Overview
What is Open Contracting Partnership?
The Open Contracting Partnership is a nonprofit organization situated in Washington, D.C. Their primary focus is to aid governments worldwide in implementing open contracting, providing them with essential tools, resources, and advice throughout the procurement reform process. By utilizing their international network of experts, they offer tailored support to ensure sustainable and inclusive public procurement reforms. Their mission is to foster collaboration between governments, businesses, citizens, and open data to establish a modern, data-driven public contracting system. With a team of nine dedicated individuals, they strive to transform the public contracting landscape through open data and smarter engagement.
Official website here: www.open-contracting.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Open Contracting Partnership has achieved an impressive 99% rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization boasts a perfect score in Accountability & Finance, showcasing its effective management of resources and transparency in operations. An entirely independent board, along with robust financial practices, emphasizes its dedication to maintaining integrity and trustworthiness.
Strengths include a high program expense ratio of 83.68%, indicating that a significant portion of its resources is directed towards programmatic activities rather than administrative costs. The organization also demonstrates a commendable fundraising efficiency ratio of $0.03, which highlights its ability to raise funds effectively. Furthermore, the investment in leadership development and its strong adaptability to external changes underscore its proactive approach in a dynamic environment.
While the overall rating is outstanding, the lower scores in Leadership & Adaptability and Culture & Community suggest there may be areas for improvement in fostering organizational culture and enhancing leadership structures. Nonetheless, the overwhelmingly positive financial indicators and organizational practices position the Open Contracting Partnership as a reputable nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Open Contracting Partnership legitimate?
Open Contracting Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Contracting Partnership 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: $548,441
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,078,704
For more financial information, click here
Official website here: www.open-contracting.org
What is the mission statement of Open Contracting Partnership?
The Open Contracting Partnership's mission is centered around revolutionizing public contracting. By leveraging open data and fostering smarter engagement, they aim to establish a modern economy that requires a functional, data-driven government contracting system. Their objective is to unite governments, businesses, citizens, and open data to create a reliable and inclusive public procurement ecosystem. To accomplish this, they offer practical tools, resources, and guidance to governments throughout the procurement reform process, ensuring sustainable and long-lasting improvements. Their team of in-country experts, located across all continents, provides targeted and personalized support throughout the journey towards more open, sustainable, and inclusive public procurement.
Official website here: www.open-contracting.org
What is the revenue of Open Contracting Partnership?
Open Contracting Partnership's revenue in 2023 was $8,021,403.
Official website here: www.open-contracting.org
Who are the executives of Open Contracting Partnership and what are their salaries?
The average compensation at Open Contracting Partnership during 2023 was $162,714. There are 10 employees and 7 volunteers at Open Contracting Partnership.
Here are 16 key members and their salaries:
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- Compensation: $191,078
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- Compensation: $151,792
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- Compensation: $123,275
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- Compensation: $139,812
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- Compensation: $115,550
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- Compensation: $107,466
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- Other: $9,858
- Compensation: $112,035
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- Other: $22,228
Official website here: www.open-contracting.org
Where can I find the form 990 for Open Contracting Partnership?
Open Contracting Partnership's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.open-contracting.org
Learn more at the official website: www.open-contracting.org
Mission Statement of Open Contracting Partnership
Open Contracting Partnership, in its mission, aims to revolutionize public contracting by leveraging open data and fostering collaborative engagement among governments, businesses, and citizens. This organization's ultimate goal is to establish a modern economy that relies on a data-driven, intelligent government contracting ecosystem. By bringing together these diverse stakeholders, Open Contracting Partnership seeks to promote a more open, sustainable, and inclusive public procurement process.
To achieve this, the partnership provides practical tools, resources, and guidance to governments at various stages of procurement reform. By offering personalized and targeted support through their in-country experts located on all continents, they ensure that governments can implement open contracting effectively to achieve long-lasting reforms. This commitment to helping governments succeed in their open contracting journeys ultimately contributes to a more transparent, accountable, and equitable public procurement system.
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Impact
July, 2024
The Open Contracting Partnership has been instrumental in transforming public contracting through open data and smarter engagement. By providing practical tools, resources, and guidance on implementing open contracting, they have helped governments around the world achieve better reforms that are sustainable and inclusive. Their in-country experts, located on all continents, offer targeted support throughout the implementation journey, leading to a more open and data-driven government contracting ecosystem. This work has had a significant impact on making public procurement more transparent, accountable, and efficient.
This information is meant to be a general summary of Open Contracting Partnership. 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 2023.
- Investment Income: $81,097
- Program Service Revenue: $34,700
- Gross Receipts: $8,021,403
Assets and Liabilities:
- Total Assets: $1,430,536
- Total Liabilities: $297,805
- Net Assets: $1,132,731
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service revenue
Revenue
$34,700
Organization Details
Founding Year
2020
Principal Officer
Gavin Hayman
Website
www.open-contracting.orgNTEE Category
Code: W20 - Public benefit
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