Overview
What is Open Community Foundation?
The Open Community Foundation is a nonprofit organization based in Seattle, Washington, with the mission to establish a global, decentralized social platform. This platform empowers individuals to own and control their identities, content, and communities independently from the apps and services they use. The foundation's work revolves around creating an open internet where people have autonomy over their digital presence.
Is Open Community Foundation legitimate?
Open Community Foundation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Open Community Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Open Community Foundation?
The Open Community Foundation aims to establish a global, decentralized social platform. On this platform, individuals maintain autonomy over their identities, content, and communities, independently from the apps and services they utilize. The Foundation's mission is to create an open system that empowers users to control their digital presence without reliance on external entities. This social platform is designed to be global, ensuring its accessibility to people from all corners of the world. By fostering decentralization, the Open Community Foundation enables users to retain their independence and self-governance, making for a more equitable and autonomous digital landscape.
Who is the CEO of Open Community Foundation?
Niraj Sheth is the Chairman of Open Community Foundation.
What is the revenue of Open Community Foundation?
Open Community Foundation's revenue in 2022 was $14,218,688.
Who are the executives of Open Community Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Open Community Foundation?
Open Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Open Community Foundation
The Open Community Foundation, a pioneering organization, is dedicated to the creation of a global, open, and decentralized social platform. In simple terms, this foundation aims to give people the power to own and control their identities, content, and communities, independent of the apps and services they use.
The foundation's primary objective is to develop a decentralized social infrastructure where individuals possess autonomy over their digital presence. This means that rather than relying on third-party platforms to manage their identities and content, people can maintain their digital assets under their own control. This decentralization not only enhances privacy but also fosters a more democratic and inclusive digital space.
The mission of the Open Community Foundation is twofold. On one hand, it seeks to create a global network that ensures openness and accessibility for all. This means that anyone, regardless of their location or socio-economic background, can participate in this decentralized digital community. On the other hand, the foundation strives to promote decentralization, ensuring that no single entity holds sway over the platform or the data it contains.
By enabling people to take ownership of their digital identities and content, the Open Community Foundation aims to foster a more equitable and democratic digital landscape. This vision goes beyond just providing a platform; it empowers individuals to shape their own digital communities and interact with one another in a more meaningful and autonomous way.
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Impact
October, 2024
Open Community Foundation is driving significant change in how individuals interact online by pioneering the development of a global, open, and decentralized internet. This initiative empowers people by enabling them to own and manage their identities, content, and communities without reliance on central apps or services. By researching decentralized communities, the foundation actively contributes to a reimagined digital landscape where users have greater control and agency over their online experiences. Its commitment to fostering an internet that prioritizes individual autonomy supports the creation of environments that are more equitable and accessible for all. Situated in Seattle, WA, Open Community Foundation represents a forward-thinking approach to digital governance and community building, aiming to transform the internet into a space that genuinely reflects the needs and aspirations of its users.
This information is meant to be a general summary of Open Community Foundation. 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: $32,630
- Gross Receipts: $14,218,688
Assets and Liabilities:
- Total Assets: $14,090,426
- Total Liabilities: $0
- Net Assets: $14,090,426
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Organization Details
Founding Year
2021
Phone
(415) 697-4340Principal Officer
Niraj Sheth
Main Address
3632 36TH AVE W, SEATTLE, WA, 98199
NTEE Category
Code: W99 - Public benefit
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