2024-10-22T10:19:04-05:00 2022-07-31 751386677 BROWN GRAHAM & COMPANY PC PO BOX 20210 AMARILLO TX 791142210 990 2021-08-01 756020405 THE OPPORTUNITY PLAN INC OPPO 8066552528 PO BOX 1035 CANYON TX 790151035 TIM BYNUM EXECUTIVE DIRECTOR 8066552528 2024-06-05 1 DAVID W MOONEY CPA P00543821 8063558241 2024-06-03 2021 2024-10-15 13:58:12Z X TIM BYNUM PO BOX 1035 CANYON TX 790151035 11031837 0 X WWW.OPPORTUNITYPLAN.COM X 1954 TX PROVIDE LOANS AND SCHOLARSHIPS TO COLLEGE STUDENTS 25 25 0 0 0 0 725203 1047872 17903 43551 784924 -2997575 47047 6457 1575077 -1899695 1182766 1303704 0 0 374022 457131 0 0 0 273579 314145 1830367 2074980 -255290 -3974675 34328715 30351406 55986 53353 34272729 30298053 TO ASSIST STUDENTS IN ACHIEVING THEIR EDUCATIONAL GOALS BY PROVIDING LOANS AND SCHOLARSHIPS FOR COLLEGE EDUCATIONS. 0 0 1486774 1303704 -2947567 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. 1486774 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 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 X 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 LYNN 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 WAYNE PIERSON MEMBER 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 CATHRYN WRIGHT PRESIDENT 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 0 0 0 0 0 1047872 1047872 STUDENT LOAN INTEREST I 900099 43551 43551 43551 506937 506937 9427020 12931532 -3504512 -3504512 -3504512 INSURANCE PROCEEDS 900099 5727 5727 MISCELLANEOUS 900099 730 730 6457 -1899695 -2947567 0 0 25000 25000 1278704 1278704 324773 129909 194864 46896 18758 28138 60631 24252 36379 24831 9932 14899 66420 66420 141479 141479 4528 4528 4655 4655 19748 19748 17853 17853 16560 16560 17116 219 16897 LOAN SERVICING EXPENSE 8918 8918 REPAIRS AND MAINTENANCE 6135 6135 MISCELLANEOUS 6005 6005 EQUIPMENT LEASE 3265 3265 1463 1463 2074980 1486774 588206 0 726265 749136 807947 756688 1857525 1786141 5807 5628 561918 297603 52383 264315 30821167 26773152 57621 16346 34328715 30351406 55986 53353 55986 53353 X 11924980 6737502 22347749 23560551 34272729 30298053 34328715 30351406 X -3974675 -1 X 0 0 0 X 1336481 760556 885032 677379 1047872 4707320 1336481 760556 885032 677379 1047872 4707320 992491 3714829 369385 474109 405925 443888 506757 2200064 6907384 223864 0.53780 0.50630 X 7500 7500 433841 210159 223682 120577 87444 33133 264315 SEE ATTACHED SCHEDULE 26763152 F OIL & GAS ROYALTY PROPERTY 10000 C 26773152 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. PART XII, LINE 2D - OTHER ADJUSTMENTS: SALARY EXPENSE ASSOCIATED WITH ERC CREDIT 1 TEXAS TECH FOUNDATION BOX 45025 LUBBOCK TX 79409 25000 0 RESIDENT STIPEND DOCTOR OF OSTEOPATHIC MEDICINE 1 SCHOLARSHIPS TO STUDENTS PURSUING COLLEGE EDUCATIONS. APPROXIMATELY 984 STUDENTS WITH AVERAGE GRANTS OF LESS THAN $1202 EACH. 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. FORM 990, PART XI, LINE 9: ROUNDING -1. 2021 FORM 990 DUE TO NOT HAVING COMPLETE AND ACCUATE DATA, THE ORGANZANZATION AMENDED THE ORIGINALLY FILED FORM 990 AS FOLLOWS: FORM 990 PART 1, LINE 12, TOTAL REVENUE TOTAL REVENUE INCREASED DUE TO THE RECALCULATION OF REALIZED GAIN ON INVESTMENTS, ADDITIONAL CONTRIBUTIONS RECEVIED, INTEREST INCOME, AND THE RECLASSIFICATION OF INSURANCE PROCEEDS. FORM 990 PART 1, LINE 18, TOTAL EXPENSES TOTAL EXPENSES DECREASED DUE TO THE RECLASSIFICATION OF REPAIRS MAINTENANCE AS FIXED ASSETS. FORM 990 PART IX, LINE 25 THE ALLOCATION OF FUNCATIONAL EXPENSES BETWEEN PROGRAM AND MANAGEMENT CHANGED. TOTAL PROGRAM EXPENSES DECREASED WHILE TOTAL MANAGEMENT EXPENSES INCREASED. THE CHANGE IS DUE TO HAVING ACCURATE PAYROLL DATA. FORM 990 PART X, LINE 16, TOTAL ASSETS TOTAL ASSETS INCREASED TO DUE AN ADJUSTMENT TO THE LOAN RECEIVABLE, PREAID EXPENSES, LAND, BUILDINGS, AND EQUIPMENT. FORM 990 PART X, LINE 26, TOTAL LIABILITIES TOTAL LIABILITIES DECREASED DUE TO THE RECLASSIFICATION OF ACCRUAL ITEMS. FORM 990 PART XI, LINE 5 THERE WAS AN INCREASE IN THE NET UNREALIZED (LOSS) ON INVESTMENTS. THIS CHANGE OCCURED DUE TO A CHANGE IN THE METHOD OF PRESENTING THE UNREALIZED GAIN (LOSS) AND, THEREFORE, CALCULTING THE GAIN(LOSS). FOR 990 SCHEDULE A, PART II, SECTION B, LINE 11, TOTAL SUPPORT TOTAL SUPPORT INCREASED DUE TO THE INCREASE IN GRANTS, INVESTMENT INCOME AND CONTRIBUTION INCOME. FORM 990 SCHEDULE A, IDENTIFICATION OF EXCESS CONTRIBTIONS EXCESS CONTRIBUTION AMOUNT CHANGED FOR ELAINE SMITH, RITA BLANCA ELECTRIC COOPRERATIVE INC, AND AMARILLO AREA FOUNDATION. FORM 990 SCHEDULE D, PART IV, LINE 1B COLUMN A AND COLUMN C TOTAL AMOUNT OF BUILDINGS INCREASED DUE TO THE RECLASSIFICATION OF REPAIRS AND MAINTENANCE TO BUILDINGS. ACCUMULATED DEPRECATION ALSO INCREASED, SINCE THERE WERE ADDITIONAL ASSETS PLACED IN SERVICE THERE WAS ADDITIONAL DEPRECIATION TO BE TAKEN. FORM 990 SCHEDULE D, PART VI, LIEN 1D, COLUMN A AND COLUMN C THE EQUIPMENT ACCOUNT DECREASED DUE TO THE REMOVAL OF OLD OFFICE EQUIPMENT. THE REMOVAL OF THE OLD OFFICE EQUIPMENT ALSO CAUSED A CHANGE IN THE ACCUMULATED DEPRECIATION ACCOUNT. FORM 990 SCHEDULE I, PART II THE ADDITION OF SCHEDULE I OCCURED AS THE ORIGINAL 990 DID NOT INCLUDE THE CASH GRANT MADE TO TEXAS TECH FOUNDATION.