EIN 75-6020405

The Opportunity Plan

IRS 501(c) type
501(c)(3)
Num. employees
5
City
State
Year formed
1954
Most recent tax filings
2023-07-01
Description
The Opportunity Plan's mission is to provide loans and scholarships for college students, assisting them in achieving their educational goals. The organization reviews applications and meets with students primarily from the Texas Panhandle, with over 400 students assisted annually.
Total revenues
$2,869,153
2023
Total expenses
$1,962,387
2023
Total assets
$31,228,504
2023
Num. employees
5
2023

Program areas at The Opportunity Plan

Opi provides student loans and scholarships to college students primarily from The Texas panhandle. This involves reviewing applications and meeting with students. Over 400 students are assisted each year.

Grants made by The Opportunity Plan

GranteeGrant descriptionAmount
Texas Tech FoundationResident Stipend Doctor of Osteopathic Medicine$25,000

Who funds The Opportunity Plan

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Golden Spread Electric CooperativeScholarships$17,250
Mays FoundationScholarships$17,100
Rita Blanca Electric CooperativeFund Scholarships$16,450
...and 7 more grants received

Personnel at The Opportunity Plan

NameTitleCompensation
Tim BynumPresident
Stephanie LeuthenOffice Manager
Lynda TinsleySecretary and Treasurer$0
Larry JohnsonVice President$0
Cathryn WrightPresident$0
...and 1 more key personnel

Financials for The Opportunity Plan

RevenuesFYE 07/2023
Total grants, contributions, etc.$1,158,789
Program services$49,262
Investment income and dividends$606,256
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,054,846
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,869,153

Form 990s for The Opportunity Plan

Fiscal year endingDate received by IRSFormPDF link
2023-072024-10-22990View PDF
2022-072024-10-22990View PDF
2022-072022-12-23990View PDF
2021-072022-06-08990View PDF
2020-072021-04-14990View PDF
...and 10 more Form 990s
Data update history
August 26, 2024
Received grants
Identified 1 new grant, including a grant for $4,565 from Pampa Center Foundation
August 2, 2024
Received grants
Identified 4 new grant, including a grant for $17,100 from Mays Foundation
December 28, 2023
Received grants
Identified 6 new grant, including a grant for $17,250 from Golden Spread Electric Cooperative
August 19, 2023
Received grants
Identified 6 new grant, including a grant for $36,910 from Amarillo Area Foundation
August 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
PO Box 1035
Canyon, TX 79015
Metro area
Amarillo, TX
County
Randall County, TX
Website URL
opportunityplan.com/ 
Phone
(806) 655-2528
IRS details
EIN
75-6020405
Fiscal year end
July
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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