Civic Intelligence

Open Future Institute

990 • Fiscal year 2020 • EIN 45-5494252

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 21, 2021

Organization ProfileOPENFUTUREINSTITUTE.ORG
301 West 57th Street No 42BNew York, NY 10019

(917) 405-7331

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$100,496

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 21.8% of source-year revenue.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Asset Growth

78th percentile

44%

Faster asset growth than 78% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

67%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$502,372

Up $153,240 (+44%) from 2019

Net Assets

Up

$498,376

Up $157,249 (+46%) from 2019

Liabilities

Down

$3,996

Down $4,009 (-50%) from 2019

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin83rd percentile

Revenue

Up

$460,906

Up $184,553 (+67%) from 2019

Expenses

Down

$303,657

Down $3,541 (-1.2%) from 2019

Net Income

Up

$157,249

Up $188,094 (+610%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2020

Assets$502,372
Liabilities$3,996
Net Assets$498,376
Open 2020 Filing

Operations Trend

Revenue Growth91st 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

2020

Revenue$460,906
Expenses$303,657
Net Income$157,249
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 21, 2021
Return Version
2020v4.1
Gross Receipts
$460,906
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$349,132$502,372▲ $153,240
Total Assets$349,132$502,372▲ $153,240
Liabilities
Accounts Payable and Accrued Expenses$8,005$3,996▼ $4,009
Total Liabilities$8,005$3,996▼ $4,009
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$341,127$498,376▲ $157,249
Total Net Assets Fund Balance$341,127$498,376▲ $157,249
Total Liabilities and Net Assets / Fund Balance$349,132$502,372▲ $153,240
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francesca RuscianiCo-founder & Executive DirectorPT$75,000$25,496$100,496

Board Members and Trustees

NameTitle
Gerard SenehiFounder President & Chair
Daniel StoneDirector
Mumtaz a KazimDirector
Nazir AhmadSecretary
David AdlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$244,409
Program Service Revenue
$216,497
Investment Income
$0
Other Revenue
$0
All Other Contributions
$197,874
Change in Net Assets
$157,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$242,840
Other Expenses$60,817
Total Fundraising Expense$16,641
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,697$4,457$6,685$109,839
Current Officers, Directors, Trustees, and Key Employees$89,186$4,524$6,786$100,496
Other Employee Benefits$14,538$1,294$1,942$17,774
Payroll Taxes$13,248$593$890$14,731
Office Expenses$810$8,842-$9,652
Occupancy-$6,000-$6,000
Fees for Services Accounting-$5,345-$5,345
Travel$1,893-$338$2,231
Insurance-$641-$641
Other Expenses$48$16,830-$48
Total Functional Expenses$238,490$48,526$16,641$303,657
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
Yes
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 42B, NEW YORK, NY 10019

Signing Officer

Name
Francesca Rusciani
Title
Co-founder & Executive Director
Phone
9174057331
Signed
2021-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francesca Rusciani
Formed
2012
Legal Domicile
De
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
5

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 XII, LINE 2C:

“The process has not changed from prior year.”

Raw XML Appendix358 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/Form990PartVIISectionAGrp/TitleTxt0FOUNDER PRESIDENT & CHAIR
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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/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990. PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0349132
IRS990/TotalAssetsEOYAmt0502372
IRS990/TotalAssetsGrp/BOYAmt0349132
IRS990/TotalAssetsGrp/EOYAmt0502372
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0244409
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016641
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048526
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0238490
IRS990/TotalFunctionalExpensesGrp/TotalAmt0303657
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08005
IRS990/TotalLiabilitiesEOYAmt03996
IRS990/TotalLiabilitiesGrp/BOYAmt08005
IRS990/TotalLiabilitiesGrp/EOYAmt03996
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0341127
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0498376
IRS990/TotalOtherCompensationAmt025496
IRS990/TotalProgramServiceExpensesAmt0238490
IRS990/TotalProgramServiceRevenueAmt0216497
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0216497
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0460906
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0349132
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0502372
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0338
IRS990/TravelGrp/ProgramServicesAmt01893
IRS990/TravelGrp/TotalAmt02231
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0301 WEST 57TH STREET NO 42B
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010019
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0OPENFUTUREINSTITUTE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANCESCA RUSCIANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-FOUNDER & EXECUTIVE DIR.
ReturnHeader/BusinessOfficerGrp/PhoneNum09174057331
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPEN FUTURE INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0OPEN
ReturnHeader/Filer/EIN0455494252
ReturnHeader/Filer/PhoneNum09174057331
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 WEST 57TH STREET NO 42B
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010019
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/PreparationDt02021-08-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02021-08-21T16:00:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRANCESCA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUSCIANI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$502,372
Liabilities
$3,996
Net assets
$498,376
Revenue
$460,906
Expenses
$303,657
Net income
$157,249
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