Overview
What is Opportunity Scholarship Fund?
The Opportunity Scholarship Fund is a nonprofit organization based in Tulsa, Oklahoma, with a specific mission to support Oklahoma's pre-K to 12th grade students, families, schools, and donors. Their primary focus is to provide financial assistance to lower-income students in the form of scholarships, enabling them to attend accredited private schools. The fund also assists these schools by offering state income tax credits to build tuition scholarships. In 2022, over 1,200 scholarships were awarded to Oklahoma students through participating schools. The Opportunity Scholarship Fund's scholarships are designed to be ongoing, with students and their siblings remaining eligible until high school graduation or turning 21, whichever comes first.
Official website here: www.osfkids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Opportunity Scholarship Fund has received a strong rating of 91%, indicating a solid performance in accountability and finance. With a perfect score of 100% for its leadership and adaptability, the organization demonstrates effective governance and strategic planning. Particularly noteworthy is its high program expense ratio of 92.93%, which suggests that a significant portion of its funding directly supports its mission.
The organization is well-structured, featuring an entirely independent board and no material diversion of assets, which enhances its credibility. It successfully posts its tax forms and maintains transparency by distributing them to board members before filing. However, it is important to note that the charity lacks certain policies, such as a whistleblower and document retention policy, which may indicate areas for improvement in governance practices.
Overall, the Opportunity Scholarship Fund appears to exhibit strong financial health and strategic direction, making it a reliable choice for donors interested in supporting its mission. While there are minor gaps in policy documentation, its commitment to accountability and program efficiency underscores its dedication to serving its beneficiaries effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Opportunity Scholarship Fund?
92% of 9 reviewers on Facebook recommend the Opportunity Scholarship Fund. Here is a summary of their reviews:
Many comments highlight the positive impact of the nonprofit, emphasizing that it provides valuable educational opportunities tailored to children's needs. The support and resources offered have resonated well with families, showcasing the organization's commitment to enhancing educational access.
Overall, the sentiment is overwhelmingly favorable, with supporters praising the fund for its role in helping children find the education that best suits them. This suggests a strong belief in the mission and effectiveness of the Opportunity Scholarship Fund among those who have interacted with it.
This AI summary has been generated from reviews found on Facebook.
Is Opportunity Scholarship Fund legitimate?
Opportunity Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Scholarship Fund 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.osfkids.org
What is the mission statement of Opportunity Scholarship Fund?
The Opportunity Scholarship Fund serves as a scholarship-granting organization, offering financial aid to Oklahoma pre-K to 12th grade students to attend accredited private schools within the state. Once a student receives a scholarship, they and their siblings remain eligible until high school graduation or the age of 21, whichever comes first. The fund's main objective is to provide financial assistance to lower-income Oklahoma students, offering scholarships as a benefit. Additionally, the Opportunity Scholarship Fund assists accredited private pre-K to 12 schools in building tuition scholarships, leveraging state income tax credits. In 2022, around 1,207 scholarships were awarded to Oklahoma pre-K to 12 students through participating schools.
Official website here: www.osfkids.org
Who is the CEO of Opportunity Scholarship Fund?
Sarah Guardiola is the Director of Opportunity Scholarship Fund.
Official website here: www.osfkids.org
What is the revenue of Opportunity Scholarship Fund?
Opportunity Scholarship Fund's revenue in 2022 was $5,332,646.
Official website here: www.osfkids.org
Who are the executives of Opportunity Scholarship Fund and what are their salaries?
There 11 volunteers at Opportunity Scholarship Fund.
Here are 10 key members and their salaries:
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Official website here: www.osfkids.org
Where can I find the form 990 for Opportunity Scholarship Fund?
Opportunity Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.osfkids.org
Learn more at the official website: www.osfkids.org
Mission Statement of Opportunity Scholarship Fund
The Opportunity Scholarship Fund, as a scholarship-granting organization, is committed to providing financial assistance to Oklahoma students from Pre-K to 12th grade, enabling them to attend accredited private schools within the state. Once a student receives a scholarship, they, along with their siblings, remain eligible until they graduate from high school or reach the age of 21, whichever comes first. This scholarship-granting organization aims to support both the students and their families, as well as the participating private schools, by building tuition scholarships with the advantage of state income tax credits. In 2022, around 1,207 scholarships were awarded to Oklahoma students through participating schools, demonstrating the fund's dedication to providing educational opportunities for lower-income students in the state.
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Impact
July, 2024
The Opportunity Scholarship Fund's impact is significant in providing financial assistance to lower-income Oklahoma students to attend accredited private schools. By awarding scholarships to preK-12 students, the fund not only supports families in need but also contributes to the growth and sustainability of private schools in Oklahoma. In 2022 alone, approximately 1,207 scholarships were awarded through participating schools, reflecting the tangible difference the fund is making in the lives of Oklahoma students. Additionally, by leveraging state income tax credits, the fund encourages donors to support education and invest in the future of these students.
This information is meant to be a general summary of Opportunity Scholarship Fund. 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: $22,236
- Program Service Revenue: $409,380
- Gross Receipts: $5,332,646
Assets and Liabilities:
- Total Assets: $4,689,615
- Total Liabilities: $0
- Net Assets: $4,689,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE REV
Revenue
$409,380
Organization Details
Founding Year
2014
Phone
(918) 877-2710Principal Officer
Sarah Guardiola
Main Address
7633 E 63RD PLACE, TULSA, OK, 74133
Website
www.osfkids.orgNTEE Category
Code: B82 - Education
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