Overview
What is Opas Foundation?
Opas Foundation, located in Omaha, Nebraska, is a nonprofit organization distinguished by its ownership of the Holland Performing Arts Center. The primary mission of Opas Foundation is to support and advance the objectives of Omaha Performing Arts Society. By leasing the Holland Performing Arts Center to Omaha Performing Arts Society, Opas Foundation contributes to the fulfillment of its partner's mission, thereby enriching the local arts community and fostering cultural growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Opas Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 88%. This high rating underscores the organization's commitment to transparency and responsible financial management. Notably, the foundation boasts a fully independent board, comprehensive conflict of interest policies, and robust audit practices, which enhances its credibility in the nonprofit sector.
The foundation excels in program expense efficiency, allocating an impressive 98.10% of its budget directly to programs. This demonstrates a strong focus on fulfilling its mission rather than diverting funds to administrative costs. Additionally, the organization has a favorable liabilities to assets ratio, indicating a stable financial position. The management practices, including documented board meeting minutes and a clear CEO compensation process, further contribute to its strong governance profile.
However, while the foundation's fundraising efficiency ratio is quite low at $0.002, this could indicate challenges in attracting diverse funding sources. Despite this limitation, the overall financial health and strong governance practices position the Opas Foundation as a trustworthy nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Opas Foundation legitimate?
Opas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opas Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Opas Foundation?
The Opas Foundation's mission is centered around supporting and advancing the objectives and purpose of the Omaha Performing Arts Society. In essence, its role is to strengthen this organization's mission. The Opas Foundation accomplishes this by owning and leasing the Holland Performing Arts Center to the Omaha Performing Arts Society, thereby aiding in the realization of its goals. This arrangement allows the performing arts society to utilize the center effectively in furtherance of its mission.
Who is the CEO of Opas Foundation?
Joan H Squires is the President of Opas Foundation.
What is the revenue of Opas Foundation?
Opas Foundation's revenue in 2022 was $7,577,994.
Who are the executives of Opas Foundation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $704,761
- Other: $13,958
- Compensation: $0
- Related: $188,062
- Other: $27,691
- Compensation: $0
- Related: $158,345
- Other: $2,092
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Opas Foundation?
Opas Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opas Foundation
Opas Foundation, a nonprofit organization, is dedicated to advancing the goals and objectives of Omaha Performing Arts Society. Its primary mission is to support and strengthen the work of this society by providing resources and opportunities. Notably, Opas Foundation owns the Holland Performing Arts Center and leases it to Omaha Performing Arts Society, enabling the latter to carry out its mission effectively. In this capacity, Opas Foundation contributes significantly to the promotion of performing arts in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Opas Foundation significantly enhances the cultural landscape of Omaha through its dedication to advancing the mission of the Omaha Performing Arts Society. By owning and leasing the Holland Performing Arts Center, the foundation provides a vital space for artistic expression and community engagement. This partnership not only supports various performances and events but also fosters a vibrant arts community that enriches the lives of residents and attracts visitors. The foundation's commitment to the arts strengthens Omaha's cultural identity and encourages the growth of local talent, ensuring that the performing arts remain accessible and celebrated in the area.
This information is meant to be a general summary of Opas Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,067,480
- Program Service Revenue: $2,302,238
- Gross Receipts: $11,760,619
Assets and Liabilities:
- Total Assets: $214,160,238
- Total Liabilities: $4,671,255
- Net Assets: $209,488,983
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent
Revenue
$2,302,238
Organization Details
Founding Year
2005
Phone
(402) 345-0202Principal Officer
Joan H Squires
Main Address
1200 Douglas, Omaha, NE, 68102
NTEE Category
Code: A11 - Arts
If you are a representative of Opas Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.