Nonprofit · EIN 75-6020405
OPPORTUNITY PLAN INC
Tax-exempt · CANYON, TX 79015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $2,478,228 | $1,965,676 | $512,552 | $32,733,777 | $3,828 | $32,729,949 |
| July 31, 2023 | 990 | $2,869,153 | $1,962,387 | $906,766 | $31,228,504 | $3,487 | $31,225,017 |
| July 31, 2022 | 990 (amended) | -$1,899,695 | $2,074,980 | -$3,974,675 | $30,351,406 | $53,353 | $30,298,053 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $821,036
- Program service revenue
- $69,789
- Investment income
- $1,582,917
- Net gain from sales of assets
- $798,259
- Other revenue
- $4,486
Expenses
- Grants and similar amounts paid
- $1,083,800
- Compensation of officers, directors and key employees
- $115,931
- Other salaries and wages
- $223,825
- Salaries, compensation and benefits (total)
- $417,855
- Professional fundraising fees
- $0
- Accounting fees
- $75,550
- Occupancy
- $10,589
- Depreciation
- $32,077
- Program services (functional)
- $1,298,286
- Management and general (functional)
- $667,390
Balance sheet and other
- Total assets, start of year
- $32,247,184
- Total assets, end of year
- $32,733,777
- Total liabilities, end of year
- $3,828
- Net assets, end of year
- $32,729,949
- Land, buildings and equipment
- $266,216
- Net assets without donor restrictions
- $7,063,942
- Net assets with donor restrictions
- $25,666,007
- Gross receipts
- $12,050,155
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1954
- State of legal domicile
- TX
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM BYNUM | EXEC DIRECTOR/PRESIDENT Trustee or director, Officer | 40 | $113,684 |
| KEITH BROWN | DIRECTOR Trustee or director | 1 | $0 |
| MARTHA CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| DEBBIE COLLIER | DIRECTOR Trustee or director | 1 | $0 |
| JJ GOMEZ | DIRECTOR Trustee or director | 1 | $0 |
| DR BROCK LOVETT | DIRECTOR Trustee or director | 1 | $0 |
| MEG O'BRIEN | DIRECTOR Trustee or director | 1 | $0 |
| KYLE SINGLETON | DIRECTOR Trustee or director | 1 | $0 |
| DR BOB ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| WILEY HARP | DIRECTOR Trustee or director | 1 | $0 |
| JERRY SCHAEFFER | DIRECTOR Trustee or director | 1 | $0 |
| DONNA WARRICK | MEMBER Trustee or director | 1 | $0 |
| DR CHRIS BRADY | DIRECTOR Trustee or director | 1 | $0 |
| STACEY KELLY | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN TRIPPLEHORN | MEMBER Trustee or director | 1 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CURRIE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JANYTH BOWERS | DIRECTOR Trustee or director | 1 | $0 |
| DR PATRICK HANFORD | DIRECTOR Trustee or director | 1 | $0 |
| MATT MARRS | DIRECTOR Trustee or director | 1 | $0 |
| LESLIE HORTON | DIRECTOR Trustee or director | 1 | $0 |
| WES YOUNG | MEMBER Trustee or director | 1 | $0 |
| LINDY BURNAM | MEMBER Trustee or director | 1 | $0 |
| MACY PICKERING | MEMBER Trustee or director | 1 | $0 |
| DR LARRY JOHNSON | VICE-CHAIR Officer | 1 | $0 |
| LYNDA TINSLEY | SEC/TREAS Officer | 1 | $0 |
| CAROLYN BAXTER | CHAIRMAN Officer | 1 | $0 |
990 for the year ended July 31, 2023: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH BROWN | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN BAXTER | DIRECTOR Trustee or director | 1 | $0 |
| MARTHA CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| DEBBIE COLLIER | DIRECTOR Trustee or director | 1 | $0 |
| JJ GOMEZ | DIRECTOR Trustee or director | 1 | $0 |
| DR BROCK LOVETT | DIRECTOR Trustee or director | 1 | $0 |
| MEG O'BRIEN | MEMBER Trustee or director | 1 | $0 |
| KYLE SINGLETON | MEMBER Trustee or director | 1 | $0 |
| DR BOB ROBINSON | MEMBER Trustee or director | 1 | $0 |
| WILEY HARP | DIRECTOR Trustee or director | 1 | $0 |
| JERRY SCHAEFFER | MEMBER Trustee or director | 1 | $0 |
| DONNA WARRICK | MEMBER Trustee or director | 1 | $0 |
| DR CHRIS BRADY | DIRECTOR Trustee or director | 1 | $0 |
| STACEY KELLY | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN TRIPPLEHORN | MEMBER Trustee or director | 1 | $0 |
| CURRIE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JANYTH BOWERS | DIRECTOR Trustee or director | 1 | $0 |
| DR PATRICK HANFORD | DIRECTOR Trustee or director | 1 | $0 |
