Open Community Foundation FY2022 filing

Not tax-deductible

San Francisco, CA501(c)(4)Public & Societal BenefitEIN 87-3982059Revenue $14.2M in FY2022

On file with the IRS873 44th Ave, 94121-3307 · San Francisco, CATax-exempt since Sep 2022

Tell your story. Claim this org

The Foundation is creating a global, Open, and decentralized internet.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $4.8M a year · 86% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
850 mo
of spending, in cash
Looks good: 849.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.2M
Spent
$79K
To programs
0%
Net assets
$14.1M
By yearFY2022–FY2024
Revenue
$14.2M
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$14.2M
FY2023$621K
FY2024$1.9M
Expenses
$79K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$79K
FY2023$332K
FY2024$1.9M
Net assets
$14.1M
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$14.1M
FY2023$14.4M
FY2024$15.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2022.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $79K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Suren Samarchyan’s $288K as Chairman and CEO is at the 88th percentile of top reported officer pay among 731 $1–10M public & societal benefit 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 · 2 named individuals · Part VII

NameFY2024FY2023
Suren Samarchyan$288,068$201,699
Hein Roehrig$221,717—

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.

See Open Community Foundation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Building a global, open, and decentralized internet for everyone.

Questions for Open Community Foundation

Tap to ask. Open Community Foundation sees how many people are interested.

Your first name shows with your question. Open Community Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2022
01

Research Decentralized Communities

The mission of the open community foundation is to create a global, open, and decentralized social platform where people own and control their identities, content, and communities, independently from the apps and services they choose to use.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$14.2M
Ln 12
Gifts and grantsLn 1h$14.2M
Investment incomeLn 3$33K
Money outPt IX
$79K
Ln 25
Managementcol C$79K
Owns and owesPt X
$14.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$14.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.2M
Investment incomeLn 3$33K
Total revenueLn 12$14.2M
Assets in detailPt X, end of year
CashLn 1$102K
SavingsLn 2$5.5M
Cash and savings togetherLn 1–2$5.6M
InvestmentsLn 11–13$8.5M
Total assetsLn 16$14.1M
LiabilitiesLn 26$0
Net assetsLn 32$14.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$5.6M
InvestmentsLn 11–13$8.5M
Total assetsLn 16$0$14.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$0$14.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$74K$74K
Investment management feesLn 11f$5K$5K
Office expensesLn 13$217$217
Information technologyLn 14$133$133
Total functional expensesLn 25$79K$0$79K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.9M$1.9M$18K$15.8M 990 PDF
FY2023 $621K$332K$289K$14.4M 990 PDF
FY2022 Viewing $14.2M$79K$14.1M$14.1M 990 PDF

More to add? Claim this org

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 FY2022 990 (6 parts)
Part I · Summary $14,218,688 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$14,186,058
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$32,630
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$14,218,688
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$79,437
I-18 Total expensesPrior year $0$79,437
I-19 Revenue less expensesPrior year $0$14,139,251
Part VI · Governance 1 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
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 $14,218,688 across 4 lines filed
VIII-1f All other contributions, gifts and grants$14,186,058
VIII-1h Total contributions, gifts and grants$14,186,058
VIII-3 Investment incomeExcluded from tax $32,630$32,630
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $32,630$14,218,688
Part IX · Statement of functional expenses $79,437 across 4 lines filed
IX-11b Legal feesManagement $74,497$74,497
IX-11f Investment management feesManagement $4,590$4,590
IX-13 Office expensesManagement $217$217
IX-14 Information technologyManagement $133$133
IX-25 Total functional expensesPrograms $0 · Management $79,437 · Fundraising $0$79,437
Part X · Balance sheet $14,090,426 assets, 8 lines filed
X-1 Cash, non-interest-bearing$101,511
X-2 Savings and temporary cash investments$5,522,363
X-11 Publicly traded securities$8,466,552
X-16 Total assetsStart of year $0$14,090,426
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$14,090,426
X-32 Total net assets or fund balancesStart of year $0$14,090,426
X-33 Total liabilities and net assetsStart of year $0$14,090,426
Part XI · Reconciliation of net assets $14,090,426 net assets at year end
XI-1 Total revenue$14,218,688
XI-2 Total expenses$79,437
XI-3 Revenue less expenses$14,139,251
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments−$48,825
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,090,426

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.