Nonprofit · EIN 84-3571746
OPPORTUNITY SCHOLARS
Tax-exempt · WINCHESTER, VA 22604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $853,966 | $671,133 | $182,833 | $1,540,433 | $311,032 | $1,229,401 |
| December 31, 2024 | 990 (amended) | $678,638 | $519,432 | $159,206 | $2,032,742 | $986,174 | $1,046,568 |
| December 31, 2023 | 990 | $480,827 | $669,859 | -$189,032 | $938,612 | $313,109 | $625,503 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $800,751
- Program service revenue
- $24,802
- Investment income
- $28,413
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $561,818
- Salaries, compensation and benefits (total)
- $561,818
- Professional fundraising fees
- $0
- Occupancy
- $25,657
- Depreciation
- $168
- Program services (functional)
- $608,591
- Management and general (functional)
- $55,926
- Fundraising (functional)
- $6,616
Balance sheet and other
- Total assets, start of year
- $2,032,742
- Total assets, end of year
- $1,540,433
- Total liabilities, end of year
- $311,032
- Net assets, end of year
- $1,229,401
- Land, buildings and equipment
- $22,873
- Net assets without donor restrictions
- $1,145,519
- Net assets with donor restrictions
- $83,882
- Gross unrelated business income
- $24,802
- Gross receipts
- $853,966
- Employees
- 17
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- VA
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 |
|---|---|---|---|
| RACHEL SCHAEFER | FORMER DIRECTOR Trustee or director | 1 | $53,636 |
| CONNER MARSDEN | DIRECTOR Trustee or director | 1 | $0 |
| TRACY FITZSIMMONS | DIRECTOR Trustee or director | 1 | $0 |
| SONNY SWANN | DIRECTOR Trustee or director | 1 | $0 |
| NICK CLEMENTE | DIRECTOR Trustee or director | 1 | $0 |
| ANDY VIPPERMAN | FORMER DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN CUMBIE | TREASURER Trustee or director | 1 | $0 |
| JAMES W DYKE JR | DIRECTOR Trustee or director | 1 | $0 |
| DELBERT PARKS | DIRECTOR Trustee or director | 1 | $0 |
| ALAN WURTZEL | DIRECTOR Trustee or director | 1 | $0 |
| CARL BIGGS | DIRECTOR Trustee or director | 1 | $0 |
| JILL HOLTZMAN VOGEL | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ROB BANSE | DIRECTOR Trustee or director | 1 | $0 |
| CHARLES MEYER | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA FALLEN | DIRECTOR Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRED THOMPSON | CHAIR Officer | 2 | $0 |
| LORNA MARTINEZ MAGILL | SECRETARY Officer | 1 | $0 |
| J KNOX SINGLETON | VICE CHAIR/FOUNDER Officer | 1 | $0 |
| SCOTT MILLER | FORMER CHAIR Officer | 1 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL SCHAEFER | DIRECTOR Trustee or director | 1 | $132,290 |
| CONNER MARSDEN | DIRECTOR Trustee or director | 1 | $0 |
| TRACY FITZSIMMONS | DIRECTOR Trustee or director | 1 | $0 |
| SONNY SWANN | DIRECTOR Trustee or director | 1 | $0 |
| NICK CLEMENTE | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN CUMBIE | TREASURER Trustee or director | 1 | $0 |
| JAMES W DYKE JR | DIRECTOR Trustee or director | 1 | $0 |
| DELBERT PARKS | DIRECTOR Trustee or director | 1 | $0 |
| ALAN WURTZEL | DIRECTOR Trustee or director | 1 | $0 |
| CARL BIGGS | DIRECTOR Trustee or director | 1 | $0 |
| JILL HOLTZMAN VOGEL | DIRECTOR Trustee or director | 1 | $0 |
| ROB BANSE | DIRECTOR Trustee or director | 1 | $0 |
| FRED THOMPSON | VICE CHAIR Officer | 1 | $0 |
| LORNA MARTINEZ MAGILL | SECRETARY Officer | 1 | $0 |
| J KNOX SINGLETON | VICE CHAIR/FOUNDER Officer | 2 | $0 |
| SCOTT MILLER | CHAIR Officer | 2 | $0 |
| ANDY VIPPERMAN | DIRECTOR Officer | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE OVERBAUGH | DIRECTOR Former | 2 | $37,477 |
| CONNER MARSDEN | DIRECTOR Trustee or director | 1 | $0 |
| TRACY FITZSIMMONS | DIRECTOR Trustee or director | 1 | $0 |
