Open M Foundation
Only null% goes to programs Strong reserves Declining revenue
Open M Foundation is a 501(c)(3) organization based in Akron, Ohio, registered in 2007, with $28,725 in FY2024 revenue. CharityIndex grades it C+.
941 Princeton St, Akron, OH, 44311 EIN 03-0605432 Since 2007
Revenue (FY2024)
$29K
▼ 53.8% vs prior year
Religion median: $139K
Expenses (FY2024)
$5,171
Net assets
$1.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Open M Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating2631 mo reserves · +82% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Open M Foundation: 2631 mo reserves · +82% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Open M Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Open M Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 941 Princeton St, Akron, OH, 44311
- City
- Akron
- State
- Ohio
- Category
- Religion-Related
- Subcategory
- Support Foundations & Fundraising
Financial trends
Revenue declined from $79K (FY2016) to $29K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.1M
Operating margin
82.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$0
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $28,725▼53.8% | $5,171▲12.1% | $1,133,850▲10.2% | $1,133,850▲10.2% | 990 |
| 2023 | $62,234▲115% | $4,612▲11.5% | $1,029,152▲21.9% | $1,029,152▲21.9% | 990 |
| 2022 | $28,889▼64.3% | $4,138▼5.5% | $844,033▲10.0% | $844,033▲10.0% | 990 |
| 2021 | $80,816▼22.9% | $4,380▲10.7% | $767,140▼11.7% | $767,140▼11.7% | 990 |
| 2020 | $104,807▲398% | $3,955▲29.4% | $869,021▲29.2% | $869,021▲29.2% | 990 |
| 2019 | $21,039▼18.9% | $3,057▲4.8% | $672,370▲19.1% | $672,370▲19.1% | 990 |
| 2018 | $25,943▲4.6% | $2,916▲9.3% | $564,417▼5.8% | $564,417▼5.8% | 990 |
| 2017 | $24,810▼68.5% | $2,667▲11.0% | $598,852▲15.5% | $598,852▲15.5% | 990 |
| 2016 | $78,644 | $2,403▼90.5% | $518,323▼0.8% | $518,323▼0.9% | 990 |
| 2012 | — | $25,200▲2.1% | $522,331▲10.9% | $522,962▲5.9% | 990 |
| 2011 | — | $24,672▼3.6% | $471,037▼6.5% | $493,819▼2.2% | 990 |
| 2010 | — | $25,594 | $504,052 | $504,684 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $26K total
4 grants to Open M Foundation totaling $26K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | Religion related | 2020 | $5,050 |
| Donor Advised Charitable Giving | Religion related | 2020 | $5,050 |
| Donor Advised Charitable Giving | Religion related | 2019 | $8,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $7,000 |
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Frequently asked questions
- Is Open M Foundation a legitimate nonprofit?
- Yes. Open M Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0605432, based in Akron, Ohio. Donations are tax-deductible.
- What is Open M Foundation's EIN?
- Open M Foundation's Employer Identification Number (EIN) is 03-0605432.
- How much revenue does Open M Foundation report?
- Open M Foundation reported $28,725 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Open M Foundation have?
- CharityIndex grades Open M Foundation C+, based on financial health (reserves and operating margin).
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Data for Open M Foundation (EIN 03-0605432) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.