Openai INC EIN 81-0861541

Openai INC

EIN  81-0861541 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Develops and deploys safe artificial intelligence for humanity's benefit.
Leadership
Chris Clark · Treas/Sec · $13K
Money in and out
$691K revenue, $7.8M expenses
Bottom line
99% program efficiency

Develops and deploys safe artificial intelligence for humanity's benefit. For fiscal year 2024 it reported $691K in revenue, $7.8M in expenses, and $14.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$691K
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$14.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7.1M
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
21.7mo
months of highly liquid reserves at operating expense rate▼ -75% vs prior filing year
Surplus margin
-1025%
revenue over expenses, this year▼ -2302% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$691K
FY2024▼ -87%
Expenses
$7.8M
FY2024▲ +171%
Total assets
$14.7M
FY2024▼ -35%
Total liabilities
$617K
FY2024▼ -60%
Total revenue
$691K
Pt VIII · Ln 12
Total expenses
$7.8M
Pt IX · Ln 25
Net assets
$14.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7.1M
Total assetsPt X · Ln 16$14.7M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $7.7M of program spending, described in the organization's own filed words · FY2024.
01

Since its founding, the Organization has undertaken a wide range of charitable initiatives, such as sponsoring a comprehensive basic income study, supporting economic impact research, and experimenting with education-centered programs like OpenAI Foundation Scholars.

$7.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpenai INC
EINHdr · item D81-0861541
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jopenai.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U40)
Ruling yearIRS BMFNov 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treas/Sec
$12,933Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (former)
$0Pt VII · Sec A

Chris Clark’s $13K as Treas/Sec is at the 11th percentile of top reported officer pay among 310 $100K–1M science & technology 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
Shivon Zilis$200,000
Reiichiro Nakano$196,272$186,010
Amanda Macaskill$190,289
Przemyslaw J Debiak$157,607
Jerry Tworek$141,894
Rosemary Campbell$120,000
Jacob Hilton$114,803
Chris Clark$12,933$50,000$50,000$50,000$50,000

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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Statement of Revenue

Part VIII
Investment income$687K · 99%
Contributions & grants$4K · 1%
Investment income99%$687K
Contributions & grants1%$4K
Total revenueLn 12$691K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$7.7M
Management & general1%$103K
Total functional expensesLn 25$7.8M

Balance Sheet

Part X · end of year
CashLn 1$14.1M
Total assetsLn 16$14.7M
Total liabilitiesLn 26$617K
Total net assetsLn 32$14.0M
Months of cash on handcomputed21.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14.1M · Operating expenses/yr $7.8M
21.7 months
Where the money goes
Program services
Program services $7.7M · Total expenses $7.8M
99%
Management & General
Management & general $103K · Total expenses $7.8M
1%
Fundraising
Fundraising $0 · Total expenses $7.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.7M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $691K
1%
Government reliance
Government grants — · Total revenue $691K
Earned-income share
Program service revenue $0 · Total revenue $691K
0%
Investment reliance
Investment income $687K · Total revenue $691K
+99%
Program self-sufficiency
Program service revenue $0 · Total expenses $7.8M
0%
Growth & trend
Revenue growth (YoY)
This year $691K · Prior year $5.4M
-87%
Revenue CAGR
FY2020 $3.5M · FY2024 $691K
-33%
Net-asset trend (YoY)
End of year $14.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $691K · Expenses $7.8M
-1025%
Liabilities-to-Assets
Total liabilities — · Total assets $14.7M
Net-asset ratio
Net assets $14.0M · Total assets $14.7M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $14.7M
0%
People & payroll
Highest Reported Total Compensation
Individual Chris Clark · Reported title Treas/Sec · Highest reported compensation $13K · Total expenses $7.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $14K · Total expenses $7.8M
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth -87%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$200
Grants paid · 49 grants · $20.6M · 2020–2024
Meridian Prime INCCO · FY2024$1,000,000
Carnegie Mellon UniversityPA · FY2024$950,000
Turnio PbcFY2024$500,000
Operation Hope INCGA · FY2024$500,000
The Eleutherai InstituteDC · FY2024$250,000
University of Texas at AustinFY2024$180,000
Cornell UniversityNY · FY2024$150,000
Washington UniversityMO · FY2024$133,000
See all 49 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$691K revenue · viewing · ⤓ 990 PDF
FY2023$5.4M revenue · ⤓ 990 PDF
FY2022$44K revenue · ⤓ 990 PDF
FY2021$12K revenue · ⤓ 990 PDF
FY2020$3.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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