Nonprofit · EIN 88-3037061
OPEN HEART FOUNDATION
Tax-exempt · BROOKLYN, NY 11249
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | -$10,847 | $18,236 | -$29,083 | $64,096 | – | $64,096 |
| December 31, 2023 | 990-EZ | $196,391 | $143,152 | $53,239 | $93,179 | – | $93,179 |
| December 31, 2022 | 990-EZ (amended) | $107,435 | $67,495 | $39,940 | $73,369 | $33,429 | $39,940 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $1,873
- Net gain from sales of assets
- -$12,720
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $3,228
- Other expenses
- $15,008
- Program services (functional)
- $16,281
Balance sheet and other
- Total assets, start of year
- $93,179
- Total assets, end of year
- $64,096
- Total liabilities, end of year
- –
- Net assets, end of year
- $64,096
- Cash, savings and investments
- $28,688
- Gross receipts
- $3,073
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nicola Finnemore | Secretary | 0 | $0 |
| Leon Kirchoff | Treasurer | 0 | $0 |
| Jason Gustafson | President | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nicola Finnemore | Secretary | 0 | $0 |
| Leon Kirchoff | Treasurer | 0 | $0 |
| Jason Gustafson | President | 0 | $0 |
990-EZ for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nicola Finnemore | Secretary | 0 | $0 |
| Leon Kirchoff | Treasurer | 0 | $0 |
| Jason Gustafson | President | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 184 KENT AVE APT 405, BROOKLYN, NY 11249-3118
- Signed the 990-EZ
- Nicola Finnemore, Secretary
- Phone
- (347) 495-9996
- Return prepared by
- Strategic Financial Reporting
Mission
Fostering community creation, building, and cultural experimentation through immersive art experiences.
Program accomplishments
- Fostering community creation, building, and cultural experimentation through immersive art experiences.Expenses $16,281
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-3037061
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $64,096
- Income (IRS master file)
- $3,073
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | -$10,847 | $18,236 | $64,096 | XML |
| 990-EZ | December 2023 | $196,391 | $143,152 | $93,179 | XML |
| 990-EZ | December 2022 | $107,435 | $67,495 | $73,369 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-3037061).
Questions about OPEN HEART FOUNDATION
- What is the EIN of OPEN HEART FOUNDATION?
- The employer identification number (EIN) of OPEN HEART FOUNDATION is 88-3037061.
- Is OPEN HEART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to OPEN HEART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPEN HEART FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of OPEN HEART FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPEN HEART FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of OPEN HEART FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does OPEN HEART FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of -$10,847, expenses of $18,236 and total assets of $64,096 at year end.
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