Overview
What is Openai Inc?
OpenAI Inc is a nonprofit organization with a strong commitment to advancing general-purpose artificial intelligence (AI) for the betterment of humanity. Based in San Francisco, California, OpenAI has undertaken various charitable initiatives, such as sponsoring research studies, supporting public charities, and experimenting with education programs. Their mission is to develop and responsibly deploy safe AI technology, ensuring its benefits are distributed equally. OpenAI's efforts have led to significant advancements, including a comprehensive basic income study, AI impact research, and collaborations with Duke University and other research organizations. Notably, they introduced projects like an AI residency program, research access program, and DALLE 2, an AI system generating images from descriptions. OpenAI also launched safety tooling to protect apps from misuse and developed Whisper, an English speech recognition neural net, while maintaining a focus on responsible deployment and mitigating potential risks. With a team of 2 employees, OpenAI continues its mission to construct a beneficial, unbiased AI.
Official website here: www.openai.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Stars
OpenAI Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored highly in several key areas, including a majority independent board and a robust program expense ratio of 77.63%. These metrics demonstrate effective governance and efficiency in resource allocation.
The organization's financial practices appear sound, with no material diversion of assets reported and a low liabilities to assets ratio of just 0.84%. This indicates a healthy financial position, which is critical for sustaining long-term operations and fulfilling their mission. Additionally, policies regarding conflict of interest and document retention are well established, enhancing transparency.
However, the absence of a whistleblower policy could be seen as a limitation in their governance framework. While this does not detract significantly from their overall rating, it highlights an area for potential improvement to further bolster their accountability practices. Overall, OpenAI Inc stands out for its financial integrity and organizational governance.
This AI summary has been generated from information found on Charity Navigator.
Is Openai Inc legitimate?
Openai Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Openai 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $58,226
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,374
For more financial information, click here
Official website here: www.openai.com
What is the mission statement of Openai Inc?
OpenAI, a pioneering organization, is committed to developing and responsibly deploying general-purpose artificial intelligence (AI) with the aim of benefiting humanity. This mission is driven by the belief that AI has the potential to make a significant, positive impact on the world. OpenAI operates without the constraint of financial return, focusing instead on ensuring that the benefits of AI are distributed as widely and equitably as possible, safeguarding its deployment.
Official website here: www.openai.com
Who is the CEO of Openai Inc?
Sam Altman is the Dir/Pres/Ceo of Openai Inc. The CEO's salary of Openai Inc is $0 and their total compensation is $73,546.
Official website here: www.openai.com
What is the revenue of Openai Inc?
Openai Inc's revenue in 2022 was $44,485.
Official website here: www.openai.com
Who are the executives of Openai Inc and what are their salaries?
The average compensation at Openai Inc during 2022 was $49,300. There are 2 employees and 3 volunteers at Openai Inc.
Here are 11 key members and their salaries (Openai Inc's CEO's salary is $0 and their total compensation is $73,546):
- Compensation: $50,000
- Related: $325,000
- Other: $27,441
- Compensation: $0
- Related: $312,849
- Other: $21,723
- Compensation: $120,000
- Related: $60,000
- Other: $22,269
- Compensation: $0
- Related: $95,659
- Other: $18,068
- Compensation: $0
- Related: $75,000
- Other: $0
- Compensation: $0
- Related: $75,000
- Other: $0
- Compensation: $0
- Related: $62,400
- Other: $11,146
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.openai.com
Where can I find the form 990 for Openai Inc?
Openai Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.openai.com
Learn more at the official website: www.openai.com
Mission Statement of Openai Inc
OpenAI, a renowned organization, is dedicated to constructing general-purpose artificial intelligence (AI) aiming to positively impact humanity. Unbound by the necessity of financial gain, OpenAI's primary objective is to innovate and deploy safe AI technology. The organization believes in the transformative potential of AI and aspires to spread its advantages as evenly and widely as possible across the globe. OpenAI's mission is centered around the responsible development and deployment of AI technology, ensuring its benefits are accessible to all, thus contributing to humanity's advancement.
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Impact
August, 2024
Openai Inc has made a significant impact by focusing on the development and deployment of safe and beneficial artificial intelligence technology. Through initiatives such as sponsoring basic income studies, supporting economic impact research, and collaborating with various charities and research organizations, Openai Inc is actively contributing to the advancement of AI technology. Additionally, programs like the OpenAI Residency program, Research Access Program, and the development of innovative AI systems like DALLE 2 and Whisper demonstrate the organization's commitment to fostering innovation while prioritizing safety and responsible deployment. Overall, Openai Inc's efforts are crucial in moving towards the development of general-purpose AI that benefits all of humanity.
This information is meant to be a general summary of Openai Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $42,874
- Gross Receipts: $44,485
Assets and Liabilities:
- Total Assets: $18,795,584
- Total Liabilities: $159,646
- Net Assets: $18,635,938
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Organization Details
Founding Year
2015
Phone
(415) 879-9686Principal Officer
Sam Altman
Main Address
3180 18th St Suite 100, San Francisco, CA, 94110
Website
www.openai.comNTEE Category
Code: U40 - Science research
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