Opportunity Foundation
- Assets
- $671.8k
- Revenue
- $375.2k
- Investments
- $556.0k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1993
- Data as of
- 12/2023
- EIN
- 36-3835681
Organization Overview
Opportunity Foundation is located in Chicago, IL. The organization was established in 1993. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Opportunity Foundation generated $375.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $800.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Opportunity Foundation has awarded 70 individual grants totaling $2,665,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Cullen President/treasurer | 1 | $0 | |
Mary C Muehlstein Vice President/secretary | 1 | $0 | |
Sherise Ritter Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,951 |
| Dividends & Interest | $34,244 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $333,980 |
| Capital Gain Net Income | $333,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $375,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,072 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,513 |
| Contributions, gifts, grants paid | $789,000 |
| Total expenses and disbursements | $800,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,772 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $671,819 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Opportunity Foundation has awarded $789,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COUNCIL ON SCIENCE AND HEALTH PURPOSE: GENERAL FUND | $1,000 |
CATO INSTITUTE PURPOSE: SPHERE PROJECT | $320,000 |
INSTITUTE FOR JUSTICE PURPOSE: RATIONAL BASIS STRATEGY | $465,000 |
PRINCETON FIRST AID AND RESCUE SQUAD PURPOSE: GENERAL FUND | $1,000 |
PROGRAM FOR EARLY PARENT SUPPORT PURPOSE: GENERAL FUND | $2,000 |