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Nonprofit · EIN 46-0434399

OPUS PRIZE FOUNDATION

Tax-exempt · SIOUX FALLS, SD 57104

Financials

$1.5M$1.8M2023$5.2M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of OPUS PRIZE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$5,183,744$1,777,323$3,406,421$38,799,016$7,773$38,791,243
December 31, 2023990-PF$1,544,524$1,842,768-$298,244$36,976,556$0$36,976,556
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$472,101
Interest
$45,627
Net gain from sales of assets
$3,375,474
Other income
$1,290,542

Expenses

Grants and similar amounts paid
$1,370,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$1,632,708
Excise tax on investment income
$62,781

Balance sheet and other

Total assets, start of year
$36,976,556
Total assets, end of year
$38,799,016
Total liabilities, end of year
$7,773
Net assets, end of year
$38,791,243
Fair market value of assets
$38,799,016
Qualifying distributions
$1,632,708
Net investment income
$5,068,013

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.

NameTitleHours / weekCompensationOther / benefits
Katie Scharfbillig
10350 Bren Road West, Minnetonka, MN 55343
Tax Officer2$7,425$2,362
Tammy Crosby
10350 Bren Road West, Minnetonka, MN 55343
Vice President1.2$5,670$2,053
Carol Slatter
10350 Bren Road West, Minnetonka, MN 55343
Vice President0.35$1,572$387
Kristine Rauenhorst
10350 Bren Road West, Minnetonka, MN 55343
Chair/Director1$0$0
Michael Rauenhorst
10350 Bren Road West, Minnetonka, MN 55343
Vice Chair/Director1$0$0
Nat Robinson
10350 Bren Road West, Minnetonka, MN 55343
Treasurer/Director1$0$0
Judy Doerr
10350 Bren Road West, Minnetonka, MN 55343
Secretary/Director1$0$0
Julie Goldman
10350 Bren Road West, Minnetonka, MN 55343
Officer In Training1$0$0
Sr Eneless Chimbali
10350 Bren Road West, Minnetonka, MN 55343
Director1$0$0
Sr Annette McDermott
10350 Bren Road West, Minnetonka, MN 55343
Director1$0$0
990-PF for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
Katie Scharfbillig
10350 Bren Road West, Minnetonka, MN 55343
Tax Officer2$6,718$2,011
Tammy Crosby
10350 Bren Road West, Minnetonka, MN 55343
Vice President1.2$5,670$1,293
Carol Slatter
10350 Bren Road West, Minnetonka, MN 55343
Vice President0.35$1,490$358
Michael Rauenhorst
10350 Bren Road West, Minnetonka, MN 55343
Chair/Director1$0$0
Kristine Rauenhorst
10350 Bren Road West, Minnetonka, MN 55343
Vice Chair/Director1$0$0
Nat Robinson
10350 Bren Road West, Minnetonka, MN 55343
Treasurer/Director1$0$0
Judy Doerr
10350 Bren Road West, Minnetonka, MN 55343
Secretary/Director1$0$0
Sr Annette McDermott
10350 Bren Road West, Minnetonka, MN 55343
Director1$0$0
Dan McGinty
10350 Bren Road West, Minnetonka, MN 55343
Director1$0$0
Julia Goldman
10350 Bren Road West, Minnetonka, MN 55343
Director1$0$0

Address and contacts

Address (IRS master file)
101 S PHILLIPS AVE STE 508, SIOUX FALLS, SD 57104-6700
In care of
% ADLER MANAGEMENT CORPORATION
Signed the 990-PF
Katie Scharfbillig, Tax Officer
Phone
(952) 656-4800
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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
46-0434399
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
1994
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$38,799,016
Income (IRS master file)
$5,183,744

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$5,183,744$1,777,323$38,799,016IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$1,544,524$1,842,768$36,976,556XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 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 46-0434399).

Questions about OPUS PRIZE FOUNDATION

What is the EIN of OPUS PRIZE FOUNDATION?
The employer identification number (EIN) of OPUS PRIZE FOUNDATION is 46-0434399.
Is OPUS PRIZE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to OPUS PRIZE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does OPUS PRIZE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of OPUS PRIZE 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 PRIZE 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 PRIZE FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $7,425 (Katie Scharfbillig, Tax Officer).
How much revenue does OPUS PRIZE FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,183,744, expenses of $1,777,323 and total assets of $38,799,016 at year end.

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