INTERLEDGER FOUNDATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- INTERLEDGER FOUNDATION (EIN 84-2364885)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202203199349328070
- Schema version
- 2021v4.2
- 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 M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T17:38:37-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390974031 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEGNER CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 419 N LEE ST | AddressLine1Txt |
| City | ALEXANDRIA | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22314 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | 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 | 785 MARKET STREET 900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIANA MARBURY | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2018628453 | PhoneNum |
| Signature | 2022-11-15 | 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 |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GLENN MILLER CPA | PreparerPersonNm |
| PTIN | P00086726 | PTIN |
| Phone | 7035190990 | PhoneNum |
| Preparation | 2022-11-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | 785 MARKET STREET 900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $210,227,448 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | 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 NON-PROFIT 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 | 6 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,654,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $129,145,759 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $520 | PYInvestmentIncomeAmt |
| CY Investment Income | -$17,343,311 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $8,654,520 | PYTotalRevenueAmt |
| CY Total Revenue | $111,802,448 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,958,849 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $269,240 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $752,689 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $24,283 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $256,691 | PYOtherExpensesAmt |
| CY Other Expenses | $1,334,835 | CYOtherExpensesAmt |
| PY Total Expenses | $525,931 | PYTotalExpensesAmt |
| CY Total Expenses | $6,046,373 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,128,589 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $105,756,075 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,433,223 | TotalAssetsBOYAmt |
| Total Assets EOY | $102,603,336 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $60,469 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,225,914 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,372,754 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $100,377,422 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE INTERLEDGER FOUNDATION IS A NON-PROFIT 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 | $4,959,547 | ExpenseAmt |
| Grant | $3,958,849 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| 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 2021: IN OUR GRANT MAKING WE FUNDED 60 PROJECTS IN 23 COUNTRIES WHILE EXPANDING THE PROGRAM AREAS THAT WE FUND. IN ADDITION, WE LED THE COMMUNITY, ECOSYSTEM AND PARTNERS TOWARDS ADVANCING THE FUNCTIONALITY OF THE INTERLEDGER PROTOCOL. FINALLY WE CONTINUED TO BUILD OUR ORGANIZATIONAL CAPACITY TO BETTER ACHIEVE OUR MISSION. | Desc |
| Total Program Service Expenses | $4,959,547 | 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 | 0 | 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 | Yes (1) | 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 |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 30 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 6 | 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 | Yes (1) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 3 | Form8282FiledCnt |
| 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 | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIANA MARBURY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2018628453 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 785 MARKET STREET STE 900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| STEFAN THOMAS | |||||||
| CHAIRPERSON | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| EVAN SCHWARTZ | |||||||
| PRESIDENT | 10.00 | Yes (X) | 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 | ||
| MAHA BAHOU | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| GARY MORRIS | |||||||
| TREASURER | 10.00 | Yes (X) | $0 | $0 | $0 | ||
