2020-08-12T09:56:31-05:00 2019-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2019-01-01 813214432 OPPORTUNITYWORK INC OPPO 2028474470 1111 19TH STREET NW NO 1180 WASHINGTON DC 20036 BYRON G AUGUSTE CEO & CO-FOUNDER 2028474470 2020-08-12 1 RICHARD J LOCASTRO CPA P00288314 3019519090 75.103.231.202 2020-08-12 10:56:25 ED P 90EFBB5FB02E416132FFFBA677145A83C47C36B4 A8E65EE9E982CC9303CBA4B44375695372EB7330 2019 2020-09-23 17:36:50Z BYRON G AUGUSTE 1111 19TH STREET NW NO 1180 WASHINGTON DC 20036 6169926 0 X WWW.OPPORTUNITYATWORK.ORG X 2016 DE SEE PART III, LINE 1. 3 2 30 34 0 0 9859976 6017259 0 0 43473 152667 3201 0 9906650 6169926 297510 81000 0 0 3944648 3530093 0 0 0 1584661 2018480 5826819 5629573 4079831 540353 11145772 11919934 215162 448971 10930610 11470963 X TO EXPAND ACCESS TO CAREER OPPORTUNITIES SO THAT ALL AMERICANS CAN WORK, LEARN, AND EARN TO THEIR FULL POTENTIAL IN A DYNAMIC ECONOMY. 0 0 3970563 0 OUR MISSION AT OPPORTUNITY@WORK IS TO REWIRE THE U.S. LABOR MARKET SO THAT ALL INDIVIDUALS WITHOUT 4-YEAR DEGREES, BUT WHO ARE SKILLED THROUGH ALTERNATIVE ROUTES (STARS), CAN WORK, LEARN, AND EARN TO THEIR FULL POTENTIAL. OPPORTUNITY@WORK AIMS TO OVERCOME THE SYSTEMIC BARRIERS TO EMPLOYERS RECOGNIZING, INVESTING IN, AND HIRING STARS INTO BETTER PAID JOBS. IN 2019, WE INVESTED IN RESEARCH, MARKETING, PARTNERSHIPS, PRODUCT DEVELOPMENT, AND CUSTOMER SUPPORT TO OPEN UP HIGHER PAID EMPLOYMENT OPPORTUNITIES TO STARS BASED ON THEIR SKILLS. WE WORKED TO ALIGN MAJOR COMPANIES AND WORKFORCE NON-PROFITS BEHIND STARS AS A TALENT CATEGORY, (CONTINUED ON SCHEDULE O)CONDUCTED QUANTITATIVE AND QUALITATIVE RESEARCH TO PROVE THE PREVALENCE OF OVERLOOKED TALENT AND ELEVATE STARS OWN VOICES. OUR PRODUCT ENGINEERING TEAM BUILT A MARKETPLACE PLATFORM TO ENABLE INCLUSIVE TRAINING PROVIDERS AND EMPLOYERS TO CONNECT TO MATCH STARS INTO GOOD JOBS. WE ESTABLISHED PARTNERSHIPS TO SUPPORT THE DEPLOYMENT OF SOLUTIONS TO FACILITATE UPWARD MOBILITY FOR STARS IN BUSINESS ECOSYSTEMS AND IN REGION-SPECIFIC LABOR MARKETS. WE CONTINUED TO TEST INNOVATIVE FINANCING SOLUTIONS FOR STARS WORKING LEARNERS AND NON-PROFIT TRAINING PROVIDERS. 138146 81000 TALENT FINANCING SOLUTIONSWE USED TWO PILOTS TO TEST INNOVATIVE FINANCING MECHANISMS (IN THIS CASE, INCOME SHARE AGREEMENTS), TRACKING REPAYMENT METRICS AFTER TRAINING TO HELP US AND THE WORKFORCE DEVELOPMENT FIELD TO BETTER UNDERSTAND THE SCALABILITY OF TRAINING AND SUSTAINABILITY FOR DIFFERENT FUNDERS/INVESTORS. WE DEVELOPED AND LAUNCHED A SECOND PILOT (THE TURING PILOT) WITH THE TURING SCHOOL OF SOFTWARE AND DESIGN, A NONPROFIT TRAINING PROVIDER LOCATED IN DENVER COLORADO IN LATE 2018 THAT CONTINUED TO 2019, (CONTINUED ON SCHEDULE O)IN ADDITION TO THE GENERAL ASSEMBLY PILOT FROM 2018. BOTH PILOTS INCREASED ACCESS TO TECHNICAL TRAINING AND CREDENTIALING FOR PEOPLE FROM LOW INCOME, LOW CREDIT BACKGROUND TO FINANCE THEIR EDUCATION AND TIE THE FINANCING OF THEIR TRAINING TO CAREER OUTCOMES. 