Open Access Us Inc
- Assets
- $142.4k
- Revenue
- $204.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 88-3938185
Organization Overview
Open Access Us Inc is located in Newark, NJ. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Access Us Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OPEN ACCESS FELLOWSHIP IS A PROGRAM FUNDED BY SOME OF THE COMMUNITY DEVELOPMENT INDUSTRYS TOP COMPANIES THAT ATTRACTS AND PREPARES MINORITY PROFESSIONALS FOR CAREERS IN THAT INDUSTRY. THE FELLOWSHIP OFFERS A UNIQUE OPPORTUNITY TO BRING DIVERSITY TO THE WORLD OF COMMUNITY DEVELOPMENT FINANCE. OUR FELLOWS ARE GIVEN THE OPPORTUNITY TO WORK FOR SOME OF THE INDUSTRYS LEADING EXPERTS IN FINANCE AND COMMUNITY DEVELOPMENT. THE GOAL OF THE PROGRAM IS TO PROVIDE ACCESS FOR A DIVERSE GROUP OF PROFESSIONALS TO BE TRAINED FOR CAREERS IN THE COMMUNITY DEVELOPMENT INDUSTRY. THE FELLOWS ARE PROVIDED ACCESS TO CURRICULUM THROUGH VIRTUAL TRAINING, WEBINARS AND CONFERENCE ATTENDANCE SPONSORED BY NOVOGRADAC & COMPANY LLP. THE PAID FELLOWSHIP IS A COMMITMENT OF 160 HOURS OVER UP TO 12 WEEKS. FELLOWS ARE MATCHED WITH TRAINED PROFESSIONALS FOR MENTORING AND CAREER GROWTH OPPORTUNITIES. ALL APPLICANTS ARE EXPECTED TO HAVE A 4-YEAR DEGREE OR TO BE CURRENT GRADUATING SENIORS FROM AN ACCREDITED INSTITUTION A
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPEN ACCESS FELLOWSHIP IS A PROGRAM FUNDED BY SOME OF THE COMMUNITY DEVELOPMENT INDUSTRYS TOP COMPANIES THAT ATTRACTS AND PREPARES MINORITY PROFESSIONALS FOR CAREERS IN THAT INDUSTRY. THE FELLOWSHIP OFFERS A UNIQUE OPPORTUNITY TO BRING DIVERSITY TO THE WORLD OF COMMUNITY DEVELOPMENT FINANCE. OUR FELLOWS ARE GIVEN THE OPPORTUNITY TO WORK FOR SOME OF THE INDUSTRYS LEADING EXPERTS IN FINANCE AND COMMUNITY DEVELOPMENT. THE GOAL OF THE PROGRAM IS TO PROVIDE ACCESS FOR A DIVERSE GROUP OF PROFESSIONALS TO BE TRAINED FOR CAREERS IN THE COMMUNITY DEVELOPMENT INDUSTRY. THE FELLOWS ARE PROVIDED ACCESS TO CURRICULUM THROUGH VIRTUAL TRAINING, WEBINARS AND CONFERENCE ATTENDANCE SPONSORED BY NOVOGRADAC & COMPANY LLP. THE PAID FELLOWSHIP IS A COMMITMENT OF 160 HOURS OVER UP TO 12 WEEKS. FELLOWS ARE MATCHED WITH TRAINED PROFESSIONALS FOR MENTORING AND CAREER GROWTH OPPORTUNITIES. ALL APPLICANTS ARE EXPECTED TO HAVE A 4-YEAR DEGREE OR TO BE CURRENT GRADUATING SENIORS FROM AN ACCREDITED INSTITUTION AND MUST DEMONSTRATE AN INTEREST IN COMMUNITY DEVELOPMENT FINANCE. UPON SUCCESSFUL COMPLETION OF THE PROGRAM, FELLOWS ARE POSITIONED TO BRING THEIR EXPERTISE INTO THE WORLD OF COMMUNITY DEVELOPMENT FINANCE, COUPLED WITH THE UNIQUE PERSPECTIVE INFORMED BY THEIR BACKGROUNDS. FELLOWS ARE ABLE TO PROMOTE DIALOGUE ON TOPICS DEALING WITH EQUITY, INCLUSION AND REPRESENTATION IN AN ENVIRONMENT THAT HAS A DIRECT IMPACT ON THE LIVES OF LOW INCOME PEOPLE AND PEOPLE OF COLOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roz Billups Executive Di | Officer | 1 | $0 |
Kermit Billups Trustee | Trustee | 1 | $0 |
Etta Gumbs Trustee | Trustee | 1 | $0 |
Jeff Monge Co-Chair Of | OfficerTrustee | 1 | $0 |
Liliana Aide Monge Trustee | Trustee | 1 | $0 |
Gina Nisbeth Co-Chair | OfficerTrustee | 1 | $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 | $204,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,145 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $204,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $109,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,604 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,995 |
| Advertising and promotion | $13,318 |
| Office expenses | $7,162 |
| Information technology | $4,045 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,414 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $854 |
| All other expenses | $1,011 |
| Total functional expenses | $171,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,378 |
| 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 | $142,378 |
| 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 | $142,378 |
| 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 | $142,378 |