| BRIANA MARBURY | |||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $205,000 | $0 | $3,592 | ||
| ERIKA DRUSHKA | |||||||
| SENIOR DIRECTOR OF PROGRAMS | 40.00 | $150,000 | $0 | $3,870 | Yes (X) | ||
| CHRIS LAWRENCE | |||||||
| SENIOR DIRECTOR OF PROGRAMS | 40.00 | $150,000 | $0 | $17 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $505,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $7,479 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIRTUAL INC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 EDGEWATER PLACE STE 600 | AddressLine1Txt |
| City | WAKEFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01880 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | MANAGEMENT SERVICES | ServicesDesc |
| Compensation | $139,946 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $129,145,759 | AllOtherContributionsAmt |
| Noncash Contributions | $129,145,759 | NoncashContributionsAmt |
| Total Contributions | $129,145,759 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,284 | TotalRevenueColumnAmt |
| Exclusion | $21,284 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $81,060,405 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $98,425,000 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$17,364,595 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$17,364,595 | TotalRevenueColumnAmt |
| Exclusion | -$17,364,595 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $111,802,448 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$17,343,311 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,996,943 | TotalAmt |
| Program Services | $1,996,943 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $384,838 | TotalAmt |
| Program Services | $384,838 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,577,068 | TotalAmt |
| Program Services | $1,577,068 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,592 | TotalAmt |
| Program Services | $166,874 | ProgramServicesAmt |
| Management And General | $32,020 | ManagementAndGeneralAmt |
| Fundraising | $9,698 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $477,219 | TotalAmt |
| Program Services | $133,970 | ProgramServicesAmt |
| Management And General | $343,249 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,618 | TotalAmt |
| Program Services | $16,063 | ProgramServicesAmt |
| Management And General | $20,037 | ManagementAndGeneralAmt |
| Fundraising | $518 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,260 | TotalAmt |
| Program Services | $13,274 | ProgramServicesAmt |
| Management And General | $16,558 | ManagementAndGeneralAmt |
| Fundraising | $428 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,502 | TotalAmt |
| Program Services | $86,251 | ProgramServicesAmt |
| Management And General | $86,251 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,000 | TotalAmt |
| Management And General | $63,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,578 | TotalAmt |
| Management And General | $452,578 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,289 | TotalAmt |
| Program Services | $51,780 | ProgramServicesAmt |
| Management And General | $9,717 | ManagementAndGeneralAmt |
| Fundraising | $3,792 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,825 | TotalAmt |
| Program Services | $167,988 | ProgramServicesAmt |
| Management And General | $628 | ManagementAndGeneralAmt |
| Fundraising | $209 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $229,665 | TotalAmt |
| Program Services | $218,548 | ProgramServicesAmt |
| Management And General | $10,600 | ManagementAndGeneralAmt |
| Fundraising | $517 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,772 | TotalAmt |
| Program Services | $110,218 | ProgramServicesAmt |
| Management And General | $20,666 | ManagementAndGeneralAmt |
| Fundraising | $6,888 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,410 | TotalAmt |
| Program Services | $7,528 | ProgramServicesAmt |
| Management And General | $1,412 | ManagementAndGeneralAmt |
| Fundraising | $470 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,000 | TotalAmt |
| Program Services | $20,000 | ProgramServicesAmt |
| Management And General | $3,750 | ManagementAndGeneralAmt |
| Fundraising | $1,250 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $447 | TotalAmt |
| Program Services | $358 | ProgramServicesAmt |
| Management And General | $67 | ManagementAndGeneralAmt |
| Fundraising | $22 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,808 | TotalAmt |
| Program Services | $7,846 | ProgramServicesAmt |
| Management And General | $1,471 | ManagementAndGeneralAmt |
