Civic Intelligence

Opulent Philanthropy Inc.

990 • Fiscal year 2020 • EIN 45-3088713

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 21, 2021

12223 Briar Forest DrHouston, TX 77077

(832) 677-2836

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$270,470

No earlier filing loaded for comparison.

Net Assets

$270,470

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$383,862

No earlier filing loaded for comparison.

Expenses

$116,385

No earlier filing loaded for comparison.

Net Income

$267,477

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2020: $270,470Liabilities 2020: $0Net Assets 2020: $270,4702020Assets 2021: $254,987Liabilities 2021: $0Net Assets 2021: $254,9872021Assets 2022: $124,115Liabilities 2022: $0Net Assets 2022: $124,1152022Assets 2023: $109,422Liabilities 2023: $0Net Assets 2023: $109,4222023Assets 2024: $99,556Liabilities 2024: $0Net Assets 2024: $99,5562024

Highlighted filing

2020

Assets$270,470
Liabilities$0
Net Assets$270,470

Operations Trend

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

$400K$200K$0-$200KRevenue 2020: $383,862Expenses 2020: $116,385Net Income 2020: $267,4772020Revenue 2021: $139,365Expenses 2021: $154,848Net Income 2021: -$15,4832021Revenue 2022: $0Expenses 2022: $130,872Net Income 2022: -$130,8722022Revenue 2023: $229,967Expenses 2023: $322,723Net Income 2023: -$92,7562023Revenue 2024: $214,193Expenses 2024: $224,059Net Income 2024: -$9,8662024

Highlighted filing

2020

Revenue$383,862
Expenses$116,385
Net Income$267,477
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 21, 2021
Return Version
2020v4.0
Gross Receipts
$383,862
Mission and Program Overview

Mission

To Empower the most vulderable among us, to improve their quality of life by Providing shelter, food, wather, and assitance with medical bills, and education during disasters, homelessness, cancer, and other hardships.

To empower the most vulnerable among us to improve their quality of life by providing shelter, food, water, and assistance with medical bills and education during disasters, homelessness, cancer, and other hardships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,993$270,470▲ $267,477
Total Assets$2,993$270,470▲ $267,477
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,993$270,470▲ $267,477
Total Net Assets Fund Balance$2,993$270,470▲ $267,477
Total Liabilities and Net Assets / Fund Balance$2,993$270,470▲ $267,477
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ronald DewittPresident
Darren JacksonSecretary
James NeallyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$383,862
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$383,862
Change in Net Assets
$267,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,050
Grants and Similar Amounts Paid$37,335
Total Fundraising Expense$7,905
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$48,373$6,047$6,047$60,467
Grants to Domestic Orgs$33,960--$33,960
Information Technology$10,650$1,331$1,331$13,312
Office Expenses$4,217$527$527$5,271
Grants to Domestic Individuals$3,375--$3,375
Total Functional Expenses$100,575$7,905$7,905$116,385
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oregon Food BankPortland, OR501c3Humanitarian$10,000
American Red CrossWashington, DC501c3Humanitarian$6,101
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is prepared by a cpa who is experienced with 990 preparation. A draft is provided to the board for their review. Once all questions have been resolved and the draft approved, the final 990 is e-filed. A copy of the final, filed 990 is provided to the board after filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Opulent Philanthropy Inc
EIN
45-3088713
Phone
8326772836
Address
12223 BRIAR FOREST DR, HOUSTON, TX 77077

Signing Officer

Name
Ronald Dewitt
Title
President
Phone
8326772836
Signed
2021-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Dewitt
Formed
2011
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Cox and Associates Cpas LLC
Address
21960 HIGHWAY 242, NEW CANEY, TX 77357
Preparer
Cynthia a Cox
Phone
2813998153
Supplemental Narrative

Additional Explanations

Form 990

Opulent philanthropy was founded in 2011 and through 2019 it filed a 990-n as total receipt were under 50,000 each year. For 2020 a 990 was required as total receipts were over 400,000. On page 1 of the 2020 form 990, we have not included any amounts for receipts and expenses since only a 990-n was filed for that period. Additionally, schedule a does not contain any receipts for 2016 through 2018 because there were none received by the organization.

