Form 990 for tax year 2022
Filed by OPEN HEARTS BIG DREAMS FUND.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2022 , filed 28 June 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- -$51,651
- Total expenses
- $73,420
- Contributions and grants received
- $139,727
- Grants paid
- $1,900
- Program service revenue
- $0
- Investment income
- $39
- Other revenue
- -$191,417
- Total assets, end of year
- $366,655
- Total liabilities, end of year
- $247,484
- Net assets or fund balances, end of year
- $119,171
- Program services expenses (Part IX)
- $60,838
- Management and general expenses
- $10,331
- Fundraising expenses
- $2,251
- Program service expenses (Part III)
- $60,838
Program services were 82.9% 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.
-
1e · Government grants (contributions)
$12,520
-
1f · All other contributions, gifts and grants
$127,207
-
3 · Investment income
total $39 · related or exempt $39
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$62,781
-
10b · Cost of goods sold
$254,198
-
10c · Net income from sales of inventory
total -$191,417 · related or exempt -$191,417
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $1,900 · program services $1,900
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,700 · management and general $3,700
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $10,924 · program services $8,100 · management and general $2,050 · fundraising $774
-
12 · Advertising and promotion
total $7,613 · program services $7,613
-
13 · Office expenses
total $4,883 · program services $966 · management and general $3,917
-
14 · Information technology
total $7,724 · program services $7,724
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $11,847 · program services $11,847
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $5,000 · program services $5,000
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $664 · management and general $664
-
24a · Other expenses: Design Costs: Ready Set Go
total $17,087 · program services $17,087
-
24b · Other expenses: Fundraising Events
total $1,219 · fundraising $1,219
-
24c · Other expenses: Postage and Shipping
total $601 · program services $601
-
24d · Other expenses: Meals & Entertainment
total $258 · fundraising $258
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $486,837 · end of year $366,655
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $243,400 · end of year $242,500
-
25 · Other liabilities
beginning of year $95 · end of year $4,984
-
31 · Retained earnings, endowment or other funds
beginning of year $243,342 · end of year $119,171
Mission and programs · 2022
Mission
OHBD focuses on K-14 game-changing literacy, innovation, inclusion & leadership projects in Ethiopia. ReadySetGo books helps increase literacy & Innovation Program increases local problem-solving capacity. We create local capacity and use grants to amplify innovation.
-
Ongoing work on innovation pilot efforts to increase problem solving capacity including CS & Leadership training and supporting our Model Project libraries and project.
Expenses $30,004
-
"ReadySetGo Books is an innovative approach to increasing literacy by closing a key gap, the lack of early readers books, by creating and publishing 200 unique, colorful, and culturally appropriate books. The sales of ReadySetGo Books is listed on the statement of revenue. This outlines the costs associated with producing the books, not included above."
Expenses $17,087 · Revenue $62,781
-
Creating local capacity by printing our books in country, amplify innovation and inclusion by Model Programs grants and strategic support.
Expenses $13,747 · Grants $1,900
As filed on the 2022 return.
Listed in Part VII
-
Eyoel Asfaw
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tizita Assefa
Director
- Total calculated
- $0
- Hours/week
- 1
-
Amy Bates
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rajitha Boer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pazion Cherinet
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Clements
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sultan Mohammed
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kara Valentine
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Teferi Abate Adem
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Mazukelli
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tadesse Kassie Melesse
Director
- Total calculated
- $0
- Hours/week
- 1
-
Angel Shimelish
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bethelehem Tsegaye
Director
- Total calculated
- $0
- Hours/week
- 2
-
Yenenesh Shewaneh
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ellenore Angelidis
President
- Total calculated
- $0
- Hours/week
- 30
-
Kati Cardea
Treasurer
- Total calculated
- $0
- Hours/week
- 2
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
- 4 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323089349300312
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