Overview
What is Opportunitywork Inc?
Opportunitywork Inc is a Washington, D.C.-based nonprofit organization dedicated to transforming the US labor market by recognizing and promoting the potential of individuals who acquire skills through alternative routes, often referred to as Stars. By focusing on both supply and demand, the organization aims to achieve greater economic mobility and racial equity for Stars. Opportunitywork Inc's strategy encompasses two core pillars: first, establishing Stars as a valuable pool of skilled talent for middle- and high-wage jobs by increasing awareness and championing skills-based hiring. Second, they are building a fundamental infrastructure to improve Stars' hiring outcomes and promote skills-based upward mobility through data, analytics, and technology. This infrastructure includes a one-stop shop for Stars to signal their skills to employers and a network gateway application integration layer that connects employers, talent developers, and Stars. The long-term goal is to enable at least one million working adults in America to translate their learning into earning, generating a $20 billion boost in annual earnings.
Official website here: www.opportunityatwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
Opportunitywork Inc has received a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a high score of 92%, indicating effective management of resources and transparency in operations. This rating is exclusively based on the Accountability & Finance beacon, showcasing the nonprofit’s commitment to maintaining high standards.
Strengths of Opportunitywork Inc include a fully independent board, with all 10 members meeting the criteria. The organization also has robust financial oversight, as indicated by its perfect scores in areas such as audit and the absence of material diversion of assets. Additionally, its program expense ratio of 72.20% demonstrates a substantial commitment to its mission, with the vast majority of funds directed toward programs rather than administrative costs.
The organization’s financial health is further indicated by a low liabilities to assets ratio of 6.93%, ensuring that it maintains a stable financial position. It also shows exceptional fundraising efficiency, with a reported cost of $0.00 for fundraising. Overall, Opportunitywork Inc exemplifies financial integrity and effective governance, although specific details on programmatic impact and user feedback were not provided.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunitywork Inc legitimate?
Opportunitywork Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunitywork 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: $2,820,030
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,487,113
For more financial information, click here
Official website here: www.opportunityatwork.org
What is the mission statement of Opportunitywork Inc?
Opportunitywork Inc is dedicated to expanding access to career opportunities for all Americans, enabling them to reach their full potential in the dynamic economy. The organization focuses on individuals, referred to as Stars, who gain skills through alternative routes rather than a Bachelor's degree. Opportunitywork Inc uses a data-driven strategy to create demand for Stars and catalyze vital data, analytics, and technology infrastructure to enable their hiring into middle- and high-wage jobs at scale. By establishing the Stars talent category and improving data and technology infrastructure, Opportunitywork Inc aims to accelerate the hiring of the 70 million Stars into career pathway jobs and rewire the U.S. labor market to work for all workers, regardless of their skill development paths. The organization partners with corporations, workforce partners, and the public sector to remove up-front cost barriers and reduce the risk of investing in training.
Official website here: www.opportunityatwork.org
Who is the CEO of Opportunitywork Inc?
Byron G Auguste is the Board Director, Ceo And Co-Founder of Opportunitywork Inc. The CEO's salary of Opportunitywork Inc is $306,849 and their total compensation is $346,708.
Official website here: www.opportunityatwork.org
What is the revenue of Opportunitywork Inc?
Opportunitywork Inc's revenue in 2022 was $27,769,940.
Official website here: www.opportunityatwork.org
Who are the executives of Opportunitywork Inc and what are their salaries?
The average compensation at Opportunitywork Inc during 2022 was $94,561. There are 109 employees and 80 volunteers at Opportunitywork Inc.
Here are 20 key members and their salaries (Opportunitywork Inc's CEO's salary is $306,849 and their total compensation is $346,708):
- Compensation: $306,849
- Related: $0
- Other: $39,859
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $207,824
- Related: $0
- Other: $26,490
- Compensation: $176,375
- Related: $0
- Other: $27,585
- Compensation: $302,624
- Related: $0
- Other: $35,536
- Compensation: $249,204
- Related: $0
- Other: $27,132
- Compensation: $255,116
- Related: $0
- Other: $27,462
- Compensation: $228,078
- Related: $0
- Other: $35,506
- Compensation: $209,672
- Related: $0
- Other: $27,043
- Compensation: $197,500
- Related: $0
- Other: $36,892
- Compensation: $190,272
- Related: $0
- Other: $16,319
- Compensation: $181,437
- Related: $0
- Other: $15,257
- Compensation: $171,806
- Related: $0
- Other: $23,941
- Compensation: $176,648
- Related: $0
- Other: $10,853
- Compensation: $173,347
- Related: $0
- Other: $18,341
- Compensation: $159,081
- Related: $0
- Other: $14,887
- Compensation: $161,378
- Related: $0
- Other: $23,001
Official website here: www.opportunityatwork.org
Where can I find the form 990 for Opportunitywork Inc?
Opportunitywork Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opportunityatwork.org
Learn more at the official website: www.opportunityatwork.org
Mission Statement of Opportunitywork Inc
Opportunitywork Inc, a mission-driven organization, is dedicated to expanding access to career opportunities for all Americans, enabling them to work, learn, and earn to their full potential in today's dynamic economy. The vision of Opportunitywork goes beyond the conventional Bachelor's degree-focused paths, instead advocating for individuals who have gained their skills through alternatives routes, known as Skills Training and Alternative Routes to Skills (STARS).
The organization's primary strategy focuses on two interconnected pillars. First, it aims to create the STARS talent category by generating demand for this skilled labor pool. Opportunitywork does this by raising awareness of STARS as skilled workers, championing skills-based hiring, and enlisting employers, public sectors, and workforce partners to take action through its National TEAR the Paper Ceiling Coalition. This coalition includes over 50 corporate and workforce partners, all rooted in Opportunitywork's STARS insights and research community as well as its Stars Policy Project.
Second, Opportunitywork is catalyzing vital data, analytics, and technology infrastructure for STARS hiring into middle- and high-wage jobs at scale. STARS often face challenges when showcasing their skills to employers due to traditional hiring methods and tools. Opportunitywork is addressing this issue by building a comprehensive infrastructure for inclusion. This includes creating a "one-stop shop" for STARS to signal their skills credibly, as well as a Network Gateway Application Integration (API) layer to connect employers, talent developers, and STARS, matching supply and demand of overlooked talent based on their skills and good jobs in the industry. Opportunitywork's Stars Mobility Data Model powers tools for employers to include STARS in their workforce strategies and talent sourcing activities effectively.
In the coming decade, Opportunitywork aims to enable at least 1 million working adults in America to translate their learning into earning, generating a $20 billion boost in annual earnings. By creating the STARS talent category and catalyzing vital data and technology infrastructure, Opportunitywork is accelerating the hiring of the 70M+ workers who are STARS into career pathway middle-wage jobs, rewiring the U.S. labor market so it works for all workers, regardless of how they have developed their skills.
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Impact
October, 2024
Opportunitywork Inc significantly impacts the U.S. labor market by fostering economic mobility and racial equity for individuals skilled through alternative routes—known as STARS. By redefining talent acquisition processes, Opportunitywork empowers these skilled individuals to achieve their full potential in the workplace.
The organization champions skills-based hiring practices, enabling employers to recognize STARS as a crucial talent pool for middle- and high-wage jobs. Through initiatives like the National Tear the Paper Ceiling Coalition, Opportunitywork collaborates with over 50 corporate and workforce partners to promote awareness of STARS and encourage inclusive hiring practices.
Opportunitywork also addresses systemic barriers in hiring by developing vital data and technology infrastructures. Their innovative tools, like the StellarSight STARS Strategy Dashboard, help employers effectively integrate STARS into their workforce strategies, thereby enhancing hiring outcomes and fostering upward mobility.
With a goal of enabling at least 1 million working adults to translate their learning into earnings over the next decade, Opportunitywork aims to generate a $20 billion boost in annual earnings. By catalyzing the demand for STARS and creating pathways to middle-wage jobs, Opportunitywork is actively working to reshape a labor market that inclusively serves all workers, regardless of their educational background. Through piloting new financing models, they are also helping to dismantle upfront cost barriers for those seeking training to advance their careers.
This information is meant to be a general summary of Opportunitywork 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: $43,626
- Gross Receipts: $27,769,940
Assets and Liabilities:
- Total Assets: $18,592,140
- Total Liabilities: $2,226,646
- Net Assets: $16,365,494
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Organization Details
Founding Year
2016
Phone
(202) 847-4470Principal Officer
Byron G Auguste
Main Address
1100 CONNECTICUT AVENUE NW 430, WASHINGTON, DC, 20036
Website
www.opportunityatwork.orgNTEE Category
Code: J20 - Employment
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