Nonprofit · EIN 20-3523938
OPAS FOUNDATION
Tax-exempt · OMAHA, NE 68102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $18,638,327 | $11,774,017 | $6,864,310 | $332,064,388 | $4,400,295 | $327,664,093 |
| June 30, 2024 | 990 | $29,538,054 | $11,415,138 | $18,122,916 | $322,736,275 | $4,704,234 | $318,032,041 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,772,672
- Program service revenue
- $3,982,022
- Investment income
- $6,883,633
- Net gain from sales of assets
- $6,030,786
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,280,586
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,496
- Depreciation
- $5,185,228
- Program services (functional)
- $11,465,814
- Management and general (functional)
- $308,203
Balance sheet and other
- Total assets, start of year
- $322,736,275
- Total assets, end of year
- $332,064,388
- Total liabilities, end of year
- $4,400,295
- Net assets, end of year
- $327,664,093
- Land, buildings and equipment
- $227,038,889
- Publicly traded securities
- $63,019,442
- Net assets without donor restrictions
- $148,304,316
- Net assets with donor restrictions
- $179,359,777
- Gross receipts
- $40,694,925
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2005
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOAN H SQUIRES | PRESIDENT Officer | 5 | $0 | $641,043 | $32,564 |
| ARNOLD REEVES | SENIOR VP AND COO, TREASURER Officer | 5 | $0 | $228,522 | $30,746 |
| SABRINA WEISS | SENIOR VP OF DEVELOPMENT Key employee | 5 | $0 | $202,003 | $8,118 |
| MICHAEL MCCARTHY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACK KORALESKI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN BOYER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL CASSLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER HAMANN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RODRIGO LOPEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARL G MAMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOAN H SQUIRES | PRESIDENT Officer | 5 | $0 | $615,264 | $23,479 |
| ARNOLD REEVES | SENIOR VP AND CFO, TREASURER Officer | 5 | $0 | $228,684 | $25,902 |
| SABRINA WEISS | VP - DEVELOPMENT Key employee | 5 | $0 | $195,601 | $7,655 |
| MICHAEL MCCARTHY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACK KORALESKI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN BOYER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL CASSLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER HAMANN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RODRIGO LOPEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARL G MAMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 DOUGLAS ST, OMAHA, NE 68102-1815
- In care of
- % JOHN K BOYER
- Principal officer (990 for 2024)
- Joan H Squires, 1200 Douglas, Omaha, NE 68102
- Signed the 990
- Joan Squires, President
- Phone
- (402) 345-0202
Mission
The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society.
Program accomplishments
- OPAS Foundation owns the Holland Performing Arts Center and Steelhouse Omaha and leases these buildings to Omaha Performing Arts Society to further the mission of that organization.Expenses $8,955,814 · grants $3,770,586 · revenue $3,982,022
- OPAS Foundation provides operational support to Omaha Performing Arts Society in the form of an annual grant.Expenses $2,510,000 · grants $2,510,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3523938
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $332,064,388
- Income (IRS master file)
- $40,694,925
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $18,638,327 | $11,774,017 | $332,064,388 | IRS |
| 990 | June 2024 | $29,538,054 | $11,415,138 | $322,736,275 | IRS |
| 990 | June 2023 | $88,718,176 | $7,198,754 | $295,903,134 | IRS |
| 990 | June 2022 | $7,577,994 | $6,053,761 | $214,160,238 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3523938).
Questions about OPAS FOUNDATION
- What is the EIN of OPAS FOUNDATION?
- The employer identification number (EIN) of OPAS FOUNDATION is 20-3523938.
- Is OPAS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to OPAS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPAS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OPAS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPAS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OPAS FOUNDATION?
- The 990 for the year ended June 30, 2025 names Joan H Squires.
- Who are the officers and directors of OPAS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does OPAS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $18,638,327, expenses of $11,774,017 and total assets of $332,064,388 at year end.
Other nonprofits in OMAHA
- OMAHA PERFORMING ARTS SOCIETY EIN 47-0832480 · last filed 990 for 2025
- JOSLYN ART MUSEUM EIN 47-0384577 · last filed 990 for 2024
- OMAHA CHILDRENS TRUST EIN 99-1346934 · last filed 990 for 2024
- OMAHA SYMPHONY ASSOCIATION EIN 47-6039304 · last filed 990 for 2025
- PAULA FRIEDLAND BOGGUST FOUNDATION EIN 33-3451123 · last filed 990-PF for 2025
- THE DURHAM MUSEUM EIN 47-0556061 · last filed 990 for 2025
- OMAHA THEATER COMPANY EIN 47-0494912 · last filed 990 for 2025
- OMAHA CHILDRENS MUSEUM INC EIN 47-0594056 · last filed 990 for 2025
All nonprofits in OMAHA · Nebraska · Arts, culture and humanities