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Open Hearts Place FY2021 filing

Tax-deductible

Morganton, NC501(c)(3)HousingEIN 84-4729940Revenue $308K in FY2021

On file with the IRSopenheartsplace.org201 Shady Rest Rd, 28655-4637 · Morganton, NCTax-exempt since Aug 2020Publicly supported — 509(a)(2)

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The mission of Open Hearts Place is to provide homes and purposeful opportunities for families to increase life skills, gain stability, and become more self-sufficient. Open Hearts Place will provide newly built or remodeled homes, and thereby a more stable environment, for those families who are trying to "get back on their feet", while involving them in an agreed-upon personal development plan (pdp).

501(c)(3) charity; gifts are tax-deductible.
56¢ 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
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
5 of 5
filings with a surplus
Average surplus $207K a year · 80% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
587 mo
of spending, in cash
Looks good: 586.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $58K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$34K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
Spent
$2K
To programs
56%
Net assets
$209K
By yearFY2021–FY2025
Revenue
$308K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$308K
FY2022$343K
FY2023$268K
FY2024$191K
FY2025$190K
Expenses
$2K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$2K
FY2022$15K
FY2023$26K
FY2024$70K
FY2025$150K
Net assets
$209K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$209K
FY2022$537K
FY2023$780K
FY2024$580K
FY2025$620K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Aug 2020.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $1K Management & general 44% · $892

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Charles Black
Boardmember
$0Pt VII · Sec A
Ryan Cary
Boardmember
$0Pt VII · Sec A
Jennifer Cooper
Boardmember
$0Pt VII · Sec A
Taneesha Dzoba
Boardmember
$0Pt VII · Sec A
Lisa Marshall
Boardmember
$0Pt VII · Sec A
Madelyn Russ
Director
$0Pt VII · Sec A
Tom Russ
Boardmember
$0Pt VII · Sec A
Beth Andrews
Treasurer
$0Pt VII · Sec A
See Open Hearts Place 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 stable homes and life skills training to help families become self-sufficient.

Questions for Open Hearts Place

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Provided by the organization

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1 program · $1K · in their own filed words · FY2020
01

To provide homes and purposeful opportunities for families to increase skills, gain stability, and become more self-sufficient.

$1Kprogram expense

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
Community Foundation of Burke CountyFY2024$25K
North Carolina Community Foundation INCFY2024$15K
TD Charitable FoundationFY2024$8K
Co Ta Huffman-Cornwell FoundationFY2024$6K
Rostan Family FoundationFY2024$5K
Total grants receivedfrom 5 funders$58K
See all 5 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$308K
Ln 12
Gifts and grantsLn 1h$308K
Money outPt IX
$2K
Ln 25
Programscol B$1K
Managementcol C$892
Owns and owesPt X
$209K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$243K
LiabilitiesLn 26$34K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$308K
Government grantsLn 1e$149K
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
Other assetsLn 15$143K
Total assetsLn 16$243K
LiabilitiesLn 26$34K
Net assetsLn 32$209K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJune
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$53K$100K
Total assetsLn 16$53K$243K
LiabilitiesLn 26$0$34K
Net assetsLn 32$53K$209K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$130$130
Other expenses (24a–d)Ln 24$2K$1K$762
Total functional expensesLn 25$2K$1K$892$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $190K$150K$40K$620K 990 PDF
FY2024 $191K$70K$121K$580K 990 PDF
FY2023 $268K$26K$242K$780K 990 PDF
FY2022 $343K$15K$328K$537K 990 PDF
FY2021 Viewing $308K$2K$306K$209K 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 FY2021 990 (6 parts)
Part I · Summary $307,577 revenue, 12 lines filed
I-8 Contributions and grants$307,577
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$307,577
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$2,036
I-18 Total expenses$2,036
I-19 Revenue less expenses$305,541
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $307,577 across 4 lines filed
VIII-1e Government grants$149,400
VIII-1f All other contributions, gifts and grants$158,177
VIII-1h Total contributions, gifts and grants$307,577
VIII-12 Total revenue$307,577
Part IX · Statement of functional expenses $2,036 across 2 lines filed
IX-13 Office expensesManagement $130$130
IX-24 Other expenses (24a–d)Programs $1,144 · Management $762$1,906
IX-25 Total functional expensesPrograms $1,144 · Management $892 · Fundraising $0$2,036
Part X · Balance sheet $242,900 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $53,217$99,582
X-15 Other assets$143,318
X-16 Total assetsStart of year $53,217$242,900
X-17 Accounts payable and accrued expenses$33,542
X-26 Total liabilitiesStart of year $0$33,542
X-27 Net assets without donor restrictionsStart of year $53,217$156,420
X-28 Net assets with donor restrictions$52,938
X-32 Total net assets or fund balancesStart of year $53,217$209,358
X-33 Total liabilities and net assetsStart of year $53,217$242,900
Part XI · Reconciliation of net assets $209,358 net assets at year end
XI-1 Total revenue$307,577
XI-2 Total expenses$2,036
XI-3 Revenue less expenses$305,541
XI-4 Net assets at start of year$53,217
XI-10 Net assets at end of year$209,358

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

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