Overview
What is Open Avenues Foundation?
Open Avenues Foundation is a nonprofit organization situated in Boston, Massachusetts. Its primary mission is to facilitate the integration of international talent into the United States, particularly in the fields of STEM and business. To accomplish this, the foundation offers the Open Avenues Global Talent Fellowship, which provides foreign talent with an opportunity to enhance their leadership skills, contribute to the nation's innovation economy, and secure a unique work visa solution. In 2022, the foundation hired over 30 talented individuals and trained over 150 students from partner universities. Moreover, Open Avenues aims to educate the future STEM workforce by bringing industry-driven projects to universities, enabling students to receive career-development training. With a staff of 83 employees, Open Avenues Foundation is dedicated to fostering a global, innovative workforce.
Official website here: www.openavenuesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Open Avenues Foundation has received a high rating of 96% from Charity Navigator, indicating strong performance in accountability and financial management. The foundation scores exceptionally well across various metrics, with particular strengths in governance, having 100% independent board members, and maintaining rigorous oversight of financial statements. This reflects a commitment to transparency and effective management practices.
Additionally, the foundation demonstrates a commendable program expense ratio of 90.32%, signifying that the majority of its resources are directed towards its mission-driven programs rather than administrative costs. Other policies, such as conflict of interest and whistleblower policies, are well-documented and in place, contributing to the organization's credibility and ethical standards.
While the data highlights impressive financial health and governance practices, it does not provide specific details regarding the foundation's programmatic impact or community feedback. This gap suggests that while the foundation is well-managed financially, understanding its effectiveness in achieving its mission would require further insights into its programs and beneficiary experiences.
This AI summary has been generated from information found on Charity Navigator.
Is Open Avenues Foundation legitimate?
Open Avenues Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Avenues Foundation 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: $100,517
Professional Fundraising Fees: $0
Other Salaries and Wages: $804,431
For more financial information, click here
Official website here: www.openavenuesfoundation.org
What is the mission statement of Open Avenues Foundation?
The Open Avenues Foundation's mission is centered around fostering global talent and contributing to the United States' innovation economy. They accomplish this by introducing industry-driven projects to universities, thereby providing students with valuable career development training in STEM and business fields. The foundation's goal is to educate the future workforce, offering the Open Avenues Global Talent Fellowship, an opportunity for foreign talent to enhance their leadership skills, train future workers, and remain in the U.S. with a unique work visa solution. In 2022, Open Avenues hired over 30 highly talented fellows, impacting over 150 students from partner universities.
Official website here: www.openavenuesfoundation.org
Who is the CEO of Open Avenues Foundation?
Amy Green Stephens is the Treasurer of Open Avenues Foundation.
Official website here: www.openavenuesfoundation.org
What is the revenue of Open Avenues Foundation?
Open Avenues Foundation's revenue in 2022 was $2,031,173.
Official website here: www.openavenuesfoundation.org
Who are the executives of Open Avenues Foundation and what are their salaries?
The average compensation at Open Avenues Foundation during 2022 was $10,903. There are 83 employees at Open Avenues Foundation.
Here are 7 key members and their salaries:
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Official website here: www.openavenuesfoundation.org
Where can I find the form 990 for Open Avenues Foundation?
Open Avenues Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.openavenuesfoundation.org
Learn more at the official website: www.openavenuesfoundation.org
Mission Statement of Open Avenues Foundation
Open Avenues Foundation is dedicated to constructing pathways for global talent to contribute to the United States' innovation economy and educate the future STEM workforce. They accomplish this by introducing industry-driven projects to universities, offering students career-development training. This approach allows the foundation to provide a unique solution for foreign talent, offering them the Open Avenues Global Talent Fellowship. Through this opportunity, foreign talent can enhance their leadership skills, contribute to training the future workforce, and remain in the U.S. on a distinctive work visa. In 2022, Open Avenues Foundation successfully hired over 30 highly talented fellows, who then trained more than 150 students from partner universities in STEM and business fields.
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Impact
July, 2024
Open Avenues Foundation's impact is seen through its commitment to building pathways for global talent to contribute to the United States' innovation economy and educate the future STEM workforce. By providing industry-driven projects to universities, the foundation equips students with career-development training, ultimately preparing them for success in the fields of STEM and business. The Open Avenues Global Talent Fellowship program not only supports foreign talent in building leadership skills but also offers a unique work visa solution that allows individuals to stay in the U.S.
In 2022 alone, Open Avenues Foundation hired over 30 highly talented fellows who trained more than 150 students from partner universities. This direct engagement not only enhances the skills and knowledge of these individuals but also contributes to the growth and development of the local community. Through its strategic initiatives and impactful programs, Open Avenues Foundation is actively shaping the future workforce and fostering innovation in the United States' economy.
This information is meant to be a general summary of Open Avenues Foundation. 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: $2,004,796
- Gross Receipts: $2,031,173
Assets and Liabilities:
- Total Assets: $493,810
- Total Liabilities: $83,264
- Net Assets: $410,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FELLOWSHIP FEES
Revenue
$2,004,796
Organization Details
Founding Year
2017
Phone
(978) 219-5040Principal Officer
Amy Green Stephens
Main Address
50 MILK STREET FLOOR 15, BOSTON, MA, 02109
NTEE Category
Code: S40 - Community improvement
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