| Fundraising | $491 | FundraisingAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $539 | TotalAmt |
| Management And General | $539 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,046,373 | TotalAmt |
| Program Services | $4,959,547 | ProgramServicesAmt |
| Management And General | $1,062,543 | ManagementAndGeneralAmt |
| Fundraising | $24,283 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $779,223 | BOYAmt |
| EOY | $2,946,466 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $75,450,126 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $6,599 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $13,602 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $447 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $13,155 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,654,000 | BOYAmt |
| EOY | $24,170,773 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $16,217 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,433,223 | BOYAmt |
| EOY | $102,603,336 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,469 | BOYAmt |
| EOY | $115,580 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,860,334 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $250,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,469 | BOYAmt |
| EOY | $2,225,914 | 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 | $8,372,754 | BOYAmt |
| EOY | $93,999,115 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $6,378,307 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,372,754 | BOYAmt |
| EOY | $100,377,422 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,433,223 | BOYAmt |
| EOY | $102,603,336 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $105,756,075 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$13,751,407 | 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 Minus2 Years | $250,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,000,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1 | CurrentTaxYearAmt |
| Total | $1,250,001 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $250,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,000,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1 | CurrentTaxYearAmt |
| Total | $1,250,001 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $724,564 | SubstantialContributorsTotAmt |
| Public Support Total170 | $525,437 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $520 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,284 | CurrentTaxYearAmt |
| Total | $21,804 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,271,805 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: | DESCRIPTION: 83,319,817 SHS XRP DATE: 05/03/21 AMOUNT: XXX-XX-XXXX. DESCRIPTION: 10,000 SHARES RIPPLE LUXEMBOURG SA DATE: 03/04/20 AMOUNT: 7654000. |
| PART II LINE 1 | ALL OF THE ORGANIZATION'S CONTRIBUTIONS IN 2021 WERE CONSIDERED UNUSUAL GRANTS. THE TOTAL GRANTS FOR THE PUBLIC SUPPORT TEST IN THE 2021 COLUMN IS ZERO, HOWEVER, DUE TO SOFTWARE RESTRICTIONS, A VALUE IS REQUIRED TO BE INPUT ON LINE 1. ACCORDINGLY, THE ORGANIZATION HAS REPORTED $1 IN CONTRIBUTION REVENUE ON LINE 1. |
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 | $13,602 | OtherCostOrOtherBasisAmt |
| Depreciation | $447 | DepreciationAmt |
| Book Value | $13,155 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,155 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CRYPTOCURRENCY | $16,516,773 | F |
| INVESTMENT IN RIPPLE LUXEMBOURG, SA | $7,654,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $24,170,773 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $97,598,463 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$13,751,407 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$452,578 | OtherRevenueAmt |
| Revenue Not Reported | -$14,203,985 | RevenueNotReportedAmt |
| Revenue Subtotal | $111,802,448 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $111,802,448 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,593,795 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,593,795 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $452,578 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $452,578 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,046,373 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART XI, LINE 2D - OTHER ADJUSTMENTS: | FormAndLineReferenceDesc |
| Explanation | INVESTMENT FEES INCLUDED IN PART IX LINE 11F -452,578. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTS TO RECIPIENTS | $184,468 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTS TO RECIPIENTS | $721,380 |
| SOUTH ASIA | 0 | 0 | GRANTS TO RECIPIENTS | $74,300 |
| NORTH AMERICA | 0 | 1 | GRANTS TO RECIPIENTS | $103,000 |
