The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $34.4M a year · 81% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
63 mo
of spending, in cash
Plus $37.9M in investments, Pt X · Ln 11–13
Looks good: 62.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$54.6M
-2% vs prior year
Spent
$6.0M
To programs
100%
Net assets
$213.5M
By yearFY2020–FY2025
Revenue
$54.6M
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$55.9M
FY2021$54.6M
FY2022$7.6M
FY2023$88.7M
FY2024$29.5M
FY2025$18.6M
Expenses
$6.0M
FY2021▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.9M
FY2021$6.0M
FY2022$6.1M
FY2023$7.2M
FY2024$11.4M
FY2025$11.8M
Net assets
$213.5M
FY2021▲ +40%
Tap a bar for its year
Net assets by fiscal year
FY2020$152.6M
FY2021$213.5M
FY2022$209.5M
FY2023$294.7M
FY2024$318.0M
FY2025$327.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.0M Management & general 0% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Senior VP and CFO, Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Opas Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports performing arts events and programs.

Questions for Opas Foundation

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Provided by the organization

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3 programs · $6.0M · in their own filed words · FY2020
01

OPAS Foundation owns the Holland Performing Arts Center and leases the building to Omaha Performing Arts Society to further the mission of that organization.

$4.2Mprogram expense
02

OPAS Foundation provides operational support to Omaha Performing Arts Society in the form of an annual grant.

$1.8Mprogram expense
03

OPAS Foundation is responsible for the fundraising and construction of Steelhouse Omaha, a new live music venue which will open in mid-2023. The venue is part of the planned expansion of O-pa's arts and entertainment campus near the Holland Performing Arts Center and will provide flexible space to accommodate audiences of 1,500 to 3,000.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$100K
Grants paid · 6 grants · $28.2M · 2019–2024
Omaha Performing Arts SocietyNE · FY2024$6,280,586
Omaha Performing Arts SocietyNE · FY2023$5,910,762
Omaha Performing Arts SocietyNE · FY2022$4,429,841
Omaha Performing Arts SocietyNE · FY2021$3,929,994
Omaha Performing Arts SocietyFY2020$3,866,498
Omaha Performing Arts SocietyNE · FY2019$3,804,850

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$54.6M
Ln 12
Gifts and grantsLn 1h$48.2M
Investment incomeLn 3$4.2M
Fees for servicesLn 2g$2.2M
Money outPt IX
$6.0M
Ln 25
Programscol B$6.0M
Managementcol C$21K
Owns and owesPt X
$213.5M
net assets · Ln 32
Cash and savingsLn 1–2$31.5M
Total assetsLn 16$216.9M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48.2M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$4.2M
Gains on assetsLn 7$4.0M
Total revenueLn 12$54.6M
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$31.4M
Cash and savings togetherLn 1–2$31.5M
InvestmentsLn 11–13$37.9M
Land, buildings, equipmentLn 10c$80.3M
Other assetsLn 15$0
Total assetsLn 16$216.9M
LiabilitiesLn 26$3.4M
Net assetsLn 32$213.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$15.9M$31.5M
InvestmentsLn 11–13$30.8M$37.9M
Land, buildings, equipmentLn 10c$70.1M$80.3M
Total assetsLn 16$154.4M$216.9M
LiabilitiesLn 26$1.7M$3.4M
Net assetsLn 32$152.6M$213.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.9M$3.9M
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$67K$50K$17K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$2K$0$2K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$41K$41K$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$2.0M$2.0M$0$0
InsuranceLn 23$0$0$0$0
Total functional expensesLn 25$6.0M$6.0M$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $18.6M$11.8M$6.9M$327.7M 990 PDF
FY2024 $29.5M$11.4M$18.1M$318.0M 990 PDF
FY2023 $88.7M$7.2M$81.5M$294.7M 990 PDF
FY2022 $7.6M$6.1M$1.5M$209.5M 990 PDF
FY2021 Viewing $54.6M$6.0M$48.6M$213.5M 990 PDF
FY2020 $55.9M$5.9M$49.9M$152.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $54,646,266 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,978,315$48,188,795
I-9 Program service revenuePrior year $2,170,085$2,235,186
I-10 Investment incomePrior year $713,955$4,222,285
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $55,862,355$54,646,266
I-13 Grants and similar amounts paidPrior year $3,804,850$3,866,498
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $30,323$66,602
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,091,683$2,082,396
I-18 Total expensesPrior year $5,926,856$6,015,496
I-19 Revenue less expensesPrior year $49,935,499$48,630,770
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $54,646,266 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$48,188,795
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$48,188,795
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,235,186 · Unrelated business $0 · Excluded from tax $0$2,235,186
VIII-3 Investment incomeRelated to mission $264,391 · Unrelated business $0 · Excluded from tax $0$264,391
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,957,894 · Unrelated business $0 · Excluded from tax $0$3,957,894
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $6,457,471 · Unrelated business $0 · Excluded from tax $0$54,646,266
Part IX · Statement of functional expenses $6,015,496 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $3,866,498$3,866,498
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $49,952 · Management $16,650 · Fundraising $0$66,602
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $2,496 · Fundraising $0$2,496
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $40,775 · Management $0 · Fundraising $0$40,775
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $2,091 · Fundraising $0$2,091
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $2,037,034 · Management $0 · Fundraising $0$2,037,034
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $5,994,259 · Management $21,237 · Fundraising $0$6,015,496
Part X · Balance sheet $216,930,638 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $72,200$99,710
X-2 Savings and temporary cash investmentsStart of year $15,801,360$31,351,687
X-3 Pledges and grants receivableStart of year $36,553,813$65,766,987
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,071,531$1,455,892
X-10c Land, buildings and equipment, netStart of year $70,077,557$80,329,126
X-11 Publicly traded securitiesStart of year $30,795,580$37,927,236
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $154,372,041$216,930,638
X-17 Accounts payable and accrued expensesStart of year $1,635,450$2,933,334
X-25 Other liabilitiesStart of year $97,543$451,426
X-26 Total liabilitiesStart of year $1,732,993$3,384,760
X-27 Net assets without donor restrictionsStart of year $58,688,751$156,442,766
X-28 Net assets with donor restrictionsStart of year $93,950,297$57,103,112
X-32 Total net assets or fund balancesStart of year $152,639,048$213,545,878
X-33 Total liabilities and net assetsStart of year $154,372,041$216,930,638
Part XI · Reconciliation of net assets $213,545,878 net assets at year end
XI-1 Total revenue$54,646,266
XI-2 Total expenses$6,015,496
XI-3 Revenue less expenses$48,630,770
XI-4 Net assets at start of year$152,639,048
XI-5 Net unrealized gains (losses) on investments$12,276,060
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$213,545,878

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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