Opportunity Village Foundation
- Assets
- $92.3m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 64
- Location
- Las Vegas, NV
- Founding
- 05/1996
- Data as of
- 06/2023
- EIN
- 88-0272831
Organization Overview
Opportunity Village Foundation is located in Las Vegas, NV. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Opportunity Village Foundation employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Village 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 06/2023, Opportunity Village Foundation generated $19.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $11.4m during the year ending 06/2023. While expenses have increased by 8.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPPORTUNITY VILLAGE FOUNDATION RAISES FUNDS THROUGH VARIOUS FUNDRAISING EFFORTS, SUCH AS, THE MAGICAL FOREST AND THE LAS VEGAS GREAT SANTA RUN. THESE FUNDS ARE USED TO SERVE PEOPLE OF NEVADA WITH INTELLECTUAL DISABILITIES BY ENHANCING THEIR LIVES AND THE LIVES OF THEIR FAMILIES. CAPITAL CAMPAIGNS ARE UNDERTAKEN TO PROVIDE THE FACILITIES AND ONGOING OPERATING DOLLARS FOR THESE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITY VILLAGE FOUNDATION PROVIDES MILLIONS OF DOLLARS EACH YEAR IN OPERATING SUBSIDIES FOR OPPORTUNITY VILLAGE THAT ENABLE OPPORTUNITY VILLAGE TO SERVE PEOPLE WITH INTELLECTUAL DISABILITIES BY PROVIDING VOCATIONAL TRAINING, COMMUNITY EMPLOYMENT, DAY SERVICES, ADVOCACY, AND ARTS AND SOCIAL RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Brown See Schedule O President & | Officer | 10 | $0 |
Stacy Ostrau VP Of Philan | Officer | 40 | $189,158 |
Cathy Hanna See Schedule O CFO | Officer | 10 | $0 |
West Allen Chairperson | OfficerTrustee | 2 | $0 |
Curt Anderson Member | Trustee | 0.5 | $0 |
John Cannito 2nd Vice Cha | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kga Architecture Construction | 6/29/16 | $267,414 |
Jma Architecture Studios Construction | 6/29/16 | $253,561 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,895,493 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,738,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,633,861 |
| Total Program Service Revenue | $0 |
| Investment income | $2,829,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,480,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,943,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,003,722 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,055 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,210,490 |
| Pension plan accruals and contributions | $3,998 |
| Other employee benefits | $100,294 |
| Payroll taxes | $88,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $306 |
| Fees for services: Accounting | $22,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,900 |
| Fees for services: Investment Management | $279,297 |
| Fees for services: Other | $256,063 |
| Advertising and promotion | $108,316 |
| Office expenses | $95,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,276 |
| Travel | $11,986 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,722 |
| Interest | $446,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,303 |
| Insurance | $135,394 |
| All other expenses | $0 |
| Total functional expenses | $11,409,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $662,819 |
| Savings and temporary cash investments | $14,203,874 |
| Pledges and grants receivable | $1,885,155 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $69,623 |
| Net Land, buildings, and equipment | $3,565,987 |
| Investments—publicly traded securities | $71,631,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $182,699 |
| Other assets | $60,219 |
| Total assets | $92,261,435 |
| Accounts payable and accrued expenses | $103,206 |
| Grants payable | $0 |
| Deferred revenue | $61,237 |
| Tax-exempt bond liabilities | $11,300,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,464,443 |
| Net assets without donor restrictions | $41,631,342 |
| Net assets with donor restrictions | $39,165,650 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $92,261,435 |