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Nonprofiteer
← OPERATION BREAKTHROUGH FOUNDATION

Form 990 for tax year 2022

Filed by OPERATION BREAKTHROUGH FOUNDATION.

Totals

Total revenue
$564,955
Total expenses
$5,176
Contributions and grants received
$495,351
Grants paid
$0
Program service revenue
$0
Investment income
$69,604
Other revenue
$0
Total assets, end of year
$2,079,193
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,079,193
Program services expenses (Part IX)
$0
Management and general expenses
$5,176
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.

  • 1d · Related organizations

    $15,000

  • 1f · All other contributions, gifts and grants

    $480,351

  • 1g · Noncash contributions included above

    $163,345

  • 3 · Investment income

    total $41,213 · excluded $41,213

  • 7a · Gross sales of assets other than inventory

    securities $1,082,593

  • 7b · Less cost or other basis and sales expenses

    securities $1,054,202

  • 7c · Gain or loss

    securities $28,391

  • 7d · Net gain or loss

    total $28,391 · excluded $28,391

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $5,176 · management and general $5,176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $15,000

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $168,781

  • 11 · Investments: publicly traded securities

    beginning of year $1,516,367 · end of year $1,895,412

  • 28 · Net assets with donor restrictions

    beginning of year $1,516,367 · end of year $2,079,193

Mission and programs · 2022

Mission

OPERATION BREAKTHROUGH FOUNDATION SUPPORTS OPERATION BREAKTHROUGH INC BY PROVIDING LONG-TERM FINANCIAL STABILITY THROUGH MANAGEMENT OF THE ORGANIZATION'S ENDOWMENT.

Activities or mission (Part I)

SUPPORT OPERATION BREAKTHROUGH INC THROUGH MANAGEMENT OF THE ORGANIZATION'S ENDOWMENT

  • OPERATION BREAKTHROUGH FOUNDATION SUPPORTS OPERATION BREAKTHROUGH INC BY PROVIDING LONG-TERM FINANCIAL STABILITY THROUGH MANAGEMENT OF THE ORGANIZATION'S ENDOWMENT.OPERATION BREAKTHROUGH INC PROVIDES A SAFE, LOVING, AND EDUCATIONAL ENVIRONMENT FOR CHILDREN IN POVERTY AND EMPOWERS THEIR FAMILIES THROUGH ADVOCACY, EMERGENCY AID, AND EDUCATION.

As filed on the 2022 return.

Listed in Part VII

  • Beth Soukup

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Jamey Bertram

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Wendy Hill

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Smith Holland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Jolie Justus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Mary Esselman

    CEO

    Total calculated
    $207,994
    From this org
    $0
    From related orgs
    $200,139
    Other
    $7,855
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,139 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,855 related
    Filer's total
    $0 + $207,994 related

  • Kevin Boyer

    CFO/COO/TREASURER

    Total calculated
    $108,981
    From this org
    $0
    From related orgs
    $99,098
    Other
    $9,883
    Hours/week
    2 + 13 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

The filer's explanations (Part III)

PART I, LINE 3
FOUNDATION ACTIVITIES ARE CONDUCTED BY EMPLOYEES OF ITS SOLE MEMBER, OPERATION BREAKTHROUGH INC (OBI). OBI USES A COMPENSATION STUDY OR SURVEY TO DETERMINE THE COMPENSATION OF ITS OFFICERS. COMPENSATION IS APPROVED BY THE OBI BOARD.

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
12 September 2024
IRS schema version
2022v5.0
Source object
202412609349300761

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