Omidyar Network Fund Inc
- Assets
- $490.0m
- Revenue
- $21.0m
- Investments
- $382.0m
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 02/2005
- Data as of
- 12/2020
- EIN
- 20-1173866
Organization Overview
Omidyar Network Fund Inc is located in Redwood City, CA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omidyar Network Fund 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, Omidyar Network Fund Inc generated $21.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (52.3%) each year. All expenses for the organization totaled $74.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Omidyar Network Fund Inc has awarded 637 individual grants totaling $140,078,772. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Kubzansky President And Trustee | 21 | $0 | |
Pierre Omidyar Chairman | 0.02 | $0 | |
Pamela Omidyar Trustee | 0.12 | $0 | |
Patricia Christen Trustee | 2 | $0 | |
Jeffrey Alvord Trustee | 0.24 | $0 | |
Jeffrey Hom Secretary | 21 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ssi Investment Management | 12/30/21 | $160,375 |
Morgan Stanley | 12/30/21 | $87,525 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,163,006 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,651,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,217,189 |
| Capital Gain Net Income | $17,438,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,031,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $936,712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,933 |
| Total operating and administrative expenses | $1,192,777 |
| Contributions, gifts, grants paid | $73,460,207 |
| Total expenses and disbursements | $74,652,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,096,182 |
| Savings and temporary cash investments | $31,024,820 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $95,300,138 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $74,883,695 |
| Total assets | $490,038,780 |
| Accounts payable and accrued expenses | $33,798 |
| Grants payable | $8,880,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,414,361 |
| Total liabilities | $10,328,159 |
Grants Awarded
Over the last fiscal year, Omidyar Network Fund Inc has awarded $60,880,708 in support to 249 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL OPERATING SUPPORT | $2,513,485 |
TEACH FOR ALL INC PURPOSE: GENERAL OPERATING SUPPORT | $1,500,000 |
UNITED NATIONS ECONOMIC COMMISSION FOR AFRICA PURPOSE: TO SUPPORT GRANTEE'S DIGITAL CENTRE OF EXCELLENCE ON DIGITAL ID AND DATA PROTECTION | $1,295,000 |
FIRELIGHT FOUNDATION PURPOSE: TO SUPPORT COMMUNITY-BASED ORGANIZATIONS IN KENYA. | $1,158,955 |
MCKINSEY & COMPANY INC UNITED STATES PURPOSE: TO RESEARCH AND PUBLISH STUDY ON OPEN FINANCE | $1,150,000 |
Taylorsville, UT PURPOSE: TO SUPPORT THE EXPANSION OF THE UPSTART PROGRAM ACROSS THE UNITED STATES | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |