Overview
What is The Opportunity Plan Inc?
The Opportunity Plan Inc, based in Canyon, Texas, is a dedicated nonprofit organization that primarily supports college students from the Texas Panhandle. Their mission is to aid students in achieving their educational goals by offering loans and scholarships. Through a thorough application review process and meetings with students, they assist over 400 individuals annually, ensuring that financial constraints do not hinder their academic pursuits.
Official website here: www.opportunityplan.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
The Opportunity Plan Inc holds a solid Three-Star rating from Charity Navigator, indicating a generally favorable evaluation of its operations. The overall score reflects strengths in Impact & Measurement, where it achieved a perfect score of 100, underscoring the effectiveness of its programs. The nonprofit has demonstrated a strong ability to increase income for scholarship recipients, achieving an impressive result of more than $1.50 for every dollar spent.
However, there are areas for improvement, particularly in the Accountability & Finance category, where the organization scored 69%. This suggests that while the nonprofit is effective in its mission, there may be aspects of financial transparency or operational efficiency that could benefit from further development. The mixed scores highlight the importance of continued growth in financial practices to complement its strong impact metrics.
Overall, The Opportunity Plan Inc showcases a significant commitment to its mission through effective measurement of outcomes, while also facing challenges that, if addressed, could enhance its overall effectiveness and sustainability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Opportunity Plan Inc?
The Opportunity Plan Inc is receiving positive impressions from those who have engaged with its services. One reviewer highlights the organization's role in providing interest-free student loans and merit-based scholarships, emphasizing a highly satisfactory experience. They express gratitude for the support received, indicating that the organization has made a significant impact on their educational journey.
Overall, it appears that The Opportunity Plan Inc successfully fulfills its mission to assist students financially, creating opportunities that may not be available through other means. Users appreciate the genuine support and the positive outcomes associated with their programs, suggesting that the nonprofit is doing important work in the community.
This AI summary has been generated from reviews found on Facebook.
Is The Opportunity Plan Inc legitimate?
The Opportunity Plan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Opportunity Plan 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: $111,901
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,219
For more financial information, click here
Official website here: www.opportunityplan.com
What is the mission statement of The Opportunity Plan Inc?
The Opportunity Plan Inc's mission is centered around helping students achieve their educational goals. They accomplish this by providing loans and scholarships specifically for college education. This organization's mission is to assist students in overcoming financial barriers to higher education, enabling them to pursue their academic aspirations. By reviewing applications and meeting with students, they manage to support over 400 students annually, ensuring that a substantial number of individuals have the opportunity to further their education.
Official website here: www.opportunityplan.com
What is the revenue of The Opportunity Plan Inc?
The Opportunity Plan Inc's revenue in 2024 was $2,223,879.
Official website here: www.opportunityplan.com
Who are the executives of The Opportunity Plan Inc and what are their salaries?
The average compensation at The Opportunity Plan Inc during 2024 was $66,824. There are 5 employees at The Opportunity Plan Inc.
Here are 26 key members and their salaries:
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Official website here: www.opportunityplan.com
Where can I find the form 990 for The Opportunity Plan Inc?
The Opportunity Plan Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.opportunityplan.com
Learn more at the official website: www.opportunityplan.com
Mission Statement of The Opportunity Plan Inc
The Opportunity Plan Inc, a nonprofit organization, is committed to assisting students in achieving their educational goals. They accomplish this mission by providing loans and scholarships for college education. This philanthropic endeavor enables numerous students, primarily from the Texas Panhandle, to pursue their higher education dreams. The process involves reviewing applications and engaging in discussions with the students themselves. The organization assists over 400 students annually, providing them with the financial support they need to further their education.
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Impact
July, 2024
The Opportunity Plan Inc's impact can be seen in the lives of over 400 college students each year who are able to pursue their educational goals with the help of loans and scholarships provided by the organization. By offering financial assistance and support, The Opportunity Plan Inc is helping students from the Texas Panhandle region achieve their dreams of higher education, ultimately empowering them to build a brighter future for themselves and their communities.
This information is meant to be a general summary of The Opportunity Plan 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 2024.
- Investment Income: $786,781
- Program Service Revenue: $63,806
- Gross Receipts: $10,087,529
Assets and Liabilities:
- Total Assets: $30,135,499
- Total Liabilities: $55,687
- Net Assets: $30,079,812
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN INTEREST I
Revenue
$63,806
Organization Details
Founding Year
1954
Principal Officer
Tim Bynum
Website
www.opportunityplan.comNTEE Category
Code: B82 - Education
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