American Opportunity Foundation Inc
- Assets
- $36.5m
- Revenue
- $25.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Atlanta, GA
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 58-1533966
Organization Overview
American Opportunity Foundation Inc is located in Atlanta, GA. The organization was established in 1985. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, American Opportunity Foundation Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Opportunity Foundation Inc 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 12/2021, American Opportunity Foundation Inc generated $25.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 13.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Opportunity Foundation Inc has awarded 28 individual grants totaling $1,774,161. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OWNING AND SUPPORTING HOUSING FOR MODERATE-TO-LOW INCOME FAMILIES AND THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBTAINING FINANCING FOR AND ACQUIRING MULTIFAMILY LOW-INCOME HOUSING AND SUPPORTING THEIR OPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip J Kennedy President, Trustee | OfficerTrustee | 35 | $515,000 |
Kathryn Walker Vice President, Secretary | OfficerTrustee | 35 | $315,000 |
Alan Ferguson Senior Vice President | Officer | 40 | $45,833 |
William P Fisher III Trustee | Trustee | 0.2 | $27,000 |
Robert R Derrick Trustee | Trustee | 0.2 | $15,000 |
Jack T Hammer Trustee | Trustee | 0.2 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $24,168,455 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,168,455 |
| Total Program Service Revenue | $547,831 |
| Investment income | $153,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,080,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,418 |
| Grants and other assistance to domestic individuals. | $7,043 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,588,631 |
| Compensation of current officers, directors, key employees. | $191,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,000 |
| Fees for services: Other | $119,558 |
| Advertising and promotion | $0 |
| Office expenses | $15,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,503 |
| Travel | $16,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,545 |
| Interest | $101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,671 |
| Insurance | $12,429 |
| All other expenses | $1,387 |
| Total functional expenses | $2,263,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,859 |
| Savings and temporary cash investments | $25,088,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $725,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $830,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,545 |
| Net Land, buildings, and equipment | $26,355 |
| Investments—publicly traded securities | $9,455,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,199 |
| Total assets | $36,469,989 |
| Accounts payable and accrued expenses | $870,080 |
| Grants payable | $0 |
| Deferred revenue | $61,252 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $931,332 |
| Net assets without donor restrictions | $35,538,657 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,469,989 |
Grants Awarded
Over the last fiscal year, American Opportunity Foundation Inc has awarded $254,668 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: ONE ON ONE MENTORSHIP | $100,000 |
Kennesaw, GA PURPOSE: EMERGENCY HOUSING FOR HOMELESS STUDENTS, SCHOLARSHIPS & COMPUTERS | $54,168 |
Decatur, GA PURPOSE: SCHOLARSHIPS FOR DISADVANTAGED STUDENTS | $45,000 |
Roswell, GA PURPOSE: HOUSING FOR HOMELESS SINGLE MOTHERS AND THEIR CHILDREN | $15,000 |
Atlanta, GA PURPOSE: TO ASSIST THOSE WITH MENTAL ILLNESSES | $15,000 |
Roswell, GA PURPOSE: PROVIDING BEDS TO UNDERPRIVILEDGE CHILDREN | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Opportunity Foundation Inc has recieved totaling $970,000.
| Awarding Organization | Amount |
|---|---|
American Opportunity Foundation Huntington Beach, CA PURPOSE: SUPPORT OF MODERATE-TO-LOW INCOME HOUSING FOR FAMILIES AND THE ELDERLY. | $970,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Housing And Community Development Barnwell, SC | $15,553,642 | $5,568,906 |
Habitat For Humanity International Inc Vero Beach, FL | $18,200,555 | $5,583,419 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
Barnabas Center Incorporated Fernandina Beach, FL | $4,852,073 | $5,681,284 |
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |
Safety Shelter Of St Johns County Inc St Augustine, FL | $5,028,169 | $4,409,853 |
Habitat For Humanity International Inc Delray Beach, FL | $9,929,899 | $4,411,611 |
Invest In Americas Veterans Foundation Louisiana Inc Jacksonville Beach, FL | $64,144,983 | $3,808,573 |
Fairview Housing Management Johnson City, TN | $5,768,830 | $3,674,479 |
Habitat For Humanity International Inc Crystal River, FL | $9,902,038 | $4,338,444 |
Stones River Development Corporation Murfreesboro, TN | $15,999,619 | $139,146 |