Open Minds Align Foundation
- Assets
- $17.2m
- Revenue
- $179.8k
- Investments
- $15.5m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-2806214
Organization Overview
Open Minds Align Foundation is located in Fort Lauderdale, FL. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 Minds Align Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Open Minds Align Foundation has awarded 21 individual grants totaling $489,378. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS WERE AWARDED TO 183 STUDENTS ENROLLED IN PROGRAMS AT ELEVEN COLLEGE LOCATIONS IN FLORIDA, ARIZONA, UTAH, MICHIGAN, GEORGIA AND MISSISSIPPI; THESE SCHOLARSHIPS TOTALLED 381,250.
THROUGH ELEMENTARY AND MIDDLE SCHOOLS IN OHIO, ALABAMA, AND NEW MEXICO, 1,536 CHILDREN WERE GIFTED 3 BOOKS EACH TO HAVE AS THEIR OWN AT CHRISTMAS TIME.
13 CHILDREN ATTENDED SUMMER CAMP
SPONSORED NEW SOFTWARE FOR GED PREP AND FIELD TRIPS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $452,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$338,950 |
| Capital Gain Net Income | $1,968 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,403 |
| Total Revenue | $179,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,000 |
| Other employee salaries and wages | $306,000 |
| Pension plans, employee benefits | $30,539 |
| Interest | $71 |
| Taxes | $1,467 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $114,472 |
| Total operating and administrative expenses | $555,266 |
| Contributions, gifts, grants paid | $412,878 |
| Total expenses and disbursements | $968,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,199 |
| Savings and temporary cash investments | $1,261,174 |
| 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 | $400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $500,759 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,221,044 |
| 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 Minds Align Foundation has awarded $412,878 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREWS UNIVERSITY PURPOSE: GENERAL | $2,500 |
CITY COLLEGE PURPOSE: GENERAL | $200,000 |
COVENANT HOUSE PURPOSE: CHARITABLE OPERATIONS | $18,716 |
DAYTONA COLLEGE PURPOSE: GENERAL | $92,125 |
FLORIDA GULF COAST UNIVERSITY PURPOSE: GENERAL | $4,000 |
FLORENCE B MATHIS ELEMENTARY PURPOSE: GENERAL | $9,071 |