2026-05-08T17:55:26-05:00 2025-12-31 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2025-01-01 814004928 OPENCOLLECTIVE FOUNDATION OPEN 5037507550 440 N BARRANCA AVE 3717 COVINA CA 91723 HAFIDHA ACUAY PRESIDENT 5037507550 2026-05-08 1 SANG AHN P00540880 5032270581 2025 2025-03-06 01:10:19Z HAFIDHA ACUAY 440 N BARRANCA AVE 3717 COVINA CA 91723 1126 0 X HTTPS://OPENCOLLECTIVE.COM/ X 2016 CA IN 2025, THE BOARD OF DIRECTORS ELECTED TO WIND UP OPEN COLLECTIVE FOUNDATION. OCF'S ACTIVITIES DURING THE YEAR WERE LIMITED TO WIND-UP ACTIVITIES, INCLUDING CLOSING REMAINING CHARITABLE PROJECTS, PRESERVING THE CHARITABLE VALUE OF REMAINING ASSETS, MAINTAINING STEWARDSHIP OVER RESTRICTED CHARITABLE FUNDS, AND CONFERRING WITH PROSPECTIVE GRANTEES REGARDING POTENTIAL FUTURE CHARITABLE USE OF THOSE ASSETS. 2 2 1 2 0 0 2896070 0 260368 0 361135 1126 0 0 3517573 1126 2700363 0 0 0 1086515 98013 0 0 0 19012315 158580 22799193 256593 -19281620 -255467 815347 559880 2894 2894 812453 556986 X THE FOUNDATION'S MISSION IS TO PROMOTE 1) CHARITABLE PROJECTS AIMED AT INCREASING ACCESS TO EDUCATIONAL RESOURCES AND TRAINING 2) CHARITABLE PROJECTS AIMED AT CREATING A POSITIVE SOCIAL IMPACT AND 3) CHARITABLE PROJECTS AIMED AT DEVELOPING TOOLS TO IMPROVE CIVIC PARTICIPATION. 1 1 256593 THE DECISION TO WIND UP WAS MADE TO BEST ADVANCE THE ORGANIZATION'S EXEMPT PURPOSES WITH ITS REMAINING ASSETS BASED ON THE LOSS OF LEADERSHIP AND THE DECLINING ABILITY OF THE ORGANIZATION TO OPERATE ITS CHARITABLE FISCAL SPONSORSHIP PROGRAM IN A REASONABLY VIABLE MANNER. THE BOARD DETERMINED THAT THE REMAINING UNRESTRICTED ASSETS WOULD BEST BE UTILIZED BY ANOTHER PUBLIC CHARITY WITH GREATER RESOURCES TO MAXIMIZE THE IMPACT OF THOSE REMAINING ASSETS. DUE DILIGENCE AND DISCUSSIONS BEGAN WITH SUCH OTHER CHARITY, WHICH WAS IDENTIFIED AS THE TARGETED RECIPIENT OF REMAINING ASSETS AFTER THE ORGANIZATION'S DEBTS AND LIABILITIES HAD ALL BEEN PAID, CONTINGENT ON THE OAG'S WAIVER OF OBJECTIONS TO THIS DISSOLUTION PLAN. THE ORGANIZATION UNDERTOOK AN ORDERLY WIND DOWN WHILE WAITING FOR THE OAG WAIVER, WHICH HAD NOT YET BEEN RECEIVED IN THE REPORTING YEAR. FINAL DUE DILIGENCE AND NEGOTIATIONS WITH THE TARGETED RECIPIENT CHARITY WILL TAKE PLACE AFTER RECEIPT OF THE OAG WAIVER. 256593 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA X THE ORGANIZATION 5037507550 440 N BARRANCA AVE 3717 COVINA CA 91723 X HAFIDHA ACUAY PRESIDENT/SECRETARY 4.00 X X 0 0 0 BART WESTDIJK TREASURER 4.00 X X 0 0 0 0 0 0 0 0 0 0 0 1126 1126 1126 0 0 1126 89516 89516 8497 8497 11540 11540 137750 137750 6765 6765 2525 2525 256593 256593 0 0 271237 542422 526652 17458 17458 815347 559880 817 2077 2894 2894 2894 X 518078 556986 294375 0 812453 556986 815347 559880 -255467 0 X 0 0 0 X 8804384 27917900 22848622 2896070 62466976 8804384 27917900 22848622 2896070 62466976 2782951 59684025 86061 257746 361135 1126 706068 199230 199230 63372274 1091328 0.94180 0.94640 X 0 FISCAL SPONSOR PAYABLE 2077 DUE TO COOECTIVE INC 817 2894 FORM 990, PART III, LINE 2 THE ORGANIZATION'S BOARD ELECTED TO WIND UP DURING THIS REPORTING PERIOD AND LIMITED ITS CHARITABLE ACTIVITIES TO PRESERVATION OF THE CHARITABLE VALUE OF ITS REMAINING ASSETS AND ACTIONS RELATED TO THE WIND UP. SUCH ACTIVITIES INCLUDED NOTIFYING THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF CALIFORNIA ("OAG") OF THE BOARD'S ELECTION TO WIND UP AND DISSOLVE. FORM 990, PART III, LINE 3 THE ORGANIZATION'S BOARD ELECTED TO WIND UP DURING THIS REPORTING PERIOD AND LIMITED ITS CHARITABLE ACTIVITIES TO PRESERVATION OF THE CHARITABLE VALUE OF ITS REMAINING ASSETS AND ACTIONS RELATED TO THE WIND UP. SUCH ACTIVITIES INCLUDED NOTIFYING THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF CALIFORNIA ("OAG") OF THE BOARD'S ELECTION TO WIND UP AND DISSOLVE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY THE STAFF ON THE FINANCE TEAM AND THE BOARD OF DIRECTORS PRIOR TO BEING FILED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.