Openroad Foundation EIN 87-1012810

Openroad Foundation FY2022 filing

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Supports peer-to-peer car sharing and tech solutions through education and community investment. For fiscal year 2022 it reported $0 in revenue, $820K in expenses, and $1.9M in net assets.Pt I

Founded
2021
Type
Membership association · Public & Societal Benefit
Location
Sacramento, CA
Filings
4 on file (2021–2022)
Revenue
$0FY2022
Expenses
$820K
Net assets
$1.9M
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-1012810 Membership association Sacramento, CA Founded 2021
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Supports peer-to-peer car sharing and tech solutions through education and community investment.
Leadership
Michelle Peacock · Director
Money in and out
$0 revenue, $820K expenses
Bottom line
88% program spending
Membership & operating revenue · FY2022
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$820K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$820K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Payroll share
0%
of spending is salaries & benefits
Program spending
88%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$0
FY2022▼ -100%
Expenses
$820K
FY2022▲ +253%
Total assets
$1.9M
FY2022▼ -30%
Total liabilities
$0
FY2022
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$820K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$820K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $722K of program spending, described in the organization's own filed words · FY2022.
01

Invested in education, public policy, and community efforts to further support peer-to-peer car sharing and other innovative technology solutions, and benefit the communities served by them.

$722Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpenroad Foundation
EINHdr · item D87-1012810
Principal addressHdr · item CSacramento, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W40)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secty/Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$722K
Management & general12%$98K
Total functional expensesLn 25$820K

Balance Sheet

Part X · end of year
CashLn 1$1.9M
Total assetsLn 16$1.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.9M
Months of cash on handcomputed28.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.9M · Operating expenses/yr $820K
28.5 months
Where the money goes
Program services
Program services $722K · Total expenses $820K
88%
Management & General
Management & general $98K · Total expenses $820K
12%
Fundraising
Fundraising $0 · Total expenses $820K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $1.5M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $820K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year $3.0M
-100%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $820K
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.9M
0%
People & payroll
Highest Reported Total Compensation
Individual Michelle Peacock · Reported title Director · Highest reported compensation $0 · Total expenses $820K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $820K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Revenue growth -100%
Investment management fee ratio 0%
Legal fee ratio 13%
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 · this organization's grantmaking
Grants paid · 35 grants · $782K · 2021–2025
State Legislative LeadersMA · FY2025$15,000
House Victory FundFY2025$15,000
Natl Conference of State LegFY2025$10,000
Americans for Tax ReformDC · FY2023$50,000
State Legislative LeadersMA · FY2023$40,000
National Urban League INCNY · FY2023$20,000
Council of State GovernmentsKY · FY2023$15,000
Natl Conference of State LegFY2023$10,000
Hawaii Community FoundationFY2023$10,000
See all 35 grants →

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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)$520K revenue · ⤓ 990 PDF
FY2024not on file
FY2023$0 revenue · ⤓ 990 PDF
FY2022$0 revenue · viewing · ⤓ 990 PDF
FY2021$3.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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