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Nonprofiteer
← OPEN SECURITY ALLIANCE INC

Form 990 for tax year 2024

Filed by OPEN SECURITY ALLIANCE INC.

Totals

Total revenue
$1,165,481
Total expenses
$1,184,998
Contributions and grants received
$1,111,007
Grants paid
$100,000
Program service revenue
$0
Investment income
$53,602
Other revenue
$872
Total assets, end of year
$288,154
Total liabilities, end of year
$39,777
Net assets or fund balances, end of year
$248,377
Program services expenses (Part IX)
$1,004,528
Management and general expenses
$180,470
Fundraising expenses
$0
Program service expenses (Part III)
$1,004,528

Program services were 84.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,111,007

  • 1g · Noncash contributions included above

    $288,107

  • 7a · Gross sales of assets other than inventory

    other assets $53,602

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $53,602

  • 7d · Net gain or loss

    total $53,602 · related or exempt $53,602

  • 11a · Other revenue: MISCELLANEOUS

    total $872 · related or exempt $872

  • 11e · Other revenue, total

    $872

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 11b · Fees: legal

    total $12,957 · management and general $12,957

  • 12 · Advertising and promotion

    total $19,499 · management and general $19,499

  • 13 · Office expenses

    total $51,144 · management and general $51,144

  • 17 · Travel

    total $13,522 · program services $12,152 · management and general $1,370

  • 19 · Conferences, conventions and meetings

    total $2,424 · management and general $2,424

  • 20 · Interest

    total $24 · management and general $24

  • 23 · Insurance

    total $21,240 · management and general $21,240

  • 24a · Other expenses: CONTRACTORS

    total $808,458 · program services $742,376 · management and general $66,082

  • 24b · Other expenses: ASSEMBLY EXPENSES

    total $150,000 · program services $150,000

  • 24c · Other expenses: FEDERAL EXCISE TAXES

    total $4,312 · management and general $4,312

  • 24d · Other expenses: BANK CHARGES

    total $1,418 · management and general $1,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,850 · end of year $83,490

  • 12 · Investments: other securities

    beginning of year $207,112 · end of year $204,664

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,994 · end of year $39,777

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $251,968 · end of year $248,377

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE SECURITY OF EMERGING TECHNOLOGY ECOSYSTEMS.

  • THE INCIDENT RESPONSE "SEAL 911" INITIATIVE CONTINUED TO SHINE IN 2024 AS THEY SPEARHEADED AND ASSISTED ON 1122 TICKETS WHICH WAS A SIGNIFICANT INCREASE FROM 78 TICKETS IN 2023. THE TEAM GREW TO OVER 50 ACTIVE MEMBERS AND STARTED ESTABLISHING DIRECT LINE COMMUNICATION GROUPS WITH KEY PROTOCOL AND APPLICATION LAYER PROJECTS. SEAL 911 STARTED TO GAIN SIGNIFICANT CREDIBILITY ACROSS THE EVM ECOSYSTEM AND BLOCKED >150,000 PHISHING DOMAINS AND SAVED APPROXIMATELY $75M USD. "SEAL INTEL" (PREVIOUSLY KNOWN AS SEAL ISAC) WAS LAUNCHED IN MAY 2024 TO IMPROVE INFORMATION SHARING IN THREAT INTELLIGENCE VIA OPENCTI. IT IS RESPONSIBLE FOR GATHERING, ANALYZING, AND DISSEMINATING INFORMATION ABOUT NEW THREAT ACTORS AND TRENDS. THE NUMBER OF EARLY PARTICIPANTS INVOLVED INCLUDED NEARLY TWO DOZEN BLOCKCHAIN ORGANIZATIONS.THE "SEAL SAFE HARBOR" INITIATIVE WAS PUBLICLY ANNOUNCED IN 2024 AFTER SEVERAL YEARS OF EFFORT AND ASSISTANCE FROM TOP CRYPTO RESEARCHERS AND ATTORNEYS TO WRITE AND REVIEW THE AGREEMENT. IT IS A STANDARD FRAMEWORK THAT PRE-AUTHORIZES WHITEHATS TO RESCUE FUNDS DURING ACTIVE EXPLOITS. THE TEAM HELPED 5 PROTOCOLS TO ADOPT DURING 2024, AND HELPED VARIOUS OTHERS PREPARE THEIR ADOPTIONS. ADDITIONALLY, THE SAFE HARBOR INITIATIVE SETUP INFRASTRUCTURE - CREATING DOCUMENTATION & PUBLIC RESOURCES FOR SAFE HARBOR, AND WORKING WITH VARIOUS OTHER BLOCKCHAIN SECURITY ORGANIZATIONS TO HELP INTEGRATE SAFE HARBOR INTO THEIR PLATFORMS.THE "SEAL WARGAMES" INITIATIVE BEGAN IN MID-2023 WITH THE GOAL OF PREPARING PROTOCOL TEAMS FOR INCIDENT RESPONSE THROUGH HANDS-ON TRAINING. IN 2024 WARGAMES COMPLETED 10 DRILLS WITH 5 PROTOCOLS INCLUDING SOME OF THE LARGEST DEFI, LIQUID STAKING, AND LAYER 2 NETWORKS IN THE ECOSYSTEM. THE WARGAMES INITIATIVE ALSO RELEASED OPEN SOURCE TOOLKITS, INFRASTRUCTURE, AND TRAINING MATERIALS TO SHARE LEARNINGS AND BEST PRACTICES FOR INCIDENT PREPARATION AND RESPONSE WITH THE BROADER COMMUNITY.SECURITY ALLIANCE (SEAL) LEADERSHIP AND INITIATIVE LEADS ALSO HOSTED AND SPOKE AT EVENTS DURING THE 2024 YEAR. THIS INCLUDED HOSTING THE ANNUAL SEAL ASSEMBLY IN BELGIUM WHERE THERE WERE APPROXIMATELY 100 GUESTS THAT INCLUDED DONORS, CONTRIBUTORS, AND TOP LEVEL SECURITY RESEARCHERS. THE TEAM HOSTED A HACKATHON AT DEVCONNECT AND GAVE MULTIPLE CYBERSECURITY PRESENTATIONS AT THE DEFI SECURITY SUMMIT AND DEVCONNECT EVENTS.

    Expenses $1,004,528 · Grants $100,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rebecca Rettig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Miles Jennings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Mosier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • David Theodore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Brendan Malone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Samcz Sun

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    40

  • David Desjardins

    CHIEF OF STAFF

    Total calculated
    $66,082
    From this org
    $66,082
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533169349305248

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