Return Reference | Explanation |
---|---|
Form 990, Part VI, Line 11b: Form 990 Review Process | The 990 will first be reviewed by the Controller and COO with the preparer and then the COO will present it to the board finance committee for approval. |
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The COO reminds board members and officers annually of the policy and answer any questions the board or officers may have. |
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | Determined by a committee of disinterested Board members using comparability data |
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | Determined by a committee of disinterested Board members using comparability data |
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Documents available upon request. |
Other Changes In Net Assets Or Fund Balances - Other Decreases | Net Audited Financial Statement Adj Not Reflected On Return = -$3377072 |
Recognition of Previously Pledged Contribution | Unconditional promises to give are recognized as revenues in the period received. In 2017 a pledged contribution of $20,000,000 was made but not received by OpenAI until 2018 and as a result was included in 2018 for tax purposes whereas for financial statement purposes the donation was included in 2017. |
Software ID: | 18007218 |
Software Version: | 2018v3.1 |