The primary purpose of Opengrowth.Org is to encourage, incubate and support the development of new social impact organizations that can help solve some of societys most complex problems.

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

FY2021 · 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
2 of 2
filings with a surplus
Average surplus $162K a year · 45% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
41 mo
of spending, in cash
Looks good: 41.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $94K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$110K
-82% vs prior year
Spent
$97K
To programs
98%
Net assets
$333K
By yearFY2020–FY2024
Revenue
$110K
FY2021▼ -82%
Tap a bar for its year
Revenue by fiscal year
FY2020$605K
FY2021$110K
FY2022$30K
FY2023$27K
FY2024$64K
Expenses
$97K
FY2021▼ -67%
Tap a bar for its year
Expenses by fiscal year
FY2020$294K
FY2021$97K
FY2022Not on file
FY2023Not on file
FY2024Not on file
Net assets
$333K
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$320K
FY2021$333K
FY2022$305K
FY2023$194K
FY2024$64K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Jul 2019.

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% · $95K Management & general 2% · $2K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Chief Finanical Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
See Opengrowth Org 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

Supports new social impact organizations solving complex problems.

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Provided by the organization

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3 programs · $95K · in their own filed words · FY2021
01

Donor advised contributions to nonprofits

$51Kprogram expense
02

Funds were used in 2021 were to purchase and send the book unapologetically ambitious to historic black colleges and universities with high numbers of pell grant award students in alignment with the mission of ignite ambition to support the development and future career success for students and young professionals from challenged…

$44Kprogram expense
03

Beginning of a website directed toward reaching and underprivileged demographic with tools and skills and relationship development to use to improve their lives and livlihood.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$94K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$110K
Ln 12
Gifts and grantsLn 1h$110K
Money outPt IX
$97K
Ln 25
Programscol B$95K
Managementcol C$2K
Owns and owesPt X
$333K
net assets · Ln 32
Cash and savingsLn 1–2$333K
Total assetsLn 16$333K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Fundraising eventsLn 1c$110K
Total revenueLn 12$110K
Assets in detailPt X, end of year
CashLn 1$333K
Cash and savings togetherLn 1–2$333K
Total assetsLn 16$333K
LiabilitiesLn 26$0
Net assetsLn 32$333K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$320K$333K
Total assetsLn 16$320K$333K
LiabilitiesLn 26$0$0
Net assetsLn 32$320K$333K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$94K$94K
Management feesLn 11a$1K$1K
Accounting feesLn 11c$240$240
Office expensesLn 13$2K$2K
Total functional expensesLn 25$97K$95K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $64K$64K 990 PDF
FY2023 $27K$194K 990 PDF
FY2022 $30K$305K 990 PDF
FY2021 Viewing $110K$97K$13K$333K 990 PDF
FY2020 $605K$294K$311K$320K 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 FY2021 990 (6 parts)
Part I · Summary $109,959 revenue, 12 lines filed
I-8 Contributions and grants$109,959
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$109,959
I-13 Grants and similar amounts paid$94,209
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$3,170
I-18 Total expenses$97,379
I-19 Revenue less expenses$12,580
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $109,959 across 3 lines filed
VIII-1c Fundraising events$109,959
VIII-1h Total contributions, gifts and grants$109,959
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$109,959
Part IX · Statement of functional expenses $97,379 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $94,209$94,209
IX-11a Management feesPrograms $1,000$1,000
IX-11c Accounting feesPrograms $240$240
IX-13 Office expensesManagement $1,930$1,930
IX-25 Total functional expensesPrograms $95,449 · Management $1,930 · Fundraising $0$97,379
Part X · Balance sheet $332,796 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $320,216$332,796
X-16 Total assetsStart of year $320,216$332,796
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,869$1,108
X-28 Net assets with donor restrictionsStart of year $318,347$331,688
X-32 Total net assets or fund balancesStart of year $320,216$332,796
X-33 Total liabilities and net assetsStart of year $320,216$332,796
Part XI · Reconciliation of net assets $332,796 net assets at year end
XI-1 Total revenue$109,959
XI-2 Total expenses$97,379
XI-3 Revenue less expenses$12,580
XI-4 Net assets at start of year$320,216
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$332,796

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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