Form 990, Part III

B. Food banks - op provided assistance totaling nearly 13,000 to 21 local food banks across the united states. These food banks assisted homeless civilians and veterans with resources for food, clothing, and water. C. Other assistance - other aid includes helping farmers when swarms of locusts infected their crops. Op provided 2,557 to one tree planted; this aid enabled the planting of nearly 8,000 trees. During 2020 op also provided a total of 2,600 in assistance to fight fires raging through oregon. Direct assistance was provided to individuals and organizations working directly with victims. Bringing people together to help achieve our missions opulent philanthropy inc. Helps people worldwide when they are faced with an occurrence that leads to financial hardships, thru our event focused campaigns and fundraisers. Some of our campaigns include: a. Victims of natural disasters such as wildfires, tornadoes, volcanoes, chemical explosions, hurricanes, floods, earthquakes, typhoons, and monsoons. B. Assisted homeless civilians and veterans with resources for food, clothing, and water. C. Provided resources for cancer patients to cover the cost of treatments. D. Awarded grants to underprivileged students to assist with the cost of education. E. Planted trees after wildfires destroyed forests. F. Helped victims of violent crimes with financial assistance for medical bills, funerals etc. G. Provided covid-19 ppe supplies during the pandemic to patients and hospitals around the world. Provided shelter, food, and water to help over homeless people and displaced victims during natural disasters: a. Homeless veterans and homeless men women and children in largely populated areas, including houston, los angeles, new york, washington, district of columbia, san francisco, phoenix, boston, las vegas etc. B. Displaced families during the following natural disasters: california wildfires, oregon's wildfires, washington wildfires, denver colorado wildfires, australia brush wildfires. Samalia floods, hurricane dorian (bahamas), cyclone amphan (india and bangladesh), hurricane dorian, hurricane hanna (corpus christi- rio grande vally and hildalgo texas), hurricane laura (louisiana), hurricane sally (alabama), hurricane delta (lake charles to lafayette, louisiana), tennessee tornadoes, iowa's derecho wind storm, pakistan monsoon, pakistan's avalanches and floods, typhoon vamco, hurricane iota (nicaragua and central america), sudan flood, taal volcano, (manila, philippines) puerto rico earthquake. Planted trees around the world to help our ecosystem: california, australia, brazil amazon rain forest, oregon, indonesia rain forest. Provided covid-19 relief supplies for doctors, nurses, and individuals worldwide: ppe supplies in spain, italy, and houston tx; quarantine food boxes in houston tx. Awarded grants to underprivileged children: united states. Supported victims of violence in: minnesota, wisconsin, kentucky, eu, london, japan, s. Korea, lebanon, canada, new zealand, texas. Assisted cancer patients with financial assistance for treatments with: prostate cancer, colon cancer, melanoma skin cancer, lung cancer. Opulent philanthropy inc. Helped people in need all around the world. In 2022 our mission is to reach 1 million people in need, and with your support we can achieve our goal

