Open Library Foundation
- Assets
- $916.2k
- Revenue
- $917.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2017
- Data as of
- 12/2020
- EIN
- 81-4396672
Organization Overview
Open Library Foundation is located in Philadelphia, PA. The organization was established in 2017. 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. Open Library Foundation 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, Open Library Foundation generated $917.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $454.4k during the year ending 12/2020. While expenses have increased by 2.8% per year over the past 4 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORE MISSION OF THE FOUNDATION IS TO ASSIST AND FACILITATE EDUCATIONAL ORGANIZATIONS, FOUNDATIONS, PARTNERSHIPS AND COMMERCIAL ENTITIES TO COLLABORATE TO FOSTER, DEVELOP AND SUSTAIN OPEN TECHNOLOGIES FOR INNOVATION SO AS TO SUPPORT LIBRARIES, LEARNING, RESEARCH AND TEACHING. THE FOUNDATION HELPS RESEARCH, ACADEMIC AND PUBLIC LIBRARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATIVE INFRASTRUCTURE - THE FOUNDATION PERFORMS SEVERAL SERVICES TO SUPPORT COLLABORATION BETWEEN INSTITUTIONS, LIBRARY ORGANIZATIONS, AND LIBRARY-TECHNOLOGY VENDORS. THESE INCLUDE WEB CONFERENCING SERVICES, SHARED DOCUMENT STORAGE, ELECTRONIC MAILING LISTS, USER EXPERIENCE DESIGN SOFTWARE, AND DISCUSSION BOARDS. ALL OF THESE SERVICES ARE IN SIGNIFICANT USE OF FOUNDATION COMMUNITIES.
ADMINISTRATIVE INFRASTRUCTION & COMMUNITY FORMATION - THE FOUNDATION PROVIDES A LEGAL, NOT-FOR-PROFIT CORPORATE STRUCTURE TO PROVIDE ADMINISTRATIVE FUNCTIONS TO THE FOUNDATION'S COMPONENT SOFTWARE DEVELOPMENT PROJECTS. THIS INCLUDES LEGAL ADVISING ON LICENSING AND INTELLECTUAL PROPERTY RIGHTS, BANKING AND ACCOUNTING FUNCTIONS, WEB PRESENCE AND OUTREACH, AND MEETING AND EVENT SUPPORT. THE FOUNDATION ALSO HAS SUCCESSFULLY ONBOARDED ADDITIONAL COMMUNITIES DURING THE YEAR TO EXPAND THE REACH AND IMPACT OF THE FOUNDATION EFFORTS. EXPENSES ARE MAINLY CONTRIBUTED EFFORTS BY FOUNDATION VOLUNTEERS TO EDUCATE POTENTIAL COMMUNITIES TO THE VALUE OF THE FOUNDATION, AND TO NEGOTIATE TERMS FOR JOINING THE FOUNDATION.
SOFTWARE DEVELOPMENT INFRASTRUCTION - THE FOUNDATION PROVIDES A SOPHISTICATED SOFTWARE DEVELOPMENT ENVIRONMENT FOR OUR CONSTITUENT PROJECT COMMUNITIES THAT INCLUDE CODE REPOSITORIES, SOFTWARE TESTING ENVIRONMENTS, SUPPORT FOR SPECIALIST CONSULTING, INFRASTRUCTURE FOR SERVERS, NETWORK IDENTITY, SOFTWARE LICENSE COMPLIANCE TOOLS AND STRUCTURES, AND OTHER AFFORDANCES TO IMPROVE COLLABORATIVE SOFTWARE DEVELOPMENT ACTIVITIES.
SOFTWARE DEVELOPMENT STAFFING & SUPPORT - THE FOUNDATION CREATES AN INFRASTRUCTRE FOR COMMUNITY INVESTMENT IN OPEN SOURCE SOFTWARE DEVELOPMENT. THE OLE COMMUNITY, A COMMUNITY OF THE FOUNDATION, IS A MEMBERSHIP COMMUNITY FOR LIBRARIES AND LIBRARY ORGANIZATIONS. THE OLE COMMUNITY RAISES CAPITAL, BOTH FINANCIAL AND HUMAN, TO INVEST IN OLE PROJECTS. THE CASH COMMITMENTS OF OLE PARTNERS ARE MANAGED BY THE FOUNDATION FOR THE BENEFIT OF THE OLE PARTNERS. THE CASH FROM OLE PARTNERS PAYS FOR CONTRIBUTED STAFF AND OTHER RELATED SOFTWARE DEVELOPMENT COSTS.
