Openid Foundation is located in San Ramon, CA. The organization was established in 2014. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Openid Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Openid Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 18.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.FOUNDED IN 2017, THE OPENID FOUNDATION (OIDF) IS A NONPROFIT OPEN STANDARDS BODY DEVELOPING IDENTITY AND SECURITY SPECIFICATIONS THAT SERVE BILLIONS OF CONSUMERS ACROSS MILLIONS OF APPLICATIONS. THE OPENID FOUNDATION'S VISION IS TO HELP PEOPLE ASSERT THEIR IDENTITY WHEREVER THEY CHOOSE, AND OUR MISSION IS TO LEAD THE GLOBAL COMMMUNITY IN CREATING IDENTITY STANDARDS THAHT ARE SECURE, INTEROPERABLE, AND PRIVACY-PRESERVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONAL UPDATES:OIDF CONTINUED ITS GLOBAL OUTREACH TO THE OPENID COMMUNITY VIA WORKSHOPS AND CONFERENCE PRESENTATIONS IN 2023, INCLUDING OIDF COMMUNITY WORKSHOPS IN MARCH AT MICROSOFT AND AT CISCO IN OCTOBER. OIDF ALSO PRESENTED AT A WORKSHOP TO THE EUROPEAN IDENTITY & CLOUD CONFERENCE IN BERLIN, GERMANY IN MAY 2023. OIDF LEADERSHIP AND STAFF ALSO PRESENTED ON OPENID TOPICS AT MANY INDUSTRY CONFERENCES IN 2023.OIDF LAUNCHED TWO NEW WORKING GROUPS IN 2023. THE DIGITAL CREDENTIALS PROTOCOLS WORKING GROUP WENT LIVE IN AUGUST 2023, WHICH IS A NEW WORKING AS A DEDICATED HOME OF THE OPENID FOR VERIFIABLE CREDENTIALS SPECS FAMILY. THE AUTHORIZATION EXCHANGE (AUTHZEN) WORKING GROUP WENT LIVE IN OCTOBER 2023 AND WILL FOCUS ON INCREASING INTEROPERABILITY OF AUTHORIZATION SYSTEMS.IN OCTOBER 2023, OIDF ANNOUNCED A NEW WHITEPAPER PROCESS WHICH DEFINES A FORMAL FORMAL AND TRANSPARENT APPROACH TO WHITEPAPERS. IT DEFINES THE PROCESS FOR GOVERNANCE AS WELL AS THE EDITORIAL TASKS OF SCOPING, DRAFTING, PUBLISHING, AND UPDATING WHITEPAPERS.THE FOUNDATION UPDATED ITS BYLAWS IN DECEMBER 2023. THE EXECUTIVE COMMITTEE (EC) AND THE BOARD REVISITED THE TOPIC OF BALANCE OF BOARD MEMBERS AND AGREED TO PROCEED WITH UPDATING THE RATIOS OF COMMMUNITY AND CORPORATE REPRESENTATIVES ON THE BOARD RELATIVE TO THE NUMBER OF SUSTAINING MEMBERS (PAYING MEMBERS). THE EC AND THE BOARD NOTED THAT ADDING MORE REPRESENTATIVES BRINGS MORE VOICES AND EXPERTISE TO THE BOARD, BALANCING THE SUSTAINING MEMBERS.THE FOUNDATION CONTINUES TO GROW MEMBERSHIP GLOBALLY WITH A NUMBER OF NEW CORPORATE MEMBERS INCLUDING SOME NEW NONPROFITS AND GOVERNMENT MEMBERS.
2023 STRATEGIC INITIATIVES: - OIDF PUBLISHED A NUMBER OF WHITEPAPERS IN 2023 INCLUDING "OPEN BANKING AND OPEN DATA: READY TO CROSS BORDERS?" (FEBRUARY 2023), FINAL DRAFT "GOVERNMENT-ISSUED DIGITAL CREDENTIALS AND THE PRICACY LANDSCAPE" (2023), "GAIN IN 2023" (JULY 2023), AND THE "HUMAN-CENTRIC DIGITAL IDENTITY: FOR GOVERNMENT OFFICIALS" FINAL WHITEPAPER (SEPTEMBER 2023).- OIDF JOINED THE LINUX FOUNDATION'S OPENWALLET FOUNDATION (OWF) IN FEBRUARY 2023. THE OIDF IS AMONG THE FIRST OF NONPROFIT, STANDARDS DEVELOPMENT ORGANIZATIONS TO BE APPROVED AS AN ASSOCIATE MEMBER. THROUGHOUT THE OWF'S FORMATION, OIDF MEMBERS HAVE CONTRIBUTED TO OWF'S ORGANIZATION DESIGN AND TECHNICAL DEVELOPMENT AGENDA.- OIDF ANNOUNCED THE 2023 OPENID FOUNDATION KIM CAMERON AWARD RECIPIENTS (TRAVEL REIMBURSEMENT AWARDED) IN APRIL 2023. THE GOAL OF THE AWARDS IS TO INCREASE REPRESENTATION FROM YOUNG PEOPLE WHO HAVE DEMONSTRATED AN INTEREST IN SUBJECTS CONSISTENT WITH BEST PRACTICES AND IDENTITY STANDARDS THAT ARE SECURE, INTEROPERABLE, AND PRIVACY PRESERVING. THE 2023 AWARDEES: ISAAC HENDERSON - SENIOR SECURITY RESEARCHER AT THE UNIVERSITY OF STUTTGART IAT/FRAUNHOFER IAO, RACHELLE SELLUNG - SENIOR SCIENTIST RESEARCHER IN THE IDENTITY MANAGEMENT COMPETENCE TEAM AT FRAUNHOFER IAO, AMIR SHARIF - RESEARCHER IN THE SECURITY & TRUST RESEARCH UNIT OF THE CYBERSECURITY CENTER OF FONDAZIONE BRUNO KESSLER, AND CHARLIE SMITH - DOCTORAL STUDENT AT THE OXFORD INTERNET INSTITUTE.- OIDF JOINED THE LINUX FOUNDATION'S CAMARA PROECT AS AN ASSOCIATE MEMBER IN NOVEMBER 2023. CAMARA IS AN OPEN-SOURCE PROJECT WITHIN LINUX FOUNDATION THAT DEFINES, DEVELOPS AND TESTS THE APIS ENABLING SEAMLESS ACCESS TO TELCO NETWORK CAPABILITIES.
