2023-10-31T08:26:02-05:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-01-01 842364885 INTERLEDGER FOUNDATION INTE 2018628453 610 E ZACK ST STE 110-4289 TAMPA FL 33602 BRIANA MARBURY EXECUTIVE DIRECTOR 2018628453 2023-10-26 1 BRIANA MARBURY 999009999 0 AARON M FOX P01365820 2028225000 2023-10-26 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIANA MARBURY 610 E ZACK ST STE 110-4289 TAMPA FL 33602 90677035 0 X WWW.INTERLEDGER.ORG X 2019 CA 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. 5 5 11 6 0 0 129145759 250000 0 0 -17343311 3413 0 3444 111802448 256857 3958849 1305561 0 0 752689 1468245 0 0 113775 1334835 1835429 6046373 4609235 105756075 -4352378 102603336 75537366 2225914 287931 100377422 75249435 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. 0 0 3496936 1305561 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. 3496936 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 33 0 1 11 1 0 1 SZ 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X BRIANA MARBURY 2018628453 785 MARKET STREET SUITE 900 SAN FRANCISCO CA 94103 STEFAN THOMAS CHAIRPERSON 5.00 X X 0 0 0 EVAN SCHWARTZ PRESIDENT 10.00 X X 0 0 0 MAHA BAHOU DIRECTOR 2.00 X 0 0 0 CHRIS LARSEN DIRECTOR 2.00 X 0 0 0 KONSTANTIN PERIC DIRECTOR 2.00 X 0 0 0 BRIANA MARBURY PRESIDENT & CEO 40.00 X 325000 0 27616 GARY MORRIS TREASURER AND SECRETARY 10.00 X 0 0 0 ERIKA DRUSHKA HEAD OF OPERATIONS 40.00 X 173021 0 22239 CHRIS LAWRENCE HEAD OF PROGRAMS 40.00 X 167500 0 9550 ALEX LAKATOS CTO 40.00 X 169694 0 9898 835215 0 69303 4 0 1 0 NEW ORLEANS MARRIOTT WAREHOUSE ARTS DIST 859 CONVENTION CENTER BLVD NEW ORLEANS LA 70130 EVENT VENUE 257400 DFS LAB LLC 7274 TRACES DRIVE HELENA MT 59602 RESEARCH 138831 BUTZEL LONG 150 W JEFFERSON STE 100 DETROIT MI 48226 LEGAL FEES 124126 MARCUM LLP 1899 L STREET NW STE 850 WASHINGTON DC 20036 ACCOUNTING SERVICES 101998 4 250000 250000 851424 851424 89572167 90420178 -848011 -848011 -848011 MISCELLANEOUS 900099 4092 4092 FOREIGN CURRENCY GAIN/LOSS 900099 -648 -648 3444 256857 0 0 6857 357020 357020 209382 209382 739159 739159 904517 536738 322754 45025 366286 280582 72999 12705 150779 108370 36418 5991 46663 30385 14186 2092 198804 177992 20812 181934 181934 256798 256798 391917 345884 10033 36000 155508 155508 21038 13023 7119 896 52329 34075 15908 2346 167168 108855 50820 7493 382555 382136 419 9130 5945 2776 409 18248 11882 5548 818 4609235 3496936 998524 113775 2946466 84768 75450126 2151802 0 75000 6599 18447 25586 9577 13155 16009 65925584 24170773 7228650 16217 37106 102603336 75537366 115580 287931 1860334 0 250000 0 2225914 287931 X 93999115 75249435 6378307 0 100377422 75249435 102603336 75537366 -4352378 -20775609 0 X 0 1 X 1 0 X 250000 1000000 0 250000 1500000 250000 1000000 250000 1500000 952454 547546 520 21284 855517 877321 2377321 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25586 9577 16009 16009 CRYPTOCURRENCY 6757650 F INVESTMENT IN RIPPLE LUXEMBOURG, SA 471000 F 7228650 X -20775550 -20775609 -20775609 59 256798 256798 256857 4352437 0 4352437 256798 256798 4609235 PART X, LINE 2: 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. 