Nonprofit · EIN 20-3779020
OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION
Tax-exempt · PHOENIX, AZ 85048
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $207,147 | $135,157 | $71,990 | $322,129 | $180 | $321,949 |
| December 31, 2024 | 990 | $68,211 | $42,598 | $25,613 | $250,060 | $101 | $249,959 |
| December 31, 2023 | 990 | $64,930 | $31,463 | $33,467 | $224,346 | $0 | $224,346 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $110,187
- of which government grants
- $75,000
- Program service revenue
- $93,970
- Investment income
- $2,990
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $15,000
- Other salaries and wages
- $68,638
- Salaries, compensation and benefits (total)
- $78,342
- Professional fundraising fees
- $0
- Accounting fees
- $3,116
- Travel
- $761
- Program services (functional)
- $118,803
- Management and general (functional)
- $16,354
Balance sheet and other
- Total assets, start of year
- $250,060
- Total assets, end of year
- $322,129
- Total liabilities, end of year
- $180
- Net assets, end of year
- $321,949
- Gross receipts
- $207,147
- Employees
- 4
- Volunteers
- 45
- Year formed
- 2005
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN KOERBER-WALKER MBA | CHAIRMAN OF THE BOARD Trustee or director, Officer | 10 | $0 |
| ROBERT DUNAWAY JD | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ED NUSBAUM | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN KOERBER-WALKER MBA | CHAIRMAN OF THE BOARD Trustee or director, Officer | 10 | $0 |
| ROBERT DUNAWAY JD | SECRETARY Trustee or director | 0.5 | $0 |
| ED NUSBAUM | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOAN KOERBER-WALKER MBA | CHAIRMAN OF THE BOARD Trustee or director, Officer | 10 | $0 |
| ROBERT DUNAWAY JD | SECRETARY Trustee or director | 0.5 | $0 |
| ED NUSBAUM | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 14401 S 24TH WAY, PHOENIX, AZ 85048-9019
- In care of
- % JOAN KOERBER-WALKER
- Principal officer (990 for 2025)
- JOAN KOERBER-WALKER, 14401 S 24TH WAY, PHOENIX, AZ 85048
- Signed the 990
- JOAN KOERBER-WALKER, CHAIRMAN OF THE BOARD
- Phone
- (480) 332-9636
- Website
- WWW.OTEF.ORG
- 990-N for 2021 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Joan Koerber Walker, 14401 S 24TH WAY, PHOENIX AZ 85048. Mailing address: 14401 S 24th Way, Phoenix AZ 85048. Website: https://www.otef.org
- Return prepared by
- LOHMAN COMPANY PLLC
Mission
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.
Program accomplishments
- 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. TWO UNIVERSITY STUDENTS WERE EMPLOYED AS PART TIME STUDENT INTERNS IN 2025 FOR 3 MONTHS EACH. THE AZADVANCES CAPITAL PROGRAM MADE NO INVESTMENTS INTO EARLY STAGE LIFE SCIENCE COMPANIES IN 2025. OUR CURRENT MISSION RELATED INVESTMENT PORTFOLIO INCLUDES THREE INVESTMENTS FROM 2023. 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. $75,000 IN SUPPORT WAS PROVIDED FROM THE STATE OF ARIZONA IN 2025. BEGINNING IN 2025, THE ORGANIZATION ENTERED INTO A FEE FOR SERVICE CONTRACT WITH THE ARIZONA BIOINDUSTRY ASSOCIATION TO PROVIDE MISSION RELATED ENTREPRENEURIAL EDUCATION AND WORKFORCE DEVELOPMENT SERVICES ON BEHALF OF THE ASSOCIATION.Expenses $118,803 · grants $15,000 · revenue $93,970
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3779020
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $322,129
- Income (IRS master file)
- $207,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $207,147 | $135,157 | $322,129 | IRS |
| 990 | December 2024 | $68,211 | $42,598 | $250,060 | IRS |
| 990 | December 2023 | $64,930 | $31,463 | $224,346 | XML |
| 990 | December 2022 | $200,494 | $92,161 | $190,879 | IRS |
| 990-N for 2021 Officer: Joan Koerber Walker Filed under this EIN, most likely by a chapter or affiliate | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Joan Koerber Walker Filed under this EIN, most likely by a chapter or affiliate | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Joan Koerber-Walker Filed under this EIN, most likely by a chapter or affiliate | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3779020).
Questions about OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION
- What is the EIN of OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION?
- The employer identification number (EIN) of OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION is 20-3779020.
- Is OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 names JOAN KOERBER-WALKER.
- Who are the officers and directors of OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $207,147, expenses of $135,157 and total assets of $322,129 at year end.
Other nonprofits in PHOENIX
- GRAND CANYON UNIVERSITY EIN 47-2507725 · last filed 990 for 2025
- LINCOLN INSTITUTE OF LAND POLICY EIN 86-6021106 · last filed 990-PF for 2025
- AMERICAN CHARTER SCHOOLS FOUNDATION EIN 38-3463353 · last filed 990 for 2025
- GREATHEARTS ARIZONA EIN 20-2036133 · last filed 990 for 2025
- ARIZONA AUTISM CHARTER SCHOOLS INC EIN 46-1292127 · last filed 990 for 2025
- SCOTTSDALE CHRISTIAN ACADEMY INC EIN 86-0269193 · last filed 990 for 2025
- ACCEL EIN 95-3497070 · last filed 990 for 2025
- VISTA COLLEGE PREPARATORY INC EIN 45-4825961 · last filed 990 for 2025