2020-02-03T16:03:33-06:00 2019-04-30 814234542 BPM LLP 4200 BOHANNON DRIVE SUITE 250 MENLO PARK CA 940251021 990PF 2018-05-01 465604812 RIPPLEWORKS INC RIPP 6504993120 889 WINSLOW STREET NO 501 REDWOOD CITY CA 94063 DOUG GALEN PRESIDENT/CEO 6504993120 2020-01-17 1 TAMARA L MCINERNEY P00011797 6508556800 2020-01-17 208.184.139.130 2020-01-17 10:19:57 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 155DBB0B033CCB00695FD1C9AE35DD64086CB893 2018 2020-11-19 02:30:22Z X 368601068 X 94700 815951 815951 717148 925800 89000769 90467463 81798170 199727 161362 0 90828295 83701283 0 679143 67915 0 611228 1960510 0 0 1353456 228770 0 0 208095 152351 0 0 140939 84134 42067 0 42067 222818 38230 0 174569 1988628 0 0 136958 47745 0 0 393488 0 0 374955 230788 0 0 202148 1247 0 0 1457 341104 2446223 0 381748 6330726 2594435 0 3627620 16699227 16499500 23029953 2594435 0 20127120 67798342 81106848 0 2301164 3877066 3877066 41974506 25184003 25184003 1273458 957209 1273458 1273458 187803 25054 107752 107752 0 17158531 17158531 1171207709 307232947 307232947 190325 51688 183337 138637 138637 15861361 13628674 13628674 1232698143 368601068 368601068 139278 123807 22871963 4173015 23011241 4296822 X 1209686902 364304246 0 0 0 0 1209686902 364304246 1232698143 368601068 1209686902 67798342 24945006 1302430250 938126004 364304246 3,317,826.380 SHS OF XRP CRYPTOCURRENCY D 2018-05-31 2416278 2416278 2416278 4,487,361.000 SHS OF XRP CRYPTOCURRENCY D 2018-06-30 2504243 2504243 2504243 5,615,774.000 SHS OF XRP CRYPTOCURRENCY D 2018-07-31 2586868 2586868 2586868 8,573,473.700 SHS OF XRP CRYPTOCURRENCY D 2018-08-31 2982202 2982202 2982202 12,316,376.000 SHS OF XRP CRYPTOCURRENCY D 2018-09-30 6064425 6064425 6064425 11,061,932.000 SHS OF XRP CRYPTOCURRENCY D 2018-10-31 5212941 5212941 5212941 13,560,123.000 SHS OF XRP CRYPTOCURRENCY D 2018-11-30 5927138 5927138 5927138 9,000.000 SHS OF XRP CRYPTOCURRENCY D 2018-12-11 2665 2665 2665 9,963,236.000 SHS OF XRP CRYPTOCURRENCY D 2018-12-26 3422316 3422316 3422316 59,936,725.000 SHS OF XRP CRYPTOCURRENCY D 2018-12-26 22828220 22828220 22828220 18,829,895.000 SHS OF XRP CRYPTOCURRENCY D 2018-12-26 7171780 7171780 7171780 2,060,606.000 SHS OF XRP CRYPTOCURRENCY D 2018-12-31 738083 738083 738083 8,711,577.000 SHS OF XRP CRYPTOCURRENCY D 2019-01-31 2862158 2862158 2862158 9,000.000 SHS OF XRP CRYPTOCURRENCY D 2019-01-31 2574 2574 2574 16,337,122.900 SHS OF XRP CRYPTOCURRENCY D 2019-02-28 5054577 5054577 5054577 21,906,285.000 SHS OF XRP CRYPTOCURRENCY D 2019-03-31 6765216 6765216 6765216 40,406,639.000 SHS OF XRP CRYPTOCURRENCY D 2019-04-30 13489755 13489755 13489755 540,582 SHS OF XRP CRYPTOCURRENCY D 2018-05-01 435727 435727 435727 K-1 FROM ARRINGTON XRP CAPITAL FUND, LP P 8686834 -8686834 -8686834 K-1 FROM BLOCKCHAIN CAPITAL IV LP P 17541 17541 17541 AFS SECURITIES P 297 297 297 81798170 0 2067158 112191496 