Open Library Foundation EIN 81-4396672

Open Library Foundation FY2018 filing

EIN  81-4396672 Public charity (501(c)(3)) Philadelphia, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects educational groups to build open technologies for libraries and learning.
Leadership
Kristin Antelman · Director
Money in and out
$1.0M revenue, $885K expenses
Bottom line
100% program efficiency

Connects educational groups to build open technologies for libraries and learning. For fiscal year 2018 it reported $1.0M in revenue, $885K in expenses, and $499K in net assets.Pt I

Where the money goes · FY2018
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$885K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $130K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2018 · Form 990
Revenue
$1.0M
FY2018
Expenses
$885K
FY2018
Total assets
$500K
FY2018
Total liabilities
$130
FY2018
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$885K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$130K
Total assetsPt X · Ln 16$500K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $662K of program spending, described in the organization's own filed words · FY2018.
01

Software Development Infrastructure

The foundation provides a sophisticated software development environment for our constituent project communities that include code repositories, software testing environments, support for specialist consulting, infrastructure for servers, network identity, software license compliance tools and structures, and other affordances to improve…

$643Kprogram expense
02

Administrative Infrastructure & Community Formation

The foundation provides a legal, non-for-profit structure to provide administrative functions to the foundation's component software development projects. This includes legal advising on licensing and intellectual property rights, banking & accounting functions, web presence & outreach, and meeting & event support.

$13Kprogram expense
03

Collaborative Infrastructure

The foundation performs several services to support collaboration between institutions, library organizations, and library-technology vendors. These include web conferencing services, shared document storage, electronic mailing lists, user experience design software, and discussion boards.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpen Library Foundation
EINHdr · item D81-4396672
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jopenlibraryfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U41)
Ruling yearIRS BMFApr 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Open Library Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$983K · 97%
Program service revenue$32K · 3%
Contributions & grants97%$983K
Program service revenue3%$32K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$885K
Total functional expensesLn 25$885K

Balance Sheet

Part X · end of year
CashLn 1$500K
Total assetsLn 16$500K
Total liabilitiesLn 26$130
Total net assetsLn 32$499K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2018 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $500K · Operating expenses/yr $885K
6.8 months
Where the money goes
Program services
Program services $885K · Total expenses $885K
100%
Management & General
Management & general $0 · Total expenses $885K
0%
Fundraising
Fundraising $0 · Total expenses $885K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $983K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $983K · Total revenue $1.0M
97%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $32K · Total revenue $1.0M
3%
Investment reliance
Investment income $0 · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $32K · Total expenses $885K
4%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $499K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $885K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $500K
Net-asset ratio
Net assets $499K · Total assets $500K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $500K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristin Antelman · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $885K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $885K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Legal fee ratio 0%
Accounting fee ratio 4%

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 · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$5K

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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
FY2025 (Latest)$844K revenue · ⤓ 990 PDF
FY2024$567K revenue · ⤓ 990 PDF
FY2023$822K revenue · ⤓ 990 PDF
FY2022$190K revenue · ⤓ 990 PDF
FY2021not on file
FY2020not on file
FY2019$1.3M revenue · ⤓ 990 PDF
FY2018$1.0M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2018IRS
Classification, formation year, addressIRS Business Master File
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