Opus Foundation
- Assets
- $114.6m
- Revenue
- $2.9m
- Investments
- $109.7m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 41-1983284
Organization Overview
Opus Foundation is located in Minneapolis, MN. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opus 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 12/2022, Opus Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Opus Foundation has awarded 695 individual grants totaling $15,461,816. 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 |
|---|---|---|---|
Matt Rauenhorst President/chair | 1 | $0 | |
Kristin Ridley Vice President/executive Director | 40 | $221,267 | |
Kate Seng 122 - 922 Vice President | 6 | $29,397 | |
Kim Noonan Treasurer/secretary | 1 | $0 | |
Kristen Grubb Tax Officer | 10 | $35,535 | |
Joe Downs Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,607,848 |
| Interest on Savings | $70,089 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,762,729 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,799,228 |
| Total Revenue | $2,878,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $220,357 |
| Depreciation | $623 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,178 |
| Printing and publications | $0 |
| Other expenses | $17,540 |
| Total operating and administrative expenses | $1,038,952 |
| Contributions, gifts, grants paid | $3,364,987 |
| Total expenses and disbursements | $4,403,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,700 |
| Savings and temporary cash investments | $2,968,666 |
| Net Accounts receivable | $1,250 |
| 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 | $3,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $109,657,294 |
| Net Land, buildings, and equipment | $1,247 |
| Other assets | $2,000,000 |
| Total assets | $114,637,157 |
| Accounts payable and accrued expenses | $267,756 |
| Grants payable | $1,656,460 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $138,084 |
| Total liabilities | $2,062,300 |
Grants Awarded
Over the last fiscal year, Opus Foundation has awarded $3,925,738 in support to 170 organizations.
| Grant Recipient | Amount |
|---|---|
A MOTHER'S LOVE INITIATIVE PURPOSE: GENERAL OPERATIONS | $5,000 |
ACADEMY OF HOLY ANGELS PURPOSE: SERVICE LEARNING PROGRAM | $5,000 |
ACE MENTOR PROGRAM OF COLORADO PURPOSE: ACE MENTOR PROGRAM | $5,000 |
AFRICAN AMERICAN LEADERSHIP FORUM PURPOSE: UNITED BY BLACK, POWERED BY ALL 2022 | $50,000 |
ANAWIM HOUSING INC PURPOSE: YOUTH HOMELESSNESS OPPORTUNITIES PROGRAM | $5,000 |
ARIS FOUNDATION PURPOSE: FOOD DISTRIBUTION PROGRAM | $5,000 |