PLATINUM2023

Opportunity Through Entrepreneurship Foundation

Creating Opportunity - Creating Hope

aka OTEF, OTEF/D3Bio, OTEF/AZAdvances   |   PHOENIX, AZ   |  https://otef.org

Mission

OTEF, the Opportunity Through Entrepreneurship Foundation, educates and invests in people and organizations that create hope. OTEF is a grass roots organization that provides entrepreneurial education, mentoring and support to individuals and organizations. Our programs focus in three areas, Small Business Mentoring; Creating Opportunities for Students; and Supporting the Discovery and Development of Health Innovations. We achieve our goals through direct programming, grants, and mission related investments.

Ruling year info

2006

Chairman

Joan Koerber-Walker

Executive Director

Francine Hardaway

Main address

14401 S 24TH WAY

PHOENIX, AZ 85048 USA

Show more contact info

EIN

20-3779020

NTEE code info

Management & Technical Assistance (S02)

Economic Development (S30)

Business and Industry (S40)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2022, 2010 and 2009.
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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The Opportunity Through Entrepreneurship Foundation (OTEF) has supported Arizona entrepreneurs and at-risk populations since 2005. Beginning in 2019, our AZAdvances program has focused on Arizona's growing entrepreneurial base in the area of health innovation. Our challenge is that Arizona needs to increase its STEM workforce and provide higher levels of entrepreneurial support to our emerging life science companies if our community is to achieve it's goal of doubling impact by 2033.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

OTEF Entrepreneurial Education

OTEF Entrepreneurial Education helps people in at-risk communities become self-sufficient.

Population(s) Served
Adults

D3Bio provides students the opportunity to make connections with industry leaders.

Population(s) Served
Children and youth
Ethnic and racial groups
Social and economic status

AZAdvances provides funding and support to life science researchers and entrepreneurs.

Population(s) Served
Adults
Adults

Where we work

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of conferences held

This metric is no longer tracked.
Totals By Year
Related Program

AZAdvances

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Average dollar price of entry to competitions

This metric is no longer tracked.
Totals By Year
Related Program

AZAdvances

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of clients placed in internships

This metric is no longer tracked.
Totals By Year
Related Program

AZAdvances

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Total number of competitions held

This metric is no longer tracked.
Totals By Year
Related Program

AZAdvances

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of job skills training courses/workshops conducted

This metric is no longer tracked.
Totals By Year
Related Program

AZAdvances

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our goals include:

1) Encourage more students to pursue careers in STEM Fields related to health innovation an assist them on their journey.

2) Support Arizona-based life science entrepreneurs in commercializing life science discoveries that can become health innovations.

3) Provide early-stage, mission related investments that support the commercialization of future health innovations.

Goal 3 - Good Health & Well-being - We support Arizona health innovators who are working on vaccines and other treatments that can have a global impact on both disease and on reducing healthcare costs.

Goal 4 - Quality Education - Our AZAdvances Talent program includes paid internship opportunities for students so as they explore future career choices.

Goal 8 - Economic Growth - Our goal is to double the health impact and economic impact of Arizona's health innovation sector by 2033.

Goal 9 - Industry and Innovation Infrastructure -By leveraging the scientific research within our Arizona based universities and institutes, we are supporting the translation of their discoveries into products and services that can impact the lives of people in Arizona and around the world.

While our organization is small, our partnerships are powerful. Examples include:

1) Resource Support from the Arizona Bioindustry Association (AZBio) and the ability to work with their 280 member companies to build workforce and entrepreneurial solutions.

2) In 2022, OTEF was selected and contracted to be the non profit that will receive distributions from the Arizona Health Innovation Trust Fund that was established under Arizona Revised Statutes 41-177 (https://www.azleg.gov/ars/41/00177.htm) to perform the workforce development and entrepreneurial support outlined in the statute.

In 2022 we accomplished the following:

1) Continued to support our students through the AZAdvances Talent Program. the program has supported 1,400 students to date with programs including opportunities to connect with industry leaders, merit based scholarships, and paid internships.

2) Selected by the State Board of Investment to be Arizona's partner in delivering the programmatic impacts from the Arizona Health Innovation Trust.

3) Funding raised in 2022 also supports our planned 2023 mission related investments.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.

  • How is your organization using feedback from the people you serve?

    To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Opportunity Through Entrepreneurship Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Opportunity Through Entrepreneurship Foundation

Board of directors
as of 10/14/2023
SOURCE: Self-reported by organization
Board chair

Joan Koerber-Walker

Arizona Bioindustry Association (AZBio) and CorePurpose, Inc.

Term: 2006 -

Rob Dunaway

Dunaway Law

Ed Nusbaum

Stealthmode Partners

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 10/8/2023
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.