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPULENT PHILANTHROPY WAS FOUNDED IN 2011 AND THROUGH 2019 IT FILED A 990-N AS TOTAL RECEIPT WERE UNDER 50,000 EACH YEAR. FOR 2020 A 990 WAS REQUIRED AS TOTAL RECEIPTS WERE OVER 400,000. ON PAGE 1 OF THE 2020 FORM 990, WE HAVE NOT INCLUDED ANY AMOUNTS FOR RECEIPTS AND EXPENSES SINCE ONLY A 990-N WAS FILED FOR THAT PERIOD. ADDITIONALLY, SCHEDULE A DOES NOT CONTAIN ANY RECEIPTS FOR 2016 THROUGH 2018 BECAUSE THERE WERE NONE RECEIVED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1B. FOOD BANKS - OP PROVIDED ASSISTANCE TOTALING NEARLY 13,000 TO 21 LOCAL FOOD BANKS ACROSS THE UNITED STATES. THESE FOOD BANKS ASSISTED HOMELESS CIVILIANS AND VETERANS WITH RESOURCES FOR FOOD, CLOTHING, AND WATER. C. OTHER ASSISTANCE - OTHER AID INCLUDES HELPING FARMERS WHEN SWARMS OF LOCUSTS INFECTED THEIR CROPS. OP PROVIDED 2,557 TO ONE TREE PLANTED; THIS AID ENABLED THE PLANTING OF NEARLY 8,000 TREES. DURING 2020 OP ALSO PROVIDED A TOTAL OF 2,600 IN ASSISTANCE TO FIGHT FIRES RAGING THROUGH OREGON. DIRECT ASSISTANCE WAS PROVIDED TO INDIVIDUALS AND ORGANIZATIONS WORKING DIRECTLY WITH VICTIMS. BRINGING PEOPLE TOGETHER TO HELP ACHIEVE OUR MISSIONS OPULENT PHILANTHROPY INC. HELPS PEOPLE WORLDWIDE WHEN THEY ARE FACED WITH AN OCCURRENCE THAT LEADS TO FINANCIAL HARDSHIPS, THRU OUR EVENT FOCUSED CAMPAIGNS AND FUNDRAISERS. SOME OF OUR CAMPAIGNS INCLUDE: A. VICTIMS OF NATURAL DISASTERS SUCH AS WILDFIRES, TORNADOES, VOLCANOES, CHEMICAL EXPLOSIONS, HURRICANES, FLOODS, EARTHQUAKES, TYPHOONS, AND MONSOONS. B. ASSISTED HOMELESS CIVILIANS AND VETERANS WITH RESOURCES FOR FOOD, CLOTHING, AND WATER. C. PROVIDED RESOURCES FOR CANCER PATIENTS TO COVER THE COST OF TREATMENTS. D. AWARDED GRANTS TO UNDERPRIVILEGED STUDENTS TO ASSIST WITH THE COST OF EDUCATION. E. PLANTED TREES AFTER WILDFIRES DESTROYED FORESTS. F. HELPED VICTIMS OF VIOLENT CRIMES WITH FINANCIAL ASSISTANCE FOR MEDICAL BILLS, FUNERALS ETC. G. PROVIDED COVID-19 PPE SUPPLIES DURING THE PANDEMIC TO PATIENTS AND HOSPITALS AROUND THE WORLD. PROVIDED SHELTER, FOOD, AND WATER TO HELP OVER HOMELESS PEOPLE AND DISPLACED VICTIMS DURING NATURAL DISASTERS: A. HOMELESS VETERANS AND HOMELESS MEN WOMEN AND CHILDREN IN LARGELY POPULATED AREAS, INCLUDING HOUSTON, LOS ANGELES, NEW YORK, WASHINGTON, DISTRICT OF COLUMBIA, SAN FRANCISCO, PHOENIX, BOSTON, LAS VEGAS ETC. B. DISPLACED FAMILIES DURING THE FOLLOWING NATURAL DISASTERS: CALIFORNIA WILDFIRES, OREGON'S WILDFIRES, WASHINGTON WILDFIRES, DENVER COLORADO WILDFIRES, AUSTRALIA BRUSH WILDFIRES. SAMALIA FLOODS, HURRICANE DORIAN (BAHAMAS), CYCLONE AMPHAN (INDIA AND BANGLADESH), HURRICANE DORIAN, HURRICANE HANNA (CORPUS CHRISTI- RIO GRANDE VALLY AND HILDALGO TEXAS), HURRICANE LAURA (LOUISIANA), HURRICANE SALLY (ALABAMA), HURRICANE DELTA (LAKE CHARLES TO LAFAYETTE, LOUISIANA), TENNESSEE TORNADOES, IOWA'S DERECHO WIND STORM, PAKISTAN MONSOON, PAKISTAN'S AVALANCHES AND FLOODS, TYPHOON VAMCO, HURRICANE IOTA (NICARAGUA AND CENTRAL AMERICA), SUDAN FLOOD, TAAL VOLCANO, (MANILA, PHILIPPINES) PUERTO RICO EARTHQUAKE. PLANTED TREES AROUND THE WORLD TO HELP OUR ECOSYSTEM: CALIFORNIA, AUSTRALIA, BRAZIL AMAZON RAIN FOREST, OREGON, INDONESIA RAIN FOREST. PROVIDED COVID-19 RELIEF SUPPLIES FOR DOCTORS, NURSES, AND INDIVIDUALS WORLDWIDE: PPE SUPPLIES IN SPAIN, ITALY, AND HOUSTON TX; QUARANTINE FOOD BOXES IN HOUSTON TX. AWARDED GRANTS TO UNDERPRIVILEGED CHILDREN: UNITED STATES. SUPPORTED VICTIMS OF VIOLENCE IN: MINNESOTA, WISCONSIN, KENTUCKY, EU, LONDON, JAPAN, S. KOREA, LEBANON, CANADA, NEW ZEALAND, TEXAS. ASSISTED CANCER PATIENTS WITH FINANCIAL ASSISTANCE FOR TREATMENTS WITH: PROSTATE CANCER, COLON CANCER, MELANOMA SKIN CANCER, LUNG CANCER. OPULENT PHILANTHROPY INC. HELPED PEOPLE IN NEED ALL AROUND THE WORLD. IN 2022 OUR MISSION IS TO REACH 1 MILLION PEOPLE IN NEED, AND WITH YOUR SUPPORT WE CAN ACHIEVE OUR GOAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS PREPARED BY A CPA WHO IS EXPERIENCED WITH 990 PREPARATION. A DRAFT IS PROVIDED TO THE BOARD FOR THEIR REVIEW. ONCE ALL QUESTIONS HAVE BEEN RESOLVED AND THE DRAFT APPROVED, THE FINAL 990 IS E-FILED. A COPY OF THE FINAL, FILED 990 IS PROVIDED TO THE BOARD AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerPersonGrp/PhoneNum02813998153
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CYNTHIA A COX
ReturnHeader/ReturnTs02021-09-29T09:39:10-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DEWITT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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