| SONNY SWANN | DIRECTOR Trustee or director | 1 | $0 |
| NICK CLEMENTE | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN CUMBIE | DIRECTOR Trustee or director | 1 | $0 |
| JAMES W DYKE JR | DIRECTOR Trustee or director | 1 | $0 |
| DELBER PARKS | DIRECTOR Trustee or director | 1 | $0 |
| ALAN WURTZEL | DIRECTOR Trustee or director | 1 | $0 |
| FRED THOMPSON | VICE CHAIR Officer | 1 | $0 |
| LORNA MARTINEZ MAGILL | SECRETARY Officer | 1 | $0 |
| J KNOX SINGLETON | VICE CHAIR/FOUNDER Officer | 2 | $0 |
| SCOTT MILLER | PRESIDENT Officer | 2 | $0 |
| JONATHAN AVENDANO | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1823, WINCHESTER, VA 22604-8323
- Mailing address (990-N for 2019)
- 210 Handley Blvd, Winchester VA 22601
- Principal officer (990 for 2025)
- LEWIS CARNEY, PO BOX 1823, WINCHESTER, VA 22604
- Principal officer (990-N for 2019)
- J Knox Singleton, 210 Handley Blvd, Winchester VA 22601
- Signed the 990
- LEWIS CARNEY, CEO
- Phone
- (540) 931-1084
- Website
- OPPORTUNITYSCHOLARS.ORG
- Return prepared by
- BERG FAIRCLOTH AND COMPANY
Mission
OPPORTUNITY SCHOLAR'S MISSION IS TO SUPPORT EDUCATION AND TRAINING PATHWAYS FOR STUDENTS FROM LOW INCOME AND ETHNICALLY UNDERREPRESENTED COMMUNITIES. OPPORTUNITY SCHOLARS SERVES AS THE CONNECTION BETWEEN STUDENTS AND THEIR FAMILIES, K-12 SCHOOLS, HIGHER EDUCATION PROVIDERS AND LOCAL BUSINESSES. THROUGH CULTURALLY APPROPRIATE COACHING, ACADEMIC SUPPORT AND RISK-FREE FINANCING, OPPORTUNITY SCHOLARS HELPS STUDENTS ACHIEVE THE ACADEMIC AND TECHNICAL QUALIFICATIONS FOR GREAT JOBS IN THE PRIORITY WORKFORCE SHORTAGE AREAS WITHIN THE COMMUNITIES WE SERVE. BY HELPING STUDENTS GET HIGH PAYING JOBS WHILE TARGETING PRIORITY WORKFORCE DEVELOPMENT NEEDS, BOTH THE STUDENTS AND THEIR COMMUNITIES ACHIEVE TRANSFORMATIONAL IMPROVEMENT IN THEIR ECONOMIC STATUS AND A REDUCTION IN INCOME INEQUALITY.
Program accomplishments
- EDUCATIONAL SERVICESTHE ORGANIZATION PROVIDES GUIDANCE, TUTORING AND SUPPORT OF ACADEMIC STUDIES, EXPOSES STUDENTS TO VARIOUS CAREER OPTIONS, AND ASSISTS STUDENTS IN SECURING FUNDS IN THE FORM OF GRANTS AND LOANS FOR EDUCATION RELATED EXPENSESExpenses $608,591
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
- 84-3571746
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $1,540,433
- Income (IRS master file)
- $853,966
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $853,966 | $671,133 | $1,540,433 | XML |
| 990 | December 2024 | $678,638 | $519,432 | $2,032,742 | XML |
| 990 | December 2023 | $480,827 | $669,859 | $938,612 | XML |
| 990 | December 2022 | $412,077 | $275,998 | $923,295 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: J Knox Singleton | 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 84-3571746).
Questions about OPPORTUNITY SCHOLARS
- What is the EIN of OPPORTUNITY SCHOLARS?
- The employer identification number (EIN) of OPPORTUNITY SCHOLARS is 84-3571746.
- Is OPPORTUNITY SCHOLARS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to OPPORTUNITY SCHOLARS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPPORTUNITY SCHOLARS 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 SCHOLARS 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 SCHOLARS 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 SCHOLARS?
- The 990 for the year ended December 31, 2025 names LEWIS CARNEY.
- Who are the officers and directors of OPPORTUNITY SCHOLARS?
- The 990 for the year ended December 31, 2025 lists 19 people; 1 received compensation from the organization, the highest $53,636 (RACHEL SCHAEFER, FORMER DIRECTOR).
- How much revenue does OPPORTUNITY SCHOLARS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $853,966, expenses of $671,133 and total assets of $1,540,433 at year end.
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