Nonprofit · EIN 99-4543838
OPEN FINANCE CONSORTIUM INC
Tax-exempt · COVINA, CA 91723
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $352,720 | $228,027 | $124,693 | $224,980 | $100,287 | $124,693 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $187,500
- Program service revenue
- $165,000
- Investment income
- $220
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $23,219
- Salaries, compensation and benefits (total)
- $74,234
- Professional fundraising fees
- $0
- Legal fees
- $23,398
- Accounting fees
- $7,175
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $224,980
- Total liabilities, end of year
- $100,287
- Net assets, end of year
- $124,693
- Net assets without donor restrictions
- $124,693
- Gross receipts
- $352,720
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2024
- State of legal domicile
- DE
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 |
|---|---|---|---|
| FRANCOIS HODIERNE | EXECUTIVE DIRECTOR/SECRETARY Trustee or director, Officer | 38 | $0 |
| PIA MANCINI | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BENJAMIN NICKOLLS | TRESURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 440 N BARRANCA AVENUE 3489, COVINA, CA 91723-1722
- Principal officer (990 for 2024)
- FRANCOIS HODIERNE, 440 N BARRANCA AVENUE 3489, COVINA, CA 91723
- Signed the 990
- FRANCOIS HODIERNE, EXECUTIVE DIRECTOR
- Phone
- (415) 234-3349
- Website
- WWW.OPENCOLLECTIVE.COM/OFICO
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 99-4543838 or by the name OPEN FINANCE CONSORTIUM INC.
- 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
TO SUPPORT AND ADVANCE THE COMMON BUSINESS INTERESTS OF ORGANIZATIONS, INCLUDING FISCAL SPONSORS, COLLECTIVES, AND FISCAL HOSTS, COMMITTED TO THE USE OF TRANSPARENT FINANCIAL LEDGERS IN THEIR OPERATIONAL PRACTICES FOR THE PURPOSES OF SIMPLIFYING COMPLIANT MONEY TRANSFERS AND ENABLING PARTICIPATORY FISCAL GOVERNANCE.
Program accomplishments
- OPEN FINANCE CONSORTIUM DEDICATED 10% OF ITS TIME AND EXPENDITURES TO DEVELOPING AND OFFERING AN INDUSTRY CERTIFICATION MECHANISM THAT VERIFIED ADHERENCE TO TRANSPARENT FINANCIAL LEDGER STANDARDS. THIS INCLUDED REVIEWING APPLICANT FINANCIAL RECORDS AND ISSUING CERTIFICATION LETTERS OR BADGES FOR VERIFIED MEMBERS. THE CORE ACTIVITY, COMPRISING 80% OF TIME AND EXPENDITURES, FOCUSED ON DEVELOPING A FREE, OPEN-SOURCE SOFTWARE PLATFORM FOR TRANSPARENT FINANCIAL MANAGEMENT, OPERATED BY A SUBSIDIARY AND IMPROVED THROUGH ONGOING DEVELOPMENT CYCLES, BUG FIXES, DOCUMENTATION UPDATES, AND USER SUPPORT. THE ORGANIZATION ALSO CONDUCTED EDUCATION AND ADVOCACY TO ADVANCE INDUSTRY TRANSPARENCY, INCLUDING MONTHLY COMMUNITY CALLS, SHARING DEVELOPMENT INSIGHTS, AND CURATING A KNOWLEDGE BASE TO SUPPORT MEMBERS. IN 2024, OPEN FINANCE CONSORTIUM, INC. MADE SIGNIFICANT PROGRESS ACROSS MULTIPLE AREAS: - A MAJOR MILESTONE WAS THE COMPLETION OF THE PLATFORM'S TRANSITION FROM OPEN COLLECTIVE INC. TO THE OPEN FINANCE CONSORTIUM. - THE TEAM RELOCATION WAS SUCCESSFUL, ENSURING CONTINUITY AND COHESION. - THE STRATEGIC DIRECTION OF THE PLATFORM (OPEN COLLECTIVE PLATFORM) WAS ADVANCED BY TRANSITIONING TO A NEW PRICING MODEL, DEVELOPING WHITE LABELING CAPABILITIES, AND EXPANDING MEMBERSHIP THROUGH ONBOARDING EFFORTS.
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 | Check at the IRS |
IRS record
- EIN
- 99-4543838
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $224,980
- Income (IRS master file)
- $352,720
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $352,720 | $228,027 | $224,980 | XML |
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 99-4543838).
Questions about OPEN FINANCE CONSORTIUM INC
- What is the EIN of OPEN FINANCE CONSORTIUM INC?
- The employer identification number (EIN) of OPEN FINANCE CONSORTIUM INC is 99-4543838.
- Is OPEN FINANCE CONSORTIUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2025.
- Are donations to OPEN FINANCE CONSORTIUM INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OPEN FINANCE CONSORTIUM 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 FINANCE CONSORTIUM 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 FINANCE CONSORTIUM INC 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 FINANCE CONSORTIUM INC?
- The 990 for the year ended December 31, 2024 names FRANCOIS HODIERNE.
- Who are the officers and directors of OPEN FINANCE CONSORTIUM INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does OPEN FINANCE CONSORTIUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $352,720, expenses of $228,027 and total assets of $224,980 at year end.
Other nonprofits in COVINA
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- SOUTHERN CALIFORNIA WATER UTILITIES ASSOCIATION INC EIN 95-6145277 · last filed 990-EZ for 2024
- ASIAN REAL ESTATE ASSOCIATION OF AMERICA GREATER LOS ANGELES CHAPTE EIN 26-4045273 · last filed 990-EZ for 2024
- ZHEJIANG COMMERCIAL REPRESENTATIVE OFFICE IN USA NORTH AMERICA INC EIN 30-1201221 · last filed 990-PF for 2024
- INDONESIAN AMERICAN BUSINESS COUNCIL EIN 45-2427096 · last filed 990-EZ for 2025
- INFLUENCEHERS FOUNDATION EIN 92-1216149 · last filed 990-EZ for 2023
All nonprofits in COVINA · California · Community improvement and capacity building