RIPPLEWORKS INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- RIPPLEWORKS INC (EIN 46-5604812)
- Tax period
- 2018-05-01 to 2019-04-30
- Filed
- 2020-02-03
- IRS object ID
- 202020349349100112
- Schema version
- 2018v3.1
- 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-PF
- Schedule B
- Accounting Fees Schedule
- Expenditure Responsibility Stmt
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-02-03T16:03:33-06:00 | ReturnTs |
| Tax Period End | 2019-04-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 814234542 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BPM LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4200 BOHANNON DRIVE SUITE 250 | AddressLine1Txt |
| City | MENLO PARK | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 940251021 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-05-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 465604812 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RIPPLEWORKS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RIPP | BusinessNameControlTxt |
| Phone | 6504993120 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 889 WINSLOW STREET NO 501 | AddressLine1Txt |
| City | REDWOOD CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94063 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DOUG GALEN | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 6504993120 | PhoneNum |
| Signature | 2020-01-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TAMARA L MCINERNEY | PreparerPersonNm |
| PTIN | P00011797 | PTIN |
| Phone | 6508556800 | PhoneNum |
| Preparation | 2020-01-17 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 208.184.139.130 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-01-17 | IPDt |
| IP Tm | 10:19:57 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 155DBB0B033CCB00695FD1C9AE35DD64086CB893 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-11-19 02:30:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $368,601,068 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $94,700 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $815,951 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $815,951 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $717,148 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $925,800 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $89,000,769 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $90,467,463 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $81,798,170 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $199,727 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $161,362 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $90,828,295 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $83,701,283 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $679,143 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $67,915 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $611,228 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,960,510 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,353,456 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $228,770 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $208,095 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $152,351 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $140,939 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $84,134 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $42,067 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $42,067 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $222,818 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $38,230 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $174,569 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,988,628 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $136,958 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $47,745 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $393,488 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $374,955 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $230,788 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $202,148 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $1,247 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $1,457 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $341,104 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,446,223 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $381,748 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $6,330,726 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,594,435 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,627,620 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $16,699,227 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $16,499,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $23,029,953 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,594,435 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $20,127,120 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $67,798,342 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $81,106,848 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,301,164 | CashBOYAmt |
