Civic Intelligence

Open Future Institute

990 • Fiscal year 2019 • EIN 45-5494252

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Source year 2019

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$95,173

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 34.4% of source-year revenue.

2019 filings • NTEE A20 • <$500k nonprofits • Source year 2019

Asset Growth

30th percentile

-8.4%

Faster asset growth than 30% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-40%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • NTEE A20 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$349,132

Down $32,115 (-8.4%) from 2018

Net Assets

Down

$341,127

Down $30,845 (-8.3%) from 2018

Liabilities

Down

$8,005

Down $1,270 (-14%) from 2018

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin22nd percentile

Revenue

Down

$276,353

Down $183,361 (-40%) from 2018

Expenses

Down

$307,198

Down $1,678 (-0.5%) from 2018

Net Income

Down

-$30,845

Down $181,683 (-120%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2019

Assets$349,132
Liabilities$8,005
Net Assets$341,127
Open 2019 Filing

Operations Trend

Revenue Growth18th 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

2019

Revenue$276,353
Expenses$307,198
Net Income-$30,845
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$276,353
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$381,247$349,132▼ $32,115
Total Assets$381,247$349,132▼ $32,115
Liabilities
Accounts Payable and Accrued Expenses$9,275$8,005▼ $1,270
Total Liabilities$9,275$8,005▼ $1,270
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$371,972$341,127▼ $30,845
Total Net Assets Fund Balance$371,972$341,127▼ $30,845
Total Liabilities and Net Assets / Fund Balance$381,247$349,132▼ $32,115
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francesca RuscianiVice PresidentPT$75,000$20,173$95,173

Board Members and Trustees

NameTitle
Gerard SenehiPresident
Daniel StoneDirector
David AdlerDirector
Emily SchulmanDirector
Mumtaz a KazimDirector
Nazir AhmadSecretary
Tom MorozTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$181,355
Program Service Revenue
$94,998
Investment Income
$0
Other Revenue
$0
All Other Contributions
$181,355
Change in Net Assets
$-30,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$235,743
Other Expenses$71,455
Total Fundraising Expense$20,605
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$89,423$29,527-$118,950
Current Officers, Directors, Trustees, and Key Employees$56,250$7,500$11,250$75,000
Other Employee Benefits$18,870$2,361$3,311$24,542
Payroll Taxes$12,345$3,966$940$17,251
Office Expenses$3,181$8,176-$11,357
Fees for Services Accounting$180$6,780-$6,960
Fees for Services Other--$4,247$4,247
Other Expenses$1,139$1,135$297$2,571
Insurance-$1,760-$1,760
Fees for Services Legal-$230-$230
Total Functional Expenses$225,062$61,531$20,605$307,198
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 A, Line 2

“Gerard senehi and francesca rusciani are married.”

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
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerard Senehi
Formed
2012
Legal Domicile
De
Voting Board Members
8
Independent Board Members
7
Employees
7
Volunteers
0

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Raw XML Appendix372 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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IRS990/ScheduleBRequiredInd01
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GERARD SENEHI AND FRANCESCA RUSCIANI ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE 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/ExplanationTxt3THIS REVIEW INCLUDES RESEARCHING GUIDESTAR, FORM 990S, NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02020-11-16T22:48:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$349,132
Liabilities
$8,005
Net assets
$341,127
Revenue
$276,353
Expenses
$307,198
Net income
-$30,845
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