4108709 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 30 0 1 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X YOLANDA TOWNSEND 2028474470 1111 19TH STREET NW SUITE 1180 WASHINGTON DC 20036 BYRON AUGUSTE CEO & CO-FOUNDER 60.00 X X 203841 0 17012 ANNE-MARIE SLAUGHTER TREASURER 1.00 X X 0 0 0 REID HOFFMAN CHAIRMAN 1.00 X 0 0 0 KARAN CHOPRA EXEC VP & CO-FOUNDER(UNTIL 10/31/19) 60.00 X 172779 0 7828 YOLANDA TOWNSEND COO & GENERAL COUNSEL 60.00 X 206628 0 8882 MURALIN MURUGAN CTO 40.00 X 316188 0 26354 KOMAL KIRTIKAR SR. VP & HEAD OF MARKETPLACE 40.00 X 188837 0 7965 PAPIA DEBROY VP OF INSIGHTS 40.00 X 163572 0 14188 NALIN LIYANAMANA DIRECTOR OF FINANCE & ADMIN. 40.00 X 131415 0 19301 RICHARD POPLAWSKI DIRECTOR OF PRODUCT 40.00 X 156295 0 16712 WILLIAM VILLOTA DIRECTOR OF MARKETING & COMM. 40.00 X 147808 0 7550 ANNE-MICHELE MORTIMER DIRECTOR OF SPECIAL PROJECTS 40.00 X 146350 0 7539 MICHAEL SHWEDICK DIRECTOR OF PEOPLE (FROM 3/11/19) 40.00 X 105200 0 12801 1938913 0 146132 11 0 1 0 V2 SOLUTIONS 2340 WALSH AVENUE SUITE D SANTA CLARA CA 95051 IT ENGINEERING 221880 ACCENTURE 161 N CLARK STREET CHICAGO IL 60601 PROGRAM SUPPORT 195000 SHAD AHMED 45 CHILTON AVENUE SAN FRANCISCO CA 94131 PROGRAM SUPPORT 152811 3 6017259 6017259 152667 152667 6169926 0 0 152667 X 81000 81000 1334074 954944 379130 1792663 1313292 479371 76812 56192 20620 119427 92366 27061 207117 150346 56771 21600 15679 5921 773780 561696 212084 196249 142457 53792 40951 29726 11225 259826 188599 71227 275769 200181 75588 232042 168430 63612 29392 21345 8047 1834 1332 502 29702 21561 8141 UBI TAXES 6400 6400 STAFF RETENT./RECRUIT. 97657 70889 26768 TUITION PAYMENTS 28291 20536 7755 ISA ORIGINATION FEES 13955 10130 3825 11032 8008 3024 5629573 4108709 1520864 0 862471 1065333 8699895 10297017 1502551 375500 73906 170987 9171 4056 6949 5115 0 5982 11145772 11919934 76656 314225 118785 119024 19721 15722 215162 448971 X 8666046 9741931 2264564 1729032 10930610 11470963 11145772 11919934 540353 0 X 0 1 X 1 0 X 2500000 8950119 9859976 6017259 27327354 2500000 8950119 9859976 6017259 27327354 18747756 8579598 43473 152667 196140 1348 3201 4549 27528043 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9171 4056 5115 5115 DEFERRED RENT 15722 15722 X 6169926 0 6169926 0 6169926 5629573 0 5629573 0 5629573 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2019, OPP@WORK HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 STUDENT STIPENDS 12 81000 PART I, LINE 2: LIVING ASSISTANCE: FOR PEOPLE SELECTED AND ENROLLED IN OUR TALENT EQUITY FINANCING PROGRAM, WE PROVIDE A MONTHLY CASH DISBURSEMENT DIRECTLY TO THE INDIVIDUALS WHILE THEY ARE ENROLLED IN THE COURSE AND UP TO 3 MONTHS AFTER GRADUATION. AS LONG AS THEY ARE ENROLLED IN THE TRAINING COURSE AND NOT YET EMPLOYED, THEY RECEIVE THE LIVING ASSISTANCE. WHILE WE DO NOT REQUIRE ANY INFORMATION ON EXPENDITURE STATEMENTS, EACH INDIVIDUAL SIGNS A STIPEND AWARD AGREEMENT INDICATING THAT THE STIPEND IS TO BE USED FOR LIVING ASSISTANCE TO COVER LIVING EXPENSES TO SUPPORT THEIR FULL-TIME COMMITMENT TO THE TRAINING PROGRAM. X X 0 0 0 0 0 0 0 1 0 BYRON AUGUSTE CEO & CO-FOUNDER 203841 0 0 0 0 0 7100 0 9912 0 220853 0 0 0 KARAN CHOPRA EXEC VP & CO-FOUNDER(UNTIL 10/31/19) 172779 0 0 0 0 0 6751 0 1077 0 180607 0 0 0 YOLANDA TOWNSEND COO & GENERAL COUNSEL 206628 0 0 0 0 0 7100 0 1782 0 215510 0 0 0 MURALIN MURUGAN CTO 295728 0 20460 0 0 0 7990 0 18364 0 342542 0 0 0 KOMAL KIRTIKAR SR. VP & HEAD OF MARKETPLACE 188837 0 0 0 0 0 6888 0 1077 0 196802 0 0 0 PAPIA DEBROY VP OF INSIGHTS 163572 0 0 0 0 0 6648 0 7540 0 177760 0 0 0 NALIN LIYANAMANA DIRECTOR OF FINANCE & ADMIN. 131415 0 0 0 0 0 6336 0 12965 0 150716 0 0 0 RICHARD POPLAWSKI DIRECTOR OF PRODUCT 143795 0 12500 0 0 0 6644 0 10068 0 173007 0 0 0 WILLIAM VILLOTA DIRECTOR OF MARKETING & COMM. 147808 0 0 0 0 0 6490 0 1060 0 155358 0 0 0 ANNE-MICHELE MORTIMER DIRECTOR OF SPECIAL PROJECTS 146350 0 0 0 0 0 6479 0 1060 0 153889 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUSES DURING THE YEAR: MURALI MURUGAN $20,460 RICHARD POPLAWSKI $12,500 MICHAEL SHWEDICK $5,000 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS. THE FORM 990 WAS EMAILED TO THE BOARD FOR THEIR REVIEW, COMMENT AND APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURES ARE PROVIDED BY EACH BOARD MEMBER AND EMPLOYEE. THE PRESIDENT REVIEWS ANY POTENTIAL CONFLICTS ANNUALLY AND FOLLOWS THE PROCEDURES TO RESOLVE ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION RESEARCHED COMPARABILITY DATA TO DETERMINE THE CEO'S SALARY AND RELIED ON PAYSCALE DATA FROM THE 2018 GUIDESTAR NONPROFIT COMPENSATION REPORT TO DETERMINE THE MEDIAN OF CEO SALARIES IN THE WASHINGTON, DC AREA AND COMPARED IT TO OPPORTUNITY@WORK'S CURRENT CEO'S SALARY. THE BOARD UTILIZED THIS INFORMATION FOR THE CEO'S COMPENSATION REVIEW DURING THE JANUARY 2020 BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO INTERESTED PARTIES AND GOVERNMENT BODIES. FORM 990, PART IX, LINE 11G TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 450,530. MANAGEMENT AND GENERAL EXPENSES 170,110. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 620,640. ADMINISTRATIVE FEES: PROGRAM SERVICE EXPENSES 5,943. MANAGEMENT AND GENERAL EXPENSES 2,244. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,187. COMMUNICATIONS: PROGRAM SERVICE EXPENSES 105,223. MANAGEMENT AND GENERAL EXPENSES 39,730. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 144,953. OPPORTUNITYWORK - TALENT EQUITY FUND LLC 1111 19TH STREET NW SUITE 1180 WASHINGTON DC 20036 364879557 SEE PART VII BELOW DE 11759 66073 OPPORTUNITYWORK INC PART I, COLUMN (B) PRIMARY ACTIVITY: PROVIDING FINANCIAL ASSITANCE TO INDIVIDUALS WITH POOR OR NO CREDIT TO PURSUE EDUCATION AND TRAINING PROGRAMS, IN THE FORM OF INCOME SHARE AGREEMENT OR OTHER INNOVATIVE FINANCING.