Opus Prize Foundation
- Assets
- $37.0m
- Revenue
- $1.5m
- Investments
- $36.3m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 46-0434399
Organization Overview
Opus Prize Foundation is located in Sioux Falls, SD. The organization was established in 1994. 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 Prize 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, Opus Prize Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Opus Prize Foundation has awarded 61 individual grants totaling $5,876,500. 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 |
|---|---|---|---|
Michael Rauenhorst Chair/director | 1 | $0 | |
Kristine Rauenhorst Vice Chair/director | 1 | $0 | |
Tammy Crosby Vice President | 1.2 | $5,670 | |
Carol Slatter Vice President | 0.35 | $1,490 | |
Nat Robinson Treasurer/director | 1 | $0 | |
Judy Doerr Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,686 |
| Interest on Savings | $24,555 |
| Dividends & Interest | $468,683 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $288,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,046,600 |
| Total Revenue | $1,544,524 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $165,327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $50,039 |
| Printing and publications | $0 |
| Other expenses | $99,654 |
| Total operating and administrative expenses | $475,268 |
| Contributions, gifts, grants paid | $1,367,500 |
| Total expenses and disbursements | $1,842,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $677,295 |
| 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 | $36,299,261 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,976,556 |
| 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, Opus Prize Foundation has awarded $1,367,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL CANCER CARE & RESEARCH EXCELLENCE FOUNDATION INC PURPOSE: GENERAL OPERATIONS | $100,000 |
SANTA CLARA UNIVERSITY PURPOSE: HOSTING OPUS PRIZE CEREMONY | $87,500 |
SOCIETY FOR THE PROPAGATION OF THE FAITH PURPOSE: HOLY TRINITY PEACE VILLAGE | $1,000,000 |
TEAMLIFT INC PURPOSE: 67% GENERAL OPERATIONS AND 33% SCHOLARSHIPS FOR STUDENTS | $30,000 |
CATHOLIC PARTNERSHIP SCHOOLS PURPOSE: GENERAL OPERATIONS | $100,000 |
GRAY HOUSE PURPOSE: 50% GENERAL OPERATIONS AND 50% FOOD | $5,000 |