For additional articles covering OUR, please go to ACJ Investigates- Derailed: Operation Underground Railroad
Starting Position (Beginning of Year Assets)
At the beginning of 2023, Operation Underground Railroad reported:
Total Assets:
$71,484,414
This represents what O.U.R. entered 2023 with in cash, investments, receivables, property, and other organizational assets.
Money Collected During 2023
The organization reported:
Contributions and Grants:
$43,896,399
Additional revenue included:
Program service revenue:
$2,876,348
Investment income:
$3,222,429
Other revenue:
$422,737
Total reported revenue:
$50,417,913
That means O.U.R. brought in more than $50.4 million during 2023.
What They Had Available at End of Year
End-of-year total assets:
$68,974,653
Net assets/fund balance:
$56,378,110
So after all operations and spending, O.U.R. still ended 2023 with over $56.3 million in net assets available.
Total Spending (2023)
Total expenses:
$53,004,028
Program service expenses:
$34,282,622
Officer Compensation
The filing lists compensation for executives and key personnel.
Tim Ballard
Position: Founder and CEO
Reported compensation:
$566,993 salary/reportable compensation
Additional compensation and benefits:
$34,386
Total disclosed compensation package:
$601,379
Other listed compensation:
Simon Brewer: $415,000 (+$46,189 other compensation)
Matthew Osborne: $352,997 (+$53,429)
Brad Damon: $305,667 (+$22,725)
Jessica Mass: $233,680 (+$25,487)
David W. Jacobs: $224,053 (+$19,031)
ACJ Observational Notes
O.U.R. entered 2023 with approximately $71.5 million in assets and ended the year with $69 million in total assets, reflecting a decline of approximately:
-$2.5 million
The organization reported $50.4 million in revenue but also reported $53 million in expenses, resulting in a year-end operating loss of:
-$2,586,115
Tim Ballard’s disclosed compensation exceeded $600,000 in 2023 according to the Form 990 filing.
