Signal Technology Foundation
- Assets
- $37.4m
- Revenue
- $35.8m
- Investments
- $0.0
- Employees
- 51
- Location
- Mountain View, CA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 82-4506840
Organization Overview
Signal Technology Foundation is located in Mountain View, CA. The organization was established in 2019. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Signal Technology Foundation employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Signal Technology Foundation 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, Signal Technology Foundation generated $35.8m in total revenue. All expenses for the organization totaled $35.8m during the year ending 12/2023. While expenses have increased by 38.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP PRIVACY TECHNOLOGY THAT PROTECTS FREE EXPRESSION & ENABLES SECURE GLOBAL COMMUNICATION.
Describe the Organization's Program Activity:
FOLLOWING ITS FORMATION IN EARLY 2018, SIGNAL FOUNDATION'S PRIMARY ACTIVITY WAS THE CONTINUOUS IMPROVEMENT TO SIGNAL MESSENGER IN ORDER TO ENSURE GLOBAL ACCESS TO A SECURE, END-TO-END ENCRYPTED VOICE AND TEXT COMMUNICATIONS PLATFORM. THROUGH SIGNAL MESSENGER, USERS CAN SECURELY CALL AND TEXT ONE ANOTHER. THE CONTENT OF THOSE COMMUNICATIONS ARE SECURELY ENCRYPTED BY THE APP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Whittaker Director / Pres Of Signal Messenger | Trustee | 40 | $735,234 |
Jim O'leary Vp, Engineering | 40 | $659,908 | |
Ehren Kret Chief Technology Officer | 40 | $671,220 | |
Alan Liu Director, Engineering | 40 | $503,125 | |
Aruna Harder Chief Operating Officer | Officer | 40 | $521,088 |
Randall Sarafa Chief Product Officer | 40 | $479,613 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Twilio Inc Phone Verification Services | 12/30/23 | $4,123,429 |
Amazon Web Services Cloud Hosting Services | 12/30/23 | $2,298,031 |
Google Llc Cloud Hosting Services | 12/30/23 | $1,869,005 |
Messagebird Phone Verification Services | 12/30/23 | $1,392,653 |
Microsoft Cloud Hosting Services | 12/30/23 | $1,384,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,687,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,687,563 |
| Total Program Service Revenue | $10,269,447 |
| Investment income | $661,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,270,012 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $862,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,750,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,328,860 |
| Compensation of current officers, directors, key employees. | $543,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,001,569 |
| Pension plan accruals and contributions | $743,884 |
| Other employee benefits | $728,291 |
| Payroll taxes | $708,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $224,519 |
| Fees for services: Accounting | $112,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,283,966 |
| Advertising and promotion | $249,709 |
| Office expenses | $56,079 |
| Information technology | $806,057 |
| Royalties | $0 |
| Occupancy | $45,412 |
| Travel | $453,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,123 |
| Interest | $853,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,320,585 |
| Insurance | $0 |
| All other expenses | $25 |
| Total functional expenses | $35,808,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,033,313 |
| Savings and temporary cash investments | $4,163,745 |
| Pledges and grants receivable | $325,461 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $348,655 |
| Net Land, buildings, and equipment | $99,905 |
| Investments—publicly traded securities | $10,894,580 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,215,474 |
| Other assets | $1,352,090 |
| Total assets | $37,433,223 |
| Accounts payable and accrued expenses | $1,126,003 |
| Grants payable | $0 |
| Deferred revenue | $40,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $32,934,746 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,101,582 |
| Net assets without donor restrictions | -$69,059,074 |
| Net assets with donor restrictions | $72,390,715 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,433,223 |