Civic Intelligence

Open Library Foundation Inc

990 • Fiscal year 2024 • EIN 81-4396672

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 06, 2025

701 Cathedral Road Suite 45-253Philadelphia, PA 19128

(717) 871-7030

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.06x

Higher debt load relative to assets than 63% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.07x

Higher debt load relative to revenue than 66% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

59th percentile

9.7%

Higher net margin than 59% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

32nd percentile

-2.3%

Faster asset growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$675,649

Down $15,934 (-2.3%) from 2023

Net Assets

Up

$635,915

Up $54,905 (+9.4%) from 2023

Liabilities

Down

$39,734

Down $70,839 (-64%) from 2023

Revenue

Down

$566,537

Down $255,617 (-31%) from 2023

Expenses

Down

$511,632

Down $78,542 (-13%) from 2023

Net Income

Down

$54,905

Down $177,075 (-76%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2017: $369,036Liabilities 2017: $0Net Assets 2017: $369,0362017Assets 2018: $499,617Liabilities 2018: $130Net Assets 2018: $499,4872018Assets 2019: $319,933Liabilities 2019: $308,578Net Assets 2019: $11,3552019Assets 2020: $916,192Liabilities 2020: $131,284Net Assets 2020: $784,9082020Assets 2022: $372,297Liabilities 2022: $23,267Net Assets 2022: $349,0302022Assets 2023: $691,583Liabilities 2023: $110,573Net Assets 2023: $581,0102023Assets 2024: $675,649Liabilities 2024: $39,734Net Assets 2024: $635,9152024Assets 2025: $743,935Liabilities 2025: $16,723Net Assets 2025: $727,2122025

Highlighted filing

2024

Assets$675,649
Liabilities$39,734
Net Assets$635,915

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $795,689Expenses 2017: $406,703Net Income 2017: $388,9862017Revenue 2018: $1,015,312Expenses 2018: $884,861Net Income 2018: $130,4512018Revenue 2019: $1,359,863Expenses 2019: $1,467,995Net Income 2019: -$108,1322019Revenue 2020: $917,024Expenses 2020: $454,448Net Income 2020: $462,5762020Revenue 2022: $189,849Expenses 2022: $448,749Net Income 2022: -$258,9002022Revenue 2023: $822,154Expenses 2023: $590,174Net Income 2023: $231,9802023Revenue 2024: $566,537Expenses 2024: $511,632Net Income 2024: $54,9052024Revenue 2025: $843,542Expenses 2025: $752,245Net Income 2025: $91,2972025

Highlighted filing

2024

Revenue$566,537
Expenses$511,632
Net Income$54,905
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 6, 2025
Return Version
2023v6.0
Gross Receipts
$566,537
Mission and Program Overview

Mission

The foundation seeks to enable and support collaboration amoung librarians, technologists, designers, service providers and vendors to share expertise and resources and to create innovative new software and resources that support libraries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$426,646$542,387▲ $115,741
Accounts Receivable$92,750$64,750▼ $28,000
Prepaid Expenses and Deferred Charges$97,562$52,884▼ $44,678
Savings and Temporary Cash Investments$74,625$15,628▼ $58,997
Total Assets$691,583$675,649▼ $15,934
Liabilities
Deferred Revenue$33,260$35,050▲ $1,790
Accounts Payable and Accrued Expenses$77,313$4,684▼ $72,629
Total Liabilities$110,573$39,734▼ $70,839
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$260,260$475,415▲ $215,155
Net Assets With Donor Restrictions$320,750$160,500▼ $160,250
Total Net Assets Fund Balance$581,010$635,915▲ $54,905
Total Liabilities and Net Assets / Fund Balance$691,583$675,649▼ $15,934
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom CramerPresident
Agnese GaleffiBoard Member
Donna BaconBoard Member
Liu WeiBoard Member
Nancy KirkpatrickBoard Member
Sam BrooksBoard Member
Thorsten MeyerBoard Member
Christopher SpauldingSecretary
Stephanie BuckSenior Operations Officer
Jesse KoenneckeSenior Program Officer
Scott AndersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$481,345
Program Service Revenue
$82,660
Investment Income
$33
Other Revenue
$2,499
All Other Contributions
$194,183
Change in Net Assets
$54,905
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$511,632
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
Information Technology$281,549$31,283-$312,832
Conferences and Meetings$132,512$14,724-$147,236
Fees for Services Accounting$15,573$5,191-$20,764
Fees for Services Other$15,539--$15,539
Fees for Services Legal$2,654$885-$3,539
Other Expenses$2,000--$2,000
Office Expenses-$1,147-$1,147
Travel$475--$475
Total Functional Expenses$458,402$53,230$0$511,632
International Activity

International Summary

Offices
0
Employees
0
Spending
$143,340

International Compliance

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
Europe (including Iceland & Greenland)Program ServicesWOLFCON: THE FOUNDATION'S ANNUAL CONFERENCE00$143,340
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 draft will be distributed to all board members for review prior to filing. Since olf folio smllc and olf vufind smllc do not file a separate 990, this does not apply to them.

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

The secretary makes an annual call for updated document and quarterly reminders. At this time, olf folio smllc does not have a conflict of interest policy in place.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public on its website or upon request.

Filing and Contact Details

Filer

Filer Name
Open Library Foundation Inc
EIN
81-4396672
Phone
7178717030
Address
701 CATHEDRAL ROAD SUITE 45-253, PHILADELPHIA, PA 19128

Signing Officer

Name
Scott Anderson
Title
Treasurer
Phone
7178717030
Signed
2025-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Cramer
Formed
2016
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
40

Preparer

Firm
Gilliam Bell Moser Llp
Address
301 N ELM ST SUITE 400, GREENSBORO, NC 27401
Preparer
J Bradley Moser
Phone
3362276283
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt074625
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015628
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2022 AMOUNT: $ 2,623.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PRIOR YEAR WAS A SHORT YEAR DUE TO A CHANGE IN ACCOUNTING PERIOD, RUNNING FROM JANUARY 1-JUNE 30, 2020. AS SUCH, EACH RETURN IS SHIFTED A YEAR TO THE LEFT: 2018 = FYE 2019.12.31 2019 = SHORT YEAR - 01.01-06.30.2020 2020 = FYE 06.30.2021 2021 = FYE 06.30.2022 2022 = FYE 06.30.2023 2023 = CURRENT YEAR - FYE 06.30.2024
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART II
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0481346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0757609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0179987
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0670419
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0837442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02926803
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02303
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02950
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0249781
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02623
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02623
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70600
IRS990ScheduleA/PublicSupportPY170Pct00.69240
IRS990ScheduleA/PublicSupportTotal170Amt02070170
IRS990ScheduleA/SubstantialContributorsTotAmt0856633
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0481346
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0757609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0179987
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0670419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0837442
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02926803
IRS990ScheduleA/TotalSupportAmt02932376
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0143340
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0WOLFCON: THE FOUNDATION'S ANNUAL CONFERENCE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0143340
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0143340
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 DRAFT WILL BE DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. SINCE OLF FOLIO SMLLC AND OLF VUFIND SMLLC DO NOT FILE A SEPARATE 990, THIS DOES NOT APPLY TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SECRETARY MAKES AN ANNUAL CALL FOR UPDATED DOCUMENT AND QUARTERLY REMINDERS. AT THIS TIME, OLF FOLIO SMLLC DOES NOT HAVE A CONFLICT OF INTEREST POLICY IN PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0OPEN LIBRARY FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1OPEN LIBRARY FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0OLF FOLIO SMLLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1OLF VUFIND SMLLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0814396672
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1814396672
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0430377
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt118694
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0DEVELOPMENT OF OPEN SOURCE LIBRARY SERVIES SOFTWARE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1LIBRARY RESOURCE PORTAL SOFTWARE FOR LIBRARIES TO AGGREGATE RESOURCES
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0384000
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt112937
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0701 CATHEDRAL ROAD STE 45-253
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1701 CATHEDRAL ROAD STE 45-253
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0PHILDELPHIA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1PHILDELPHIA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1PA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd0191282111
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd1191282111
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0691583
IRS990/TotalAssetsEOYAmt0675649
IRS990/TotalAssetsGrp/BOYAmt0691583
IRS990/TotalAssetsGrp/EOYAmt0675649
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0481345
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053230
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458402
IRS990/TotalFunctionalExpensesGrp/TotalAmt0511632
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0110573
IRS990/TotalLiabilitiesEOYAmt039734
IRS990/TotalLiabilitiesGrp/BOYAmt0110573
IRS990/TotalLiabilitiesGrp/EOYAmt039734
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0581010
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0635915
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0458402
IRS990/TotalProgramServiceRevenueAmt082660
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt033
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt085159
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0566537
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0691583
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0675649
IRS990/TotReportableCompRltdOrgAmt00

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