Civic Intelligence

Openai Foundation Fka Openai Inc

990 • Fiscal year 2023 • EIN 81-0861541

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

1455 3rd StSan Francisco, CA 94158

(415) 879-9686

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.07x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.29x

Higher debt load relative to revenue than 54% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$397,354

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

78th percentile

21%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

11956%

Faster revenue growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$22,678,253

Up $3,882,669 (+21%) from 2022

Net Assets

Up

$21,132,340

Up $2,496,402 (+13%) from 2022

Liabilities

Up

$1,545,913

Up $1,386,267 (+868%) from 2022

Revenue

Up

$5,363,248

Up $5,318,763 (+11956%) from 2022

Expenses

Up

$2,866,846

Up $1,572,697 (+122%) from 2022

Net Income

Up

$2,496,402

Up $3,746,066 (+300%) from 2022

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2016: $2,662,055Liabilities 2016: $92,657Net Assets 2016: $2,569,3982016Assets 2017: $10,488,224Liabilities 2017: $3,358,389Net Assets 2017: $7,129,8352017Assets 2018: $25,926,281Liabilities 2018: $23,753,896Net Assets 2018: $2,172,3852018Assets 2019: $31,040,138Liabilities 2019: $267,941Net Assets 2019: $30,772,1972019Assets 2020: $21,376,567Liabilities 2020: $113,129Net Assets 2020: $21,263,4382020Assets 2021: $19,976,363Liabilities 2021: $90,761Net Assets 2021: $19,885,6022021Assets 2022: $18,795,584Liabilities 2022: $159,646Net Assets 2022: $18,635,9382022Assets 2023: $22,678,253Liabilities 2023: $1,545,913Net Assets 2023: $21,132,3402023Assets 2024: $14,665,036Liabilities 2024: $616,733Net Assets 2024: $14,048,3032024

Highlighted filing

2023

Assets$22,678,253
Liabilities$1,545,913
Net Assets$21,132,340

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2016: $13,807,074Expenses 2016: $11,237,676Net Income 2016: $2,569,3982016Revenue 2017: $33,228,665Expenses 2017: $28,668,228Net Income 2017: $4,560,4372017Revenue 2018: $49,968,631Expenses 2018: $51,549,009Net Income 2018: -$1,580,3782018Revenue 2019: $31,932,729Expenses 2019: $3,332,917Net Income 2019: $28,599,8122019Revenue 2020: $3,481,784Expenses 2020: $12,990,543Net Income 2020: -$9,508,7592020Revenue 2021: $11,728Expenses 2021: $1,389,564Net Income 2021: -$1,377,8362021Revenue 2022: $44,485Expenses 2022: $1,294,149Net Income 2022: -$1,249,6642022Revenue 2023: $5,363,248Expenses 2023: $2,866,846Net Income 2023: $2,496,4022023Revenue 2024: $691,271Expenses 2024: $7,775,308Net Income 2024: -$7,084,0372024

Highlighted filing

2023

Revenue$5,363,248
Expenses$2,866,846
Net Income$2,496,402
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$5,363,248
Mission and Program Overview

Mission

OpenAIs goal is to advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return. We think that artificial intelligence technology will help shape the 21st century, and we want to help the world build safe AI technology and ensure that AI's benefits are as widely and evenly distributed as possible.

OpenAIs mission is to build general-purpose artificial intelligence (AI) that safely benefits humanity, unconstrained by a need to generate financial return. OpenAI believes that artificial intelligence technology has the potential to have a profound, positive impact on the world, so our goal is to develop and responsibly deploy safe AI technology, ensuring that its benefits are as widely and evenly distributed as possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,082,640$20,742,381▲ $19,659,741
Savings and Temporary Cash Investments$15,535,676$0▼ $15,535,676
Prepaid Expenses and Deferred Charges$1,016,336$0▼ $1,016,336
Intangible Assets-$233,142-
Land, Buildings, and Equipment, Net$80,529$93,732▲ $13,203
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$18,795,584$22,678,253▲ $3,882,669
Other Assets Total$1,080,403$1,608,998▲ $528,595
Liabilities
Accounts Payable and Accrued Expenses$159,646$1,545,913▲ $1,386,267
Total Liabilities$159,646$1,545,913▲ $1,386,267
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,635,938$21,132,340▲ $2,496,402
Total Net Assets Fund Balance$18,635,938$21,132,340▲ $2,496,402
Total Liabilities and Net Assets / Fund Balance$18,795,584$22,678,253▲ $3,882,669

