Civic Intelligence

The Opportunity Fund

990 • Fiscal year 2019 • EIN 95-4120054

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 29, 2020

Organization ProfileN/A
4182 Beck AvenueStudio City, CA 91604

(818) 980-0340

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.36x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Net Margin

1st percentile

-561%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Asset Growth

20th percentile

-16%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

26%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$465,304

Down $87,812 (-16%) from 2018

Net Assets

Down

$459,354

Down $93,762 (-17%) from 2018

Liabilities

Up

$5,950

Up $5,950 from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin1st percentile

Revenue

Up

$16,723

Up $3,419 (+26%) from 2018

Expenses

Down

$110,485

Down $28,311 (-20%) from 2018

Net Income

Up

-$93,762

Up $31,730 (+25%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $872,604Liabilities 2011: $0Net Assets 2011: $872,6042011Assets 2012: $786,579Liabilities 2012: $0Net Assets 2012: $786,5792012Assets 2013: $765,233Liabilities 2013: $0Net Assets 2013: $765,2332013Assets 2014: $774,055Liabilities 2014: $0Net Assets 2014: $774,0552014Assets 2015: $726,115Liabilities 2015: $0Net Assets 2015: $726,1152015Assets 2016: $663,513Liabilities 2016: $0Net Assets 2016: $663,5132016Assets 2017: $678,608Liabilities 2017: $0Net Assets 2017: $678,6082017Assets 2018: $553,116Liabilities 2018: $0Net Assets 2018: $553,1162018Assets 2019: $465,304Liabilities 2019: $5,950Net Assets 2019: $459,3542019Assets 2020: $343,752Liabilities 2020: $0Net Assets 2020: $343,7522020Assets 2021: $311,533Liabilities 2021: $0Net Assets 2021: $311,5332021Assets 2022: $260,060Liabilities 2022: $0Net Assets 2022: $260,0602022Assets 2023: $192,234Liabilities 2023: $0Net Assets 2023: $192,2342023Assets 2024: $185,538Liabilities 2024: $0Net Assets 2024: $185,5382024

Highlighted filing

2019

Assets$465,304
Liabilities$5,950
Net Assets$459,354
Open 2019 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2011: $35,882Expenses 2011: $175,745Net Income 2011: -$139,8632011Revenue 2012: $29,270Expenses 2012: $115,295Net Income 2012: -$86,0252012Revenue 2013: $62,876Expenses 2013: $84,222Net Income 2013: -$21,3462013Revenue 2014: $69,856Expenses 2014: $61,034Net Income 2014: $8,8222014Revenue 2015: $71,595Expenses 2015: $119,535Net Income 2015: -$47,9402015Revenue 2016: $10,022Expenses 2016: $72,624Net Income 2016: -$62,6022016Revenue 2017: $96,402Expenses 2017: $81,307Net Income 2017: $15,0952017Revenue 2018: $13,304Expenses 2018: $138,796Net Income 2018: -$125,4922018Revenue 2019: $16,723Expenses 2019: $110,485Net Income 2019: -$93,7622019Revenue 2020: -$31,334Expenses 2020: $84,268Net Income 2020: -$115,6022020Revenue 2021: $56,843Expenses 2021: $89,062Net Income 2021: -$32,2192021Revenue 2022: $30,494Expenses 2022: $81,967Net Income 2022: -$51,4732022Revenue 2023: $20,005Expenses 2023: $87,831Net Income 2023: -$67,8262023Revenue 2024: $8,795Expenses 2024: $15,491Net Income 2024: -$6,6962024

Highlighted filing

2019

Revenue$16,723
Expenses$110,485
Net Income-$93,762
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 29, 2020
Return Version
2019v5.0
Gross Receipts
$230,219
Mission and Program Overview

Mission

To provide funding to organizations that promote the public good.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$550,200$465,304▼ $84,896
Rtn Earn Endowment Incm Other Fnds$553,116$459,354▼ $93,762
Savings and Temporary Cash Investments$2,916$0▼ $2,916
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$553,116$465,304▼ $87,812
Other Assets Total-$0-
Liabilities
Other Liabilities-$5,950-
Total Liabilities$0$5,950▲ $5,950
Net Assets / Fund Balance
Total Net Assets Fund Balance$553,116$459,354▼ $93,762
Total Liabilities and Net Assets / Fund Balance$553,116$465,304▼ $87,812
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Mary Louise CohenChair
Bruce CohenDirector
Chuck ScofieldDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$16,723
Other Revenue
$0
Change in Net Assets
$-93,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$99,700
Other Expenses$10,785
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$99,700--$99,700
Fees for Service Investment Mgmnt Fees$2,370$2,369-$4,739
Fees for Services Accounting-$2,500-$2,500
Insurance$726$726-$1,452
Other Expenses$5$5-$10
Total Functional Expenses$103,844$6,641$0$110,485
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Democracy 21Washinton, DC-See Schedule O$50,000
Talent Beyond BoundariesWashington, DC-See Schedule O$25,000
Hope for ChildrenBethesda, MD-See Schedule O$9,700
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cash Overdraft$5,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Two directors are married.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The return was reviewed by the bookkeeper and approved by the board of directors before filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
The Opportunity Fund
EIN
95-4120054
Phone
8189800340
Address
4182 BECK AVENUE, STUDIO CITY, CA 91604

