Nonprofit · EIN 41-1983284
OPUS FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,426,864 | $6,584,676 | $1,842,188 | $139,342,932 | $2,698,271 | $136,644,661 |
| December 31, 2023 | 990-PF | $29,163,336 | $6,776,962 | $22,386,374 | $131,701,360 | $3,015,099 | $128,686,261 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,150,175
- Dividends
- $1,181,324
- Net gain from sales of assets
- -$62,046
- Other income
- $2,157,411
Expenses
- Grants and similar amounts paid
- $5,063,488
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $6,460,477
- Excise tax on investment income
- $39,232
Balance sheet and other
- Total assets, start of year
- $131,701,360
- Total assets, end of year
- $139,342,932
- Total liabilities, end of year
- $2,698,271
- Net assets, end of year
- $136,644,661
- Fair market value of assets
- $139,342,932
- Qualifying distributions
- $6,460,477
- Net investment income
- $4,752,709
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 |
|---|---|---|---|---|
| Kristin Ridley Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Vice President/Executive Director | 40 | $240,349 | $32,601 |
| Kristen Grubb Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Tax Officer | 10 | $39,998 | $7,209 |
| Matt Rauenhorst Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | President/Chair | 1 | $0 | $0 |
| Suzanne Flannigan Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Vice President | 6 | $0 | $0 |
| Elaine Rasmussen Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Secretary | 1 | $0 | $0 |
| Ian Widmer Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Treasurer | 1 | $0 | $0 |
| Beth Duyvejonck Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Margaret Green-Rauenhorst Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Aretha Green-Rupert Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Olivia Jefferson Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Kelli Justesen Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Tim Murnane Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Kim Noonan Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Larry Pobuda Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kristin Ridley Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Vice President/Executive Director | 40 | $240,349 | $32,601 |
| Kristen Grubb Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Tax Officer | 10 | $37,492 | $6,342 |
| Matt Rauenhorst Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | President/Chair | 1 | $0 | $0 |
| Suzanne Flannigan Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Vice President | 6 | $0 | $0 |
| Kim Noonan Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Joe Downs Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Beth Duyvejonck Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Margaret Green-Rauenhorst Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Aretha Green-Rupert Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Olivia Jefferson Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Tim Murnane Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Elaine Rasmussen Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Secretary | 1 | $0 | $0 |
| Ian Widmer Suite 2950 60 South 6th Street, Minneapolis, MN 55402 | Treasurer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 S 6TH ST STE 2950, MINNEAPOLIS, MN 55402-2535
- In care of
- % TAX DEPARTMENT
- Signed the 990-PF
- Kristen Grubb, Tax Officer
- Phone
- (612) 440-2500
- Return prepared by
- Eide Bailly 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
- 41-1983284
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $139,342,932
- Income (IRS master file)
- $8,488,910
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,426,864 | $6,584,676 | $139,342,932 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $29,163,336 | $6,776,962 | $131,701,360 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 41-1983284).
Questions about OPUS FOUNDATION
- What is the EIN of OPUS FOUNDATION?
- The employer identification number (EIN) of OPUS FOUNDATION is 41-1983284.
- Is OPUS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to OPUS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OPUS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OPUS 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 OPUS 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 OPUS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $240,349 (Kristin Ridley, Vice President/Executive Director).
- How much revenue does OPUS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,426,864, expenses of $6,584,676 and total assets of $139,342,932 at year end.
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