Open Door Foundation
- Assets
- $5.9m
- Revenue
- $592.6k
- Investments
- $5.5m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 41-1859476
Organization Overview
Open Door Foundation is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Door 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 12/2021, Open Door Foundation generated $592.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $284.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Open Door Foundation has awarded 171 individual grants totaling $1,507,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hartwell President/treasurer | 0 | $0 | |
Elizabeth Debaut V. President/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $190,106 |
| Interest on Savings | $6,156 |
| Dividends & Interest | $45,131 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $251,670 |
| Capital Gain Net Income | $251,670 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99,527 |
| Total Revenue | $592,590 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $18,300 |
| Other expenses | $5,467 |
| Total operating and administrative expenses | $48,556 |
| Contributions, gifts, grants paid | $236,200 |
| Total expenses and disbursements | $284,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,653 |
| Savings and temporary cash investments | $386,532 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,546,895 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,939,080 |
| 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 |
Grants Awarded
Over the last fiscal year, Open Door Foundation has awarded $236,200 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA LAND TRUST PURPOSE: PROTECT OPEN SPACE IN MINNESOTA | $55,000 |
New York, NY PURPOSE: PROTECT ENVIRONMENT CONSERVE AND RESTORE NATURAL ECOSYSTEMS | $50,000 |
LAND TRUST ALLIANCE PURPOSE: PROMOTE VOLUNTARY LAND CONSERVATION | $25,000 |
PEOPLE INCORPORATED PURPOSE: PROMOTES INDEPENDENCE AND COMMUNITY INTEGRATION FOR PEOPLE WITH BRAIN DISORDERS | $25,000 |
Santa Cruz, CA PURPOSE: MOST EFFECTIVE ORGANIZATION IN TERMS OF SPECIES SAVED FROM EXTINCTION | $25,000 |
AUDUBON MINNESOTA PURPOSE: PROTECT ENVIRONMENT CONSERVE AND RESTORE NATURAL ECOSYSTEMS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Door Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mark A And Lisa J Walsh Foundation New York, NY PURPOSE: GENERAL USE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |