OpenAI Inc - Nonprofit Tax Filing Data (ProPublica Nonprofit Explorer)
webThis is OpenAI Inc's nonprofit IRS Form 990 filing data on ProPublica, revealing the financial structure and governance of the nonprofit entity that controls OpenAI, which is directly relevant to AI governance and accountability discussions.
Metadata
Importance: 42/100datasetprimary source
Summary
This ProPublica page displays IRS Form 990 financial data for OpenAI Inc, the 501(c)(3) nonprofit entity that governs OpenAI. It shows financial details including revenue, expenses, net assets, and compensation for key officers and directors such as Sam Altman, Greg Brockman, and Ilya Sutskever across multiple fiscal years.
Key Points
- •OpenAI Inc is a 501(c)(3) nonprofit tax-exempt since November 2016, categorized under Science and Technology Research Institutes.
- •FY2024 data shows $691K revenue vs $7.77M expenses, with net assets of ~$14M, reflecting the nonprofit shell's limited direct financial activity.
- •Key board members include Sam Altman (CEO), Lawrence Summers, Adam D'Angelo, Bret Taylor, and former members Greg Brockman and Ilya Sutskever.
- •The nonprofit structure is central to AI governance debates about whether OpenAI's mission-driven oversight remains intact as it pursues commercial activities.
- •Investment income constitutes 99.4% of the nonprofit's revenue, indicating it functions primarily as a governance/holding entity rather than an operational one.
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Openai Inc
San Francisco, CA
Tax-exempt since Nov. 2016
EIN: 81-0861541
Organization summary
Type of Nonprofit
Designated as a 501(c)(3)
Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
Category :
Science and Technology Research Institutes, Services /
Engineering and Technology Research, Services
(NTEE)
Donations to this organization are tax deductible.
Tax Filings by Year
Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS.
Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
Fiscal Year Ending Dec.
2024
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$691,271
Expenses
$7,775,308
Net Income
-$7,084,037
Net Assets
$14,048,303
Notable Sources of Revenue
Percent of Total Revenue
Contributions
$4,433
0.6%
Program Services
$0
Investment Income
$686,838
99.4%
Bond Proceeds
$0
Royalties
$0
Rental Property Income
$0
Net Fundraising
$0
Sales of Assets
$0
Net Inventory Sales
$0
Other Revenue
$0
Notable Expenses
Percent of Total Expenses
Executive Compensation
$12,933
0.2%
Professional Fundraising Fees
$0
Other Salaries and Wages
$0
Assets/Debt
Total Assets
$14,665,036
Total Liabilities
$616,733
Net Assets
$14,048,303
Compensation
Key Employees and Officers
Compensation
Related
Other
Chris Clark
(Treas/Sec)
$12,933
$166,484
$36,604
Gregory Brockman
(Dir/Pres (Former))
$0
$240,176
$24,013
Lawrence Summers
(Director)
$0
$143,702
$0
Adam D'angelo
(Director)
$0
$140,000
$0
Susan Desmond Hellmann
(Director)
$0
$140,000
$0
Bret Taylor
(Director)
$0
$140,000
$0
Nicole Seligman
(Director)
$0
$127,500
$0
Fidji Simo
(Director)
$0
$127,500
$0
Ilya Sutskever
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