Form 990 for tax year 2022
Filed by WEST END OPPORTUNITY PARTNERSHIP.
Totals
- Total revenue
- $25,641,095
- Total expenses
- $194,417
- Contributions and grants received
- $25,640,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,095
- Other revenue
- $0
- Total assets, end of year
- $30,077,345
- Total liabilities, end of year
- $4,519,940
- Net assets or fund balances, end of year
- $25,557,405
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $194,417
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1e · Government grants (contributions)
$20,000,000
-
1f · All other contributions, gifts and grants
$5,640,000
-
3 · Investment income
total $1,095
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $150,000 · management and general $150,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $18,207 · management and general $18,207
-
11c · Fees: accounting
total $291 · management and general $291
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $962 · management and general $962
-
13 · Office expenses
total $3,320 · management and general $3,320
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,000 · management and general $12,000
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $4,078 · management and general $4,078
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,559 · management and general $5,559
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $68,061 · end of year $30,060,670
-
4 · Accounts receivable
beginning of year $50,000
-
9 · Prepaid expenses and deferred charges
end of year $16,675
-
17 · Accounts payable and accrued expenses
beginning of year $7,334 · end of year $19,940
-
25 · Other liabilities
end of year $4,500,000
-
31 · Retained earnings, endowment or other funds
beginning of year $110,727 · end of year $25,557,405
Mission and programs · 2022
Mission
To provide opportunities for Financial Empowerment and Generational Wealth in the communities of West Louisville, that includes homeownership, home improvements, business financing and support and other areas as determined by the board through community input, utilizing funds provided by the Tax revenues collected in the development area.
Activities or mission (Part I)
Manage the proceeds provided by the Tax Incremental Financing district of West Louisville.
-
Grant funds provided by the Commonwealth of Kentucky and Louisville Metro Government as initial funding source for programs.
Grants $25,640,000
As filed on the 2022 return.
Listed in Part VII
-
Laura Douglas
Interim President CEO
- Total calculated
- $75,000
- From this org
- $75,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Rita Phillips
Interi Exe. Administrator
- Total calculated
- $75,000
- From this org
- $75,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
J Michael Brown
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Douglas Craddock Jr
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jeana Dunlap
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Hancock
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David James
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gaberiel Jones Jr
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David Kaplan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mary Milliner
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Aleshia Burns
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Neagle
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Khristopher Romaine
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Desmond Smith Jr
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
William Summers V
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Dawn Wade
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Gerina Whethers
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Gary Williams
Board Member
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321949349300247
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