Mba Opens Doors Foundation
- Assets
- $5.3m
- Revenue
- $4.0m
- Investments
- $13.3k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2012
- Data as of
- 09/2023
- EIN
- 32-0355086
Organization Overview
Mba Opens 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 Opens 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 09/2023, Mba Opens Doors Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $5.7m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert D Broeksmit Odf Director, Mba President & CEO | OfficerTrustee | 0.3 | $0 |
Marcia M Davies Odf Director, Mba COO | OfficerTrustee | 0.3 | $0 |
Debra Still Odf Chairman | OfficerTrustee | 0.3 | $0 |
Andrew Bon Salle Odf Director | Trustee | 0.3 | $0 |
Jean Bradley Odf Director | Trustee | 0.3 | $0 |
James M Deitch Odf Director | Trustee | 0.3 | $0 |
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 | $3,974,488 |
| Noncash contributions included in lines 1a–1f | $42,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,974,488 |
| Total Program Service Revenue | $0 |
| Investment income | $52,432 |
| 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 | $4,026,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,598,432 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $40,654 |
| Total functional expenses | $5,657,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,005,351 |
| Savings and temporary cash investments | $2,319,200 |
| Pledges and grants receivable | $1,738,380 |
| 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 | $211,180 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,279 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,480 |
| Total assets | $5,309,870 |
| Accounts payable and accrued expenses | $9,507 |
| 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 | $570 |
| Total liabilities | $10,077 |
| Net assets without donor restrictions | $5,299,793 |
| Net assets with donor restrictions | $0 |
| 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 | $5,309,870 |