Openet Inc
- Assets
- $555.6k
- Revenue
- $759.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- Data as of
- 09/2023
- EIN
- 87-2247137
Organization Overview
Openet Inc is located in Las Vegas, NV. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Openet Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPENET USES BEST AVAILABLE SCIENCE TO PROVIDE EASILY ACCESSIBLE SATELLITE-BASED EVAPOTRANSPIRATION (ET) DATA FOR IMPROVED WATER MANAGEMENT ACROSS THE WESTERN UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DATA PRODUCTION:BUILDING ONTO DATA PREVIOUSLY PRODUCED FOR THE ENTIRE WESTERN US FROM 2016 FORWARD, IN THIS TAX PERIOD OPENET HAS GENERATED AND REVIEWED DATA FOR: THE MISSISSIPPI ALLUVIAL PLANE, DECADES OF HISTORICAL DATA FOR THE STATES OF OR, UT, AS WELL AS THE UPPER CO RIVER BASIN. OPENET HAS ALSO HAS REVIEWED AND PUSHED THIS DATA TO THE GOOGLE EARTH ENGINE PUBLIC DATA CATALOG.
USER SUPPORT:DURING THE TAX PERIOD, OPENET HAS CONTINUED TO PROVIDE SUPPORT SERVICES TO AGENCIES AND USERS ACROSS THE US. THIS SERVICE COMES IN THE FORM OF DATA CONSULTING SERVICES FOR DATA ACQUISITION AND APPLICATION, IN ADDITION TO SERVICES VIA HUBSPOT TICKET MANAGEMENT SYSTEM.
UI MAINTENANCE AND UPDATES:LAUNCH OF THE APPLICATION PROGRAMING INTERFACE OCCURRED IN THIS TAX PERIOD, AS WELL AS MAINTENANCE AND UPDATES OF UI PLATFORMS, INCLUDING THE API AND THE DATA EXPLORER. UPDATES TO THESE PLATFORMS ARE CONSISTENTLY IMPLEMENTED TO IMPROVE SPEED AND USER EXPERIENCE. THESE IMPROVEMENTS INCLUDE UPDATES TO THE GEODATABASE, CLOUD PROCESSING IMPROVEMENTS, AND UPDATES TO THE DATA EXPLORER BACKEND.
RESEARCH:SPECIAL RESEARCH TOPICS DURING THIS PERIOD INCLUDE: ACCURACY ASSESSMENTS COMPARING OPENET DATA TO GROUND BASED EDDY-COVARIANCE DATA; DAILY LOW LATENCY LAND SURFACE TEMPERATURE DATA GENERATION/EVALUATION; MODEL UPDATES AND IMPROVEMENTS TO ACCOUNT FOR PERSISTENT BIASES; METHODOLOGY FOR DEVELOPING EFFECTIVE PRECIPITATION LAYER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joya Banerjee Board Chair Indep. Consultant | OfficerTrustee | 4 | $0 |
Maurice Hall Exec. Dir., Treasurer, Secretary | OfficerTrustee | 35 | $0 |
Ann Castle Board Member | Trustee | 2 | $0 |
Albert Cho Board Member | Trustee | 2 | $0 |
Louis Villa Board Member | Trustee | 2 | $0 |
Robin Grimm Executive Director | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Habitatseven Data Software-design And Development Sup | 9/29/23 | $150,000 |
Culp & Kelly Llp Ck Blueshift Legal Fees | 9/29/23 | $136,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,403 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,398 |
| Total Program Service Revenue | $385,592 |
| Investment income | $0 |
| 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 | $758,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,177,844 |
| 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 | $0 |
| Fees for services: Legal | $222,678 |
| Fees for services: Accounting | $62,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,921 |
| Advertising and promotion | $0 |
| Office expenses | $7 |
| Information technology | $23,597 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $751 |
| 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 | $6,855 |
| All other expenses | $0 |
| Total functional expenses | $1,717,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $256,114 |
| 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 | $547 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,100 |
| Total assets | $555,635 |
| Accounts payable and accrued expenses | $244,876 |
| 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 | $244,876 |
| Net assets without donor restrictions | $250,759 |
| Net assets with donor restrictions | $60,000 |
| 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 | $555,635 |
Grants Awarded
Over the last fiscal year, Openet Inc has awarded $1,177,844 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DESERT RESEARCH INSTITUTE (DRI) PURPOSE: DATA SERVICES | $773,080 |
UNIVERSITY CORPORATION AT MONTEREY BAY PURPOSE: DATA SERVICES | $374,358 |
MISSISSIPI STATE UNIVERSITY PURPOSE: DATA SERVICES | $30,406 |