Ethereum Classic Cooperative Llc
- Assets
- $3.5m
- Revenue
- $123.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 32-0551158
Organization Overview
Ethereum Classic Cooperative Llc is located in Wilmington, DE. The organization was established in 2018. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ethereum Classic Cooperative Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ethereum Classic Cooperative Llc generated $123.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Ethereum Classic Cooperative Llc has awarded 18 individual grants totaling $206,041. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE ETHEREUM CLASSIC ECOSYSTEM BY PUTTING ON A PROOF OF WORK CONFERENCE, PROVIDING EDUCATIONAL MATERIALS, ATTENDING CONFERENCES, PANELS, OR SEMINARS,
HELPING TO MAINTAIN THE NETWORK AND HELPING SUPPORT FURTHER DEVELOPMENT OF THE TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert John Summerwill Executive Director & Secretary | 40 | $229,421 | |
Alison Alexis Financial Ctrl & Treasurer | 10 | $71,952 | |
Craig Salm Chairperson | 2.5 | $0 | |
Cody Burns Director | 2.5 | $0 | |
Elaine Ou Director | 2.5 | $0 | |
Roy Zou Director | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donald Mcintryre | 12/30/23 | $144,000 |
Isaac Ardis | 12/30/23 | $201,540 |
Gabriel Dourado | 12/30/23 | $70,525 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,980 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $301,373 |
| Other employee salaries and wages | $849,455 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,242 |
| Depreciation | $0 |
| Occupancy | $15,721 |
| Travel, conferences, and meetings | $230,509 |
| Printing and publications | $0 |
| Other expenses | $273,178 |
| Total operating and administrative expenses | $1,702,107 |
| Contributions, gifts, grants paid | $206,041 |
| Total expenses and disbursements | $1,908,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,162,589 |
| Savings and temporary cash investments | $28,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,179 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,222,404 |
| Total assets | $3,472,172 |
| Accounts payable and accrued expenses | $98,453 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $98,453 |
Grants Awarded
Over the last fiscal year, Ethereum Classic Cooperative Llc has awarded $206,041 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHABOX SOLUTIONS PTE LTD PURPOSE: TO SUPPORT ETC EDUCATION AND ENGAGEMENT THROUGH CUSTOMIZABLE UI BUILDING | $1,303 |
BLOCKSCOUT TECHNOLOGIES LTD PURPOSE: DECENTRALIZED, OPEN-SOURCE BLOCK EXPLORE | $17,147 |
COREY SCHIER PURPOSE: TO BRING MORE ADOPTION TO THE ETHEREUM CLASSIC BLOCKCHAIN | $3,429 |
NORTH STAR LEDGER LLC PURPOSE: TO CREATE A NEW DAO WHICH HAS SPECIAL FUNCTIONALITY AND INCENTIVES FOR BUILDING PROJECTS THAT GROW ETHEREUM CLASSIC FROM ITS CORE UP | $8,574 |
HANGZHOU XIANGMA INTERNET TECH LLC PURPOSE: TO INFLUENCE MORE USERS TO PAY ATTENTION TO AND PARTICIPATE IN THE ETC ECOLOGY | $3,429 |
HUASHEN ZHANG PURPOSE: TO EXPANDS THE RANGE OF APPLICATION SCENARIOS FOR SMART CONTRACTS AND BLOCKCHAIN TECHNOLOGY | $17,147 |