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Opportunity Machine Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 814268122 ✦ Lafayette, LA ✦ Designated as a 501(c)(6)

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Overview

What is Opportunity Machine Inc?

Opportunity Machine Inc, located in Lafayette, Louisiana, is a nonprofit organization dedicated to nurturing entrepreneurial talent. They achieve this mission by offering high-quality, affordable entrepreneurial training, connecting members with mentors for guidance, providing a platform for members to connect with complementary skillsets, and offering a budget-friendly professional workspace. The organization's primary goal is to identify, develop, and retain entrepreneurial talent through its training, mentorship, and infrastructure support programs.


Official website here: www.opportunitymachine.org/

Is Opportunity Machine Inc legitimate?

Opportunity Machine Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Opportunity Machine 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.opportunitymachine.org/

What is the mission statement of Opportunity Machine Inc?

Opportunity Machine Inc's mission is centered around identifying, developing, and retaining entrepreneurial talent. They accomplish this by offering training, mentorship, and providing essential infrastructure support to their members. The organization achieves this mission through various means. Firstly, they offer high-quality entrepreneurial training at an affordable cost for members. Secondly, they connect members with a network of dedicated mentors, providing guidance and support. Thirdly, they facilitate opportunities for members to connect with individuals who possess complementary skills. Lastly, they provide a low-cost professional work environment, fostering an environment conducive to entrepreneurial growth.


Official website here: www.opportunitymachine.org/

Who is the CEO of Opportunity Machine Inc?

Tom Cox is the Member of Opportunity Machine Inc.


Official website here: www.opportunitymachine.org/

What is the revenue of Opportunity Machine Inc?

Opportunity Machine Inc's revenue in 2022 was $372,265.


Official website here: www.opportunitymachine.org/

Who are the executives of Opportunity Machine Inc and what are their salaries?

There 8 volunteers at Opportunity Machine Inc.


Here are 8 key members and their salaries:


Josh Bendickson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dacoda Bartels (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Cox (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Delcambre (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heidi Melancon (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Miller (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mandi Mitchell (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ajay Patel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.opportunitymachine.org/

Where can I find the form 990 for Opportunity Machine Inc?

Opportunity Machine Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.opportunitymachine.org/

Learn more at the official website: www.opportunitymachine.org/

Mission Statement of Opportunity Machine Inc

Opportunity Machine Inc, a nonprofit organization, is dedicated to identifying, developing, and retaining entrepreneurial talent. They achieve this mission by providing high-quality entrepreneurial training at an affordable cost, connecting members with a community of mentors for guidance and support, offering an opportunity to connect with individuals who can provide complementary skills, and providing a low-cost professional work environment. The organization's goal is to equip its members with the necessary tools and resources to thrive as entrepreneurs, fostering a nurturing environment that encourages growth and success.

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Impact




October, 2024

Opportunity Machine Inc significantly impacts the entrepreneurial landscape by identifying, developing, and retaining entrepreneurial talent in Lafayette, LA. Through high-quality training programs offered at a substantially discounted membership cost, it equips members with essential skills and knowledge to navigate the challenges of starting and running a business.

Additionally, the organization fosters a supportive community by connecting members with dedicated mentors who provide guidance and encouragement. This mentorship plays a crucial role in helping entrepreneurs refine their ideas and strategies. Opportunity Machine also facilitates networking opportunities, enabling members to connect with individuals possessing complementary skills, thereby enhancing collaboration and innovation.

Furthermore, the provision of a low-cost professional work environment allows entrepreneurs to focus on their business ventures without the financial burden of expensive office spaces. This holistic approach not only cultivates individual talent but also contributes to overall community improvement by nurturing successful businesses that can stimulate economic growth in the region.




This information is meant to be a general summary of Opportunity Machine 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.

Revenue
$372,265 (2022)
Expenses
$295,249 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,357
  • Gross Receipts: $372,265

Assets and Liabilities:

  • Total Assets: $354,299
  • Total Liabilities: $4,808
  • Net Assets: $349,491

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Organization Details

Founding Year

2016

Principal Officer

Tom Cox

Main Address

211 EAST DEVALCOURT STREET, LAFAYETTE, LA, 70506

NTEE Category

Code: S41 - Community improvement

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