Omidyar Network Fund Inc
- Assets
- $367.6m
- Revenue
- $25.2m
- Investments
- $282.1m
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 20-1173866
Organization Overview
Omidyar Network Fund Inc is located in Redwood City, CA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Omidyar Network Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Omidyar Network Fund Inc generated $25.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $30.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (27.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Omidyar Network Fund Inc has awarded 831 individual grants totaling $175,854,469. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Kubzansky President And Director | 22 | $0 | |
Pamela Omidyar Director | 0.17 | $0 | |
Patricia Christen Director | 0.26 | $0 | |
Jeffrey Alvord Director | 0.25 | $0 | |
Jeffrey Hom Secretary | 22 | $0 | |
Lily Steinbach Treasurer | 22 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ssi Investment Management | 12/30/22 | $162,718 |
Morgan Stanley | 12/30/22 | $73,397 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,904,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,294,361 |
| Capital Gain Net Income | $7,561,760 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,198,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $207,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$1,220,389 |
| Total operating and administrative expenses | -$775,497 |
| Contributions, gifts, grants paid | $31,319,540 |
| Total expenses and disbursements | $30,544,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,861,499 |
| Savings and temporary cash investments | $29,374,721 |
| Net Accounts receivable | $0 |
| 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 | $44,223,785 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $54,215,894 |
| Total assets | $367,592,522 |
| Accounts payable and accrued expenses | $39,021 |
| Grants payable | $5,336,332 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $407,591 |
| Total liabilities | $5,782,944 |
Grants Awarded
Over the last fiscal year, Omidyar Network Fund Inc has awarded $35,775,697 in support to 194 organizations.
| Grant Recipient | Amount |
|---|---|
350ORG PURPOSE: EMPLOYEE DIRECTED GIVING PROGRAM | $2,500 |
5050 CLIMATE PROJECT (DBA MAJORITY ACTION) PURPOSE: GENERAL OPERATING SUPPORT | $115,000 |
A WIDER CIRCLE INC PURPOSE: EMPLOYEE DIRECTED GIVING PROGRAM | $1,250 |
ACTION CENTER ON RACE AND THE ECONOMY INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $240,000 |
ACCOUNTABLEUS PURPOSE: TO SUPPORT GRANTEE'S RESEARCH ON CORPORATE VALUES AND DEMOCRACY | $150,000 |
AFRICAN COMMUNITIES TOGETHER INC PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |