Opportunity Institute

“Maria echaveste and current board member christopher edley have a family relationship”

“A draft form 990, return of organization exempt from income tax, is reviewed by the appropriate officers. Thereafter, the draft form 990 is made available to all board members in advance of filing, and each director on the board has an opportunity to review and consider the draft. Within one week of receipt of the draft form 990, directors shall submit their comments and concerns, if any, to the appropriate officer, who may address the comments and concerns. Critical concerns shall be resolved, and resolution of such concerns shall be communicated with the director raising the concern and the board. A copy of the filed form 990 shall be distributed to the entire board approximately one week after filing, together with a note identifying any material and substantial changes from the draft versions distributed earlier.”

“Each officer and director annually completes the conflict of interest disclosure form, and timely updates the president and chair of any changes during the year.”

“The executive committee, without the president, serves as the compensation committee until the board decides otherwise by resolution. The president informs the compensation committee of all senior staff compensation once per year (just prior to the beginning of each fiscal year); the committee may seek to adjust the amounts by resolution of the board, or by recommendation to the president. The committee formally sets the compensation of the president at least once per year.”

“The governing documents, conflict of interest policy, financial statements and form 990 are available for public inspection upon written request.”

“In december 2017, too small to fail, the core project of the strong families and early learning program, was separated from the opportunity institute and transferred to another nonprofit organization. Net assets of $1,277,439 were transferred to this nonprofit organization as part of a separation agreement.”

“Accounting, finance, hr fees: program service expenses 46,692. Management and general expenses 2,233. Fundraising expenses 8,152. Total expenses 57,077. Consulting: program service expenses 5,090. Management and general expenses 7,474. Fundraising expenses 1,951. Total expenses 14,515. Opportunity & justice: program service expenses 488,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 488,325. Pre-k - equity & excellence: program service expenses 496,523. Management and general expenses 0. Fundraising expenses 0. Total expenses 496,523.”

“Refund of 2017 grant payout 2,689.”

“The organization has not changed its oversight process, nor the selection process, during the tax year.”