RIPPLEWORKS INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- RIPPLEWORKS INC (EIN 46-5604812)
- Tax period
- 2017-05-01 to 2018-04-30
- Filed
- 2019-01-10
- IRS object ID
- 201930109349100718
- Schema version
- 2017v2.3
- 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
- General Explanation Attachment
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets 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 | 2019-01-10T11:05:29-06:00 | ReturnTs |
| Tax Period End | 2018-04-30 | 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 | 2017-05-01 | 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 | 2018-12-17 | 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 | 2018-12-14 | 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 | 2018-12-17 | IPDt |
| IP Tm | 12:11:34 | 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 | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,232,698,143 | 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 | $178,567,275 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $156,649 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $156,649 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $118,186,860 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $118,809,587 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $118,809,587 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $5,500 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $5,500 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $296,916,284 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $118,966,236 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $5,500 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $684,955 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $68,496 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $616,458 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $804,124 | 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 | $779,022 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $50,355 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $46,793 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $156,038 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $48,647 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $104,120 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $206,803 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $103,402 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $103,401 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $85,584 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $86,129 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $24,036,852 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $73,753 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $3,943 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $74,059 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $71,959 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $73,145 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $66,383 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $2,432 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Adj Net Incm | $0 | PrintingAndPubAdjNetIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $2,318 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $191,458 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $49,792 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $116,822 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $26,369,748 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $270,337 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,067,158 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $26,369,748 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $270,337 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,067,158 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $270,546,536 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $118,695,899 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $5,500 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,503,570 | CashBOYAmt |
| Cash EOY | $2,301,164 | CashEOYAmt |
| Cash EOYFMV | $2,301,164 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $41,974,506 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $41,974,506 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $957,209 | AcctRcvblAmt |
| Acct Rcvbl BOY | $150,207 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $957,209 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $957,209 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $5,714,700 | PledgesRcvblBOYAmt |
| Rcvbl From Officers EOY | $187,803 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $187,803 | RcvblFromOfficersEOYFMVAmt |