| Cash EOY | $3,877,066 | CashEOYAmt |
| Cash EOYFMV | $3,877,066 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $41,974,506 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $25,184,003 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $25,184,003 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,273,458 | AcctRcvblAmt |
| Acct Rcvbl BOY | $957,209 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,273,458 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,273,458 | AcctRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $187,803 | RcvblFromOfficersBOYAmt |
| Prepaid Expenses BOY | $25,054 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $107,752 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $107,752 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $17,158,531 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $17,158,531 | USGovtObligationsEOYFMVAmt |
| Other Investments BOY | $1,171,207,709 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $307,232,947 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $307,232,947 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $190,325 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $51,688 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $183,337 | LandBOYAmt |
| Land EOY | $138,637 | LandEOYAmt |
| Land EOYFMV | $138,637 | LandEOYFMVAmt |
| Other Assets BOY | $15,861,361 | OtherAssetsBOYAmt |
| Other Assets EOY | $13,628,674 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $13,628,674 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $1,232,698,143 | TotalAssetsBOYAmt |
| Total Assets EOY | $368,601,068 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $368,601,068 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $139,278 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $123,807 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $22,871,963 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $4,173,015 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $23,011,241 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,296,822 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $1,209,686,902 | UnrestrictedBOYAmt |
| Unrestricted EOY | $364,304,246 | UnrestrictedEOYAmt |
| Temporarily Restricted BOY | $0 | TemporarilyRestrictedBOYAmt |
| Temporarily Restricted EOY | $0 | TemporarilyRestrictedEOYAmt |
| Permanently Restricted BOY | $0 | PermanentlyRestrictedBOYAmt |
| Permanently Restricted EOY | $0 | PermanentlyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,209,686,902 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $364,304,246 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,232,698,143 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $368,601,068 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,209,686,902 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $67,798,342 | ExcessRevenueOverExpensesAmt |
| Other Increases | $24,945,006 | OtherIncreasesAmt |
| Subtotal | $1,302,430,250 | SubtotalAmt |
| Other Decreases | $938,126,004 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $364,304,246 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (21 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|
| 3,317,826.380 SHS OF XRP CRYPTOCURRENCY | D | 2018-05-31 | $2,416,278 | $2,416,278 | $2,416,278 | |
| 4,487,361.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-06-30 | $2,504,243 | $2,504,243 | $2,504,243 | |
| 5,615,774.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-07-31 | $2,586,868 | $2,586,868 | $2,586,868 | |
| 8,573,473.700 SHS OF XRP CRYPTOCURRENCY | D | 2018-08-31 | $2,982,202 | $2,982,202 | $2,982,202 | |
| 12,316,376.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-09-30 | $6,064,425 | $6,064,425 | $6,064,425 | |
| 11,061,932.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-10-31 | $5,212,941 | $5,212,941 | $5,212,941 | |
| 13,560,123.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-11-30 | $5,927,138 | $5,927,138 | $5,927,138 | |
| 9,000.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-12-11 | $2,665 | $2,665 | $2,665 | |
| 9,963,236.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-12-26 | $3,422,316 | $3,422,316 | $3,422,316 | |
| 59,936,725.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-12-26 | $22,828,220 | $22,828,220 | $22,828,220 | |
| 18,829,895.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-12-26 | $7,171,780 | $7,171,780 | $7,171,780 | |
