Nonprofit · EIN 38-7132674
OPPORTUNITY FOUNDATION
Also known as JAMES K GOLDBERG TTEE
Tax-exempt · PITTSBURGH, PA 15224
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,005,699 | $3,284,790 | -$279,091 | $41,439,239 | $63,834 | $41,375,405 |
| December 31, 2023 | 990-PF | $2,791,713 | $3,052,772 | -$261,059 | $41,375,340 | $17,623 | $41,357,717 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $2,319,711
- Net gain from sales of assets
- $684,350
- Other income
- $1,638
Expenses
- Grants and similar amounts paid
- $2,440,750
- Compensation of officers, directors and key employees
- $178,090
- Salaries, compensation and benefits (total)
- $162,918
- Disbursements for charitable purposes
- $2,954,369
- Excise tax on investment income
- $40,436
Balance sheet and other
- Total assets, start of year
- $41,375,340
- Total assets, end of year
- $41,439,239
- Total liabilities, end of year
- $63,834
- Net assets, end of year
- $41,375,405
- Fair market value of assets
- $55,350,477
- Qualifying distributions
- $2,954,369
- Net investment income
- $3,005,699
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACOB GOODMAN 5126 PENN AVENUE, PITTSBURGH, PA 15224 | EXECUTIVE DIRECTOR | 40 | $178,090 | $26,224 |
| TIFFANY J WILHELM 5126 PENN AVENUE, PITTSBURGH, PA 15224 | PROGRAM OFFICER Highest-paid employee | 40 | $102,447 | $0 |
| YVETTE L SHIPMAN 5126 PENN AVENUE, PITTSBURGH, PA 15224 | PROGRAM OFFICER Highest-paid employee | 40 | $60,471 | $0 |
| IDY GOODMAN 5126 PENN AVENUE, PITTSBURGH, PA 15224 | TRUSTEE | 5 | $0 | $0 |
| DANA BISHOP-ROOT 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
| ALISHA WORMSLEY 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
| MARGE PETRUSA 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
| MICHAEL TIKILI 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
| MEDINA JACKSON 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACOB GOODMAN 5126 PENN AVENUE, PITTSBURGH, PA 15224 | EXECUTIVE DIRECTOR | 40 | $174,070 | $8,870 |
| TIFFANY J WILHELM 5126 PENN AVENUE, PITTSBURGH, PA 15224 | PROGRAM OFFICER Highest-paid employee | 40 | $109,913 | $0 |
| YVETTE L SHIPMAN 4726 STANTON AVENUE, PITTSBURGH, PA 15201 | PROGRAM OFFICER Highest-paid employee | 40 | $77,774 | $0 |
| IDA LEE GOODMAN 5126 PENN AVENUE, PITTSBURGH, PA 15224 | TRUSTEE | 5 | $0 | $0 |
| DANA BISHOP-ROOT 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
| ALISHA WORMSLEY 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
| MARGE PETRUSA 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
| MICHAEL TIKILI 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
| MEDINA JACKSON 5126 PENN AVENUE, PITTSBURGH, PA 15224 | DIRECTOR | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5126 PENN AVE, PITTSBURGH, PA 15224-1616
- In care of
- % JACOB GOODMAN
- Signed the 990-PF
- JACOB GOODMAN, EXECUTIVE DIRECTOR
- Phone
- (412) 362-1300
- Website
- WWW.THEOPPORTUNITYFUND.ORG
- Return prepared by
- LOUIS PLUNG & COMPANY LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-7132674
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $41,439,239
- Income (IRS master file)
- $6,371,308
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,005,699 | $3,284,790 | $41,439,239 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,791,713 | $3,052,772 | $41,375,340 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 38-7132674).
Questions about OPPORTUNITY FOUNDATION
- What is the EIN of OPPORTUNITY FOUNDATION?
- The employer identification number (EIN) of OPPORTUNITY FOUNDATION is 38-7132674.
- Is OPPORTUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to OPPORTUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OPPORTUNITY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OPPORTUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPPORTUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of OPPORTUNITY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 3 received compensation from the organization, the highest $178,090 (JACOB GOODMAN, EXECUTIVE DIRECTOR).
- How much revenue does OPPORTUNITY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,005,699, expenses of $3,284,790 and total assets of $41,439,239 at year end.
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