| Prepaid Expenses BOY | $18,044 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $25,054 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $25,054 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $56,144,667 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,171,207,709 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,171,207,709 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $187,280 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,943 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $183,337 | LandEOYAmt |
| Land EOYFMV | $183,337 | LandEOYFMVAmt |
| Other Assets BOY | $389,684 | OtherAssetsBOYAmt |
| Other Assets EOY | $15,861,361 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $15,861,361 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $63,920,872 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,232,698,143 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,232,698,143 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $134,443 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $139,278 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $2,198,130 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $22,871,963 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $2,332,573 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,011,241 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $55,873,599 | UnrestrictedBOYAmt |
| Unrestricted EOY | $1,209,686,902 | UnrestrictedEOYAmt |
| Temporarily Restricted BOY | $5,714,700 | TemporarilyRestrictedBOYAmt |
| Temporarily Restricted EOY | $0 | TemporarilyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $61,588,299 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,209,686,902 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $63,920,872 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,232,698,143 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $61,588,299 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $270,546,536 | ExcessRevenueOverExpensesAmt |
| Other Increases | $877,552,067 | OtherIncreasesAmt |
| Subtotal | $1,209,686,902 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,209,686,902 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (15 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| XRP CRYPTOCURRENCY | D | 2017-05-31 | $1,017,243 | $1,017,243 | $1,017,243 |
| XRP CRYPTOCURRENCY | D | 2017-06-30 | $1,406,224 | $1,406,224 | $1,406,224 |
| XRP CRYPTOCURRENCY | D | 2017-07-31 | $220,952 | $220,952 | $220,952 |
| XRP CRYPTOCURRENCY | D | 2017-08-31 | $58,206 | $58,206 | $58,206 |
| XRP CRYPTOCURRENCY | D | 2017-09-30 | $78,268 | $78,268 | $78,268 |
| XRP CRYPTOCURRENCY | D | 2017-10-31 | $577,414 | $577,414 | $577,414 |
| XRP CRYPTOCURRENCY | D | 2017-11-30 | $2,028,095 | $2,028,095 | $2,028,095 |
| XRP CRYPTOCURRENCY | D | 2017-12-31 | $13,305,027 | $13,305,027 | $13,305,027 |
| XRP CRYPTOCURRENCY | D | 2018-01-31 | $13,840,739 | $13,840,739 | $13,840,739 |
| XRP CRYPTOCURRENCY | D | 2018-02-28 | $6,409,303 | $6,409,303 | $6,409,303 |
| XRP CRYPTOCURRENCY | D | 2018-03-31 | $3,969,196 | $3,969,196 | $3,969,196 |
| XRP CRYPTOCURRENCY | D | 2018-04-30 | $4,859,300 | $4,859,300 | $4,859,300 |
| XRP CRYPTOCURRENCY | D | 2017-12-31 | $50,000,000 | $50,000,000 | $50,000,000 |
| XRP CRYPTOCURRENCY | D | 2017-12-31 | $5,259,905 | $5,259,905 | $5,259,905 |
| XRP CRYPTOCURRENCY | D | 2017-12-31 | $15,779,715 | $15,779,715 | $15,779,715 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $118,809,587 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,122,844 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $8,387,855 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.133865 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $805,420 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $7,427,314 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.108440 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $180,027 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $777,247 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.231621 | DistributionYr3Rt |
| Total Distribution | 0.473926 | TotalDistributionRt |
| Average Distribution | 0.157975 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $112,191,496 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $17,723,452 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,186,959 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $18,910,411 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,067,158 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,373,918 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,373,918 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,373,918 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,334,489 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $200,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,534,489 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $160,571 | OverpaymentAmt |