| 2,060,606.000 SHS OF XRP CRYPTOCURRENCY | D | 2018-12-31 | $738,083 | $738,083 | $738,083 | |
| 8,711,577.000 SHS OF XRP CRYPTOCURRENCY | D | 2019-01-31 | $2,862,158 | $2,862,158 | $2,862,158 | |
| 9,000.000 SHS OF XRP CRYPTOCURRENCY | D | 2019-01-31 | $2,574 | $2,574 | $2,574 | |
| 16,337,122.900 SHS OF XRP CRYPTOCURRENCY | D | 2019-02-28 | $5,054,577 | $5,054,577 | $5,054,577 | |
| 21,906,285.000 SHS OF XRP CRYPTOCURRENCY | D | 2019-03-31 | $6,765,216 | $6,765,216 | $6,765,216 | |
| 40,406,639.000 SHS OF XRP CRYPTOCURRENCY | D | 2019-04-30 | $13,489,755 | $13,489,755 | $13,489,755 | |
| 540,582 SHS OF XRP CRYPTOCURRENCY | D | 2018-05-01 | $435,727 | $435,727 | $435,727 | |
| K-1 FROM ARRINGTON XRP CAPITAL FUND, LP | P | -$8,686,834 | -$8,686,834 | $8,686,834 | ||
| K-1 FROM BLOCKCHAIN CAPITAL IV LP | P | $17,541 | $17,541 | $17,541 | ||
| AFS SECURITIES | P | $297 | $297 | $297 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $81,798,170 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,067,158 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $112,191,496 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.018425 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,122,844 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $8,387,855 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.133865 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $805,420 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $7,427,314 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.108440 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $180,027 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $777,247 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.231621 | DistributionYr4Rt |
| Total Distribution | 0.492351 | TotalDistributionRt |
| Average Distribution | 0.123088 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $553,773,979 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $68,162,932 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $811,068 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $68,974,000 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $23,127,120 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,622,137 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,622,137 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,622,137 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,810,571 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $300,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,110,571 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $172 | EsPenaltyAmt |
| Overpayment | $488,262 | OverpaymentAmt |
| Applied To ES Tax | $488,262 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.RIPPLEWORKS.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN CARROLL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6504993120 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 513 CHOKE CANYON LANE | AddressLine1Txt |
| City | GEORGETOWN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78628 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | Yes (1) | ForeignAccountsQuestionInd |
| Foreign Country | OC | ForeignCountryCd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | Yes (1) | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | Yes (1) | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DOUG GALEN | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | PRESIDENT/CEO | 40.00 | $659,861 | $19,282 | $0 |
| CHRISTIAN LARSEN | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | SECRETARY/TREASURER | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| TIM KUNIHIRO | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | MANAGING DIRECTOR, V | 40.00 | $230,769 | $19,402 | $0 |
| SARAH BURCH | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | SENIOR PORTFOLIO MAN | 40.00 | $171,941 | $12,982 | $0 |
| PRADEEP SUTHRAM | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | DIRECTOR OF PRODUCT | 40.00 | $164,730 | $14,859 | $0 |
| JOHN CARROLL | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | CONTROLLER | 40.00 | $170,000 | $691 | $0 |
| MICHELLE MUNOZ | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | HEAD OF TALENT | 40.00 | $151,539 | $15,953 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 9 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DAVIS WRIGHT TREMAINE LLP | |||||
| 505 MONTGOMERY STREET | SAN FRANCISCO | CA | 94111 | LEGAL SERVICES | $149,810 |
| BPM LLP | |||||
| 600 CALIFORNIA STREET SUITE 600 | SAN FRANCISCO | CA | 94108 | ACCOUNTING SERVICES | $89,336 |
| SUNREACH LLC | |||||
| PO BOX 1366 | LOS ALTOS | CA | 94023 | SOFTWARE IMPLEMENTATION SERVICES | $69,999 |
| KLEIN JOHNSON GROUP | |||||
