Open Connectivity Foundation INC FY2024 filing

Not tax-deductible

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

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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

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FY2024 · 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
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$52K
34% of total assets
Looks good: liabilities are 34% 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
$57K
-46% vs prior year
Spent
$158K
Net assets
$102K
By yearFY2020–FY2025
Revenue
$57K
FY2024▼ -46%
Revenue by fiscal year
FY2020$1.5M
FY2021$915K
FY2022$305K
FY2023$107K
FY2024$57K
FY2025$0
Expenses
$158K
FY2024▼ -42%
Expenses by fiscal year
FY2020$1.6M
FY2021$994K
FY2022$375K
FY2023$270K
FY2024$158K
FY2025$26K
Net assets
$102K
FY2024▼ -50%
Net assets by fiscal year
FY2020$566K
FY2021$487K
FY2022$414K
FY2023$202K
FY2024$102K
FY2025$0

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

3 people listed on the 990.

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

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3 programs · in their own filed words · FY2024
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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$57K
Ln 12
Fees for servicesLn 2g$49K
Investment incomeLn 3$8K
Money outPt IX
$158K
Ln 25
Owns and owesPt X
$102K
net assets · Ln 32
Cash and savingsLn 1–2$141K
Total assetsLn 16$154K
LiabilitiesLn 26$52K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$49K
Investment incomeLn 3$8K
Total revenueLn 12$57K
Assets in detailPt X, end of year
CashLn 1$38K
SavingsLn 2$103K
Cash and savings togetherLn 1–2$141K
Total assetsLn 16$154K
LiabilitiesLn 26$52K
Net assetsLn 32$102K
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 FY24End FY24
Cash and savingsLn 1–2$271K$141K
Total assetsLn 16$274K$154K
LiabilitiesLn 26$72K$52K
Net assetsLn 32$202K$102K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3K
Management feesLn 11a$48K
Legal feesLn 11b$21K
Accounting feesLn 11c$6K
Advertising and promotionLn 12$53K
Office expensesLn 13$2K
Information technologyLn 14$17K
Conferences, conventions and meetingsLn 19$360
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$3K
Total functional expensesLn 25$158K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$26K−$26K$0 990 PDF
FY2024 Viewing $57K$158K−$100K$102K 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $57,433 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,480$49,480
VIII-3 Investment incomeExcluded from tax $7,953$7,953
VIII-12 Total revenueRelated to mission $49,480 · Unrelated business $0 · Excluded from tax $7,953$57,433
Part IX · Statement of functional expenses $157,570 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$2,520
IX-11a Management fees$47,880
IX-11b Legal fees$20,534
IX-11c Accounting fees$6,191
IX-12 Advertising and promotion$53,248
IX-13 Office expenses$1,830
IX-14 Information technology$17,040
IX-19 Conferences, conventions and meetings$360
IX-23 Insurance$4,967
IX-24 Other expenses (24a–d)$3,000
IX-25 Total functional expenses$157,570
Part X · Balance sheet $154,320 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $35,558$37,890
X-2 Savings and temporary cash investmentsStart of year $235,283$102,936
X-4 Accounts receivableStart of year $0$10,000
X-9 Prepaid expenses and deferred chargesStart of year $3,220$3,494
X-16 Total assetsStart of year $274,061$154,320
X-17 Accounts payable and accrued expensesStart of year $5,443$5,318
X-19 Deferred revenueStart of year $26,562$17,083
X-25 Other liabilitiesStart of year $40,000$30,000
X-26 Total liabilitiesStart of year $72,005$52,401
X-32 Total net assets or fund balancesStart of year $202,056$101,919
X-33 Total liabilities and net assetsStart of year $274,061$154,320
Part XI · Reconciliation of net assets $101,919 net assets at year end
XI-1 Total revenue$57,433
XI-2 Total expenses$157,570
XI-3 Revenue less expenses−$100,137
XI-4 Net assets at start of year$202,056
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$101,919

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

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