Interledger Foundation
- Assets
- $102.6m
- Revenue
- $111.8m
- Investments
- $24.2m
- Employees
- 6
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-2364885
Organization Overview
Interledger Foundation is located in San Francisco, CA. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Interledger Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interledger 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 12/2021, Interledger Foundation generated $111.8m in total revenue. All expenses for the organization totaled $6.0m during the year ending 12/2021.
Since 2021, Interledger Foundation has awarded 22 individual grants totaling $1,994,943. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERLEDGER FOUNDATION IS A NON-PROFIT ADVOCATE FOR THE WEB, PROMOTING INNOVATION, CREATIVITY, AND INCLUSION BY ADVANCING OPEN PAYMENT STANDARDS AND TECHNOLOGIES THAT SEAMLESSLY CONNECT OUR GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERLEDGER WORKS TO BROADEN THE DIVERSITY OF VOICES IN THE TECH ECOSYSTEM BY USING THE INTERLEDGER PROTOCOL (ILP) TO POWER A CURRENCY-AGNOSTIC PAYMENTS NETWORK AS A DRIVER FOR DIGITAL FINANCIAL INCLUSION. INTERLEDGER HAD THE FOLLOWING ACCOMPLISHMENTS IN 2021: IN OUR GRANT MAKING WE FUNDED 60 PROJECTS IN 23 COUNTRIES WHILE EXPANDING THE PROGRAM AREAS THAT WE FUND. IN ADDITION, WE LED THE COMMUNITY, ECOSYSTEM AND PARTNERS TOWARDS ADVANCING THE FUNCTIONALITY OF THE INTERLEDGER PROTOCOL. FINALLY WE CONTINUED TO BUILD OUR ORGANIZATIONAL CAPACITY TO BETTER ACHIEVE OUR MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Briana Marbury Executive Director | Officer | 40 | $205,000 |
Chris Lawrence Senior Director Of Programs | 40 | $150,000 | |
Erika Drushka Senior Director Of Programs | 40 | $150,000 | |
Stefan Thomas Chairperson | OfficerTrustee | 5 | $0 |
Evan Schwartz President | OfficerTrustee | 10 | $0 |
Gary Morris Treasurer | Officer | 10 | $0 |
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 | $129,145,759 |
| Noncash contributions included in lines 1a–1f | $129,145,759 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,145,759 |
| Total Program Service Revenue | $0 |
| Investment income | $21,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,364,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,802,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,996,943 |
| Grants and other assistance to domestic individuals. | $384,838 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,577,068 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,592 |
| Compensation of current officers, directors, key employees. | $32,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $477,219 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,618 |
| Payroll taxes | $30,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $172,502 |
| Fees for services: Accounting | $63,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $452,578 |
| Fees for services: Other | $65,289 |
| Advertising and promotion | $168,825 |
| Office expenses | $229,665 |
| Information technology | $137,772 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $447 |
| Insurance | $9,808 |
| All other expenses | $539 |
| Total functional expenses | $6,046,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,946,466 |
| Savings and temporary cash investments | $75,450,126 |
| Pledges and grants receivable | $0 |
| 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 | $6,599 |
| Net Land, buildings, and equipment | $13,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,170,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,217 |
| Total assets | $102,603,336 |
| Accounts payable and accrued expenses | $115,580 |
| Grants payable | $1,860,334 |
| Deferred revenue | $250,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,225,914 |
| Net assets without donor restrictions | $93,999,115 |
| Net assets with donor restrictions | $6,378,307 |
| 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 | $102,603,336 |
Grants Awarded
Over the last fiscal year, Interledger Foundation has awarded $1,994,943 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CRWN MAGAZINE LLC PURPOSE: GRANT FOR INNOVATION IN OPEN PAYMENTS | $404,000 |
THE KEYES COLLECTIVE DBA BLACK ARTIST COLLECTIVE PURPOSE: GRANT FOR INNOVATION IN OPEN PAYMENTS | $125,000 |
ITADI LLC PURPOSE: GRANT FOR INNOVATION IN OPEN PAYMENTS | $100,000 |
SOUL IN THE HORN ENTERPRISE LLC PURPOSE: GRANT FOR INNOVATION IN OPEN PAYMENTS | $100,000 |
THE ITME CORPORATION PURPOSE: GRANT FOR INNOVATION IN OPEN PAYMENTS | $100,000 |
GHOST IN THE MACHINE DBA SNAKE NATION PURPOSE: GRANT FOR INNOVATION IN OPEN PAYMENTS | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Interledger Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: International Development | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transfair Usa Oakland, CA | $19,057,567 | $24,006,067 |
Hope Worldwide Ltd San Diego, CA | $8,639,959 | $19,582,305 |
World Emergency Relief San Dimas, CA | $1,123,706 | $17,740,144 |
Rippleworks Inc Redwood City, CA | $1,127,548,161 | $34,942,704 |
Project Concern International San Diego, CA | $10,331,948 | $12,210,235 |
Muso Inc San Francisco, CA | $26,014,068 | $28,737,104 |
Surgical Eye Expeditions International Inc Santa Barbara, CA | $14,555,876 | $8,599,014 |
Volunteers For Interamerican Development Assistance Berkeley, CA | $167,273 | $11,297,919 |
Id Insight Inc San Francisco, CA | $38,189,012 | $28,897,820 |
Seva Foundation Berkeley, CA | $35,516,078 | $12,363,938 |
Peking University Education Foundation Usa San Mateo, CA | $72,899,671 | $11,690,196 |
Camfed U S A Foundation San Francisco, CA | $36,300,793 | $18,741,639 |