| 923 15TH STREET NW 6TH FLOOR | WASHINGTON | DC | 20005 | PUBLIC AFFAIRS | $60,859 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | RIPPLEWORKS UNLOCKS THE POTENTIAL OF IMPACT-FOCUSED ENTREPRENEURS TO IMPROVE LIVES AND BELIEVES THAT THESE ENTREPRENEURS ARE CRITICAL TO SOLVING THE TOUGHEST CHALLENGES OF OUR TIME. HOWEVER, THEY NEED PRACTICAL SUPPORT, GROUNDED IN EXPERIENCE. THAT IS WHY RIPPLEWORKS PARTNER WITH ENTREPRENEURS TO IDENTIFY A CRITICAL CHALLENGE, PROVIDES AND EXPERT WHO KNOWS HOW TO SOLVE IT, AND MANAGES THE PROJECT WITH UNCOMPROMISING COMMITMENT. | Description1Txt |
| Expenses1 | $1,955,243 | Expenses1Amt |
| Description2 | INSIGHTS & MARKETING | Description2Txt |
| Expenses2 | $644,318 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | ZOONA TRANSACTIONS INTERNATIONAL LTD. - THE COMPANY SHALL USE THE PROCEEDS FROM THE INVESTMENT TO RELIEVE THE POOR AND UNBANKED BY DESIGNING AND OFFERING ACCESSIBLE, AFFORDABLE MOBILE FINANCIAL SERVICES FOR THE POOR (AS DEFINED BELOW) IN COUNTRIES THAT THE UNITED NATIONS HAS DESIGNATED "LEAST DEVELOPED COUNTRIES," FOR THE CHARITABLE PURPOSES DESCRIBED IN THIS SECTION I AND SUBJECT TO THE RESTRICTIONS CONTAINED IN THIS AGREEMENT. THE CHARITABLE PURPOSES OF THE INVESTMENT ARE TO IMPROVE FINANCIAL LITERACY AND FINANCIAL HEALTH FOR THE POOR AND UNBANKED IN LEAST DEVELOPED COUNTRIES IN WHICH THE COMPANY AND/OR ITS SUBSIDIARIES OPERATE BY ENABLING THE COMPANY TO DEVELOP ITS BUSINESS OF DESIGNING AND OFFERING ACCESSIBLE, AFFORDABLE MOBILE FINANCIAL SERVICES FOR THE POOR IN AN ECONOMICALLY SELF-SUSTAINING MANNER, THUS CATALYZING THE DEVELOPMENT OF A MOBILE FINANCIAL SERVICES INDUSTRY THAT WILL HELP THE POOR ACQUIRE AND MANAGE THE ASSETS NECESSARY TO BRING THEM OUT OF POVERTY. | Description1Txt |
| Expenses1 | $3,000,000 | Expenses1Amt |
| Total | $3,000,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $44,042,754 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $18,603,224 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $499,561,107 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $562,207,085 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $1,661,984,077 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $562,207,085 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $8,433,106 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $553,773,979 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $27,688,699 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $27,688,699 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,622,137 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $41,769 | IncomeTaxAmt |
| Total Tax | $1,663,906 | TotalTaxAmt |
| Distributable Before Adj | $26,024,793 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $26,024,793 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $26,024,793 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $20,127,120 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $3,000,000 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $23,127,120 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $23,127,120 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $26,024,793 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $23,127,120 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $23,127,120 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $2,897,673 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2014-05-01 | PrivateOperatingFndtnRulingDt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CHRISTIAN LARSEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BAY AREA RIDGE TRAIL COUNCIL | |||||||
| 1007 GENERAL KENNEDY AVE STE 3 | SAN FRANCISCO | CA | 94129 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $100 |
| UNIVERSITY OF SAN DIEGO | |||||||
| 5998 ALCALA PARK | SAN DIEGO | CA | 92110 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $100 |
| YOSEMITE CONSERVANCY | |||||||
| 101 MONTGOMERY ST STE 1700 | SAN FRANCISCO | CA | 94104 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $1,500 |
| MY NEW RED SHOES | |||||||
| 330 TWIN DOLPHIN DR SUITE 135 | REDWOOD CITY | CA | 94065 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $40,000 |
| PENINSULA FAMILY SERVICE | |||||||
| 24 SECOND AVE | SAN MATEO | CA | 94401 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $40,000 |
| UPWARDLY GLOBAL | |||||||
| 582 MARKET ST SUITE 1207 | SAN FRANCISCO | CA | 94104 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $40,000 |
| SWIM ACROSS AMERICA INC | |||||||
| 11600 N COMMUNITY HOUSE RD STE 100 | CHARLOTTE | NC | 28277 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $100 |
| WORLD VISION | |||||||
| PO BOX 9716 | FEDERAL WAY | WA | 98063 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $100 |
| EAST PALO ALTO ACADEMY FOUNDATION | |||||||
| PO BOX 50803 | PALO ALTO | CA | 94303 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $40,000 |
