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Nonprofiteer
← OPEN DOOR FOUNDATION INC

Form 990 for tax year 2023

Filed by OPEN DOOR FOUNDATION INC.

Totals

Total revenue
$3,639,814
Total expenses
$2,739,215
Contributions and grants received
$2,969,910
Grants paid
$1,683,108
Program service revenue
$0
Investment income
$669,904
Other revenue
$0
Total assets, end of year
$16,369,596
Total liabilities, end of year
$3,105,730
Net assets or fund balances, end of year
$13,263,866
Program services expenses (Part IX)
$1,790,616
Management and general expenses
$457,820
Fundraising expenses
$490,779
Program service expenses (Part III)
$1,790,616

Program services were 65.4% 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.

  • 1f · All other contributions, gifts and grants

    $2,969,910

  • 3 · Investment income

    total $294,212 · excluded $294,212

  • 7a · Gross sales of assets other than inventory

    securities $2,853,908

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

    securities $2,478,216

  • 7c · Gain or loss

    securities $375,692

  • 7d · Net gain or loss

    total $375,692 · excluded $375,692

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,683,108 · program services $1,683,108

  • 5 · Compensation of officers, directors and key employees

    total $45,530 · management and general $45,530

  • 7 · Other salaries and wages

    total $350,883 · management and general $350,883

  • 11c · Fees: accounting

    total $26,779 · program services $26,779

  • 11f · Fees: investment management

    total $34,466 · management and general $34,466

  • 11g · Fees: other

    total $481,975 · fundraising $481,975

  • 12 · Advertising and promotion

    total $845 · management and general $845

  • 13 · Office expenses

    total $23,663 · program services $16,055 · management and general $4,799 · fundraising $2,809

  • 16 · Occupancy

    total $62,121 · program services $47,280 · management and general $14,841

  • 17 · Travel

    total $2,668 · program services $1,466 · management and general $1,202

  • 22 · Depreciation, depletion and amortization

    total $1,304 · program services $992 · management and general $312

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $15,140 · program services $11,523 · management and general $3,617 · fundraising $0

  • 24b · Other expenses: FUNDRAISING

    total $5,995 · program services $0 · management and general $0 · fundraising $5,995

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $3,124 · program services $3,124 · management and general $0 · fundraising $0

  • 24d · Other expenses: EQUIPMENTAL RENTAL

    total $232 · program services $177 · management and general $55

  • 24e · All other expenses

    total $1,382 · program services $112 · management and general $1,270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $611 · end of year $611

  • 2 · Savings and temporary cash investments

    beginning of year $1,130,582 · end of year $1,541,798

  • 3 · Pledges and grants receivable

    beginning of year $1,058,183 · end of year $2,216,364

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,022 · end of year $9,237

  • 10a · Land, buildings and equipment: cost or other basis

    $91,368

  • 10b · Land, buildings and equipment: accumulated depreciation

    $87,458

  • 10c · Land, buildings and equipment, net

    beginning of year $5,214 · end of year $3,910

  • 11 · Investments: publicly traded securities

    beginning of year $10,434,209 · end of year $12,595,876

  • 15 · Other assets

    beginning of year $600 · end of year $1,800

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,655 · end of year $19,924

  • 19 · Deferred revenue

    beginning of year $93,085 · end of year $91,085

  • 25 · Other liabilities

    beginning of year $1,297,230 · end of year $2,994,721

  • 27 · Net assets without donor restrictions

    beginning of year $10,938,317 · end of year $12,225,200

  • 28 · Net assets with donor restrictions

    beginning of year $283,134 · end of year $1,038,666

Mission and programs · 2023

Mission

THE MISSION OF THE OPEN DOOR FOUNDATION IS TO PROMOTE COMMUNITY HEALTH THROUGH PHILANTHROPIC SUPPORT OF THE OPEN DOOR FAMILY MEDICAL CENTERS AND OTHER INITIATIVES DESIGNED TO ENHANCE THE HEALTH AND WELLNESS OF PEOPLE IN THE COMMUNITIES OPEN DOOR SERVES. THE FOUNDATION ALSO PROVIDES SUPPORT TO OPEN DOOR'S FINANCIAL OPERATIONS AND INVESTMENTS.

