Nonprofit · EIN 82-2192047
FAIR OPPORTUNITY PROJECT
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $356,108 | $345,852 | $10,256 | $38,667 | $0 | $38,667 |
| May 31, 2024 | 990-EZ | $176,697 | $245,872 | -$69,175 | $28,411 | $0 | $28,411 |
| May 31, 2023 | 990-EZ | $199,976 | $195,111 | $4,865 | $16,614 | $200 | $16,414 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $356,069
- of which government grants
- $140,613
- Program service revenue
- $39
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $146,480
- Other salaries and wages
- $4,214
- Salaries, compensation and benefits (total)
- $162,392
- Professional fundraising fees
- $0
- Legal fees
- $1,140
- Accounting fees
- $5,725
- Travel
- $4,316
- Program services (functional)
- $345,831
- Management and general (functional)
- $21
Balance sheet and other
- Total assets, start of year
- $28,411
- Total assets, end of year
- $38,667
- Total liabilities, end of year
- $0
- Net assets, end of year
- $38,667
- Gross receipts
- $356,108
- Employees
- 0
- Volunteers
- 165
- Year formed
- 2017
- State of legal domicile
- WI
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Luke Heine | Board Co-President Trustee or director, Officer, Key employee, Highest-paid employee | 26 | $48,827 |
| Carole Trone | Executive Director & Board Secretary Trustee or director, Officer, Key employee, Highest-paid employee | 26 | $48,827 |
| Cole Scanlon | Board Co-President & Secretary Trustee or director, Officer, Key employee, Highest-paid employee | 26 | $48,827 |
| Julie Vultaggio | Board Director Trustee or director | 1 | $0 |
| Charlie Maynard | Board Director Trustee or director | 1 | $0 |
| Margarita Avila | Board Director Trustee or director | 1 | $0 |
990-EZ for the year ended May 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUKE HEINE | PRESIDENT & CEO | 13 | $44,525 |
| CAROLE TRONE | EXECUTIVE DIRECTOR | 13 | $41,226 |
| COLE C SCANLON | PRESIDENT & CEO | 13 | $29,675 |
| JULIE VULTAGGIO | DIRECTOR | 2 | $0 |
| MARGARITA AVILA | DIRECTOR | 2 | $0 |
| CHARLIE MAYNARD | CEO | 2 | $0 |
990-EZ for the year ended May 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carole Trone | Executive Dir. | 13 | $0 |
| Luke Heine | President & CEO | 13 | $0 |
| Cole C Scanlon | President & CEO | 13 | $0 |
| Julie Vultaggio | Director | 2 | $0 |
| Margarita Avila | Director | 2 | $0 |
| Charlie Maynard | CEO | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 821 E WASHINGTON AVE STE 200, MADISON, WI 53703-4760
- Mailing address (990-N for 2020)
- 821 E Washington Ave, Madison WI 53703
- Principal officer (990 for 2024)
- Carole Trone, 821 E Washington Ave Suite 200, Madison, WI 53703
- Principal officer (990-N for 2020)
- Carole Trone, 409 Sidney St, Madison WI 53703
- Signed the 990
- Carole Trone, Executive Director
- Phone
- (608) 960-9681
Mission
THE MISSION OF THE ORGANIZATION IS TO EMPOWER STUDENTS TO ACCESS AND AFFORD COLLEGE.
Program accomplishments
- The organization conducted targeted virtual and in person financial aid and FAFSA help for high school students in Wisconsin. Outreach and marketing campaigns targeted approximately 65,000 students across 421 school districts. Schools received regular updates on their students' completion levels. The organization built a custom FAFSA chatbot with FSA knowledge base documentation that could respond in over 100 languages. The organization built a longitudinal FAFSA dashboard for schools to see completion trends over time. The dashboard incorporated publicly available student demographic data for analyzing completion levels according to average household income and geographic locale.Expenses $135,989
- Develop and update a comprehensive college application and financial aid guide that is freely available on the website and shared on social media and digital publications. Mentor program that matches high school students with near-peer mentors.Expenses $15,455
- The Summer Boost Program is an intensive virtual advising and FAFSA completion support program that pairs school counselors with Wisconsin high school juniors and seniors to support their successful completion of key steps in applying to and enrolling in college. Summer Boost provided weekly sessions and incentives for participating students to learn more about 2 and 4 year colleges and related career paths.Expenses $194,387
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-2192047
- 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
- 2017
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $38,667
- Income (IRS master file)
- $356,108
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $356,108 | $345,852 | $38,667 | XML |
| 990-EZ | May 2024 | $176,697 | $245,872 | $28,411 | XML |
| 990-EZ | May 2023 | $199,976 | $195,111 | $16,614 | XML |
| 990-EZ | May 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Carole Trone | May 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Carole J Trone | May 31, 2020 | ≤ $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 82-2192047).
Questions about FAIR OPPORTUNITY PROJECT
- What is the EIN of FAIR OPPORTUNITY PROJECT?
- The employer identification number (EIN) of FAIR OPPORTUNITY PROJECT is 82-2192047.
- Is FAIR OPPORTUNITY PROJECT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FAIR OPPORTUNITY PROJECT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAIR OPPORTUNITY PROJECT 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 FAIR OPPORTUNITY PROJECT due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAIR OPPORTUNITY PROJECT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of FAIR OPPORTUNITY PROJECT?
- The 990 for the year ended May 31, 2025 names Carole Trone.
- Who are the officers and directors of FAIR OPPORTUNITY PROJECT?
- The 990 for the year ended May 31, 2025 lists 6 people; 3 received compensation from the organization, the highest $48,827 (Luke Heine, Board Co-President).
- How much revenue does FAIR OPPORTUNITY PROJECT have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $356,108, expenses of $345,852 and total assets of $38,667 at year end.
Other nonprofits in MADISON
- UNIVERSITY OF WISCONSIN FOUNDATION EIN 39-0743975 · last filed 990 for 2025
- WISCONSIN ALUMNI RESEARCH FOUNDATION EIN 39-0833612 · last filed 990 for 2025
- ASCENDIUM EDUCATION SOLUTIONS INC EIN 39-1853833 · last filed 990 for 2025
- ASCENDIUM EDUCATION GROUP INC EIN 39-1090394 · last filed 990 for 2025
- EDGEWOOD UNIVERSITY INC EIN 39-0806202 · last filed 990 for 2025
- UNIVERSITY RESEARCH PARK INC EIN 39-1509154 · last filed 990 for 2024
- WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT EIN 39-1039417 · last filed 990 for 2025
- MADISON AREA TECHNICAL COLLEGE FOUNDATION INC EIN 23-7265867 · last filed 990 for 2025