Civic Intelligence

Opportunity Scholarship Fund

990 • Fiscal year 2017 • EIN 46-4511347

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 20, 2018

1831 E 71 StreetTulsa, OK 74136

(918) 602-1667

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

93rd percentile

57%

Faster asset growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

51%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,308,087

Up $1,932,969 (+57%) from 2016

Net Assets

Up

$5,296,587

Up $1,921,469 (+57%) from 2016

Liabilities

Up

$11,500

Up $11,500 from 2016

Revenue

Up

$5,126,240

Up $1,742,351 (+51%) from 2016

Expenses

Up

$3,204,771

Up $2,090,097 (+188%) from 2016

Net Income

Down

$1,921,469

Down $347,746 (-15%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$5,308,087
Liabilities$11,500
Net Assets$5,296,587

Operations Trend

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

2017

Revenue$5,126,240
Expenses$3,204,771
Net Income$1,921,469
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 20, 2018
Return Version
2017v2.3
Gross Receipts
$5,126,240
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, whichever is later.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,375,118$5,308,087▲ $1,932,969
Total Assets$3,375,118$5,308,087▲ $1,932,969
Liabilities
Other Liabilities-$11,500-
Total Liabilities$0$11,500▲ $11,500
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,962,708$4,769,034▲ $1,806,326
Unrestricted Net Assets$412,410$527,553▲ $115,143
Total Net Assets Fund Balance$3,375,118$5,296,587▲ $1,921,469
Total Liabilities and Net Assets / Fund Balance$3,375,118$5,308,087▲ $1,932,969
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles DanielsPresident
Brittoni LantzDirector
Eddie HuffDirector
Hopper SmithDirector
Michael CarnuccioDirector
Todd KolczunDirector
Tw ShannonDirector
Michael LapollaSecretary/tr
Brandon DutcherVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,740,173
Program Service Revenue
$384,537
Investment Income
$1,530
Other Revenue
$0
All Other Contributions
$4,740,173
Change in Net Assets
$1,921,469

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$84,820Fair Market Value
Total Noncash Contributions9$84,820-

Audited Revenue Reconciliation

Revenue per Audited Statements
$422,978
Revenue Not Reported on Financial Statements
$4,703,262
Other Revenue Adjustments
$4,703,262
Total Revenue per Audited Statements
$422,978
Total Revenue per Form 990
$5,126,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,041,626
Other Expenses$84,774
Salaries, Compensation, and Employee Benefits$78,371
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,041,626--$3,041,626
Other Salaries and Wages-$78,371-$78,371
Advertising$60,142--$60,142
Fees for Services Accounting-$16,511-$16,511
Office Expenses-$2,899-$2,899
Insurance-$2,604-$2,604
Information Technology-$324-$324
Fees for Services Other-$122-$122
Fees for Services Legal-$75-$75
Other Expenses-$34-$34
Total Functional Expenses$3,101,768$103,003$0$3,204,771

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,204,771
Expenses Not Reported on Financial Statements$3,041,626
Other Expense Adjustments$3,041,626
Expenses per Audited Statements$163,145
Total Expenses per Audited Statements$163,145
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Donors$11,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
1831 E 71 STREET, TULSA, OK 74136

Signing Officer

Name
Robert Sellers
Title
Executive Director
Phone
9184914036
Signed
2018-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Sellers
Formed
2014
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Cck Strategies Pllc
Address
8811 S YALE AVE STE 400, TULSA, OK 74137-3552
Preparer
Jeffrey a Frable CPA
Phone
9184914036
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, whichever is later.

Financial Statement Notes

Schedule D, Page 3, Part X

Opportunity scholarship fund evaluates its uncertain tax positions, if any, on a contiunal basis through review of their policies and procedures, review of their regular tax filings and discussions with outside experts. Management has determined that opportunity scholarship fund had no uncertain tax positions that require adjustment to the financial statements.

Schedule D, Page 4, Part XI, Line 4B

Temporarily restricted contributions 4,740,173 net assets released from restrictions -50,000 other differences 13,089

Schedule D, Page 4, Part XII, Line 4B

Grants & other assistance 3,041,626

Raw XML Appendix368 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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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03041626
IRS990ScheduleD/ExpensesSubtotalAmt0163145
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt03041626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO DONORS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt04703262
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt04703262
IRS990ScheduleD/RevenueSubtotalAmt0422978
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OPPORTUNITY SCHOLARSHIP FUND EVALUATES ITS UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTIUNAL BASIS THROUGH REVIEW OF THEIR POLICIES AND PROCEDURES, REVIEW OF THEIR REGULAR TAX FILINGS AND DISCUSSIONS WITH OUTSIDE EXPERTS. MANAGEMENT HAS DETERMINED THAT OPPORTUNITY SCHOLARSHIP FUND HAD NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TEMPORARILY RESTRICTED CONTRIBUTIONS 4,740,173 NET ASSETS RELEASED FROM RESTRICTIONS -50,000 OTHER DIFFERENCES 13,089
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GRANTS & OTHER ASSISTANCE 3,041,626
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalExpensesPerForm990Amt03204771
IRS990ScheduleD/TotalLiabilityAmt011500
IRS990ScheduleD/TotalRevenuePerForm990Amt05126240
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0422978
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0163145
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt03041626
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01018
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ELIGIBILITY IS REVIEWED FOR ALL APPLICANTS. A STUDENT MUST BE A LAWFUL 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 GUILDLINES; 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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
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, WHICHEVER IS LATER.
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/TemporarilyRstrNetAssetsGrp/EOYAmt04769034
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IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0103003
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03101768
IRS990/TotalFunctionalExpensesGrp/TotalAmt03204771
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt011500
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt011500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03375118
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05296587
IRS990/TotalProgramServiceExpensesAmt03101768
IRS990/TotalProgramServiceRevenueAmt0384537
IRS990/TotalRevenueGrp/ExclusionAmt01530
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0384537
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05126240
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03375118
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05308087
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0412410
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0527553
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01831 E 71 STREET
IRS990/USAddress/CityNm0TULSA
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd074136
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0OSFKIDS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SELLERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09184914036
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPPORTUNITY SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0OPPO
ReturnHeader/Filer/EIN0464511347
ReturnHeader/Filer/USAddress/AddressLine1Txt01831 E 71 STREET
ReturnHeader/Filer/USAddress/CityNm0TULSA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D4BD325E1754AF1ED3C378D0C4A1132F7B4023C3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId006AC52BA82C204F3AB2CBD921F14DC57946214A4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.38.22.44
ReturnHeader/FilingSecurityInformation/IPDt02018-08-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm018:25:35
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731528194
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CCK STRATEGIES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08811 S YALE AVE STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TULSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0741373552
ReturnHeader/PreparerPersonGrp/PhoneNum09184914036
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A FRABLE CPA
ReturnHeader/ReturnTs02018-08-23T18:25:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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