Open Hearts Foundation
- Assets
- $430.7k
- Revenue
- $373.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Westlake Village, CA
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 27-1215063
Organization Overview
Open Hearts Foundation is located in Westlake Village, CA. The organization was established in 2010. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Hearts 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 12/2021, Open Hearts Foundation generated $373.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $324.0k during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Open Hearts Foundation has awarded 77 individual grants totaling $1,393,446. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ACCELERATES PURPOSE THROUGH ITS GRANT MAKING AND VOLUNTEERISM PROGRAMS CURATING INCREDIBLE OPPORTUNITIES TO ENGAGE HANDS ON WITH PHILANTHROPIC CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE A TOTAL OF TWELVE GRANTS IN 2021 THROUGH AN EMERGENCY RELIEF FUND THAT WAS CREATED IN APRIL 2020 IN RESPONSE TO THE COVID-19 GLOBAL PANDEMIC. THE FUNDS WERE RAISED THROUGH VARIOUS VIRTUAL FUNDRAISING STRATEGIES (AS THE FOUNDATION WAS NOT ABLE TO HOST AN IN-PERSON GALA), AS WELL AS GENERAL DONATIONS FROM THE COMMUNITY. THROUGH AN INTERNAL VETTING PROCESS THAT REQUESTED A LETTER OF INTENT AND BUDGET FROM EACH QUALIFIED CHARITY, THE FOUNDATION SUPPORTED TWELVE OF ITS CHARITY PARTNERS ON THE FRONTLINES OF THE PANDEMIC THAT PROVIDE CRITICAL, BASIC HUMAN SERVICES FOR FOSTER CHILDREN, DOMESTIC AND SEXUAL VIOLENCE VICTIMS AND SURVIVORS, CHILDREN WITH LIFE THREATENING MEDICAL ISSUES, FAMILIES IN LOW-INCOME COMMUNITIES FACING JOB LOSS OR FOOD INSECURITY, AND MENTAL HEALTH SERVICES FOR TEENS AND YOUNG ADULTS IN THE JUVENILE JUSTICE SYSTEMS.
IN MARCH OF 2021, THE OPEN HEARTS FOUNDATION HOSTED A VIRTUAL VOLUNTEER EXPERIENCE CALLED "CARDS FOR KIDS," WHERE 150 VOLUNTEERS FROM AROUND THE WORLD WERE MATCHED ONE TO ONE WITH 150 FOSTER CHILDREN OR FAMILIES IN THE SERVICE OF FOUR OF OUR CHARITY PARTNERS. A CREATIVITY KIT WAS SENT TO EACH VOLUNTEER AND THE FOUNDATION HOSTED A TWO-HOUR VIRTUAL VOLUNTEER EXPERIENCE WHERE VOLUNTEERS LEARNED ABOUT THE SERVICES OF THE FOUR CHARITY PARTNERS. IN THE FALL AND WINTER MONTHS OF 2021, WHEN IT WAS SAFE TO HOST VOLUNTEER EXPERIENCES IN-PERSON, THE FOUNDATION HOSTED THREE VOLUNTEER EXPERIENCES IN COLLABORATION WITH CHARITY PARTNERS INCLUDING VOLUNTEER SUPPORT FOR CLARE'S PLACE FOUNDATION, THE VOLUNTEER CENTER SOUTH BAY HARBOR LONG BEACH AND AN ECO-RESTORATION TREE PLANTING PROJECT WITH SANTA MONICA MOUNTAINS NATIONAL RECREATION AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trena Pitchford Executive Director | Officer | 40 | $96,000 |
Julie Gallo Vander Wall Secretary | OfficerTrustee | 1 | $0 |
Tim Mallad Chair | OfficerTrustee | 2 | $0 |
Michael Destefano Treasurer | OfficerTrustee | 1 | $0 |
Jane Seymour Co-Founder / Board Member | Trustee | 1 | $0 |
Rich Gold Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,236 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,065 |
| Total Program Service Revenue | $0 |
| Investment income | $2,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,000 |
| Compensation of current officers, directors, key employees. | $9,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,000 |
| Advertising and promotion | $1,206 |
| Office expenses | $5,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,444 |
| All other expenses | $0 |
| Total functional expenses | $324,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,656 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $378,896 |
| Net assets with donor restrictions | $51,760 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $430,656 |
Grants Awarded
Over the last fiscal year, Open Hearts Foundation has awarded $120,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Redondo Beach, CA PURPOSE: TO SUPPORT CHILDREN WITH CYSTIC FIBROSIS AND THEIR FAMILIES ACROSS THE UNITED STATES WITH EXTENDED STAY STIPENDS, MEDICAL SUPPLIES, WORKFORCE DEVELOPMENT RESOURCES, AND EMERGENCY NEEDS DUE TO COVID-19. | $10,000 |
CREIGHTON COMMUNITY FOUNDATION PURPOSE: TO CONTINUE THE SUPPORT OF MANY HUNDREDS OF CHILDREN IN THE LOW-INCOME COMMUNITY OF THE CREIGHTON SCHOOL DISTRICT AREA IN PHOENIX, ARIZONA WITH WEEKLY NUTRITIOUS FOOD DISTRIBUTION OF 40-POUND BOXES TO NEEDY CHILDREN AND THEIR FAMILIES. | $10,000 |
Santa Monica, CA PURPOSE: A MATCHING GRANT TO CONTINUE THE SUPPORT OF THE STEP FORWARD FAMILY EMERGENCY FUND PROVIDING AT-RISK CHILDREN AND FAMILIES IN THEIR VITA NETWORK WITH SHELTER, GROCERIES, FINANCIAL STIPENDS, AND OTHER ESSENTIAL NEEDS. | $10,000 |
New York, NY PURPOSE: TO CONTINUE THE SUPPORT OF THE COVID-19 DISASTER RESPONSE EFFORTS FOCUSING ON THE DISTRIBUTION OF FOOD AND SUPPLIES, VACCINATION AWARENESS EFFORTS, AND MENTAL HEALTH SERVICES FOR VULNERABLE CHILDREN LIVING BELOW THE POVERTY LINE IN EAST HARLEM AND THE SOUTH BRONX, NEW YORK. | $10,000 |
San Francisco, CA PURPOSE: A MATCHING GRANT TO DIRECTLY SUPPORT FOOD AND HOUSING THAT PROMOTE STABILITY, PERSONAL GROWTH, AND ACADEMIC AND CAREER SUCCESS FOR YOUTH THROUGH THE PERSONAL EMPOWERMENT PROGRAM IN THE SAN FRANCISCO FOSTER CARE AND JUVENILE JUSTICE SYSTEMS. | $10,000 |
Corpus Christi, TX PURPOSE: A MATCHING GRANT TO DIRECTLY BENEFIT CHILDREN IN FOSTER CARE BETWEEN THE AGES OF 0-21 AND PROVIDE THEM WITH FOOD, RECREATIONAL ITEMS, THERAPEUTIC CARE, NEW BEDS WITH BEDDING, CLOTHING, AND HYGIENIC ITEMS. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Open Hearts Foundation has recieved totaling $110,053.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: DISEASE/DISORDER | $100,000 |
Koha Foundation New York, NY PURPOSE: GENERAL | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ticket To Dream Foundation Roseville, CA | $5,455,675 | $13,999,087 |
Leadersup Los Angeles, CA | $3,966,965 | $4,495,789 |
B Nai Brith Mens Camp Association Portland, OR | $16,948,844 | $7,971,848 |
Executive Council Charities Phoenix, AZ | $630,003 | $2,300,902 |
John Burton Advocates For Youth San Francisco, CA | $11,335,002 | $5,016,431 |
K2 Adventures Foundation Scottsdale, AZ | $505,481 | $957,191 |
Sharks Foundation San Jose, CA | $508,240 | $911,167 |
Hrj Charities Inc Palo Alto, CA | $1,404,650 | $1,642,568 |
Genesis Motor America Foundation Fountain Valley, CA | $4,479,262 | $1,632,925 |
City Of Dreams San Francisco, CA | $521,144 | $800,906 |
Seven Point Inc Yucaipa, CA | $541,891 | $831,024 |
Elmer E Rasmuson Endowment For The Boy Scouts Of America In Alaska Las Vegas, NV | $8,315,591 | $606,636 |