OASIS Open revenue: $4,632,683 in 2024, and the year the IRS has not seen

Quick answer. OASIS Open reported total revenue of $4,632,683 in FY2024 (year ended 31 December 2024), up 40.40% from $3,299,673 in FY2023 and $3,200,863 in FY2022. FY2024 turned a $616,017 deficit into a $415,595 surplus. For FY2025 the organisation's own combined statements show $4,058,470 of revenue and a $208,875 surplus, a figure the IRS has not yet received. EIN 25-1720375, a 501(c)(6) business league in Woburn, Massachusetts.

Three numbers, three different places, and only one of them is a tax return.

That is the whole problem with OASIS Open's revenue. The standards body behind SAML, DocBook, OpenDocument and a long shelf of security specifications files a Form 990 like any other American trade association. Its FY2024 return was filed on 21 August 2025 and carries a single headline figure. Its FY2025 numbers exist too, in a PDF on its own website whose own filename dates it 30 April 2026, covering a year for which the Internal Revenue Service holds no return at all. And in between sits a sentence on the tax return saying the financial statements are not public.

They are. That is where this gets interesting.

What OASIS Open's revenue actually was

The filed return gives three years in two documents. FY2024 and its prior-year column, plus the FY2023 return and its own prior-year column, produce this:

The net-asset roll-forward foots in every year with no prior-period adjustment anywhere: $1,601,535 less $616,017 gives exactly $985,518, and $985,518 plus $415,595 gives exactly $1,401,113. The self-published FY2025 statements then continue the chain exactly, $1,401,113 plus $208,875 equals $1,609,988.

FY2023 is the worst year in the series and FY2024 the best. The deficit was 18.67% of that year's revenue. The recovery was not a cost story: expenses rose 7.70% in FY2024. Revenue rose $1,333,010.

The sentence on the tax return

Schedule O of both the FY2023 and FY2024 returns answers Form 990 Part VI, line 19, which asks an organisation to describe whether and how it makes its governing documents, conflict of interest policy and financial statements available to the public. The answer is identical in both years:

OASIS Open, Schedule O, Form 990 Part VI line 19, FY2023 and FY2024, verbatim: "THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. ITS FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC, HOWEVER THEY ARE MADE AVAILABLE TO MEMBERS THROUGH ITS WEBSITE."

Taken at face value that would make this article impossible. It is also, as a description of what OASIS Open does, too modest by a wide margin.

The organisation's public annual reports page carries seven consecutive Annual Reports to Members, 2019 through 2025, as free PDFs with no login. The 2024 edition contains a full combined balance sheet and a combined statement of revenue and expenses. So does the 2025 edition. Both are headed "Income Tax Basis" and both are signed off in the text as prepared without audit.

So the financial statements are public, on the public website, and have been for years. The Part VI line 19 answer describes the floor set by the bylaws, which require an annual report to be distributed to directors and made available for inspection by directors and members, rather than describing what the organisation actually does. Reading the bylaws alongside the return, the practice exceeds the obligation. That is the opposite of concealment, and it is worth saying plainly before anything else here is read as an accusation.

There is a second half to it, though, and it runs the other way. The top result on Google for the phrase "oasis open revenue" is not the annual report. It is a document on the members' community site titled, in its own PDF metadata, "FEB2021 Draft Financial Statements 03.15.2021.xlsx". The body is a memo reading "Memo to: Board of Managers", "From: Scott McGrath", dated 3/18/2021, cc'd to "Cathie Mayo", and it is a budget-versus-actuals variance sheet. It is served over a redirect to a presigned storage URL and it returns HTTP 200 to a plain request with no account and no cookie. The third result is a board-of-managers discussion thread, also publicly readable, in which named staff discuss a specific member's renewal and the revenue forecast attached to it.

The members-only material is not members-only. That is a platform behaviour rather than a stated policy, and it is the narrow, checkable gap between what the return says and what is true.

What the 990 hides: most of the revenue is not OASIS's

The Form 990 reports program service revenue in two lines. One of them, described as "MEMBERSHIP DUES & PROJECT SUP", is $4,331,120, which is 93.49% of FY2024 revenue. That single line is where the interesting structure goes to die.

