Open Connectivity Foundation INC FY2023 filing

Not tax-deductible

Beaverton, OR501(c)(6)Since 2014Community DevelopmentEIN 47-1709705

The mission of Open Connectivity Foundation, INC. (ocf) is to define Connectivity requirements and ensure interoperability of the billions of devices that will make up the emerging internet of things (iot).

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $91K a year · 19% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$72K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
-65% vs prior year
Spent
$270K
Net assets
$202K
By yearFY2020–FY2025
Revenue
$107K
FY2023▼ -65%
Revenue by fiscal year
FY2020$1.5M
FY2021$915K
FY2022$305K
FY2023$107K
FY2024$57K
FY2025$0
Expenses
$270K
FY2023▼ -28%
Expenses by fiscal year
FY2020$1.6M
FY2021$994K
FY2022$375K
FY2023$270K
FY2024$158K
FY2025$26K
Net assets
$202K
FY2023▼ -51%
Net assets by fiscal year
FY2020$566K
FY2021$487K
FY2022$414K
FY2023$202K
FY2024$102K
FY2025$0

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2016.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

John Park’s $219K as Executive Director is at the 98th percentile of top reported officer pay among 168 <$100K community development 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 · 2 named individuals · Part VII

NameFY2021FY2020
John Joonho Park—$237,600
John Park$219,370—

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.

See Open Connectivity Foundation INC executive salaries →

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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 15aNo

Programs and updates

Defines device connectivity standards for a seamless Internet of Things.

Provided by the organization

This section is blank until Open Connectivity Foundation INC claims this page.

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3 program services, described in the organization's own filed words · FY2023.
01

3. Certificationfollowing publication of specifications and open source projects, ocf has developed a formal certification process for those products that pass the certification requirements.

Pt IX · col B
02

1. Specification developmentocf develops and publishes specifications, which define and promote communication and interoperability requirements for the "internet of things." to develop these specifications, ocf has established work groups to produce technical specifications and related documentation, consistent with the ocf mission…

Pt IX · col B
03

2. Open source project ocf sponsors open source projects to enable the development of open source software in support of the ocf specifications. Ocf is the sole sponsor to the IOTIVITY.ORG open source project. Open source contributions can be initiated by members and the general public.

Pt IX · col B

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$107K
Ln 12
Fees for servicesLn 2g$96K
Investment incomeLn 3$11K
Money outPt IX
$270K
Ln 25
Owns and owesPt X
$202K
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$274K
LiabilitiesLn 26$72K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$96K
Investment incomeLn 3$11K
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$235K
Cash and savings togetherLn 1–2$271K
Total assetsLn 16$274K
LiabilitiesLn 26$72K
Net assetsLn 32$202K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$446K$271K
Total assetsLn 16$499K$274K
LiabilitiesLn 26$85K$72K
Net assetsLn 32$414K$202K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$5K
Management feesLn 11a$85K
Legal feesLn 11b$19K
Accounting feesLn 11c$7K
Advertising and promotionLn 12$110K
Office expensesLn 13$3K
Information technologyLn 14$17K
Conferences, conventions and meetingsLn 19$17K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$3K
Total functional expensesLn 25$270K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$26K−$26K$0 990 PDF
FY2024 $57K$158K−$100K$102K 990 PDF
FY2023 Viewing $107K$270K−$163K$202K 990 PDF
FY2022 $305K$375K−$70K$414K 990 PDF
FY2021 $915K$994K−$79K$487K 990 PDF
FY2020 $1.5M$1.6M−$107K$566K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $106,985 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $95,625$95,625
VIII-3 Investment incomeExcluded from tax $11,360$11,360
VIII-12 Total revenueRelated to mission $95,625 · Unrelated business $0 · Excluded from tax $11,360$106,985
Part IX · Statement of functional expenses $269,730 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$5,200
IX-11a Management fees$84,800
IX-11b Legal fees$18,613
IX-11c Accounting fees$6,900
IX-12 Advertising and promotion$109,818
IX-13 Office expenses$2,861
IX-14 Information technology$17,040
IX-19 Conferences, conventions and meetings$16,898
IX-23 Insurance$4,600
IX-24 Other expenses (24a–d)$3,000
IX-25 Total functional expenses$269,730
Part X · Balance sheet $274,061 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $122,363$35,558
X-2 Savings and temporary cash investmentsStart of year $323,326$235,283
X-4 Accounts receivableStart of year $34,250$0
X-9 Prepaid expenses and deferred chargesStart of year $19,331$3,220
X-16 Total assetsStart of year $499,270$274,061
X-17 Accounts payable and accrued expensesStart of year $20,428$5,443
X-19 Deferred revenueStart of year $56,938$26,562
X-25 Other liabilitiesStart of year $8,000$40,000
X-26 Total liabilitiesStart of year $85,366$72,005
X-32 Total net assets or fund balancesStart of year $413,904$202,056
X-33 Total liabilities and net assetsStart of year $499,270$274,061
Part XI · Reconciliation of net assets $202,056 net assets at year end
XI-1 Total revenue$106,985
XI-2 Total expenses$269,730
XI-3 Revenue less expenses−$162,745
XI-4 Net assets at start of year$413,904
XI-5 Net unrealized gains (losses) on investments$897
XI-8 Prior period adjustments−$50,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$202,056

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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