Open Church Foundation is located in Wellesley Hills, MA. The organization was established in 1943. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Church Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Open Church Foundation generated $212.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $498.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS COMMUNICATIONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
George Rideout Trustee | 30 | $69,871 | |
Chuck Larson Trustee | 5 | $0 | |
David Kwak Trustee | 5 | $0 | |
Natasha Hope Trustee | 5 | $0 | |
Rev Dr Richard Weisenbach Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $1,948 |
Interest on Savings | $43 |
Dividends & Interest | $12,074 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $198,433 |
Capital Gain Net Income | $198,433 |
Net ST Capital Gain | $198,433 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $212,498 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $69,871 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $17,468 |
Interest | $0 |
Taxes | $5,470 |
Depreciation | $2,600 |
Occupancy | $16,458 |
Travel, conferences, and meetings | $4,117 |
Printing and publications | $8,397 |
Other expenses | $370,875 |
Total operating and administrative expenses | $498,189 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $498,189 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $13,979 |
Savings and temporary cash investments | $211,682 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $4,564 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $737 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $18,201 |
Other assets | $0 |
Total assets | $1,253,423 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
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