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Open Hands Foundation FY2024 filing

Tax-deductible

Excelsior, MN501(c)(3)Foundations & Grantmakers EIN 20-0456778Revenue $1.5M in FY2024

On file with the IRSopenhandsfoundation.com3121 Westwood Dr, 55331-8044 · Excelsior, MNTax-exempt since Jan 2005Supporting org, Type I — 509(a)(3)

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Open Hands Foundation exists to meet unmet, critical needs of vulnerable people in our community.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $124K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 33.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $313K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$76K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+284% vs prior year
Spent
$512K
To programs
69%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$1.5M
FY2024▲ +284%
Tap a bar for its year
Revenue by fiscal year
FY2020$322K
FY2021$444K
FY2022$382K
FY2024$1.5M
FY2025$664K
Expenses
$512K
FY2024▲ +62%
Tap a bar for its year
Expenses by fiscal year
FY2020$125K
FY2021$271K
FY2022$317K
FY2024$512K
FY2025$1.4M
Net assets
$1.3M
FY2024▲ +180%
Tap a bar for its year
Net assets by fiscal year
FY2020$238K
FY2021$411K
FY2022$477K
FY2024$1.3M
FY2025$563K

From the FY2024 Form 990 (year ending July 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $356K Management & general 31% · $156K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Joel Johnson
Director
$0Pt VII · Sec A
Michael Moore
Chairperson
$0Pt VII · Sec A
Steve Lattu
Treasurer
$0Pt VII · Sec A
Beth Reiskytl
Treasurer (term Ended 12/11/23)
$0Pt VII · Sec A
Tami Norton
Secretary (effective 01/01/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Cindy Alness
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Open Hands Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides essential help to vulnerable people facing critical needs.

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Provided by the organization

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1 program · $356K · in their own filed words · FY2023
01

See SCH O.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.

$356Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
American Endowment FoundationFY2024$115K
Fidelity Investments Charitable Gift FundFY2024$90K
Vanguard Charitable Endowment ProgramFY2024$50K
Rotary Club of Lake Minnetonka- Excelsior INCFY2024$30K
National Philanthropic TrustFY2024$15K
The Minneapolis FoundationFY2024$12K
Total grants receivedfrom 6 funders$313K
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

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$29K
Money outPt IX
$512K
Ln 25
Programscol B$356K
Managementcol C$156K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$76K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$29K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.4M
Total assetsLn 16$1.4M
LiabilitiesLn 26$76K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$427K$1.4M
Total assetsLn 16$428K$1.4M
LiabilitiesLn 26$50K$76K
Net assetsLn 32$378K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$252K$252K
Legal feesLn 11b$50K$50K$40
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$35K$32K$3K
Advertising and promotionLn 12$4K$2K$2K
Office expensesLn 13$5K$2K$3K
Information technologyLn 14$235$235
OccupancyLn 16$10K$10K
TravelLn 17$13$13
Conferences, conventions and meetingsLn 19$3K$899$2K
Payments to affiliatesLn 21$140K$140K
InsuranceLn 23$421$421
Other expenses (24a–d)Ln 24$3K$2K$129
All other expensesLn 24e$4K$3K$673
Total functional expensesLn 25$512K$356K$156K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $664K$1.4M−$773K$563K 990 PDF
FY2024 Viewing $1.5M$512K$958K$1.3M 990 PDF
FY2023 Not on file
FY2022 $382K$317K$65K$477K 990 PDF
FY2021 $444K$271K$173K$411K 990 PDF
FY2020 $322K$125K$197K$238K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,470,098 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $134,130$1,441,505
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$28,593
I-11 Other revenuePrior year −$4,583$0
I-12 Total revenuePrior year $129,547$1,470,098
I-13 Grants and similar amounts paidPrior year $154,022$252,391
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $74,239$259,861
I-18 Total expensesPrior year $228,261$512,252
I-19 Revenue less expensesPrior year −$98,714$957,846
Part VI · Governance 6 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,470,098 across 5 lines filed
VIII-1d Related organizations$29,000
VIII-1f All other contributions, gifts and grants$1,412,505
VIII-1h Total contributions, gifts and grants$1,441,505
VIII-3 Investment incomeExcluded from tax $28,593$28,593
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $28,593$1,470,098
Part IX · Statement of functional expenses $512,252 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $252,391$252,391
IX-11b Legal feesPrograms $50,218 · Management $40$50,258
IX-11c Accounting feesManagement $4,648$4,648
IX-11g Other fees for servicesPrograms $32,097 · Management $3,359$35,456
IX-12 Advertising and promotionPrograms $2,251 · Management $1,655$3,906
IX-13 Office expensesPrograms $1,625 · Management $3,147$4,772
IX-14 Information technologyManagement $235$235
IX-16 OccupancyPrograms $10,493$10,493
IX-17 TravelManagement $13$13
IX-19 Conferences, conventions and meetingsPrograms $899 · Management $2,377$3,276
IX-21 Payments to affiliatesManagement $140,000$140,000
IX-23 InsurancePrograms $421$421
IX-24 Other expenses (24a–d)Programs $2,407 · Management $129$2,536
IX-24e All other expensesPrograms $3,174 · Management $673$3,847
IX-25 Total functional expensesPrograms $355,976 · Management $156,276 · Fundraising $0$512,252
Part X · Balance sheet $1,412,156 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $426,772$102,850
X-2 Savings and temporary cash investments$1,304,215
X-3 Pledges and grants receivableStart of year $1,000$5,000
X-9 Prepaid expenses and deferred charges$91
X-16 Total assetsStart of year $427,772$1,412,156
X-17 Accounts payable and accrued expensesStart of year $49,900$76,438
X-26 Total liabilitiesStart of year $49,900$76,438
X-27 Net assets without donor restrictionsStart of year $373,865$477,773
X-28 Net assets with donor restrictionsStart of year $4,007$857,945
X-32 Total net assets or fund balancesStart of year $377,872$1,335,718
X-33 Total liabilities and net assetsStart of year $427,772$1,412,156
Part XI · Reconciliation of net assets $1,335,718 net assets at year end
XI-1 Total revenue$1,470,098
XI-2 Total expenses$512,252
XI-3 Revenue less expenses$957,846
XI-4 Net assets at start of year$377,872
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,335,718

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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