2023-11-15T17:36:34-06:00 2022-12-31 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2022-01-01 581533966 THE AMERICAN OPPORTUNITY FOUNDATION INC AMER 7709370377 1000 PARKWOOD CIRCLE SE 320 ATLANTA GA 30339 KATHRYN T WALKER VICE PRESIDENT 7709370377 2023-11-15 1 KATHRYN WALKER 999009999 0 SAMUEL T BOERMA P00614373 8506500125 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PHILIP KENNEDY 1000 PARKWOOD CIRCLE SE SUITE 320 ATLANTA GA 30339 32535962 0 7174 X N/A X 1983 GA OWNING AND SUPPORTING HOUSING FOR MODERATE-TO-LOW INCOME FAMILIES AND THE ELDERLY. 5 3 3 0 0 0 24168455 31540000 547831 410337 156468 585320 207488 0 25080242 32535657 262461 459683 0 0 1621807 1917775 0 0 0 378884 175596 2263152 2553054 22817090 29982603 36469989 65084205 931332 1100559 35538657 63983646 OWNING AND SUPPORTING HOUSING FOR MODERATE-TO-LOW INCOME FAMILIES AND THE ELDERLY. 0 0 2256857 459683 410337 OBTAINING FINANCING FOR AND ACQUIRING MULTIFAMILY LOW-INCOME HOUSING AND SUPPORTING THEIR OPERATION. 2256857 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 5 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA CA X KATHRYN WALKER 7709370377 1000 PARKWOOD CIRCLE SE SUITE 320 ATLANTA GA 30339 PHILIP J KENNEDY PRESIDENT, TRUSTEE 35.00 10.00 X X 993125 0 72431 ROBERT R DERRICK TRUSTEE 0.20 X 0 0 0 WILLIAM P FISHER III TRUSTEE 0.20 X 0 0 0 JACK T HAMMER TRUSTEE 0.20 X 0 0 0 KATHRYN WALKER VICE PRESIDENT, SECRETARY 35.00 10.00 X X 365000 0 57670 ALAN FERGUSON SENIOR VICE PRESIDENT 40.00 X 137500 0 12725 1495625 0 142826 3 0 1 0 0 31540000 31540000 MANAGEMENT FEES 561000 289039 289039 INTEREST INCOME 900099 121298 121298 410337 584702 584702 923 305 618 618 618 32535657 410337 0 585320 458559 458559 1124 1124 1865604 1644244 221360 52171 46954 5217 9150 9150 25000 25000 11911 11911 10291 7490 2801 31266 21886 9380 26626 26626 1325 1325 7439 3720 3719 5473 3169 2304 BAD DEBTS 21026 21026 SOCIAL SERVICES EXPENSE 16312 16312 TELEPHONE 5627 3939 1688 DUES & SUBSCRIPTIONS 3260 1630 1630 890 178 712 2553054 2256857 296197 0 28859 409308 25088691 210211 725097 170974 830000 750000 14545 16500 53417 34501 26355 18916 9455243 63441428 301199 66868 36469989 65084205 870080 1069030 61252 31529 931332 1100559 X 35538657 63983646 35538657 63983646 36469989 65084205 29982603 -1537614 0 X X 0 1 X 1 0 X 720010 1372815 855000 24168455 31540000 58656280 1007985 569168 475597 755319 410337 3218406 1727995 1941983 1330597 24923774 31950337 61874686 0 0 0 61874686 140436 151385 652834 153690 584702 1683047 140436 151385 652834 153690 584702 1683047 1868431 2093368 1983431 25077464 32535039 63557733 0.97350 0.94470 0.02650 0.05530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53417 34501 18916 18916 X 30998043 -1537614 -1537614 32535657 0 32535657 2553054 0 2553054 0 2553054 PART X, LINE 2: THE CORPORATION IS CLASSIFIED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10 INCOME TAXES. IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF ASC 740-10 HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. 