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← AMERICAN OPPORTUNITY FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN OPPORTUNITY FOUNDATION.

Totals

Total revenue
$4,354,441
Total expenses
$7,866,145
Contributions and grants received
$0
Grants paid
$10,000
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$7,630,423
Management and general expenses
$235,722
Fundraising expenses
$0
Program service expenses (Part III)
$7,630,423

Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PHILIP J KENNEDY

    PRESIDENT AND TREASURER

    Total calculated
    $1,242,237
    From this org
    $0
    From related orgs
    $1,165,000
    Other
    $77,237
    Hours/week
    2 + 40 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 WALKER

    VP AND SECRETARY

    Total calculated
    $459,815
    From this org
    $0
    From related orgs
    $400,000
    Other
    $59,815
    Hours/week
    5 + 40 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

  • WILLIAM FISHER III

    TRUSTEE

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

  • SARA FAY

    OFFICER

    Total calculated
    $324,435
    From this org
    $0
    From related orgs
    $274,375
    Other
    $50,060
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,375 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $34,160 related
    Nontaxable benefits
    $0 + $15,900 related
    Filer's total
    $0 + $324,435 related

  • ALAN FERGUSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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.

  • HERITAGE STATION FAMILY LLC

    AFFORDABLE HOUSING · GA · income $2,551,985 · assets $28,866,552

    Directly controlled by AOF GEORGIA AFFORDABLE HOUSING CORP

  • HERITAGE STATION SENIOR LLC

    AFFORDABLE HOUSING · GA · income $1,802,455 · assets $17,562,998

    Directly controlled by AOF GEORGIA AFFORDABLE HOUSING CORP

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443139349304464

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