EDUCATIONAL OPPORTUNITIES INC

EIN: 591269611 501(c)(3) Religion

LAKELAND, FL

Total Revenue
$2,880,098
Total Expenses
$2,924,123
Total Assets
$9,358,374
Net Assets
$7,693,750
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
FL
Principal Officer
ROBERT E FANNIN
Phone
8636448485
Tax Period
2023-01-01 to 2023-12-31

EDUCATIONAL OPPORTUNITIES INC, founded in 1969, is a community nonprofit in the Religion sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $7.7M represent 32 months of operating reserves.

Mission

PROVIDE EDUCATIONAL SERVICES TO TRAVELERS TO THE HOLY LAND.

Program Service Accomplishments

Program 1
Expenses: $2,607,188 Revenue: $2,644,592

EDUCATIONAL STUDY TOURS THROUGH JERUSALEM CENTER FOR BIBLICAL STUDIES.

Program 2
Expenses: $44,975

SCHOLARSHIPS TO SUBSIDIZE COSTS FOR FIRST TIME CLERGY AND SPOUSES TO TRAVEL TO THE HOLY LAND TO RECEIVE EDUCATION IN THE HOLY LAND IN ORDER TO SUPPORT THEIR MINISTRIES.

Program 3
Expenses: $44,475

LECTURE PROGRAMS PROVIDE LECTURERS TO PILGRIMS WHILE IN THE HOLY LAND. THE LECTURERS PRESENT A LECTURE SERIES TO VARIOUS GROUPS WHO VISIT THE HOLY LAND EACH WEEK, EDUCATING THE VISITORS ABOUT THE...

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LECTURE PROGRAMS PROVIDE LECTURERS TO PILGRIMS WHILE IN THE HOLY LAND. THE LECTURERS PRESENT A LECTURE SERIES TO VARIOUS GROUPS WHO VISIT THE HOLY LAND EACH WEEK, EDUCATING THE VISITORS ABOUT THE HOLY LAND.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $2,644,592
Investment Income $234,506
Other Revenue $0
TOTAL REVENUE $2,880,098

Expense Breakdown

Grants Paid $44,975
Salaries & Benefits $342,103
Fundraising Expenses $0
Program Expenses $2,696,638
Other Expenses $2,537,045
TOTAL EXPENSES $2,924,123

Year-over-Year Comparison

2023 2022 Change
Revenue $2,880,098 $3,253,639 -0.1%
Expenses $2,924,123 $2,724,327 +0.1%
Net Income $-44,025 $529,312 -1.1%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
6
Volunteers
5

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$24,000
Total Directors
6
$24,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT E FANNIN CHAIR 20.00
Officer Director
$24,000 $0 $24,000
B MICHAEL WATSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOHN L HOPKINS TREASURER 2.00
Officer Director
$0 $0 $0
LARRY M GOODPASTER EXECUTIVE DIRECTOR 2.00
Officer Director
$0 $0 $0
WOODIE W WHITE DIRECTOR 2.00
Director
$0 $0 $0
DEBRA K WALLACE-PADGETT DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,880,098 $2,924,123 $9,358,374 $-44,025
2022 $3,253,639 $2,724,327 $8,444,708 $529,312
2021 $547,888 $281,267 $8,537,658 $266,621
2020 $1,258,633 $1,287,091 $8,407,502 $-28,458
2019 $3,080,267 $2,956,251 $8,096,997 $124,016
2018 $3,139,413 $2,629,807 $7,347,010 $509,606
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