Civic Intelligence

Openpower Foundation

990 • Fiscal year 2014 • EIN 46-4627734

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 30, 2015

Organization ProfileOPENPOWERFOUNDATION.ORG
445 Hoes LanePiscataway, NJ 08854

(732) 465-6612

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.37x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.48x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

99th percentile

82%

Higher net margin than 99% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets71st percentile

Assets

$2,002,180

No earlier filing loaded for comparison.

Net Assets

$1,262,554

No earlier filing loaded for comparison.

Liabilities

$739,626

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin99th percentile

Revenue

$1,540,416

No earlier filing loaded for comparison.

Expenses

$277,862

No earlier filing loaded for comparison.

Net Income

$1,262,554

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $2,002,180Liabilities 2014: $739,626Net Assets 2014: $1,262,5542014Assets 2015: $3,096,977Liabilities 2015: $585,285Net Assets 2015: $2,511,6922015Assets 2016: $3,528,854Liabilities 2016: $573,679Net Assets 2016: $2,955,1752016Assets 2017: $3,906,694Liabilities 2017: $476,907Net Assets 2017: $3,429,7872017Assets 2018: $3,049,880Liabilities 2018: $413,084Net Assets 2018: $2,636,7962018Assets 2019: $2,873,350Liabilities 2019: $891,550Net Assets 2019: $1,981,8002019Assets 2020: $2,482,849Liabilities 2020: $635,012Net Assets 2020: $1,847,8372020Assets 2021: $2,537,738Liabilities 2021: $447,951Net Assets 2021: $2,089,7872021Assets 2022: $2,424,700Liabilities 2022: $551,379Net Assets 2022: $1,873,3212022Assets 2023: $1,978,422Liabilities 2023: $213,852Net Assets 2023: $1,764,5702023Assets 2024: $1,667,977Liabilities 2024: $188,695Net Assets 2024: $1,479,2822024

Highlighted filing

2014

Assets$2,002,180
Liabilities$739,626
Net Assets$1,262,554
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,540,416Expenses 2014: $277,862Net Income 2014: $1,262,5542014Revenue 2015: $2,028,749Expenses 2015: $779,611Net Income 2015: $1,249,1382015Revenue 2016: $2,194,172Expenses 2016: $1,750,689Net Income 2016: $443,4832016Revenue 2017: $1,796,666Expenses 2017: $1,322,054Net Income 2017: $474,6122017Revenue 2018: $1,455,252Expenses 2018: $2,248,243Net Income 2018: -$792,9912018Revenue 2019: $981,111Expenses 2019: $1,636,107Net Income 2019: -$654,9962019Revenue 2020: $642,531Expenses 2020: $776,494Net Income 2020: -$133,9632020Revenue 2021: $1,012,417Expenses 2021: $770,467Net Income 2021: $241,9502021Revenue 2022: $615,833Expenses 2022: $832,299Net Income 2022: -$216,4662022Revenue 2023: $378,583Expenses 2023: $487,334Net Income 2023: -$108,7512023Revenue 2024: $200,889Expenses 2024: $486,177Net Income 2024: -$285,2882024

Highlighted filing

2014

Revenue$1,540,416
Expenses$277,862
Net Income$1,262,554
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 30, 2015
Return Version
2014v5.0
Gross Receipts
$1,540,416
Mission and Program Overview

Mission

To create an open ecosystem using the power architecture to share expertise, investment, and server-class intellectual property to serve the evolving needs of industry.

To create an open ecosystem using the power architecture to share expertise, investment and ip to serve the evolving needs of industry and customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$1,745,038▲ $1,745,038
Prepaid Expenses and Deferred Charges$0$224,681▲ $224,681
Accounts Receivable$0$25,000▲ $25,000
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$0$2,002,180▲ $2,002,180
Other Assets Total$0$7,461▲ $7,461
Liabilities
Deferred Revenue$0$694,584▲ $694,584
Accounts Payable and Accrued Expenses$0$45,042▲ $45,042
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$739,626▲ $739,626
Net Assets / Fund Balance
Unrestricted Net Assets$0$1,262,554▲ $1,262,554
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$1,262,554▲ $1,262,554
Total Liabilities and Net Assets / Fund Balance$0$2,002,180▲ $2,002,180
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Gordon MackeanChairman
Brad MccrediePresident
Michael DiamondVice President & Treasurer
Albert MuDirector
David GambaDirector
Gilad ShainerDirector
Gordon PatrickDirector
John ZannosDirector
Kenneth MaDirector
Lixin ZhangDirector
Mike WilliamsDirector
Michelle HuntExecutive Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Ieee-istoProgram Support5 HOES LANE, Piscataway, NJ 08854$242,399
Nvidia CorporationMember Meetings2701 SAN TOMAS EXPRESSWAY, Santa Clara, CA 95050$187,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,540,416
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,262,554

