-$2,584
Fees for Services Accounting-$2,094-$2,094
Advertising$1,744--$1,744
Office Expenses$1,095--$1,095
Conferences and Meetings-$468-$468
Fees for Services Other-$65-$65
Total Functional Expenses$457,678$5,211$0$462,889
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
Robert Sellers
Title
Executive Director
Phone
9186021667
Signed
2016-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Sellers
Formed
2014
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
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/ExplanationTxt0THE 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.
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ORGANIZING DOCUMENTS ARE AVAILABLE TO BE VIEWED BY THE PUBLIC GIVEN SUFFICIENT NOTICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01330203
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05211
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0457678
IRS990/TotalFunctionalExpensesGrp/TotalAmt0462889
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0238589
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01105903
IRS990/TotalProgramServiceExpensesAmt0457678
IRS990/TotalReportableCompFromOrgAmt011000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01330203
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0238589
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01105903
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt025427
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0139397
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01401 N LINCOLN BLVD STE 200
IRS990/USAddress/CityNm0OKLAHOMA CITY
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd073104
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://OSFKIDS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SELLERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09186021667
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPPORTUNITY SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0OPPO
ReturnHeader/Filer/EIN0464511347
ReturnHeader/Filer/USAddress/AddressLine1Txt01401 N LINCOLN BLVD STE 200
ReturnHeader/Filer/USAddress/CityNm0OKLAHOMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073104
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/PreparationDt02016-07-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS A HUDSON
ReturnHeader/ReturnTs02016-08-17T11:42:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,105,903
Liabilities
$0
Net assets
$1,105,903
Revenue
$1,330,203
Expenses
$462,889
Net income
$867,314
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