EIN 58-1533966

The American Opportunity Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
State
Year formed
1983
Most recent tax filings
2022-12-01
Description
The American Opportunity Foundation acquires financing and multifamily low-income housing, while also supporting their operation. Its mission is to own and support housing for moderate-to-low income families and the elderly in Atlanta, GA.
Related structure
The American Opportunity Foundation is a parent organization to a group of 14 other organizations.
Total revenues
$32,535,657
2022
Total expenses
$2,553,054
2022
Total assets
$65,084,205
2022
Num. employees
3
2022

Program areas at The American Opportunity Foundation

Obtaining financing for and acquiring multifamily low-income housing and supporting their operation.

Grants made by The American Opportunity Foundation

GranteeGrant descriptionAmount
Kennesaw State University (KSU)Emergency Housing for Homeless Students, Scholarships & Computers$351,059
Warrick Dunn CharitiesScholarships for Disadvantaged Students$65,000
NAMI GeorgiaTo Assist Those With Mental Illnesses$20,000
...and 2 more grants made

Who funds The American Opportunity Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Aofpacific Affordable Housing CorporationSupport of Moderate-To-Low Income Housing for Families and the Elderly.$240,000

Personnel at The American Opportunity Foundation

NameTitleCompensation
Philip J KennedyPresident , Trustee / President , Treasurer , Trus$993,125
Kathryn T WalkerVice President$365,000
Alan FergusonSenior Vice President$137,500
Thomas J NullVice President$0

Financials for The American Opportunity Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$31,540,000
Program services$410,337
Investment income and dividends$584,702
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$618
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$32,535,657

Form 990s for The American Opportunity Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-12990View PDF
2019-122021-03-31990View PDF
2018-122020-02-03990View PDF
...and 9 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $240,000 from Aofpacific Affordable Housing Corporation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelTax deductible donations
General information
Address
1000 Parkwood Cir Se 320
Atlanta, GA 30339
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
Phone
(770) 937-0377
IRS details
EIN
58-1533966
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Parent of group exemption
Central organization
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