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,540,416
Total Revenue per Audited Statements
$1,540,416
Total Revenue per Form 990
$1,540,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,862
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$223,171
Fees for Services Legal---$25,180
Information Technology---$18,417
Advertising---$3,994
Office Expenses---$2,993
Conferences and Meetings---$2,671
Insurance---$1,436
Total Functional Expenses$0$0$0$277,862

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$277,862
Total Expenses per Audited Statements$277,862
Total Expenses per Form 990$277,862
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 has been circulated to all members of the board of directors before filing.”

Form 990, Part VI Section C line 19

“The corporation's governing documents are available to the public on the corporation's website. The corporation's financial statements are contained in the 990 which are available upon request.”

Filing and Contact Details

Filer

Filer Name
OpenPOWER Foundation
EIN
46-4627734
In Care Of
% JANET MALASIG
Phone
7324656612
Address
445 HOES LANE, PISCATAWAY, NJ 08854

Signing Officer

Name
Michelle Hunt
Title
Executive Director
Phone
7324655807
Signed
2015-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Hunt
Formed
2013
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
500

Preparer

Firm
WithumSmithBrown PC
Address
1 SPRING STREET, NEW BRUNSWICK, NJ 08901
Preparer
James Decker
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

“Description:monthly support total fees:223171”

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

“Openpower foundation is exempt from federal and state income taxes under section 501(c)(6) of the internal revenue code. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. The organization has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a) of the internal revenue code. Openpower foundation had no unrecognized tax benefits at december 31, 2014. In addition, the organization had no income tax related penalties or interest for periods presented in these finanical statements.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO CREATE AN OPEN ECOSYSTEM USING THE POWER ARCHITECTURE TO SHARE EXPERTISE, INVESTMENT, AND SERVER-CLASS INTELLECTUAL PROPERTY TO SERVE THE EVOLVING NEEDS OF INDUSTRY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
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IRS990/NetAssetsOrFundBalancesEOYAmt01262554
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt02993
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt07461
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0224681
IRS990/PrincipalOfficerNm0MICHELLE HUNT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0813910
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01540416
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01540416
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01262554
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0277862
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/RevenueSubtotalAmt01540416
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OPENPOWER FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. OPENPOWER FOUNDATION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2014. IN ADDITION, THE ORGANIZATION HAD NO INCOME TAX RELATED PENALTIES OR INTEREST FOR PERIODS PRESENTED IN THESE FINANICAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0277862
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt01540416
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01540416
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0277862
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 HAS BEEN CIRCULATED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON THE CORPORATION'S WEBSITE. THE CORPORATION'S FINANCIAL STATEMENTS ARE CONTAINED IN THE 990 WHICH ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION:MONTHLY SUPPORT TOTAL FEES:223171
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI Section C line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART IX LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalAssetsGrp/EOYAmt02002180
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0277862
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0739626
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0739626
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01540416
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01540416
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01540416
IRS990/TotalVolunteersCnt0500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02002180
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01262554
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0445 HOES LANE
IRS990/USAddress/CityNm0PISCATAWAY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008854
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0HTTP://OPENPOWERFOUNDATION.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,002,180
Liabilities
$739,626
Net assets
$1,262,554
Revenue
$1,540,416
Expenses
$277,862
Net income
$1,262,554
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.19$1.48$0.20$0.49$0.29
2023Detailed filing. Detailed filing data is available for this year.$1.98$0.21$1.76$0.38$0.49$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.42$0.55$1.87$0.62$0.83$0.22
2021Detailed filing. Detailed filing data is available for this year.$2.54$0.45$2.09$1.01$0.77$0.24
2020Detailed filing. Detailed filing data is available for this year.$2.48$0.64$1.85$0.64$0.78$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.87$0.89$1.98$0.98$1.64$0.65
2018Detailed filing. Detailed filing data is available for this year.$3.05$0.41$2.64$1.46$2.25$0.79
2017Detailed filing. Detailed filing data is available for this year.$3.91$0.48$3.43$1.80$1.32$0.47
2016Detailed filing. Detailed filing data is available for this year.$3.53$0.57$2.96$2.19$1.75$0.44
2015Detailed filing. Detailed filing data is available for this year.$3.10$0.59$2.51$2.03$0.78$1.25
2014Detailed filing. Detailed filing data is available for this year.$2.00$0.74$1.26$1.54$0.28$1.26