Opencollective Foundation

“Pia mancini is a current board president of ocf as well as an executive on the management team of open collective, inc. Alanna irving is the executive director of ocf as well as an executive on the management team of open collective inc. Caroline woolard is a key employee as well as an executive on the management team of open collective, inc.”

“Alanna irving, as the executive director, has operated as an independent contractor through her company, protozoa ltd.”

“In june 2022, ocf became aware that it was a victim of fraud by an unknown person(s) who stole funds from ocf's bank account, which ocf ultimately recovered in august and september 2022. Based on ocf's internal investigation, ocf believes that several months ago, the unknown person(s) improperly gained access to ocf's bank account through an online third-party payment platform. The unknown person(s) used the third-party platform to request access to ocf's bank account, which was ultimately granted without ocf's knowledge or consent. Ocf's own software (called open collective) was not penetrated or involved in any way with the fraud. Over the course of several months, the unknown person (s) used their access to ocf's bank account through the third-party payment platform to withdraw funds from ocf's bank account. The unknown person(s) stole a total of $581,660.44. The unknown person(s) initially evaded detection from ocf's accountants and ocf by withdrawing these funds through multiple relatively small transactions over time that were disguised amongst the thousands of legitimate transactions ocf processed through the same third-party platform during the same period. Ocf reported the fraud to its board as soon as we became aware of it in june 2022, conducted an internal investigation, hired outside counsel, and also reported the fraud to law enforcement and the relevant financial institutions. Ocf worked through the bank's existing mechanisms and the relevant third-party payment platform. Those institutions conducted investigations, and ultimately, in two transactions in august and september 2022, the institutions returned to ocf $563,860.44. Since this incident, ocf has made a transparent public statement about the incident, strengthened its internal controls and training, and is committed to continually improving its systems and maintaining heightened awareness and defense mechanisms against the ever-increasing risks of fraud. Ocf remains willing to cooperate with law enforcement to work towards identifying and prosecuting the fraudster to the full extent of the law.”

“The 990 will be reviewed by the staff on the finance team and the board of directors prior to being filed. If there are any material changes, an amended 990 will be filed. The 990 will be available for public view on our website after it is filed.”

“The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information.”

“Financial statements are available on the organization's website, other documents are made available to the public upon request.”

“Administrative: program service expenses 931,424. Management and general expenses 0. Fundraising expenses 0. Total expenses 931,424. Artistic & curatorial: program service expenses 397,610. Management and general expenses 0. Fundraising expenses 0. Total expenses 397,610. General consulting: program service expenses 229,750. Management and general expenses 0. Fundraising expenses 0. Total expenses 229,750. Honoraria: program service expenses 516,471. Management and general expenses 0. Fundraising expenses 0. Total expenses 516,471. Research: program service expenses 230,954. Management and general expenses 0. Fundraising expenses 0. Total expenses 230,954. Teaching: program service expenses 162,274. Management and general expenses 0. Fundraising expenses 0. Total expenses 162,274. Contractors: program service expenses 27,281. Management and general expenses 22,839. Fundraising expenses 0. Total expenses 50,120. Payroll processing: program service expenses 7,404. Management and general expenses 1,688. Fundraising expenses 0. Total expenses 9,092. Other professional services: program service expenses 175,873. Management and general expenses 0. Fundraising expenses 0. Total expenses 175,873.”

“This process has not changed from the prior year.”

“The following amendments were made primarily to adjust the classification of income and grant expenses and restate descriptions noted after the filing deadline: page 1, current year line 8 increased by $556,253 page 1, current year line 9 increased by $498,960 page 1, current year line 10 increased by $86,061 page 1, current year line 11 decreased by $86,061 page 1, current year line 12 increased by $1,055,213 page 1, current year line 13 increased by $8,349,950 page 1, current year line 15 decreased by $1 page 1, current year line 17 decreased by $8,289,735 page 1, current year line 18 increased by $60,214 page 1, current year line 19 increased by $994,999 page 1, current year line 20 end of year increased by $995,000 page 1, current year line 21 end of year increased by $1 page 1, current year line 22 end of year increased by $994,999 page 1, current year line 4a expenses increased by $175,486 page 1, current year line 4a grants increased by $8,349,950 page 2, current year line 4a expenses increased by $175,486 page 2, current year line 4a grants increased by $8,349,950 page 2, current year line 4a revenue increased by $498,960 page 3 part iv, line 11 f changed to yes page 3 part iv, line 12 a changed to yes page 3 part iv, line 28 a changed to yes page 6 vi, line 5 changed to yes and description added to schedule o page 7 part vii, pia manchini's column d increased by $25,458 page 8, part vii, line 1b column d increased by $25,458 page 8, part vii, line 1d column d increased by $25,458 page 9, part viii, line 1f increased by $556,253 page 9, part viii, line 1g increased by $227,899 page 9, part viii, line 1h increased by $556,253 page 9, part viii, line 2a, added program revenue of $498,960 page 9, part viii, line 3 increased by $86,061 page 9, part viii, line 11a decreased by $86,061 page 9, part viii, line 12, column a increased by $1,055,213 page 9, part viii, line 12, column b increased by $489,960 page 10 part ix, line 1, column a decreased by $264,274 page 10 part ix, line 1, column b decreased by $264,274 page 10 part ix, line 3, column a increased by $8,614,224 page 10 part ix, line 3, column b increased by $8,614,224 page 10 part ix, line 5, column a decreased by $126,675 page 10 part ix, line 5, column b decreased by $66,926 page 10 part ix, line 5, column c decreased by $59,749 page 10 part ix, line 7, column a increased by $126,675 page 10 part ix, line 7, column b increased by $263,948 page 10 part ix, line 7, column c decreased by $137,273 page 10 part ix, line 9, column a decreased by $1 page 10 part ix, line 9, column b increased by $14,464 page 10 part ix, line 9, column c decreased by $14,465 page 10 part ix, line 10, column b increased by $17,358 page 10 part ix, line 10, column c decreased by $17,358 page 10 part ix, line 11b, column a increased by $80,404 page 10 part ix, line 11b, column b increased by $80,404 page 10 part ix, line 11c, column a increased by $735 page 10 part ix, line 11c, column b increased by $735 page 10 part ix, line 11g, column a decreased by $10,120,263 and detail added to schedule o page 10 part ix, line 11g, column b decreased by $10,094,670 and detail added to schedule o page 10 part ix, line 11g, column c decreased by $25,593 and detail added to schedule o page 10 part ix, line 12, column a increased by $238,946 page 10 part ix, line 12, column b increased by $206,215 page 10 part ix, line 12, column c increased by $32,731 page 10 part ix, line 13, column a increased by $388,266 page 10 part ix, line 13, column b increased by $305,938 page 10 part ix, line 13, column c increased by $82,328 page 10 part ix, line 14, column a increased by $1,414,561 page 10 part ix, line 14, column b increased by $1,411,793 page 10 part ix, line 14, column c decreased by $2,768 page 10 part ix, line 16, column a decreased by $189,135 page 10 part ix, line 16, column b decreased by $183,253 page 10 part ix, line 16, column c decreased by $5,882 page 10 part ix, line 17, column b decreased by $72”