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Nonprofiteer
← OPPORTUNITY ARKANSAS FOUNDATION

Form 990 for tax year 2024

Filed by OPPORTUNITY ARKANSAS FOUNDATION.

Totals

Total revenue
$622,859
Total expenses
$828,425
Contributions and grants received
$617,894
Grants paid
$0
Program service revenue
$3,100
Investment income
$345
Other revenue
$1,520
Total assets, end of year
$177,891
Total liabilities, end of year
$36,364
Net assets or fund balances, end of year
$141,527
Program services expenses (Part IX)
$559,616
Management and general expenses
$128,308
Fundraising expenses
$140,501
Program service expenses (Part III)
$559,616

Program services were 67.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $617,894

  • 2a · Program service revenue: POLICY SUMMIT

    total $3,100 · related or exempt $3,100

  • 3 · Investment income

    total $345 · excluded $345

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: POLICY SUMMIT SPONSORS

    total $1,520 · unrelated business $1,520

  • 11e · Other revenue, total

    $1,520

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $208,758 · program services $150,954 · management and general $21,789 · fundraising $36,015

  • 7 · Other salaries and wages

    total $52,014 · program services $37,611 · management and general $5,429 · fundraising $8,974

  • 8 · Pension plan contributions

    total $4,912 · program services $3,717 · management and general $424 · fundraising $771

  • 9 · Other employee benefits

    total $31,557 · program services $21,786 · management and general $4,735 · fundraising $5,036

  • 10 · Payroll taxes

    total $29,382 · program services $20,907 · management and general $3,287 · fundraising $5,188

  • 11b · Fees: legal

    total $13,838 · management and general $13,838

  • 11c · Fees: accounting

    total $24,486 · management and general $24,486

  • 11g · Fees: other

    total $7,759 · program services $1,347 · management and general $3,529 · fundraising $2,883

  • 12 · Advertising and promotion

    total $3,037 · program services $128 · management and general $2,252 · fundraising $657

  • 13 · Office expenses

    total $16,505 · program services $843 · management and general $11,918 · fundraising $3,744

  • 14 · Information technology

    total $17,499 · program services $3,055 · management and general $5,310 · fundraising $9,134

  • 16 · Occupancy

    total $18,973 · management and general $18,973

  • 17 · Travel

    total $34,346 · program services $27,317 · management and general $6,330 · fundraising $699

  • 19 · Conferences, conventions and meetings

    total $70,091 · program services $68,591 · fundraising $1,500

  • 22 · Depreciation, depletion and amortization

    total $325 · management and general $325

  • 23 · Insurance

    total $660 · management and general $660

  • 24a · Other expenses: DIRECT MAIL

    total $48,621 · fundraising $48,621

  • 24b · Other expenses: RESEARCH

    total $51,834 · program services $46,339 · fundraising $5,495

  • 24c · Other expenses: POLLING

    total $33,731 · program services $33,731

  • 24d · Other expenses: COMMUNICATIONS

    total $152,456 · program services $143,000 · management and general $4,149 · fundraising $5,307

  • 24e · All other expenses

    total $7,641 · program services $290 · management and general $874 · fundraising $6,477

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345,129 · end of year $164,142

  • 4 · Accounts receivable

    end of year $8,820

  • 9 · Prepaid expenses and deferred charges

    end of year $3,302

  • 10a · Land, buildings and equipment: cost or other basis

    $2,278

  • 10b · Land, buildings and equipment: accumulated depreciation

    $651

  • 10c · Land, buildings and equipment, net

    beginning of year $1,952 · end of year $1,627

  • 17 · Accounts payable and accrued expenses

    end of year $20,659

  • 24 · Unsecured notes and loans payable

    end of year $5,978

  • 25 · Other liabilities

    beginning of year $142 · end of year $9,727

  • 27 · Net assets without donor restrictions

    beginning of year $346,939 · end of year $141,527

Mission and programs · 2024

Mission

RENEWING THE LAND OF OPPORTUNITY BY SIMPLIFYING GOVERNMENT AND SOLVING GENERATIONAL PROBLEMS FOR THE NEXT GENERATION.

  • ACTIVITIES AND PROGRAMS FOCUSED ON RESEARCH IN ORDER TO EDUCATE THE PUBLIC CONCERNING PUBLIC POLICY ISSUES IN ARKANSAS THAT RELATE TO OUR MISSION OF SIMPLIFYNG GOVERNMENT AND SOLVING GENERATIONAL PROBLEMS.

    Expenses $559,616 · Revenue $3,100

As filed on the 2024 return.

Listed in Part VII

  • Nicholas H Horton

    DIRECTOR

    Total calculated
    $211,003
    From this org
    $208,758
    From related orgs
    $0
    Other
    $2,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    $10,000
    Other
    $28,758
    Deferred
    $2,245
    Nontaxable benefits
    not reported
    Filer's total
    $211,003

  • Betty J Strong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • David Fort

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Joseph Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
27 March 2025
IRS schema version
2024v5.2
Source object
202523219349303837

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