Open Library Foundation EIN 81-4396672

Open Library Foundation FY2022 filing

EIN  81-4396672 Public charity (501(c)(3)) Philadelphia, PA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Connects educational groups to build open technologies for libraries and learning.
Leadership
Tom Cramer · President
Money in and out
$190K revenue, $449K expenses
Bottom line
96% program efficiency

Connects educational groups to build open technologies for libraries and learning. For fiscal year 2022 it reported $190K in revenue, $449K in expenses, and $349K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$449K
Pt IX · Ln 25
Net assets
$349K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$259K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
8.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-136%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$190K
FY2022▼ -85%
Expenses
$449K
FY2022▼ -69%
Total assets
$372K
FY2022▲ +16%
Total liabilities
$23K
FY2022▲ ×12
Total revenue
$190K
Pt VIII · Ln 12
Total expenses
$449K
Pt IX · Ln 25
Net assets
$349K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$259K
Total assetsPt X · Ln 16$372K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $429K of program spending, described in the organization's own filed words · FY2021.
01

Folio

Folio is a collaboration of libraries, developers and vendors building an open source library services platform. It supports traditional resource management functionality and can be extended into other institutional areas.

$398Kprogram expense
02

Wolfcon

Preparation and arrangements were made for the wolfcon 2023 meeting happening in hamberg, germany, in september 2022 (next fy).

$32Kprogram expense
03

Vufind

Vufind SMLLC was instantiated this fy with paperwork approved by all parties and banking accounts established.

Pt IX · col B

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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 1a7
Independent voting membersPt VI · Ln 1b7
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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$180K · 95%
Program service revenue$10K · 5%
Contributions & grants95%$180K
Program service revenue5%$10K
Investment income$12
Total revenueLn 12$190K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$429K
Management & general4%$20K
Total functional expensesLn 25$449K

Balance Sheet

Part X · end of year
CashLn 1$304K
Total assetsLn 16$372K
Total liabilitiesLn 26$23K
Total net assetsLn 32$349K
Months of cash on handcomputed8.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $304K · Operating expenses/yr $449K
8.1 months
Where the money goes
Program services
Program services $429K · Total expenses $449K
96%
Management & General
Management & general $20K · Total expenses $449K
4%
Fundraising
Fundraising $0 · Total expenses $449K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $731K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $180K · Total revenue $190K
95%
Government reliance
Government grants — · Total revenue $190K
Earned-income share
Program service revenue $10K · Total revenue $190K
5%
Investment reliance
Investment income $12 · Total revenue $190K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $449K
2%
Growth & trend
Revenue growth (YoY)
This year $190K · Prior year $1.3M
-85%
Net-asset trend (YoY)
End of year $349K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $190K · Expenses $449K
-136%
Liabilities-to-Assets
Total liabilities — · Total assets $372K
Net-asset ratio
Net assets $349K · Total assets $372K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $372K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tom Cramer · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $449K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $449K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -85%
Legal fee ratio 1%
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 · viewing · ⤓ 990 PDF
FY2021not on file
FY2020not on file
FY2019$1.3M revenue · ⤓ 990 PDF
FY2018$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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