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Nonprofiteer
← AMERICAN OPPORTUNITY FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN OPPORTUNITY FOUNDATION.

Totals

Total revenue
$167,340
Total expenses
$2,890,213
Contributions and grants received
$0
Grants paid
$2,890,000
Program service revenue
$0
Investment income
$167,340
Other revenue
$0
Total assets, end of year
$4,054,724
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,054,724
Program services expenses (Part IX)
$2,890,000
Management and general expenses
$213
Fundraising expenses
$0
Program service expenses (Part III)
$2,890,000

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PHILIP J KENNEDY

    PRESIDENT, TRUSTEE

    Total calculated
    $1,242,237
    From this org
    $0
    From related orgs
    $1,165,000
    Other
    $77,237
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,000 related
    Bonus
    $0 + $750,000 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $37,397 related
    Nontaxable benefits
    $0 + $39,840 related
    Filer's total
    $0 + $1,242,237 related

  • KATHRYN T WALKER

    VICE PRESIDENT, TRUSTEE

    Total calculated
    $459,815
    From this org
    $0
    From related orgs
    $400,000
    Other
    $59,815
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,000 related
    Bonus
    $0 + $125,000 related
    Other
    $0 + $15,000 related
    Deferred
    $0 + $37,397 related
    Nontaxable benefits
    $0 + $22,418 related
    Filer's total
    $0 + $459,815 related

  • ROBERT R DERRICK

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.2 + 0.2 related

  • WILLIAM F FISHER III

    TRUSTEE

    Total calculated
    $27,000
    From this org
    $0
    From related orgs
    $27,000
    Other
    $0
    Hours/week
    0.2 + 0.2 related

  • DOUGLAS TRIVERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • LAUREL TOLBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

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

None.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349314074

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