Openai INC EIN 81-0861541 Form 990 (PDF) Claim this org

Openai INC FY2020 filing

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Develops and deploys safe artificial intelligence for humanity's benefit. For fiscal year 2020 it reported $3.5M in revenue, $13.0M in expenses, and $21.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Science & Technology
Location
San Francisco, CA
Website
openai.com
Filings
5 on file (2020–2020)
Revenue
$3.5MFY2020
Expenses
$13.0M
Net assets
$21.3M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-0861541 Public charity (501(c)(3)) San Francisco, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops and deploys safe artificial intelligence for humanity's benefit.
Leadership
Shivon Zilis · Director · $200K
Money in and out
$3.5M revenue, $13.0M expenses
Bottom line
84% program efficiency
Where the money goes · FY2020
Total revenue
$3.5M
Pt VIII · Ln 12
Total expenses
$13.0M
Pt IX · Ln 25
Net assets
$21.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9.5M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
18.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-273%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$3.5M
FY2020
Expenses
$13.0M
FY2020
Total assets
$21.4M
FY2020
Total liabilities
$113K
FY2020
Total revenue
$3.5M
Pt VIII · Ln 12
Total expenses
$13.0M
Pt IX · Ln 25
Net assets
$21.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9.5M
Total assetsPt X · Ln 16$21.4M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 44

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 1a8
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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
Director
$200,000Pt VII · Sec A
Policy Staff
$190,289Pt VII · Sec A
Technical Staff
$186,010Pt VII · Sec A
Technical Staff
$157,607Pt VII · Sec A
Technical Staff
$141,894Pt VII · Sec A
Technical Staff
$114,803Pt VII · Sec A
COO/Sec/Tres
$50,000Pt VII · Sec A
General Counsel
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $10.9M of program spending, described in the organization's own filed words · FY2020.
01

Through its control of OpenAI, L.P., a capped-profit company to help rapidly scale investments in compute and talent, the Organizations research accomplishments in 2020 include the introduction of:1) GPT-3, a large language model with 175B parameters (vs 1.5B for GPT-2) that can predict the next word of text and generate coherent…

$10.9Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$2.7M · 76%
Other revenue$515K · 15%
Investment income$305K · 9%
Contributions & grants76%$2.7M
Other revenue15%$515K
Investment income9%$305K
Total revenueLn 12$3.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$10.9M
Management & general16%$2.1M
Total functional expensesLn 25$13.0M

Balance Sheet

Part X · end of year
CashLn 1$19.9M
Total assetsLn 16$21.4M
Total liabilitiesLn 26$113K
Total net assetsLn 32$21.3M
Months of cash on handcomputed18.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.9M · Operating expenses (Pt IX) $13.0M · Less non-cash grants $51K · Cash operating expenses/yr $12.9M
18.5 months
Where the money goes
Program services
Program services $10.9M · Total expenses $13.0M
84%
Management & General
Management & general $2.1M · Total expenses $13.0M
16%
Fundraising
Fundraising $0 · Total expenses $13.0M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $2.7M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.7M · Total revenue $3.5M
76%
Government reliance
Government grants — · Total revenue $3.5M
Earned-income share
Program service revenue $0 · Total revenue $3.5M
0%
Investment reliance
Investment income $305K · Total revenue $3.5M
+9%
Program self-sufficiency
Program service revenue $0 · Total expenses $13.0M
0%
Growth & trend
Revenue growth (YoY)
This year $3.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $21.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.5M · Expenses $13.0M
-273%
Liabilities-to-Assets
Total liabilities — · Total assets $21.4M
Net-asset ratio
Net assets $21.3M · Total assets $21.4M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $21.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Shivon Zilis · Reported title Director · Highest reported compensation $200K · Total expenses $13.0M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $882K · Total expenses $13.0M
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0.6%
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 · ⤓ 990 PDF
FY2023$5.4M revenue · ⤓ 990 PDF
FY2022$44K revenue · ⤓ 990 PDF
FY2021$12K revenue · ⤓ 990 PDF
FY2020$3.5M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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