1 SUB-SAHARAN AFRICA 0 GRANTS TO RECIPIENTS 263235 EUROPE (INCLUDING ICELAND & GREENLAND) 2 GRANTS TO RECIPIENTS 211131 SOUTH AMERICA 0 GRANTS TO RECIPIENTS 97357 CENTRAL AMERICA AND THE CARIBBEAN 1 GRANTS TO RECIPIENTS 79290 NORTH AMERICA 6 GRANTS TO RECIPIENTS 75000 SOUTH ASIA 1 GRANTS TO RECIPIENTS 13146 0 10 0 0 0 10 739159 0 739159 EUROPE (INCLUDING ICELAND AND GREENLAND) GRANT FOR INNOVATION IN OPEN PAYMENTS 10120 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 SUB-SAHARAN AFRICA GRANT FOR INNOVATION IN OPEN PAYMENTS 16000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 EUROPE (INCLUDING ICELAND AND GREENLAND) GRANT FOR INNOVATION IN OPEN PAYMENTS 24500 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 SUB-SAHARAN AFRICA GRANT FOR INNOVATION IN OPEN PAYMENTS 74990 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 SOUTH AMERICA GRANT FOR INNOVATION IN OPEN PAYMENTS 75000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 SUB-SAHARAN AFRICA GRANT FOR INNOVATION IN OPEN PAYMENTS 75000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 NORTH AMERICA GRANT FOR INNOVATION IN OPEN PAYMENTS 75000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 CENTRAL AMERICA AND THE CARIBBEAN GRANT FOR INNOVATION IN OPEN PAYMENTS 75000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 EUROPE (INCLUDING ICELAND AND GREENLAND) GRANT FOR INNOVATION IN OPEN PAYMENTS 75000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 SUB-SAHARAN AFRICA GRANT FOR INNOVATION IN OPEN PAYMENTS 75500 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 EUROPE (INCLUDING ICELAND AND GREENLAND) GRANT FOR INNOVATION IN OPEN PAYMENTS 94394 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 1 11 GRANT FOR INNOVATION IN OPEN PAYMENTS SUB-SAHARAN AFRICA 8 19165 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT GRANT FOR INNOVATION IN OPEN PAYMENTS SOUTH AMERICA 4 22357 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT GRANT FOR INNOVATION IN OPEN PAYMENTS SOUTH ASIA 4 13146 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT GRANT FOR INNOVATION IN OPEN PAYMENTS EUROPE (INCLUDING ICELAND & GREENLAND) 4 7117 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT GRANT FOR INNOVATION IN OPEN PAYMENTS CENTRAL AMERICA AND THE CARIBBEAN 2 4290 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 1 0 1 0 0 0 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: 1 BEATS BY GIRLZ 2812 WEST JASPER DR CHANDLER AZ 85224 844427785 501(C)(3) 40000 0 GRANTS FOR INNOVATION IN OPEN PAYMENTS BLACK WEB FESTIVAL INC 114 RYERSON STREET BROOKLYN NY 11205 352741474 38520 0 GRANTS FOR INNOVATION IN OPEN PAYMENTS BOWIE STATE UNIVERSITY FOUNDATION 14000 JERICHO PARK ROAD BOWIE MD 20715 520952758 501(C)(3) 30000 0 GRANTS FOR INNOVATION IN OPEN PAYMENTS DIVAO LLC 16193 COASTAL HIGHWAY LEWES DE 19958 301190582 75000 0 GRANTS FOR INNOVATION IN OPEN PAYMENTS GHOST IN THE MACHINE DBA SNAKE NATION 3674 CHARLES DRIVE ATLANTA GA 30314 473821302 75000 0 GRANTS FOR INNOVATION IN OPEN PAYMENTS METASEBIA YOSEPH 3270 ROBERT CLIFTON WEAVER WAY NORTHEAST WASHINGTON DC 20018 270753847 20000 0 GRANTS FOR INNOVATION IN OPEN PAYMENTS MY WALLET GURU LLC 674 GLENRIDGE RD KEY BISCAYNE FL 33149 873870283 75000 0 GRANTS FOR INNOVATION IN OPEN PAYMENTS 2 5 PROGRAM AMBASSADORS 4 190498 JUDGE GRANT 2 3528 PROGRAM GRANTEES 7 15356 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. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 BRIANA MARBURY PRESIDENT & CEO 325000 0 0 0 0 0 15250 0 12366 0 352616 0 0 0 ERIKA DRUSHKA HEAD OF OPERATIONS 173021 0 0 0 0 0 17037 0 5202 0 195260 0 0 0 ALEX LAKATOS CTO 169694 0 0 0 0 0 8233 0 1665 0 179592 0 0 0 CHRIS LAWRENCE HEAD OF PROGRAMS 167500 0 0 0 0 0 8500 0 1050 0 177050 0 0 0 PART I, LINE 1A 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. 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. RIPPLE LUXEMBOURG SA 4 RUE HENRI SCHNADT LUXEMBOURG LU L-2530 LU INTERLEDGER FOUNDATION 471000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0