OPPORTUNITY SCHOLARS

EIN: 843571746 501(c)(3) Youth Development

WINCHESTER, VA

Total Revenue
$678,638
Total Expenses
$519,432
Total Assets
$2,032,742
Net Assets
$1,046,568
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
J KNOX SINGLETON
Phone
5409311084
Tax Period
2024-01-01 to 2024-12-31

Opportunity Scholars, founded in 2019, is a small nonprofit in the Youth Development sector that reported $308K in total revenue in fiscal year 2020. The organization ran a surplus of $220K, a strong 71% operating margin.

Mission

OPPORTUNITY SCHOLARS' MISSION IS TO SUPPORT EDUCATION AND TRAINING PATHWAYS FOR STUDENTS FROM LOW INCOME AND ETHNICALLY UNDERREPRESENTED COMMUNITIES. OPPORTUNITY SCHOLARS SERVES AS THE CONNECTION BETWEEN STUDENTS AND THEIR FAMILIES, K-12 SCHOOLS, HIGHER EDUCATION PROVIDERS AND LOCAL BUSINESSES. THROUGH CULTURALLY APPROPRIATE COACHING, ACADEMIC SUPPORT AND RISK-FREE FINANCING, OPPORTUNITY SCHOLARS HELPS STUDENTS ACHIEVE THE ACADEMIC AND TECHNICAL QUALIFICATIONS FOR GREAT JOBS IN THE PRIORITY WORKFORCE SHORTAGE AREAS WITHIN THE COMMUNITIES WE SERVE. BY HELPING STUDENTS GET HIGH PAYING JOBS WHILE TARGETING PRIORITY WORKFORCE DEVELOPMENT NEEDS, BOTH THE STUDENTS AND THEIR COMMUNITIES ACHIEVE TRANSFORMATIONAL IMPROVEMENT IN THEIR ECONOMIC STATUS AND A REDUCTION IN INCOME INEQUALITY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $621,143
Program Service Revenue $21,632
Investment Income $35,863
Other Revenue $0
TOTAL REVENUE $678,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $427,168
Fundraising Expenses $5,080
Program Expenses $471,970
Other Expenses $92,264
TOTAL EXPENSES $519,432

Year-over-Year Comparison

2024 2023 Change
Revenue $678,638 $480,827 +0.4%
Expenses $519,432 $669,859 -0.2%
Net Income $159,206 $-189,032 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
16
Employees
13
Volunteers
N/A

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
5
$0
Total Directors
12
$132,290
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNER MARSDEN DIRECTOR 1.00
Director
$0 $0 $0
TRACY FITZSIMMONS DIRECTOR 1.00
Director
$0 $0 $0
SONNY SWANN DIRECTOR 1.00
Director
$0 $0 $0
NICK CLEMENTE DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN CUMBIE TREASURER 1.00
Director
$0 $0 $0
JAMES W DYKE JR DIRECTOR 1.00
Director
$0 $0 $0
DELBERT PARKS DIRECTOR 1.00
Director
$0 $0 $0
ALAN WURTZEL DIRECTOR 1.00
Director
$0 $0 $0
CARL BIGGS DIRECTOR 1.00
Director
$0 $0 $0
RACHEL SCHAEFER DIRECTOR 1.00
Director
$132,290 $0 $132,290
JILL HOLTZMAN VOGEL DIRECTOR 1.00
Director
$0 $0 $0
ROB BANSE DIRECTOR 1.00
Director
$0 $0 $0
FRED THOMPSON VICE CHAIR 1.00
Officer
$0 $0 $0
LORNA MARTINEZ MAGILL SECRETARY 1.00
Officer
$0 $0 $0
J KNOX SINGLETON VICE CHAIR/FOUNDER 2.00
Officer
$0 $0 $0
SCOTT MILLER CHAIR 2.00
Officer
$0 $0 $0
ANDY VIPPERMAN DIRECTOR 1.00
Officer
$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 $678,638 $519,432 $2,032,742 $159,206
2024 No data No data No data No data
2023 $480,827 $669,859 $938,612 $-189,032
2022 $412,077 $275,998 $923,295 $136,079
2021 $656,768 $169,173 $715,290 $487,595
2020 $308,000 $88,245 $225,770 $219,755
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