American Opportunity Foundation
- Assets
- $55.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/1985
- Data as of
- 12/2022
- EIN
- 82-0798057
Organization Overview
American Opportunity Foundation is located in Atlanta, GA. The organization was established in 1985. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Opportunity 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, American Opportunity Foundation generated $21.7k 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 (7.6%) each year. All expenses for the organization totaled $22.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
GENERAL PARTNERSHIP INTEREST IN A PARTNERSHIP THAT PROVIDES 151 AFFORDABLE HOUSING UNITS TO LOW-INCOME, ELDERLY AND/OR TOTALLY DISABLED PERSONS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip J Kennedy President, Trustee | 0.1 | $0 | |
Robert R Derrick Trustee | 0.1 | $0 | |
William F Fisher III Trustee | 0.1 | $0 | |
Kathryn T Walker Vice President, Trustee | 0.1 | $0 | |
Douglas Trivers Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $21,744 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,744 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,924 |
| Total expenses | $22,924 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,110 |
| Other assets | $0 |
| Total assets | $55,386 |
| Total liabilities | $54,628 |
| Net assets or fund balances | $758 |