Financial Transparency at The Opp Project
The Opp Project is committed to the thoughtful stewardship of resources, ensuring every dollar invested in expanded learning opportunities for Tulsa’s youth is used with transparency and accountability.
Our Financial Structure
The Opp Project is a component fund of the Tulsa Community Foundation (TCF), one of the largest community foundations in the country. As a component fund:
We operate under TCF’s nonprofit status and utilize their EIN.
Our finances are managed within TCF’s broader financial structure, which undergoes an annual audit and files a consolidated Form 990.
While we do not file individual tax returns, our financial practices are aligned with and adhere to TCF’s rigorous standards.
Frequently Asked Questions
1. How does The Opp Project manage its finances?
Our finances are managed in partnership with the Tulsa Community Foundation, ensuring we adhere to strict internal controls and record-keeping processes. All funds raised and spent are tracked within TCF’s financial system, with oversight from both TCF and The Opp Project’s Executive Director and Financial and Operations Manager..
2. Does The Opp Project conduct independent audits or file its own tax returns?
As a component fund of the Tulsa Community Foundation, The Opp Project does not file individual tax returns. Our financial activities are included in TCF’s annual audit and consolidated Form 990.
3. How are funds used to support Tulsa youth?
Funds raised through The Opp Project directly support youth programming in Tulsa, including:
Compensating educators for leading expanded learning clubs through Tulsa EnrichED
Providing capacity-building support for youth-serving organizations
Expanding access to afterschool and summer learning opportunities for Tulsa’s youth
4. How can I review The Opp Project’s financial information?
Since our finances are housed within TCF, financial documents such as TCF’s Form 990 and annual reports are available on the Tulsa Community Foundation's website. Although TCF’s fiscal year is January 1 - December 31, like many of our education partners, we budget our operations from July 1 - June 30.
Our Commitment to Transparency
The Opp Project values its partnerships with Tulsa school districts, community stakeholders, and youth-serving organizations. Though we operate within the Tulsa Community Foundation’s structure, we remain steadfast in ensuring transparency and accountability in all of our financial practices. Our focus remains on supporting expanded learning opportunities for Tulsa’s youth with integrity.