American Opportunity Foundation Inc

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.

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)Compensation
Philip J Kennedy
President, Trustee
$515,000
Kathryn Walker
Vice President, Secretary
$315,000
Alan Ferguson
Senior Vice President
$45,833
William P Fisher III
Trustee
$27,000
Robert R Derrick
Trustee
$15,000
Jack T Hammer
Trustee
$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

Grants Awarded

Over the last fiscal year, American Opportunity Foundation Inc has awarded $254,668 in support to 8 organizations.

Grant RecipientAmount

BIG BROTHERS BIG SISTERS OF METRO ATLANTA INC

Org PageRecipient Profile

Atlanta, GA

PURPOSE: ONE ON ONE MENTORSHIP

$100,000

KENNESAW STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Kennesaw, GA

PURPOSE: EMERGENCY HOUSING FOR HOMELESS STUDENTS, SCHOLARSHIPS & COMPUTERS

$54,168

WARRICK DUNN CHARITIES INC

Org PageRecipient Profile

Decatur, GA

PURPOSE: SCHOLARSHIPS FOR DISADVANTAGED STUDENTS

$45,000

Atlanta, GA

PURPOSE: TO ASSIST THOSE WITH MENTAL ILLNESSES

$15,000

THE DRAKE HOUSE INC

Org PageRecipient Profile

Roswell, GA

PURPOSE: HOUSING FOR HOMELESS SINGLE MOTHERS AND THEIR CHILDREN

$15,000

THE POWER OF GIRLS INC

PURPOSE: MENTORSHIP OF GIRLS

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that American Opportunity Foundation Inc has recieved totaling $970,000.

Awarding OrganizationAmount
American Opportunity Foundation

Huntington Beach, CA

PURPOSE: SUPPORT OF MODERATE-TO-LOW INCOME HOUSING FOR FAMILIES AND THE ELDERLY.

$970,000
View Grant Recipient Profile

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