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$89,020$267,340$356,360
Other Land Buildings$4,712$6,138$10,850
Equipment-$2,347$2,347
Other Assets Org$1,608,998--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg Brockman See Schedule ODirectorPT-$85,184$85,184
Sam Altman See Schedule ODir/Pres/CEOPT-$76,001$76,001
Chris ClarkSec/TresPT$50,000$347,354$50,000
Emmett Shear See Schedule OCEOFT$3,720-$3,720
Revenue and Support

Revenue Composition

Contributions and Grants
$5,023,159
Program Service Revenue
$0
Investment Income
$340,089
Other Revenue
$0
All Other Contributions
$5,023,159
Change in Net Assets
$2,496,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,641,712
Other Expenses$225,134
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,209,666--$2,209,666
Foreign Grants$326,046--$326,046
Fees for Services Accounting-$152,290-$152,290
Grants to Domestic Individuals$106,000--$106,000
Office Expenses$12,577$10,336-$22,913
Depreciation Depletion$21,648$1,139-$22,787
Conferences and Meetings-$10,375-$10,375
Fees for Services Legal-$7,685-$7,685
Other Expenses-$25-$25
Total Functional Expenses$2,675,937$190,909$0$2,866,846
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New York UniversityNew York, NY501(c)(3)Ethics & Journalism Grant$395,000
Center for AI Safety IncSan Francisco, CA501(c)(3)Research to ensure AI Safety$333,333
Duke UniversityDurham, NC501(c)(3)Research AI Morality$333,333
Operation Hope IncAtlanta, GA501(c)(3)Research AI Economic Opportunity$250,000
Harvard CollegeBoston, MA501(c)(3)Democratic AI Inputs Grant$110,000
University of Illinois FdnSt Urbana, IL501(c)(3)Inclusive.AI Gifts$110,000
University of MichiganAnn Arbor, MI501(c)(3)Democratic AI Processes Grant$110,000
University of WashingtonSeattle, WA-Democratic AI Inputs Grant$108,000
Energize AI IncCambridge, MA501(c)(3)Democratic AI Inputs Grant$106,000
Inst for Meaning AlignmentWayland, MA501(c)(3)Democratic Fine-tuning Grant$104,000
AI to Benefit PeopleSan Francisco, CA501(c)(3)Democratic AI Inputs Grant$100,000
Khan Academy IncMountain View, CA501(c)(3)Khanmigo for School Districts$100,000
Creative Commons CorporationMountain View, CA501(c)(3)Research Support$50,000

International Summary

Spending
$326,046

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrantmaking-00$182,000
East AsiaGrantmaking-00$144,046
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
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members of the Organization are the individuals that serve from time to time as the directors of the Organization.

Form 990, Part VI, Section A, Line 7A

The members of the Organization are the individuals that serve from time to time as the directors of the Organization. The directors of the Organization are elected by the members.

Form 990, Part VI, Section A, Line 7B

The members of the Organization elect the directors of the Organization and approve amendments to the governing documents, as well as certain material transactions.

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

The Form 990 is reviewed and approved by the Audit Committee of the board of directors, consisting solely of independent directors. Upon approval by the Audit Committee, the Form 990 is provided to all members of the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

The Secretary reminds board members and officers annually of the policy and answers any questions the board or officers may have.

Form 990, Part VI, Section C, Line 19

No documents available to the public except as required by law.

Form 990 Part VII, Section A, Line 1A

Ilya Sutskever (Director Through November 29,2023)Greg Brockman (Director Through November 19, 2023)Sam Altman (Director & CEO Through November 19,2023 and CEO From November 29, 2023)Emmett Shear (CEO From November 19, 2023 Through November 29, 2023)Reid Hoffman (Director Through February 6, 2023)Shivon Zilis (Director Through February 25, 2023)Will Hurd (Director Through May 31, 2023)Bret Taylor (Director/Chair From November 29, 2023)Lawrence Summers (Director From November 29, 2023)Tasha McCauley (Director Through November 29, 2023)Helen Toner (Director Through November 29, 2023)

Form 990, Part VI, Section B, Line 15A

The compensation of Sam Altman was paid or reimbursed by a related organization.The compensation of Emmett Shear was paid or reimbursed by a related organization.

