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Nonprofiteer
← SATOSHI ACTION FUND

Form 990 for tax year 2023

Filed by SATOSHI ACTION FUND.

Totals

Total revenue
$325,657
Total expenses
$474,289
Contributions and grants received
$259,975
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$65,682
Total assets, end of year
$97,034
Total liabilities, end of year
$4,837
Net assets or fund balances, end of year
$92,197
Program services expenses (Part IX)
$384,685
Management and general expenses
$55,657
Fundraising expenses
$33,947
Program service expenses (Part III)
$384,685

Program services were 81.1% 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

    $259,975

  • 1g · Noncash contributions included above

    $12,248

  • 11a · Other revenue

    total $45,682 · related or exempt $45,682

  • 11b · Other revenue

    total $20,000 · related or exempt $20,000

  • 11e · Other revenue, total

    $65,682

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $60,227 · program services $44,603 · management and general $15,624

  • 10 · Payroll taxes

    total $20,924 · management and general $20,924

  • 11b · Fees: legal

    total $1,670 · management and general $1,670

  • 11c · Fees: accounting

    total $4,686 · management and general $4,686

  • 11d · Fees: lobbying

    total $88,256 · program services $88,256

  • 11g · Fees: other

    total $160,724 · program services $150,261 · management and general $5,572 · fundraising $4,891

  • 12 · Advertising and promotion

    total $3,247 · fundraising $3,247

  • 13 · Office expenses

    total $4 · management and general $4

  • 14 · Information technology

    total $410 · management and general $410

  • 17 · Travel

    total $36,743 · program services $36,743

  • 24a · Other expenses: HOTEL

    total $28,819 · program services $28,819

  • 24b · Other expenses: MEALS

    total $27,828 · program services $27,828

  • 24c · Other expenses: EVENT FOOD & BEVERAGE

    total $21,281 · fundraising $21,281

  • 24d · Other expenses: MERCHANT AND THIRD PART

    total $9,181 · program services $6,148 · management and general $581 · fundraising $2,452

  • 24e · All other expenses

    total $10,289 · program services $2,027 · management and general $6,186 · fundraising $2,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,829 · end of year $66,113

  • 12 · Investments: other securities

    end of year $30,921

  • 17 · Accounts payable and accrued expenses

    end of year $4,837

  • 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 $0 · end of year -$148,632

Mission and programs · 2023

Mission

WE BELIEVE THAT BITCOIN AND BITCOIN MINING HAVE THE POTENTIAL TO POSITIVELY IMPACT OUR ENVIRONMENT, OUR GRID, OUR ECONOMY, AND SOCIETY AS A WHOLE. WE WORK WTIH LAWMAKERS AND REGULATORS AS WELL AS THE GENERAL PUBLIC TO ENSURE THAT BITCOIN IS ADOPTED SO ALL AMERICANS HAVE THE OPPORTUNITY TO BENEFIT FROM THIS TECHNOLOGY.

Activities or mission (Part I)

WE BELIVE THAT BITCOIN AND BITCOIN MINING HAVE THE POTENTIAL TO POSITIVELY IMPACT OUR ENVIRONMENT, OUR GRID, OUR ECONOMY, AND SOCIETY AS A WHOLE.WE WORK WITH LAWMAKERS AND REGULATORS AS WELL AS THE GENERAL PUBLIC TO ENSURE THAT BITCOIN IS ADOPTED SO ALL AMERICANS HAVE THE OPPORTUNITY TO BENEFIT FROM THIS TECHNOLOGY.

  • WORK WITH LAWMAKERS, DRAFT MODEL POLICY AND WORK WITH LAWMAKERS TO PASS LEGISLATION.

    Expenses $384,685

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amanda Gunasekara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Surya Gunasekara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis S Porter

    CEO

    Total calculated
    $38,000
    From this org
    $38,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Eric Peterson

    POLICY DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349302296

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

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