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← OPENAI FOUNDATION

Form 990 for tax year 2024

Filed by OPENAI FOUNDATION.

Totals

Total revenue
$691,271
Total expenses
$7,775,308
Contributions and grants received
$4,433
Grants paid
$7,610,333
Program service revenue
$0
Investment income
$686,838
Other revenue
$0
Total assets, end of year
$14,665,036
Total liabilities, end of year
$616,733
Net assets or fund balances, end of year
$14,048,303
Program services expenses (Part IX)
$7,672,066
Management and general expenses
$103,242
Fundraising expenses
$0
Program service expenses (Part III)
$7,672,066

Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,433

  • 3 · Investment income

    total $686,838 · excluded $686,838

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,610,333 · program services $7,610,333

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $12,933 · program services $12,933

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $1,143 · management and general $1,143

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $75,163 · management and general $75,163

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $3,800 · program services $3,800

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $47,000 · program services $45,000 · management and general $2,000

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Bank Fees

    total $15,250 · management and general $15,250

  • 24b · Other expenses: Equipment Expenses

    total $9,686 · management and general $9,686

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,742,381 · end of year $14,088,973

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $93,732 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $233,142 · end of year $233,142

  • 15 · Other assets

    beginning of year $1,608,998 · end of year $342,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,545,913 · end of year $571,971

  • 25 · Other liabilities

    end of year $44,762

  • 27 · Net assets without donor restrictions

    beginning of year $21,132,340 · end of year $14,048,303

Mission and programs · 2024

Mission

OpenAIs mission is to ensure that artificial general intelligence benefits all of humanity.

  • Since its founding, 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 Foundation Scholars. The Organizations efforts also included supporting a number of other public charities focused on AI research, safety, and economic impact. In 2024, among other grant initiatives, the Organization supported a number of AI alignment research, AI safety research, and economic empowerment initiatives. The Organization is the governing body for all of OpenAI Foundation and holds an interest in OpenAI Foundations 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 2024 including: 1. In furtherance of its research initiatives and taking steps towards safe deployment of powerful model capabilities, OpenAI shared early research progress for Soraa long-duration, high-fidelity text-to-video model. In parallel, the model was made available to domain experts in areas like misinformation, hateful content, and bias to provide valuable testing, and OpenAI engaged with policymakers, educators and artists around the world to understand their concerns and to identify positive use cases for this new technology.2. Recognizing the importance of building general-purpose artificial intelligence that safely benefits humanity as AI models reach new levels of capabilities, the Organization formed the independent Safety and Security Committee (SSC) in May, 2024, currently chaired by director Zico Kolter, to oversee critical safety and security measures related to model development and deployment. Over a period of 90 days, the SSC developed recommendations across five key areas ranging from independent governance, security enhancement, transparency, collaboration, and unifying safety frameworks, which the Organization and its related entities adopted. 3. Continuing its commitment to make the benefit of artificial intelligence widely available and broadly beneficial, OpenAI made available for free the OpenAI o1-mini model, a faster, cheaper reasoning model that is particularly effective at coding, making it a powerful, cost-effective model for developers around the world.4. As part of exploring how AI benefits the scientific community, OpenAI and Los Alamos National Laboratory (LANL) one of the United States leading national laboratories announced a partnership to study how artificial intelligence can be used safely by scientists in laboratory settings to advance bioscientific research.5. As part of ongoing alignment and safety research, OpenAI introduced deliberative alignmenta training paradigm that directly teaches reasoning LLMs the text of human-written and interpretable safety specifications. In addition, OpenAI shared two papers on red teaminga white paper detailing how we engage external red teamers to test our frontier models, and a research study that introduces a new method for automated red teaming.These contributions to the advancement of AI technology, along with the continuous study on the broader benefits and impacts 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.

    Expenses $7,672,066 · Grants $7,610,333

As filed on the 2024 return.