COLLABORATIVE INFRASTRUCTURE - THE FOUNDATION PERFORMS SEVERAL SERVICES TO SUPPORT COLLABORATION BETWEEN INSTITUTIONS, LIBRARY ORGANIZATIONS, AND LIBRARY-TECHNOLOGY VENDORS. THESE INCLUDE WEB CONFERENCING SERVICES, SHARED DOCUMENT STORAGE, ELECTRONIC MAILING LISTS, USER EXPERIENCE DESIGN SOFTWARE, AND DISCUSSION BOARDS. ALL OF THESE SERVICES ARE IN SIGNIFICANT USE OF FOUNDATION COMMUNITIES.
ADMINISTRATIVE INFRASTRUCTION & COMMUNITY FORMATION - THE FOUNDATION PROVIDES A LEGAL, NOT-FOR-PROFIT CORPORATE STRUCTURE TO PROVIDE ADMINISTRATIVE FUNCTIONS TO THE FOUNDATION'S COMPONENT SOFTWARE DEVELOPMENT PROJECTS. THIS INCLUDES LEGAL ADVISING ON LICENSING AND INTELLECTUAL PROPERTY RIGHTS, BANKING AND ACCOUNTING FUNCTIONS, WEB PRESENCE AND OUTREACH, AND MEETING AND EVENT SUPPORT. THE FOUNDATION ALSO HAS SUCCESSFULLY ONBOARDED ADDITIONAL COMMUNITIES DURING THE YEAR TO EXPAND THE REACH AND IMPACT OF THE FOUNDATION EFFORTS. EXPENSES ARE MAINLY CONTRIBUTED EFFORTS BY FOUNDATION VOLUNTEERS TO EDUCATE POTENTIAL COMMUNITIES TO THE VALUE OF THE FOUNDATION, AND TO NEGOTIATE TERMS FOR JOINING THE FOUNDATION.
SOFTWARE DEVELOPMENT INFRASTRUCTION - THE FOUNDATION PROVIDES A SOPHISTICATED SOFTWARE DEVELOPMENT ENVIRONMENT FOR OUR CONSTITUENT PROJECT COMMUNITIES THAT INCLUDE CODE REPOSITORIES, SOFTWARE TESTING ENVIRONMENTS, SUPPORT FOR SPECIALIST CONSULTING, INFRASTRUCTURE FOR SERVERS, NETWORK IDENTITY, SOFTWARE LICENSE COMPLIANCE TOOLS AND STRUCTURES, AND OTHER AFFORDANCES TO IMPROVE COLLABORATIVE SOFTWARE DEVELOPMENT ACTIVITIES.
SOFTWARE DEVELOPMENT STAFFING & SUPPORT - THE FOUNDATION CREATES AN INFRASTRUCTRE FOR COMMUNITY INVESTMENT IN OPEN SOURCE SOFTWARE DEVELOPMENT. THE OLE COMMUNITY, A COMMUNITY OF THE FOUNDATION, IS A MEMBERSHIP COMMUNITY FOR LIBRARIES AND LIBRARY ORGANIZATIONS. THE OLE COMMUNITY RAISES CAPITAL, BOTH FINANCIAL AND HUMAN, TO INVEST IN OLE PROJECTS. THE CASH COMMITMENTS OF OLE PARTNERS ARE MANAGED BY THE FOUNDATION FOR THE BENEFIT OF THE OLE PARTNERS. THE CASH FROM OLE PARTNERS PAYS FOR CONTRIBUTED STAFF AND OTHER RELATED SOFTWARE DEVELOPMENT COSTS.
COLLABORATIVE INFRASTRUCTURE - THE FOUNDATION PERFORMS SEVERAL SERVICES TO SUPPORT COLLABORATION BETWEEN INSTITUTIONS, LIBRARY ORGANIZATIONS, AND LIBRARY-TECHNOLOGY VENDORS. THESE INCLUDE WEB CONFERENCING SERVICES, SHARED DOCUMENT STORAGE, ELECTRONIC MAILING LISTS, USER EXPERIENCE DESIGN SOFTWARE, AND DISCUSSION BOARDS. ALL OF THESE SERVICES ARE IN SIGNIFICANT USE OF FOUNDATION COMMUNITIES.
