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Nonprofiteer
← OPEN FUTURE INSTITUTE

Form 990 for tax year 2022

Filed by OPEN FUTURE INSTITUTE.

Totals

Total revenue
$543,252
Total expenses
$452,265
Contributions and grants received
$394,671
Grants paid
$0
Program service revenue
$148,581
Investment income
$0
Other revenue
$0
Total assets, end of year
$704,412
Total liabilities, end of year
$679
Net assets or fund balances, end of year
$703,733
Program services expenses (Part IX)
$351,043
Management and general expenses
$73,265
Fundraising expenses
$27,957
Program service expenses (Part III)
$351,043

Program services were 77.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $19,100

  • 1f · All other contributions, gifts and grants

    $375,571

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $148,581 · related or exempt $148,581

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $114,486 · program services $103,624 · management and general $4,345 · fundraising $6,517

  • 7 · Other salaries and wages

    total $183,642 · program services $168,542 · management and general $6,040 · fundraising $9,060

  • 9 · Other employee benefits

    total $17,681 · program services $13,943 · management and general $1,495 · fundraising $2,243

  • 10 · Payroll taxes

    total $20,934 · program services $19,212 · management and general $689 · fundraising $1,033

  • 11b · Fees: legal

    total $916 · program services $525 · management and general $391

  • 11c · Fees: accounting

    total $7,281 · management and general $7,281

  • 11g · Fees: other

    total $5,540 · management and general $5,540

  • 13 · Office expenses

    total $6,839 · program services $579 · management and general $6,209 · fundraising $51

  • 16 · Occupancy

    total $36,000 · management and general $36,000

  • 23 · Insurance

    total $5,614 · program services $2,807 · management and general $2,807

  • 24a · Other expenses: PROGRAM EXPENSES OTHER

    total $33,170 · program services $33,170

  • 24b · Other expenses: TRAVEL & MEETINGS

    total $12,484 · program services $8,414 · management and general $814 · fundraising $3,256

  • 24c · Other expenses: NETWORKING

    total $6,043 · management and general $246 · fundraising $5,797

  • 24d · Other expenses: MEALS

    total $1,635 · program services $227 · management and general $1,408

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $610,530 · end of year $701,412

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,000 · end of year $3,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $784 · end of year $679

  • 27 · Net assets without donor restrictions

    beginning of year $612,746 · end of year $703,733

Mission and programs · 2022

Mission

OUR MISSION IS TO EXPAND AND PROMOTE THE EVOLUTION OF CULTURE IN ORDER TO SUPPORT THE ADVANCEMENT OF SOCIETY AND TO ADDRESS GLOBAL CHALLENGES AT THEIR SOURCE.

Activities or mission (Part I)

PROVIDE STUDENTS WITH VISION AND CORE VALUES.

  • THE QUESTION PROJECT PROVIDES FORUMS FOR HIGH SCHOOL AND UNIVERSITY STUDENTS GLOBALLY TO REFLECT ON THEIR BELIEFS, VALUES, AND PURPOSE. IT IS DESIGNED TO GIVE STUDENTS AN OPPORTUNITY TO ENGAGE AUTHENTICALLY WITH THEIR CORE VALUES AND HOW THEY DEFINE MEANING AT A STAGE IN THEIR LIVES WHEN THEY BEGIN MAKING CHOICES THAT WILL SET THE TRAJECTORY OF THEIR FUTURE. THIS INITIATIVE AIMS TO SUPPORT STUDENTS' SENSE OF RESPONSIBILITY TO THE GREATER SOCIETY, THEIR POTENTIAL FOR INSPIRED LEADERSHIP, AND THEIR CAPACITY TO RESPOND CREATIVELY TO THE PRESSING NEEDS OF OUR TIME WITH VISION AND PURPOSE.

    Expenses $351,043 · Revenue $148,581

As filed on the 2022 return.

Listed in Part VII

  • GERARD SENEHI

    FOUNDER PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    20

  • JONATHAN LEVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARLA PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEL JEWITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MUMTAZ A KAZIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANCESCA RUSCIANI

    CO-FOUNDER & EXECUTIVE DIRECTOR

    Total calculated
    $114,486
    From this org
    $90,000
    From related orgs
    $0
    Other
    $24,486
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202311299349304771

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