2024-05-15T17:36:45-05:00 2023-12-31 860985325 LOHMAN COMPANY PLLC 1630 S STAPLEY DR SUITE 108 MESA AZ 85204 990 2023-01-01 203779020 OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION OPPO 4803329636 14401 S 24TH WAY PHOENIX AZ 85048 JOAN KOERBER-WALKER CHAIRMAN OF THE BOARD 4804034614 2024-05-15 1 JOAN KOERBER-WALKER 999009999 1 DENNIS M HARE P01241957 4803551100 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JOAN KOERBER-WALKER 14401 S 24TH WAY PHOENIX AZ 85048 66011 0 X WWW.OTEF.ORG X 2005 AZ THE OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION (OTEF) EDUCATES AND INVESTS IN PEOPLE AND ORGANIZATIONS THAT CREATE HOPE. 3 3 3 27 0 0 200480 65996 0 0 14 -1066 0 0 200494 64930 0 0 0 0 0 16866 60000 0 0 32161 14597 92161 31463 108333 33467 190879 224346 0 0 190879 224346 X THE OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION (OTEF) EDUCATES AND INVESTS IN PEOPLE AND ORGANIZATIONS THAT CREATE HOPE. OUR PROGRAMS INCLUDE EDUCATION FOR SMALL BUSINESSES AND ASPIRING ENTREPRENEURS, PROGRAMS TO SUPPORT STUDENTS IN EXPLORING FUTURE CAREERS, AND OUR AZADVANCES INITIATIVE WHICH SUPPORTS THE CREATION AND COMMERCIALIZATION OF ARIZONA-BASED HEALTH INNOVATIONS. 0 0 25022 VOLUNTEERS FROM THE ARIZONA BIOINDUSTRY ASSOCIATION PROVIDED 1:1 MENTORING SESSIONS TO SMALL BUSINESS OWNERS AND ASPIRING ENTREPRENEURS. OUR STUDENT DISCOVERY ZONE PROGRAM (PART OF OUR AZADVANCES TALENT PROGRAM) PROVIDED HIGH SCHOOL AND UNIVERSITY STUDENTS THE OPPORTUNITY TO CONNECT WITH INDUSTRY LEADERS AND SHOWCASE THEIR RESEARCH PROJECTS. AS PART OF THIS PROGRAM, MERIT-BASED SCHOLARSHIP PRIZES WERE COMPETITIVELY AWARDED. THREE UNIVERSITY STUDENTS WERE EMPLOYED AS PART TIME STUDENT INTERNS IN 2023 FOR 3 TO 4 MONTHS EACH. THE AZADVANCES CAPITAL PROGRAM MADE THREE INVESTMENTS INTO EARLY STAGE LIFE SCIENCE COMPANIES. THESE EQUITIES WILL BE HELD BY OTEF AND THE FUTURE INVESTMENT PROCEEDS REMAIN WITH OTEF. ON DEC 29, 2022, THE ARIZONA STATE BOARD OF INVESTMENT APPROVED A CONTRACT WITH THE ARIZONA STATE TREASURER'S OFFICE (ASTO)FOR OTEF TO RECEIVE ONGOING DISTRIBUTIONS FROM THE ARIZONA HEALTH INNOVATION TRUST FUND TO SUPPORT ITS CHARITABLE PURPOSE AND TO PERFORM SPECIFIED SERVICES AS SET FORTH IN A.R.S. 41-177. THE FIRST DISTRIBUTIONS FROM ASTO WILL BEGIN IN 2027. NO MONETARY SUPPORT WAS PROVIDED FROM STATE OR FEDERAL SOURCES IN 2023. 25022 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION (OTEF) 4803329636 14401 S 24TH WAY PHOENIX AZ 85048 X JOAN KOERBER-WALKER MBA CHAIRMAN OF THE BOARD 10.00 X X 0 0 0 ROBERT DUNAWAY JD SECRETARY 0.50 X 0 0 0 ED NUSBAUM DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 65996 500 65996 15 15 1081 -1081 -1081 -1081 64930 0 0 -1066 15734 15734 1132 1132 3106 3106 2327 2327 15 15 983 983 5000 5000 MISC PROGRAM EXPENSES 3156 3156 LICENSES AND PERMITS 10 10 31463 25022 6441 0 8684 6284 171145 143062 5000 0 50000 5000 0 25000 1050 0 190879 224346 0 0 X 0 0 0 0 190879 224346 190879 224346 190879 224346 33467 0 X 0 0 0 X 200480 65996 266476 200480 65996 266476 94689 171787 14 15 29 266505 0.64460 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN SMALL BUSINESS 25000 C 25000 FORM 990, PART VI, SECTION A, LINE 4 THE MISSION STATEMENT WAS CHANGED AND ENHANCED TO ADD ADDITIONAL AREAS OF DEVELOPMENT WITHIN THE ORGANIZATION'S ORIGINAL PURPOSE. THE MISSION PURPOSE ADDED EDUCATIONAL AND OPERATING PROGRAMS DESIGNED TO ENCOURAGE STUDENTS TO EXPLORE CAREERS IN THE AREAS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM CAREERS) AND TO DEVELOP AND OPERATE PROGRAMS DESIGNED TO MOVE HEALTH ORIENTED SCIENTIFIC DISCOVERIES FROM CONCEPT TO COMMERCIALIZATION THROUGH MENTORING AND SUPPORT TO PROMOTE ADVANCEMENTS IN HEALTH AND STIMULATE ECONOMIC DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES EXIST TO ACT ON THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN WAS REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A FORMAL POLICY TO MONITOR AND ENFORCE THE CONFLICT OF INTEREST USING ANNUAL DISCLOSURE AND SELF IDENTIFICATION WITH REVIEW BY CHAIRMAN OF ANY POSSIBLE CONFLICTING BUSINESS TRANSACTIONS THROUGHOUT THE YEAR. RESOLUTION OF POSSIBLE OR DISCLOSED CONFLICT IS REFERRED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 OTEF IS CURRENTLY A 100% VOLUNTEER ORGNIZATION AT THE LEADERSHIP LEVEL. OUR ONLY PAID EMPLOYEES ARE PART TIME INTERNS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST