Opas Foundation

Public charity · Grantmaker Omaha, NE EIN: 20-3523938

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Omaha

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$8M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

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

Omaha Performing Arts Society: $6.3MOmaha Performing Arts Society$6.3M

The largest 2025 recipient was Omaha Performing Arts Society ($6.3M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M3$1–5M2$5M+

The most common grant size was in the $1–5M range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Omaha Performing Arts Society Omaha, NETo further the mission of Omaha Performing Arts Society.$6,280,586

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$25M$50M$75M$100M2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Updated Form 990 for fiscal year 2020 (received by the IRS April 29, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS May 10, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS May 9, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS May 8, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
  7. 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.

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