Open Church Foundation
- Assets
- $1.4m
- Revenue
- $178.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wellesley Hills, MA
- Founding
- 09/1943
- Data as of
- 06/2024
- EIN
- 04-2108377
Organization Overview
Open Church Foundation is located in Wellesley Hills, MA. The organization was established in 1943. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Church Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Open Church Foundation generated $178.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $139.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS COMMUNICATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Rideout Trustee | 30 | $69,871 | |
Chuck Larson Trustee | 5 | $0 | |
Rev Dr Richard Weisenbach Trustee | 5 | $0 | |
Natasha Hope Trustee | 5 | $0 | |
David Kwak Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,948 |
| Interest on Savings | $9,613 |
| Dividends & Interest | $30,099 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,734 |
| Capital Gain Net Income | $77,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58,578 |
| Total Revenue | $177,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,871 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,415 |
| Depreciation | $2,600 |
| Occupancy | $17,758 |
| Travel, conferences, and meetings | $6,118 |
| Printing and publications | $12,389 |
| Other expenses | $22,248 |
| Total operating and administrative expenses | $139,524 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $139,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,440 |
| Savings and temporary cash investments | $315,083 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $312 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $13,001 |
| Other assets | -$120,825 |
| Total assets | $1,367,082 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |