Openbiome Foundation INC

Tax-deductible

Westport, MA501(c)(3)Medical ResearchEIN 46-1681862Revenue $2.2M in FY2024

On file with the IRSopenbiome.orgPo Box 3089, 02790-0701 · Westport, MATax-exempt since Nov 2013Publicly supported — 509(a)(2)

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The primary exempt purpose of microbiome health research institute, INC. (also known as Openbiome) is to expand safe access to fecal microbiota transplantation and to catalyze research into the human microbiome.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 6 volunteers and 69 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $94K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 42% of spending
Top officer’s pay higher than 72% of similar orgs
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-50% vs prior year
Spent
$3.4M
To programs
81%
Net assets
$7.6M
By yearFY2020–FY2024
Revenue
$2.2M
FY2024▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$6.3M
FY2022$2.1M
FY2023$4.4M
FY2024$2.2M
Expenses
$3.4M
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.2M
FY2021$3.2M
FY2022$3.5M
FY2023$3.5M
FY2024$3.4M
Net assets
$7.6M
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.4M
FY2021$9.4M
FY2022$7.8M
FY2023$8.7M
FY2024$7.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $2.7M Management & general 19% · $654K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$238,319Pt VII · Sec A
Chief Operating Officer
$214,271Pt VII · Sec A
Dir. of Cmc & Supply Chain Logistics
$170,988Pt VII · Sec A
Human Resources Director
$150,203Pt VII · Sec A
Chief Administrative Officer
$143,090Pt VII · Sec A
Quality Supervisor
$139,074Pt VII · Sec A
Director of Outreach
$138,468Pt VII · Sec A
Chief of Staff
$126,193Pt VII · Sec A

Julie O'Brien’s $238K as Chief Executive Officer is at the 72nd percentile of top reported officer pay among 360 $1–10M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Julie O'Brien$238,319$231,693$224,872——
Ken Linde$214,271$197,254$190,372$189,968$141,050
Paul Leech$143,090$209,107$59,792——
Laura Folk——$174,149$203,420—
Majdi Osman MD Mph$89,318$200,484$194,312$183,859$157,815
Mazie McLeod——$133,162$172,803$149,231
Shevon Walker$170,988$150,338$145,219$140,486—
Charles Young———$103,222$164,883

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Expand access to fecal transplants and research the human microbiome.

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Provided by the organization

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3 programs · $2.7M · in their own filed words · FY2024
01

Openbiome remained committed to ensuring that all patients suffering from c. Difficile infection continued to have safe, convenient, and affordable access to fecal microbiota transplantation (FMT) through their physician.

$2.4Mprogram expense
02

The global microbiome conservancy (GMBC) partners with scientists worldwide to conserve, study, and share the underrepresented and at-risk diversity of human microbiomes. The GMBC has established a network of 80+ researchers in over three dozen countries and built a diverse collection of samples and bacterial isolates to spark scientific…

$300Kprogram expense
03

Clinical Research Program

Openbiome seeks to enable translational research on the human microbiome. To achieve this, we offer a suite of services designed to help investigators uncover the role of the gut microbiome in human health and explore how engineering it can lead to improved health outcomes.

$49Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Other incomeLn 4–11$1.8M
Investment incomeLn 3$296K
Gifts and grantsLn 1h$119K
Money outPt IX
$3.4M
Ln 25
Programscol B$2.7M
Managementcol C$654K
Owns and owesPt X
$7.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$8.9M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$119K
Government grantsLn 1e$65K
Investment incomeLn 3$296K
Other incomeLn 4–11$1.8M
Gains on assetsLn 7−$29K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$70K
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$5.9M
Land, buildings, equipmentLn 10c$66K
Other assetsLn 15$572K
Total assetsLn 16$8.9M
LiabilitiesLn 26$1.3M
Net assetsLn 32$7.6M
OperationsPt I, VI
EmployeesI 569
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.1M$1.7M
InvestmentsLn 11–13$5.6M$5.9M
Land, buildings, equipmentLn 10c$108K$66K
Total assetsLn 16$10.0M$8.9M
LiabilitiesLn 26$1.2M$1.3M
Net assetsLn 32$8.7M$7.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$201K$201K
Pay of current officers, directors and key staffLn 5$697K$535K$163K
Other salaries and wagesLn 7$1.1M$923K$170K
Pension plan contributionsLn 8$49K$40K$9K
Other employee benefitsLn 9$302K$232K$70K
Payroll taxesLn 10$125K$103K$23K
Legal feesLn 11b$227K$175K$52K
Accounting feesLn 11c$60K$46K$14K
Investment management feesLn 11f$15K$15K
Office expensesLn 13$153K$117K$36K
OccupancyLn 16$224K$172K$52K
TravelLn 17$26K$20K$6K
Conferences, conventions and meetingsLn 19$38K$29K$9K
Depreciation, depletion and amortizationLn 22$30K$23K$7K
InsuranceLn 23$123K$94K$29K
Total functional expensesLn 25$3.4M$2.7M$654K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.2M$3.4M−$1.2M$7.6M 990 PDF
FY2023 $4.4M$3.5M$866K$8.7M 990 PDF
FY2022 $2.1M$3.5M−$1.4M$7.8M 990 PDF
FY2021 $6.3M$3.2M$3.1M$9.4M 990 PDF
FY2020 $4.2M$5.2M−$948K$6.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,188,887 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $785,396$118,937
I-9 Program service revenuePrior year $22,100$0
I-10 Investment incomePrior year $309,412$295,943
I-11 Other revenuePrior year $3,259,140$1,774,007
I-12 Total revenuePrior year $4,376,048$2,188,887
I-13 Grants and similar amounts paidPrior year $0$201,212
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,320,669$2,267,068
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,189,107$896,329
I-18 Total expensesPrior year $3,509,776$3,364,609
I-19 Revenue less expensesPrior year $866,272−$1,175,722
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,188,887 across 7 lines filed
Lines not itemized here account for $1,712,357 of total revenue; see the IRS return.
VIII-1e Government grants$64,550
VIII-1f All other contributions, gifts and grants$54,387
VIII-1h Total contributions, gifts and grants$118,937
VIII-3 Investment incomeExcluded from tax $325,422$325,422
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$29,479−$29,479
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $61,650$61,650
VIII-12 Total revenueRelated to mission $1,712,357 · Unrelated business $0 · Excluded from tax $357,593$2,188,887
Part IX · Statement of functional expenses $3,364,609 across 15 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $201,212$201,212
IX-5 Pay of current officers, directors and key staffPrograms $534,961 · Management $162,512$697,473
IX-7 Other salaries and wagesPrograms $923,236 · Management $170,205$1,093,441
IX-8 Pension plan contributionsPrograms $39,765 · Management $8,962$48,727
IX-9 Other employee benefitsPrograms $231,668 · Management $70,376$302,044
IX-10 Payroll taxesPrograms $102,743 · Management $22,640$125,383
IX-11b Legal feesPrograms $174,636 · Management $52,358$226,994
IX-11c Accounting feesPrograms $46,020 · Management $13,980$60,000
IX-11f Investment management feesManagement $14,925$14,925
IX-13 Office expensesPrograms $117,414 · Management $35,668$153,082
IX-16 OccupancyPrograms $171,813 · Management $52,194$224,007
IX-17 TravelPrograms $20,209 · Management $6,139$26,348
IX-19 Conferences, conventions and meetingsPrograms $29,103 · Management $8,841$37,944
IX-22 Depreciation, depletion and amortizationPrograms $23,033 · Management $6,997$30,030
IX-23 InsurancePrograms $94,340 · Management $28,659$122,999
IX-25 Total functional expensesPrograms $2,710,153 · Management $654,456 · Fundraising $0$3,364,609
Part X · Balance sheet $8,894,988 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,003,562$1,619,939
X-2 Savings and temporary cash investmentsStart of year $87,947$70,261
X-3 Pledges and grants receivableStart of year $406,334$406,334
X-4 Accounts receivableStart of year $779,575$244,223
X-8 Inventories for sale or useStart of year $155,400$0
X-9 Prepaid expenses and deferred chargesStart of year $99,988$57,324
X-10c Land, buildings and equipment, netStart of year $107,693$65,550
X-11 Publicly traded securitiesStart of year $203,377$200,746
X-12 Other securitiesStart of year $5,360,434$5,658,517
X-15 Other assetsStart of year $760,250$572,094
X-16 Total assetsStart of year $9,964,560$8,894,988
X-17 Accounts payable and accrued expensesStart of year $530,567$819,273
X-25 Other liabilitiesStart of year $701,469$482,709
X-26 Total liabilitiesStart of year $1,232,036$1,301,982
X-27 Net assets without donor restrictionsStart of year $8,732,524$7,593,006
X-32 Total net assets or fund balancesStart of year $8,732,524$7,593,006
X-33 Total liabilities and net assetsStart of year $9,964,560$8,894,988
Part XI · Reconciliation of net assets $7,593,006 net assets at year end
XI-1 Total revenue$2,188,887
XI-2 Total expenses$3,364,609
XI-3 Revenue less expenses−$1,175,722
XI-4 Net assets at start of year$8,732,524
XI-5 Net unrealized gains (losses) on investments$36,204
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,593,006

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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