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OPPORTUNITY THROUGH ENTREPRENEURSHIP

PHOENIX, AZ · EIN 203779020 · Form 990 · FY2022 · NTEE B60 · Education · Small ($100K-$1M) · www.otef.org
revenue
$200K
expenses
$92K
net assets
$191K
employees
0
volunteers
14
program ratio
34%
mission · from form 990

THE OPPORTUNITY THROUGH ENTREPRENEURSHIP FOUNDATION (OTEF) EDUCATES AND INVESTS IN PEOPLE AND ORGANIZATIONS THAT CREATE HOPE.

profile · synthesized from sources

The Opportunity Through Entrepreneurship Foundation (OTEF) educates and invests in disadvantaged populations by providing entrepreneurship skills and resources. Founded in 2005, OTEF supports various initiatives, including health innovation and youth entrepreneurship, primarily in Arizona. Their programs aim to catalyze the entrepreneurial ecosystem and foster sustainable business ventures.

named programs · 3 · from sources

what they call their work

AZAdvances
Supports Arizona-based entrepreneurs in health innovations and provides student internships in the industry.
Blueprint for Survival
Workshops designed to help laid-off workers develop new income streams through entrepreneurship.
SEEDs Program
Teaches entrepreneurship skills to women in recovery from domestic violence, helping them start their own businesses.
activities · 4 clusters

what they do

  • Café-Based Youth Job Training 3 activities
    • Business Incubation and Support
      Supported over 1,000 entrepreneurs and non-profit partners in starting businesses, including helping Tumbleweed Home for Runaway Youth start a t-shirt business, Southwest Autism Research and Rehabilitation Center start a coffee bean packaging business, and a group of domestic violence victims start the Cup o’Karma coffee shop in Mesa.
    • Entrepreneurial Education Programs
      Used proceeds from conferences to fund entrepreneurial education programs for community members, from elementary school students to seniors, and ran entrepreneurship programs at locations like Gangplank in Chandler and the West Mesa Community Development Corporation.
    • Supports at-risk populations in launching social enterprises
      Provides direct operational and business development support to at-risk populations and nonprofit partners, helping domestic violence survivors, homeless youth, and autistic young adults launch businesses such as coffee shops, t-shirt printing, and coffee packaging ventures.
  • Health Equity Reinvestment Management 2 activities
    • Administers Arizona Health Innovation Trust Fund
      Contracts with the State of Arizona since 2022 to manage work supported by the Arizona Health Innovation Trust Fund, focusing on advancing health innovation in the state.
    • Arizona Health Innovation Trust Fund Management
      Contracted with the State of Arizona since 2022 to manage work supported by the Arizona Health Innovation Trust Fund.
  • Applied Research & Prototyping Support 2 activities
    • Funding and Support for Life Science Innovation
      Provides funding and support to life science researchers and entrepreneurs for life-changing and life-saving innovations through its AZAdvances initiative, which addresses early-stage capital needs in Arizona's life science innovation sector.
    • Operates AZAdvances initiative for life science innovation
      Provides funding, support, and internship opportunities to life science researchers, entrepreneurs, and students through the AZAdvances initiative, launched in 2019 to address workforce, entrepreneurial support, and early-stage capital needs in Arizona’s health innovation sector.
  • Uncategorized 6 activities
    • Delivers entrepreneurial training and business development programs
      Runs entrepreneurship programs and workshops, including the “Blueprint for Survival” for unemployed skilled workers and the SEEDs pilot program, to teach business planning and foster entrepreneurial approaches among diverse populations.
    • Entrepreneurial Workshops for Unemployed Workers
      Offers a "Blueprint for Survival" workshop to provide new thinking and resources to unemployed skilled workers, fostering entrepreneurial approaches.
    • Entrepreneurship Conferences
      Hosted Arizona's first social media conference and nine annual Arizona Entrepreneurship Conferences (AZEC) from 2006 to 2014, bringing national thought leaders to Phoenix to educate the entrepreneurial ecosystem and becoming the largest annual event of its kind in Arizona.
    • Hosts entrepreneurship conferences and events
      Hosted Arizona’s first social media conference and nine annual Arizona Entrepreneurship Conferences (AZEC) from 2006 to 2014, which became the largest annual event of its kind in Arizona, bringing national thought leaders to Phoenix to educate and catalyze the entrepreneurial ecosystem.
    • SEEDs Program for Business Development
      Selected the Support, Education, Empowerment & Directions (SEEDs) program as a pilot project to teach residents how to start their own businesses, helping them develop feasibility and business plans.
    • Student Internship Program
      Offers students opportunities to connect and intern with industry leaders through its AZAdvances initiative, including facilitating research projects and presentations to management teams.
financials · form 990 · fy2022

the money

revenue
Total revenue$200K
Contributions & grants$200K100%
Program service revenue$00%
Investment income$140%
Other revenue$0
expenses
Total expenses$92K
Program expenses34%
Admin / overhead1%
Fundraising65%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$191K
Cash$180K
Investments$0
Liabilities$0
Net assets$191K
Liquid reserves23.4 mo
1 years on record · 2022–2022
leadership · form 990 part vii · fy2022

who runs it

board members · 3
  • ED NUSBAUM — DIRECTOR
  • JOAN KOERBER-WALKER MBA — CHAIRMAN OF THE BOARD
  • ROBERT DUNAWAY JD — SECRETARY
relationships · 22

who they work with

  • ASU Art Department Partner — Partnered with the DIG program, which ASU named their main project in a $1 Million Grant from BofA.
  • AZAdvances Partner — Provides internship opportunities for students.
  • AZBio Partner — Potentially offers future internship opportunities.
  • Arizona Bioindustry Association Partner — Collaborated to explore and catalyze Arizona’s health innovation community.
  • Arizona State Treasurer’s Office (ASTO) Government — Contracted with ASTO to manage the Arizona Health Innovation Trust Fund.
  • Calviri Partner — Accredited investors can explore investing in Calviri as an alternative to supporting the Crypto Grand Challenge.
  • Gangplank Partner — Ran entrepreneurship programs at their location in Chandler.
  • HUG Clinic Partner — Welcomed and taught skills to a student intern.
  • Kauffman Foundation Partner — Supported the First Annual Arizona Entrepreneurship Conference.
  • Magellan Partner — TumbleTees, a program supported by OTEF, was approved as a vendor for Magellan.
  • Reglagene Partner — Received a presentation of research project results from a student intern.
  • SEEDs Partner — Partnered to help women at a domestic violence halfway house open a coffee shop.
  • SEEDs Program Partner — Selected as a pilot project to teach residents how to start their own businesses.
  • Southwest Autism Research and Rehabilitation Center Partner — Helped start a coffee bean packaging business.
  • Southwest Autism Research and Rehabilitation Center Partner — Provided services to help establish sustainable business models for training and employing autistic young adults.
  • Southwest Autism Research and Resource Center (SARRC) Partner — Assisted with their social entrepreneurial venture, CulinaryWorks, by providing advice and resources.
  • State of Arizona Government — Contracted to manage the Arizona Health Innovation Trust Fund.
  • The Giving Block Partner — Partners to accept cryptocurrency donations.
  • Tumbleweed Center for Youth Development Partner — Helped integrate entrepreneurial programs into their culture, including DIG and TumbleTees.
  • Tumbleweed Center for Youth Development Partner — Partnered to help young adults start a t-shirt printing business.
  • Tumbleweed Home for Runaway Youth Partner — Helped start a t-shirt business.
  • West Mesa Community Development Corporation Partner — Ran entrepreneurship programs at their location.