INTERLEDGER FOUNDATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- INTERLEDGER FOUNDATION (EIN 84-2364885)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-31
- IRS object ID
- 202343049349300624
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-31T08:26:02-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 111986323 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARCUM LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1899 L STREET NW 850 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 842364885 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERLEDGER FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INTE | BusinessNameControlTxt |
| Phone | 2018628453 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 610 E ZACK ST STE 110-4289 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33602 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIANA MARBURY | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2018628453 | PhoneNum |
| Signature | 2023-10-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRIANA | PersonFirstNm |
| Person Last | MARBURY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AARON M FOX | PreparerPersonNm |
| PTIN | P01365820 | PTIN |
| Phone | 2028225000 | PhoneNum |
| Preparation | 2023-10-26 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRIANA MARBURY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 610 E ZACK ST STE 110-4289 | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $90,677,035 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.INTERLEDGER.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | THE INTERLEDGER FOUNDATION IS A NONPROFIT ADVOCATE FOR THE WEB, PROMOTING INNOVATION, CREATIVITY, AND INCLUSION BY ADVANCING OPEN PAYMENT STANDARDS AND TECHNOLOGIES THAT SEAMLESSLY CONNECT OUR GLOBAL SOCIETY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $129,145,759 | PYContributionsGrantsAmt |
| CY Contributions Grants | $250,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$17,343,311 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,413 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $3,444 | CYOtherRevenueAmt |
| PY Total Revenue | $111,802,448 | PYTotalRevenueAmt |
| CY Total Revenue | $256,857 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,958,849 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,305,561 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $752,689 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,468,245 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $113,775 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,334,835 | PYOtherExpensesAmt |
| CY Other Expenses | $1,835,429 | CYOtherExpensesAmt |
| PY Total Expenses | $6,046,373 | PYTotalExpensesAmt |
| CY Total Expenses | $4,609,235 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $105,756,075 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$4,352,378 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $102,603,336 | TotalAssetsBOYAmt |
| Total Assets EOY | $75,537,366 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,225,914 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $287,931 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $100,377,422 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $75,249,435 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE INTERLEDGER FOUNDATION IS A NONPROFIT ADVOCATE FOR THE WEB, PROMOTING INNOVATION, CREATIVITY, AND INCLUSION BY ADVANCING OPEN PAYMENT STANDARDS AND TECHNOLOGIES THAT SEAMLESSLY CONNECT OUR GLOBAL SOCIETY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,496,936 | ExpenseAmt |
| Grant | $1,305,561 | GrantAmt |
| Desc | INTERLEDGER WORKS TO BROADEN THE DIVERSITY OF VOICES IN THE TECH ECOSYSTEM BY USING THE INTERLEDGER PROTOCOL (ILP) TO POWER A CURRENCY-AGNOSTIC PAYMENTS NETWORK AS A DRIVER FOR DIGITAL FINANCIAL INCLUSION. INTERLEDGER HAD THE FOLLOWING ACCOMPLISHMENTS IN 2022: IN OUR GRANT-MAKING, WE FUNDED 56 PROJECTS IN 24 COUNTRIES WHILE EXPANDING THE PROGRAM AREAS WE FUND. WE HELD A GLOBAL INTERLEDGER SUMMIT THAT BROUGHT TOGETHER DEVELOPERS, ACTIVISTS, AND ENTREPRENEURS TO BUILD ON THE MOMENTUM OF THE FOUNDATION. IN ADDITION, WE LED THE COMMUNITY, ECOSYSTEM, AND PARTNERS TOWARDS ADVANCING THE FUNCTIONALITY OF THE INTERLEDGER PROTOCOL. WE'VE DEVELOPED NEW SERVICES, TOOLS, AND RESOURCES FOR THE STANDARDS WE STEWARD: OPEN PAYMENTS AND WEB MONETIZATION. | Desc |
