2018-11-07T12:53:35-06:00 2017-12-31 946214841 ARMANINO LLP 11766 WILSHIRE BLVD 9TH FLOOR LOS ANGELES CA 90025 990 2017-01-01 271215063 OPEN HEARTS FOUNDATION OPEN 3108415821 23838 PACIFIC COAST HIGHWAY 2782 MALIBU CA 90265 JIM PALMER SECRETARY 3108415821 2018-11-06 1 RENEE ORDENEAUX P00733066 3104784148 69.75.114.228 2018-11-06 19:02:53 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 31F25E6BA3B8125FEB68070DA7CCE1AD776F15D8 2017 2019-02-21 02:37:17Z JAMES KEACH 23838 PACIFIC COAST HIGHWAY 2782 MALIBU CA 90265 542446 0 X N/A X 2010 CA TO SHARE THE OPEN HEARTS PHILOSOPHY OF TRANSFORMING PERSONAL ADVERSITY INTO AN OPPORTUNITY TO SERVE OTHERS. 6 6 2 10 0 0 204638 449797 0 0 31 33 0 -38059 204669 411771 0 192000 0 0 34064 11241 0 0 57478 70109 216675 104173 419916 100496 -8145 189739 180723 871 0 188868 180723 X THE OPEN HEARTS FOUNDATION IS A SOCIAL IMPACT ACCELERATOR THAT IS COMMITTED TO EMPOWERING EMERGING AND GROWING NONPROFIT ORGANIZATIONS, WHOSE ORGINS AND MISSION ARE CONSISTENT WITH THE PRECEPTS OF THE OPEN HEARTS PHILOSOPHY. THE FOUNDATION, BY PROVIDING EXPERTISE, RESOURCES AND TOOLS, ENABLES THESE NONPRFITS TO NOT ONLY RAISE THEIR PROFILE BUT ALSO FURTHER THEIR MISSION AND OBJECTIVES. 1 0 192000 192000 THE FOUNDATION MADE A TOTAL OF $192,000 IN GRANTS IN 2017, ONE GRANT OF $72,000 AND TWO GRANTS OF $60,000. THE GRANTS WERE MADE TO THE FOLLOWING RECIPIENTS, IN HONOR OF THE FOLLOWING HONOREES, TO IMPLEMENT THEIR MISSION: GRANT TO BAY AREA LYME FOUNDATION (BALF), HONORING LAURE WOODS, WHO WAS DIAGNOSED WITH LATE-STAGE LYME DISEASE AND IS A FOUNDER OF THE BALF. LAUNCHED IN 2011, BALF IS FOCUSED ON FUNDING AND FOSTERING NEW AND INNOVATIVE RESEARCH TO ACCELERATE THE DEVLEOPMENT OF NEW DIAGNOSTICS AND TREATMENTS FOR LYME DISEASE. GRANT TO EXCEPTIONAL MINDS. HONORING FOUNDERS YUDI BENNETT, SUSAN ZWERMAN AND ERNIE MERLAN. YUDI'S SON IS A YOUNG ADULT WITH AUTISM. EXCEPTIONAL MINDS, ESTABLISHED IN 2011, IS THE FIRST AMERICAN COMPUTER ANIMATION STUDIO AND NON-PROFIT DIGITAL ARTS SCHOOL FOR YOUNG ADULTS ON THE AUTISM SPECTRUM.GRANT TO GLOBAL MOBILITY USA, HONORING FOUNDERS DAVID RICHARD AND DREW PLOTKIN. GLOBAL MOBILITY PROVIDES WHEELCHAIR AND MOBILITY SOLUTIONS, EDUCATION AND ADVOCACY TO CHILDREN, TEENS AND ADULTS WITH DISABILITIES AROUND THE WORLD SO THEY ARE EQUIPPED AND EMPOWERED TO LIVE FULFILLING, PURPOSEFUL LIVES. ALSO, THE FOUNDATION MADE IN-KIND DONATIONS THROUGH THE SOPHISTICATED USE OF A LIVE AUCTION STRATEGY THAT CONVERTED TO SIGNIFICANT FINANCIAL RETURNS FOR THE RECIPIENT NONPROFITS. THE FOUNDATION SUPPORTED FOUR NONPROFITS THROUGH GRANTS OF BENEFACTOR CIRCLE TICKETS TO THE OPEN HEARTS GALA. THE NONPROFITS WERE ABLE TO RAISE $57,500 THROUGH THEIR LIVE ACUTION ACTIVITIES WITH SUPPORT FROM THE FOUNDATION. THE FOUNDATION INCURRED $2,500 IN DIRECT COSTS FOR THESE GIFTS. THE NONPROFITS AND THEIR REALIZED