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Nonprofiteer
← MBA OPENS DOORS FOUNDATION

Form 990 for tax year 2024

Filed by MBA OPENS DOORS FOUNDATION.

Totals

Total revenue
$4,262,283
Total expenses
$3,084,138
Contributions and grants received
$4,089,202
Grants paid
$3,018,306
Program service revenue
$0
Investment income
$173,081
Other revenue
$0
Total assets, end of year
$8,834,000
Total liabilities, end of year
$34,789
Net assets or fund balances, end of year
$8,799,211
Program services expenses (Part IX)
$3,020,018
Management and general expenses
$49,529
Fundraising expenses
$14,591
Program service expenses (Part III)
$3,020,018

Program services were 97.9% 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.

  • 1c · Fundraising events

    $223,220

  • 1d · Related organizations

    $16,563

  • 1f · All other contributions, gifts and grants

    $3,849,419

  • 1g · Noncash contributions included above

    $101,250

  • 3 · Investment income

    total $162,218 · excluded $162,218

  • 7a · Gross sales of assets other than inventory

    securities $7,254,473

  • 7b · Less cost or other basis and sales expenses

    securities $7,243,610

  • 7c · Gain or loss

    securities $10,863

  • 7d · Net gain or loss

    total $10,863 · excluded $10,863

  • 8a · Fundraising events: gross income

    $101,250

  • 8a · Fundraising events: contributions included on line 1c

    $223,220

  • 8b · Fundraising events: direct expenses

    $101,250

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,018,306 · program services $3,018,306

  • 7 · Other salaries and wages

    total $88 · management and general $16 · fundraising $72

  • 11f · Fees: investment management

    total $130 · management and general $130

  • 11g · Fees: other

    total $113 · management and general $113

  • 13 · Office expenses

    total $58,444 · program services $712 · management and general $49,270 · fundraising $8,462

  • 17 · Travel

    total $1,000 · program services $1,000

  • 19 · Conferences, conventions and meetings

    total $6,057 · fundraising $6,057

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $987,876 · end of year $596,217

  • 2 · Savings and temporary cash investments

    beginning of year $1,129,148 · end of year $846,134

  • 3 · Pledges and grants receivable

    beginning of year $2,527,102 · end of year $2,930,978

  • 9 · Prepaid expenses and deferred charges

    beginning of year $214,049 · end of year $218,640

  • 11 · Investments: publicly traded securities

    beginning of year $2,709,158 · end of year $4,240,650

  • 15 · Other assets

    beginning of year $26,291 · end of year $1,381

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,520 · end of year $16,785

  • 25 · Other liabilities

    beginning of year $0 · end of year $18,004

  • 27 · Net assets without donor restrictions

    beginning of year $6,813,496 · end of year $8,115,563

  • 28 · Net assets with donor restrictions

    beginning of year $772,608 · end of year $683,648

Mission and programs · 2024

Mission

THE PURPOSE OF THE CORPORATION IS TO CREATE AND DELIVER PROGRAMS THAT PROVIDE CHARITABLE ASSISTANCE TO FAMILIES WITH CRITICALLY ILL OR INJURED CHILDREN FOR THE PURPOSE OF AIDING IN THE SECURITY OF THEIR HOMES.IN JANUARY 2025, THE OPENS DOORS FOUNDATION CREATED A SPECIAL PROGRAM CALLED THE DISASTER RELIEF PROGRAM, WHICH WAS DESIGNED TO ASSIST FAMILIES IMPACTED BY THE WILDFIRES IN SO CALIFORNIA. THE PROGRAM HAS THE SAME MISSION AND SIMILAR CRITERIA FOR ELIGIBILITY BUT WAS LIMITED TO FAMILIES WITH A CHILD IN TREATMENT AT LA CHILDREN'S HOSPITAL. THE DISASTER RELIEF PROGRAM IS NOW OPEN TO ALL OPENS DOORS HOSPITAL PARTNERS AND WILL CONTINUE TO BE AVAILABLE UNTIL THE PROGRAM HAS EXPENDED THE FUNDS AVAILABLE OR UNTIL THE PROGRAM RECEIVES ADDITIONAL FUNDING.