| MATT MARRS | DIRECTOR Trustee or director | 1 | $0 |
| LESLIE HORTON | DIRECTOR Trustee or director | 1 | $0 |
| WES YOUNG | DIRECTOR Trustee or director | 1 | $0 |
| DR LARRY JOHNSON | VICE-PRESIDENT Officer | 1 | $0 |
| LYNDA TINSLEY | SEC/TREAS Officer | 1 | $0 |
990 for the year ended July 31, 2022: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH BROWN | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN BAXTER | DIRECTOR Trustee or director | 1 | $0 |
| MARTHA CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| DEBBIE COLLIER | DIRECTOR Trustee or director | 1 | $0 |
| JJ GOMEZ | DIRECTOR Trustee or director | 1 | $0 |
| DR BROCK LOVETT | DIRECTOR Trustee or director | 1 | $0 |
| MEG O'BRIEN | MEMBER Trustee or director | 1 | $0 |
| LYNN SINGLETON | MEMBER Trustee or director | 1 | $0 |
| DR BOB ROBINSON | MEMBER Trustee or director | 1 | $0 |
| WILEY HARP | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE PIERSON | MEMBER Trustee or director | 1 | $0 |
| JERRY SCHAEFFER | MEMBER Trustee or director | 1 | $0 |
| DONNA WARRICK | MEMBER Trustee or director | 1 | $0 |
| DR CHRIS BRADY | DIRECTOR Trustee or director | 1 | $0 |
| STACEY KELLY | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN TRIPPLEHORN | MEMBER Trustee or director | 1 | $0 |
| CURRIE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JANYTH BOWERS | DIRECTOR Trustee or director | 1 | $0 |
| DR PATRICK HANFORD | DIRECTOR Trustee or director | 1 | $0 |
| MATT MARRS | DIRECTOR Trustee or director | 1 | $0 |
| LESLIE HORTON | DIRECTOR Trustee or director | 1 | $0 |
| WES YOUNG | DIRECTOR Trustee or director | 1 | $0 |
| CATHRYN WRIGHT | PRESIDENT Officer | 1 | $0 |
| DR LARRY JOHNSON | VICE-PRESIDENT Officer | 1 | $0 |
| LYNDA TINSLEY | SEC/TREAS Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1035, CANYON, TX 79015-1035
- Principal officer (990 for 2024)
- TIM BYNUM, PO BOX 1035, CANYON, TX 790151035
- Signed the 990
- TIM BYNUM, EXECUTIVE DIRECTOR
- Phone
- (806) 655-2528
- Website
- WWW.OPPORTUNITYPLAN.COM
- Return prepared by
- BROWN GRAHAM & COMPANY PC
Mission
TO ASSIST STUDENTS IN ACHIEVING THEIR EDUCATIONAL GOALS BY PROVIDING LOANS AND SCHOLARSHIPS FOR COLLEGE EDUCATIONS.
Program accomplishments
- OPI PROVIDES STUDENT LOANS AND SCHOLARSHIPS TO COLLEGE STUDENTS PRIMARILY FROM THE TEXAS PANHANDLE. THIS INVOLVES REVIEWING APPLICATIONS AND MEETING WITH STUDENTS. OVER 500 STUDENTS ARE ASSISTED EACH YEAR.Expenses $1,298,286 · grants $1,083,800 · revenue $1,657,192
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 75-6020405
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1961
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $32,733,777
- Income (IRS master file)
- $12,050,155
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $2,478,228 | $1,965,676 | $32,733,777 | XML |
| 990 | July 2024 | – | – | – | IRS |
| 990 | July 2023 | $2,869,153 | $1,962,387 | $31,228,504 | XML |
| 990 | July 2022 | -$1,899,695 | $2,074,980 | $30,351,406 | XML |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
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 75-6020405).
Questions about OPPORTUNITY PLAN INC
- What is the EIN of OPPORTUNITY PLAN INC?
- The employer identification number (EIN) of OPPORTUNITY PLAN INC is 75-6020405.
- Is OPPORTUNITY PLAN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to OPPORTUNITY PLAN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPPORTUNITY PLAN INC 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 PLAN INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPPORTUNITY PLAN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of OPPORTUNITY PLAN INC?
- The 990 for the year ended July 31, 2025 names TIM BYNUM.
- Who are the officers and directors of OPPORTUNITY PLAN INC?
- The 990 for the year ended July 31, 2025 lists 26 people; 1 received compensation from the organization, the highest $113,684 (TIM BYNUM, EXEC DIRECTOR/PRESIDENT).
- How much revenue does OPPORTUNITY PLAN INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $2,478,228, expenses of $1,965,676 and total assets of $32,733,777 at year end.
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