| SEQUOIA EDUCATION FOUNDATION | |||||||
| 1201 BREWSTER AVE | REDWOOD CITY | CA | 94062 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $40,000 |
| HABITAT FOR HUMANITY GREATER SAN FRANCISCO INC | |||||||
| 500 WASHINGTON ST STE 250 | SAN FRANCISCO | CA | 94111 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $5,000 |
| COLLEGE TRACK | |||||||
| 112 LINDEN ST | OAKLAND | CA | 94607 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $40,000 |
| SAN FRANCISCO STATE UNIVERSITY FOUNDATION | |||||||
| 1600 HOLLOWAY AVENUE ADM 154D | SAN FRANCISCO | CA | 94132 | N/A | 501(C)(3) | TO FUND (A) THE RIPPLEWORKS ENDOWED CHAIR FOR INNOVATION AND ENTREPRENEURSHIP; (B) THE LAM-LARSEN ENDOWED CHAIR IN FINANCIAL TECHNOLOGY; AND THE LAM-LARSEN FUND FOR GLOBAL INNOVATION, ALL TO BE BASED IN THE COLLEGE. | $8,000,000 |
| KIVA MICROFUNDS | |||||||
| 875 HOWARD STREET SUITE 340 | SAN FRANCISCO | CA | 94103 | N/A | 501(C)(3) | CHARITABLE PURPOSES | $5,000,000 |
| YCORE | |||||||
| 304 17TH AVE | SAN FRANCISCO | CA | 94121 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $2,500 |
| VIDA VERDE | |||||||
| 3540 LA HONDA RD | SAN GREGORIO | CA | 94074 | N/A | 501(C)(3) | TO USE FOR ITS WORK TO PROMOTE EDUCATIONAL EQUITY THROUGH OVERNIGHT ENVIRONMENTAL LEARNING EXPERIENCES FOR STUDENTS. | $50,000 |
| YCORE | |||||||
| 304 17TH AVE | SAN FRANCISCO | CA | 94121 | N/A | 501(C)(3) | TO USE TO SUPPORT THE IMPACT OF YCORE IN REDWOOD CITY AND THE BROADER BAY AREA. | $50,000 |
| RONALD MCDONALD HOUSE BAY AREA | |||||||
| 520 SAND HILL RD | PALO ALTO | CA | 94304 | N/A | 501(C)(3) | TO USE FOR ITS WORK TO CREATE, FIND AND SUPPORT PROGRAMS THAT DIRECTLY IMPROVE THE HEALTH AND WELL-BEING OF CHILDREN AND THEIR FAMILIES. | $50,000 |
| SANERGY INC | |||||||
| 28 PARK ST APT 3 | BROOKLINE | MA | 02446 | N/A | 501(C)(3) | CHARITABLE PURPOSES | $1,000,000 |
| ABLEWORKS | |||||||
| 1836 BAY RD SUITE B | EAST PALO ALTO | CA | 94303 | N/A | 501(C)(3) | TO USE FOR ITS PROGRAMMING AND GENERAL OPERATIONS TO ADVANCE ECONOMIC JUSTICE. | $50,000 |
| ANDEAN HEALTH & DEVELOPMENT | |||||||
| 1100 DELAPLAINE CT | MADISON | WI | 53715 | N/A | 501(C)(3) | TO USE FOR GENERAL OPERATIONS | $100 |
| 826 VALENCIA | |||||||
| 8216 VALENCIA ST | SAN FRANCISCO | CA | 94110 | N/A | 501(C)(3) | TO USE FOR ITS EDUCATIONAL PROGRAMS/OPERATIONS | $50,000 |
| EDUCATE | |||||||
| PO BOX 12302 | DENVER | CO | 80212 | N/A | 501(C)(3) | CHARITABLE PURPOSES | $2,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $16,499,500 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST ON PROGRAM-RELATED INVESTMENTS | Desc |
| Exclusion | 14 | ExclusionCd |
| Related Or Exempt Function Incm | $199,727 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $815,951 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $717,148 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $89,000,769 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $90,533,868 | ExclusionAmt |
| Related Or Exempt Function Incm | $199,727 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $90,733,595 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1 | LineNumberTxt |
| Relationship Statement | INTEREST ON PROGRAM-RELATED INVESTMENTS | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (5 entries)
| ContributorContributorNum | Address Line1ContributorForeignAddress/AddressLine1Txt | CityContributorForeignAddress/CityNm | CountryContributorForeignAddress/CountryCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Foreign PostalContributorForeignAddress/ForeignPostalCd | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|---|
| MPHARMA DATA INC | ||||||||||
| 1 | PARK ST | ACCRA | GH | $5,000 | Yes (X) | |||||
| GUIA BOLSO | ||||||||||
| 2 | R BUTANTA 194 - PINHEIROS | SAO PAULO | BR | $50,000 | Yes (X) | 05424-000 | ||||
| NEXLEAF ANALYTICS | ||||||||||
| 3 | $10,000 | Yes (X) | 2356 PELHAM AVE | LOS ANGELES | CA | 90064 | ||||
| THORN | ||||||||||
| 4 | $20,000 | Yes (X) | 6806 LEXINGTON AVE | LOS ANGELES | CA | 90038 | ||||
| KINEDU INC | ||||||||||
| 5 | VASCONCELOS 402 COLONIA DEL V SAN P | MX | $8,000 | Yes (X) | NL CP 66220 | |||||
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $84,134 | Amt |
| Net Investment Income | $42,067 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $42,067 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ZOONA TRANSACTIONS INTERNATIONAL LTD | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | IFS COURT BANK STREET TWENTYEIGHT | AddressLine1Txt |
| Address Line2 | CYBERCITY | AddressLine2Txt |
| City | EBNE | CityNm |
| Province Or State | REPUBLIC OF MAUR | ProvinceOrStateNm |
| Country | MP | CountryCd |
| Foreign Postal | 72201 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2018-08-31 | GrantDt |
