Open Road Foundation
- Assets
- $47.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Southlake, TX
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-1689737
Organization Overview
Open Road Foundation is located in Southlake, TX. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Road 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 12/2022, Open Road Foundation generated $77.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $75.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Webb President And Chairman | 1 | $0 | |
Marc Kramer Board Member | 1 | $0 | |
Jason Smith Board Member | 1 | $0 | |
Chris Munro Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $56,778 |
| Other Revenue | $0 |
| Total Revenue | $77,028 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $45,528 |
| Occupancy, rent, utilities, and maintenance | $1,300 |
| Printing, publications, postage, and shipping | $5,317 |
| Other expenses | $8,492 |
| Total expenses | $75,637 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,391 |
| Other assets | $0 |
| Total assets | $47,391 |
| Total liabilities | $670 |
| Net assets or fund balances | $46,721 |