Nonprofit · EIN 81-0861541
OPENAI INC
Tax-exempt · SAN FRANCISCO, CA 94158
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $691,271 | $7,775,308 | -$7,084,037 | $14,665,036 | $616,733 | $14,048,303 |
| December 31, 2023 | 990 | $5,363,248 | $2,866,846 | $2,496,402 | $22,678,253 | $1,545,913 | $21,132,340 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,433
- Program service revenue
- $0
- Investment income
- $686,838
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,610,333
- Compensation of officers, directors and key employees
- $12,933
- Salaries, compensation and benefits (total)
- $14,076
- Professional fundraising fees
- $0
- Accounting fees
- $75,163
- Depreciation
- $47,000
- Program services (functional)
- $7,672,066
- Management and general (functional)
- $103,242
Balance sheet and other
- Total assets, start of year
- $22,678,253
- Total assets, end of year
- $14,665,036
- Total liabilities, end of year
- $616,733
- Net assets, end of year
- $14,048,303
- Net assets without donor restrictions
- $14,048,303
- Gross receipts
- $691,271
- Employees
- 1
- Volunteers
- 1
- Year formed
- 2015
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Gregory Brockman | Dir/Pres (Former) | 0 | $0 | $240,176 | $24,013 |
| Chris Clark | Treas/Sec Officer | 10 | $12,933 | $166,484 | $36,604 |
| Lawrence Summers | Director Trustee or director | 5 | $0 | $143,702 | $0 |
| Adam D'Angelo | Director Trustee or director | 5 | $0 | $140,000 | $0 |
| Susan Desmond-Hellmann | Director Trustee or director | 5 | $0 | $140,000 | $0 |
| Bret Taylor | Director Trustee or director | 5 | $0 | $140,000 | $0 |
| Nicole Seligman | Director Trustee or director | 5 | $0 | $127,500 | $0 |
| Fidji Simo | Director Trustee or director | 5 | $0 | $127,500 | $0 |
| Ilya Sutskever | Director (Former) | 0 | $0 | $108,149 | $11,389 |
| Sam Altman | Dir/Pres/CEO Trustee or director, Officer | 5 | $0 | $65,638 | $48,036 |
| Paul Nakasone | Director Trustee or director | 5 | $0 | $99,030 | $0 |
| Zico Kolter | Director Trustee or director | 5 | $0 | $53,494 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Chris Clark | Sec/Tres Officer | 10 | $50,000 | $325,000 | $22,354 |
| Ilya Sutskever See Sched O | Director Trustee or director | 5 | $0 | $300,000 | $22,201 |
| Greg Brockman See Schedule O | Director Trustee or director | 5 | $0 | $65,000 | $20,184 |
| Sam Altman See Schedule O | Dir/Pres/CEO Trustee or director, Officer | 5 | $0 | $64,957 | $11,044 |
| Emmett Shear See Schedule O | CEO Officer | 40 | $3,720 | $0 | $0 |
| Reid Hoffman See Schedule O | Director Trustee or director | 3 | $0 | $0 | $0 |
| Shivon Zilis See Schedule O | Director Trustee or director | 3 | $0 | $0 | $0 |
| Will Hurd See Schedule O | Director Trustee or director | 3 | $0 | $0 | $0 |
| Adam D'Angelo | Director Trustee or director | 3 | $0 | $0 | $0 |
| Bret Taylor See Schedule O | Director/Chair Trustee or director | 3 | $0 | $0 | $0 |
| Lawrence Summers See Sched O | Director Trustee or director | 3 | $0 | $0 | $0 |
| Tasha McCauley See Sched O | Director Trustee or director | 3 | $0 | $0 | $0 |
| Helen Toner See Schedule O | Director Trustee or director | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1455 3RD ST, SAN FRANCISCO, CA 94158-2210
- In care of
- % LEGAL DEPT
- Mailing address (990-N for 2015)
- 335 Pioneer Way, Mountain View CA 94041
- Principal officer (990 for 2024)
- Sam Altman, 1455 3rd St, San Francisco, CA 94158
- Principal officer (990-N for 2015)
- Chris Clark, 335 Pioneer Way, Mountain View CA 94041
- Signed the 990
- Sam Altman, Dir/Pres/CEO
- Phone
- (415) 879-9686
- Website
- openai.com/foundation
- Return prepared by
- Fontanello Duffield & Otake LLP
Mission
OpenAIs mission is to ensure that artificial general intelligence benefits all of humanity.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0861541
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U40)
- Assets (IRS master file)
- $14,665,036
- Income (IRS master file)
- $691,271
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $691,271 | $7,775,308 | $14,665,036 | XML |
| 990 | December 2023 | $5,363,248 | $2,866,846 | $22,678,253 | XML |
| 990 | December 2022 | $44,485 | $1,294,149 | $18,795,584 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2015 Officer: Chris Clark | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about OPENAI INC
- What is the EIN of OPENAI INC?
- The employer identification number (EIN) of OPENAI INC is 81-0861541.
- Is OPENAI INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to OPENAI INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPENAI INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OPENAI INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPENAI INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OPENAI INC?
- The 990 for the year ended December 31, 2024 names Sam Altman.
- Who are the officers and directors of OPENAI INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization.
- How much revenue does OPENAI INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $691,271, expenses of $7,775,308 and total assets of $14,665,036 at year end.
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