Open Source Collective
- Assets
- $11.2m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Covina, CA
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-2037583
Organization Overview
Open Source Collective is located in Covina, CA. The organization was established in 2018. According to its NTEE Classification (Y11) the organization is classified as: Single Organization Support, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Source Collective 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 12/2022, Open Source Collective generated $12.3m in total revenue. All expenses for the organization totaled $8.4m during the year ending 12/2022. While expenses have increased by 180.5% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUSTAINING OPEN SOURCE FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK WITH OTHER ORGANIZATIONS TO PROMOTE SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pia Mancini President | OfficerTrustee | 2 | $0 |
Justin Dorfman Secretary | OfficerTrustee | 2 | $0 |
Benjamin Nickolls Treasurer | OfficerTrustee | 40 | $41,438 |
Alyssa Wright Director | Trustee | 2 | $600 |
Henry Zhu Director | Trustee | 2 | $6,000 |
Samson Goddy Director | Trustee | 40 | $41,679 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oddbird Web Performance Services | 12/30/22 | $489,943 |
Da Development Web Development Services | 12/30/22 | $130,500 |
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 | $11,205,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,205,545 |
| Total Program Service Revenue | $963,810 |
| Investment income | $101,115 |
| 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 | $12,270,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $124,708 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,705 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,717 |
| Compensation of current officers, directors, key employees. | $26,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,716 |
| Payroll taxes | $14,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,585 |
| Fees for services: Accounting | $39,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,019,165 |
| Advertising and promotion | $0 |
| Office expenses | $7,118 |
| Information technology | $604 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,246 |
| 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 | $1,757 |
| All other expenses | $20,738 |
| Total functional expenses | $8,407,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,190,799 |
| Savings and temporary cash investments | $0 |
| 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 | $11,190,799 |
| Accounts payable and accrued expenses | $66,501 |
| 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 | $33,127 |
| Other liabilities | $465,054 |
| Total liabilities | $564,682 |
| Net assets without donor restrictions | $10,626,117 |
| 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 | $11,190,799 |
Grants Awarded
Over the last fiscal year, Open Source Collective has awarded $16,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CURIOUS LEARNING PURPOSE: TO SUPPORT THE MISSION | $9,000 |
REDOCLY PURPOSE: TO SUPPORT THE MISSION | $7,350 |