ONFI-2017-990-PF.Pdf
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OMB No. 1545-0052 Form 990-PF Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation 2017 G Do not enter social security numbers on this form as it may be made public. Department of the Treasury Internal Revenue Service G Go to www.irs.gov/Form990PF for instructions and the latest information Open to Public Inspection For calendar year 2017 or tax year beginning , 2017, and ending , A Employer identification number Omidyar Network Fund, Inc 20-1173866 1991 Broadway St #200 B Telephone number (see instructions) Redwood City, CA 94063 650-482-2500 C If exemption application is pending, check here. G G Check all that apply: Initial return Initial return of a former public charity D1Foreign organizations, check here. G Final return Amended return Address change Name change 2 Foreign organizations meeting the 85% test, check here and attach computation . G H Check type of organization:X Section 501(c)(3) exempt private foundation Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation E If private foundation status was terminated under section 507(b)(1)(A), check here. G IJFair market value of all assets at end of year Accounting method: CashX Accrual (from Part II, column (c), line 16) Other (specify) F If the foundation is in a 60-month termination G $ 545,202,008. (Part I, column (d) must be on cash basis.) under section 507(b)(1)(B), check here. G Part I Analysis of Revenue and (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements Expenses (The total of amounts in expenses per books income income for charitable columns (b), (c), and (d) may not neces- purposes sarily equal the amounts in column (a) (cash basis only) (see instructions).) 1 Contributions, gifts, grants, etc., received (attach schedule). 127,327,940. 2 Check G if the foundation is not required to attach Sch. B 3 Interest on savings and temporary cash investments . 4 Dividends and interest from securities . 7,413,708. 7,413,708. 5a Gross rents. b Net rental income or (loss) . R 6a Net gain or (loss) from sale of assets not on line 10. 11,690,717. E b Gross sales price for all 275388207. V assets on line 6a . E 7 Capital gain net income (from Part IV, line 2) . 140,492,776. N 8 Net short-term capital gain . U 9 Income modifications . E Gross sales less 10 a returns and allowances . b Less: Cost of goods sold. c Gross profit or (loss) (attach schedule). 11 Other income (attach schedule). 62,767. 12 Total. Add lines 1 through 11 . 146,432,365. 147,969,251. 0. 13 Compensation of officers, directors, trustees, etc.. .. 0. 14 Other employee salaries and wages . 15 Pension plans, employee benefits . Legal fees (attach schedule) . A 16 a D Accounting fees (attach sch). M b I c Other professional fees (attach sch). .See . .St . 1. N 314,758. 314,758. O I 17 Interest. P S E T 18 Taxes (attach schedule)(see instrs). See. Stm. 2. 1,836,908. R R Depreciation (attach A A 19 T T schedule) and depletion . I I Occupancy . N V 20 G E 21 Travel, conferences, and meetings. A E 22 Printing and publications. N X Other expenses (attach schedule) D P 23 E N See Statement 3 28. 28. S 24 Total operating and administrative E S expenses. Add lines 13 through 23. 2,151,694. 314,786. 25 Contributions, gifts, grants paid. Part. .XV . 83,922,279. 85,669,190. 26 Total expenses and disbursements. Add lines 24 and 25. 86,073,973. 314,786. 0. 85,669,190. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements . 60,358,392. b Net investment income (if negative, enter -0-). 147,654,465. c Adjusted net income (if negative, enter -0-) . 0. BAA For Paperwork Reduction Act Notice, see instructions. TEEA0504L 08/25/17 Form 990-PF (2017) Form 990-PF (2017) Omidyar Network Fund, Inc 20-1173866 Page 2 Attached schedules and amounts in the description Beginning of year End of year Part II Balance Sheets column should be for end-of-year amounts only. (See instructions.) (a)Book Value (b) Book Value (c) Fair Market Value 1 Cash ' non-interest-bearing . 66,754. 1,891,410. 1,891,410. 2 Savings and temporary cash investments . 71,923,508. 134,455,032. 134,455,032. 3 Accounts receivable. G Less: allowance for doubtful accounts G 4 Pledges receivable . G Less: allowance for doubtful accounts G 5 Grants receivable . 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see instructions). 7 Other notes and loans receivable (attach sch). G A Less: allowance for doubtful accounts G S S 8 Inventories for sale or use . E 9 Prepaid expenses and deferred charges . T S 10a Investments ' U.S. and state government obligations (attach schedule). b Investments ' corporate stock (attach schedule) . Statement. 4. 165,971,667. 176,227,953. 176,227,953. c Investments ' corporate bonds (attach schedule) . Statement. 5. 86,347,112. 83,403,734. 83,403,734. 11 Investments ' land, buildings, and equipment: basis. G Less: accumulated depreciation (attach schedule) . G 12 Investments ' mortgage loans. 13 Investments ' other (attach schedule). Statement. 6. 88,133,461. 89,885,156. 89,885,156. 14 Land, buildings, and equipment: basis G Less: accumulated depreciation (attach schedule) . G 15 Other assets (describe G See Statement 7 ) 50,582,551. 59,338,723. 59,338,723. 16 Total assets (to be completed by all filers ' see the instructions. Also, see page 1, item I). 463,025,053. 545,202,008. 545,202,008. L 17 Accounts payable and accrued expenses. 75,871. 72,948. I A 18 Grants payable. 16,298,053. 14,515,021. B 19 Deferred revenue. I L 20 Loans from officers, directors, trustees, & other disqualified persons. I 21 Mortgages and other notes payable (attach schedule). T I 22 Other liabilities (describeG See Statement 8 ) 2,193,813. 2,500,563. E S 23 Total liabilities (add lines 17 through 22). 18,567,737. 17,088,532. Foundations that follow SFAS 117, check here. G X and complete lines 24 through 26, and lines 30 and 31. NF 24 Unrestricted. 444,457,316. 528,113,476. EU Temporarily restricted . TN 25 D 26 Permanently restricted. A G BS Foundations that do not follow SFAS 117, check here. AS and complete lines 27 through 31. LE Capital stock, trust principal, or current funds. AT 27 NS 28 Paid-in or capital surplus, or land, bldg., and equipment fund. C Retained earnings, accumulated income, endowment, or other funds . EO 29 SR 30 Total net assets or fund balances (see instructions) . 444,457,316. 528,113,476. 31 Total liabilities and net assets/fund balances (see instructions). 463,025,053. 545,202,008. Part III Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year ' Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) . 1 444,457,316. 2 Enter amount from Part I, line 27a . 2 60,358,392. 3 Other increases not included in line 2 (itemize). G See Statement 9 3 23,297,768. 4 Add lines 1, 2, and 3. 4 528,113,476. 5 Decreases not included in line 2 (itemize). G 5 6 Total net assets or fund balances at end of year (line 4 minus line 5) ' Part II, column (b), line 30 . 6 528,113,476. BAA TEEA0302L 08/24/17 Form 990-PF (2017) Form 990-PF (2017) Omidyar Network Fund, Inc 20-1173866 Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (for example, real estate, (b)How acquired (c) Date acquired (d) Date sold 2-story brick warehouse; or common stock, 200 shares MLC Company) P ' Purchase (mo., day, yr.) (mo., day, yr.) D ' Donation 1a Publicly Traded Securities P Various Various b Publicly Traded Securities (Donated) D Various Various c From Partnership K-1s P Various Various d Bridges Social Impact Bond Fund P Various Various e Carlyle/Riverstone LNG II Partnership P Various Various (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis(h) Gain or (loss) (or allowable) plus expense of sale ((e) plus (f) minus (g)) a 148,246,593. 134,703,104. 13,543,489. b 125,759,355. 430,875. 125,328,480. c 1,671,679. 1,671,679. d 12,767. 12,767. e 63,639. -63,639. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus col. (k), but not less (i) FMV as of 12/31/69 (j) Adjusted basis (k) Excess of col. (i) as of 12/31/69 over col. (j), if any than -0-) or Losses (from col. (h)) a 13,543,489. b 125,328,480. c 1,671,679. d 12,767. e -63,639. If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss).. If (loss), enter -0- in Part I, line 7 2 140,492,776. 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c). See instructions. If (loss), enter -0- in Part I, line 8 . 3 0.