| Total Program Service Expenses | $3,496,936 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 33 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 11 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | SZ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIANA MARBURY | PersonNm |
| Phone | 2018628453 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 785 MARKET STREET SUITE 900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|
| STEFAN THOMAS | |||||||
| CHAIRPERSON | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| EVAN SCHWARTZ | |||||||
| PRESIDENT | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MAHA BAHOU | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS LARSEN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KONSTANTIN PERIC | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BRIANA MARBURY | |||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | $325,000 | $0 | $27,616 | ||
| GARY MORRIS | |||||||
| TREASURER AND SECRETARY | 10.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIKA DRUSHKA | |||||||
| HEAD OF OPERATIONS | 40.00 | $173,021 | $0 | $22,239 | Yes (X) | ||
| CHRIS LAWRENCE | |||||||
| HEAD OF PROGRAMS | 40.00 | $167,500 | $0 | $9,550 | Yes (X) | ||
| ALEX LAKATOS | |||||||
| CTO | 40.00 | $169,694 | $0 | $9,898 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $835,215 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $69,303 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NEW ORLEANS MARRIOTT WAREHOUSE ARTS DIST | |||||
| 859 CONVENTION CENTER BLVD | NEW ORLEANS | LA | 70130 | EVENT VENUE | $257,400 |
| DFS LAB LLC | |||||
| 7274 TRACES DRIVE | HELENA | MT | 59602 | RESEARCH | $138,831 |
| BUTZEL LONG | |||||
| 150 W JEFFERSON STE 100 | DETROIT | MI | 48226 | LEGAL FEES | $124,126 |
| MARCUM LLP | |||||
| 1899 L STREET NW STE 850 | WASHINGTON | DC | 20036 | ACCOUNTING SERVICES | $101,998 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $250,000 | AllOtherContributionsAmt |
| Total Contributions | $250,000 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $851,424 | TotalRevenueColumnAmt |
| Exclusion | $851,424 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $89,572,167 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $90,420,178 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$848,011 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$848,011 | TotalRevenueColumnAmt |
| Exclusion | -$848,011 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| MISCELLANEOUS | 900099 | $4,092 | $4,092 |
| FOREIGN CURRENCY GAIN/LOSS | 900099 | -$648 | -$648 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,444 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $256,857 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,857 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $357,020 | TotalAmt |
| Program Services | $357,020 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $209,382 | TotalAmt |
| Program Services | $209,382 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $739,159 | TotalAmt |
| Program Services | $739,159 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $904,517 | TotalAmt |
| Program Services | $536,738 | ProgramServicesAmt |
| Management And General | $322,754 | ManagementAndGeneralAmt |
| Fundraising | $45,025 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $366,286 | TotalAmt |
| Program Services | $280,582 | ProgramServicesAmt |
| Management And General | $72,999 | ManagementAndGeneralAmt |
| Fundraising | $12,705 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,779 | TotalAmt |
| Program Services | $108,370 | ProgramServicesAmt |
| Management And General | $36,418 | ManagementAndGeneralAmt |
| Fundraising | $5,991 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,663 | TotalAmt |
| Program Services | $30,385 | ProgramServicesAmt |
| Management And General | $14,186 | ManagementAndGeneralAmt |
| Fundraising | $2,092 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,804 | TotalAmt |
| Program Services | $177,992 | ProgramServicesAmt |
| Management And General | $20,812 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $181,934 | TotalAmt |
| Management And General | $181,934 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $256,798 | TotalAmt |
| Management And General | $256,798 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $391,917 | TotalAmt |
| Program Services | $345,884 | ProgramServicesAmt |
| Management And General | $10,033 | ManagementAndGeneralAmt |
| Fundraising | $36,000 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,508 | TotalAmt |
