Civic Intelligence

Openmined Foundation

990 • Fiscal year 2024 • EIN 93-4965096

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 14, 2025

154 W 14th StreetNew York, NY 10011

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

93rd percentile

61%

Higher net margin than 93% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$192,460

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Assets

$3,720,317

No earlier filing loaded for comparison.

Net Assets

$3,711,043

No earlier filing loaded for comparison.

Liabilities

$9,274

No earlier filing loaded for comparison.

Revenue

$6,099,358

No earlier filing loaded for comparison.

Expenses

$2,388,315

No earlier filing loaded for comparison.

Net Income

$3,711,043

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2024: $3,720,317Liabilities 2024: $9,274Net Assets 2024: $3,711,0432024

Highlighted filing

2024

Assets$3,720,317
Liabilities$9,274
Net Assets$3,711,043

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2024: $6,099,358Expenses 2024: $2,388,315Net Income 2024: $3,711,0432024

Highlighted filing

2024

Revenue$6,099,358
Expenses$2,388,315
Net Income$3,711,043
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$6,099,358
Mission and Program Overview

Mission

The openmined foundation is a 501(c)(3) non-profit creating open-source network technology that enables access to insights in non-public data without needing a copy or direct access.

The openmined foundation is building the public network for non-public information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$3,305,327-
Cash and Non-Interest-Bearing Accounts-$240,278-
Pledges and Grants Receivable-$163,915-
Prepaid Expenses and Deferred Charges-$10,797-
Total Assets$0$3,720,317▲ $3,720,317
Liabilities
Accounts Payable and Accrued Expenses-$9,274-
Total Liabilities$0$9,274▲ $9,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$3,711,043-
Total Net Assets Fund Balance$0$3,711,043▲ $3,711,043
Total Liabilities and Net Assets / Fund Balance$0$3,720,317▲ $3,720,317
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ronnie FalconTreasurer, Chief Product OfficerFT$192,460$192,460
Madhava JayHead of EngineeringFT$143,333$143,333
Peter SmithChief Financial OfficerFT$133,333$133,333
Bennett FarkasChief Marketing OfficerFT$96,000$96,000
Lacey StrahmHead of PolicyFT$58,075$58,075

Board Members and Trustees

NameTitle
Andrew TraskPresident/executive Director
Rod DewarSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Lightyear JoysProduct Management1216 SAGUNKA DRIVE, Yorktown Heights, NY 10598, As$192,460
Secretbit Ventures LLCSoftware Engineering / Data Science25 PARK LANE SOUTH APT 701, Jersey City, NJ 07310$166,667
Peter Smith Worldwide LLCSoftware Engineering / Data Science1012 FAIRWIN AVENUE, Nashville, TN 37216$143,333
-Finance & Operations5425 BOXWOOD WAY, Naples, FL 34116$133,333
-Product Management-$107,333
Revenue and Support

Revenue Composition

Contributions and Grants
$6,091,909
Program Service Revenue
$0
Investment Income
$7,449
Other Revenue
$0
All Other Contributions
$6,091,909
Change in Net Assets
$3,711,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,099,358
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$470,194
Total Revenue per Audited Statements
$6,569,552
Total Revenue per Form 990
$6,099,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,284,929
Total Fundraising Expense$204,920
Salaries, Compensation, and Employee Benefits$103,386
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,875,757$168,833-$2,044,590
Fees for Services Other$39,278$22,009$89,609$150,896
Current Officers, Directors, Trustees, and Key Employees--$103,386$103,386
Travel$21,810$18,419$11,925$52,154
Information Technology$6,750$23,600-$30,350
Insurance-$2,471-$2,471
Occupancy-$2,328-$2,328
Office Expenses-$2,140-$2,140
Total Functional Expenses$1,943,595$239,800$204,920$2,388,315

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,858,509
Expenses per Audited Statements$2,388,315
Total Expenses per Form 990$2,388,315
Expenses Not Reported on Form 990$470,194
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
22
Spending
$1,233,923

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 ServicesSupporting Efforts to Build Public Network for Non-public Information09$565,701
East Asia and the PacificProgram ServicesSupporting Efforts to Build Public Network for Non-public Information03$208,362
South AsiaProgram ServicesSupporting Efforts to Build Public Network for Non-public Information03$159,333
North AmericaProgram ServicesSupporting Efforts to Build Public Network for Non-public Information02$121,826
South AmericaProgram ServicesSupporting Efforts to Build Public Network for Non-public Information02$76,381
Sub-saharan AfricaProgram ServicesSupporting Efforts to Build Public Network for Non-public Information02$58,320
Middle East and North AfricaProgram ServicesSupporting Efforts to Build Public Network for Non-public Information01$44,000
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
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
Yes
Other officer compensation reviewed
Yes
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 board and cfo reviews and approves the form 990. A copy of the form 990 is available to all board members for review prior to filing.

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

Officers and directors are required to disclose any possible conflicts of interest annually.

Form 990, Part VI, Section B, Line 15

The board compensation committee reviews and approves executives' compensation based on performance and comparable market salaries.

Form 990, Part VI, Section C, Line 19

The foundation provides information upon request.

Filing and Contact Details

Filer

Filer Name
Openmined Foundation
EIN
93-4965096
Phone
8778295500
Address
154 W 14TH STREET, NEW YORK, NY 10011

Signing Officer

Name
Peter Smith
Title
CFO
Phone
8778295500
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Smith
Formed
2024
Legal Domicile
De
Voting Board Members
3
Independent Board Members
2
Employees
1
Volunteers
28

Preparer

Firm
Hoffman Stewart & Schmidt Pc
Address
3 CENTERPOINTE DRIVE SUITE 300, LAKE OSWEGO, OR 97035-8663
Preparer
Nathan Stamets
Phone
5032205900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The foundation's board and management select the independent auditors and oversee the audit process.

Financial Statement Notes

PART X, LINE 2:

Management believes the foundation does not have any uncertain tax positions.

Raw XML AppendixShowing 400 of 447 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02388315
IRS990ScheduleD/TotalRevenuePerForm990Amt06099358
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06569552
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02858509
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt03
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt19
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt21
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt32
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt42
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt53
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt62
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0208362
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1565701
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt244000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3121826
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt476381
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt5159333
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt658320
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2MIDDLE EAST AND NORTH AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4SOUTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt6SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0SUPPORTING EFFORTS TO BUILD PUBLIC NETWORK FOR NON-PUBLIC INFORMATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1SUPPORTING EFFORTS TO BUILD PUBLIC NETWORK FOR NON-PUBLIC INFORMATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2SUPPORTING EFFORTS TO BUILD PUBLIC NETWORK FOR NON-PUBLIC INFORMATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3SUPPORTING EFFORTS TO BUILD PUBLIC NETWORK FOR NON-PUBLIC INFORMATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4SUPPORTING EFFORTS TO BUILD PUBLIC NETWORK FOR NON-PUBLIC INFORMATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5SUPPORTING EFFORTS TO BUILD PUBLIC NETWORK FOR NON-PUBLIC INFORMATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt6SUPPORTING EFFORTS TO BUILD PUBLIC NETWORK FOR NON-PUBLIC INFORMATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt6PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt022
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01233923
IRS990ScheduleF/TotalEmployeeCnt022
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt01233923
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0192460
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RONNIE FALCON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER, CHIEF PRODUCT OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0192460
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD AND CFO REVIEWS AND APPROVES THE FORM 990. A COPY OF THE FORM 990 IS AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD COMPENSATION COMMITTEE REVIEWS AND APPROVES EXECUTIVES' COMPENSATION BASED ON PERFORMANCE AND COMPARABLE MARKET SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION PROVIDES INFORMATION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S BOARD AND MANAGEMENT SELECT THE INDEPENDENT AUDITORS AND OVERSEE THE AUDIT PROCESS.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt03720317
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt03720317
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt06091909
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0204920
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0239800
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01943595
IRS990/TotalFunctionalExpensesGrp/TotalAmt02388315
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt09274
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt09274
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03711043
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01943595
IRS990/TotalReportableCompFromOrgAmt0623201
IRS990/TotalRevenueGrp/ExclusionAmt07449
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06099358
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt028

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