0.018425 1122844 8387855 0.133865 805420 7427314 0.108440 180027 777247 0.231621 0.492351 0.123088 553773979 68162932 811068 68974000 23127120 1622137 0 1622137 0 1622137 1810571 300000 0 2110571 X 172 488262 488262 0 0 0 0 0 0 0 0 0 1 1 0 0 1 CA 1 0 0 0 0 1 WWW.RIPPLEWORKS.ORG JOHN CARROLL 6504993120 513 CHOKE CANYON LANE GEORGETOWN TX 78628 1 OC 0 1 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 DOUG GALEN 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 PRESIDENT/CEO 40.00 659861 19282 0 CHRISTIAN LARSEN 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 SECRETARY/TREASURER 1.00 0 0 0 TIM KUNIHIRO 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 MANAGING DIRECTOR, V 40.00 230769 19402 0 SARAH BURCH 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 SENIOR PORTFOLIO MAN 40.00 171941 12982 0 PRADEEP SUTHRAM 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 DIRECTOR OF PRODUCT 40.00 164730 14859 0 JOHN CARROLL 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 CONTROLLER 40.00 170000 691 0 MICHELLE MUNOZ 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 HEAD OF TALENT 40.00 151539 15953 0 9 DAVIS WRIGHT TREMAINE LLP 505 MONTGOMERY STREET SAN FRANCISCO CA 94111 LEGAL SERVICES 149810 BPM LLP 600 CALIFORNIA STREET SUITE 600 SAN FRANCISCO CA 94108 ACCOUNTING SERVICES 89336 SUNREACH LLC PO BOX 1366 LOS ALTOS CA 94023 SOFTWARE IMPLEMENTATION SERVICES 69999 KLEIN JOHNSON GROUP 923 15TH STREET NW 6TH FLOOR WASHINGTON DC 20005 PUBLIC AFFAIRS 60859 0 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. 1955243 INSIGHTS & MARKETING 644318 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. 3000000 3000000 44042754 18603224 499561107 562207085 1661984077 0 562207085 8433106 553773979 27688699 27688699 1622137 41769 1663906 26024793 0 26024793 0 26024793 20127120 3000000 23127120 0 23127120 26024793 0 2016 2015 2014 0 0 23127120 0 0 0 23127120 0 0 0 0 0 0 0 0 2897673 0 0 0 2014-05-01 CHRISTIAN LARSEN X 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 1500 MY NEW RED SHOES 330 TWIN DOLPHIN DR SUITE 135 REDWOOD CITY CA 94065 N/A 501(C)(3) TO USE FOR GENERAL OPERATIONS 40000 PENINSULA FAMILY SERVICE 24 SECOND AVE SAN MATEO CA 94401 N/A 501(C)(3) TO USE FOR GENERAL OPERATIONS 40000 UPWARDLY GLOBAL 582 MARKET ST SUITE 1207 SAN FRANCISCO CA 94104 N/A 501(C)(3) TO USE FOR GENERAL OPERATIONS 40000 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 40000 SEQUOIA EDUCATION FOUNDATION 1201 BREWSTER AVE REDWOOD CITY CA 94062 N/A 501(C)(3) TO USE FOR GENERAL OPERATIONS 40000 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 5000 COLLEGE TRACK 112 LINDEN ST OAKLAND CA 94607 N/A 501(C)(3) TO USE FOR GENERAL OPERATIONS 40000 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. 