Overview
What is Opportunity Labs Foundation?
The Opportunity Labs Foundation, situated in Brielle, New Jersey, is a dedicated nonprofit organization with a mission to establish and promote enduring solutions that significantly enhance prospects for children. Based on the information provided, their core objective is to foster and uphold lasting solutions that yield meaningful opportunities for children. With a modest workforce of 4 individuals, the foundation is committed to this cause. The exact nature of their activities is not specified, but their vision suggests they work towards bettering children's lives through various initiatives.
Official website here: www.opportunitylabs.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Opportunity Labs Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high standards of accountability and finance. The charity's overall score is solely based on its accountability and finance metrics, where it scored an impressive 96%. This rating highlights the organization’s strong financial health and effective management practices, ensuring that a significant portion of its resources is dedicated to its programs.
The foundation demonstrates excellent governance with a fully independent board, comprising five members. Furthermore, it has robust policies in place, including conflict of interest and whistleblower policies, which contribute to its transparency and ethical governance. Financially, the organization is in a strong position, with a low liability-to-assets ratio and a high program expense ratio of over 80%, indicating that it prioritizes its mission-driven activities.
There are no significant limitations noted in the data, as the foundation scored full points in several key accountability areas, including financial audits and the documentation of board meeting minutes. Overall, Opportunity Labs Foundation is recognized for its effective stewardship of funds and commitment to high standards of operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunity Labs Foundation legitimate?
Opportunity Labs Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Labs 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: $498,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $259,376
For more financial information, click here
Official website here: www.opportunitylabs.co
What is the mission statement of Opportunity Labs Foundation?
The Opportunity Labs Foundation is dedicated to constructing and advocating for enduring solutions that provide significant opportunities for children. Their primary objective is to enhance the lives of children by championing these solutions. The foundation's mission is to make a lasting impact on children's lives, creating opportunities that can shape their futures positively. Their activities and efforts are centered around building and promoting these opportunities, aiming to contribute positively to children's well-being and development.
Official website here: www.opportunitylabs.co
Who is the CEO of Opportunity Labs Foundation?
Andrew Buher is the Board Member of Opportunity Labs Foundation.
Official website here: www.opportunitylabs.co
What is the revenue of Opportunity Labs Foundation?
Opportunity Labs Foundation's revenue in 2022 was $1,268,753.
Official website here: www.opportunitylabs.co
Who are the executives of Opportunity Labs Foundation and what are their salaries?
The average compensation at Opportunity Labs Foundation during 2022 was $189,427. There are 4 employees at Opportunity Labs Foundation.
Here are 8 key members and their salaries:
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- Compensation: $258,750
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- Compensation: $239,583
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- Other: $0
- Compensation: $158,125
- Related: $0
- Other: $0
Official website here: www.opportunitylabs.co
Where can I find the form 990 for Opportunity Labs Foundation?
Opportunity Labs Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opportunitylabs.co
Learn more at the official website: www.opportunitylabs.co
Mission Statement of Opportunity Labs Foundation
Opportunity Labs Foundation is committed to constructing and advocating for enduring solutions that foster significant opportunities for children. Their mission is centered around building and advocating for these lasting solutions, with the ultimate goal of creating meaningful chances for the younger generation. By championing these initiatives, the foundation aims to make a lasting impact on the lives of children, enabling them to reach their full potential.
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Impact
July, 2024
Opportunity Labs Foundation's impact is centered around building and championing lasting solutions that create meaningful opportunities for children. Through its activities and initiatives, the foundation works to improve communities and provide valuable resources to support children's growth and development. Its mission is to address the needs of children and ensure they have the opportunities they need to thrive.
This information is meant to be a general summary of Opportunity Labs 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.
- Program Service Revenue: $673,753
- Gross Receipts: $1,268,753
Assets and Liabilities:
- Total Assets: $552,242
- Total Liabilities: $10,852
- Net Assets: $541,390
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Advisory revenue
Revenue
$673,753
Organization Details
Founding Year
2019
Phone
(609) 532-0546Principal Officer
Andrew Buher
Main Address
630 Park Avenue, Brielle, NJ, 08730
Website
www.opportunitylabs.coNTEE Category
Code: S30 - Community improvement
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