Decentralized Wireless Foundation Inc
- Assets
- $19.4m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1704800
Organization Overview
Decentralized Wireless Foundation Inc, operating under the name Helium Foundation, is located in San Francisco, CA. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helium Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Helium Foundation generated $14.4m in total revenue. All expenses for the organization totaled $9.4m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS REGARDING THE USE, IMPLEMENTATION, AND DEVELOPMENT OF PEER-TO-PEER WIRELESS NETWORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROMOTES THE DEVELOPMENT OF PEER-TO-PEER WIRELESS NETWORKS,; EDUCATES THE PUBLIC REGARDING THE VALUE OF DECENTRALIZED WIRELESS NETWORKS; PROVIDES GRANTS TO PROJECTS THAT CREATE OPEN SOURCE DEVELOPER TOOLS, NETWORK ANALYTICS, AND EDUCATION REGARDING PEER-TO-PEER WIRELESS NETWORKS; AND CREATES A FRAMEWORK FOR BUSINESSES USING PEER-TO-PEER WIRELESS NETWORKS TO COLLABORATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Kershner General Counsel & Secretary | OfficerTrustee | 41 | $272,537 |
Jaime Wilkinson Director | Trustee | 2 | $55,551 |
Arman Dexfuki-Arjomandi Director | Trustee | 2 | $42,997 |
Scott Sigel Chief Operating Officer | Officer | 40 | $296,233 |
Abhay Kumar CEO & Board Chair | Officer | 40 | $275,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venture Workforce Solutions Inc Payoll Related Services | 12/30/23 | $6,069,427 |
Ventureloop Hr Llc International Payroll Services | 12/30/23 | $655,449 |
Morrison Cohen Llp Legal Services | 12/30/23 | $499,909 |
Papaya Global Inc International Payroll Services | 12/30/23 | $187,607 |
Vsc Consulting Inc Public Relations | 12/30/23 | $112,473 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $13,786,123 |
| Investment income | $535,343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,409,728 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $630,893 |
| Fees for services: Accounting | $40,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,858,570 |
| Advertising and promotion | $0 |
| Office expenses | $26,098 |
| Information technology | $583,195 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $183,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,611 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,403,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,015,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,311,699 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,174,412 |
| Inventories for sale or use | $135 |
| Prepaid expenses and deferred charges | $55,378 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $754,680 |
| Other assets | $59,382 |
| Total assets | $19,370,927 |
| Accounts payable and accrued expenses | $208,169 |
| 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 | $1,902,000 |
| Other liabilities | $0 |
| Total liabilities | $2,110,169 |
| Net assets without donor restrictions | $17,260,758 |
| 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 | $19,370,927 |