2024-10-22T10:18:47-05:00 2023-07-31 751386677 BROWN GRAHAM & COMPANY PC PO BOX 20210 AMARILLO TX 791142210 990 2022-08-01 756020405 THE OPPORTUNITY PLAN INC OPPO 8066552528 PO BOX 1035 CANYON TX 790151035 TIM BYNUM EXECUTIVE DIRECTOR 8066552528 2024-06-05 1 0 DAVID W MOONEY CPA P00543821 8063558241 2024-06-03 2022 2024-10-15 13:58:12Z TIM BYNUM PO BOX 1035 CANYON TX 790151035 6721123 0 X WWW.OPPORTUNITYPLAN.COM X 1954 TX PROVIDE LOANS AND SCHOLARSHIPS TO COLLEGE STUDENTS 24 24 5 0 0 0 1047872 1158789 43551 49262 1120734 1661102 6457 0 2218614 2869153 1303704 1193587 0 0 457131 394612 0 0 0 314145 374188 2074980 1962387 143634 906766 30351406 31228504 53353 3487 30298053 31225017 TO ASSIST STUDENTS IN ACHIEVING THEIR EDUCATIONAL GOALS BY PROVIDING LOANS AND SCHOLARSHIPS FOR COLLEGE EDUCATIONS. 0 0 1362326 1193587 1710364 OPI PROVIDES STUDENT LOANS AND SCHOLARSHIPS TO COLLEGE STUDENTS PRIMARILY FROM THE TEXAS PANHANDLE. THIS INVOLVES REVIEWING APPLICATIONS AND MEETING WITH STUDENTS. OVER 400 STUDENTS ARE ASSISTED EACH YEAR. 1362326 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 5 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 TX X TIM BYNUM EXECUTIVE DIRECTOR 8066552528 504 24TH STREET CANYON TX 79015 KEITH BROWN DIRECTOR 1.00 X 0 0 0 CAROLYN BAXTER DIRECTOR 1.00 X 0 0 0 MARTHA CAMPBELL DIRECTOR 1.00 X 0 0 0 DEBBIE COLLIER DIRECTOR 1.00 X 0 0 0 JJ GOMEZ DIRECTOR 1.00 X 0 0 0 DR BROCK LOVETT DIRECTOR 1.00 X 0 0 0 MEG O'BRIEN MEMBER 1.00 X 0 0 0 KYLE SINGLETON MEMBER 1.00 X 0 0 0 DR BOB ROBINSON MEMBER 1.00 X 0 0 0 WILEY HARP DIRECTOR 1.00 X 0 0 0 JERRY SCHAEFFER MEMBER 1.00 X 0 0 0 DONNA WARRICK MEMBER 1.00 X 0 0 0 DR CHRIS BRADY DIRECTOR 1.00 X 0 0 0 STACEY KELLY DIRECTOR 1.00 X 0 0 0 SUSAN TRIPPLEHORN MEMBER 1.00 X 0 0 0 CURRIE SMITH DIRECTOR 1.00 X 0 0 0 JANYTH BOWERS DIRECTOR 1.00 X 0 0 0 DR PATRICK HANFORD DIRECTOR 1.00 X 0 0 0 MATT MARRS DIRECTOR 1.00 X 0 0 0 LESLIE HORTON DIRECTOR 1.00 X 0 0 0 WES YOUNG DIRECTOR 1.00 X 0 0 0 DR LARRY JOHNSON VICE-PRESIDENT 1.00 X 0 0 0 LYNDA TINSLEY SEC/TREAS 1.00 X 0 0 0 0 0 0 1 0 0 0 0 1158789 1158789 STUDENT LOAN INTEREST I 900099 49262 49262 49262 606256 606256 4906816 3851970 1054846 1054846 1054846 2869153 1710364 0 0 25000 25000 1168587 1168587 300659 120264 180395 47981 19192 28789 20701 8280 12421 25271 10108 15163 70622 70622 165114 165114 11943 11943 4400 4400 17308 17308 17427 17427 20645 20645 36966 8280 28686 LOAN SERVICING EXPENSE 9706 9706 REPAIRS AND MAINTENANCE 7234 7234 MISCELLANEOUS 6745 6745 EQUIPMENT LEASE 3181 3181 2897 2615 282 1962387 1362326 600061 0 749136 820887 756688 741526 1786141 2102840 5628 6329 576074 318254 264315 257820 26773152 27277876 16346 21226 30351406 31228504 53353 3487 53353 3487 X 6737502 6722722 23560551 24502295 30298053 31225017 30351406 31228504 906766 20198 0 X 0 0 0 X 760556 885032 677379 1047872 1158789 4529628 760556 885032 677379 1047872 1158789 4529628 398044 4131584 474109 405925 443888 506757 606256 2436935 6966563 205723 0.59310 0.53780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7500 7500 447997 225318 222679 120577 92936 27641 257820 SEE ATTACHED SCHEDULE 27267876 F OIL & GAS ROYALTY PROPERTY 10000 C 27277876 X PART X, LINE 2: OPI IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, NO PROVISION FOR CURRENT OR DEFERRED INCOME TAX LIABILITY IS RECOGNIZED IN INCOME TAXES, REQUIRES EXTENSIVE DISCLOSURES ABOUT UNCERTAIN INCOME TAX POSITIONS. THIS STANDARD SEEKS TO REDUCE THE DIVERSITY IN PRACTICE ASSOCIATED WITH CERTAIN ASPECTS OF THE RECOGNITION AND MEASUREMENT RELATED TO ACCOUNTING FOR INCOME TAXES. OPI EVALUATES ANY UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF ASC 450, CONTINGENCIES. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. OPI DOES NOT BELIEVE THAT IT HAS ENGAGED IN ANY ACTIVITY THAT WOULD RESULT IN AN UNCERTAIN TAX POSITION. AS A RESULT, MANAGEMENT DOES NOT BELIEVE THAT ANY UNCERTAIN TAX POSITIONS CURRENTLY EXIST AND NO LOSS CONTINGENCY HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FEDERAL INCOME TAX STATUTES DICTATE THAT TAX RETURNS FILED IN ANY OF THE PREVIOUS THREE REPORTING PERIODS REMAIN OPEN TO EXAMINATION. CURRENTLY, OPI HAS NO OPEN EXAMINATIONS WITH THE INTERNAL REVENUE SERVICE. OPI'S POLICY IS TO RECORD ANY INCOME TAX RELATED PENALTIES AND INTEREST INCURRED AS OPERATING EXPENSE. THERE WERE NO INCOME TAX RELATED PENALTIES OR INTEREST INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 1 TEXAS TECH FOUNDATION BOX 45025 LUBBOCK TX 79409 25000 0 RESIDENT STIPEND DOCTOR OF OSTEOPATHIC MEDICINE SCHOLARSHIPS TO STUDENTS PURSUING COLLEGE EDUCATIONS. APPROXIMATELY 984 STUDENTS WITH AVERAGE GRANTS OF LESS THAN $1202 EACH. 1168587 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE TAX RETURN IS PROVIDED TO THE EXECUTIVE COMMITTEE AND PRESIDENT PRIOR TO FILING. THE PREPARER GOES OVER THE RETURN AND ANSWERS ANY QUESTIONS THAT ARISE. THE RETURN IS THEN FILED. FORM 990, PART VI, SECTION C, LINE 19 OPI'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY THE PUBLIC.