0 KENNESAW STATE UNIVERSITY FOUNDATION 1000 CHASTAIN ROAD NO 9101 KENNESAW GA 30144 237034345 501(C)(3) 351059 0 EMERGENCY HOUSING FOR HOMELESS STUDENTS, SCHOLARSHIPS & COMPUTERS WARRICK DUNN CHARITIES INC 229 PEACHTREE STREET NE SUITE 675 ATLANTA GA 30303 421545318 501(C)(3) 65000 0 SCHOLARSHIPS FOR DISADVANTAGED STUDENTS NAMI GEORGIA 4120 PRESIDENTIAL PKWY STE 200 ATLANTA GA 30340 581466482 501(C)(3) 20000 0 TO ASSIST THOSE WITH MENTAL ILLNESSES CHILDREN WITHOUT BEDS CORP 601 WEST CROSSVILLE RD ROSWELL GA 30075 823080153 501(C)(3) 10000 0 PROVIDING BEDS TO UNDERPRIVILEDGE CHILDREN GEORGE HUGHES FOUNDATION 210 INTERSTATE N PKWY 700 ATLANTA GA 30339 205447785 501(C)(3) 10000 0 AWARD SCHOLARSHIPS TO HIGH SCHOOL SENIORS FROM THE NORTH METRO-ATLANTA AREA 5 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 PHILIP J KENNEDY PRESIDENT, TRUSTEE 378125 0 600000 0 15000 0 37840 0 34591 0 1065556 0 0 0 KATHRYN WALKER VICE PRESIDENT, SECRETARY 250000 0 100000 0 15000 0 37840 0 19830 0 422670 0 0 0 ALAN FERGUSON SENIOR VICE PRESIDENT 137500 0 0 0 0 0 0 0 12725 0 150225 0 0 0 PART I, LINE 1A IN ACCORDANCE WITH ESTABLISHED CORPORATE TRAVEL POLICY FIRST CLASS TRAVEL MAY BE PERMITTED WITH PRIOR EXECUTIVE LEVEL APPROVAL BASED ON AN EVALUATION OF THE FOLLOWING CRITERIA: 1. SCHEDULE FLIGHT DURATION IN EXCESS OF 4 HOURS. 2. TIME OF DAY OF THE TRAVEL. 3. FARE DIFFERENTIAL WITH PUBLISHED COACH CLASS FARES. 4. AVAILABLE SEATING IN COACH CLASS. FIRST CLASS TRAVEL IS ALSO PERMITTED FOR LAST MINUTE NECESSARY CORPORATE TRAVEL WHEN NO COACH CLASS SEATS ARE AVAILABLE. COMPANION TRAVEL IS PERMITTED TO CORPORATE FUNCTIONS AND INDUSTRY SEMINAR AND NETWORKING GATHERINGS WHERE THE ABSENCE OF A SPOUSE OR COMPANION WOULD BE DEEMED CONSPICUOUS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 WILL BE E-MAILED TO ALL BOARD MEMBERS TO REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE POLICY ANNUALLY AND SIGNS THE POLICY EACH YEAR, AS DO ALL OFFICERS. FORM 990, PART VI, SECTION B, LINE 15 THE AMERICAN OPPORTUNITY FOUNDATION, INC HAS A COMPENSATION COMMITTEE AND UTILIZED A COMPENSATION STUDY PREPARED BY OUTSIDE, INDEPENDENT COMPENSATION CONSULTING FIRMS TO ASSIST IN SETTING TOP MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART XII, LINE 2C: THE EXECUTIVE COMMITTEE OF THE BOARD HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. A MEMBER OF THE EXECUTIVE COMMITTEE SIGNS THE ANNUAL ENGAGEMENT LETTER FOR THE WORK TO BE PERFORMED BY THE INDEPENDENT ACCOUNTING FIRM. THE EXECUTIVE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENTS. 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