Overview
What is The New York Opportunity Network Inc?
The New York Opportunity Network Inc, operating under the name The Opportunity Network, is a nonprofit organization based in New York City. Their primary mission is to close the opportunity gap for students from underrepresented communities, offering comprehensive support from high school through college graduation. Their College Fluency curriculum encompasses seven pillars, including college access, career awareness, professional skills, and wellness, among others. The organization runs three programs: their founding OppNet Fellows program, which serves over 1,000 students annually, their Career Fluency Partnerships program that impacts over 16,000 students across various cities, and their Opportunity Ignited program, which offers advisory services to businesses promoting diversity, equity, and inclusion. The Opportunity Network's strategy aims to empower underrepresented students to succeed in higher education and their future careers.
Official website here: www.opportunitynetwork.org
What are the reviews and ratings of this charity?
**Rating:** 100% (Four-Star out of Four Star rating from Charity Navigator)
The New York Opportunity Network Inc, operating as The Opportunity Network, has achieved a perfect score of 100% in Accountability & Finance, earning it a prestigious Four-Star rating. This high rating reflects the organization’s strong governance practices, including a fully independent board and comprehensive financial oversight. With a program expense ratio of 72.77%, the organization efficiently allocates a significant portion of its resources directly to its programs, demonstrating a commitment to impactful management.
User reviews from GreatNonprofits could not be fetched, leaving a gap in community-based feedback about the organization. However, the metrics available suggest that The Opportunity Network maintains robust accountability practices, such as a detailed conflict of interest policy and effective asset management, underscoring its operational integrity.
Despite the commendable ratings, it is important to note that the organization has not been scored on its impact and measurement, culture and community, or leadership and adaptability. This aspect indicates that while the financial health and governance are solid, the overall impact on its beneficiaries remains to be fully assessed.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The New York Opportunity Network Inc?
100% of 27 reviewers on Facebook recommend The New York Opportunity Network Inc. Here is a summary of their reviews:
Many users praise the organization for its exceptional college access program, highlighting how it effectively prepares students not only for college but also for life beyond their academic pursuits. The program's comprehensive approach is noted as a key strength, with reviewers emphasizing the support and guidance provided to enhance students' future opportunities.
Overall, the sentiment is overwhelmingly positive, with participants affirming that the nonprofit truly delivers on its promises, helping students succeed in their educational journeys and beyond. The dedication of the staff and the impactful resources available to the students receive particular commendation.
This AI summary has been generated from reviews found on Facebook.
Is The New York Opportunity Network Inc legitimate?
The New York Opportunity Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New York Opportunity Network 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: $1,191,935
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,388,713
For more financial information, click here
Official website here: www.opportunitynetwork.org
What is the mission statement of The New York Opportunity Network Inc?
The New York Opportunity Network Inc, known as The Opportunity Network, is dedicated to empowering underrepresented students on their educational and career journeys. Their mission is to ignite the drive, curiosity, and agency in these students, aiming to help them transition through college and into successful careers. This is achieved through their commitment to access and community. The organization's work is centered around a comprehensive curriculum, the Career Fluency, which consists of seven pillars aimed at holistic college and career success. Their strategy includes three programs: a direct program for New York City public school students, capacity-building partnerships with schools and youth-serving organizations, and advisory services for businesses seeking to promote diversity, equity, and inclusion.
Official website here: www.opportunitynetwork.org
Who is the CEO of The New York Opportunity Network Inc?
Ailun Ku is the CEO of The New York Opportunity Network Inc The CEO's salary of The New York Opportunity Network Inc is $276,850 and their total compensation is $277,027.
Official website here: www.opportunitynetwork.org
What is the revenue of The New York Opportunity Network Inc?
The New York Opportunity Network Inc's revenue in 2023 was $10,866,205.
Official website here: www.opportunitynetwork.org
Who are the executives of The New York Opportunity Network Inc and what are their salaries?
The average compensation at The New York Opportunity Network Inc during 2023 was $88,928. There are 74 employees and 600 volunteers at The New York Opportunity Network Inc.
Here are 38 key members and their salaries (The New York Opportunity Network Inc's CEO's salary is $276,850 and their total compensation is $277,027):
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Official website here: www.opportunitynetwork.org
Where can I find the form 990 for The New York Opportunity Network Inc?
The New York Opportunity Network Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.opportunitynetwork.org
Learn more at the official website: www.opportunitynetwork.org
Mission Statement of The New York Opportunity Network Inc
The New York Opportunity Network Inc, commonly known as The Opportunity Network, is dedicated to inspiring ambition, curiosity, and self-determination in underrepresented students, guiding them towards successful college journeys and fulfilling careers. Powered by their commitment to access and community, the organization aims to bridge the opportunity gap for these students.
At its core, The Opportunity Network's mission revolves around seven key pillars: College Access, Transition, and Success; Career Awareness and Exposure; Professional and Workplace Skills; Networks and Social Capital; Social Emotional Learning; Identity and Critical Consciousness; and Wellness and Self-Care. These pillars form the foundation of their Career Fluency curriculum, designed to equip young people with holistic skills necessary for college and career success.
Through their programs, The Opportunity Network directly engages students from 10th grade to their college graduation. The OppNet Fellows program offers intensive support, including individualized college counseling, career exposure, professional skill-building, and paid internships or enrichment programs. This program has shown impressive results, with 93% of OppNet Fellows graduating college within six years and 84% securing jobs or further education within six months of graduation.
Furthermore, The Opportunity Network extends its reach beyond their direct programs through capacity-building Career Fluency Partnerships. By working with schools and youth-serving organizations, they help integrate college and career readiness content into their program models, aiming to improve outcomes for their students. In the 2021-2022 fiscal year, The Opportunity Network impacted over 16,000 students across 25 cities and 11 states through these partnerships.
In addition to these programs, The Opportunity Network also offers advisory services to companies seeking to embed values of diversity, equity, and inclusion in their businesses. By providing inclusive culture mapping, workshops, and advisory services, they help companies create more inclusive workplaces.
In summary, The New York Opportunity Network Inc, or The Opportunity Network, is a mission-driven organization that works tirelessly to close the opportunity gap for underrepresented students. Through their Career Fluency curriculum and comprehensive programs, they empower students with the skills and support needed to succeed in college and beyond, while also helping businesses become more inclusive workplaces.
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Impact
July, 2024
The Opportunity Network ignites the drive, curiosity, and agency of underrepresented students on their paths to and through college and into thriving careers. The organization's Career Fluency curriculum encompasses seven pillars that guide young people to holistic success in college and career. Through their various programs, including the OppNet Fellows program, Career Fluency Partnerships, and Opportunity Ignited, the Opportunity Network has successfully supported thousands of students in achieving college graduation and securing career-aligned employment or graduate school admission. Their impact is reflected in the high college graduation rates and successful career outcomes of the students they serve.
This information is meant to be a general summary of The New York Opportunity Network 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 2023.
- Investment Income: $43,142
- Program Service Revenue: $824,849
- Gross Receipts: $11,245,986
Assets and Liabilities:
- Total Assets: $8,922,114
- Total Liabilities: $281,377
- Net Assets: $8,640,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$824,849
Organization Details
Founding Year
2002
Principal Officer
Ailun Ku
Website
www.opportunitynetwork.orgNTEE Category
Code: B90 - Education
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