Nonprofit · EIN 87-3982059
OPEN COMMUNITY FOUNDATION
Tax-exempt · SAN FRANCISCO, CA 94121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,901,487 | $1,883,126 | $18,361 | $15,794,563 | $2,183 | $15,792,380 |
| December 31, 2023 | 990 | $621,447 | $332,191 | $289,256 | $14,380,792 | $1,110 | $14,379,682 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,901,487
- Net gain from sales of assets
- $1,257,554
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $522,822
- Other salaries and wages
- $19,662
- Salaries, compensation and benefits (total)
- $542,484
- Professional fundraising fees
- $0
- Legal fees
- $24,286
- Occupancy
- $56,214
- Travel
- $1,367
- Program services (functional)
- $1,412,348
- Management and general (functional)
- $470,778
Balance sheet and other
- Total assets, start of year
- $14,380,792
- Total assets, end of year
- $15,794,563
- Total liabilities, end of year
- $2,183
- Net assets, end of year
- $15,792,380
- Publicly traded securities
- $13,587,595
- Net assets without donor restrictions
- $15,792,380
- Gross receipts
- $2,671,220
- Employees
- 2
- Volunteers
- 2
- Year formed
- 2021
- State of legal domicile
- VA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUREN SAMARCHYAN | CHAIRMAN AND CEO Trustee or director, Officer | 40 | $288,068 | $5,213 |
| HEIN ROEHRIG | CTO (THRU 11/30) Officer | 40 | $221,717 | $7,825 |
| SERGIO MELLO | SECRETARY AND TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| MICHELLE B REAVES | DIRECTOR Trustee or director, Officer | 0.2 | $0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUREN SAMARCHYAN | CHAIRMAN AND CEO Trustee or director, Officer | 40 | $201,699 |
| NIRAJ SHETH | PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 873 44TH AVE, SAN FRANCISCO, CA 94121-3307
- In care of
- % NIRAJ SHETH
- Principal officer (990 for 2024)
- SUREN SAMARCHYAN, 873 44TH AVE, SAN FRANCISCO, CA 94121
- Signed the 990
- SUREN SAMARCHYAN, CHAIRMAN AND CEO
- Phone
- (650) 804-8081
- 990-N for 2021 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Niraj Sheth, 5363 N Sabino Canyon Road Apt 22, Tucson AZ 85750. Mailing address: 3632 36th Ave W, Seattle WA 98199.
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 87-3982059 or by the name OPEN COMMUNITY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE PURPOSE OF THE CORPORATION IS TO FURTHER THE COMMON GOOD AND GENERAL WELFARE BY CREATING A GLOBAL, OPEN, AND DECENTRALIZED SOCIAL PLATFORM THAT PROMOTES USERS' HAPPINESS AND WELLBEING AND WHERE USERS OWN AND CONTROL THEIR IDENTITIES, CONTENT, AND COMMUNITIES.
Program accomplishments
- STRATEGY DEVELOPMENT, PRODUCT ROADMAPPING, TESTING MULTIPLE DIRECTIONS, PROTOTYPING, USER RESEARCH, MARKET ANALYSIS, AND FEASIBILITY STUDIES FOR A DECENTRALIZED SOCIAL PLATFORM THAT PROMOTES USERS' HAPPINESS AND WELLBEING.Expenses $1,412,348
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3982059
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $15,794,563
- Income (IRS master file)
- $2,671,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,901,487 | $1,883,126 | $15,794,563 | XML |
| 990 | December 2023 | $621,447 | $332,191 | $14,380,792 | XML |
| 990 | December 2022 | $14,218,688 | $79,437 | $14,090,426 | IRS |
| 990-N for 2021 Officer: Niraj Sheth Filed under this EIN, most likely by a chapter or affiliate | December 31, 2021 | ≤ $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 87-3982059).
Questions about OPEN COMMUNITY FOUNDATION
- What is the EIN of OPEN COMMUNITY FOUNDATION?
- The employer identification number (EIN) of OPEN COMMUNITY FOUNDATION is 87-3982059.
- Is OPEN COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2022.
- Are donations to OPEN COMMUNITY FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OPEN COMMUNITY FOUNDATION 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 COMMUNITY 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 COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OPEN COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names SUREN SAMARCHYAN.
- Who are the officers and directors of OPEN COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $288,068 (SUREN SAMARCHYAN, CHAIRMAN AND CEO).
- How much revenue does OPEN COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,901,487, expenses of $1,883,126 and total assets of $15,794,563 at year end.
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