| Program Services | $155,508 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,038 | TotalAmt |
| Program Services | $13,023 | ProgramServicesAmt |
| Management And General | $7,119 | ManagementAndGeneralAmt |
| Fundraising | $896 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,329 | TotalAmt |
| Program Services | $34,075 | ProgramServicesAmt |
| Management And General | $15,908 | ManagementAndGeneralAmt |
| Fundraising | $2,346 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,168 | TotalAmt |
| Program Services | $108,855 | ProgramServicesAmt |
| Management And General | $50,820 | ManagementAndGeneralAmt |
| Fundraising | $7,493 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $382,555 | TotalAmt |
| Program Services | $382,136 | ProgramServicesAmt |
| Management And General | $419 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,130 | TotalAmt |
| Program Services | $5,945 | ProgramServicesAmt |
| Management And General | $2,776 | ManagementAndGeneralAmt |
| Fundraising | $409 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,248 | TotalAmt |
| Program Services | $11,882 | ProgramServicesAmt |
| Management And General | $5,548 | ManagementAndGeneralAmt |
| Fundraising | $818 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,609,235 | TotalAmt |
| Program Services | $3,496,936 | ProgramServicesAmt |
| Management And General | $998,524 | ManagementAndGeneralAmt |
| Fundraising | $113,775 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,946,466 | BOYAmt |
| EOY | $84,768 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,450,126 | BOYAmt |
| EOY | $2,151,802 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $75,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,599 | BOYAmt |
| EOY | $18,447 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $25,586 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $9,577 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,155 | BOYAmt |
| EOY | $16,009 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $65,925,584 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,170,773 | BOYAmt |
| EOY | $7,228,650 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,217 | BOYAmt |
| EOY | $37,106 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,603,336 | BOYAmt |
| EOY | $75,537,366 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,580 | BOYAmt |
| EOY | $287,931 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,860,334 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,225,914 | BOYAmt |
| EOY | $287,931 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,999,115 | BOYAmt |
| EOY | $75,249,435 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,378,307 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,377,422 | BOYAmt |
| EOY | $75,249,435 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,603,336 | BOYAmt |
| EOY | $75,537,366 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$4,352,378 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$20,775,609 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $250,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,000,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $250,000 | CurrentTaxYearAmt |
| Total | $1,500,000 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $250,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,000,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $250,000 | CurrentTaxYearAmt |
| Total | $1,500,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $952,454 | SubstantialContributorsTotAmt |
| Public Support Total170 | $547,546 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $520 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,284 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $855,517 | CurrentTaxYearAmt |
| Total | $877,321 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,377,321 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $25,586 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,577 | DepreciationAmt |
| Book Value | $16,009 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $16,009 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CRYPTOCURRENCY | $6,757,650 | F |
| INVESTMENT IN RIPPLE LUXEMBOURG, SA | $471,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $7,228,650 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | -$20,775,550 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$20,775,609 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$20,775,609 | RevenueNotReportedAmt |
