Open Ordinals Institute EIN 93-2180973

Open Ordinals Institute

EIN  93-2180973 Public charity (501(c)(3)) Oakland, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Supports free and open-source development of Bitcoin Ordinals for a thriving ecosystem.
Leadership
Erin Redwing · Director
Money in and out
$39K revenue, $112K expenses
Bottom line
0.5mo operating runway

Supports free and open-source development of Bitcoin Ordinals for a thriving ecosystem. For fiscal year 2025 it reported $39K in revenue, $112K in expenses, and $50K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$39K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$50K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$73K
Where spending went · Part IX cols B–D
Program services $0.67
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate▲ +400% vs prior filing year
Surplus margin
-185%
revenue over expenses, this year▼ -1273% vs prior filing year
Donor-funded
18%
of revenue is gifts & grants▼ -74% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$39K
FY2025▼ -74%
Expenses
$112K
FY2025▼ -35%
Total assets
$50K
FY2025▼ -36%
Total liabilities
$0
FY2025
Total revenue
$39K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$50K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$73K
Total assetsPt X · Ln 16$50K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $138K of program spending, described in the organization's own filed words · FY2024.
01

Community and Ecosystem Support

Paid out approximately $150,000 in grants to contributors, primarily supporting indexing improvements, new API endpoints, robustness (savepoints for indexes), wallet enhancements, and expanded educational materials.

$46Kprogram expense
02

Technical Infrastructure

Massively improved indexing performance, including contributions to upstream repositories such as the redb database and the wider Rust Bitcoin ecosystem. Supported the creation of libraries like bip322 for the ecosystem.

$46Kprogram expense
03

Software Development

Built out wallet functionality, explorer JSON RPC, and released multiple new protocol versions; added batch inscribing modes, improved wallet features (multi-parent support, descriptor imports), enabled querying by sat name, and added content proxy functionality.

$46Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpen Ordinals Institute
EINHdr · item D93-2180973
Principal addressHdr · item COakland, CA
WebsiteHdr · item Jordinals.org/about
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFJan 2026

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Open Ordinals Institute executive salaries →

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Statement of Revenue

Part VIII
Other revenue$32K · 82%
Contributions & grants$7K · 18%
Other revenue82%$32K
Contributions & grants18%$7K
Total revenueLn 12$39K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67
Program services67%$75K
Total functional expensesLn 25$112K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$50K
Total liabilitiesLn 26$0
Total net assetsLn 32$50K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5K · Operating expenses/yr $112K
0.5 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $7K · Total revenue $39K
18%
Government reliance
not reported
Earned-income share
Program service revenue — · Total revenue $39K
Investment reliance
Investment income — · Total revenue $39K
Program self-sufficiency
Program service revenue — · Total expenses $112K
Rests on the self-reported EZ program figure
Growth & trend
Revenue growth (YoY)
This year $39K · Prior year $151K
-74%
Net-asset trend (YoY)
End of year $50K · Beginning of year $77K
-36%
Balance sheet
Surplus Margin
Revenue $39K · Expenses $112K
-185%
Liabilities-to-Assets
Total liabilities — · Total assets $50K
Net-asset ratio
Net assets $50K · Total assets $50K
100%
People & payroll
Highest Reported Total Compensation
Individual Erin Redwing · Reported title Director · Highest reported compensation $0 · Total expenses $112K
0%
Personnel share
Salaries & benefits — · Total expenses $112K
Form 990-EZ bundles compensation — not comparable to full-990 filers
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Revenue growth -74%

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.

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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)$39K revenue · viewing · ⤓ 990 PDF
FY2024$151K revenue · ⤓ 990 PDF
FY2023$122K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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