Overview
What is Opportunity Rising Foundation?
The Opportunity Rising Foundation, located in Dallas, Texas, is a philanthropic organization that collaborates with the Dallas Housing Authority. Their primary mission is to support low-income housing residents by offering scholarships and additional assistance. This aid enables these students to pursue higher education, whether it's college, trade school, or junior college. The foundation's initiatives aim to break down financial barriers and provide equal opportunities for academic growth.
Official website here: www.opportunityrisingfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Opportunity Rising Foundation has received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored poorly in several critical areas, including the independence of its board members, which currently has no independent members, and the absence of essential policies such as a conflict of interest and whistleblower policy. These shortcomings raise questions about governance and transparency within the organization.
Despite these challenges, the foundation demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 92.17%. This suggests that the majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, the organization has reported no material diversion of assets, which is a positive indicator of financial integrity.
However, the lack of essential governance documents and policies is a notable limitation that potential donors and stakeholders should consider. The absence of a tax form on its website and missing policies for document retention further reflect a need for improvement in transparency and accountability practices, which are vital for building trust with supporters and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunity Rising Foundation legitimate?
Opportunity Rising Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Rising Foundation 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.opportunityrisingfoundation.org
What is the mission statement of Opportunity Rising Foundation?
The Opportunity Rising Foundation supports low-income students by providing scholarships and other assistance. This allows these students to pursue higher education at colleges, trade schools, or junior colleges. In alignment with the Dallas Housing Authority, the foundation's mission is to empower these students, thereby enhancing their opportunities and potential for a better future. The foundation's activities are geared towards breaking the cycle of poverty and providing educational opportunities to those who may otherwise be unable to afford them.
Official website here: www.opportunityrisingfoundation.org
Who is the CEO of Opportunity Rising Foundation?
Chetana Chaphekar is the Secretary/Treasurer of Opportunity Rising Foundation.
Official website here: www.opportunityrisingfoundation.org
What is the revenue of Opportunity Rising Foundation?
Opportunity Rising Foundation's revenue in 2022 was $63,602.
Official website here: www.opportunityrisingfoundation.org
Who are the executives of Opportunity Rising Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $309,651
- Other: $28,531
- Compensation: $0
- Related: $168,834
- Other: $24,111
- Compensation: $0
- Related: $238,207
- Other: $30,103
Official website here: www.opportunityrisingfoundation.org
Where can I find the form 990 for Opportunity Rising Foundation?
Opportunity Rising Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opportunityrisingfoundation.org
Learn more at the official website: www.opportunityrisingfoundation.org
Mission Statement of Opportunity Rising Foundation
Opportunity Rising Foundation, an organization dedicated to its mission, offers scholarships and additional aid to students residing in low-income housing. This philanthropic entity, in partnership with the Dallas Housing Authority, seeks to empower these students by providing the financial means to attend either college, trade school, or junior college. By offering these scholarships and additional assistance, Opportunity Rising Foundation enables these students to pursue higher education and thereby, improve their future prospects. The foundation's mission is instrumental in bridging the educational gap for individuals from low-income backgrounds, thereby fostering social mobility and equality of opportunity.
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Impact
October, 2024
Opportunity Rising Foundation significantly impacts the educational landscape for low-income residents in Dallas, Texas, by providing scholarships and support to students facing financial barriers. By collaborating with the Dallas Housing Authority, the foundation helps pave the way for these students to pursue higher education, whether it be college, trade school, or junior college. This financial assistance not only alleviates the burden of tuition costs but also fosters a supportive environment that encourages academic achievement and personal growth. Through its dedicated efforts, Opportunity Rising Foundation contributes to breaking the cycle of poverty, empowering students to achieve their educational goals and ultimately transform their futures.
This information is meant to be a general summary of Opportunity Rising Foundation. 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: $8,517
- Gross Receipts: $63,602
Assets and Liabilities:
- Total Assets: $1,358,418
- Total Liabilities: $23,266
- Net Assets: $1,335,152
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Organization Details
Founding Year
1993
Phone
(214) 951-8428Principal Officer
Chetana Chaphekar
Main Address
3939 N HAMPTON RD, DALLAS, TX, 75212
NTEE Category
Code: B82 - Education
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