Civic Intelligence

Opportunity Scholarship Fund

990 • Fiscal year 2018 • EIN 46-4511347

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 22, 2019

Organization ProfileOSFKIDS.ORG
1831 E 71 StreetTulsa, OK 74136

(918) 877-2710

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

46th percentile

1.8%

Higher net margin than 46% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

48th percentile

1.2%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-19%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$5,372,361

Up $64,274 (+1.2%) from 2017

Net Assets

Up

$5,372,361

Up $75,774 (+1.4%) from 2017

Liabilities

Down

$0

Down $11,500 (-100%) from 2017

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin46th percentile

Revenue

Down

$4,140,298

Down $985,942 (-19%) from 2017

Expenses

Up

$4,064,524

Up $859,753 (+27%) from 2017

Net Income

Down

$75,774

Down $1,845,695 (-96%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2018

Assets$5,372,361
Liabilities$0
Net Assets$5,372,361
Open 2018 Filing

Operations Trend

Revenue Growth13th 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

2018

Revenue$4,140,298
Expenses$4,064,524
Net Income$75,774
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 22, 2019
Return Version
2018v3.1
Gross Receipts
$4,140,298
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,308,087$5,329,241▲ $21,154
Investments in Publicly Traded Securities-$41,214-
Prepaid Expenses and Deferred Charges-$1,906-
Total Assets$5,308,087$5,372,361▲ $64,274
Liabilities
Other Liabilities$11,500--
Total Liabilities$11,500$0▼ $11,500
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,769,034$4,831,559▲ $62,525
Unrestricted Net Assets$527,553$540,802▲ $13,249
Total Net Assets Fund Balance$5,296,587$5,372,361▲ $75,774
Total Liabilities and Net Assets / Fund Balance$5,308,087$5,372,361▲ $64,274
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Charles DanielsPresident
Dan NewberryDirector
Eddie HuffDirector
Hopper SmithDirector
Michael CarnuccioDirector
Todd KolczunDirector
Tw ShannonDirector
Brittoni LantzSecretary
Michael LapollaTreasurer
Brandon DutcherVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Robert SellersConsulting1831 E 71 STREET, Tulsa, OK 74136$109,487
Revenue and Support

Revenue Composition

Contributions and Grants
$3,792,454
Program Service Revenue
$304,862
Investment Income
$42,982
Other Revenue
$0
All Other Contributions
$3,792,454
Change in Net Assets
$75,774

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$52,637Fair Market Value
Total Noncash Contributions9$52,637-

Audited Revenue Reconciliation

Revenue per Audited Statements
$475,011
Revenue Not Reported on Financial Statements
$3,665,287
Other Revenue Adjustments
$3,665,287
Total Revenue per Audited Statements
$475,011
Total Revenue per Form 990
$4,140,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,798,922
Other Expenses$141,166
Salaries, Compensation, and Employee Benefits$124,436
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,798,922--$3,798,922
Other Salaries and Wages-$124,436-$124,436
Advertising$105,548--$105,548
Office Expenses-$10,128-$10,128
Fees for Services Accounting-$9,023-$9,023
Occupancy-$3,477-$3,477
Insurance-$3,226-$3,226
Other Expenses-$2,427-$2,427
Information Technology-$1,020-$1,020
Fees for Services Other-$65-$65
Total Functional Expenses$3,904,470$160,054$0$4,064,524

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,064,524
Expenses Not Reported on Financial Statements$3,789,797
Other Expense Adjustments$3,789,797
Expenses per Audited Statements$274,727
Total Expenses per Audited Statements$274,727
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
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
2019-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Sellers
Formed
2014
Legal Domicile
Ok
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Cck Strategies Pllc
Address
8811 S YALE AVE STE 400, TULSA, OK 74137
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 first.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Opportunity scholarship fund evaluates its uncertain tax positions, if any, on a continual 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 3,759,954 net assets released from restrictions -59,125 change in b.o.y. Temporarily restricted contributions -35,542”

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

“Grants & other assistance 3,798,922 grants & awards -9,125”

Raw XML Appendix391 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01330203
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01330203
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0248305
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IRS990ScheduleA/TotalSupportAmt013201110
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IRS990ScheduleD/OtherRevenuesNotIncludedAmt03665287
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03665287
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OPPORTUNITY SCHOLARSHIP FUND EVALUATES ITS UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL 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 3,759,954 NET ASSETS RELEASED FROM RESTRICTIONS -59,125 CHANGE IN B.O.Y. TEMPORARILY RESTRICTED CONTRIBUTIONS -35,542
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2GRANTS & OTHER ASSISTANCE 3,798,922 GRANTS & AWARDS -9,125
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
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IRS990ScheduleD/TotalRevenuePerForm990Amt04140298
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0274727
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt03798922
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01339
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.
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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, WHICHEVER IS FIRST.
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/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0160054
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03904470
IRS990/TotalFunctionalExpensesGrp/TotalAmt04064524
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011500
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt011500
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05372361
IRS990/TotalProgramServiceExpensesAmt03904470
IRS990/TotalProgramServiceRevenueAmt0304862
IRS990/TotalRevenueGrp/ExclusionAmt042982
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0304862
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04140298
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05308087
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05372361
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0527553
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IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0OSFKIDS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SELLERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09184914036
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPPORTUNITY SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0OPPO
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ReturnHeader/Filer/USAddress/AddressLine1Txt01831 E 71 STREET
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.38.22.42
ReturnHeader/FilingSecurityInformation/IPDt02019-09-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm017:08:16
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/ZIPCd074137
ReturnHeader/PreparerPersonGrp/PhoneNum09184914036
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A FRABLE CPA
ReturnHeader/ReturnTs02019-09-09T17:08:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,372,361
Liabilities
$0
Net assets
$5,372,361
Revenue
$4,140,298
Expenses
$4,064,524
Net income
$75,774
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
2018Detailed filing. Detailed filing data is available for this year.$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