Owasp Foundation Inc
- Assets
- $2.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Wilmington, DE
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 20-0963503
Organization Overview
Owasp Foundation Inc is located in Wilmington, DE. The organization was established in 2004. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Owasp Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owasp Foundation Inc 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 12/2022, Owasp Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 8 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
OWASP'S MISSION IS TO MAKE SOFTWARE SECURITY VIABLE, SO THAT INDIVIDUALS AND ORGANIZATIONS WORLDWIDE CAN MAKE INFORMED DECISIONS ABOUT TRUE SECURITY RISKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OWASP FOUNDATION IS A NONPROFIT ORGANIZATION THAT SPANS OVER 130 COUNTRIES GLOBALLY. WITH A COMMUNITY OF 65,000+ PARTICIPANTS AND 6500 DUES PAYING MEMBERS, WE ARE THE LARGEST APPLICATION SECURITY COMMUNITY IN THE WORLD. OWASP IS ENTIRELY FUNDED THROUGH THE GENEROUS DONATIONS OF OUR SUPPORTERS, CORPORATE AND INDIVIDUAL MEMBERS, AND THE PROCEEDS OF OUR CONFERENCE EVENTS. OVER THE PAST YEAR OWASP HAS GROWN TO 270+ ACTIVE CHAPTERS OPEN-SOURCE PROJECTS & TOOLS WORLDWIDE. OUR CONFERENCES HAD MORE THAN 650 PHYSICAL AND ABOVE 1000 VIRTUAL ATTENDEES. ADDITIONALLY, OUR 130+ OPEN-SOURCE PROJECTS AND TECHNICAL MATERIALS CONTINUE TO BE DEVELOPED.COMMUNITY OUTREACH AND INTERNATIONAL EDUCATION - OVER THE PAST YEAR OWASP HAS GROWN TO OVER 6500 DUES PAYING MEMBERS AND IS NOW REPRESENTED BY OVER 270 CHAPTERS IN 130 DIFFERENT COUNTRIES AROUND THE WORLD. WE'VE REACHED NEARLY 3,000 DEVELOPERS AND SECURITY PROFESSIONALS THROUGH OUR VIRTUAL GLOBAL APPLICATION SECURITY CONFERENCES THAT PROVIDE TRAINING AND SIGNIFICANT HANDS-ON EXPERIENCE WITH APPLICATION SECURITY AND OUR OPEN-SOURCE PROJECTS.ONE OF THE STRENGTHS OF OUR ORGANIZATION IS THE DIVERSITY OF OUR COMMUNITY. THE FOUNDATION STRIVES TO EXPAND THIS DIVERSE KNOWLEDGE, PROVIDING OPPORTUNITIES FOR INTERNATIONAL COLLABORATION, EDUCATION, AND PROBLEM SOLVING. TEAMS OF VOLUNTEERS WORK TO DEVELOP MULTI-DAY EVENTS. DYNAMIC SPEAKERS, WORLD RENOWNED TRAINERS, INDUSTRY LEADERS, AND RESEARCH PIONEERS GATHER TO SHARE INFORMATION. AROUND THE WORLD, APPSEC DAYS EVENT ORGANIZERS WORKED TO BRING THE MISSION AND VISION OF OWASP BY HOLDING FREE AND PAID VIRTUAL TRAININGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Van Der Stock Executive Director | OfficerTrustee | 40 | $154,768 |
Sherif Mansour Chairperson | OfficerTrustee | 1.25 | $0 |
Vandana Verma Vice Chairperson | OfficerTrustee | 1.25 | $0 |
Grant Ongers Treasurer | OfficerTrustee | 1.25 | $0 |
Bil Corry Secretary | OfficerTrustee | 1.25 | $0 |
Owen Pendlebury Director | Trustee | 1.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virtual Inc Management | 12/30/20 | $385,146 |
Ceavco Audio & Visual Services | 12/30/20 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $959,426 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,084,260 |
| Total Program Service Revenue | $1,829,415 |
| 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 | $2,913,675 |
| 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 | $0 |
| Other salaries and wages | $615,056 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,251 |
| Payroll taxes | $80,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,793 |
| Fees for services: Accounting | $4,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,068 |
| Advertising and promotion | $0 |
| Office expenses | $10,903 |
| Information technology | $66,347 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $833,880 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,074 |
| All other expenses | $40,034 |
| Total functional expenses | $2,238,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,674,306 |
| Savings and temporary cash investments | $10,911 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,114 |
| 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 | $95,623 |
| 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 | $2,818,954 |
| Accounts payable and accrued expenses | $738,201 |
| Grants payable | $0 |
| Deferred revenue | $113,669 |
| 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 | $851,870 |
| Net assets without donor restrictions | $1,967,084 |
| Net assets with donor restrictions | $0 |
| 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 | $2,818,954 |