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Nonprofit · EIN 58-1533966

AMERICAN OPPORTUNITY FOUNDATION INC

Tax-exempt · ATLANTA, GA 30339

Financials

$8.5M$2.8M2023$5.7M$3.3M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN OPPORTUNITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,652,471$3,289,197$2,363,274$76,191,238$641,009$75,550,229
December 31, 2023990$8,507,656$2,835,972$5,671,684$71,992,207$376,318$71,615,889
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,626,800
Program service revenue
$970,964
Investment income
$3,054,707
Other revenue
$0

Expenses

Grants and similar amounts paid
$487,655
Compensation of officers, directors and key employees
$1,251,471
Salaries, compensation and benefits (total)
$1,310,375
Professional fundraising fees
$0
Accounting fees
$8,000
Occupancy
$32,268
Travel
$68,858
Depreciation
$5,666
Program services (functional)
$3,033,132
Management and general (functional)
$256,065

Balance sheet and other

Total assets, start of year
$71,992,207
Total assets, end of year
$76,191,238
Total liabilities, end of year
$641,009
Net assets, end of year
$75,550,229
Land, buildings and equipment
$6,814
Publicly traded securities
$69,192,530
Net assets without donor restrictions
$75,550,229
Gross receipts
$5,652,471
Employees
2
Volunteers
0
Year formed
1983
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PHILIP J KENNEDYPRESIDENT, TRUSTEE
Trustee or director, Officer
35$515,000$83,720
KATHRYN WALKERVICE PRESIDENT, SECRETARY
Trustee or director, Officer
35$380,000$63,415
WILLIAM P FISHER IIITRUSTEE
Trustee or director
0.2$25,000$0
ROBERT R DERRICKTRUSTEE
Trustee or director
0.2$15,000$0
JACK T HAMMERTRUSTEE
Trustee or director
0.2$15,000$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
PHILIP J KENNEDYPRESIDENT, TRUSTEE
Trustee or director, Officer
35$1,165,000$77,237
KATHRYN WALKERVICE PRESIDENT, SECRETARY
Trustee or director, Officer
35$400,000$59,815
WILLIAM P FISHER IIITRUSTEE
Trustee or director
0.2$27,000$0
ROBERT R DERRICKTRUSTEE
Trustee or director
0.2$15,000$0
JACK T HAMMERTRUSTEE
Trustee or director
0.2$15,000$0
ALAN FERGUSONSENIOR VICE PRESIDENT
Officer
40$0$0

Address and contacts

Address (IRS master file)
1000 PARKWOOD CIR SE STE 320, ATLANTA, GA 30339-2124
Principal officer (990 for 2024)
PHILIP KENNEDY, 1000 PARKWOOD CIRCLE SE SUITE 805, ATLANTA, GA 30339
Signed the 990
KATHRYN T WALKER, VICE PRESIDENT
Phone
(770) 937-0377
Return prepared by
CARTER & COMPANY CPAS LLC

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • OBTAINING FINANCING FOR AND ACQUIRING MULTIFAMILY LOW-INCOME HOUSING AND SUPPORTING THEIR OPERATION.
    Expenses $3,033,132 · grants $487,655 · revenue $970,964

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1533966
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Group exemption
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
7174 (12 member organizations)
Assets (IRS master file)
$76,191,238
Income (IRS master file)
$5,652,471

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,652,471$3,289,197$76,191,238XML
990December 2023$8,507,656$2,835,972$71,992,207XML
990December 2022$32,535,657$2,553,054$65,084,205IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1533966).

Questions about AMERICAN OPPORTUNITY FOUNDATION INC

What is the EIN of AMERICAN OPPORTUNITY FOUNDATION INC?
The employer identification number (EIN) of AMERICAN OPPORTUNITY FOUNDATION INC is 58-1533966.
Is AMERICAN OPPORTUNITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to AMERICAN OPPORTUNITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does AMERICAN OPPORTUNITY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMERICAN OPPORTUNITY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN OPPORTUNITY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AMERICAN OPPORTUNITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names PHILIP KENNEDY.
Who are the officers and directors of AMERICAN OPPORTUNITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $515,000 (PHILIP J KENNEDY, PRESIDENT, TRUSTEE).
How much revenue does AMERICAN OPPORTUNITY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,652,471, expenses of $3,289,197 and total assets of $76,191,238 at year end.

Organizations in its group exemption (12)

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