| Applied To ES Tax | $160,571 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | Yes (1) | 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 | 0 | BusinessHoldingsInd |
| 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 | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
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 | $665,000 | $19,955 | $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 | $194,231 | $9,597 | $0 |
| PRADEEP SUTHRAM | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | DIRECTOR OF PRODUCT | 40.00 | $162,700 | $15,275 | $0 |
| SARAH BURCH | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | SENIOR PORTFOLIO MAN | 40.00 | $121,923 | $8,229 | $0 |
| JAY LEE | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | GROWTH AND COMMUNITY | 40.00 | $96,846 | $7,489 | $0 |
| SARA JOHNSON | ||||||||
| 889 WINSLOW STREET SUITE 501 | REDWOOD CITY | CA | 94063 | SENIOR INVESTMENT AS | 40.00 | $62,738 | $4,299 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 7 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BPM LLP | |||||
| 600 CALIFORNIA STREET SUITE 600 | SAN FRANCISCO | CA | 94108 | ACCOUNTING SERVICES | $197,733 |
| DAVIS WRIGHT TREMAINE LLP | |||||
| 505 MONTGOMERY STREET | SAN FRANCISCO | CA | 94111 | LEGAL SERVICES | $116,079 |
| 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 BELIEVES IN A WORLD WHERE INNOVATIVE ORGANIZATIONS CREATE SYSTEMIC & SUSTAINABLE SOCIAL CHANGE TO ADDRESS THE WORLD'S TOUGHEST CHALLENGES, INCLUDING POVERTY, LACK OF FINANCIAL INCLUSION, CLEAN WATER, HEALTHCARE & ACCESS TO ELECTRICITY. OUR MISSION IS TO ACCELERATE THE SUCCESS OF SOCIAL ENTERPRISES WORKING TO DEVELOP PRODUCTS & SERVICES THAT SERVE THOSE IN NEED AROUND THE WORLD BY PROVIDING EXPERTISE & EXPERIENCE TO CONQUER SCALING CHALLENGES FEW IN THEIR COUNTRY HAVE SEEN. RIPPLEWORKS PAIRS PROVEN ENTREPRENEURS WITH PROMISING SOCIAL ENTERPRISES TO SOLVE IMMEDIATE & PRESSING SCALING CHALLENGES. FOR OUR EXPERTS, THE PROJECTS ARE SHORT TERM VOLUNTEER PROGRAMS THAT ENABLES THE VOLUNTEERS TO DRIVE SOCIAL AND ECONOMIC CHANGE WHILE KEEPING THEIR DAY JOB. EXPERTS VOLUNTEER THEIR TIME, RIPPLEWORKS PAYS FOR THE EXPERT TO TRAVEL TO THE COMPANY, AND PROVIDES ALL THE PROJECT SUPPORT SO THE EXPERTS AND CEOS FOCUS ON DEVELOPING SOLUTIONS TO SOME OF THE GLOBE'S MOST INTRACTABLE PROBLEMS. | Description1Txt |
| Expenses1 | $2,067,158 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $14,919,000 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $98,980,996 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $113,899,996 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $50,620,739 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $113,899,996 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,708,500 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $112,191,496 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,609,575 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,067,158 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,067,158 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,067,158 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2014-05-01 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,500 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $5,500 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,675 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $4,675 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,067,158 | CurrentYearAmt |
| Year1 | $1,122,844 | Year1Amt |
| Year2 | $805,420 | Year2Amt |
| Year3 | $108,027 | Year3Amt |
| Total | $4,103,449 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,067,158 | CurrentYearAmt |
| Year1 | $1,122,844 | Year1Amt |
| Year2 | $805,420 | Year2Amt |
| Year3 | $108,027 | Year3Amt |
| Total | $4,103,449 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,739,717 | CurrentYearAmt |
| Year1 | $279,595 | Year1Amt |
| Year2 | $247,577 | Year2Amt |
| Year3 | $25,908 | Year3Amt |
| Total | $4,292,797 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CHRISTIAN LARSEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $156,649 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $118,186,860 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRESENTATION FEE | Desc |
| Related Or Exempt Function Incm | $5,500 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $118,343,509 | ExclusionAmt |
| Related Or Exempt Function Incm | $5,500 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $118,349,009 | 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 | 11A | LineNumberTxt |