ADMINISTRATIVE INFRASTRUCTION & COMMUNITY FORMATION - THE FOUNDATION PROVIDES A LEGAL, NOT-FOR-PROFIT CORPORATE STRUCTURE TO PROVIDE ADMINISTRATIVE FUNCTIONS TO THE FOUNDATION'S COMPONENT SOFTWARE DEVELOPMENT PROJECTS. THIS INCLUDES LEGAL ADVISING ON LICENSING AND INTELLECTUAL PROPERTY RIGHTS, BANKING AND ACCOUNTING FUNCTIONS, WEB PRESENCE AND OUTREACH, AND MEETING AND EVENT SUPPORT. THE FOUNDATION ALSO HAS SUCCESSFULLY ONBOARDED ADDITIONAL COMMUNITIES DURING THE YEAR TO EXPAND THE REACH AND IMPACT OF THE FOUNDATION EFFORTS. EXPENSES ARE MAINLY CONTRIBUTED EFFORTS BY FOUNDATION VOLUNTEERS TO EDUCATE POTENTIAL COMMUNITIES TO THE VALUE OF THE FOUNDATION, AND TO NEGOTIATE TERMS FOR JOINING THE FOUNDATION.
SOFTWARE DEVELOPMENT INFRASTRUCTION - THE FOUNDATION PROVIDES A SOPHISTICATED SOFTWARE DEVELOPMENT ENVIRONMENT FOR OUR CONSTITUENT PROJECT COMMUNITIES THAT INCLUDE CODE REPOSITORIES, SOFTWARE TESTING ENVIRONMENTS, SUPPORT FOR SPECIALIST CONSULTING, INFRASTRUCTURE FOR SERVERS, NETWORK IDENTITY, SOFTWARE LICENSE COMPLIANCE TOOLS AND STRUCTURES, AND OTHER AFFORDANCES TO IMPROVE COLLABORATIVE SOFTWARE DEVELOPMENT ACTIVITIES.
SOFTWARE DEVELOPMENT STAFFING & SUPPORT - THE FOUNDATION CREATES AN INFRASTRUCTRE FOR COMMUNITY INVESTMENT IN OPEN SOURCE SOFTWARE DEVELOPMENT. THE OLE COMMUNITY, A COMMUNITY OF THE FOUNDATION, IS A MEMBERSHIP COMMUNITY FOR LIBRARIES AND LIBRARY ORGANIZATIONS. THE OLE COMMUNITY RAISES CAPITAL, BOTH FINANCIAL AND HUMAN, TO INVEST IN OLE PROJECTS. THE CASH COMMITMENTS OF OLE PARTNERS ARE MANAGED BY THE FOUNDATION FOR THE BENEFIT OF THE OLE PARTNERS. THE CASH FROM OLE PARTNERS PAYS FOR CONTRIBUTED STAFF AND OTHER RELATED SOFTWARE DEVELOPMENT COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Carlson President | OfficerTrustee | 1 | $0 |
Scott Anderson Treasurer | OfficerTrustee | 5 | $0 |
Christopher Spaulding Secretary | OfficerTrustee | 1 | $0 |
Michael Winkler Board Member | OfficerTrustee | 1 | $0 |
Ginny Boyer Foundation Director | Officer | 1 | $0 |
Tom Cramer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $837,442 |
| Investment income | $2,303 |
| 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 | $917,024 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,808 |
| Fees for services: Accounting | $5,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $372 |
| Information technology | $26,652 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,205 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $454,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,883 |
| Savings and temporary cash investments | $480,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,500 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $916,192 |
| Accounts payable and accrued expenses | $133,577 |
| 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 | -$2,293 |
| Total liabilities | $131,284 |
| Net assets without donor restrictions | $784,908 |
| 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 | $784,908 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Library Foundation has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
Duke University Durham, NC PURPOSE: GENERAL SUPPORT | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Griffiss Institute Inc Rome, NY | $5,351,291 | $13,272,090 |
National Cyber Forensics And Training Alliance Pittsburgh, PA | $13,130,899 | $8,876,225 |
Powermylearning Inc New York, NY | $8,303,195 | $9,294,963 |
Software Freedom Conservancy Inc Brooklyn, NY | $6,623,240 | $4,357,006 |
Society For Management Information Systems Mount Laurel, NJ | $1,533,755 | $2,485,460 |
New York City Foundation For Computer Science Education New York, NY | $1,500,469 | $2,506,361 |
Apache Software Foundation Wilmington, DE | $4,279,071 | $1,765,183 |
National Information Standards Organization Z39 Baltimore, MD | $521,877 | $1,172,715 |
Entropy Software Foundation Inc Woodbury, NY | $186,783 | $920,000 |
Ethereum Classic Cooperative Llc New York, NY | $5,145,057 | $5,191,092 |
Open Library Foundation Philadelphia, PA | $916,192 | $917,024 |
Software In The Public Interest Inc New York, NY | $3,096,266 | $522,719 |