Activities or mission (Part I)

TO SOLICIT CONTRIBUTIONS AND TO PROMOTE THE HEALTH OF THE RESIDENTS OF WESTCHESTER AND PUTNAM COUNTIES.

  • THE OPEN DOOR FOUNDATION WAS INCORPORATED TO PROMOTE THE HEALTH OF THE RESIDENTS OF ULSTER, WESTCHESTER AND PUTNAM COUNTIES, NEW YORK, ESPECIALLY PEOPLE WHO ARE MEDICALLY UNDERSERVED. IT COLLECTS AND DISSEMINATES INFORMATION ABOUT PROGRAMS THAT ENHANCE THE HEALTH AND WELL BEING OF THE PUBLIC. IT CONSULTS WITH HEALTH CARE PROVIDERS AND OFFERS A FORUM FOR EXAMINING HEALTH RELATED ISSUES. IT PROMOTES THE AVAILABILITY, ACCESSABILITY AND QUALITY OF HEALTH CARE IN ULSTER, WESTCHESTER AND PUTNAM COUNTIES. THE OPEN DOOR FOUNDATION SOLICITS AND ADMINISTERS CONTRIBUTIONS AND GRANTS FOR THE BENEFIT OF HEALTH CARE ORGANIZATIONS IN ULSTER, WESTCHESTER AND PUTNAM COUNTIES LICENSED UNDER ARTICLE 28 OF THE NEW YORK PUBLIC HEALTH LAW INCLUDING BUT NOT LIMITED TO OPEN DOOR FAMILY MEDICAL CENTER.

    Expenses $1,790,616 · Grants $1,683,108

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANITA SUCHDEO

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRENDAN O'ROURKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHIANN ROVETO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HOWARD S SCHRADER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMIE JENSEN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KATE SANZENBACHER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KIM O'CONNOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA MOGIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA PICONE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LESLIE CHANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NOI SUKAVIRAYA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT GLAZER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SEAN MARAYNES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LINDSAY C FARRELL

    PRESIDENT & CEO

    Total calculated
    $606,885
    From this org
    $28,190
    From related orgs
    $535,608
    Other
    $43,087
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $25,871 + $491,540 related
    Bonus
    $1,893 + $35,961 related
    Other
    $426 + $8,107 related
    Deferred
    $1,606 + $30,522 related
    Nontaxable benefits
    $548 + $10,411 related
    Filer's total
    $30,344 + $576,541 related

  • MARIA MAZZOTTA

    CHIEF FINANCE OFFICER

    Total calculated
    $325,406
    From this org
    $15,728
    From related orgs
    $299,023
    Other
    $10,655
    Hours/week
    2 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $13,988 + $265,980 related
    Bonus
    $1,631 + $30,979 related
    Other
    $109 + $2,064 related
    Deferred
    $493 + $9,360 related
    Nontaxable benefits
    $40 + $762 related
    Filer's total
    $16,261 + $309,145 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
OPEN DOOR FOUNDATION, INC. RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF OPEN DOOR FAMILY MEDICAL CENTER, INC., A RELATED ENTITY. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY OPEN DOOR FAMILY MEDICAL CENTER: THE EXECUTIVE COMMITTEE OF THE BOARD CONDUCTS PARITY STUDIES TO EVALUATE EXECUTIVE COMPENSATION. THE ENTIRE BOARD GOES INTO EXECUTIVE SESSION TO EVALUATE THE CEO AND DETERMINE COMPENSATION. THE CEO CONDUCTS PARITY STUDIES TO EVALUATE OFFICERS AND KEY EMPLOYEES' SALARIES FOR THE EXECUTIVE COMMITTEE. THESE SALARIES, AND THE SALARIES OF THE ENTIRE ORGANIZATION, ARE PRESENTED TO THE BOARD FOR APPROVAL DURING THE BUDGET APPROVAL PROCESS TOWARD YEAR-END. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THE COMPENSATION DELIBERATION AND DECISION IN THE BOARD MINUTES.
PART I, LINE 4B
LINDSAY C. FARRELL, PRESIDENT & CEO PARTICIPATE IN A SUPPLEMENTAL 457(F) NON-QUALIFIED RETIREMENT PLAN.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
5 September 2024
IRS schema version
2023v5.1
Source object
202422519349300007

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