Open Hearts
Nonprofit profile at a glance
- EIN
- 455000626
- IRS 990-EZ coverage
- 2023–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2022
- Location
- Sterling, VA, USA
- Phone
- 7034013396
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $70,575
- Expenses
- $16,222
- Assets
- $58,840
- Liabilities
- $4,487
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- AMY ZAROU (VICE PRESIDENT)
People named in this filing
- WALEED ZAROU (OFFICER AND DIRECTOR)
- AMY ZAROU (VICE PRESIDENT)
- CORY EDWARDS (SECRETARY/ TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is formed for any lawful purpose or purposes not expressly prohibited under the Virginia business organizations code. The corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended. Notwithstanding the foregoing, the corporation's purposes also include the limited participation of the corporation in any other activities, including taxable activities, but only to the extent the activities would be permitted by a tax-exempt organization. More particularly, but without limitation, the purposes of this corporation are: (a) to operate various services designed to assist and uplift individuals, families, neighborhoods or communities with the issues that contribute to or sustain poverty and risk of poverty around the world. (b) to develop materials and programs designed to inform and educate the public about the chronic problem of poverty
What it reported doing in 2023
The corporation is formed for any lawful purpose or purposes not expressly prohibited under the Virginia business organizations code. The corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended. Notwithstanding the foregoing, the corporation's purposes also include the limited participation of the corporation in any other activities, including taxable activities, but only to the extent the activities would be permitted by a tax-exempt organization. More particularly, but without limitation, the purposes of this corporation are: (a) to operate various services designed to assist and uplift individuals, families, neighborhoods or communities with the issues that contribute to or sustain poverty and risk of poverty around the world. (b) to develop materials and programs designed to inform and educate the public about the chronic problem of poverty as a holistic human issue and to advocate solutions to eliminate or reduce poverty. (c) to assist in implementing programs, initiatives or projects sponsored or support by other organizations, governments or private enterprise that are designed or intended to alleviate poverty as a chronic health and social issue. (d) to address conditions contributing to and resulting poverty in general and the prevention and remediation of poverty in all its forms.(e) to identify and serve populations that are particularly vulnerable, fragile or affected by poverty of mind, body, soul or spirit by virtue of their educational, social, vocational or familial status, and who may be underserved or marginalized with limited access to resources to overcome their risk or results of poverty.(f) to collect and disburse any and all necessary funds for the maintenance of said corporation and the accomplishment of its purpose within the state of Virginia and elsewhere without geographic limitation.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 78
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 77%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 3.63; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.