Form 990, Part VI, Section B, Line 15B

The compensation of other officers and key employees are paid or reimbursed by a related organization.

Form 990, Part VI, Section B, Line 16A

The Organization does not have a written joint venture policy with its controlled for-profit subsidiaries, but took extensive steps to safeguard its exempt status, including maintaining control of the for-profit subsidiaries to ensure that the subsidiaries furthers the Organizations exempt purposes, requiring the subsidiaries to have terms in its governing documents to give priority to exempt purposes over maximizing profits for the other participants, setting up a structure where activities of the for-profit subsidiaries would not flow through to the Organization, and requiring all contracts entered into with the organization to be on terms that are at arm's length or more favorable to the Organization.

Filing and Contact Details

Filer

Filer Name
OpenAI Inc
EIN
81-0861541
Phone
4158799686
Address
1455 3rd St, San Francisco, CA 94158

Signing Officer

Name
Sam Altman
Title
Dir/Pres/CEO
Signed
2024-11-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Sam Altman
Formed
2015
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
2

Preparer

Firm
Fontanello Duffield & Otake LLP
Address
44 Montgomery Street Suite 1305, San Francisco, CA 94104
Preparer
Antonio Tellez Jr
Phone
4159830200
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

There is no provision for federal or state taxes on income since the Organization is a tax-exempt entity under Internal Revenue Codes 501(c)(3) and California Revenue and Taxation Code 23701(d). The Organization has evaluated its current tax position and has concluded that as of December 31, 2023, the Organization does not have any uncertain tax positions for which a reserve would be necessary and no unrelated business taxable income arising from its activities.

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IRS990/Desc0Since its founding, OpenAI, Inc. (the Organization) has undertaken a wide range of charitable initiatives, such as sponsoring a comprehensive basic income study, supporting economic impact research, and experimenting with education-centered programs like OpenAI Scholars. The Organizations efforts also included supporting a number of other public charities focused on technology, economic impact and justice. More recently, the Organization forged partnerships with Duke University, New York University's Arthur L. Carter Journalism Institute, the American Journalism Project, Operation HOPE, and other research organizations to sponsor additional AI research and impact projects. The Organization remains the governing body for all of OpenAI and holds an interest in OpenAIs operating entities. Each of the Organizations related organizations is legally bound to pursue the Organizations mission.Through its control of the OpenAI for-profit entities, additional milestones were accomplished in 2023 including:Publishing widely-impactful research on AI capabilities, safety, and policy, such as the GPT-4 Technical Report and Preparedness Framework. Advancing its longstanding and ongoing safety research initiatives into the mainstream, including research on system cards, societal risks research, external expert red teaming, and CBRN evaluations.Providing over $15M of financial support in the forms of grants and Applicable Programming Interface credits to social benefit organizations, nonprofit organizations, and research sponsorships.Deploying state-of-art models like GPT-4, which were widely considered a step change improvement in language model capabilities. Advanced language models were made available to the public free of charge via the ChatGPT application, including features such as voice mode.These contributions to the advancement of AI technology, along with the continuous study on the broader societal impact of AI, are critical steps in moving the Organization towards the development of safe, effective, and productive general-purpose artificial intelligence that benefits all humanity.
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IRS990/Form990PartVIISectionAGrp/PersonNm3Sam Altman See Schedule O
IRS990/Form990PartVIISectionAGrp/PersonNm4Emmett Shear See Schedule O
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IRS990/Form990PartVIISectionAGrp/PersonNm10Lawrence Summers See Sched O
IRS990/Form990PartVIISectionAGrp/PersonNm11Tasha McCauley See Sched O
IRS990/Form990PartVIISectionAGrp/PersonNm12Helen Toner See Schedule O
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IRS990/MissionDesc0OpenAIs mission is to build general-purpose artificial intelligence (AI) that safely benefits humanity, unconstrained by a need to generate financial return. OpenAI believes that artificial intelligence technology has the potential to have a profound, positive impact on the world, so our goal is to develop and responsibly deploy safe AI technology, ensuring that its benefits are as widely and evenly distributed as possible.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0There is no provision for federal or state taxes on income since the Organization is a tax-exempt entity under Internal Revenue Codes 501(c)(3) and California Revenue and Taxation Code 23701(d). The Organization has evaluated its current tax position and has concluded that as of December 31, 2023, the Organization does not have any uncertain tax positions for which a reserve would be necessary and no unrelated business taxable income arising from its activities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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