Openet INC FY2023 filing

Tax-deductible

Las Vegas, NV501(c)(3)EnvironmentEIN 87-2247137Revenue $759K in FY2023

On file with the IRSetdata.org304 S Jones Blvd Ste 1332, 89107-2623 · Las Vegas, NVTax-exempt since Aug 2023Publicly supported — 509(a)(2)

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Openet uses best available science to provide easily accessible satellite-based evapotranspiration (et) data for improved water management across the western united states.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
2 of 3
filings with a surplus
Average surplus $70K a year · 4% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $187K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$245K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$759K
Spent
$1.7M
To programs
80%
Net assets
$311K
By yearFY2023–FY2025
Revenue
$759K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$759K
FY2024$2.6M
FY2025$2.3M
Expenses
$1.7M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$1.7M
FY2024$1.6M
FY2025$2.1M
Net assets
$311K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$311K
FY2024$1.3M
FY2025$1.5M

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.4M Management & general 18% · $303K Fundraising 2% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Indep. Consultant
$0Pt VII · Sec A
Exec. Dir., Treasurer, Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Sara Larsen’s $178K as CEO is at the 77th percentile of top reported officer pay among 1851 $1–10M environment 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.

See Openet 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

Provides accessible satellite data for better water management in the Western US.

Questions for Openet INC

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2022
01

Data Production

Building onto data previously produced for the entire western us from 2016 forward, in this tax period openet has generated and reviewed data for: the mississippi alluvial plane, decades of historical data for the states of or, ut, as well as the upper co river basin.

$1.1Mprogram expense
02

Ui Maintenance and Updates

Launch of the application programing interface occurred in this tax period, as well as maintenance and updates of ui platforms, including the api and the data explorer. Updates to these platforms are consistently implemented to improve speed and user experience.

$203Kprogram expense
03

Research

Special research topics during this period include: accuracy assessments comparing openet data to ground based eddy-covariance data; daily low latency land surface temperature data GENERATION/EVALUATION; model updates and improvements to account for persistent biases; methodology for developing effective precipitation layer.

$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$187K
Grants paid · 5 grants · $1.7M · 2022–2023
Desert Research Institute (dri)NV · FY2023$386,328
Desert Research Institute (dri)NV · FY2022$773,080
Mississippi State UniversityMS · FY2022$30,406

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$759K
Ln 12
Fees for servicesLn 2g$386K
Gifts and grantsLn 1h$373K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.4M
Managementcol C$303K
Fundraisingcol D$42K
Owns and owesPt X
$311K
net assets · Ln 32
Cash and savingsLn 1–2$295K
Total assetsLn 16$556K
LiabilitiesLn 26$245K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$373K
Government grantsLn 1e$70K
Fees for servicesLn 2g$386K
Total revenueLn 12$759K
Assets in detailPt X, end of year
CashLn 1$295K
Cash and savings togetherLn 1–2$295K
Other assetsLn 15$4K
Total assetsLn 16$556K
LiabilitiesLn 26$245K
Net assetsLn 32$311K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.5M$295K
Total assetsLn 16$1.5M$556K
LiabilitiesLn 26$244K$245K
Net assetsLn 32$1.3M$311K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Legal feesLn 11b$223K$185K$38K
Accounting feesLn 11c$63K$15K$45K$2K
Other fees for servicesLn 11g$223K$173K$48K$2K
Office expensesLn 13$7$6$1
Information technologyLn 14$24K$24K
TravelLn 17$751$682$69
InsuranceLn 23$7K$6K$629
Other expenses (24a–d)Ln 24$663$317$332$14
Total functional expensesLn 25$1.7M$1.4M$303K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$2.1M$204K$1.5M 990 PDF
FY2024 $2.6M$1.6M$965K$1.3M 990 PDF
FY2023 Viewing $759K$1.7M−$959K$311K 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 FY2023 990 (6 parts)
Part I · Summary $758,990 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,520,000$373,398
I-9 Program service revenue$385,592
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,520,000$758,990
I-13 Grants and similar amounts paidPrior year $150,000$1,177,844
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $100,362$540,025
I-18 Total expensesPrior year $250,362$1,717,869
I-19 Revenue less expensesPrior year $1,269,638−$958,879
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $758,990 across 5 lines filed
VIII-1e Government grants$70,403
VIII-1f All other contributions, gifts and grants$302,995
VIII-1h Total contributions, gifts and grants$373,398
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $385,592$385,592
VIII-12 Total revenueRelated to mission $385,592 · Unrelated business $0 · Excluded from tax $0$758,990
Part IX · Statement of functional expenses $1,717,869 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $1,177,844$1,177,844
IX-11b Legal feesManagement $185,127 · Fundraising $37,551$222,678
IX-11c Accounting feesPrograms $15,450 · Management $45,059 · Fundraising $2,044$62,553
IX-11g Other fees for servicesPrograms $172,875 · Management $47,874 · Fundraising $2,172$222,921
IX-13 Office expensesPrograms $6 · Management $1$7
IX-14 Information technologyManagement $23,597$23,597
IX-17 TravelPrograms $682 · Management $69$751
IX-23 InsurancePrograms $6,226 · Management $629$6,855
IX-24 Other expenses (24a–d)Programs $317 · Management $332 · Fundraising $14$663
IX-25 Total functional expensesPrograms $1,373,400 · Management $302,688 · Fundraising $41,781$1,717,869
Part X · Balance sheet $555,635 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,513,494$294,874
X-4 Accounts receivableStart of year $0$256,114
X-9 Prepaid expenses and deferred chargesStart of year $0$547
X-15 Other assetsStart of year $0$4,100
X-16 Total assetsStart of year $1,513,494$555,635
X-17 Accounts payable and accrued expensesStart of year $243,856$244,876
X-26 Total liabilitiesStart of year $243,856$244,876
X-27 Net assets without donor restrictionsStart of year $0$250,759
X-28 Net assets with donor restrictionsStart of year $1,269,638$60,000
X-32 Total net assets or fund balancesStart of year $1,269,638$310,759
X-33 Total liabilities and net assetsStart of year $1,513,494$555,635
Part XI · Reconciliation of net assets $310,759 net assets at year end
XI-1 Total revenue$758,990
XI-2 Total expenses$1,717,869
XI-3 Revenue less expenses−$958,879
XI-4 Net assets at start of year$1,269,638
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$310,759

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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