Mba Open Doors Foundation

Organization Overview

Mba Open Doors Foundation is located in Washington, DC. The organization was established in 2012. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mba Open Doors 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 09/2022, Mba Open Doors Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $5.1m during the year ending 09/2022. While expenses have increased by 47.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE CORPORATION IS TO CREATE AND DELIVER PROGRAMS THAT PROVIDE ASSISTANCE TO FAMILIES WITH CRITICALLY ILL OR INJURED CHILDREN FOR THE PURPOSE OF AIDING IN THE SECURITY OF THEIR HOMES. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION: (A) SHALL DEVELOP AND PROMOTE PHILANTHROPIC PROGRAMS AIMED AT THESE AREAS; AND (B) MAY CARRY ON ANY AND ALL LAWFUL ACTIVITIES RELATED THERETO, ALLOWED UNDER THE ACT, WHETHER OR NOT STATED HEREIN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MBA OPENS DOORS FOUNDATION (ODF) WAS CREATED TO SPONSOR PHILANTHROPIC ACTIVITIES FOCUSED ON HELPING FAMILIES MAINTAIN THEIR HOMES, AS WELL AS TO PROVIDE CHARITABLE SUPPORT. ODF'S FIRST INITIATIVE MAKES MORTGAGE AND RENTAL ASSISTANCE PAYMENT GRANTS TO PARENTS AND GUARDIANS WITH CRITICALLY ILL OR INJURED CHILDREN, ALLOWING THEM TO TAKE UNPAID LEAVE FROM WORK AND SPEND PRECIOUS TIME TOGETHER WITHOUT JEOPARDIZING THEIR CHERISHED HOMES.THE MBA OPENS DOORS FOUNDATION MORTGAGE AND RENTAL GRANT ASSISTANCE INITIATIVE IS A PROGRAM BY WHICH DESIGNATED HEALTH CARE PROVIDERS IDENTIFY AND PROVIDE HOME GRANT PROGRAM INFORMATION TO FAMILIES THAT MAY BENEFIT FROM FINANCIAL SUPPORT.THE MBA OPEN DOORS FOUNDATION (ODF):- IDENTIFIES AND FACILITATES THE DESIGNATION OF ADDITIONAL HEALTHCARE PROVIDERS.- ESTABLISHED ITS FIRST DESIGNATED HEALTH CARE PROVIDER IN THE WASHINGTON, DC METROPOLITAN AREA: THE CHILDREN'S NATIONAL MEDICAL CENTER. SINCE ESTABLISHING ITS RELATIONSHIP WITH CHILDREN'S NATIONAL MEDICAL CENTER, THE FOUNDATION HAS DESIGNATED 12 MORE HEALTH CARE PROVIDERS AROUND THE COUNTRY AND IS CURRENTLY RECEIVING GRANTS FROM 13 PROVIDERS FOR THE CURRENT REPORTING PERIOD.THE MBA OPENS DOORS FOUNDATION ESTABLISHED A TEMPORARY PANDEMIC RELIEF HOME GRANT PROGRAM EFFECTIVE JANUARY 2021 THROUGH DECEMBER 31, 2021. THE TEMPORARY PROGRAM PROVIDED A QUALIFIED FAMILY WITH A SECOND GRANT FOR A MORTGAGE OR RENT PAYMENT. THIS TEMPORARY PROGRAM ENDED DECEMBER 31, 2021.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,187,127
Noncash contributions included in lines 1a–1f $6,933
Total Revenue from Contributions, Gifts, Grants & Similar$5,187,127
Total Program Service Revenue$0
Investment income $9,174
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,196,301

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mba Open Doors Foundation has recieved totaling $2,501.

Awarding OrganizationAmount
Allan And Denise Edelson Family Foundation

Long Grove, IL

PURPOSE: CHARITABLE - MBA OPENS DOORS FOUNDATION

$2,501
View Grant Recipient Profile

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