Apollo Opportunity Foundation
- Assets
- $147.3m
- Revenue
- $14.4m
- Investments
- $101.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-4097394
Organization Overview
Apollo Opportunity Foundation is located in New York, NY. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Apollo 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, Apollo Opportunity Foundation generated $14.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (51.5%) each year.
Since 2022, Apollo Opportunity Foundation has awarded 35 individual grants totaling $8,406,562. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Rowan Chair Of The Board Of Directors | 0.5 | $0 | |
James Zelter Director | 0.5 | $0 | |
Scott Kleinman Director | 0.5 | $0 | |
Lauren Coape-Arnold Executive Director | 10 | $0 | |
Shari Verschell Secretary | 2 | $0 | |
Kristy Kinahan Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,961,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,443,825 |
| Capital Gain Net Income | $10,443,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,405,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $242,553 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $674,192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,963 |
| Printing and publications | $41,600 |
| Other expenses | $74,525 |
| Total operating and administrative expenses | $1,153,723 |
| Contributions, gifts, grants paid | $7,427,562 |
| Total expenses and disbursements | $8,581,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,085 |
| Savings and temporary cash investments | $21,443,547 |
| Net Accounts receivable | $401,983 |
| 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 | $23,117,100 |
| Total assets | $147,337,152 |
| Accounts payable and accrued expenses | $307,917 |
| 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 | $497,692 |
| Total liabilities | $805,609 |
Grants Awarded
Over the last fiscal year, Apollo Opportunity Foundation has awarded $7,302,562 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
HARLEM LACROSSE PURPOSE: GENERAL OPERATING | $25,000 |
UCONN FOUNDATION PURPOSE: GENERAL OPERATING | $25,000 |
UNITED WAY OF CENTRAL IOWA PURPOSE: GENERAL OPERATING | $50,000 |
UNITED JEWISH FEDERATION PURPOSE: GENERAL OPERATING | $1,000,000 |
THE CARVER PURPOSE: GENERAL OPERATING | $20,000 |
CAREER GIRLS PURPOSE: GENERAL OPERATING | $30,000 |