| SOUTH AMERICA | 0 | 0 | GRANTS TO RECIPIENTS | $320,920 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTS TO RECIPIENTS | $123,000 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | GRANTS TO RECIPIENTS | $50,000 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $7,654,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $9,231,068 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $9,231,068 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (20 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|
| SOUTH AMERICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $38,600 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $100,000 | WIRE OR CHECK | $0 | CASH |
| SUB-SAHARAN AFRICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $64,000 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $46,014 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $22,000 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $20,000 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $40,480 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $97,400 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $77,575 | WIRE OR CHECK | $0 | CASH |
| EAST ASIA AND THE PACIFIC | GRANT FOR INNOVATION IN OPEN PAYMENTS | $94,818 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $100,000 | WIRE OR CHECK | $0 | CASH |
| SOUTH AMERICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $100,000 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $99,370 | WIRE OR CHECK | $0 | CASH |
| MIDDLE EAST AND NORTH AFRICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $50,000 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | GRANT FOR INNOVATION IN OPEN PAYMENTS | $49,995 | WIRE OR CHECK | $0 | CASH |
| SOUTH ASIA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $44,700 | WIRE OR CHECK | $0 | CASH |
| SUB-SAHARAN AFRICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $9,800 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $13,290 | WIRE OR CHECK | $0 | CASH |
| NORTH AMERICA | GRANT FOR INNOVATION IN OPEN PAYMENTS | $100,000 | WIRE OR CHECK | $0 | CASH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANT FOR INNOVATION IN OPEN PAYMENTS | $43,256 | WIRE OR CHECK | $0 | CASH |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 20 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (7 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|
| JUDGES | EUROPE (INCLUDING ICELAND & GREENLAND) | 2 | $2,000 | CHECK OR WIRE | CASH |
| PROGRAM GRANTEES | EUROPE (INCLUDING ICELAND & GREENLAND) | 1 | $10,000 | CHECK OR WIRE | CASH |
| JUDGES | NORTH AMERICA | 3 | $3,000 | CHECK OR WIRE | CASH |
| PROGRAM GRANTEES | SOUTH ASIA | 2 | $29,600 | CHECK OR WIRE | CASH |
| PROGRAM GRANTEES | EAST ASIA AND THE PACIFIC | 3 | $89,650 | CHECK OR WIRE | CASH |
| PROGRAM GRANTEES | SOUTH AMERICA | 2 | $182,320 | CHECK OR WIRE | CASH |
| PROGRAM GRANTEES | SUB-SAHARAN AFRICA | 1 | $49,200 | CHECK OR WIRE | CASH |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | 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 (22 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|---|
| SURFACE DWELLER STUDIOS LLC | ||||||||
| 3400 COTTAGE WAY ST G2 6733 | SACRAMENTO | CA | 95825 | 871308586 | $48,975 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| CRWN MAGAZINE LLC | ||||||||
| 400 N ERVAY ST 130545 | DALLAS | TX | 75313 | 811432952 | $404,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| CALL & RESPONSE LLC | ||||||||
| 1423 PARK AVENUE | BALTIMORE | MD | 21217 | 873131982 | $80,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| THE KEYES COLLECTIVE DBA BLACK ARTIST COLLECTIVE | ||||||||
| 1127 S POINT VIEW STREET | LOS ANGELES | CA | 90035 | 845050744 | $125,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| BLACK TATTOO ANTHOLOGY | ||||||||
| 4331 GALLATIN STREET | HYATTSVILLE | MD | 20781 | 812573711 | $50,783 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| FREE CODE CAMP INC | ||||||||
| 3905 HEDGCOXE RD PO BOX 250352 | PLANO | TX | 75025 | 820779546 | $50,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | 501C3 |
| CLINK MEDIA INC | ||||||||
| 5900 BALCONES DR STE 100 | AUSTIN | TX | 787314257 | 831182847 | $100,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| GHOST IN THE MACHINE DBA SNAKE NATION | ||||||||
| 1386 SNAKE NATION RD | BLUE RIDGE | GA | 305135627 | 473821302 | $100,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| REDUCTRESS MEDIA LLC | ||||||||
| 345 MONTGOMERY ST APT 4C | BROOKLYN | NY | 11225 | 463043246 | $80,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| BAD IDEA FACTORY LLC | ||||||||
