Open Education Global Incorporated
- Assets
- $2.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Concord, MA
- Founding
- 02/2009
- Data as of
- 06/2022
- EIN
- 01-0908761
Organization Overview
Open Education Global Incorporated is located in Concord, MA. The organization was established in 2009. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Open Education Global Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Education Global Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Open Education Global Incorporated generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 13.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPEN EDUCATION GLOBAL INCORPORATED IS A WORLDWIDE COMMUNITY OF HUNDREDS OF HIGHER EDUCATION INSTITUTIONS AND ASSOCIATED ORGANIZATIONS COMMITTED TO ADVANCING OPEN EDUCATION AND ITS IMPACT ON GLOBAL EDUCATION. WE ENVISION A WORLD WHERE EVERYONE, EVERYWHERE HAS ACCESS TO THE EDUCATION THEY NEED TO BUILD THEIR FUTURES. WE SEEK TO INSTILL OPENNESS AS A FEATURE OF EDUCATION AROUND THE WORLD, ALLOWING GREATLY EXPANDED ACCESS TO EDUCATION WHILE PROVIDING A SHARED BODY OF KNOWLEDGE UPON WHICH INNOVATIVE AND EFFECTIVE APPROACHES TO TODAY'S SOCIAL PROBLEMS CAN BE BUILT. OPEN EDUCATION GLOBAL REALIZES CHANGE BY LEVERAGING ITS SOURCES OF EXPERT OPINION, ITS GLOBAL NETWORK, AND ITS POSITION AS THE PRINCIPAL VOICE OF OPEN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ONE PROGRAM, WHICH IS THE CONSORTIUM OF MORE THAN 200 HIGHER EDUCATION INSTITUTIONS AND ASSOCIATED ORGANIZATIONS FROM AROUND THE WORLD CREATING A BROAD AND DEEP BODY OF OPEN EDUCATIONAL CONTENT USING A SHARED MODEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Stacey Executive Di | $0 | ||
Constance Blomgren Director | Trustee | $0 | |
Catherine Casserly Director | Trustee | $0 | |
Perrine DE Cotlogon Director | Trustee | $0 | |
Martin Dougiamas Director | Trustee | $0 | |
Diana Hernndez Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alan Levine Contractor | 6/29/22 | $106,220 |
Karen Cangialosi Contractor | 6/29/22 | $100,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $152,225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,140,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,292,721 |
| Total Program Service Revenue | $52,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,345,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $145,951 |
| Other salaries and wages | $235,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,655 |
| Payroll taxes | $26,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,026,076 |
| Advertising and promotion | $3,500 |
| Office expenses | $13,743 |
| Information technology | $11,616 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,724 |
| All other expenses | $0 |
| Total functional expenses | $1,627,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,812,599 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $450,000 |
| Accounts receivable, net | $36,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,827 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,302,674 |
| Accounts payable and accrued expenses | $271,819 |
| Grants payable | $0 |
| Deferred revenue | $65,575 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $337,394 |
| Net assets without donor restrictions | $1,069,147 |
| Net assets with donor restrictions | $896,133 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,302,674 |