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Nonprofiteer
← OPENET INC

Form 990 for tax year 2024

Filed by OPENET INC.

Totals

Total revenue
$2,308,942
Total expenses
$2,104,515
Contributions and grants received
$745,304
Grants paid
$0
Program service revenue
$1,563,638
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,582,842
Total liabilities, end of year
$103,018
Net assets or fund balances, end of year
$1,479,824
Program services expenses (Part IX)
$1,525,269
Management and general expenses
$579,246
Fundraising expenses
$0
Program service expenses (Part III)
$1,525,269

Program services were 72.5% 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.

  • 1e · Government grants (contributions)

    $414,777

  • 1f · All other contributions, gifts and grants

    $330,527

  • 2a · Program service revenue: CONTRACT REVENUE

    total $1,563,638 · related or exempt $1,563,638

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $178,477 · management and general $178,477

  • 7 · Other salaries and wages

    total $154,583 · program services $26,981 · management and general $127,602

  • 8 · Pension plan contributions

    total $4,927 · management and general $4,927

  • 9 · Other employee benefits

    total $26,172 · management and general $26,172

  • 10 · Payroll taxes

    total $16,340 · management and general $16,340

  • 11a · Fees: management

    total $32,460 · management and general $32,460

  • 11b · Fees: legal

    total $91,914 · management and general $91,914

  • 11c · Fees: accounting

    total $86,863 · program services $59,563 · management and general $27,300

  • 11g · Fees: other

    total $1,393,275 · program services $1,392,945 · management and general $330

  • 13 · Office expenses

    total $11,709 · management and general $11,709

  • 14 · Information technology

    total $43,505 · program services $43,505

  • 17 · Travel

    total $30,300 · management and general $30,300

  • 19 · Conferences, conventions and meetings

    total $22,172 · management and general $22,172

  • 22 · Depreciation, depletion and amortization

    total $2,275 · program services $2,275

  • 23 · Insurance

    total $9,543 · management and general $9,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $861,592 · end of year $950,631

  • 3 · Pledges and grants receivable

    beginning of year $300,000

  • 4 · Accounts receivable

    beginning of year $324,813 · end of year $616,304

  • 9 · Prepaid expenses and deferred charges

    beginning of year $936 · end of year $882

  • 10a · Land, buildings and equipment: cost or other basis

    $11,700

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,275

  • 10c · Land, buildings and equipment, net

    end of year $9,425

  • 15 · Other assets

    beginning of year $5,600 · end of year $5,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $217,544 · end of year $101,546

  • 25 · Other liabilities

    end of year $1,472

  • 27 · Net assets without donor restrictions

    beginning of year $1,275,397 · end of year $1,479,824

Mission and programs · 2024

Mission

TRAINING AND BASIC SUPPORT, AND ONGOING RESEARCH TO SUPPORT BEST AVAILABLE SCIENCE. OPENET CAN BE USED BY LOCAL OR REGIONAL WATER MANAGERS, WATER USERS, LOCAL STAKEHOLDERS, POLICYMAKERS, GROWERS, AND CORPORATES.

Activities or mission (Part I)

OPENET USES BEST AVAILABLE SCIENCE TO PROVIDE EASILY ACCESSIBLE SATELLITE- BASED EVAPOTRANSPIRATION (ET) DATA FOR IMPROVED WATER MANAGEMENT ACROSS THE WESTERN UNITED STATES.

  • DATA PRODUCTION: BUILDING ONTO DATA PREVIOUSLY PRODUCED FOR THE ENTIRE WESTERN US FROM 2016 FORWARD, IN THIS TAX PERIOD OPENET HAS GENERATED AND REVIEWED DATA FOR: THE MISSISSIPPI ALLUVIAL PLAIN, DECADES OF HISTORICAL DATA FOR THE STATES OF OR, UT, AS WELL AS THE UPPER CO RIVER BASIN. OPENET HAS ALSO REVIEWED AND PUSHED THIS DATA TO THE GOOGLE EARTH ENGINE PUBLIC DATA CATALOG.

    Expenses $1,701,471 · Revenue $1,563,638

  • UI MAINTENANCE AND UPDATES: LAUNCH OF THE APPLICATION PROGRAMING INTERFACE OCCURRED IN THIS TAX PERIOD, AS WELL AS MAINTENANCE AND UPDATES OF UI PLATFORMS, INCLUDING THE API AND THE DATA EXPLORER. UPDATES TO THESE PLATFORMS ARE CONSISTENTLY IMPLEMENTED TO IMPROVE SPEED AND USE EXPERIENCE. THESE IMPROVEMENTS INCLUDE UPDATES TO THE GEODATABASE, CLOUD PROCESSING IMPROVEMENTS, AND UPDATES TO THE DATA EXPLORER BACKEND.

  • RESEARCH: SPECIAL RESEARCH TOPICS DURING THIS PERIOD INCLUDE: ACCURACY ASSESSMENTS COMPARING OPENET DATA TO GROUND BASED EDDY-COVARIANCE DATA; DAILY LOW LATENCY LAND SURFACE TEMPERATURE DATA GENERATION/EVALUATION; MODEL UPDATES AND IMPROVEMENTS TO ACCOUNT FOR PERSISTENT BIASES; METHODOLOGY FOR DEVELOPING EFFECTIVE PRESCRIPTION LAYER.

  • USER SUPPORT: DURING THE TAX PERIOD, OPENET HAS CONTINUED TO PROVIDE SUPPORT SERVICES TO AGENCIES AND USERS ACROSS THE US. THIS SERVICE COMES IN THE FORM OF DATA CONSULTING SERVICES FOR DATA ACQUISITION AND APPLICATION, IN ADDITION TO SERVICES VIA HUBSPOT TICKET MANAGEMENT SYSTEM.

    Expenses -$176,202

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sara Larsen

    CEO

    Total calculated
    $178,477
    From this org
    $178,477
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,477
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $178,477
  • Brett Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Ted Kowalski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Teki Sankey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sarah Schlessinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sara Sexton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Luis Villa

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4
  • Yun Yang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Joya Banerjee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4
  • Dr Maurice Hall

    TREASURER/SE

    Total calculated
    $0
    Hours/week
    4

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

  • 3 · Independent compensation consultant

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2025
IRS schema version
2024v5.0
Source object
202610489349302551

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