| Grant | $3,000,000 | GrantAmt |
| Purpose Of Grant | DIRECT LOAN PRI - THE COMPANY SHALL USE THE PROCEEDS FROM THE INVESTMENT TO RELIEVE THE POOR AND UNBANKED BY DESIGNING AND OFFERING ACCESSIBLE, AFFORDABLE MOBILE FINANCIAL SERVICES FOR THE POOR (AS DEFINED BELOW) IN COUNTRIES THAT THE UNITED NATIONS HAS DESIGNATED "LEAST DEVELOPED COUNTRIES," FOR THE CHARITABLE PURPOSES DESCRIBED IN THIS SECTION I AND SUBJECT TO THE RESTRICTIONS CONTAINED IN THIS AGREEMENT. THE CHARITABLE PURPOSES OF THE INVESTMENT ARE TO IMPROVE FINANCIAL LITERACY AND FINANCIAL HEALTH FOR THE POOR AND UNBANKED IN LEAST DEVELOPED COUNTRIES IN WHICH THE COMPANY AND/OR ITS SUBSIDIARIES OPERATE BY ENABLING THE COMPANY TO DEVELOP ITS BUSINESS OF DESIGNING AND OFFERING ACCESSIBLE, AFFORDABLE MOBILE FINANCIAL SERVICES FOR THE POOR IN AN ECONOMICALLY SELF-SUSTAINING MANNER, THUS CATALYZING THE DEVELOPMENT OF A MOBILE FINANCIAL SERVICES INDUSTRY THAT WILL HELP THE POOR ACQUIRE AND MANAGE THE ASSETS NECESSARY TO BRING THEM OUT OF POVERTY. | PurposeOfGrantTxt |
| Expended By Grantee | $3,000,000 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NONE | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 12/6/18, 5/7/19, 8/2/19 AND 8/5/19 | DatesOfReportsByGranteeTxt |
| Verification | 2018-12-06 | VerificationDt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $17,158,531 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $17,158,531 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| XRP HOLDINGS | FMV | $198,349,450 | $198,349,450 |
| ARRINGTON CAPITAL FUND, LP | FMV | $56,885,816 | $56,885,816 |
| BLOCKCHAIN CAPITAL IV, LP | FMV | $12,175,320 | $12,175,320 |
| MORGAN STANLEY INVESTMENTS | FMV | $39,771,115 | $39,771,115 |
| INTEREST RECEIVABLE | FMV | $51,246 | $51,246 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $152,351 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $140,939 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DEPOSITS | $75,120 | $75,000 | $75,000 |
| CONTRIBUTION HELD IN ESCROW | $15,786,241 | $10,553,674 | $10,553,674 |
| NOTE RECEIVABLE - ZOONA | $3,000,000 | $3,000,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/(LOSS) | Desc |
| Amt | $938,126,004 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (18 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MARKETING EXPENSES | $79,062 | $0 | $0 | $79,080 |
| INSURANCE | $21,533 | $0 | $0 | $23,622 |
| BANK FEES | $51,138 | $47,733 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $28,132 | $0 | $0 | $31,204 |
| RESEARCH | $1,622 | $0 | $0 | $25,222 |
| OTHER ADMIN | $76 | $0 | $0 | $0 |
| PENALTIES | $453 | $0 | $0 | $0 |
| OFFICE EXPENSES | $70,949 | $0 | $0 | $139,559 |
| POSTAGE | $879 | $0 | $0 | $629 |
| WORKERS' COMP | $29,948 | $0 | $0 | $21,941 |
| MEALS AND ENTERTAINMENT | $44,017 | $0 | $0 | $52,759 |
| OTHER EXPENSES | $937 | $0 | $0 | $1,736 |
| GIFTS | $391 | $0 | $0 | $391 |
| PROFESSIONAL DEVELOPMENT | $2,528 | $0 | $0 | $2,528 |
| HOSTED EVENTS | $9,439 | $0 | $0 | $3,077 |
| FROM K-1 ARRINGTON XRP CAPITAL FUND, LP | $0 | $1,517,503 | $0 | $0 |
| FROM K-1 BLOCKCHAIN CAPITAL IV LP | $0 | $681,260 | $0 | $0 |
| FORGIVING INTEREST | $0 | $199,727 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Net Investment IncomeNetInvestmentIncomeAmt | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ARRINGTON XRP CAPITAL FUND, LP | -$38,365 | ||
| INTEREST ON PROGRAM-RELATED INVESTMENTS | $199,727 | $199,727 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN ON DONATED XRP | $5,904,338 |
| UNREALIZED GAIN ON XRP TRANSFER | $300,668 |
| DEFERRED TAXES | $18,740,000 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| INCOME TAXES PAYABLE | $36,069 | $19,731 |
| DEFERRED TAX LIABILITY | $22,706,989 | $3,966,989 |
| ACCRUED PAYROLL LIABILITIES | $93,081 | $146,785 |
| DEFERRED RENT | $5,581 | $12,283 |
| OTHER ACCRUED EXPENSES | $30,243 | $27,227 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER | $187,591 | $38,230 | $0 | $142,708 |
| PAYROLL FEES | $35,227 | $0 | $0 | $31,861 |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | THE FAIR VALUE OF XRP HOLDINGS IS ESTIMATED ANNUALLY AS OF MAY 1ST BASED ON AN INDEPENDENT VALUATION. THE VALUATION IS BASED ON THE MARKET PRICES ON THIRD PARTY EXCHANGES, ADJUSTED FOR A DISCOUNT OF 78.977% FOR REDUCTION IN VALUE FOR PRICE PRESSURE DUE TO SHARE VOLUME AND HOLDING PERIOD PRICE RISK. THE PRICE PRESSURE AND HOLDING DISCOUNT TAKES INTO ACCOUNT RESTRICTIONS ON THE FOUNDATION TO LIMIT DAILY SALES OF XRP TO A PERCENTAGE OF THE PREVIOUS 24 HOURS TOTAL TRADING VOLUME ON DESIGNATED EXCHANGES. | ShortExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $150,707 | $0 | $0 | $136,803 |
| FEDERAL EXCISE TAX | $1,837,661 | $0 | $0 | $0 |
| OTHER | $260 | $0 | $0 | $155 |