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Open Source Technology Improvement Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473897395 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Open Source Technology Improvement Fund Inc?

The Open Source Technology Improvement Fund Inc is a charitable organization devoted to scientific research. Their primary focus is on enhancing the security and sustainability of crucial Open Source projects through audits and research. By doing so, they aim to contribute to the overall improvement of these projects, which are essential for various sectors. The Open Source Technology Improvement Fund operates with the mission of supporting such charities and ensuring the long-term success of these projects.


Official website here: www.ostif.org

Is Open Source Technology Improvement Fund Inc legitimate?

Open Source Technology Improvement Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Source Technology Improvement Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $207,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ostif.org

What is the mission statement of Open Source Technology Improvement Fund Inc?

The Open Source Technology Improvement Fund Inc., as part of its charitable activities, focuses on managing audit programs and conducting research to enhance the security and sustainability of crucial Open Source projects. This mission is driven by its commitment to supporting scientific research charities.


Official website here: www.ostif.org

What is the revenue of Open Source Technology Improvement Fund Inc?

Open Source Technology Improvement Fund Inc's revenue in 2022 was $1,309,759.


Official website here: www.ostif.org

Who are the executives of Open Source Technology Improvement Fund Inc and what are their salaries?

Here are 2 key members and their salaries:

    Derek Zimmer (Executive Dir.)
  • Compensation: $103,750
  • Related: $0
  • Other: $0

    • Amir Montazery (Vp - Business Development)
  • Compensation: $103,750
  • Related: $0
  • Other: $0


  • Official website here: www.ostif.org

    Where can I find the form 990 for Open Source Technology Improvement Fund Inc?

    The Open Source Technology Improvement Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ostif.org

    Learn more at the official website: www.ostif.org

    Mission Statement of Open Source Technology Improvement Fund Inc

    The Open Source Technology Improvement Fund is an organization dedicated to supporting charities involved in scientific research. A significant part of its mission involves managing comprehensive audit programs and conducting thorough research. The primary goal of these activities is to enhance the security and sustainability of crucial Open Source projects. By doing so, the Open Source Technology Improvement Fund aims to contribute to the overall success of scientific research charities, thereby making a significant impact in the scientific community.

    Impact

    This information is meant to be a general summary of Open Source Technology Improvement Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Open Source Technology Improvement Fund Inc's impact is significant in enhancing the security and sustainability of critical Open Source projects. By managing audit programs and conducting research, the organization contributes to the overall improvement of technology in the open-source community. Through its mission to support scientific research charities, the fund plays a crucial role in advancing scientific knowledge and innovation. Located in Chicago, IL, the organization's dedication to this cause is evident in its tag of "Science research."





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $1,309,759

    • Assets and Liabilities:
  • Total Assets: $357,157
  • Total Liabilities: $0
  • Net Assets: $357,157
  • Organization Details

    Founding Year

    2016

    Main Address

    210 N WELLS ST 3102, CHICAGO, IL, 60606

    NTEE Category

    Code: U41 - Science research

    If you are a representative of Open Source Technology Improvement Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.