Listed in Part VII

  • Gregory Brockman

    Dir/Pres (Former)

    Total calculated
    $264,189
    From this org
    $0
    From related orgs
    $240,176
    Other
    $24,013
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $240,176 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $24,013 related
    Filer's total
    not reported + $264,189 related

  • Chris Clark

    Treas/Sec

    Total calculated
    $216,021
    From this org
    $12,933
    From related orgs
    $166,484
    Other
    $36,604
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $12,933 + $166,484 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $36,604 related
    Filer's total
    $12,933 + $203,088 related

  • Lawrence Summers

    Director

    Total calculated
    $143,702
    From this org
    $0
    From related orgs
    $143,702
    Other
    $0
    Hours/week
    5

  • Adam D'Angelo

    Director

    Total calculated
    $140,000
    From this org
    $0
    From related orgs
    $140,000
    Other
    $0
    Hours/week
    5

  • Susan Desmond-Hellmann

    Director

    Total calculated
    $140,000
    From this org
    $0
    From related orgs
    $140,000
    Other
    $0
    Hours/week
    5

  • Bret Taylor

    Director

    Total calculated
    $140,000
    From this org
    $0
    From related orgs
    $140,000
    Other
    $0
    Hours/week
    5

  • Nicole Seligman

    Director

    Total calculated
    $127,500
    From this org
    $0
    From related orgs
    $127,500
    Other
    $0
    Hours/week
    5

  • Fidji Simo

    Director

    Total calculated
    $127,500
    From this org
    $0
    From related orgs
    $127,500
    Other
    $0
    Hours/week
    5

  • Ilya Sutskever

    Director (Former)

    Total calculated
    $119,538
    From this org
    $0
    From related orgs
    $108,149
    Other
    $11,389
    Hours/week
    0 + 5 related

    Schedule J breakdown matched by us

    Base
    not reported + $108,149 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $11,389 related
    Filer's total
    not reported + $119,538 related

  • Sam Altman

    Dir/Pres/CEO

    Total calculated
    $113,674
    From this org
    $0
    From related orgs
    $65,638
    Other
    $48,036
    Hours/week
    5 + 35 related

  • Paul Nakasone

    Director

    Total calculated
    $99,030
    From this org
    $0
    From related orgs
    $99,030
    Other
    $0
    Hours/week
    5

  • Zico Kolter

    Director

    Total calculated
    $53,494
    From this org
    $0
    From related orgs
    $53,494
    Other
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4c · Equity-based compensation arrangement

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4: Participated or recieved pay from an equity based compensation arrangement
The compensation of Sam Altman was set and approved by the Organizations compensation committee in a prior year. In 2024, three individuals listed on Part VII, Section A, line 1a participated in an equity-based compensation arrangement consisting of profits interest issued by a related organization. Vesting of the profits interests is generally subject to the individuals continued service over a period of time, the details of which may vary by individual and grant. Profits Interests have a liquidation value of $0 at grant pursuant to Rev. Proc. 93-27 and Rev. Proc. 2001-43.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OpenAI GP LLC

    Research and Technology · CA

    Directly controlled by OpenAI Foundation

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • OpenAI Holdings LLC

    Research and Technology · CA · general or managing partner

    Directly controlled by OpenAI GP LLC

  • OpenAI Global LLC & Disregarded SMLLC

    Research and Technology · CA · general or managing partner

    Directly controlled by OpenAI GP LLC

  • Aestas LLC

    Research and Technology · CA · general or managing partner

    Directly controlled by OpenAI GP LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • OpenAI LLC

    C Corp · Research and Technology · CA

    Directly controlled by OpenAI GP LLC

  • OAI Corporation

    C Corp · Research and Technology · CA

    Directly controlled by OpenAI Holdings LLC

  • OpenAI International Inc

    C Corp · Research and Technology · CA

    Directly controlled by OpenAI LLC

  • OpenAI Ireland Limited

    C Corp · Research and Technology · EI

    Directly controlled by OpenAI LLC

  • OAI Singapore Pte Ltd

    C Corp · Research and Technology · SN

    Directly controlled by OpenAI LLC

  • OpenAI France SAS

    C Corp · Research and Technology · FR

    Directly controlled by OpenAI LLC

  • OpenAI Japan Ltd

    C Corp · Research and Technology · JA

    Directly controlled by OpenAI LLC

  • OpenAI UK Ltd

    C Corp · Research and Technology · UK

    Directly controlled by OpenAI LLC

  • Summerlight Technologies Ltd

    C Corp · Research and Technology · CA

    Directly controlled by OpenAI LLC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349328476

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