Overview
What is Open Library Foundation Inc?
Open Library Foundation Inc is a nonprofit organization situated in Philadelphia, Pennsylvania. Their primary mission is to facilitate collaboration among educational institutions, foundations, partnerships, and commercial entities, aiming to promote, develop, and sustain open technologies that support libraries, learning, research, and teaching. They achieved this through fostering partnerships and instituting a membership model, attracting 32 paid institutional members in their first year, contributing a total of $295,000. FOLIO, an open-source library services platform they collaborate on, has been implemented in nearly 50 institutions worldwide, including Europe, North and South America, and Asia. In the past year, three major releases of FOLIO were completed, demonstrating their significant impact.
Official website here: www.openlibraryfoundation.org
Is Open Library Foundation Inc legitimate?
Open Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Library Foundation 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.
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Official website here: www.openlibraryfoundation.org
What is the mission statement of Open Library Foundation Inc?
The Open Library Foundation Inc's mission is centered around assisting and facilitating collaborations among educational organizations, foundations, partnerships, and commercial entities. The primary goal is to foster, develop, and sustain open technologies for innovation, particularly in the realms of libraries, learning, research, and teaching. The foundation aids research, academic, and public libraries in this endeavor.
In practice, the foundation has initiated a project named FOLIO, an open-source library services platform. This platform supports traditional resource management functions and can be expanded into other institutional areas. The foundation has instated a membership model for FOLIO, attracting several paid institutional members in its first year. Additionally, numerous institutions have implemented FOLIO, bringing the total to nearly 50 globally.
In summary, the Open Library Foundation Inc's mission is to support collaboration among various entities in promoting open technologies for libraries, learning, research, and teaching, with FOLIO being a significant initiative in this endeavor.
Official website here: www.openlibraryfoundation.org
Who is the CEO of Open Library Foundation Inc?
Scott Anderson is the President of Open Library Foundation Inc.
Official website here: www.openlibraryfoundation.org
What is the revenue of Open Library Foundation Inc?
Open Library Foundation Inc's revenue in 2022 was $189,849.
Official website here: www.openlibraryfoundation.org
Who are the executives of Open Library Foundation Inc and what are their salaries?
There 50 volunteers at Open Library Foundation Inc.
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Official website here: www.openlibraryfoundation.org
Where can I find the form 990 for Open Library Foundation Inc?
Open Library Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.openlibraryfoundation.org
Learn more at the official website: www.openlibraryfoundation.org
Mission Statement of Open Library Foundation Inc
Open Library Foundation Inc's mission revolves around assisting and fostering collaboration among educational organizations, foundations, partnerships, and commercial entities. Their primary goal is to facilitate the development and sustainment of open technologies for innovation, specifically in the realms of libraries, learning, research, and teaching. The foundation plays a crucial role in supporting research, academic, and public libraries, aiding them in their endeavors.
In essence, Open Library Foundation Inc serves as a bridge between various entities, promoting the sharing of knowledge and resources to enhance the capabilities of libraries and educational institutions. Through their collaborative efforts, they aim to bolster the capabilities of libraries, thereby improving the learning and research experiences for individuals worldwide. The foundation's contributions are instrumental in supporting the adoption and implementation of open source technologies, enabling a more innovative and accessible learning environment.
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Impact
October, 2024
Open Library Foundation Inc significantly impacts the educational and library landscape by fostering collaboration among libraries, developers, and vendors to create and sustain open technologies. Its core mission is centered around supporting libraries, learning, research, and teaching through innovation.
One of its key initiatives, FOLIO, exemplifies this impact. FOLIO serves as an open-source library services platform that integrates traditional resource management functionalities while allowing for broader institutional applications. Since its inception, FOLIO has successfully attracted a diverse community of nearly 50 implementing institutions globally, ranging from Europe to the Americas and Asia. This growth is bolstered by a membership model that garnered $295,000 in contributions during its inaugural year, underscoring the commitment of educational institutions to this collaborative approach.
Furthermore, the Foundation's effective governance structure facilitated the election of community, product, and technical councils, ensuring that stakeholders are actively involved in the platform's evolution. Through these initiatives, Open Library Foundation Inc continues to be a catalyst for innovation in libraries, enhancing their ability to meet the future demands of learning and research.
This information is meant to be a general summary of Open Library Foundation 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: $12
- Program Service Revenue: $9,850
- Gross Receipts: $189,849
Assets and Liabilities:
- Total Assets: $372,297
- Total Liabilities: $23,267
- Net Assets: $349,030
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WOLFCON REVENUE
Revenue
$9,850
Organization Details
Founding Year
2016
Phone
(717) 871-7030Principal Officer
Scott Anderson
Main Address
701 CATHEDRAL ROAD SUITE 45-253, PHILADELPHIA, PA, 19128
NTEE Category
Code: U41 - Science research
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