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Nonprofiteer
← OPENPOWER FOUNDATION

Form 990 for tax year 2023

Filed by OPENPOWER FOUNDATION.

Totals

Total revenue
$378,583
Total expenses
$487,334
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$378,583
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,978,422
Total liabilities, end of year
$213,852
Net assets or fund balances, end of year
$1,764,570
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP REVENUE

    total $378,583 · related or exempt $378,583

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $378,572

  • 11b · Fees: legal

    total $5,327

  • 11c · Fees: accounting

    total $2,900

  • 12 · Advertising and promotion

    total $4,062

  • 13 · Office expenses

    total $21,760

  • 14 · Information technology

    total $42,500

  • 17 · Travel

    total $5,323

  • 19 · Conferences, conventions and meetings

    total $10,636

  • 23 · Insurance

    total $7,904

  • 24a · Other expenses: COMMUNITY SUPPORT

    total $8,350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,206,803 · end of year $1,779,455

  • 4 · Accounts receivable

    beginning of year $215,547 · end of year $198,967

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,350 · end of year $0

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

    $65,016

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

    $65,016

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,212 · end of year $35,185

  • 19 · Deferred revenue

    beginning of year $424,167 · end of year $178,667

  • 27 · Net assets without donor restrictions

    beginning of year $1,873,321 · end of year $1,764,570

Mission and programs · 2023

Mission

THROUGH THE GROWING OPEN ECOSYSTEM OF POWER ARCHITECTURE AND ITS ASSOCIATED TECHNOLOGIES, THE OPENPOWER FOUNDATION FACILITATES ITS MEMBERS TO SHARE EXPERTISE, INVESTMENT AND INTELLECTUAL PROPERTY TO SERVE THE EVOLVING NEEDS OF ALL END USERS.

Activities or mission (Part I)

THE GOAL OF THE OPENPOWER FOUNDATION IS TO CREATE AN OPEN ECOSYSTEM, USING THE POWER ARCHITECTURE TO SHARE EXPERTISE, INVESTMENT, AND SERVER-CLASS INTELLECTUAL PROPERTY TO SERVE THE EVOLVING NEEDS OF CUSTOMERS AND INDUSTRY.

  • BUILDING AND ENGAGING OUR DEVELOPER COMMUNITIES ACROSS MULTIPLE AREAS AND INCREASING GEOGRAPHICAL AND INFORMAL COLLABORATIONS/EVENTS FOR MEMBER-TO-MEMBER COMMUNICATION. CONTINUE USING WORKING GROUPS TO PROVIDE ENABLEMENT FOR INTEGRATION AND INFORMATION SHARING CAPABILITES TO EASE THE ABILITY TO DEVELOP AND INTEGRATE TECHNOLOGIES. CHAMPIONING THE SOLUTIONS AND OFFERINGS OF MEMBERS BY ENCOURAGING COLLABORATION ACROSS THE OPF MEMBERSHIP AND PROMOTING THESE TO THE WIDER MARKETPLACE.

As filed on the 2023 return.

Listed in Part VII

  • Meow Yee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Calderwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lance Albertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Kulina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Zemlin

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Wigle

    CFO

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202413049349303116

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