| Relationship Statement | PRESENTATION FEE | 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 (12 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Address Line1ContributorForeignAddress/AddressLine1Txt | CityContributorForeignAddress/CityNm | Province Or StateContributorForeignAddress/ProvinceOrStateNm | CountryContributorForeignAddress/CountryCd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PHOTOMATH | |||||||||||
| 1 | 16 MERCED AVE | SAN FRANCISCO | CA | 94127 | $17,500 | Yes (X) | |||||
| RUMA | |||||||||||
| 2 | $15,000 | Yes (X) | 2/JL BULUNGAN NO 9 2 | KEBAYORAN BARU | JAKARTA | ID | |||||
| COINSPH | |||||||||||
| 3 | $19,980 | Yes (X) | 28 BUKIT PASOH ROAD | YEE LAN COURT | SN | ||||||
| CIGNIFI | |||||||||||
| 4 | 245 FIRST STREET SUITE 1800 | CAMBRIDGE | MA | 02142 | $15,000 | Yes (X) | |||||
| NEXLEAF ANALYTICS | |||||||||||
| 5 | 2356 PELHAM AVENUE | LOS ANGELES | CA | 90064 | $10,000 | Yes (X) | |||||
| ANDELA INC | |||||||||||
| 6 | 129 WEST 29TH STREET 4TH FLOOR | NEW YORK | NY | 10001 | $20,000 | Yes (X) | |||||
| VISIONSPRING | |||||||||||
| 7 | 505 8TH AVENUE SUITE 12A07 | NEW YORK | NY | 10018 | $5,000 | Yes (X) | |||||
| PLAYWORKS | |||||||||||
| 8 | 517 4TH STREET | OAKLAND | CA | 94607 | $30,000 | Yes (X) | |||||
| ALLLIFE | |||||||||||
| 9 | $14,995 | Yes (X) | 2 LIBRIDGE BUILDING 3 | JOHANNESBURG | SF | ||||||
| TIENDA PAGO MANAGEMENT LLC | |||||||||||
| 10 | 1250 E HALLANDALE BEACH BOULEVARD S | HALLANDALE BEACH | FL | 33009 | $7,500 | Yes (X) | |||||
| RIPPLE INC | |||||||||||
| 11 | 585 BROADWAY STREET | REDWOOD CITY | CA | 94063 | $174,452,000 | Yes (X) | |||||
| CHRISTIAN LARSEN | |||||||||||
| 12 | C/O 585 BROADWAY STREET | REDWOOD CITY | CA | 94063 | $3,959,300 | Yes (X) | |||||
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 11 | APPRECIATION OF XRP CRYPTOCURRENCY PREVIOUSLY PLEDGED - 1,000,000,000 UNITS | $174,452,000 | 2017-10-06 |
| 12 | XRP CRYPTOCURRENCY - 20,000,000 UNITS | $3,959,300 | 2017-05-22 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $206,803 | Amt |
| Net Investment Income | $103,402 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $103,401 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | CHANGE IN BEGINNING NET ASSETS | IdentifierTxt |
| Form And Line Reference | FORM 990-PF, PART II LINE 24 & 25 | FormAndLineReferenceDesc |
| Medium Explanation | THE BEGINNING BALANCE SHEET REFLECTS A RECLASS OF PRIOR YEAR RETAINED EARNINGS TO FOLLOW SFAS 117 | MediumExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| XRP HOLDINGS | FMV | $1,135,349,447 | $1,135,349,447 |
| ARRINGTON CAPITAL FUND, LP | FMV | $30,782,928 | $30,782,928 |
| BLOCKCHAIN CAPITAL IV, LP | FMV | $5,075,334 | $5,075,334 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $156,038 | LegalFeesAmt |
| Net Investment Income | $48,647 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $104,120 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| ASSETS HELD FOR OTHERS | $389,684 | $0 | $0 |
| DEPOSITS | $0 | $75,120 | $75,120 |
| CONTRIBUTION HELD IN ESCROW | $15,786,241 | $15,786,241 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MARKETING | $210 | $0 | $0 | $438 |
| CONFERENCE SPONSORSHIP | $8,558 | $0 | $0 | $8,558 |
| INSURANCE | $14,691 | $0 | $0 | $22,834 |
| BANK FEES | $52,842 | $49,792 | $0 | $3,050 |
| DUES AND SUBSCRIPTIONS | $16,601 | $0 | $0 | $18,651 |
| RESEARCH | $23,600 | $0 | $0 | $0 |
| ADMINISTRATIVE EXPENSES | $1,444 | $0 | $0 | $248 |
| PENALTIES | $250 | $0 | $0 | $0 |
| OFFICE EXPENSES | $20,535 | $0 | $0 | $19,398 |
| POSTAGE | $365 | $0 | $0 | $364 |
| WORKERS' COMPENSATION | $23,809 | $0 | $0 | $23,611 |
| MEALS AND ENTERTAINMENT | $24,212 | $0 | $0 | $16,285 |
| OTHER EXPENSES | $4,341 | $0 | $0 | $3,385 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRESENTATION FEE | Desc |
| Revenue And Expenses Per Books | $5,500 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $5,500 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN | $876,927,667 |
| PRIOR YEAR ADJUSTMENT TO DEFERRED EXCISE TAX EXPENSE | $624,400 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (6 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| LIABILITY TO OTHERS | $389,684 | $0 |
| INCOME TAXES PAYABLE | $61,152 | $36,069 |
| DEFERRED TAX LIABILITY | $1,747,294 | $22,706,989 |
| ACCRUED PAYROLL LIABILITIES | $0 | $93,081 |
| DEFERRED RENT | $0 | $5,581 |
| OTHER ACCRUED EXPENSES | $0 | $30,243 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER | CategoryTxt |
| Amt | $85,584 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $86,129 | DisbursementsCharitablePrpsAmt |
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 40% 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 (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $81,167 | $0 | $0 | $73,494 |
| FEDERAL EXCISE TAX | $2,371,331 | $0 | $0 | $0 |
| DEFERRED EXCISE TAX | $21,584,095 | $0 | $0 | $0 |
| OTHER | $259 | $0 | $0 | $259 |