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Nonprofiteer
← ENDAOMENT

Form 990 for tax year 2022

Filed by ENDAOMENT.

Totals

Total revenue
$1,690,214
Total expenses
$13,817,473
Contributions and grants received
$1,623,475
Grants paid
$12,265,907
Program service revenue
$66,739
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,205,009
Total liabilities, end of year
$1,212
Net assets or fund balances, end of year
$4,203,797
Program services expenses (Part IX)
$13,295,839
Management and general expenses
$256,960
Fundraising expenses
$264,674
Program service expenses (Part III)
$13,295,839

Program services were 96.2% 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

    $1,623,475

  • 1g · Noncash contributions included above

    $1,623,475

  • 2a · Program service revenue: PROGRAM REVENUE

    total $66,739 · related or exempt $66,739

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,265,907 · program services $12,265,907

  • 5 · Compensation of officers, directors and key employees

    total $232,916 · program services $186,333 · management and general $46,583

  • 7 · Other salaries and wages

    total $351,745 · program services $281,396 · management and general $70,349

  • 9 · Other employee benefits

    total $82,537 · program services $66,030 · management and general $16,507

  • 10 · Payroll taxes

    total $38,402 · program services $30,722 · management and general $7,680

  • 11b · Fees: legal

    total $30,345 · program services $24,276 · management and general $6,069

  • 11g · Fees: other

    total $257,621 · program services $206,515 · management and general $51,106

  • 13 · Office expenses

    total $191,540 · program services $153,231 · management and general $38,309

  • 14 · Information technology

    total $21,675 · program services $17,340 · management and general $4,335

  • 17 · Travel

    total $59,354 · program services $47,483 · management and general $11,871

  • 22 · Depreciation, depletion and amortization

    total $2,900 · program services $2,320 · management and general $580

  • 23 · Insurance

    total $4,925 · program services $3,940 · management and general $985

  • 24a · Other expenses: SALES & MARKETING

    total $264,674 · fundraising $264,674

  • 24b · Other expenses: RECRUITING

    total $12,546 · program services $10,037 · management and general $2,509

  • 24c · Other expenses: LICENSES AND FEES

    total $386 · program services $309 · management and general $77

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $590,590 · end of year $5,829

  • 2 · Savings and temporary cash investments

    beginning of year $15,264,926 · end of year $3,737,767

  • 4 · Accounts receivable

    beginning of year $108,596 · end of year $108,545

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,939 · end of year $27,880

  • 10a · Land, buildings and equipment: cost or other basis

    $14,503

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,549

  • 10c · Land, buildings and equipment, net

    beginning of year $12,854 · end of year $9,954

  • 12 · Investments: other securities

    beginning of year $194,993

  • 13 · Investments: program-related

    beginning of year $188,991 · end of year $315,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,833 · end of year $1,212

  • 18 · Grants payable

    end of year $0

  • 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 $16,331,056 · end of year $4,203,797

Mission and programs · 2022

Mission

THE MISSION OF ENDAOMENT IS TO MANAGE, ENCOURAGE, AND SUPPORT THE CHARITABLE GIVING OF CRYPTO ASSETS.

Activities or mission (Part I)

SEE SCHEDULE O

  • IN FURTHERANCE OF ITS EXEMPT PURPOSES, ENDAOMENT PLANS TO CREATE, MANAGE, AND MAKE GRANTS FROM DAFS FUNDED BY DONORS TO ENDAOMENT. IN ORDER TO ALLOW DAFS TO BE FUNDED WITH CRYPTO CURRENCIES, ENDAOMENT PROVIDES THE ENDAOMENT INDIVIDUAL DONOR-ADVISED FUND: A SMART CONTRACT-POWERED DONOR-ADVISED FUND (THE "ENDAOMENT DAF") DEPLOYED ON THE POPULAR ETHEREUM BLOCKCHAIN.

    Expenses $13,295,839 · Grants $12,265,907 · Revenue $66,739

As filed on the 2022 return.

Listed in Part VII

  • ROBERT HEEGER

    PRESIDENT & CEO

    Total calculated
    $60,950
    From this org
    $46,162
    From related orgs
    $0
    Other
    $14,788
    Hours/week
    60

  • CARTER WILKINSON

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • VANCE SPENCER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • RUTH BENDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ZACHARY BRONSTEIN

    COO

    Total calculated
    $154,357
    From this org
    $139,373
    From related orgs
    $0
    Other
    $14,984
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $139,373
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,984
    Filer's total
    $154,357

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349317486

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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