Open Arms Foundation FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)Food & AgricultureEIN 62-1612269Revenue $819K in FY2023

On file with the IRS6584 Poplar Avenue, 38138-3687 · Memphis, TNTax-exempt since Apr 1997Publicly supported charity — 170(b)(1)(A)(vi)

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To provide care and housing to families in distress which require long term medical treatment at great distances from their homes.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $10K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $59K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$345K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$819K
+30% vs prior year
Spent
$787K
To programs
98%
Net assets
$428K
By yearFY2020–FY2024
Revenue
$819K
FY2023▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$264K
FY2021$678K
FY2022$628K
FY2023$819K
FY2024$908K
Expenses
$787K
FY2023▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$557K
FY2021$579K
FY2022$679K
FY2023$787K
FY2024$746K
Net assets
$428K
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$283K
FY2021$401K
FY2022$396K
FY2023$428K
FY2024$590K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1997.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $768K Management & general 2% · $19K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Open Arms 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and support to families needing long-term medical care far from home.

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Provided by the organization

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1 program · $768K · in their own filed words · FY2023
01

To provide compassionate care and housing to families in distress which require long-term medical treatment at great distances from their homes. Two bedroom apartments, fully furnished, are provided without charge to qualifying families.

$768Kprogram 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
Total grants receivedfrom 1 funder$59K
Grants paid · 3 grants · $2.1M · 2022–2024
Unitemized GrantFY2024$717,317
Unitemized GrantFY2023$768,445
Unitemized GrantFY2022$655,890

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$819K
Ln 12
Gifts and grantsLn 1h$873K
Money outPt IX
$787K
Ln 25
Programscol B$768K
Managementcol C$19K
Owns and owesPt X
$428K
net assets · Ln 32
Cash and savingsLn 1–2$773K
Total assetsLn 16$773K
LiabilitiesLn 26$345K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$873K
Fundraising eventsLn 1c$767K
Total revenueLn 12$819K
Assets in detailPt X, end of year
CashLn 1$773K
Cash and savings togetherLn 1–2$773K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$773K
LiabilitiesLn 26$345K
Net assetsLn 32$428K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6500
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$616K$773K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$616K$773K
LiabilitiesLn 26$220K$345K
Net assetsLn 32$396K$428K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$768K$768K
Legal feesLn 11b$17K$17K
Other fees for servicesLn 11g$0$0$0$0
Office expensesLn 13$1K$1K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$787K$768K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $908K$746K$162K$590K 990 PDF
FY2023 Viewing $819K$787K$32K$428K 990 PDF
FY2022 $628K$679K−$51K$396K 990 PDF
FY2021 $678K$579K$100K$401K 990 PDF
FY2020 $264K$557K−$293K$283K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $819,180 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $754,829$873,256
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$126,991−$54,076
I-12 Total revenuePrior year $627,838$819,180
I-13 Grants and similar amounts paidPrior year $655,890$768,445
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,834$18,507
I-18 Total expensesPrior year $678,724$786,952
I-19 Revenue less expensesPrior year −$50,886$32,228
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $819,180 across 5 lines filed
VIII-1c Fundraising events$767,201
VIII-1f All other contributions, gifts and grants$106,055
VIII-1h Total contributions, gifts and grants$873,256
VIII-8 Net income from fundraising eventsExcluded from tax −$54,076−$54,076
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$54,076$819,180
Part IX · Statement of functional expenses $786,952 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $768,445$768,445
IX-11b Legal feesManagement $17,421$17,421
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesManagement $1,086$1,086
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $768,445 · Management $18,507 · Fundraising $0$786,952
Part X · Balance sheet $773,035 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $615,591$773,035
X-10c Land, buildings and equipment, net$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $615,591$773,035
X-17 Accounts payable and accrued expensesStart of year $219,570$344,786
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $219,570$344,786
X-27 Net assets without donor restrictionsStart of year $390,823$428,249
X-28 Net assets with donor restrictionsStart of year $5,198$0
X-32 Total net assets or fund balancesStart of year $396,021$428,249
X-33 Total liabilities and net assetsStart of year $615,591$773,035
Part XI · Reconciliation of net assets $428,249 net assets at year end
XI-1 Total revenue$819,180
XI-2 Total expenses$786,952
XI-3 Revenue less expenses$32,228
XI-4 Net assets at start of year$396,021
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$428,249

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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