The annual report splits it:

The first three add to $4,331,120 exactly, which is the 990's one collapsed line. Add the $6,903 of interest income the annual report reports separately and the total reaches $4,632,683, the figure on the return, to the dollar.

The split that matters more is not by revenue type but by entity. OASIS Open runs OASIS Open Development Foundation LLC, a Delaware series LLC, whose series include the Open Mobility Foundation and the Samvera Foundation. All three are single-member disregarded entities, so for tax purposes they are OASIS Open, and their money lands inside that one 990 figure. The annual report keeps them in separate columns.

In the year OASIS Open reported its best revenue ever, the hosted foundations generated more operating revenue than OASIS itself, $2,644,931 against $2,208,571 before eliminations, and contributed $370,598 of the $415,595 surplus. That is 89.17% of the year's surplus. The standards body's own operations cleared $44,997.

FY2025 inverts it:

OASIS's own result improved from $44,997 to $262,035. The Associates swung from a $370,598 contribution to a $53,160 drag. Combined revenue fell 12.39% to $4,058,470, and almost all of the fall is in the Associates column.

Both tables foot in every column. Both roll forward correctly into the balance sheets alongside them.

The disclosure that went backwards

Schedule R of the Form 990 lists those three disregarded entities. The FY2023 return reported their income and end-of-year assets: Open Mobility Foundation at $950,131 of income and $442,816 of assets, Samvera Foundation at $263,313 and $423,624.

The FY2024 return lists the same three entities and reports neither column for any of them. The elements are not zero. They are absent.

So the one year in which the hosted foundations supplied the majority of revenue and nearly all of the surplus is the year the tax return stopped saying how much they supplied. A reader of the 990 alone can see that the entities exist and cannot see what they did. A reader of the annual report can see both. This is recorded here as a measurement, not a motive: nothing in either document explains the change, and the annual report published five months earlier than the return was filed is more informative on exactly this point.

The executive compensation figure that is wrong everywhere

ProPublica's Nonprofit Explorer page for OASIS Open reports FY2024 "Executive Compensation" of $218,863, which is 5.2% of expenses. That is Part IX line 5 of the return, read correctly.

It is not what OASIS Open paid its officers.

Part IX of Form 990 splits compensation across lines 5 to 10. Line 5 is "Compensation of current officers, directors, trustees, and key employees". Line 6 is "Compensation not included above to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)". The FY2024 return reports $218,863 on line 5 and $189,734 on line 6. Line 6 was zero in FY2023.

Schedule J of the same return identifies $189,734 precisely. It is the total compensation of Francis Beland, Executive Director: base compensation of $175,948 plus $13,786 of non-taxable benefits. The executive director's entire package sits on the disqualified-persons line.

Section 4958, by its own terms, applies to organisations described in section 501(c)(3), 501(c)(4) and 501(c)(29). OASIS Open files as a 501(c)(6). The return reports no excess benefit transaction, carries no Schedule L, and answers no related to any loan or grant to an interested person. Nothing in the filing suggests a substantive disclosure. The most natural reading is a placement choice.

The consequence is arithmetic rather than legal, and it is visible:

The compensation block foots to Part I line 15 exactly in both years, $218,863 plus $189,734 plus $2,043,653 equals $2,452,250 for FY2024, and $445,950 plus $2,174,961 equals $2,620,911 for FY2023. So the executive compensation halved reading that falls out of line 5 is a reclassification, not a pay collapse. The real fall in officer pay was 8.38%, and total compensation across the organisation fell 6.44%.

Two other things are visible in Part VII and worth recording. First, the highest-paid person at OASIS Open is not its executive director. Andrew Glass Hastings, listed as OMF Executive Director, received total compensation of $254,241 against Beland's $189,734, a difference of $64,507 or 34.00%. The hosted foundation's chief out-earns the standards body's chief. Second, all eleven voting directors report zero compensation, as they did in FY2023, and Schedule O states that members elect directors who "SERVE TWO YEAR TERMS WITHOUT COMPENSATION".

The FY2024 return also reports a severance payment where FY2023 reported none, and the chief operating officer and chief technology officer who appeared in the FY2023 compensation table do not appear in FY2024. The return does not connect those facts and neither will this article.

Where the money sits, and how much of it is actually OASIS's

This is a membership body that bills in advance and files on the accrual basis, which means the headline cash position is misleading until you take the deferred revenue out.

Deferred revenue is 88.53% of all FY2024 liabilities and 89.36% of FY2025's. In all three years it exceeds total net assets, by $451,277, $494,819 and $318,990 respectively. The money in the bank is very largely members' prepaid dues, and the organisation's own unrestricted cushion is the right-hand column. It improved substantially across the period, from roughly seven weeks of cover to roughly three months, and that improvement is the real financial story of FY2024 and FY2025 rather than the revenue line.

Form 990 does not require a cash flow statement. It can be derived, because Part X gives both year ends:

The actual movement in cash and savings was $613,544. The same derivation for FY2023 produces negative $629,679 against an actual movement of negative $629,679. Both years foot to the dollar.

The single largest driver of FY2024's cash improvement is not the surplus. It is the $459,137 increase in deferred revenue, which is to say members paying earlier or paying for longer terms. That money is a liability, not a result.

What the incumbents get right and wrong

Three of the nine organic results for "oasis open revenue" concern this organisation at all. The other six are a Hong Kong listed company, a British schools trust, an American engineering firm, an energy-industry portal and, at two separate positions, an Indian securities broker. None of them is OASIS Open.

The FOSS Foundations Directory entry is accurate and current on the headline. It publishes "Revenue : 4632683" and "Assets EOY : 3542803" under a label reading "Tax Period : 2024-12-01", drawn from ProPublica's JSON, and it says so. Google's cached snippet for that page still shows the older $3,299,673, which is a search-index artefact and not an error on the page. The directory does carry one checkable mistake: it records OASIS Open's nonprofit type as "Nonprofit501c3". The filed returns set the subsection code to 6, and the 2024 annual report describes the organisation in its own words as "a 501[c]6 Not for Profit international consortium". It is a business league, not a charity, and the distinction matters because it is why no Schedule A public support test applies here at all.

ProPublica itself is accurate on revenue, expenses and assets, and understates officer compensation by $189,734 for the structural reason set out above. Its page also runs a year behind its own API, which still lists FY2024 among filings without extracted data while the web page carries the full figures.

Nobody publishes the entity split, the deferred revenue position, the compensation reclassification, the Schedule R disclosure change, or the FY2025 year at all.

The FY2025 year nobody has

One check is worth making explicit. The IRS publishes an index of every electronically filed return by receipt year. OASIS Open appears once in the 2023 index, once in 2024 and once in 2025. The 2026 index contains zero rows for this EIN. There is no FY2025 return in the IRS system, amended or otherwise, and no second filing for any year, which also rules out an amended return anywhere in the series.

So the FY2025 figures in the annual report are, at the time of writing, the most recent statement of OASIS Open's finances in existence. They show revenue down 12.39%, a surplus of $208,875, and a membership that round-tripped: 156 voting members at the end of 2023, 180 at the end of 2024, and 157 at the end of 2025. The annual report states the 2025 position in its own words as "157 voting members (an decrease of 23 from 2024) and 79 Individual members (a decrease of 1 from 2024)".

The revenue lines move in different directions underneath that. Technical Committee Membership Dues fell 8.85% to $1,348,320. Open Project Sponsor Revenues rose 49.97% to $1,084,985. Membership Dues and Sponsorships, which is the Associates' line, fell 51.00% to $1,043,008. Contributions rose 158.59% to $495,817.

What this is and is not

OASIS Open is a mid-sized trade association with 13 employees, a volunteer board, no audited accounts since the board accepted a recommendation in December 2023 to move from an audit to a review, and a business model in which the fastest-moving part is hosting other people's foundations. Its reporting is better than its tax return claims, worse than its tax return could be, and essentially invisible to anyone reading only the headline figure.

The $4,632,683 is real. It is also, in the year it was earned, mostly somebody else's.

All figures are taken from OASIS Open's Forms 990 for tax years 2022, 2023 and 2024 as filed with the Internal Revenue Service, from the organisation's own Annual Reports to Members for 2024 and 2025, and from ProPublica's Nonprofit Explorer. Form line references are checked against the IRS Form 990 for 2024. Where the return and the annual report differ, both figures are given.