Open Doors Inc

What it reported doing in 2024

Additional programs include: family engagement program (3,252 served in fy25) - this program helps parents and caregivers navigate both (1) the developmental milestones of children ages five through adolescence and how they can support along that continuum, and (2) ways in which parents can support their children throughout the k-16 educational system and beyond. This two-generation approach is central to oda's work because family engagement is vital to the academic success of children. Oda offers monthly workshops as part of its "family partnership series" to help parents develop skills and access resources which allow them to maintain a healthy and stable home life. Workshops provide strategies on how parents can help their children develop socially and academically to achieve their dreams. There are also financial literacy workshops which teach families strategies they can use to plan for the cost of their children's postsecondary education. Oda also hosts at least four family engagement events throughout the year to build relationships and network families to one another and community and school resources. Oda's family advisory council (fac) is the vehicle oda uses to design and create its family engagement programming. Fac meets monthly to design family education workshops, college trips, and family engagement activities. Fac also provides our programming team with feedback and ideas on how to improve programming and support for scholars and families. Fac is comprised of members of oda's leadership team and two parent representatives from each oda site. In fy25, 90% of families reported they were satisfied with oda's services, and 85% reported oda positively impacted their relationship with their children.center for out-of-school advancement (cosa) program (served 300 other out-of-school time providers throughout Ohio, indirectly serving 40,000 kids) - cosa works to develop, deepen and align local, regional, state and national efforts to meet the demand for high-quality out-of-school time programs. Cosa has supported over 300 recipients of Ohio's nita m. Lowey 21st century community learning center program through trainings, consultations and conferences. 100% of programs have made improvements to their services because of cosa trainings and 90% of participants in cosa's trainings have indicated satisfaction with them.scholar travel opportunites & work-based experiences - oda offers travel opportunities for scholars in grades 6-12 who are enrolled in our academic year and summer programs. Oda connects students with job shadowing and other work-based experiences during every year of high school and during the first year after high school graduation. Students are exposed to college and career opportunities through field trips, college visits, and career panels.

Financial Efficiency

• Mission deployment rate: 71.9%; rating input score 72
• Program expense ratio: 86.3%; rating input score 86
• Fundraising efficiency: $14.6 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 17.5%; rating input score 74; 74th percentile among comparable filings
• Total-asset coverage ratio: 0.97; rating input score 36; 36th percentile among comparable filings
• Liabilities to assets ratio: 0.17; rating input score 48; 48th percentile among comparable filings
• Officer compensation ratio: 7.5%; rating input score 39; 39th percentile among comparable filings

Growth

• Program expense growth: 11.4% per year; rating input score 100; 69th percentile among comparable filings
• Revenue growth: 13.1% per year; rating input score 100; 78th percentile among comparable filings
• Asset growth: 25.8% per year; rating input score 100; 90th percentile among comparable filings