Opportunitywork Inc

What it reported doing in 2024

Opportunity@work's mission is to rewire the labor market so stars-workers skilled through alternative routes-can regain upward economic mobility, enriching their careers and communities. Over the next decade, we aim to enable 1 million stars by opening up 10 million jobs, boosting stars' earnings by more than $100 billion.over 30 million rising stars are locked out of higher-wage jobs despite having developed the skills to succeed. Stars and the companies who seek their skills and experience find themselves on opposite sides of an invisible barrier - the paper ceiling - separated by degree screens, biased algorithms, stereotypes, and exclusionary professional networks. (continuted on schedule o)the paper ceiling cost stars 7.5 million good job opportunities between 2000 and 2020. O@w is shifting perceptions through data and narrative campaigns (awareness to action), activating employer networks with tools to shift entrenched practices and generate proof points (behavior shifts), and embedding skills practices through public policies, system standards, and talent technology platforms to create durable change (changed outcomes). As a result, the state of the paper ceiling has begun to shift and since 2020, stars have regained their share in roles they had previously lost, yielding more than 750,000 additional jobs. As a trusted field catalyst and backbone partner, o@w is uniquely positioned to drive large-scale change for stars through partnerships with employers, platforms, and policymakers. We envision a labor market where the skills you have matter more than where you got them. When skills are recognized and rewarded, all americans can work, learn, and earn to their full potential. Our work powers a collective movement to open opportunities for stars, together.

Financial Efficiency

• Mission deployment rate: 51%; rating input score 51
• Program expense ratio: 73.5%; rating input score 73
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 32%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 1.72; rating input score 56; 56th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 14.7%; rating input score 9; 9th percentile among comparable filings

Growth

• Program expense growth: 25.5% per year; rating input score 100; 93rd percentile among comparable filings
• Revenue growth: 23.7% per year; rating input score 100; 94th percentile among comparable filings
• Asset growth: 22.1% per year; rating input score 100; 91st percentile among comparable filings