Civic Intelligence

Open Future Institute

990 • Fiscal year 2016 • EIN 45-5494252

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileOPENFUTUREINSTITUTE.ORG
301 West 57th Street No 45ANew York, NY 10019

(917) 405-7331

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.52x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

0.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Net Margin

60th percentile

7.0%

Higher net margin than 60% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Top Officer Pay

98th percentile

$60,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 27.5% of source-year revenue.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Asset Growth

91st percentile

203%

Faster asset growth than 91% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

35%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$104,849

Up $70,234 (+203%) from 2015

Net Assets

Up

$49,888

Up $15,321 (+44%) from 2015

Liabilities

Up

$54,961

Up $54,913 (+114402%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin60th percentile

Revenue

Up

$217,870

Up $56,590 (+35%) from 2015

Expenses

Up

$202,549

Up $44,262 (+28%) from 2015

Net Income

Up

$15,321

Up $12,328 (+412%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2012: $38,828Liabilities 2012: $0Net Assets 2012: $38,8282012Assets 2013: $37,295Liabilities 2013: $329Net Assets 2013: $36,9662013Assets 2014: $31,574Liabilities 2014: $0Net Assets 2014: $31,5742014Assets 2015: $34,615Liabilities 2015: $48Net Assets 2015: $34,5672015Assets 2016: $104,849Liabilities 2016: $54,961Net Assets 2016: $49,8882016Assets 2017: $314,169Liabilities 2017: $93,035Net Assets 2017: $221,1342017Assets 2018: $381,247Liabilities 2018: $9,275Net Assets 2018: $371,9722018Assets 2019: $349,132Liabilities 2019: $8,005Net Assets 2019: $341,1272019Assets 2020: $502,372Liabilities 2020: $3,996Net Assets 2020: $498,3762020Assets 2021: $613,530Liabilities 2021: $784Net Assets 2021: $612,7462021Assets 2022: $704,412Liabilities 2022: $679Net Assets 2022: $703,7332022Assets 2023: $862,937Liabilities 2023: $5,081Net Assets 2023: $857,8562023Assets 2024: $913,245Liabilities 2024: $5,548Net Assets 2024: $907,6972024

Highlighted filing

2016

Assets$104,849
Liabilities$54,961
Net Assets$49,888
Open 2016 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $49,500Expenses 2012: $10,672Net Income 2012: $38,8282012Revenue 2013: $48,945Expenses 2013: $50,807Net Income 2013: -$1,8622013Revenue 2014: $89,434Expenses 2014: $94,826Net Income 2014: -$5,3922014Revenue 2015: $161,280Expenses 2015: $158,287Net Income 2015: $2,9932015Revenue 2016: $217,870Expenses 2016: $202,549Net Income 2016: $15,3212016Revenue 2017: $362,475Expenses 2017: $191,229Net Income 2017: $171,2462017Revenue 2018: $459,714Expenses 2018: $308,876Net Income 2018: $150,8382018Revenue 2019: $276,353Expenses 2019: $307,198Net Income 2019: -$30,8452019Revenue 2020: $460,906Expenses 2020: $303,657Net Income 2020: $157,2492020Revenue 2021: $546,215Expenses 2021: $431,845Net Income 2021: $114,3702021Revenue 2022: $543,252Expenses 2022: $452,265Net Income 2022: $90,9872022Revenue 2023: $541,342Expenses 2023: $387,081Net Income 2023: $154,2612023Revenue 2024: $436,566Expenses 2024: $425,410Net Income 2024: $11,1562024

Highlighted filing

2016

Revenue$217,870
Expenses$202,549
Net Income$15,321
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$217,870
Mission and Program Overview

Mission

Our mission is to expand and promote the evolution of culture in order to support the advancement of society and to address global challenges at their source.

