ROBERT SELLERS 1401 N LINCOLN BLVD STE 200 OKLAHOMA CITY OK 73104
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1 Check if applicable: Net Assets or Fund Balances Address change Name change Initial return Final return/ terminated Amended return Application pending Form of organization: Gross receipts$ Is this a group return for subordinates? Prior Year 0 Beginning of Current Year Yes Yes Current Year End of Year OPPORTUNITY SCHOLARSHIP FUND 1401 N LINCOLN BLVD STE 200 OKLAHOMA CITY OK ROBERT SELLERS 1401 N LINCOLN BLVD STE 200 OKLAHOMA CITY OK JEFFREY A. FRABLE, CPA 09/19/17 P ,383,889 OSFKIDS.ORG Corporation Trust Association Other Year of formation: 2014 State of legal domicile: OK SEE SCHEDULE O ROBERT SELLERS No No 0 0 1,330,203 3,045, , ,330,203 3,383, ,839 1,063, ,000 17, ,050 34, ,889 1,114, ,314 2,269,215 1,105,903 3,375, ,105,903 3,375,118 EECUTIVE DIRECTOR CCK STRATEGIES, PLLC S YALE AVE STE 400 TULSA, OK
2 SEE SCHEDULE O 1,089,545 1,063, ,426 THE FUND PROVIDES ECITING NEW BENEFITS FOR OKLAHOMA STUDENTS, FAMILIES, SCHOOLS, AND DONORS. THE FUND EMPHASIZES SCHOLARSHIP HELP FOR LOW- AND MIDDLE-INCOME OKLAHOMA STUDENTS. STUDENTS AND FAMILIES NOW HAVE MORE AFFORDABLE SCHOOL CHOICE THAN EVER. ACCREDITED PRIVATE SCHOOLS NOW HAVE A POWERFUL TOOL FOR BUIDLING TUITION SCHOLARSHIP CAPACITY. PARTICIPATING DONORS AND SPONSORS WILL NOW BE ELIGIBLE FOR GENEROUS OKLAHOMA TA CREDITS. IN 2016 A TOTAL OF 469 SCHOLARSHIPS WERE AWARDED TO OKLAHOMA STUDENTS BY PARTICIPATING SCHOOLS VIA FUNDS RECEIVED BY OPPORTUNITY SCHOLARSHIP FUND AND DISTRIBUTED TO PARTICIPATING SCHOOLS. 1,089,545
3 If Yes, complete Schedule A Schedule B, Schedule of Contributors If Yes, complete Schedule C, Part I If "Yes," complete Schedule C, Part II If "Yes," complete Schedule C, Part III If Yes, complete Schedule D, Part I If Yes, complete Schedule D, Part II If Yes, complete Schedule D, Part III If Yes, complete Schedule D, Part IV If Yes, complete Schedule D, Part V If "Yes," complete Schedule D, Part VI If "Yes," complete Schedule D, Part VII If "Yes," complete Schedule D, Part VIII If "Yes," complete Schedule D, Part I If "Yes," complete Schedule D, Part If "Yes," complete Schedule D, Part If Yes, complete Schedule D, Parts I and II If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts I and II is optional If Yes, complete Schedule E If Yes, complete Schedule F, Parts I and IV If Yes, complete Schedule F, Parts II and IV If Yes, complete Schedule F, Parts III and IV If Yes, complete Schedule G, Part I If "Yes," complete Schedule G, Part II If "Yes," complete Schedule G, Part III
4 (continued) If Yes, complete Schedule H If Yes, complete Schedule I, Parts I and II If Yes, complete Schedule I, Parts I and III If "Yes," complete Schedule J If Yes, answer lines 24b through 24d and complete Schedule K. If No, go to line 25a If Yes, complete Schedule L, Part I If "Yes," complete Schedule L, Part I If "Yes," complete Schedule L, Part II If Yes, complete Schedule L, Part III If "Yes," complete Schedule L, Part IV If "Yes," complete Schedule L, Part IV If Yes, complete Schedule L, Part IV If Yes, complete Schedule M If Yes, complete Schedule M If Yes, complete Schedule N, Part I If "Yes," complete Schedule N, Part II If Yes, complete Schedule R, Part I If Yes, complete Schedule R, Parts II, III, or IV, and Part V, line 1 If Yes, complete Schedule R, Part V, line 2 If Yes, complete Schedule R, Part V, line 2 If Yes, complete Schedule R, Part VI