| 239 GLENWOOD ROAD | ELKINS PARK | PA | 19027 | 821916548 | $85,900 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| SOUL IN THE HORN ENTERPRISE LLC | ||||||||
| 407 W 15TH ST | NEW YORK | NY | 10011 | 851837652 | $100,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| THE BRICK HOUSE COOPERATIVE LLC | ||||||||
| 850 EUCLID AVENUE 819 | CLEVELAND | OH | 44114 | 852427347 | $100,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| ELEMENTARI LLC | ||||||||
| 805 S STAPLEY DR | MESA | AZ | 852044242 | 832844483 | $100,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| ITADI LLC | ||||||||
| 143 S ST ANDREWS PL APT 5 | LOS ANGELES | CA | 90004 | 815071809 | $100,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| THE ITME CORPORATION | ||||||||
| 3871 PIEDMONT AVE 374 | OAKLAND | CA | 94611 | 851965936 | $100,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| A DIGITAL LLC | ||||||||
| 77 2ND AVE | NEW YORK | NY | 10003 | 384119955 | $90,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| PRX INC | ||||||||
| PO BOX 382234 | CAMBRIDGE | MA | 02238 | 263347402 | $83,875 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| BIG BAD CON INC | ||||||||
| 4841 BROOKDALE AVE | OAKLAND | CA | 94619 | 812912392 | $50,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | 501C3 |
| COPIA INSTITUTE | ||||||||
| 370 CONVENTION WAY | REDWOOD CITY | CA | 94063 | 943392450 | $36,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| CALIFORNIA WESTERN SCHOOL OF LAW | ||||||||
| 225 CEDAR STREET | SAN DIEGO | CA | 92101 | 952944594 | $20,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| FLAT SQUIRREL PRODUCTIONS | ||||||||
| 41 BEECHWOOD RD | HARTSDALE | NY | 10530 | 874232964 | $11,410 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| MG SOCIAL | ||||||||
| 375 HITCH DR | HOLLISTER | CA | 95023 | 863796670 | $79,000 | $0 | GRANT FOR INNOVATION IN OPEN PAYMENTS | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 20 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| PROGRAM AMBASSADORS | 2 | $64,538 |
| JUDGE GRANT | 10 | $22,000 |
| PROGRAM GRANTEES | 6 | $298,300 |
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 | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| 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 (3 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 | ||||||||||||||
| EXECUTIVE DIRECTOR | $205,000 | $0 | $0 | $0 | $0 | $0 | $34 | $0 | $3,558 | $0 | $208,592 | $0 | $0 | $0 |
| ERIKA DRUSHKA | ||||||||||||||
| SENIOR DIRECTOR OF PROGRAMS | $150,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3,870 | $0 | $153,870 | $0 | $0 | $0 |
| CHRIS LAWRENCE | ||||||||||||||
| SENIOR DIRECTOR OF PROGRAMS | $150,000 | $0 | $0 | $0 | $0 | $0 | $17 | $0 | $0 | $0 | $150,017 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1B | FormAndLineReferenceDesc |
| Explanation | DUE TO LIMITED TRAVEL AS A RESULT OF COVID RESTRICTIONS, THE ORGANIZATION DID NOT HAVE A WRITTEN FLIGHT POLICY IN PLACE IN 2021. THE ORGANIZATION ESTABLISHED A WRITTEN FLIGHT POLICY IN 2022. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Miscellaneous SecuritiesMiscellaneousGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $129,145,759 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 1 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE AMOUNT REPORTED ABOVE IS THE NUMBER OF CONTRIBUTIONS MADE. |
| PART I, LINE 32B: | THE ORGANIZATION USED G-20, AN INVESTMENT MANAGEMENT COMPANY LOCATED IN SWITZERLAND TO HOLD AND MANAGE THE SALE OF ITS DONATED XRP IN 2021. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINE 2A | INTERLEDGER FOUNDATION HAS A CANADIAN TAX NUMBER AND ONE CANADIAN HIRE. INTERLEDGER FOUNDATION IS THE EMPLOYER OF RECORD, HOWEVER THE EMPLOYEE'S PAYROLL AND T4 ARE PROCESSED THROUGH THE PROFESSIONAL EMPLOYER ORGANIZATION, PEO CANADA. |
| 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 | THE ORGANIZATION'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 | THE COMMITTEE WILL MEET AT LEAST ONCE A YEAR OR MORE FREQUENTLY AS CIRCUMSTANCES REQUIRE. |
| FORM 990, PART VI, SECTION B, LINE 15A | AN INDEPENDENT COMPENSATION REVIEW WAS CONDUCTED FOR THE EXECUTIVE DIRECTOR'S SALARY. |
| 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 | AddressLine1Txt |
| City | RUE HENRI SCHNADT | CityNm |
| Country | LU | CountryCd |
| Foreign Postal | L-2530 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | INVESTMENTS | PrimaryActivitiesTxt |
| 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 | $7,654,000 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | 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 |