Foundation For A Greater Opportunity
- Assets
- $149.5m
- Revenue
- $25.7m
- Investments
- $89.7m
- Employees
- 2
- Location
- Sunny Isles Beach, FL
- Founding
- 03/1997
- Data as of
- 12/2020
- EIN
- 13-3913393
Organization Overview
Foundation For A Greater Opportunity is located in Sunny Isles Beach, FL. The organization was established in 1997. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Foundation For A Greater Opportunity employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For A Greater Opportunity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Foundation For A Greater Opportunity generated $25.7m in total revenue. All expenses for the organization totaled $3.3m during the year ending 12/2020.
Since 2014, Foundation For A Greater Opportunity has awarded 40 individual grants totaling $5,613,974. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO STUDENTS, CHILDREN AND PARENTS, AND LOW-INCOME FAMILIES, TO ASSIST WITH EDUCATIONAL OPPORTUNITIES AND OTHER SERVICES LISTED IN PART III.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE RENOVATION AND RECONSTRUCTION OF A CHARTER SCHOOL FACILITY (PELHAM PARKWAY BUILDING) WHICH IS HOME TO SEVERAL CHARTER SCHOOLS. THE CONSTRUCTION PROJECT WAS COMPLETED IN SEPTEMBER 2016.
SUPPORT FOR UNDERPRIVILEGED STUDENTS AT CHOATE ROSEMARY HALL LOCATED IN WALLINGFORD, CONNECTICUT.
SUPPORT THE WORK OF THE GLOBAL POLIO ERADICATION INITIATIVE IN ITS MISSION TO ERADICATE POLIO BY 2018.
EDUCATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Gordon Secretary | 1 | $0 | |
Irene March Vp, Treasurer | 1 | $0 | |
Jesse Lynn VP Of Disregarded Entity | 1 | $0 | |
Gail Golden-Icahn Vp, Director | 1 | $0 | |
Rowella Asuncion-Gumabong Vp, Treasurer | 1 | $0 | |
Carl C Icahn President, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,433,512 |
| Interest on Savings | $439,852 |
| Dividends & Interest | $34,184 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$228,226 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,000 |
| Total Revenue | $25,729,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,000 |
| Depreciation | $144,920 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,695 |
| Total operating and administrative expenses | $212,136 |
| Contributions, gifts, grants paid | $3,077,000 |
| Total expenses and disbursements | $3,289,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,088 |
| Savings and temporary cash investments | $59,540,804 |
| Net Accounts receivable | $16,667 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $89,725,446 |
| Net Land, buildings, and equipment | $9,564 |
| Other assets | $16 |
| Total assets | $149,453,585 |
| Accounts payable and accrued expenses | $2,310 |
| Grants payable | $45,765 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,075 |
Grants Awarded
Over the last fiscal year, Foundation For A Greater Opportunity has awarded $339,450 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Atlantic City, NJ PURPOSE: GENERAL SUPPORT | $175,000 |
NEW YORK UNIVERSITY PURPOSE: EDUCATION PROGRAMS | $50,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Bronx, NY PURPOSE: SCHOLARSHIP | $20,000 |
Bronx, NY PURPOSE: SCHOLARSHIP | $10,000 |
Southampton, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation For A Greater Opportunity has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: HUMAN SERVICES | $200,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: HUMAN SERVICES | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burger King Mclamore Foundation Inc Miami, FL | $34,345,730 | $7,130,405 |
Foundation For A Greater Opportunity Sunny Isles Beach, FL | $149,453,585 | $25,729,322 |
Foundation For Foster Children Inc Winter Park, FL | $2,698,652 | $3,146,058 |
Ldg & Lpr Charitable Foundation Jupiter, FL | $11,202,189 | $2,184,628 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Boca West Community Charitable Foundation Inc Boca Raton, FL | $673,816 | $1,556,875 |
Jeep Beach Inc Ormond Beach, FL | $246,764 | $1,454,805 |
The Arc Tampa Bay Foundation Inc Clearwater, FL | $19,764,393 | $4,465,884 |
Glenridge Charitable Foundation Inc Jacksonville, FL | $125,452 | $997,663 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |
Jackson Emc Foundation Inc Jefferson, GA | $239,768 | $1,230,630 |
The@karl G Estes Foundation Jacksonville, FL | $3,330,988 | $3,813,042 |