Filecoin Foundation For The Decentralized Web
- Assets
- $19.7m
- Revenue
- $23.0m
- Investments
- $19.0m
- Employees
- 0
- Location
- Middletown, DE
- Founding
- Data as of
- 09/2021
- EIN
- 85-2066977
Organization Overview
Filecoin Foundation For The Decentralized Web is located in Middletown, DE. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Filecoin Foundation For The Decentralized Web is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARITABLE MISSION OF THE FILECOIN FOUNDATION FOR THE DECENTRALIZED WEB IS TO ADVANCE HUMANKIND BY BRINGING WEB3 TO LIFE THROUGH EDUCATION, RESEARCH, AND DEVELOPMENT. THE FOUNDATION SUPPORTS PROGRAMS THAT EDUCATE THE PUBLIC ABOUT HOW THE INTERNET WORKS AND WHAT A DECENTRALIZED FUTURE MEANS FOR BUSINESS, GOVERNMENTS, AND CONSUMERS ALIKE. IN 2020, THE FOUNDATION ENGAGED IN A REFRAMING OF ITS CHARITABLE ACTIVITIES AROUND THREE INITIATIVES THAT ALIGN DIRECTLY WITH ITS MISSION, INCLUDING: SDG IMPACT FUND, INTERNET EDUCATION AND MEDIA ALLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marta Belcher Dir./president/secretary/treasury | 1 | $0 | |
Megan Klimen Vice President | 1 | $0 | |
Rainey Reitman Director | 1 | $0 | |
Brian Behlendorf Director | 1 | $0 | |
Clara Tsao Vice President | 1 | $0 | |
Kristin Smith Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oliver & Coady Inc | 9/29/21 | $136,448 |
Anchorage | 9/29/21 | $161,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,015,009 |
| Capital Gain Net Income | $3,015,009 |
| Net ST Capital Gain | $3,015,009 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,015,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,591,848 |
| Total operating and administrative expenses | $1,633,848 |
| Contributions, gifts, grants paid | $1,736,393 |
| Total expenses and disbursements | $3,370,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,300 |
| Savings and temporary cash investments | $0 |
| 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 | $283,691 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,016,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,697,018 |
| Accounts payable and accrued expenses | $52,250 |
| 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 | $52,250 |
Grants Awarded
Over the last fiscal year, Filecoin Foundation For The Decentralized Web has awarded $1,736,393 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: OPERATING | $1,000,000 |
San Francisco, CA PURPOSE: OPERATING | $436,393 |
San Francisco, CA PURPOSE: OPERATING | $250,000 |
New York, NY PURPOSE: OPERATING | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Filecoin Foundation For The Decentralized Web has recieved totaling $771,333.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $771,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Foundation For Public Policy Alternatives Harrisburg, PA | $4,571,108 | $7,295,526 |
Center For Effective Public Policy Kensington, MD | $14,990,522 | $715,106 |
Filecoin Foundation For The Decentralized Web Middletown, DE | $19,697,018 | $23,015,009 |
Veterans Education Success Inc Bethesda, MD | $4,542,087 | $3,336,791 |
Garden State Initiative Inc Morristown, NJ | $224,976 | $818,800 |
Legatum Institute Foundation Paoli, PA | $10,953 | $320,000 |
National Association Of Education Foundations Inc Hunt Valley, MD | $134,733 | $249,661 |
Center For Model Based Regulation Inc Davidsonville, MD | $380,309 | $189,905 |
Pennsylvania Public Interest Research Group Philadelphia, PA | $2,712,535 | $227,649 |
Jersey City Make It Better Jersey City, NJ | $62,093 | $0 |
Susquehanna Valley Center For Public Policy Elizabethtown, PA | $36,978 | $0 |
Vale-U-Health Rhio Belle Vernon, PA | $76,806 | $0 |