2024-05-07T14:25:28-07:00 2023-12-31 990EZ 2023-01-01 453092047 DAVIDS EDUCATIONAL OPPORTUNITY FUND INC DAVI 6084222270 5725 Bittersweet Place Madison WI 53705 Michael Byrd Treasurer 6084222270 2024-05-07 Michael Byrd 999009999 1 1 11 1 AAL2 2023 2023-04-26 12:10:37Z X https://davidsedfund.org X X 80709 X 78584 0 0 0 0 0 0 0 2125 1291 834 0 0 0 0 79418 58026 0 3600 18736 0 1842 4406 86610 -7192 37036 0 29844 37036 29844 0 0 0 0 37036 29844 0 0 37036 29844 David's Educational Opportunity Fund provides financial, educational, and mental and physical health support to a select number of students from poor families who live in Quito, Ecuador as they pursue higher education. David's Educational Opportunity Fund provides tuition payments, student expenses (internet, bus fare to and from classes, lunch expenses, materials), medical, dental, and vision coverage, family emergency funds, tutoring, and psychological counseling to selected students in higher education, both university and technical schools. Our students come from families with very limited economic resources, typically $5000 annual income. Without the help of DEOF, these students would not have the opportunity to develop their talents fully or contribute commensurately with their abilities to their communities and society. DEOF offers these students additional educational and emotional support because their previous educations are often of poor quality. Furthermore, they are typically the first members of their families to have the opportunity to study at this level. We maintain very regular contact with our students through Zoom to evaluate how they are doing in their classes and more generally in their lives. We aim to teach them to analyze carefully the problems they are encountering, and we work with them to develop ways to resolve them. Problems encountered include incidents of random violence, family violence or dysfunction, and robbery, as well as serious illness in family members and long-untreated vision and dental concerns. We are assisted in this by Ecuadorean allies, whom we have developed over the years, and increasingly, by our own students who have graduated from universities and technical schools. In 2023, we supported 17 active students. One graduated this year, in the field of finance. Five additional students are expected to graduate in 2024 in the fields of emergency technician services, early childhood education, elementary education, and teaching English as a Second Language. In addition, past graduates include an environmental engineer, two fashion designers, two computer scientists, a communications specialist, three accountants, one graduate in international business, an optometrist, a veterinarian, a cosmetologist, and a technical nurse. Current students include students studying law, psychology, teaching, early childhood education, nursing, social work, applied mathematics, and architecture. The cost of this program is very modest by the standards of the United States. On average, the cost per student is between $4000 and $5000 per year to support a student in a comprehensive way. Costs vary among students because of differences in tuition and the circumstances of the students and their families. Most students, when they begin to work with us, need a new computer adequate for their university studies. Much of the work of David's Fund is done gratis by the principal directors, Mike Byrd and Maggie Felker. So, more than 95% of our donations go directly to our students and to student-related direct services. We have an in-country director, Rubén Altamirano, who knows many of our students well and has a wide network of contacts in the Quito business community. We also work with Carolina Bustos, a clinical psychologist, who offers online counseling services to over 30% of our students at any given time. Our third support service is an organized group of tutors, Estudia Inteligente, which has provided extra academic help to our students in a variety of courses. We are very selective in our choice of students and are dedicated to the success and well-being of each one of them. While Ecuadorean university graduation rates are abysmal, certainly below 25% for poor people, we have lost only three students during our first 12 years of operation. So our success rate is over 90%. This attests to the quality of the young people in this program and the success of DEOF's model of comprehensive and personalized support. 58026 X 22336 22336 Margaret Felker President 25 0 0 0 Rachel Byrd Felker Vice President 0.25 0 0 0 Michael Byrd Treasurer 20 0 0 0 Mary Joy O'Meara Board Member 25 0 0 0 Lee Ann Wiensch Board Member 0.25 0 0 0 Marc Vallone Board Member 2 0 0 0 Elizabeth Gaus Board Member 0.25 0 0 0 Caitlin McGuire Board Member 2.0 0 0 0 Gabriela Lima Board Member 0.25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WI Michael Byrd 5725 Bittersweet Place Madison WI 53705 6084222270 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 59607 79329 75369 76481 78584 369370 6244 0 2067 1645 2125 12081 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65851 79329 77436 78126 80709 381451 24000 25900 24500 19000 13000 106400 10000 14750 10000 17240 25000 76990 34000 40650 34500 36240 38000 183390 198061 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65851 79329 77436 78126 80709 381451 0.51923 0.49038 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 10 1. Adriana Vimos $6643.96. Adriana studies Psychology at a private university with tuition of approximately $1800 per semester. She has had a number of significant health and dental problems. 2. Juanita Alulema $6340.99. Juanita studies Law at a private university with tuition of approximately $2000 per semester. Additionally, she has had health problems, and her family situation is unstable and she needs support for some basic needs. 3. Billy Cruz $5234.98/ Billy studies Architecture at a private university with a tuition of approximately $1900 per semester. The Foundation has provided additional funds for the materials that he needs in his specialty, as well as internet service at his home. Form 990-EZ, Part I, Line 12 Salaries. David's Fund decided to hire Ruben Altamirano as its in-country director, starting October 1, 2023, at the salary of $1200 per month. Ruben's work is invaluable; he meets regularly in person with students, provides workshops for them in many areas, such as leadership and public speaking, and works to find alliances in the business community for apprenticeships and jobs for our students. Form 990-EZ, Part I, Line 13 Payments and Fees to independent contractors. 1. Ruben Altamirano $4550. Before hiring Ruben as in-country director, David's Fund employed him as an hourly independent contractor at $13 per hour. He met with students to discuss problems in person and via Zoom and worked to form alliances in the business community to provide apprenticeships and jobs. 2. Carolina Bustos $7600. She is a clinical psychologist who meets with students who face mental health challenges, such as family violence, alcoholism in the family, and the death of a loved one. 3. Estudia Inteligente $4246. This is a professional tutoring service that provides educational assistance to our students. 4. Angelica Bedon $1064. She is a graduate in clinical psychology who has worked as a mentor for our newest group of students. 5. Flor Chicaiza and Nancy Chavez $1276. They are professional accountants in Ecuador who review our students' budgets and receipts. Form 990-EZ, Part I, Line 16 1. Three airline tickets, 2 round trip from Chicago to Quito, and one round trip from Quito to Chicago. These trips by the directors of David's Fund maintain on-the-ground contact with our students. The trip from Quito to Chicago was by our in-country director to speak with our major donors in the United States. Cost: $2962.48. 2. Events in Ecuador where students and graduates of David's Fund meet with the directors and our in-country allies. $1443.43.