Open Hands Foundation EIN 20-0456778 Form 990 (PDF) Claim this org

Open Hands Foundation FY2021 filing

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Provides essential help to vulnerable people facing critical needs. For fiscal year 2021 it reported $444K in revenue, $271K in expenses, and $411K in net assets.Pt I

Type
Supporting organization · Foundations & Grantmakers
Location
Excelsior, MN
Website
openhandsfoundation.com
Filings
5 on file (2020–2021)
Revenue
$444KFY2021
Expenses
$271K
Net assets
$411K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-0456778 Supporting organization Excelsior, MN
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides essential help to vulnerable people facing critical needs.
Leadership
Joel Johnson · Board Member
Money in and out
$444K revenue, $271K expenses
Bottom line
+39% net inflow
Money in and out · FY2021
Total revenue
$444K
Pt VIII · Ln 12
Total expenses
$271K
Pt IX · Ln 25
Net assets
$411K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $173K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03 Fundraising $0.01
Net inflow
+39%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
97%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$444K
FY2021▲ +38%
Expenses
$271K
FY2021▲ +117%
Total assets
$426K
FY2021▲ +79%
Total liabilities
$15K
FY2021▲ ×30
Total revenue
$444K
Pt VIII · Ln 12
Total expenses
$271K
Pt IX · Ln 25
Net assets
$411K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$173K
Total assetsPt X · Ln 16$426K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $261K of program spending, described in the organization's own filed words · FY2021.
01

Hope House is a youth crisis and counseling shelter provided by the Organization through a partnership with 180 Degrees program service provider and Westwood Community Church. The shelter provides safe stable and supportive emergency housing and counseling.

$261Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpen Hands Foundation
EINHdr · item D20-0456778
Principal addressHdr · item CExcelsior, MN
WebsiteHdr · item Jopenhandsfoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJan 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Chairperson
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Open Hands Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$444K
Total revenueLn 12$444K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03 Fundraising $0.01
Program services97%$261K
Management & general3%$7K
Fundraising1%$2K
Total functional expensesLn 25$271K

Balance Sheet

Part X · end of year
CashLn 1$426K
Total assetsLn 16$426K
Total liabilitiesLn 26$15K
Total net assetsLn 32$411K
Months of cash on handcomputed18.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $426K · Operating expenses (Pt IX) $271K · Less non-cash grants $6K · Cash operating expenses/yr $265K
19.3 months
Where the money goes
Program services
Program services $261K · Total expenses $271K
97%
Management & General
Management & general $7K · Total expenses $271K
3%
Fundraising
Fundraising $2K · Total expenses $271K
0.8%
Cost to raise $1
Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $383K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $444K · Total revenue $444K
100%
Government reliance
Government grants $0 · Total revenue $444K
0%
Earned-income share
Program service revenue $0 · Total revenue $444K
0%
Investment reliance
Investment income $0 · Total revenue $444K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $271K
0%
Growth & trend
Revenue growth (YoY)
This year $444K · Prior year $322K
+38%
Net-asset trend (YoY)
End of year $411K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $444K · Expenses $271K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $426K
Net-asset ratio
Net assets $411K · Total assets $426K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $426K
0%
People & payroll
Highest Reported Total Compensation
Individual Joel Johnson · Reported title Board Member · Highest reported compensation $0 · Total expenses $271K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $271K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0.5%
Revenue growth 38%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 8 grants · $2.1M · 2020–2024
Westwood Communitiy ChurchFY2024$819,461
180 Degrees INCMN · FY2024$214,825
180 Degrees INCMN · FY2023$252,340
180 Degrees INCMN · FY2022$262,879
180 Degrees INCMN · FY2022$143,952
Westwood Community ChurchFY2022$9,820
180 Degrees INCMN · FY2021$258,566
180 Degrees INCMN · FY2020$118,514

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$664K revenue · ⤓ 990 PDF
FY2024$1.5M revenue · ⤓ 990 PDF
FY2023not on file
FY2022$382K revenue · ⤓ 990 PDF
FY2021$444K revenue · viewing · ⤓ 990 PDF
FY2020$322K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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