Open Transformation Lab Inc

EIN: 823402717 501(c)(3) Science & Technology

New York, NY

Total Revenue
$1,140,783
Total Expenses
$1,066,569
Total Assets
$408,995
Net Assets
$352,057
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Phone
2027338338
Tax Period
2024-01-01 to 2024-12-31

Open Transformation Lab Inc, founded in 2018, is a community nonprofit in the Science & Technology sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 7% surplus.

Mission

The missions is to provide information and resources to counter disinformation, propaganda, and offer a window to trusted content about the events that are going on in the Middle East.

Program Service Accomplishments

Program 1
Expenses: $452,179 Revenue: $369,923

Technology As a key component of OTLs strategy, the Organization expanded its digital footprint across various applications and platforms. Regular updates were made to websites, and bolstered OTLs...

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Technology As a key component of OTLs strategy, the Organization expanded its digital footprint across various applications and platforms. Regular updates were made to websites, and bolstered OTLs presence on social media platforms like Instagram, YouTube, Facebook and TikTok. This technology-driven approach allowed the Organization to disseminate content more effectively, reaching a wider audience and fostering greater engagement. As a testament to successful digital strategy, OTL now have a million followers across our social media platforms.

Program 2
Expenses: $402,725 Revenue: $509,720

Content Creation Content creation was central to OTLs mission. The Organization focused on debunking rumors, particularly those fostering hate speech and discrimination against vulnerable groups in...

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Content Creation Content creation was central to OTLs mission. The Organization focused on debunking rumors, particularly those fostering hate speech and discrimination against vulnerable groups in Egypt and the broader Arab societies. OTLs fact-checking initiatives spanned a broad spectrum, from scientific misinformation, religious and folk superstitions, to government remarks, and news propagated by text and audiovisual media outlets. The team undertook a unique initiative of fact-checking news related to soccer, acknowledging its influential role in Egyptian society and its potential to fuel rumors and social tensions.

Program 3
Expenses: $135,745 Revenue: $233,330

Fellowships In OTLs endeavor to create a comprehensive understanding of the misinformation landscape, the Organization collaborated with researchers for content analysis of rumors and false news in...

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Fellowships In OTLs endeavor to create a comprehensive understanding of the misinformation landscape, the Organization collaborated with researchers for content analysis of rumors and false news in the region. This fellowship model offered us the opportunity to access a wider pool of knowledge and expertise. In addition, OTL publishes extended news features on a regular basis, unrelated to its daily work. These pieces were prepared in advance and tackled societal issues such as hate speech, natural disasters, diseases, and elections, providing an in-depth and non-time-sensitive journalistic perspective.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,140,263
Program Service Revenue $0
Investment Income $520
Other Revenue $0
TOTAL REVENUE $1,140,783

Expense Breakdown

Grants Paid $25,500
Salaries & Benefits $133,888
Fundraising Expenses $0
Program Expenses $1,042,407
Other Expenses $881,013
TOTAL EXPENSES $1,066,569

Year-over-Year Comparison

2024 2023 Change
Revenue $1,140,783 $840,599 +0.4%
Expenses $1,066,569 $810,067 +0.3%
Net Income $74,214 $30,532 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$127,732
Total Directors
5
$127,732
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Abdelrahman Mansour President 40.00
Officer Director
$107,031 $20,701 $127,732
Amr Magdi Director 5.00
Director
$0 $0 $0
Mohamed Mostafa Director 5.00
Director
$0 $0 $0
Mohamed Aboelgheit Director 5.00
Director
$0 $0 $0
Mohamed Mahmoud Director 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,140,783 $1,066,569 $408,995 $74,214
2023 $840,599 $810,067 $299,463 $30,532
2022 $747,883 $527,888 $250,660 $219,995
2022 $747,883 $527,888 $250,660 $219,995
2021 $315,900 $336,488 $27,316 $-20,588
2020 $220,702 $157,989 No data $62,713
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