Overview
What is Open Future Institute?
The Open Future Institute, situated in New York, New York, is a nonprofit organization primarily focused on empowering high school and university students globally. Through their initiative, The Question Project, they offer forums that encourage students to reflect on their beliefs, values, and purpose. This initiative aims to foster a sense of responsibility towards society, inspire future leaders, and develop the capacity to address pressing global challenges with vision and purpose. The Open Future Institute, with a team of five, strives to promote cultural evolution and advancement, contributing to society's growth and tackling challenges at their source.
Official website here: www.openfutureinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Open Future Institute has achieved a high score of 96%, reflecting its strong commitment to accountability and financial management. The rating is based solely on its accountability and finance score, indicating that the organization adheres to best practices in governance and transparency.
One of the strengths of the Open Future Institute is its independent board composition, with 60% of board members being independent. This independence supports unbiased decision-making and strategic oversight. Additionally, the institute has demonstrated high financial efficiency, with a program expense ratio of 77.31%, showing that a significant portion of its expenses directly supports its mission.
There are no reported issues with asset diversion, and the organization has established comprehensive policies regarding conflicts of interest, whistleblowing, and document retention. These factors contribute to a well-structured nonprofit that effectively manages its resources while prioritizing its programmatic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Open Future Institute legitimate?
Open Future Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Future Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $114,486
Professional Fundraising Fees: $0
Other Salaries and Wages: $183,642
For more financial information, click here
Official website here: www.openfutureinstitute.org
What is the mission statement of Open Future Institute?
The Open Future Institute's mission is to foster the evolution of culture, aiming to support society's advancement and address global challenges at their source. They accomplish this by providing platforms for high school and university students globally to reflect on their beliefs, values, and purpose. This initiative encourages students to engage authentically with their core values and understand how they define meaning at a critical stage in their lives, influencing their future choices. The goal is to instill a sense of responsibility towards society, nurture inspired leadership, and equip students with the capacity to respond creatively to the pressing needs of our time with vision and purpose.
Official website here: www.openfutureinstitute.org
Who is the CEO of Open Future Institute?
Francesca Rusciani is the Founder President & Chair of Open Future Institute.
Official website here: www.openfutureinstitute.org
What is the revenue of Open Future Institute?
Open Future Institute's revenue in 2022 was $543,252.
Official website here: www.openfutureinstitute.org
Who are the executives of Open Future Institute and what are their salaries?
The average compensation at Open Future Institute during 2022 was $59,626. There are 5 employees and 6 volunteers at Open Future Institute.
Here are 6 key members and their salaries:
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- Compensation: $90,000
- Related: $0
- Other: $24,486
Official website here: www.openfutureinstitute.org
Where can I find the form 990 for Open Future Institute?
Open Future Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.openfutureinstitute.org
Learn more at the official website: www.openfutureinstitute.org
Mission Statement of Open Future Institute
The Open Future Institute is committed to expanding and fostering the evolution of culture with the aim of supporting societal advancement and addressing global challenges at their roots. Its mission is threefold: firstly, it seeks to provide high school and university students with a platform to reflect on their beliefs, values, and purpose. This initiative, known as The Question Project, encourages students to engage authentically with their core values and define their meaning at a critical stage in their lives when they are starting to make decisions that will shape their future.
Secondly, the Open Future Institute aims to support students' sense of responsibility towards the greater society. By engaging with their values and purpose, students are encouraged to develop a sense of accountability and understanding of their role in shaping the world. This can potentially cultivate inspired leadership and the capacity to respond creatively to the pressing needs of our time with vision and purpose.
In summary, the Open Future Institute's mission is to promote cultural evolution, foster responsible leadership, and equip students with the vision and purpose necessary to tackle global challenges. It achieves this through its initiative, The Question Project, which provides a platform for students to reflect on their beliefs and values, fostering a sense of accountability and inspiring future leaders.
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Impact
July, 2024
The Open Future Institute's impact can be seen through its initiative, The Question Project, which provides forums for high school and university students globally to reflect on their beliefs, values, and purpose. This program is designed to give students an opportunity to authentically engage with their core values and define meaning in their lives at a crucial stage where they are making choices that will shape their future trajectory. By supporting students in developing a sense of responsibility towards society, fostering their potential for inspired leadership, and nurturing their capacity to creatively respond to the pressing needs of our time with vision and purpose, the Open Future Institute is contributing to the evolution of culture and advancing society to address global challenges at their source.
This information is meant to be a general summary of Open Future Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $148,581
- Gross Receipts: $543,252
Assets and Liabilities:
- Total Assets: $704,412
- Total Liabilities: $679
- Net Assets: $703,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$148,581
Organization Details
Founding Year
2012
Phone
(917) 405-7331Principal Officer
Francesca Rusciani
Main Address
301 WEST 57TH STREET 42B, NEW YORK, NY, 10019
Website
www.openfutureinstitute.orgNTEE Category
Code: A20 - Arts
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