Civic Intelligence

Open Future Institute

990 • Fiscal year 2023 • EIN 45-5494252

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

Organization ProfileOPENFUTUREINSTITUTE.ORG
301 West 57th Street 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

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

91st percentile

$106,108

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.6% of source-year revenue.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Asset Growth

76th percentile

23%

Faster asset growth than 76% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

-0.4%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$862,937

Up $158,525 (+23%) from 2022

Net Assets

Up

$857,856

Up $154,123 (+22%) from 2022

Liabilities

Up

$5,081

Up $4,402 (+648%) from 2022

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin80th percentile

Revenue

Down

$541,342

Down $1,910 (-0.4%) from 2022

Expenses

Down

$387,081

Down $65,184 (-14%) from 2022

Net Income

Up

$154,261

Up $63,274 (+70%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2023

Assets$862,937
Liabilities$5,081
Net Assets$857,856
Open 2023 Filing

Operations Trend

Revenue Growth41st 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

2023

Revenue$541,342
Expenses$387,081
Net Income$154,261
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$541,342
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
Investments Other Securities-$420,000-
Cash and Non-Interest-Bearing Accounts$701,412$405,317▼ $296,095
Savings and Temporary Cash Investments-$32,298-
Accounts Receivable-$5,322-
Prepaid Expenses and Deferred Charges$3,000--
Total Assets$704,412$862,937▲ $158,525
Liabilities
Accounts Payable and Accrued Expenses$679$5,081▲ $4,402
Total Liabilities$679$5,081▲ $4,402
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$703,733$857,856▲ $154,123
Total Net Assets Fund Balance$703,733$857,856▲ $154,123
Total Liabilities and Net Assets / Fund Balance$704,412$862,937▲ $158,525

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$420,000--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francesca RuscianiCo-founder & Executive DirectorFT$90,000$16,108$106,108

Board Members and Trustees

NameTitle
Gerard SenehiFounder President & Chair
Joel JewittDirector
Jonathan LeverDirector
Karla PerezDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$480,186
Program Service Revenue
$48,820
Investment Income
$12,336
Other Revenue
$0
All Other Contributions
$442,336
Change in Net Assets
$154,261

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$25,422Fair Market Value (FMV)
Total Noncash Contributions1$25,422-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$290,151
Other Expenses$96,930
Total Fundraising Expense$27,398
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$125,190$5,460$8,191$138,841
Current Officers, Directors, Trustees, and Key Employees$94,680$4,572$6,856$106,108
Occupancy-$36,000-$36,000
Other Employee Benefits$23,186$1,768$2,653$27,607
Payroll Taxes$14,777$1,127$1,691$17,595
Fees for Services Other-$7,955-$7,955
Fees for Services Accounting-$7,420-$7,420
Insurance$1,228$1,227-$2,455
Office Expenses$1,388$394-$1,782
Other Expenses$149$2,286$1,136$1,136
Fees for Services Legal-$25-$25
Total Functional Expenses$291,354$68,329$27,398$387,081
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gerard SenehiBoard Member.Space Rental.No$36,000
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
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 18

“The organization's governing documents, conflict of interest policy, form 990, form 1023, and financial statements are available upon request.”

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 42B, NEW YORK, NY 10019

Signing Officer

Name
Francesca Rusciani
Title
Co-founder & Executive Director
Phone
9174057331
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francesca Rusciani
Formed
2012
Legal Domicile
De
Voting Board Members
5
Independent Board Members
3
Employees
4
Volunteers
11

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 Appendix388 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE STUDENTS WITH VISION AND CORE VALUES.
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IRS990/Form990PartVIISectionAGrp/PersonNm1JONATHAN LEVER
IRS990/Form990PartVIISectionAGrp/PersonNm2KARLA PEREZ
IRS990/Form990PartVIISectionAGrp/PersonNm3JOEL JEWITT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER PRESIDENT & CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0420000
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SPACE RENTAL.
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
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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, FORM 990, FORM 1023, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990. PART XII, LINE 2C:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt04
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068329
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0291354
IRS990/TotalFunctionalExpensesGrp/TotalAmt0387081
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0679
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IRS990/TotalLiabilitiesGrp/EOYAmt05081
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersIndependentCnt03
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IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0FRANCESCA RUSCIANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-FOUNDER & EXECUTIVE DIR.
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SKODY
ReturnHeader/ReturnTs02024-05-14T16:48:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRANCESCA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUSCIANI
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$862,937
Liabilities
$5,081
Net assets
$857,856
Revenue
$541,342
Expenses
$387,081
Net income
$154,261
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