Open Society Institute
- Assets
- $3.5b
- Revenue
- $208.5m
- Investments
- $3.4b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1994
- Data as of
- 12/2019
- EIN
- 13-7029285
Organization Overview
Open Society Institute is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Open Society Institute generated $208.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $740.4m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Open Society Institute has awarded 7,541 individual grants totaling $828,980,394. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN SOCIETY-U.S. SUPPORTS EFFORTS TO BUILDING VIBRANT, INCLUSIVE, AND MORE JUST SOCIETY IN THE UNITED STATES.
JUSTICE INITIATIVE PROGRAM REPRESENTS INDIVIDUALS BEFORE DOMESTIC AND INTERNATIONAL COURTS, DOCUMENT VIOLATIONS, PROPOSE SOLUTIONS AND ENGAGE POLICYMAKERS.
PUBLIC HEALTH PROGRAM WORKS TO RECLAIM HEALTH AS A PUBLIC GOOD AVAILABLE TO ALL AND SUPPORT COMMUNITIES THAT RECEIVE MINIMAL OR SUBSTANDARD CARE BECAUSE OF WHO THEY ARE.
SCHOLARSHIP PROGRAM SUPPORTS GRANT ACTIVITIES THAT OFFER AWARDS FOR ADVANCED STUDY IN THE SOCIAL SCIENCES AND HUMANITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Gaspard Trustee/president | 40 | $860,993 | |
Leonard Benardo Vice President | 40 | $536,872 | |
Thomas Perriello Exeutive Director | 40 | $459,262 | |
Gail Scovell General Counsel, Secretary | 40 | $406,046 | |
Scott Abrams Dir. Special Initiat | 40 | $405,942 | |
Laura Silber Chief Communications Officer | 40 | $387,065 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Techno Brain Llc | 12/30/19 | $2,860,270 |
Colorofchangeorg Education Fund | 12/30/19 | $1,785,000 |
Serenic Software Inc | 12/30/19 | $3,340,754 |
Oracle America Inc | 12/30/19 | $1,284,744 |
Bit By Bit Computer Consultants Inc | 12/30/19 | $3,375,589 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,195 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $209,000,000 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $16,636 |
| Profit on Inventory Sales | $0 |
| Other Income | -$498,698 |
| Total Revenue | $208,513,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,585,785 |
| Other employee salaries and wages | $61,039,871 |
| Pension plans, employee benefits | $43,836,865 |
| Interest | $438,539 |
| Taxes | $0 |
| Depreciation | $4,470,082 |
| Occupancy | $8,388,397 |
| Travel, conferences, and meetings | $20,498,756 |
| Printing and publications | $1,178,228 |
| Other expenses | $36,389,341 |
| Total operating and administrative expenses | $222,817,005 |
| Contributions, gifts, grants paid | $517,607,887 |
| Total expenses and disbursements | $740,424,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,014,273 |
| Savings and temporary cash investments | $745,085 |
| Net Accounts receivable | $3,219,317 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,392,053,830 |
| Net Land, buildings, and equipment | $44,563,306 |
| Other assets | $16,313,149 |
| Total assets | $3,477,908,960 |
| Accounts payable and accrued expenses | $143,074,935 |
| Grants payable | $500,288,545 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $62,422,180 |
| Total liabilities | $705,785,660 |
Grants Awarded
Over the last fiscal year, Open Society Institute has awarded $664,974,931 in support to 1,215 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $632,500,000 |
New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $6,250,000 |
New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $5,477,522 |
SOROS FOUNDATION - KAZAKHSTAN PURPOSE: TO PROVIDE SUPPORT FOR NON-LOBBYING ACTIVITIES WHICH AIM TO FOSTER TOLERANCE, INCREASE PUBLIC ENGAGEMENT IN PUBLIC AFFAIRS, AND IMPROVE GOVERNMENT TRANSPARENCY AND ACCOUNTABILITY | $1,190,572 |
New York, NY PURPOSE: TO PROVIDE AN IN-KIND GRANT OF HUMAN RESOURCES BENEFITS AND INFORMATION TECHNOLOGY SERVICES VALUED AT 676,409.00 USD IN SUPPORT OF THE GRANTEE'S CHARITABLE OPERATIONS | $676,409 |
AMELIA EVANS PURPOSE: TO PROMOTE THE CREATION OF EQUITABLE CORPORATE ENTITIES, IN PLACE OF THE MYTH OF THE SO-CALLED ETHICAL CORPORATION, COMPRISED OF PROBLEMATIC CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURES. | $144,724 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Society Institute has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Brenda Brown-Lipitz Family Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Society Institute New York, NY | $3,477,908,960 | $208,513,497 |
Glaxosmithkline Patient Access Programs Foundation Philadelphia, PA | $38,709,373 | $486,608,551 |
Otsuka Patient Assistance Foundation Inc Princeton, NJ | $23,725,657 | $172,135,091 |
Cummings Foundation Inc Woburn, MA | $1,332,436,128 | $218,017,473 |
Sapling Foundation New York, NY | $0 | $42,691,971 |
Moise Y Safra Foundation Inc New York, NY | $0 | $5,535,428 |
Rubin Museum Of Art New York, NY | $187,436,481 | $11,154,700 |
Pussycat Foundation New York, NY | $122,347,793 | $3,519,606 |
Grace Farms Foundation New Canaan, CT | $130,947,762 | $14,148,459 |
Gerry Foundation Inc Liberty, NY | $109,107,728 | $8,606,226 |
Linden Trust For Conservation New York, NY | $23,185,340 | $9,012,443 |
Birthright Israel North America Inc New York, NY | $1,682,640 | $8,666,879 |