A NUMBER OF OIDF SPECIFICATIONS WERE APPROVED IN 2023, AS WELL AS A FORMAL SECURITY ANALYSIS ON ONE OPENID SPECIFICATION: - SECOND IMPLEMENTER'S DRAFTS OF TWO FAPI 2.0 SPECIFICATIONS APPROVED (SECURITY PROFILE AND ATTACKER MODEL) - IMPLEMENTER'S DRAFT OF FAPI 2.0 MESSAGE SIGNING APPROVED- SECOND IMPLEMENTER'S DRAFT OF OPENID FOR VERIGIABLE PRESENTATIONS SPECIFICATION APPROVED- SECOND IMPLEMENTER'S DRAFT OF GRANT MANAGEMENT FOR OAUTH 2.0 APPROVED- SECOND ERRATA SET FOR OPENID CONNECT SPECIFICATIONS APPROVED- SECOND IMPLEMENTER'S DRAFT OF SHARED SIGNALS FRAMEWORK SPECIFICATION APPROVED - FORMAL SECURITY ANALYSIS OF FAPI 2.0 MESSAGE SIGNING, DCR, DCM, AND FAPI-CIBA COMPLETED
THE OIDF CERTIFICATION PROGRAM CONTINUED TO EVOLVE AND GROW IN 2023: - CONTINUED STRONG PARTNERSHIP WITH OPEN FINANCE BRAZIL THAT REQUIRES ALL BRAZILIAN BANKS TO BE OPENID FAPI CONFORMANT AND CERTIFIED.- PARTNERED WITH OPEN INSURANCE BRAZIL (OPIN) THAT MIRRORED OPEN FINANCE BRAZIL REQUIREMENTS IN MANDATING ALL BRAZILIAN INSURANCE COMPANIES TO BE OPENID FAPI CONFORMANT AND CERTIFIED.- PARTNERED WITH THE SAUDI ARABIA CENTRAL BANK ON THEIR OPEN BANKING INITIATIVE (SAMA). OIDF DELIVERED AN ECOSYSTEM OUTREACH WORKSHOP IN SAUDI ARABIA TO INTRODUCE THE ECOSYSTEM TO THE OPENID FAPI SPECIFICATION AND FAPI CERTIFICATION AS SAMA HAS ADOPTED FAPI AND MANDATES FAPI CERTIFICATION. PROCESSED PHASE 1 SAMA FAPI CERTIFICATIONS IN 2023.- ONGOING CONFORMANCE TESTS DEVELOPMENT CONTINUED THROUGH 2023. ROLLED OUT FAPI 2.0 CONFORMANCE TESTS AND CERTIFICATIONS IN MARCH 2023 WITH THE FIRST 2.0 CERTIFICATIONS PUBLISHED IN MAY 2023. THE FAPI-RW APP2APP CERTIFICATIONS WERE LAUNCHED IN JUNE 2023- CONTINUED GLOBAL OPEN BANKING/OPEN DATA OUTREACH IN 2023 HIGHLIGHTING THE VALUE OF CONFORMANCE TO OPENID STANDARDS VIA CERTIFICATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nat Sakimura Chairman & Director (community Rep) | OfficerTrustee | 4 | $0 |
Dima Postnikov Vice-Chair & Director (corporate Rep) | OfficerTrustee | 4 | $0 |
Marie Jordan Secretary & Director | OfficerTrustee | 4 | $0 |
Nancy Cam-Winget Treasurer & Director | OfficerTrustee | 4 | $0 |
Pam Dingle Director | Trustee | 2 | $0 |
John Bradley Director (community Rep) | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Identity Services Ltd Executive Director Services | 12/30/23 | $239,721 |
Fintechlabs Technical Services | 12/30/23 | $174,057 |
Consideredconsulting Limited Technical Director Services | 12/30/23 | $125,000 |
Kaizen Partners Llc Operations Director Services | 12/30/23 | $119,880 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $2,220,000 |
Investment income | $11,294 |
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 | $2,231,294 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $619,277 |
Fees for services: Legal | $64,009 |
Fees for services: Accounting | $1,784 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $627,944 |
Advertising and promotion | $0 |
Office expenses | $98 |
Information technology | $44,881 |
Royalties | $0 |
Occupancy | $0 |
Travel | $113,348 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $10,816 |
All other expenses | $0 |
Total functional expenses | $1,620,520 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,756,962 |
Savings and temporary cash investments | $735,252 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
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 | $2,492,214 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Net assets without donor restrictions | $2,356,333 |
Net assets with donor restrictions | $135,881 |
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 | $2,492,214 |