| Revenue Subtotal | $59 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $256,798 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $256,798 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $256,857 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,352,437 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,352,437 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $256,798 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $256,798 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,609,235 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION IS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT A PRIVATE FOUNDATION. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS PROPERLY MAINTAINED THEIR EXEMPT STATUS. THERE ARE NO TAX POSITIONS HELD BY THE FOUNDATION THAT ARE CONSIDERED TO BE UNCERTAIN. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)
| RegionRegionTxt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|
| SUB-SAHARAN AFRICA | 0 | GRANTS TO RECIPIENTS | $263,235 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 2 | GRANTS TO RECIPIENTS | $211,131 |
| SOUTH AMERICA | 0 | GRANTS TO RECIPIENTS | $97,357 |
| CENTRAL AMERICA AND THE CARIBBEAN | 1 | GRANTS TO RECIPIENTS | $79,290 |
| NORTH AMERICA | 6 | GRANTS TO RECIPIENTS | $75,000 |
| SOUTH ASIA | 1 | GRANTS TO RECIPIENTS | $13,146 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 10 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Subtotal Spent | $739,159 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $739,159 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (11 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $10,120 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| SUB-SAHARAN AFRICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $16,000 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $24,500 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| SUB-SAHARAN AFRICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $74,990 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| SOUTH AMERICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $75,000 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| SUB-SAHARAN AFRICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $75,000 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| NORTH AMERICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $75,000 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| CENTRAL AMERICA AND THE CARIBBEAN | GRANT FOR INNOVATION IN OPEN PAYMENTS | $75,000 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $75,000 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| SUB-SAHARAN AFRICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $75,500 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $94,394 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 11 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| GRANT FOR INNOVATION IN OPEN PAYMENTS | SUB-SAHARAN AFRICA | 8 | $19,165 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT |
| GRANT FOR INNOVATION IN OPEN PAYMENTS | SOUTH AMERICA | 4 | $22,357 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT |
| GRANT FOR INNOVATION IN OPEN PAYMENTS | SOUTH ASIA | 4 | $13,146 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT |
| GRANT FOR INNOVATION IN OPEN PAYMENTS | EUROPE (INCLUDING ICELAND & GREENLAND) | 4 | $7,117 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT |
| GRANT FOR INNOVATION IN OPEN PAYMENTS | CENTRAL AMERICA AND THE CARIBBEAN | 2 | $4,290 | PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | WE REQUIRE TWO PUBLIC REPORTS - AN INTERIM AND A FINAL - DOCUMENTING PROGRESS ON PROJECT DELIVERABLES. THESE ARE POSTED ON OUR INTERNET COMMUNITY SPACE FOR ANYONE TO VIEW. WE ALSO REQUIRE TWO PRIVATE FINANCIAL REPORTS - AN INTERIM AND A FINAL - DOCUMENTING HOW THE AWARD FUNDS HAVE BEEN SPENT. VARIATIONS FROM THE ORIGINAL BUDGET REQUIRE AN APPROVAL. LARGE VARIATIONS FROM THE ORIGINAL BUDGET, SCOPE, DELIVERABLES OR TIMELINE REQUIRE SPECIFIC WRITTEN DOCUMENTATION AND APPROVAL. FOR AWARDEES RECEIVING MORE THAN ONE AWARD PAYMENT, SUBSEQUENT PAYMENTS ARE GATED ON AN APPROVAL FROM THE PROGRAM TEAM ON THE INTERIM REPORTING. |
| PART III ACCOUNTING METHOD: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| BEATS BY GIRLZ | |||||||||
| 2812 WEST JASPER DR | CHANDLER | AZ | 85224 | 844427785 | 501(C)(3) | $40,000 | $0 | GRANTS FOR INNOVATION IN OPEN PAYMENTS | |
| BLACK WEB FESTIVAL INC | |||||||||
| 114 RYERSON STREET | BROOKLYN | NY | 11205 | 352741474 | $38,520 | $0 | GRANTS FOR INNOVATION IN OPEN PAYMENTS | ||
