Form 990 for tax year 2023
Filed by OPPORTUNITY ARKANSAS FOUNDATION.
Totals
- Total revenue
- $841,631
- Total expenses
- $514,017
- Contributions and grants received
- $841,566
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $65
- Other revenue
- $0
- Total assets, end of year
- $347,081
- Total liabilities, end of year
- $142
- Net assets or fund balances, end of year
- $346,939
- Program services expenses (Part IX)
- $291,167
- Management and general expenses
- $82,710
- Fundraising expenses
- $140,140
- Program service expenses (Part III)
- $291,167
Program services were 56.6% 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
$841,566
-
3 · Investment income
total $65 · excluded $65
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $234,792 · program services $127,765 · management and general $28,073 · fundraising $78,954
-
10 · Payroll taxes
total $14,077 · program services $7,660 · management and general $1,683 · fundraising $4,734
-
11a · Fees: management
total $109,304 · program services $80,336 · management and general $6,525 · fundraising $22,443
-
11b · Fees: legal
total $3,156 · management and general $3,156
-
11c · Fees: accounting
total $4,095 · management and general $4,095
-
11g · Fees: other
total $35,197 · program services $35,197
-
12 · Advertising and promotion
total $33,810 · program services $14,727 · management and general $5,015 · fundraising $14,068
-
13 · Office expenses
total $18,572 · program services $908 · management and general $16,436 · fundraising $1,228
-
14 · Information technology
total $8,375 · program services $1,921 · management and general $904 · fundraising $5,550
-
16 · Occupancy
total $16,430 · management and general $16,430
-
17 · Travel
total $15,132 · program services $12,105 · fundraising $3,027
-
19 · Conferences, conventions and meetings
total $14,044 · program services $10,548 · management and general $67 · fundraising $3,429
-
22 · Depreciation, depletion and amortization
total $326 · management and general $326
-
24a · Other expenses: DIRECT MAIL
total $6,707 · fundraising $6,707
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,325 · end of year $345,129
-
10a · Land, buildings and equipment: cost or other basis
$2,278
-
10b · Land, buildings and equipment: accumulated depreciation
$326
-
10c · Land, buildings and equipment, net
end of year $1,952
-
25 · Other liabilities
end of year $142
-
27 · Net assets without donor restrictions
beginning of year $19,325 · end of year $346,939
Mission and programs · 2023
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 $291,167 · Revenue $550,533
As filed on the 2023 return.
Listed in Part VII
-
Nicholas H HortonNICHOLAS H HORTON
CEO
- Total calculated
- $220,942
- From this org
- $212,942
- From related orgs
- $8,000
- Other
- $0
- Hours/week
- 40
-
Leah BullLEAH BULL
OPERATIONS DIRECTOR
- Total calculated
- $21,850
- From this org
- $21,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
David FortDAVID FORT
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 0.25
-
Joseph WoodJOSEPH WOOD
BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 0.25
-
Christian OlsonCHRISTIAN OLSON
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 0.25
-
Betty J StrongBETTY J STRONG
BOARD OF TRUSTEES
- 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.
Schedule J
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Nicholas H Horton BoardNICHOLAS H HORTON BOARD
CEO
Schedule J breakdown
- Base
- $212,942 + $8,000 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $212,942 + $8,000 related
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
- 2023
- Filed
- 12 March 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402849349300235
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