Owasp Foundation Inc
- Assets
- $1.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 12/2004
- Data as of
- 12/2020
- EIN
- 20-0963503
Organization Overview
Owasp Foundation Inc is located in Wakefield, MA. 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. 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 12/2020, Owasp Foundation Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OWASP'S MISSION IS TO MAKE SOFTWARE SECURITY VISIBLE, 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 OVER130 COUNTRIES GLOBALLY. WITH A COMMUNITY OF 90,000+ PARTICIPANTS AND 6100 DUES PAYING MEMBERS, WE ARE THE LARGEST APPLICATION SECURITYCOMMUNITY 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 250+ ACTIVE CHAPTERS OPEN SOURCE PROJECTS & TOOLS - WORLDWIDE. DESPITE COVID, OUR CONFERENCES HAD MORE THAN 3000 VIRTUAL ATTENDEES.ADDITIONALLY, OUR 130+ OPEN SOURCE PROJECTS AND TECHNICAL MATERIALS CONTINUE TO BE DEVELOPED.
COMMUNITY OUTREACH AND INTERNATIONAL EDUCATION - OVER THE PASTYEAR OWASP HAS GROWN TO OVER 6100 DUES PAYING MEMBERS, AND IS NOWREPRESENTED BY OVER 250 CHAPTERS IN 130 DIFFERENT COUNTRIES AROUNDTHE WORLD. WE'VE REACHED NEARLY 3,000 DEVELOPERS AND SECURITY PROFESSIONALS THROUGH OUR VIRTUAL GLOBAL APPLICATION SECURITYCONFERENCES THAT PROVIDE TRAINING AND SIGNIFICANT HANDS-ONEXPERIENCE WITH APPLICATION SECURITY AND OUR OPEN SOURCE PROJECTS.
ONE OF THE STRENGTHS OF OUR ORGANIZATION IS THE DIVERSITY OF OURCOMMUNITY. THE FOUNDATION STRIVES TO EXPAND THIS DIVERSE KNOWLEDGE,PROVIDING OPPORTUNITIES FOR INTERNATIONAL COLLABORATION, EDUCATION, ANDPROBLEM SOLVING. DUE TO COVID, WE HAD TO MOVE TO VIRTUAL GLOBAL APPSECCONFERENCES TO CONTINUE OUR MISSION, WHICH REDUCED OUR PROGRAM INCOME. TEAMS OF VOLUNTEERS WORK TO DEVELOP MULTI-DAY EVENTS. DYNAMIC SPEAKERS,WORLD RENOWNED TRAINERS, INDUSTRY LEADERS, AND RESEARCH PIONEERS GATHERTO SHARE INFORMATION. AROUND THE WORLD, APPSEC DAYS EVENT ORGANIZERSWORKED TO BRING THE MISSION AND VISION OF OWASP BY HOLDING FREE VIRTUALTRAININGS.APPSEC CALI - OVER 500 IN PERSON ATTENDEES, AND MORE THAN 250VIRTUAL ATTENDEES FROM ALL OVER THE WORLD AT VIRTUAL SUMMER OF SECURITY TRAINING, AND MORE THAN 5000 REGISTERED ATTENDEES OFVIRTUAL GLOBAL APPSEC 2021.
GOOGLE SUMMER OF CODE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Van Der Stock Executive Director | Officer | 40 | $159,996 |
Harold Blankenship Director Of Projects And Technology Support | 40 | $127,296 | |
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 |
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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $524,016 |
| 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 | $2,158,507 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $753,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $161,574 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,000 |
| Fees for services: Legal | $72,928 |
| Fees for services: Accounting | $27,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,000 |
| Fees for services: Other | $71,473 |
| Advertising and promotion | $53,373 |
| Office expenses | $127,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $719,072 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,851 |
| All other expenses | $0 |
| Total functional expenses | $2,253,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,231 |
| Prepaid expenses and deferred charges | $35,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,369,843 |
| Accounts payable and accrued expenses | $115,869 |
| Grants payable | $0 |
| Deferred revenue | $112,213 |
| 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 | $112,700 |
| Other liabilities | $0 |
| Total liabilities | $340,782 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,029,061 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Owasp Foundation Inc has recieved totaling $311.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Griffiss Institute Inc Rome, NY | $5,351,291 | $13,272,090 |
Scratch Foundation Boston, MA | $12,660,412 | $10,034,461 |
Powermylearning Inc New York, NY | $8,303,195 | $9,294,963 |
Software Freedom Conservancy Inc Brooklyn, NY | $6,623,240 | $4,357,006 |
Owasp Foundation Inc Wakefield, MA | $1,369,843 | $2,158,507 |
New York City Foundation For Computer Science Education New York, NY | $1,500,469 | $2,506,361 |
Participatory Culture Foundation Boston, MA | $1,418,302 | $1,710,892 |
Free Software Foundation Inc Boston, MA | $2,824,546 | $1,875,386 |
Open Source Project For A Network Providence, RI | $716,267 | $982,751 |
Entropy Software Foundation Inc Woodbury, NY | $186,783 | $920,000 |
Ethereum Classic Cooperative Llc New York, NY | $5,145,057 | $5,191,092 |
Software In The Public Interest Inc New York, NY | $3,096,266 | $522,719 |