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US nonprofit · EIN 200059842 · Salt Lake City, UTiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 200059842) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe time served.Latest return IRS Form 990 series e-file data - 990 for the year to 31 December 2024: assets, liabilities, staff, website, telephone, pay, grants paid (Schedule I).Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue. Not a statement that the organisation is recruiting.Exemption status IRS Automatic Revocation of Exemption List (posted to 13 October 2026).Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

American Opportunity Foundation

Donations deductible
Revenue
$1.1m
year to 31 December 2024
Expenses
$183k
year to 31 December 2024
Total assets
$4.2m
$0 liabilities
Net assets
$4.2m
assets less liabilities
Directors and trustees
3
9.4 years on average
Staff
0
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Voting members
3
reported in Part VI
Exemption reinstated on 15 November 2014. The IRS had automatically revoked it on 15 May 2012 (after three years without a return). Source: IRS Automatic Revocation of Exemption List, posted to 13 October 2026.
How am I connected?

American Opportunity Foundation's network

3 peoplei3 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (3). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.

The board

3 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 3 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Joy S Payne (also filed as Joy Payne)Trustee2017
9 yrs
Richard M TaggartPresident/Trustee2017
9 yrs
Richard P TaggartV President/Trustee2017
9 yrs
Under 5 years5 to 6 years6 years or more

Pay and hours

year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Richard M TaggartPresident/Trustee0.25$0
Richard P TaggartV President/Trustee1.5$0
Joy PayneTrustee1.5$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
American Opportunity Foundation
EIN
200059842
Address
3030 S Main Street, Salt Lake City, UT, 84115-3567
State
Utah
Mission
The purpose of the foundation is to promote educational and scientific objectives by providing scholarships and/or endowments (as filed on the Form 990)
Activity (NTEE)
T31 Philanthropy, voluntary services and grantmaking
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Philanthropy, Voluntarism & Grantmaking Foundations
Size band
6 (IRS master file code)
Formed
1996
Principal officer
Richard M Taggart (as named on the Form 990)
IRS ruling date
1 May 2016
Status
Code 01 (unconditional exemption)
Form 990 filings on record
7, latest 2024
IRS Publication 78
PC (contributions deductible)

Most connected

Longest observed on the filings

≥9years on the filingsJoy S Payne
≥9years on the filingsRichard M Taggart
≥9years on the filingsRichard P Taggart

Latest return

year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.
Total assets
$4.2m
Total liabilities
$0
Net assets or fund balances
$4.2m
Contributions and grants received
$756k
Program service revenue
$0
Grants and similar paid out
$124k
Employees
0

Filed finances

2 yearsiTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2024$1.1m$183k$927k
2023$515k$136k$379k

As filed on the IRS Form 990. US dollars.

Grants paid

2 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.
RecipientPurposeAmount
Brigham Young University$35k
University of UtahScholarships$35k