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. As of 12/2023, Open Hearts Foundation employed 2 individuals. 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 12/2023, Open Hearts Foundation generated $545.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $456.1k during the year ending 12/2023. While expenses have increased by 13.3% per year over the past 9 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 89 individual grants totaling $1,528,896. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IN 2023, THE OPEN HEARTS FOUNDATION HOSTED A VARIETY OF VOLUNTEER EXPERIENCES INSPIRING VOLUNTEERISM ACROSS THE GLOBE AS WELL AS SUPPORTING ITS CHARITY PARTNERS AND VARIOUS CAUSES. THE FOUNDATION PROVIDED GRANTS IN ITS LARGEST GRANT CYCLE IN ITS HISTORY GIVING 19 GRANTS TO CHARITIES ACROSS THE UNITED STATES. THE FOUNDATION ALSO RETURNED TO ITS PRE-PANDEMIC FUNDRAISING MODEL OF HOSTING A TWO DAY CELEBRATION OF ITS MISSION THROUGH ITS CELEBRATORY GALA IN MAY. ADDITIONALLY, THE FOUNDATION ENGAGED ITS DONORS IN TWO CHIT CHATS AND A PRIVATE DONOR RECEPTION IN NOVEMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPEN HEARTS FOUNDATION MADE INVESTMENTS THROUGH ITS GRANTMAKING PROGRAM IN ALIGNMENT WITH ITS OPEN HEARTS PHILOSOPHY, WHICH IS INSPIRED BY JANE SEYMOUR'S MOTHER, MIEKE FRANKENBERG. THIS PHILOSOPHY DRIVES THE FOUNDATION'S MISSION FORWARD AND ITS GRANT CYCLE FUNDED $250,000 TO CHARITIES ACROSS THE UNITED STATES. THE FOUNDATION HAS FOCUSED THESE GRANT INVESTMENTS PRIMARILY TO SUPPORT SMALL, EMERGING CHARITIES WITH BUDGETS OF LESS THAN A MILLION DOLLARS. THROUGH THE FOUNDATION'S EXTENSIVE INTERNAL VETTING PROCESS, 19 CHARITIES RECEIVED GRANTS TO SUPPORT THEIR LIFESAVING PROGRAMS AND SERVICES IN ARIZONA, CALIFORNIA, FLORIDA, GEORGIA, NEBRASKA, NEW HAMPSHIRE, OKLAHOMA, PENNSYLVANIA, TEXAS, AND VIRGINIA. THESE CHARITIES SERVE HIGH RISK COMMUNITIES IN NEED OF FOOD, CLOTHING, HYGIENE KITS, MEDICAL SERVICES, MENTAL HEALTH RESOURCES, AND WORKPLACE READINESS PROGRAMS SO THAT CHILDREN AND FAMILIES CAN CONTINUE TO THRIVE. AS PART OF THE GRANTMAKING PROGRAM, THE FOUNDATION SHARES THE MISSION OF EACH FUNDED CHARITY WITH ITS GLOBAL FAMILY OF DONORS AND VOLUNTEERS. ADDITIONALLY, ABOUT HALF OF THE CHARITIES LEVERAGE THE FOUNDATION'S GRANT AS A MATCHING GRANT AND RAISE DOUBLE OR TRIPLE THE FOUNDATION'S GRANT. SOLIDARITY SANDY SPRINGS, FOR EXAMPLE, RECEIVED A $12,000 MATCHING GRANT WHICH INSPIRED THEIR COMMUNITY OF DONORS TO RAISE A TOTAL OF $88,257 FOR THEIR HUNGER RELIEF PROGRAMS IN GEORGIA.
VOLUNTEERISM IS A CRITCAL CORE INTIATIVE OF THE OPEN HEARTS FOUNDATION BECAUSE WE BELIEVE WE ALL CAN DO SOMETHING TO HELP OTHERS. INSPIRING VOLUNTEERISM AND HOSTING VOLUNTEER EXPERIENCES ARE CORE STRATEGIES TO THIS PROGRAM. SINCE THE PROGRAM LAUNCHED IN 2018, THE FOUNDATION HAS HOSTED MANY VIRTUAL AND IN-PERSON VOLUNTEER EXPERIENCES THAT HAS ENGAGED A GLOBAL COMMUNITY OF VOLUNTEERS. IN 2023, THE FOUNDATION LAUNCHED ITS VOLUNTEER BLOG WITH THE GOALS TO INSPIRE VOLUNTEERISM THROUGH INTERVIEWS, PROVIDE RESOURCES TO HELP A PERSON BEGIN OR STRENGTHEN THEIR VOLUNTEER GOALS AND TO EMPOWER OUR CHARITY PARTNERS WITH OUR VOLUNTEER FAMILY TO HELP THEM REACH THEIR GOALS. THE VOLUNTEER BLOG WAS LAUNCHED IN APRIL DURING NATIONAL VOLUNTEER WEEK IN APRIL AND WE MADE A CALL TO ACTION TO OUR VOLUNTEERS ACROSS THE WORLD TO SEE WHAT THEY CAN DO TO HELP CLEAN UP THEIR LOCAL NEIGHBORHOODS. LOCALLY, THE FOUNDATION JOINED BALLONA CREEK RENAISSANCE DURING THEIR EARTH DAY CLEAN UP OF THE BALLONA CREEK. IN NOVEMBER ON FAMILY VOLUNTEER DAY, THE FOUNDATION HOSTED A PILOT INITIATIVE WHERE WE COORDINATED VOLUNTEERS TO SUPPORT LOCAL FOOD BANKS AND WE PARTNERED WITH TWO OF OUR CHARITY PARTNERS IN SUPPORT OF THEIR LOCAL FOOD PANTRY. THE FOUNDATION HOSTED OVER A DOZEN VOLUNTEERS LOCALLY AT MANNA CONEJO VALLEY IN CONEJO VALLEY, CALIFORNIA AND A FEW DONORS SUPPORTING SOLIDARITY SANDY SPRINGS IN GEORGIA. ADDITIONALLY, VOLUNTEERS ACROSS THE WORLD SHARED HOW THEY SUPPORT FOOD HUNGER IN THEIR COMMUNITIES VIA SOCIAL MEDIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Mallad Chair | OfficerTrustee | 2 | $0 |