5 0 e-file If No to line 3b, provide an explanation in Schedule O If "No," provide an explanation in Schedule O 6 0
6 For each "Yes" response to lines 2 through 7b below, and for a "No" response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions. 8 If Yes, provide the names and addresses in Schedule O (This Section B requests information about policies not required by the Internal Revenue Code.) If No, go to line 13 If Yes, describe in Schedule O how this was done (explain in Schedule O) ROBERT SELLERS 1401 N LINCOLN BLVD STE 200 OKLAHOMA CITY OK OK 8
7 PRESIDENT VICE-PRESIDENT SECRETARY/TREASURER Highest compensated employee CHARLES DANIELS BRANDON DUTCHER MARK STEPHEN MICHAEL CARNUCCIO TODD KOLCZUN BRITTONI LANTZ MICHAEL LAPOLLA T.W. SHANNON ROBERT SELLERS , DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR EECUTIVE DIRECTOR
8 (continued) Highest compensated employee 16, ,500 If Yes, complete Schedule J for such individual If Yes, complete Schedule J for such individual If Yes, complete Schedule J for such person (A) (B) Name and business address Description of services (C) Compensation 0
9 Program Service Revenue Government grants (contributions) All other contributions, gifts, grants, and similar amounts not included above Noncash contributions included in lines 1a-1f: Less: rental exps. Rental inc. or (loss) Gross amount from sales of assets other than inventory Less: cost or other basis & sales exps. Gross income from fundraising events (not including of contributions reported on line 1c). See Part IV, line 18 Gross income from gaming activities. See Part IV, line 19 3,045,836 3,045,836 ADMINISTRATIVE FEE REVENUE 338, , , ,383, ,
10 Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A). Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII. Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) Professional fundraising services. See Part IV, line 17 Other. (If line 11g amount exceeds 10% of line 25, column 1,063,094 1,063,094 16,500 16,500 1,000 1,000 4,330 4,330 (A) amount, list line 11g expenses on Schedule O.) Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.) Total functional expenses. Add lines 1 through 24e Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC ) 24,292 24, ,159 2,159 2,604 2,604 MISCELLANEOUS ,114,674 1,089,545 25,129 0
11 1,105,903 3,375,118 1,105,903 3,375, , , ,506 2,962,708 1,105,903 3,375,118 1,105,903 3,375,118
12 3,383,889 1,114,674 2,269,215 1,105,903 3,375,118
13 (Form 990 or 990-EZ) Information about Schedule A (Form 990 or 990-EZ) and its instructions is at (iv) Is the organization listed in your governing document?
14 Calendar year (or fiscal year beginning in) 248,305 1,330,203 3,045,836 4,624,344 Public support. Subtract line 5 from line 4. Calendar year (or fiscal year beginning in) 248,305 1,330,203 3,045,836 4,624,344 4,624, ,305 1,330,203 3,045,836 4,624, ,623, ,426
15 3 exclusively exclusively nonexclusively
16 OPPORTUNITY SCHOLARSHIP FUND PAGE 1 OF , , , , , ,000
17 OPPORTUNITY SCHOLARSHIP FUND PAGE 2 OF , , , ,000
18
19 (continued)
20 (Column (b) must equal Form 990, Part, col. (B) line 12.) (Column (b) must equal Form 990, Part, col. (B) line 13.) (Column (b) must equal Form 990, Part, col. (B) line 15.) (Column (b) must equal Form 990, Part, col. (B) line 25.)
21 (This must equal Form 990, Part I, line 12.) (This must equal Form 990, Part I, line 18.) PART - FIN 48 FOOTNOTE 3,045,837 1,063, , ,052 3,045,837 3,383,889 51,580 51,580 1,063,094 1,114,674 OPPORTUNITY SCHOLARSHIP FUND EVALUATES ITS UNCERTAIN TA POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF THEIR POLICIES AND PROCEDURES, REVIEW OF THEIR REGULAR TA FILINGS AND DISCUSSIONS WITH OUTSIDE EPERTS. MANAGEMENT HAS DETERMINED THAT OPPORTUNITY SCHOLARSHIP FUND HAD NO UNCERTAIN TA POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART I, LINE 4B - REVENUE AMOUNTS INCLUDED ON RETURN - OTHER TEMPORARILY RESTRICTED CONTRIBUTIONS $ 3,045,837 PART II, LINE 4B - EPENSE AMOUNTS INCLUDED ON RETURN - OTHER
22 (continued) GRANTS & OTHER ASSISTANCE $ 1,063,094
23 (c) IRC (d) Amount of cash (e) Amount of noncash assistance noncash assistance or (g) Description of (h) Purpose of grant section grant assistance (if applicable) (f) Method of valuation (book, FMV, appraisal, other)
24 SCHOLARSHIPS FOR STUDENTS 469 1,063,094 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ELIGIBILITY IS REVIEWED FOR ALL APPLICANTS. A STUDENT MUST BE A LEGAL RESIDENT OF THE UNITED STATES, LIVE IN OKLAHOMA, AND HAVE BEEN ACCEPTED BY AN ACCREDITED OKLAHOMA PRIVATE SCHOOL FOR THE SCHOOL YEAR. A STUDENT MUST MEET ONE OF THE FOLLOWING THREE CRITERIA: LIVE IN A FAMILY WITHIN THE ADJUSTED GROSS INCOME GUILDLINES; OR ATTEND, OR LIVE IN THE ATTENDANCE ZONE, OF A PUBLIC SCHOOL DESIGNATED AS "IN NEED OF IMPROVEMENT" BY THE STATE BOARD OF EDUCATION OR; ATTEND AN OKLAHOMA PUBLIC SCHOOL WITH AN INDIVIDUALIZED EDUCATION PROGRAM.
25 at FORM ORGANIZATION'S MISSION THE OPPORTUNITY SCHOLARSHIP FUND IS A SCHOLARSHIP GRANTING ORGANIZATION THAT PROVIDES SCHOLARSHIPS TO OKLAHOMA K-12 STUDENTS TO ATTEND ACCREDITED PRIVATE SCHOOLS IN OUR STATE. ONCE A STUDENT HAS RECEIVED A SCHOLARSHIP, THAT STUDENT AND HIS OR HER SIBLINGS REMAIN ELIGIBLE UNTIL HIGH SCHOOL GRADUATION OR AGE 21, WHICHEVER IS LATER. FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE TA RETURN WAS FORWARDED BY THE EECUTIVE DIRECTOR TO ALL BOARD MEMBERS FOR THEIR REVIEW BEFORE THE RETURN WAS E-FILED. FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATE POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OF DIRECTORS OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EISTS. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EPLANATION ALL ORGANIZING DOCUMENTS ARE AVAILABLE TO BE VIEWED BY THE PUBLIC GIVEN
26 SUFFICIENT NOTICE. PAGE 1 OF 1
27 INTEREST / DIVIDEND INCOME $ TOTAL $ 890
28 TEMPORARILY RESTRICTED CONTRIBUTIONS $ 1,918,170 THE RIVERSIDE GROUP INC CASH CONTRIBUTION 135,000 GAFP, INC CASH CONTRIBUTION 133,333 BC & GS, LLC CASH CONTRIBUTION 133,333 QUAIL CREEK BANK CASH CONTRIBUTION 133,000 HASKELL LEMON CONSTRUCTION CO CASH CONTRIBUTION 133,000 STRESSCON, INC CASH CONTRIBUTION 100,000 WYMER BROWNLEE CASH CONTRIBUTION 100,000 JASCO PRODUCTS COMPANY LLC CASH CONTRIBUTION 100,000 FUGITT INVESTMENTS, LLC CASH CONTRIBUTION 90,000 NEUROSURGICAL SPECIALISTS OF TULSA CASH CONTRIBUTION 70,000 TOTAL $ 3,045,836 INTEREST / DIVIDEND INCOME $ 890 LOSS ON SALE OF INVESTMENTS -1,263 TOTAL $ -373
29 ADMINISTRATIVE FEE REVENUE $ 338,426 TOTAL $ 338,426
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