The Opportunity Agenda Inc

“The organization does not contemporaneously document every committee meeting held and written actions taken during the tax year by its governing body and committees.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. A copy is provided to the board of directors for review prior to filing with the irs.”

“Board members and key staff are required to sign conflict of interest disclosures on an annual basis and are obligated to disclose any conflicts as they arise. When a director or key staff member has an interest in a transaction or other matter being considered by the organization, the director or key staff member should disclose the conflict to the chairman or president, or if appropriate, the full board. The board member in potential conflict of interest situations may participate in the early information-gathering stage of the matter, but should not participate in the deliberations, decision or vote regarding the matter under consideration. The disclosure and recusal of the board member shall be recorded in the minutes. A conflicted party may not attempt to improperly influence the deliberations or voting on the matter giving rise to the conflict.”

“Opportunity agenda had a process in place to determine the salary of the ceo, top management and key employees which includes a compensation survey performed by a peo and a study performed by an independent consultant. Compensation is then approved by the search committee and executive committee of the board. This process was last undertaken in 2024.”

“The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on own website, guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, and by-laws are also available upon written request.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Payroll fees: program service expenses 45,630. Management and general expenses 364. Fundraising expenses 1,075. Total expenses 47,069. Consulting fees: program service expenses 311,415. Management and general expenses 90,738. Fundraising expenses 240,048. Total expenses 642,201. Staff recruitment: program service expenses 173,241. Management and general expenses 91,285. Fundraising expenses 0. Total expenses 264,526. Hr consultant fees: program service expenses 163,783. Management and general expenses 0. Fundraising expenses 0. Total expenses 163,783.”

“Grant adjustment/rescindment -1,723,689.”