Opalack Foundation
- Assets
- $1.7m
- Revenue
- $32.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 22-3888369
Organization Overview
Opalack Foundation is located in Washington, DC. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opalack Foundation 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 12/2022, Opalack Foundation generated $32.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $137.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Opalack Foundation has awarded 36 individual grants totaling $213,950. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,952 |
| Dividends & Interest | $66,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$54,991 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,524 |
| Total Revenue | $32,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $51,574 |
| Taxes | $3,125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,396 |
| Total operating and administrative expenses | $73,225 |
| Contributions, gifts, grants paid | $63,950 |
| Total expenses and disbursements | $137,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $1,738,975 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,738,975 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,246,988 |
| Total liabilities | $1,246,988 |
Grants Awarded
Over the last fiscal year, Opalack Foundation has awarded $63,950 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DUMBARTON OAKS HISTORICAL SOCIETY PURPOSE: GENERAL USE | $500 |
DUPONT SACRED HEART PURPOSE: GENERAL USE | $24,000 |
HALCYON HOUSE PURPOSE: GENERAL USE | $1,000 |
HISTORIC ST MARY'S CITY FND PURPOSE: GENERAL USE | $2,000 |
INNER CITY - INNER CHILD PURPOSE: GENERAL PURPOSE | $6,000 |
POCONO VFD PURPOSE: GENERAL USE | $1,000 |