American Opportunity Foundation Inc

Organization Overview

American Opportunity Foundation Inc is located in Atlanta, GA. The organization was established in 1985. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, American Opportunity Foundation Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Opportunity Foundation Inc 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, American Opportunity Foundation Inc generated $32.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.1% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 13.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, American Opportunity Foundation Inc has awarded 33 individual grants totaling $2,230,220. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OWNING AND SUPPORTING HOUSING FOR MODERATE-TO-LOW INCOME FAMILIES AND THE ELDERLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OBTAINING FINANCING FOR AND ACQUIRING MULTIFAMILY LOW-INCOME HOUSING AND SUPPORTING THEIR OPERATION.


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Board, Officers & Key Employees

Name (title)Compensation
Philip J Kennedy
President, Trustee
$993,125
Robert R Derrick
Trustee
$0
William P Fisher III
Trustee
$0
Jack T Hammer
Trustee
$0
Kathryn Walker
Vice President, Secretary
$365,000
Alan Ferguson
Senior Vice President
$137,500

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$31,540,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$31,540,000
Total Program Service Revenue$410,337
Investment income $584,702
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $618
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,535,657

Grants Awarded

Over the last fiscal year, American Opportunity Foundation Inc has awarded $456,059 in support to 5 organizations.

Grant RecipientAmount

KENNESAW STATE UNIVERSITY FOUNDATION

PURPOSE: EMERGENCY HOUSING FOR HOMELESS STUDENTS, SCHOLARSHIPS & COMPUTERS

$351,059

WARRICK DUNN CHARITIES INC

PURPOSE: SCHOLARSHIPS FOR DISADVANTAGED STUDENTS

$65,000

CHILDREN WITHOUT BEDS CORP

PURPOSE: PROVIDING BEDS TO UNDERPRIVILEDGE CHILDREN

$10,000

GEORGE HUGHES FOUNDATION

PURPOSE: AWARD SCHOLARSHIPS TO HIGH SCHOOL SENIORS FROM THE NORTH METRO-ATLANTA AREA

$10,000

NAMI GEORGIA

PURPOSE: TO ASSIST THOSE WITH MENTAL ILLNESSES

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
Distinctive Health Solutions Inc
Brunswick, GA
$17,716,603
Habitat For Humanity International Inc
Vero Beach, FL
$10,197,041
Patriot Services Group Louisiana Inc
Jacksonville, FL
$5,658,025
Southeastern Housing And Community Development
Barnwell, SC
$6,395,815
Housing Collaborative
Charlotte, NC
$5,684,756
Habitat For Humanity International Inc
Franklin, TN
$4,183,390
Barnabas Center Incorporated
Fernandina Beach, FL
$6,294,746
Safety Shelter Of St Johns County Inc
St Augustine, FL
$5,111,993
Student Housing Of America Inc
Atlanta, GA
$4,459,972
Fairview Housing Management
Johnson City, TN
$6,062,934
Habitat For Humanity International Inc
Crystal River, FL
$5,459,860
Habitat For Humanity International Inc
Summerville, SC
$3,841,967
Habitat For Humanity International Inc
Fort Pierce, FL
$3,061,035
Habitat For Humanity International Inc
Delray Beach, FL
$3,194,596
Community Action Of Etowah County Inc
Gadsden, AL
$2,831,882
American Opportunity Foundation Inc
Atlanta, GA
$32,535,657
Florida Keys Outreach Coalition Inc
Key West, FL
$2,239,204
Habitat For Humanity International Inc
Summerdale, AL
$1,566,793
Housing And Education Alliance Inc
Tampa, FL
$2,532,219
Humanities Foundation Inc
Charleston, SC
$3,953,328
Habitat For Humanity International Inc
Bunnell, FL
$2,167,093
Genesis Residential
Gadsden, AL
$1,952,354
Habitat For Humanity International Inc
Waynesville, NC
$1,995,205
Partnership In Housing Inc
Bonita Springs, FL
$1,171,265
The Community Housing Trust
Sarasota, FL
$0

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