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Nonprofit · EIN 61-0711383

OPEN CONCERN INC

Tax-exempt · RICHMOND, KY 40475

Financials

$65K$39K2023$63K$46K2024
Revenue Expenses · by fiscal year end
Financials of OPEN CONCERN INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$62,890$46,499$16,391$113,562$800$112,762
December 31, 2023990-EZ$64,811$39,156$25,655$97,102$731$96,371
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,167
Investment income
$2,723
Net income from sales of inventory
$56,000

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$20,478
Professional fees and payments to contractors
$2,495
Occupancy
$8,661
Other expenses
$14,865
Program services (functional)
$44,004

Balance sheet and other

Total assets, start of year
$97,102
Total assets, end of year
$113,562
Total liabilities, end of year
$800
Net assets, end of year
$112,762
Cash, savings and investments
$96,872
Gross receipts
$62,890

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.

NameTitleHours / weekCompensation
STEVE GABLEDIRECTOR0.1$0
ROBERT HERBSTTREASURER2.5$0
CAROL TIPTONSECRETARY0.2$0
BUTCH TIPTONDIRECTOR0.1$0
ANDY COLLEYPRESIDENT0.1$0
JOANNE WALKERDIRECTOR0.1$0
PENNY WHITSONVICE PRESIDE0.1$0
SUSAN FRAZIERDIRECTOR0.1$0
CYNTHIA BALLARDDIRECTOR0.1$0
BETH JONESDIRECTOR0.1$0
VIRGIL GARDNERDIRECTOR0.1$0
990-EZ for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
STEVE GABLEDIRECTOR0.1$0
ROBERT HERBSTTREASURER2.5$0
CAROL TIPTONSECRETARY0.2$0
BUTCH TIPTONDIRECTOR0.1$0
ANDY COLLEYPRESIDENT0.1$0
JOANNE WALKERDIRECTOR0.1$0
PENNY WHITSONVICE PRESIDE0.1$0
SUSAN FRAZIERDIRECTOR0.1$0
CYNTHIA BALLARDDIRECTOR0.1$0
BETH JONESDIRECTOR0.1$0
VIRGIL GARDNERDIRECTOR0.1$0

Address and contacts

Address (IRS master file)
229 E IRVINE ST, RICHMOND, KY 40475-1523
In care of
% OPEN CONCERN INC
Mailing address (990-N for 2022)
PO Box 702, Richmond KY 40475
Principal officer (990-N for 2022)
Steve Gamble, PO Box 702, Richmond KY 40475
Signed the 990-EZ
ROBERT HERBST, TREASURER
Phone
(859) 200-5755
Return prepared by
RHONDA E SEIBERT PLLC

Mission

TO PROVIDE CLOTHING TO SCHOOL AGE CHILDREN

990-EZ for the year ended December 31, 2024

Program accomplishments

  • OPEN CONCERN INC PROVIDES APPROXIMATELY 400-500 SCHOOL AGE CHILDREN WITH CLOTHING EACH YEAR
    Expenses $44,004

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
61-0711383
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1970
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$113,562
Income (IRS master file)
$62,890

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$62,890$46,499$113,562IRS
990-EZDecember 2023$64,811$39,156$97,102XML
990-N for 2022
Officer: Steve Gamble
December 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2021
Officer: Steve Gamble
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Steve Gamble
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Steve Gamble
December 31, 2019≤ $50,000 receipts––e-Postcard

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 61-0711383).

Questions about OPEN CONCERN INC

What is the EIN of OPEN CONCERN INC?
The employer identification number (EIN) of OPEN CONCERN INC is 61-0711383.
Is OPEN CONCERN INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
Are donations to OPEN CONCERN INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OPEN CONCERN INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OPEN CONCERN INC 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 CONCERN INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of OPEN CONCERN INC?
The 990-N for 2022 names Steve Gamble.
Who are the officers and directors of OPEN CONCERN INC?
The 990-EZ for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does OPEN CONCERN INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $62,890, expenses of $46,499 and total assets of $113,562 at year end.

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