Provide students with vision and core values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$34,516$104,849▲ $70,333
Accounts Receivable$99--
Total Assets$34,615$104,849▲ $70,234
Liabilities
Deferred Revenue-$50,000-
Other Liabilities$48$4,961▲ $4,913
Total Liabilities$48$54,961▲ $54,913
Net Assets / Fund Balance
Unrestricted Net Assets$34,567$49,888▲ $15,321
Total Net Assets Fund Balance$34,567$49,888▲ $15,321
Total Liabilities and Net Assets / Fund Balance$34,615$104,849▲ $70,234
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Francesca RuscianiVice PresidentPT$60,000$60,000

Board Members and Trustees

NameTitle
Gerard SenehiPresident
Daniel StoneDirector
David AdlerDirector
Micheline NaderDirector
Tom MorozDirector
Tracy GaryDirector
Nazir AhmadSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$210,370
Program Service Revenue
$7,500
Investment Income
$0
Other Revenue
$0
All Other Contributions
$210,370
Change in Net Assets
$15,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$140,137
Other Expenses$56,412
Total Fundraising Expense$9,602
Professional Fundraising Fees$6,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$62,397$8,103-$70,500
Current Officers, Directors, Trustees, and Key Employees$53,103$6,897-$60,000
Fees for Services Other$43,500--$43,500
Payroll Taxes$3,136$6,501-$9,637
Fees for Services Professional Fundraising--$6,000$6,000
Fees for Services Accounting-$2,277-$2,277
Office Expenses$609$610$211$1,430
Insurance-$480-$480
All Other Expenses$58-$24$82
Other Expenses$940$75$3,367$75
Total Functional Expenses$166,356$26,591$9,602$202,549
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$6,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$4,961
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final form 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended form 990 will be filed.”

Form 990, Part VI, Section B, Line 12C

“The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.”

Form 990, Part VI, Section B, Line 15A

“This review includes researching guidestar, form 990s, ny non-profit network annual salary survey, phone calls to other organizations to collect data.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Open Future Institute
EIN
45-5494252
Phone
9174057331
Address
301 WEST 57TH STREET NO 45A, NEW YORK, NY 10019

Signing Officer

Name
Gerard Senehi
Title
President
Phone
9174057331
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerard Senehi
Formed
2012
Legal Domicile
De
Voting Board Members
8
Independent Board Members
6
Employees
3
Volunteers
0

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other contract services: program service expenses 43,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,500.”

Raw XML Appendix368 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL FORM 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED FORM 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS REVIEW INCLUDES RESEARCHING GUIDESTAR, FORM 990S, NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 43,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt034615
IRS990/TotalAssetsEOYAmt0104849
IRS990/TotalAssetsGrp/BOYAmt034615
IRS990/TotalAssetsGrp/EOYAmt0104849
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0210370
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09602
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026591
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0166356
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt048
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IRS990/TotalLiabilitiesGrp/EOYAmt054961
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IRS990/TotalProgramServiceRevenueAmt07500
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217870
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt034567
IRS990/UnrestrictedNetAssetsGrp/EOYAmt049888
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010019
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0OPENFUTUREINSTITUTE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GERARD SENEHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09174057331
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPEN FUTURE INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0OPEN
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0524995AEA7416BCA38FCF03620F6B30226AC6735
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt038.122.225.90
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm007:56:37
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02017-11-15T06:56:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$104,849
Liabilities
$54,961
Net assets
$49,888
Revenue
$217,870
Expenses
$202,549
Net income
$15,321
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.13$0.06$9.08$4.37$4.25$0.11
2023Detailed filing. Detailed filing data is available for this year.$8.63$0.05$8.58$5.41$3.87$1.54
2022Detailed filing. Detailed filing data is available for this year.$7.04$0.01$7.04$5.43$4.52$0.91
2021Detailed filing. Detailed filing data is available for this year.$6.14$0.01$6.13$5.46$4.32$1.14
2020Detailed filing. Detailed filing data is available for this year.$5.02$0.04$4.98$4.61$3.04$1.57
2019Detailed filing. Detailed filing data is available for this year.$3.49$0.08$3.41$2.76$3.07$0.31
2018Detailed filing. Detailed filing data is available for this year.$3.81$0.09$3.72$4.60$3.09$1.51
2017Detailed filing. Detailed filing data is available for this year.$3.14$0.93$2.21$3.62$1.91$1.71
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.55$0.50$2.18$2.03$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$1.61$1.58$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.89$0.95$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.49$0.51$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$0.50$0.11$0.39