Overview
What is Opportunities Inc?
Opportunities Inc, located in Winooski, Vermont, is a nonprofit organization that extends its services to underserved members of the community. Their primary mission is to provide affordable capital and financial services, ensuring access to essential financial resources. In times of emergency, Opportunities Inc offers a loan guarantee fund to members of Opportunities Credit Union, addressing unmet needs in areas such as auto, medical, and family issues, including housing barriers, funeral expenses, and other critical necessities.
Official website here: www.oppsvt.org
Is Opportunities Inc legitimate?
Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.oppsvt.org
What is the mission statement of Opportunities Inc?
Opportunities Inc is committed to providing affordable capital and financial services to underserved members of the community. In times of emergency, members of Opportunities Credit Union can obtain loans, guaranteed by this organization, to address various urgent needs such as auto repairs, medical expenses, and family issues, including housing barriers, funeral expenses, and other critical necessities. This fund aims to help individuals in such challenging situations, ensuring they can manage these emergencies effectively.
Official website here: www.oppsvt.org
Who is the CEO of Opportunities Inc?
Katharine Laud is the Chair, President & Ceo of Opportunities Inc. The CEO's salary of Opportunities Inc is $0 and their total compensation is $189,148.
Official website here: www.oppsvt.org
What is the revenue of Opportunities Inc?
Opportunities Inc's revenue in 2022 was $211,517.
Official website here: www.oppsvt.org
Who are the executives of Opportunities Inc and what are their salaries?
There 4 volunteers at Opportunities Inc.
Here are 4 key members and their salaries (Opportunities Inc's CEO's salary is $0 and their total compensation is $189,148):
- Compensation: $0
- Related: $166,042
- Other: $23,106
- Compensation: $0
- Related: $103,217
- Other: $11,915
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.oppsvt.org
Where can I find the form 990 for Opportunities Inc?
Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oppsvt.org
Learn more at the official website: www.oppsvt.org
Mission Statement of Opportunities Inc
Opportunities Inc, as a nonprofit organization, is committed to providing affordable capital and financial services to underserved members of the community. This mission is carried out primarily through Opportunities Credit Union, a related tax-exempt entity. In times of emergency, when current programs fall short, this fund guarantees loans to its members, enabling them to address pressing issues such as auto repairs, medical expenses, and family-related crises, including barriers to housing, funeral expenses, and other critical needs. By offering these essential financial services, Opportunities Inc plays a significant role in supporting those in need and helping them navigate through challenging situations, ultimately contributing to the overall well-being of the community.
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Impact
October, 2024
Opportunities Inc plays a crucial role in enhancing the financial stability of underserved community members in Winooski, Vermont. By providing affordable capital and tailored financial services, it addresses critical needs that conventional financial systems often overlook. Members of Opportunities Credit Union can access emergency loans backed by a fund that helps them navigate pressing challenges, such as auto repairs, medical expenses, housing barriers, and funeral costs.
This support not only alleviates immediate financial stress but also empowers individuals and families to regain control over their financial situations. The organization's impact extends beyond individual loans; it fosters community resilience and stability by ensuring that vital needs are met, ultimately improving the overall quality of life within the community.
This information is meant to be a general summary of Opportunities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $886
- Gross Receipts: $211,517
Assets and Liabilities:
- Total Assets: $729,757
- Total Liabilities: $0
- Net Assets: $729,757
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Organization Details
Founding Year
1989
Phone
(802) 654-4540Principal Officer
Katharine Laud
Main Address
25 WINOOSKI FALLS WAY 203, WINOOSKI, VT, 054040067
Website
www.oppsvt.orgNTEE Category
Code: S30 - Community improvement
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