Signing Officer

Name
Mary Louise Cohen
Title
Chair
Signed
2020-02-29
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Jenkins Bowler Llp
Address
626 S LAKE AVE, PASADENA, CA 91106-3918
Preparer
Patrick J Bowler
Phone
6267922179
Supplemental Narrative

Additional Explanations

Schedule I Part II - Purpose of Grant

“1. Grant to Hope for Children - Funds to support a group home in Addis Ababa, Ethiopia, for children affected by HIV/Aids.2. Grant to Democracy 21 - Funds to lead the public education effort in support of the Empowering Citizens Act.3. Grant to Save Venice Inc - Funds to preserve the artistic heritage of Venice, Italy.4. Grant to Junior Tennis Champions Center - Funds to provide opportunities for junior players from all backgrounds to reach their full potential on the court and in the classroom.5. Grant to Meridian International Center - Funds to strengthen U.S. engagement with the world and accelerate collaboration through exchanges of leaders, ideas and culture.6. Grant to Talent Beyond Boundaries - Funds to support development expenses for nonprofit organization connecting refugees to international job opportunities.”

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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/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Democracy 21
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Hope for Children
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TALENT BEYOND BOUNDARIES
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IRS990ScheduleI/RecipientTable/RecipientEIN1201707974
IRS990ScheduleI/RecipientTable/RecipientEIN2811936850
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02000 Massachusetts Avenue NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15801 Searl Terrace
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22000 MASSACHUSETTS AVE
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1Bethesda
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMBERS AT THE OPPORTUNITY FUND MEET REGULARLY WITH GRANT RECIPIENTS TO MONITOR THE USE OF GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO DIRECTORS ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN WAS REVIEWED BY THE BOOKKEEPER AND APPROVED BY THE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31. Grant to Hope for Children - Funds to support a group home in Addis Ababa, Ethiopia, for children affected by HIV/Aids.2. Grant to Democracy 21 - Funds to lead the public education effort in support of the Empowering Citizens Act.3. Grant to Save Venice Inc - Funds to preserve the artistic heritage of Venice, Italy.4. Grant to Junior Tennis Champions Center - Funds to provide opportunities for junior players from all backgrounds to reach their full potential on the court and in the classroom.5. Grant to Meridian International Center - Funds to strengthen U.S. engagement with the world and accelerate collaboration through exchanges of leaders, ideas and culture.6. Grant to Talent Beyond Boundaries - Funds to support development expenses for nonprofit organization connecting refugees to international job opportunities.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE I PART II - PURPOSE OF GRANT
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARY LOUISE COHEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE OPPORTUNITY FUND
ReturnHeader/Filer/BusinessNameControlTxt0OPPO
ReturnHeader/Filer/EIN0954120054
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JENKINS BOWLER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0626 S LAKE AVE
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ReturnHeader/PreparerPersonGrp/PhoneNum06267922179
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick J Bowler
ReturnHeader/ReturnTs02020-02-29T14:52:04-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$465,304
Liabilities
$5,950
Net assets
$459,354
Revenue
$16,723
Expenses
$110,485
Net income
-$93,762
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.00$1.86$0.09$0.15$0.07
2023Summary only. Only limited summary data is available for this year.$1.92$0.00$1.92$0.20$0.88$0.68
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.00$2.60$0.30$0.82$0.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.00$3.12$0.57$0.89$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$0.00$3.44$0.31$0.84$1.16
2019Detailed filing. Detailed filing data is available for this year.$4.65$0.06$4.59$0.17$1.10$0.94
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.53$0.00$5.53$0.13$1.39$1.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.79$0.00$6.79$0.96$0.81$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.64$0.00$6.64$0.10$0.73$0.63
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.26$0.00$7.26$0.72$1.20$0.48
2014Detailed filing. Detailed filing data is available for this year.$7.74$0.00$7.74$0.70$0.61$0.09
2013Summary only. Only limited summary data is available for this year.$7.65$0.00$7.65$0.63$0.84$0.21
2012Summary only. Only limited summary data is available for this year.$7.87$0.00$7.87$0.29$1.15$0.86
2011Summary only. Only limited summary data is available for this year.$8.73$0.00$8.73$0.36$1.76$1.40