Opas Foundation
98% goes to programs $0 to raise $100 Strong reserves Declining revenue
Opas Foundation is a 501(c)(3) organization based in Omaha, Nebraska, registered in 2006, with $29,538,054 in FY2023 revenue. CharityIndex grades it A, and it directs about 98% of spending to programs.
1200 Douglas St, Omaha, NE, 68102 EIN 20-3523938 Since 2006
Revenue (FY2023)
$29.5M
▼ 66.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$11.4M
Net assets
$318.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating98% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Opas Foundation: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating334 mo reserves · +61% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Opas Foundation: 334 mo reserves · +61% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Opas Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Opas Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The mission of opas foundation is to further the objectives and purpose of omaha performing arts society.
What they do
Opas foundation provides operational support to omaha performing arts society in the form of an annual grant.
Contact & location
- Address
- 1200 Douglas St, Omaha, NE, 68102
- City
- Omaha
- State
- Nebraska
- Category
- Arts, Culture & Humanities
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.1M (FY2013) to $29.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4.7MNet assets $318.0M
Operating margin
61.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$322.7M
Total liabilities
$4.7M
Net assets
$318.0M
Salaries & benefits
$0
0% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $29,538,054▼66.7% | $11,415,138▲58.6% | $318,032,041▲7.9% | $322,736,275▲9.1% | 990 |
| 2022 | $88,718,176▲1071% | $7,198,754▲18.9% | $294,668,485▲40.7% | $295,903,134▲38.2% | 990 |
| 2021 | $7,577,994▼86.1% | $6,053,761▲0.6% | $209,488,983▼1.9% | $214,160,238▼1.3% | 990 |
| 2020 | $54,646,266▼2.2% | $6,015,496▲1.5% | $213,545,878▲39.9% | $216,930,638▲40.5% | 990 |
| 2019 | $55,862,355▲997% | $5,926,856▲1.2% | $152,639,048▲41.1% | $154,372,041▲39.8% | 990 |
| 2018 | $5,092,045▲33.9% | $5,854,745▲4.1% | $108,172,539▲3.0% | $110,389,688▲4.0% | 990 |
| 2017 | $3,803,630▼89.8% | $5,623,809▲49.0% | $105,031,523▲0.2% | $106,171,108▲0.1% | 990 |
| 2016 | $37,341,719▲1723% | $3,773,308▼8.0% | $104,778,563▲57.4% | $106,056,843▲56.1% | 990 |
| 2015 | $2,048,781▼27.0% | $4,102,021▼5.2% | $66,561,334▼3.0% | $67,954,313▼2.6% | 990 |
| 2014 | $2,806,631▲31.7% | $4,328,988▲12.4% | $68,614,574▼2.2% | $69,783,324▼1.7% | 990 |
| 2013 | $2,131,558 | $3,849,846▼4.7% | $70,136,931▼2.4% | $70,986,931▼2.3% | 990 |
| 2012 | — | $4,038,762▼2.3% | $71,855,219▼2.8% | $72,641,464▼2.5% | 990 |
| 2011 | — | $4,134,088▲2.0% | $73,887,417▼2.8% | $74,537,417▼2.6% | 990 |
| 2010 | — | $4,053,466▼1.7% | $76,014,945▼2.6% | $76,564,945▼2.5% | 990 |
| 2009 | — | $4,122,544 | $78,061,864 | $78,511,864 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Arnold Reeves | Senior Vp and Cfo, Treasurer | 5 | — |
| Carl G Mammel | Director | 1 | — |
| Jack Koraleski | Vice Chair | 1 | — |
| Jennifer Hamann | Director | 1 | — |
| Joan H Squires | President | 5 | — |
| John Boyer | Secretary | 1 | — |
| Michael Cassling | Director | 1 | — |
| Michael Mccarthy | Chair | 1 | — |
| Rodrigo Lopez | Director | 1 | — |
| Sabrina Weiss | Vp - Development | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Kiewit Building Group | Construction | $24,081,773 |
| Holland Basham Architects | Architectural Services | $926,778 |
| Heartland Seating | Seating | $476,818 |
| Oneneck It Solutions | It Equipment | $425,081 |
| Tri Project Solutions | Consulting | $250,280 |
Grants received · $9.4M total
3 grants to Opas Foundation totaling $9.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Arts and culture | 2024 | $8,300,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $1,010,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $100,000 |
Grants made · $5.9M in FY2023
1 grant totaling $5.9M in FY2023. All grants made by Opas Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Omaha Performing Arts Society | Fo further the mission of omaha performing arts society | $5,910,762 |
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Compare Opas Foundation
Frequently asked questions
- Is Opas Foundation a legitimate nonprofit?
- Yes. Opas Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-3523938, based in Omaha, Nebraska. Donations are tax-deductible.
- What is Opas Foundation's EIN?
- Opas Foundation's Employer Identification Number (EIN) is 20-3523938.
- How much revenue does Opas Foundation report?
- Opas Foundation reported $29,538,054 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Opas Foundation's spending goes to programs?
- Opas Foundation spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Opas Foundation have?
- CharityIndex grades Opas Foundation A, based on program efficiency and fundraising cost.
- How much does Opas Foundation's highest-paid employee make?
- The highest reported compensation on Opas Foundation's latest Form 990 is $0, paid to Arnold Reeves (Senior Vp and Cfo, Treasurer).
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Data for Opas Foundation (EIN 20-3523938) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.