Activities or mission (Part I)

THE PURPOSE OF THE CORPORATION IS TO CREATE AND DELIVER PROGRAMS THAT PROVIDE ASSISTANCE TO FAMILIES WITH CRITICALLY ILL OR INJURED CHILDREN FOR THE PURPOSE OF AIDING IN THE SECURITY OF THEIR HOMES. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION: (A) SHALL DEVELOP AND PROMOTE PHILANTHROPIC PROGRAMS AIMED AT THESE AREAS; AND (B) MAY CARRY ON ANY AND ALL LAWFUL ACTIVITIES RELATED THERETO, ALLOWED UNDER THE ACT, WHETHER OR NOT STATED HEREIN.

  • MBA OPENS DOORS FOUNDATION (ODF) WAS CREATED TO SPONSOR PHILANTHROPIC ACTIVITIES FOCUSED ON HELPING FAMILIES MAINTAIN THEIR HOMES, AS WELL AS TO PROVIDE CHARITABLE SUPPORT. ODF'S FIRST INITIATIVE MAKES MORTGAGE AND RENTAL ASSISTANCE PAYMENT GRANTS TO PARENTS AND GUARDIANS WITH CRITICALLY ILL OR INJURED CHILDREN, ALLOWING THEM TO TAKE UNPAID LEAVE FROM WORK AND SPEND PRECIOUS TIME TOGETHER WITHOUT JEOPARDIZING THEIR CHERISHED HOMES, CONSISTENT WITH PERMISSIBLE CHARITABLE ACTIVITIES FOR TAX-EXEMPT ORGANIZATIONS AUTHORIZED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.THE MBA OPENS DOORS FOUNDATION MORTGAGE AND RENTAL GRANT ASSISTANCE INITIATIVE IS A PROGRAM BY WHICH DESIGNATED HEALTH CARE PROVIDERS IDENTIFY AND PROVIDE HOME GRANT PROGRAM INFORMATION TO FAMILIES THAT MAY BENEFIT FROM FINANCIAL SUPPORT.THE MBA OPENS DOORS FOUNDATION (ODF):- IDENTIFIES AND FACILITATES THE DESIGNATION OF ADDITIONAL HEALTHCARE PROVIDERS.- ESTABLISHED ITS FIRST DESIGNATED HEALTH CARE PROVIDER IN THE WASHINGTON, DC METROPOLITAN AREA: THE CHILDREN'S NATIONAL MEDICAL CENTER. SINCE ESTABLISHING ITS RELATIONSHIP WITH CHILDREN'S NATIONAL MEDICAL CENTER, THE FOUNDATION HAS DESIGNATED 12 MORE HEALTH CARE PROVIDERS AROUND THE COUNTRY AND IS CURRENTLY RECEIVING GRANTS FROM 13 PROVIDERS FOR THE CURRENT REPORTING PERIOD.IN JANUARY 2025, THE OPENS DOORS FOUNDATION CREATED A SPECIAL PROGRAM CALLED THE DISASTER RELIEF PROGRAM, WHICH WAS DESIGNED TO ASSIST FAMILIES IMPACTED BY THE WILDFIRES IN SO CALIFORNIA. THE PROGRAM HAS THE SAME MISSION AND SIMILAR CRITERIA FOR ELIGIBILITY BUT WAS LIMITED TO FAMILIES WITH A CHILD IN TREATMENT AT LA CHILDREN'S HOSPITAL. THE DISASTER RELIEF PROGRAM IS NOW OPEN TO ALL OPENS DOORS HOSPITAL PARTNERS AND WILL CONTINUE TO BE AVAILABLE UNTIL THE PROGRAM HAS EXPENDED THE FUNDS AVAILABLE OR UNTIL THE PROGRAM RECEIVES ADDITIONAL FUNDING.

    Expenses $3,020,018 · Grants $3,018,306

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Broeksmit

    ODF DIRECTOR, MBA PRESIDENT

    Total calculated
    $2,224,745
    From this org
    $0
    From related orgs
    $1,979,633
    Other
    $245,112
    Hours/week
    0.3 + 34.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,369,274 related
    Bonus
    $0 + $586,819 related
    Other
    $0 + $23,540 related
    Deferred
    $0 + $204,033 related
    Nontaxable benefits
    $0 + $41,079 related
    Filer's total
    $0 + $2,224,745 related

  • Debra Still

    ODF CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Andrew Bon Salle

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jean Bradley

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Christine Chandler

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • James M Deitch

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Laura Escobar

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kristy Fercho

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Karen Fratantoni

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Christopher M George

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Debby L Jenkins

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mark A Jones

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Owen Lee

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • J David Motley

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kurt Pfotenhauer

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Matthew G Rocco Sr

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Lamia Soghier

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Susan T Stewart

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Brian F Stoffers

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jeffrey C Taylor

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Richard G Thornberry

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Nolan Turner

    ODF DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Michael Briggs

    ODF SECRETARY & GENERAL COUNSEL

    Total calculated
    $436,612
    From this org
    $0
    From related orgs
    $397,060
    Other
    $39,552
    Hours/week
    0.3 + 34.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,520 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $540 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $18,852 related
    Filer's total
    $0 + $436,612 related

  • Elaine Howard Harrington

    ODF DIRECTOR

    Total calculated
    $397,246
    From this org
    $0
    From related orgs
    $336,831
    Other
    $60,415
    Hours/week
    0.3 + 34.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,291 related
    Bonus
    $0 + $28,000 related
    Other
    $0 + $540 related
    Deferred
    $0 + $19,336 related
    Nontaxable benefits
    $0 + $41,079 related
    Filer's total
    $0 + $397,246 related

  • Deborah Dubois

    ODF PRESIDENT

    Total calculated
    $363,329
    From this org
    $0
    From related orgs
    $324,685
    Other
    $38,644
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $300,145 related
    Bonus
    $0 + $24,000 related
    Other
    $0 + $540 related
    Deferred
    $0 + $18,392 related
    Nontaxable benefits
    $0 + $20,252 related
    Filer's total
    $0 + $363,329 related

  • Astrid Vermeer

    ODF TREASURER INCOMING 10/21/24

    Total calculated
    $120,965
    From this org
    $0
    From related orgs
    $113,060
    Other
    $7,905
    Hours/week
    0.3 + 34.7 related

  • Lisa Haynes

    ODF TREASURER UNTIL 9/30/24

    Total calculated
    $415,235
    From this org
    $0
    From related orgs
    $371,405
    Other
    $43,830
    Hours/week
    0.3 + 34.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,506 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $36,899 related
    Deferred
    $0 + $17,775 related
    Nontaxable benefits
    $0 + $26,055 related
    Filer's total
    $0 + $415,235 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FILING ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS COMPENSATED BY MORTGAGE BANKERS ASSOCIATION ("MBA"), A RELATED TAX-EXEMPT ORGANIZATION. THE PROCESS UNDERTAKEN BY MBA IS AS FOLLOWS: 1. REVIEW AND APPROVAL. THE COMPENSATION COMMITTEE, ON BEHALF OF THE BOARD, WILL REVIEW AND APPROVE THE COMPENSATION OF MBA'S CHIEF EMPLOYED EXECUTIVE, THE PRESIDENT, PROVIDED THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 'COMPENSATION' MEANS INITIAL SALARY, SPECIAL BENEFITS NOT GENERALLY AVAILABLE TO MBA STAFF, SALARY INCREASES AND BONUSES. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION COMMITTEE WILL REVIEW AND SET THE COMPENSATION OF THE PRESIDENT USING AS REFERENCES POINTS: (I) COMPENSATION OF ANY PREDECESSOR PRESIDENT, AND (II) READILY AVAILABLE PUBLIC DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (FORMAL BENCHMARKING STUDIES BY OUTSIDE COMPENSATION CONSULTANTS NEED NOT BE COMMISSIONED ANNUALLY BUT MAY BE SOUGHT PERIODICALLY). 3. ASSESSMENT OR PERFORMANCE. THE COMPENSATION COMMITTEE WILL TAKE INTO ACCOUNT: (I) THE LEVEL OF ATTAINMENT OF MBA'S GOALS AND OBJECTIVES OVER THE REVIEW PERIOD, (II) THE NATURE OF THE PARTICULAR EXTERNAL AND INTERNAL CHALLENGES FACING MBA OVER THE REVIEW PERIOD, AND (III) SUCH OTHER CONSIDERATIONS AS MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. 5. A COMPENSATION CONSULTANT IS HIRED TO ADVISE IN THIS PROCESS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.5
Source object
202640489349301559

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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