The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society.
Key facts about Opas Foundation
In short: Opas Foundation gave $6.3M across 1 grant in 2025 (avg $6.3M), mostly in Nebraska. Source: 2025 IRS Form 990.
- EIN
- 20-3523938
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $6,280,586
- Grants made (2025)
- 1
- Average grant
- $6,280,586
- Median grant
- $6,280,586
- Total assets
- $332,064,388
- Primary geography
- Nebraska (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$332.1M
+2.9% YoY
Annual Giving
$6.3M
+6.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$6.3M
+6.3% YoY
How Opas Foundation gives
- Giving grew 60% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Opas Foundation
Based on IRS filings
Opas Foundation is a public charity focused on Arts, Culture & Humanities, based in Omaha, NE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $332.1M in total assets. In 2025, it awarded 1 grant totaling $6.3M. Net investment income was $6.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $3.8M (2020) to $6.3M (2025). In 2025 it made 1 grant totaling $6.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Omaha Performing Arts Society ($6.3M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 5 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Omaha Performing Arts Society Omaha, NE | To further the mission of Omaha Performing Arts Society. | $6,280,586 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $332,064,388 | $322,736,275 | $295,903,134 |
| Revenue | $18,638,327 | $29,538,054 | $88,718,176 |
| Expenses | $11,774,017 | $11,415,138 | $7,198,754 |
| Net Investment Income | $6,883,633 | $2,772,863 | $4,462,761 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 29, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Opas Foundation is led by Joan H. Squires, President on every filing since 2020; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joan H. Squires
President
On filings since 2020
5 hrs/week
No compensation reported
Michael McCarthy
Chair
Director → Chair, 2022
On filings since 2020
1 hr/week
No compensation reported
Carl G. Mammel
Director
On filings since 2020
1 hr/week
No compensation reported
Rodrigo Lopez
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer Hamann
Director
On filings since 2022
1 hr/week
No compensation reported
Michael Cassling
Director
On filings since 2024
1 hr/week
No compensation reported
Arnold Reeves
Senior Vice President, COO & Treasurer
Senior Vice President, CFO & Treasurer → Senior Vice President, COO & Treasurer, 2025
On filings since 2020
5 hrs/week
No compensation reported
Jack Koraleski
Vice Chair
Director → Vice Chair, 2022
On filings since 2020
1 hr/week
No compensation reported
John Boyer
Secretary
Secretary → Director, 2022
Director → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Sabrina Weiss
Senior Vice President of Development
Vice President - Development → Senior Vice President of Development, 2025
On filings since 2022
5 hrs/week
No compensation reported
Former officers (1)
- Former: John Gottschalk (2020–2021) — Chair
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Opas Foundation
How much does Opas Foundation give each year?
Opas Foundation gave $6.3M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $5.9M across 1 grant.
How large is Opas Foundation?
Opas Foundation reported $332.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $18.6M.
What is Opas Foundation?
Opas Foundation is a public charity focused on Arts, Culture & Humanities, based in Omaha, NE. It holds $332.1M in total assets as of 2025.
Where does Opas Foundation operate?
Opas Foundation has awarded grants in Nebraska.
What is Opas Foundation's EIN?
Opas Foundation's EIN (Employer Identification Number) is 20-3523938. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Opas Foundation by hand.
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