| BOWIE STATE UNIVERSITY FOUNDATION | |||||||||
| 14000 JERICHO PARK ROAD | BOWIE | MD | 20715 | 520952758 | 501(C)(3) | $30,000 | $0 | GRANTS FOR INNOVATION IN OPEN PAYMENTS | |
| DIVAO LLC | |||||||||
| 16193 COASTAL HIGHWAY | LEWES | DE | 19958 | 301190582 | $75,000 | $0 | GRANTS FOR INNOVATION IN OPEN PAYMENTS | ||
| GHOST IN THE MACHINE DBA SNAKE NATION | |||||||||
| 3674 CHARLES DRIVE | ATLANTA | GA | 30314 | 473821302 | $75,000 | $0 | GRANTS FOR INNOVATION IN OPEN PAYMENTS | ||
| METASEBIA YOSEPH | |||||||||
| 3270 ROBERT CLIFTON WEAVER WAY | WASHINGTON | DC | 20018 | 270753847 | $20,000 | $0 | GRANTS FOR INNOVATION IN OPEN PAYMENTS | NORTHEAST | |
| MY WALLET GURU LLC | |||||||||
| 674 GLENRIDGE RD | KEY BISCAYNE | FL | 33149 | 873870283 | $75,000 | $0 | GRANTS FOR INNOVATION IN OPEN PAYMENTS | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 5 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| PROGRAM AMBASSADORS | 4 | $190,498 |
| JUDGE GRANT | 2 | $3,528 |
| PROGRAM GRANTEES | 7 | $15,356 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | WE REQUIRE TWO PUBLIC REPORTS - AN INTERIM AND A FINAL - DOCUMENTING PROGRESS ON PROJECT DELIVERABLES. THESE ARE POSTED ON OUR INTERNET COMMUNITY SPACE FOR ANYONE TO VIEW. WE ALSO REQUIRE TWO PRIVATE FINANCIAL REPORTS - AN INTERIM AND A FINAL - DOCUMENTING HOW THE AWARD FUNDS HAVE BEEN SPENT. VARIATIONS FROM THE ORIGINAL BUDGET REQUIRE AN APPROVAL. LARGE VARIATIONS FROM THE ORIGINAL BUDGET, SCOPE, DELIVERABLES OR TIMELINE REQUIRE SPECIFIC WRITTEN DOCUMENTATION AND APPROVAL. FOR AWARDEES RECEIVING MORE THAN ONE AWARD PAYMENT, SUBSEQUENT PAYMENTS ARE GATED ON AN APPROVAL FROM THE PROGRAM TEAM ON THE INTERIM REPORTING. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRIANA MARBURY | ||||||||||||||
| PRESIDENT & CEO | $325,000 | $0 | $0 | $0 | $0 | $0 | $15,250 | $0 | $12,366 | $0 | $352,616 | $0 | $0 | $0 |
| ERIKA DRUSHKA | ||||||||||||||
| HEAD OF OPERATIONS | $173,021 | $0 | $0 | $0 | $0 | $0 | $17,037 | $0 | $5,202 | $0 | $195,260 | $0 | $0 | $0 |
| ALEX LAKATOS | ||||||||||||||
| CTO | $169,694 | $0 | $0 | $0 | $0 | $0 | $8,233 | $0 | $1,665 | $0 | $179,592 | $0 | $0 | $0 |
| CHRIS LAWRENCE | ||||||||||||||
| HEAD OF PROGRAMS | $167,500 | $0 | $0 | $0 | $0 | $0 | $8,500 | $0 | $1,050 | $0 | $177,050 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | PER POLICY, BUSINESS CLASS TRAVEL IS PROVIDED TO OFFICERS ON FLIGHTS OVER 5 HOURS. PAYMENTS ARE MADE VIA INTERLEDGER FOUNDATION'S CARD WITH SUPPORTING RECEIPTS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | MR. LARSEN IS THE CHAIRMAN OF RIPPLE. MR. SCHWARTZ IS THE PRESIDENT OF THE INTERLEDGER FOUNDATION AND THE CO-CREATOR OF THE INTERLEDGER PROTOCOL. MR. THOMAS IS THE FOUNDER AND CEO OF COIL, AND THE CO-CREATOR OF THE INTERLEDGER PROTOCOL. MR. PERIC IS AN EMPLOYEE OF THE BILL & MELINDA GATES FOUNDATION, WHICH IS PARTNERING WITH COIL. MR. MORRIS IS THE COO OF COIL. |
| FORM 990, PART VI, SECTION B, LINE 11B | INTERLEDGER FOUNDATION'S GOVERNING BODY IS PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES, COMMITTEE MEMBERS AND OTHERS THAT MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION ARE REQUIRED TO ANNUALLY COMPLETE A CONFLICT OF INTEREST DECLARATION AS A METHOD OF DISCLOSING AND ETHICALLY RESOLVING POTENTIAL CONFLICTS OF INTEREST. REAL OR PERCEIVED CONFLICTS OF INTEREST ARE DETERMINED BY EITHER THE EXECUTIVE DIRECTOR, OR THE BOARD OF DIRECTORS, DEPENDENT UPON THE LEVEL AT WHICH THE REAL OR PERCEIVED CONFLICT EXISTS. LIKEWISE, REAL OR PERCEIVED INTERESTS ARE ALSO REVIEWED AT SIMILAR LEVELS BASED ON THE SAME PARAMETERS. PERSONS THAT ARE UNDER CONSIDERATION FOR THE REAL OR PERCEIVED INTEREST ARE PRECLUDED FROM PARTICIPATING IN THE DISCUSSIONS AROUND THE CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | AN INDEPENDENT COMPENSATION REVIEW WAS CONDUCTED IN OCTOBER 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | INTERLEDGER FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RIPPLE LUXEMBOURG SA | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 RUE HENRI SCHNADT | AddressLine1Txt |
| City | LUXEMBOURG | CityNm |
| Country | LU | CountryCd |
| Foreign Postal | L-2530 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legal Domicile Foreign Country | LU | LegalDomicileForeignCountryCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERLEDGER FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Share Of EOY Assets | $471,000 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |