Sia Foundation Inc
- Assets
- $41.2m
- Revenue
- $45.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Randolph, MA
- Founding
- Data as of
- 12/2021
- EIN
- 85-4329649
Organization Overview
Sia Foundation Inc is located in Randolph, MA. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Sia Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sia Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SIA FOUNDATION WAS CREATED TO SERVE AS THE IDEAL STEWARD OF THE SIA STORAGE NETWORK: FINANCIALLY STABLE, POLITICALLY NEUTRAL, AND TECHNOLOGICALLY CAPABLE. WE AIM TO DISRUPT CLOUD STORAGE BY ALLOWING PEERS TO BUY AND SELL CLOUD STORAGE DIRECTLY IN A GLOBAL, TRUSTLESS MARKETPLACE, AND TO CONDUCT RESEARCH AND ENGINEERING IN THE OPEN, SHARING OUR RESULTS FOR THE BENEFIT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SIA FOUNDATION EXISTS TO STRENGTHEN THE SIA PROTOCOL THROUGH RESEARCH AND DEVELOPMENT BY FUNDING DEVELOPERS AND OTHER PROTOCOL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Champine President/treasurer | OfficerTrustee | 40 | $133,302 |
Eddie Wang Chairman/secretary | OfficerTrustee | 8 | $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 | $41,668,273 |
| Noncash contributions included in lines 1a–1f | $41,667,273 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,668,273 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,149,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,817,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,400 |
| Grants and other assistance to domestic individuals. | $30,033 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,125 |
| Compensation of current officers, directors, key employees. | $94,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,268 |
| Payroll taxes | $25,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,762 |
| Fees for services: Accounting | $12,976 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,249 |
| Advertising and promotion | $0 |
| Office expenses | $9,637 |
| Information technology | $132,339 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267 |
| Insurance | $4,149 |
| All other expenses | $0 |
| Total functional expenses | $771,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,331,680 |
| Savings and temporary cash investments | $0 |
| 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 | $3,943 |
| Net Land, buildings, and equipment | $5,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $34,889,970 |
| Other assets | $0 |
| Total assets | $41,231,274 |
| Accounts payable and accrued expenses | $2,247 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,247 |
| Net assets without donor restrictions | $41,229,027 |
| Net assets with donor restrictions | $0 |
| 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 | $41,231,274 |
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|---|---|---|
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William & Mary Greve Foundation Inc Norfolk, CT | $26,806,956 | $4,445,583 |
American Vacuum Society Incorporated New York, NY | $15,639,477 | $3,580,323 |
Art Science Research Laboratory Inc New York, NY | $240,453 | $3,090,633 |
Interaction Institute Boston, MA | $4,627,027 | $4,733,561 |
New York Wine Grape Foundation Penn Yan, NY | $1,037,774 | $2,662,535 |
Fragrance Foundation Inc New York, NY | $4,383,743 | $2,574,957 |
Policy Research Inc Delmar, NY | $614,854 | $1,916,396 |
The Solar Foundation Albany, NY | $0 | $1,336,664 |
Research Institute For Learning And Development Lexington, MA | $900,600 | $1,374,678 |
New York State Association For Latham, NY | $359,200 | $986,634 |