AUCTION PROFITS ARE AS FOLLOWS:1) AMERICAN HEART ASSOCIATION STANISLAUS/SAN JOAQUIN DIVISION: $20,0002) BAY AREA LYME FOUNDAITON: $24,0003) NATIONAL DOMESTIC VIOLENCE HOTLINE: $8,5004) GLOBAL MOBILITY USA: $5,000 19887 19887 211887 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X JIMMY YUN ARMANINO LLP 3107455785 11766 WILSHIRE BLVD FL 9 LOS ANGELES CA 90025 X JAMES KEACH CHAIRMAN 5.00 X X 0 0 0 JAMES PALMER SECRETARY 5.00 X X 0 0 0 ROBERT TRABUCCO TREASURER 2.00 X X 0 0 0 JANE SEYMOUR DIRECTOR 2.00 X 0 0 0 ERIC MCINTYRE DIRECTOR 2.00 X 0 0 0 RICHARD GOLD DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 ELAINE MELLIS 101 LOMBARD STREET SUITE 219E SAN FRANCISCO CA 94111 105000 1 267723 182074 449797 33 33 85775 267723 130675 -44900 -44900 OTHER INCOME 900099 5371 5371 SETTLEMENT 900099 1470 1470 6841 411771 0 0 -38026 192000 192000 10015 10015 1226 1226 105000 10500 52500 42000 20408 20408 22112 22112 36715 7343 29372 4895 146 1200 3549 7550 7550 13269 553 8337 4379 6491 1298 5193 LICENSES AND FEES 235 47 188 419916 211887 150551 57478 189739 175627 0 5096 189739 180723 871 871 0 X 188868 180723 188868 180723 189739 180723 -8145 0 X 0 0 0 X 582905 507180 313636 204638 449797 2058156 582905 507180 313636 204638 449797 2058156 692092 1366064 31 33 64 -199156 -88645 -38059 -325860 1732360 0.78860 0.79700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS NET - 2014 AMOUNT: $ -199,156. 2015 AMOUNT: $ -88,645. 2017 AMOUNT: $ -44,900. OTHER INCOME - 2017 AMOUNT: $ 6,841. GALA 268000 232950 35050 12361 94582 16414 LIVE AUCTION 75250 27250 48000 1 10248 7523 2725 7318 353498 267723 85775 12361 94582 23732 130675 -44900 0 EXCEPTIONAL MINDS 13400 RIVERSIDE DR SUITE 211 SHERMAN OAKS CA 91423 800392843 501 (C) (3) 60000 GENERAL OPERATING SUPPORT GLOBAL MOBILITY 7536 TYRONE AVENUE VAN NUYS CA 91405 460790383 501 (C) (3) 72000 GENERAL OPERATING SUPPORT BAY AREA LYME FOUNDATION 884 PORTOLA ROAD SUITE A7 PORTOLA VALLEY CA 94028 453715012 501 (C) (3) 60000 GENERAL OPERATING SUPPORT 3 FORM 990, PART III, LINE 2 OPEN HEARTS FOUNDATION CONTINUES TO SEEK FUNDING SOURCES WITH LOWER COSTS IN ORDER TO INCREASE THE AMOUNT OF FUNDS AVAILABLE FOR GRANT-MAKING PURPOSES. THE FOUNDATION CHANGED THE CONFIGURATION OF THEIR GALA TO A HIGHER PROFIT MARGIN MODEL AND REALIZED SIGNIFICANTLY HIGHER RETURN. IN ADDITION, THE FOUNDATION BEGAN EXPLORING ADDITIONAL CORPORATE AND FAMILY FOUNDATION FUNDING SOURCES. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN OUTSIDE CPA AND PROVIDED FOR REVIEW TO THE BOARD TREASURER AND EXECUTIVE DIRECTOR BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION USES ITS OUTSIDE COUNSEL TO ADVISE ON TRANSACTIONS INVOLVING BOARD MEMBERS OR COMPANIES WITH WHICH THEY ARE INVOLVED. IN ADDITION, TWO INDEPENDENT DIRECTORS REVIEW ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS PROVIDED UPON REQUEST.