Michael Destefano Treasurer | OfficerTrustee | 1 | $0 |
Julie Gallo Vander Wall Secretary | OfficerTrustee | 1 | $0 |
Jane Seymour Co-Founder / Board Member | Trustee | 1 | $0 |
Rich Gold Board Member | Trustee | 1 | $0 |
Jane Inch Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $611,170 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $149,306 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $760,476 |
Total Program Service Revenue | $0 |
Investment income | $2,928 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$218,336 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $545,068 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
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. | $113,416 |
Compensation of current officers, directors, key employees. | $11,341 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $23,667 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,977 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,925 |
Fees for services: Accounting | $10,466 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $13,000 |
Advertising and promotion | $1,019 |
Office expenses | $7,133 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $985 |
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 | $11,792 |
All other expenses | $0 |
Total functional expenses | $456,087 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $408,067 |
Savings and temporary cash investments | $152,905 |
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 | $560,972 |
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 | $557,606 |
Net assets with donor restrictions | $3,366 |
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 | $560,972 |
Over the last fiscal year, Open Hearts Foundation has awarded $250,000 in support to 19 organizations.
Grant Recipient | Amount |
---|---|
ASSISTANCE LEAGUE COCHELLA VALLEY PURPOSE: A $12,000.00 GRANT TO SUPPORT THE OPERATION SCHOOL BELL PROGRAM, WHICH WILL PROVIDE SCHOOL CLOTHING AND HYGIENE KITS INCLUDING 3 SHIRTS, A PAIR OF SHOES, 6 PAIRS OF SOCKS, 6 PAIRS OF UNDERWEAR, AND HYGIENE SUPPLIES FOR 5,000 COACHELLA VALLEY SOCIO ECONOMICALLY DISADVANTAGED PUBLIC PRE-K, ELEMENTARY AND MIDDLE SCHOOL STUDENTS. | $12,000 |
BLUEBIRD CULTURAL INITIATIVE PURPOSE: A $15,000.00 GRANT TO SUPPORT AT RISK YOUTH FROM DIFFICULT HOME SITUATIONS OR FOSTER CARE AND ELDER COMMUNITY MEMBERS WHO ARE OFTEN HOMEBOUND OR HAVE OTHER NEEDS, WITH HOME-DELIVERED MEALS, TOILETRIES, AND OTHER BASIC NEEDS CARE. THE CHARITY ENRICHES THE UNDERSTANDING OF THE HISTORY AND CULTURAL TRADITIONS OF NATIVE AMERICAN PEOPLES OF THE GREAT PLAINS. | $15,000 |
CHILDREN OF INMATES PURPOSE: A $15,000.00 GRANT TO SUPPORT CARE COORDINATION WHICH WILL HELP ADDRESS THE FINANCIAL, HOUSING, BASIC NEEDS, AND OTHER HARDSHIPS OF CHILDREN OF INMATES, AS WELL AS THE COSTS OF FOOD, CLOTHING, DIAPERS, BASIC SUPPLIES, EDUCATIONAL SUPPLIES AND OTHER CRITICAL NEEDS SO FAMILIES AND UNACCOMPANIED YOUTH CAN STABILIZE AND BEGIN TO HEAL. | $15,000 |
CHINLE PLANTING HOPE PURPOSE: A $7,000.00 GRANT TO CONTINUE TO SUPPORT THE R.E.A.D. IN BEAUTY (READING EMPOWERS ADVENTURES AND DREAMS) BOOKMOBILE AND LITERACY PROGRAM WHICH ENCOURAGES CHILDREN TO READ, STRENGTHEN THEIR LITERACY SKILLS, AND BROADEN THEIR HORIZONS. | $7,000 |
CLAIRE'S PLACE FOUNDATION PURPOSE: A $12,000.00 MATCHING GRANT TO SUPPORT THE WORK PROUDLY PROGRAM, WHICH SUPPORTS FAMILIES IN THE CYSTIC FIBROSIS COMMUNITY BY HELPING PARTICIPANTS IDENTIFY AND GAIN REMOTE, FLEXIBLE CAREERS THAT THEY CAN MAINTAIN WHILE CARING FOR THEMSELVES OR OTHERS AND RECEIVING CAREER COUNSELING, CASE MANAGEMENT, TUITION ASSISTANCE, EQUIPMENT FOR WORKING FROM HOME, AND SOCIAL SUPPORT FROM OTHERS. | $12,000 |
CONEJO COMMUNITY OUTREACH PURPOSE: A $15,000.00 GRANT TO SUPPORT THE DIAPER BANK, RELIEVING THE STRESS OF THE COST OF DIAPERS, THE HARD DECISIONS THAT LOW INCOME, FOSTER OR YOUNG FAMILIES FACE WHEN IT COMES TO "STRETCHING" THE USE/LENGTH OF TIME THEIR CHILD IS IN A DIAPER OR USING BRANDS THAT MAY GIVE THEIR BABIES RASHES/ALLERGIES. FUNDS WILL ALSO BE USED TO SUPPORT MORE FAMILIES ON THE WAITLIST. | $15,000 |