8000000 KIVA MICROFUNDS 875 HOWARD STREET SUITE 340 SAN FRANCISCO CA 94103 N/A 501(C)(3) CHARITABLE PURPOSES 5000000 YCORE 304 17TH AVE SAN FRANCISCO CA 94121 N/A 501(C)(3) TO USE FOR GENERAL OPERATIONS 2500 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. 50000 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. 50000 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. 50000 SANERGY INC 28 PARK ST APT 3 BROOKLINE MA 02446 N/A 501(C)(3) CHARITABLE PURPOSES 1000000 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. 50000 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 50000 EDUCATE PO BOX 12302 DENVER CO 80212 N/A 501(C)(3) CHARITABLE PURPOSES 2000000 16499500 0 INTEREST ON PROGRAM-RELATED INVESTMENTS 14 199727 14 815951 14 717148 18 89000769 0 90533868 199727 90733595 1 INTEREST ON PROGRAM-RELATED INVESTMENTS 0 0 0 0 0 0 0 0 0 0 X X 1 MPHARMA DATA INC PARK ST ACCRA GH 5000 X 2 GUIA BOLSO R BUTANTA 194 - PINHEIROS SAO PAULO BR 05424-000 50000 X 3 NEXLEAF ANALYTICS 2356 PELHAM AVE LOS ANGELES CA 90064 10000 X 4 THORN 6806 LEXINGTON AVE LOS ANGELES CA 90038 20000 X 5 KINEDU INC VASCONCELOS 402 COLONIA DEL V SAN P MX NL CP 66220 8000 X ACCOUNTING 84134 42067 0 42067 ZOONA TRANSACTIONS INTERNATIONAL LTD IFS COURT BANK STREET TWENTYEIGHT CYBERCITY EBNE REPUBLIC OF MAUR MP 72201 2018-08-31 3000000 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. 3000000 NONE 12/6/18, 5/7/19, 8/2/19 AND 8/5/19 2018-12-06 17158531 17158531 0 0 XRP HOLDINGS FMV 198349450 198349450 ARRINGTON CAPITAL FUND, LP FMV 56885816 56885816 BLOCKCHAIN CAPITAL IV, LP FMV 12175320 12175320 MORGAN STANLEY INVESTMENTS FMV 39771115 39771115 INTEREST RECEIVABLE FMV 51246 51246 LEGAL 152351 0 0 140939 DEPOSITS 75120 75000 75000 CONTRIBUTION HELD IN ESCROW 15786241 10553674 10553674 NOTE RECEIVABLE - ZOONA 3000000 3000000 UNREALIZED GAIN/(LOSS) 938126004 MARKETING EXPENSES 79062 0 0 79080 INSURANCE 21533 0 0 23622 BANK FEES 51138 47733 0 0 DUES AND SUBSCRIPTIONS 28132 0 0 31204 RESEARCH 1622 0 0 25222 OTHER ADMIN 76 0 0 0 PENALTIES 453 0 0 0 OFFICE EXPENSES 70949 0 0 139559 POSTAGE 879 0 0 629 WORKERS' COMP 29948 0 0 21941 MEALS AND ENTERTAINMENT 44017 0 0 52759 OTHER EXPENSES 937 0 0 1736 GIFTS 391 0 0 391 PROFESSIONAL DEVELOPMENT 2528 0 0 2528 HOSTED EVENTS 9439 0 0 3077 FROM K-1 ARRINGTON XRP CAPITAL FUND, LP 0 1517503 0 0 FROM K-1 BLOCKCHAIN CAPITAL IV LP 0 681260 0 0 FORGIVING INTEREST 0 199727 0 0 ARRINGTON XRP CAPITAL FUND, LP -38365 INTEREST ON PROGRAM-RELATED INVESTMENTS 199727 199727 0 UNREALIZED GAIN ON DONATED XRP 5904338 UNREALIZED GAIN ON XRP TRANSFER 300668 DEFERRED TAXES 18740000 INCOME TAXES PAYABLE 36069 19731 DEFERRED TAX LIABILITY 22706989 3966989 ACCRUED PAYROLL LIABILITIES 93081 146785 DEFERRED RENT 5581 12283 OTHER ACCRUED EXPENSES 30243 27227 OTHER 187591 38230 0 142708 PAYROLL FEES 35227 0 0 31861 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. PAYROLL TAXES 150707 0 0 136803 FEDERAL EXCISE TAX 1837661 0 0 0 OTHER 260 0 0 155