OPEN FUTURE INSTITUTE: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
OPEN FUTURE INSTITUTE (EIN 45-5494252)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-08-09
IRS object ID
201522219349200657
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-08-09T15:04:44-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133597814PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SKODY SCOT & CO CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1520 EIGHTH AVE SUITE 2200AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455494252EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OPEN FUTURE INSTITUTEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlOPENBusinessNameControlTxt
Phone9174057331PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 WEST 57TH STREET NO 45AAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGERARD SENEHIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9174057331PhoneNum
Signature2015-08-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM SKODYPreparerPersonNm
PTINP00631754PTIN
Phone2129671100PhoneNum
Preparation2015-08-09PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressOPENFUTUREINSTITUTE.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$89,434GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$89,434ContributionsGiftsGrantsEtcAmt
Total Revenue$89,434TotalRevenueAmt
Salaries Other Comp Empl Bnft$60,000SalariesOtherCompEmplBnftAmt
Other Expenses Total$34,826OtherExpensesTotalAmt
Total Expenses$94,826TotalExpensesAmt
Excess Or Deficit For Year-$5,392ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$36,966NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$31,574NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$37,295BOYAmt
EOY$31,541EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$33EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$37,295BOYAmt
EOY$31,574EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$329BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$36,966BOYAmt
EOY$31,574EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeOUR MISSION IS TO EXPAND AND PROMOTE THE EVOLUTION OF CULTURE IN ORDER TO SUPPORT THE ADVANCEMENT OF SOCIETY AND TO ADDRESS GLOBAL CHALLENGES AT THEIR SOURCE.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE QUESTION PROJECT PROVIDES FORUMS FOR HIGH SCHOOL AND UNIVERSITY STUDENTS GLOBALLY TO REFLECT ON THEIR BELIEFS, VALUES, AND PURPOSE. IT IS DESIGNED TO GIVE STUDENTS AN OPPORTUNITY TO ENGAGE AUTHENTICALLY WITH THEIR CORE VALUES AND HOW THEY DEFINE MEANING AT A STAGE IN THEIR LIVES WHEN THEY BEGIN MAKING CHOICES THAT WILL SET THE TRAJECTORY OF THEIR FUTURE. THIS INITIATIVE AIMS TO SUPPORT STUDENTS' SENSE OF RESPONSIBILITY TO THE GREATER SOCIETY, THEIR POTENTIAL FOR INSPIRED LEADERSHIP, AND THEIR CAPACITY TO RESPOND CREATIVELY TO THE PRESSING NEEDS OF OUR TIME WITH VISION AND PURPOSE.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$83,111ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$83,111TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GERARD SENEHI
PRESIDENT20.00$0$0$0
FRANCESCA RUSCIANI
VICE PRESIDENT20.00$60,000$0$0
TRACY GARY
DIRECTOR1.00$0$0$0
NAZIR AHMAD
SECRETARY1.00$0$0$0
DANIEL STONE
DIRECTOR1.00$0$0$0
DAVID ADLER
DIRECTOR1.00$0$0$0
MICHELINE NADER
DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 WEST 57TH STREET NO 45AAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Phone9174057331PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$49,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$48,945CurrentTaxYearMinus1YearAmt
Current Tax Year$89,434CurrentTaxYearAmt
Total$187,879TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$49,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$48,945CurrentTaxYearMinus1YearAmt
Current Tax Year$89,434CurrentTaxYearAmt
Total$187,879TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$94,198SubstantialContributorsTotAmt
Public Support Total170$93,681PublicSupportTotal170Amt
Total Support$187,879TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: BANK FEES. AMOUNT: 460. DESCRIPTION: CONFERENCES & MEETINGS . AMOUNT: 352. DESCRIPTION: LIFE QUESTIONS PROJECT EXPENSES. AMOUNT: 28,956. DESCRIPTION: BUSINESS REGISTRATION FEES. AMOUNT: 295. DESCRIPTION: SALON EXPENSES. AMOUNT: 155. DESCRIPTION: TRAVEL & MEALS. AMOUNT: 408. DESCRIPTION: DONOR NETWORKING. AMOUNT: 1,478. DESCRIPTION: MARKETING EXPENSES. AMOUNT: 2,451. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 271. TOTAL TO FORM 990-EZ, LINE 16: 34,826.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 33.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 329. END OF YEAR AMOUNT: 0.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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