Civic Intelligence

American Opportunity Foundation

990 • Fiscal year 2023 • EIN 20-0059842

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 10, 2025

Organization ProfileN/A
3030 S Main StreetSalt Lake City, UT 84115

(801) 466-8701

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$2,881,757

Up $241,526 (+9.1%) from 2022

Net Assets

Up

$2,864,922

Up $224,691 (+8.5%) from 2022

Liabilities

Up

$16,835

Up $16,835 from 2022

Revenue And Expenses

Revenue

Down

$515,101

Down $289,504 (-36%) from 2022

Expenses

Up

$136,023

Up $3,985 (+3.0%) from 2022

Net Income

Down

$379,078

Down $293,489 (-44%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2015: $39,698Net Assets 2015: $39,6982015Assets 2016: $63,764Net Assets 2016: $63,7642016Assets 2017: $838,721Liabilities 2017: $0Net Assets 2017: $838,7212017Assets 2018: $822,602Liabilities 2018: $0Net Assets 2018: $822,6022018Assets 2019: $1,618,983Liabilities 2019: $0Net Assets 2019: $1,618,9832019Assets 2020: $2,076,437Liabilities 2020: $0Net Assets 2020: $2,076,4372020Assets 2021: $2,102,464Liabilities 2021: $0Net Assets 2021: $2,102,4642021Assets 2022: $2,640,231Liabilities 2022: $0Net Assets 2022: $2,640,2312022Assets 2023: $2,881,757Liabilities 2023: $16,835Net Assets 2023: $2,864,9222023Assets 2023: $3,235,042Liabilities 2023: $0Net Assets 2023: $3,235,0422023Assets 2024: $4,161,917Liabilities 2024: $0Net Assets 2024: $4,161,9172024

Highlighted filing

2023

Assets$2,881,757
Liabilities$16,835
Net Assets$2,864,922
Open 2023 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,296Expenses 2015: $7,300Net Income 2015: -$6,0042015Revenue 2016: $29,855Expenses 2016: $5,789Net Income 2016: $24,0662016Revenue 2017: $827,297Expenses 2017: $52,340Net Income 2017: $774,9572017Revenue 2018: $5,867Expenses 2018: $12,929Net Income 2018: -$7,0622018Revenue 2019: $640,350Expenses 2019: $16,340Net Income 2019: $624,0102019Revenue 2020: $426,088Expenses 2020: $95,012Net Income 2020: $331,0762020Revenue 2021: $92,488Expenses 2021: $69,912Net Income 2021: $22,5762021Revenue 2022: $804,605Expenses 2022: $132,038Net Income 2022: $672,5672022Revenue 2023: $515,101Expenses 2023: $136,023Net Income 2023: $379,0782023Revenue 2023: $925,168Expenses 2023: $136,024Net Income 2023: $789,1442023Revenue 2024: $1,109,424Expenses 2024: $182,549Net Income 2024: $926,8752024

Highlighted filing

2023

Revenue$515,101
Expenses$136,023
Net Income$379,078
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 10, 2025
Return Version
2023v6.0
Gross Receipts
$515,101
Mission and Program Overview

Mission

The purpose of the foundation is to promote educational and scientific objectives by providing scholoarships and/or endowments.

The purpose of the foundation is to promote educational and scientific objectives by providing scholarships and/or endowments

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,525,092$2,665,839▲ $140,747
Cash and Non-Interest-Bearing Accounts$115,139$215,918▲ $100,779
Total Assets$2,640,231$2,881,757▲ $241,526
Liabilities
Other Liabilities$0$16,835▲ $16,835
Total Liabilities$0$16,835▲ $16,835
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,514,474$2,848,075▲ $333,601
Net Assets Without Donor Restrictions$125,757$16,847▼ $108,910
Total Net Assets Fund Balance$2,640,231$2,864,922▲ $224,691
Total Liabilities and Net Assets / Fund Balance$2,640,231$2,881,757▲ $241,526
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard M TaggartPresident/trustee
Richard P TaggartV President/trustee
Lincoln W TaggartTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$429,936
Program Service Revenue
$0
Investment Income
$85,165
Other Revenue
$0
All Other Contributions
$429,936
Change in Net Assets
$379,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$82,379
Other Expenses$53,644
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$82,379--$82,379
Fees for Services Management$0$50,729$0$50,729
Fees for Services Accounting$0$2,515$0$2,515
Other Expenses$0$400$0$400
Total Functional Expenses$82,379$53,644$0$136,023
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brigham Young UniversityProvo, UT-Scholarships$36,000
University of UtahSalt Lake City, UT-Scholarships$25,000
Eagle Gate CollegeSalt Lake City, UT-Scholarships$5,500
Metropolitan State UniversityDenver, CO-Scholarships$5,500
Utah Valley UniversityOrem, UT-Scholarships$5,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposit Error-december Deposit Paid Back in January$16,835
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
American Opportunity Foundation
EIN
20-0059842
Phone
8014668701
Address
3030 S MAIN STREET, SALT LAKE CITY, UT 84115

Signing Officer

Name
Richard M Taggart
Title
President
Phone
8014668701
Signed
2025-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard M Taggart
Formed
1996
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Thorne & Associates CPA LLC
Address
233 East 3900 South, Salt Lake City, UT 84107
Preparer
Leslie P Thorne
Phone
8012622986
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“A copy of the tax return is made available for the board to review before filing”

Pt VI, Line 2

“Officers, directors, trustees have a family relationships with one another”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03030 S MAIN STREET
IRS990/USAddress/CityNm0SALT LAKE CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084115
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD M TAGGART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08014668701
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN OPPORTUNITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0200059842
ReturnHeader/Filer/PhoneNum08014668701
ReturnHeader/Filer/USAddress/AddressLine1Txt03030 S MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084115
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0811145344
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Thorne & Associates CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0233 East 3900 South
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salt Lake City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084107
ReturnHeader/PreparerPersonGrp/PhoneNum08012622986
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Leslie P Thorne
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-10T18:14:12-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,881,757
Liabilities
$16,835
Net assets
$2,864,922
Revenue
$515,101
Expenses
$136,023
Net income
$379,078
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.16$0.00$4.16$1.11$0.18$0.93
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.00$3.24$0.93$0.14$0.79
2023Detailed filing. Detailed filing data is available for this year.$2.88$0.02$2.86$0.52$0.14$0.38
2022Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$0.80$0.13$0.67
2021Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$0.09$0.07$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$0.43$0.10$0.33
2019Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.64$0.02$0.62
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.01$0.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.83$0.05$0.77
2016Detailed filing. Detailed filing data is available for this year.$0.06$0.06$0.03$0.01$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.00$0.01$0.01