Open Philanthropy Project
- Assets
- $32.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Palo Alto, CA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 81-0737472
Organization Overview
Open Philanthropy Project is located in Palo Alto, CA. The organization was established in 2016. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Open Philanthropy Project employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Philanthropy Project 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 12/2021, Open Philanthropy Project generated $2.6m 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 (56.3%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STUDY AND ENGAGE IN RESEARCH TO IMPROVE THE EFFECTIVENESS AND IMPACT OF PHILANTHROPIC GIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENGAGES IN STUDY AND RESEARCH TO DEVELOP DATA AND NEW INSIGHTS TO ASSIST PHILANTHROPIC ORGANIZATIONS AND THE GENERAL PUBLIC IMPROVE THE EFFECTIVENESS AND IMPACT OF THEIR OWN GIVING. THROUGH STUDY AND RESEARCH, THE ORGANIZATION IS GAINING LEARNING AND EXPERIENCE ABOUT THE CAUSES ACROSS PHILANTHROPIC CATEGORIES, INCLUDING DIRECT AID, RESEARCH AND DEVELOPMENT, AND POLICY ADVOCACY, SO THAT FUTURE GIVING WILL HAVE THE BROADEST AND MOST MEANINGFUL LONG-TERM IMPACT ON THE LIVES OF AS MANY PEOPLE AS POSSIBLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Somerville Senior Program Officer | 40 | $374,877 | |
Heather Youngs Senior Program Officer | 40 | $212,365 | |
David Roodman Senior Advisor | 40 | $198,734 | |
Joseph Carlsmith Senior Research Analyst | 40 | $135,992 | |
Tom Davidson Senior Research Analyst | 40 | $129,549 | |
Holden Karnofsky Co-Ceo/director | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Viroclinics Biosciences Bv Project Consulting | 12/30/19 | $278,745 |
Arnold & Porter Kaye Scholer Llp Legal | 12/30/19 | $124,919 |
Financial Statements
| 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 | $1,707,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,707,383 |
| Total Program Service Revenue | $0 |
| Investment income | $607,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $258,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,574,140 |
| 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 | $7,650 |
| 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 | $1,256,496 |
| Pension plan accruals and contributions | $131,424 |
| Other employee benefits | $119,087 |
| Payroll taxes | $82,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,282 |
| Fees for services: Accounting | $90,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,334 |
| Advertising and promotion | $0 |
| Office expenses | $7,446 |
| Information technology | $1,688 |
| Royalties | $0 |
| Occupancy | $7,714 |
| Travel | $10,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $975 |
| Insurance | $12,172 |
| All other expenses | $0 |
| Total functional expenses | $2,166,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,689,950 |
| Savings and temporary cash investments | $2,939,088 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,894 |
| 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 | $53,390 |
| Net Land, buildings, and equipment | $2,980 |
| Investments—publicly traded securities | $26,600,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,342,347 |
| Accounts payable and accrued expenses | $37,288 |
| 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 | $37,288 |
| Net assets without donor restrictions | $32,305,059 |
| 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 | $32,342,347 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Open Philanthropy Project has recieved totaling $1,728,124.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $1,712,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,624 |
Robert And Maurine Rothschild Fund Inc Islesboro, ME PURPOSE: JUST IMPACT ADVISORS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berggruen Institute Los Angeles, CA | $7,691,670 | $14,445,646 |
Vision Y Compromiso El Cerrito, CA | $5,188,501 | $11,619,190 |
The Broad Center Los Angeles, CA | $3,813,633 | $10,084,361 |
National Equity Project Oakland, CA | $16,206,654 | $13,208,887 |
Casas Comprehensive Adult Student Assessment Systems San Diego, CA | $7,496,351 | $8,078,168 |
Jobs For Nevadas Graduates Inc Las Vegas, NV | $2,371,026 | $5,045,525 |
Viva Physicians Inc Palm Springs, CA | $23,221,286 | $5,506,798 |
San Francisco Electrical Industry Apprenticeship And Training Trust San Francisco, CA | $24,618,240 | $4,990,979 |
San Diego Electrical Training Administrative Services Corporatio San Diego, CA | $236,215 | $3,424,350 |
Sustainable Economies Law Center Oakland, CA | $7,697,657 | $7,133,049 |
Oregon And Southern Idaho Laborers- Employers Training Tr Portland, OR | $12,918,228 | $3,291,567 |
Worker Education & Resource Center Inc Los Angeles, CA | $3,566,673 | $3,126,599 |