Skip to content
Nonprofiteer
← DECENTRALIZED WIRELESS FOUNDATION INC

Form 990 for tax year 2024

Filed by DECENTRALIZED WIRELESS FOUNDATION INC.

Totals

Total revenue
$35,192,479
Total expenses
$12,973,016
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$63,582
Investment income
$35,128,897
Other revenue
$0
Total assets, end of year
$37,650,061
Total liabilities, end of year
$364,377
Net assets or fund balances, end of year
$37,285,684
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: ISSUANCE INCOME

    total $46,167 · related or exempt $46,167

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $17,415 · related or exempt $17,415

  • 3 · Investment income

    total $3,805,119 · excluded $3,805,119

  • 7a · Gross sales of assets other than inventory

    other assets $31,323,778

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

    other assets $0

  • 7c · Gain or loss

    other assets $31,323,778

  • 7d · Net gain or loss

    total $31,323,778 · excluded $31,323,778

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $5,978,447

  • 11b · Fees: legal

    total $608,516

  • 11c · Fees: accounting

    total $12,633

  • 11g · Fees: other

    total $5,087,449

  • 12 · Advertising and promotion

    total $364,756

  • 13 · Office expenses

    total $64,511

  • 14 · Information technology

    total $299,355

  • 17 · Travel

    total $130,127

  • 19 · Conferences, conventions and meetings

    total $4,648

  • 20 · Interest

    total $246,723

  • 23 · Insurance

    total $150

  • 24a · Other expenses: MEMBER ISSUANCE EXPENSE

    total $161,381

  • 24b · Other expenses: MEMBERSHIP & DUES

    total $10,002

  • 24c · Other expenses: TAXES, LICENSES, & FEES

    total $4,318

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,015,241 · end of year $9,182,341

  • 4 · Accounts receivable

    beginning of year $11,311,699 · end of year $5,823

  • 7 · Other notes and loans receivable

    beginning of year $1,174,412 · end of year $22,735,643

  • 8 · Inventories for sale or use

    beginning of year $135 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,378 · end of year $216,792

  • 13 · Investments: program-related

    beginning of year $0 · end of year $2,427,978

  • 14 · Intangible assets

    beginning of year $754,680 · end of year $0

  • 15 · Other assets

    beginning of year $59,382 · end of year $3,081,484

  • 17 · Accounts payable and accrued expenses

    beginning of year $208,169 · end of year $364,377

  • 24 · Unsecured notes and loans payable

    beginning of year $1,902,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $17,260,758 · end of year $37,285,684

Mission and programs · 2024

Mission

TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS REGARDING THE USE, IMPLEMENTATION, AND DEVELOPMENT OF PEER-TO-PEER WIRELESS NETWORKS.

  • 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.

As filed on the 2024 return.

Listed in Part VII

  • Abhay Kumar

    CEO & BOARD CHAIR

    Total calculated
    $3,357,672
    From this org
    $3,357,672
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $3,357,672
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $3,357,672

  • Josh Kershner

    GENERAL COUNSEL & SECRETARY

    Total calculated
    $993,142
    From this org
    $967,784
    From related orgs
    $0
    Other
    $25,358
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $125,070
    Bonus
    $451,881
    Other
    $390,833
    Deferred
    $0
    Nontaxable benefits
    $25,358
    Filer's total
    $993,142

  • Jaime Wilkinson

    DIRECTOR

    Total calculated
    $99,482
    From this org
    $99,482
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Arman Dexfuki-Arjomandi

    DIRECTOR

    Total calculated
    $76,999
    From this org
    $76,999
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amira Valliani

    DIRECTOR

    Total calculated
    $45,862
    From this org
    $45,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott Sigel

    CHIEF OPERATING OFFICER

    Total calculated
    $1,405,292
    From this org
    $1,405,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $891,488
    Bonus
    $513,804
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,405,292

  • Noah Prince

    SENIOR DIRECTOR OF ENGINEERING (THRU 08/2024)

    Total calculated
    $1,413,132
    From this org
    $1,395,586
    From related orgs
    $0
    Other
    $17,546
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $814,103
    Bonus
    $512,500
    Other
    $68,983
    Deferred
    $0
    Nontaxable benefits
    $17,546
    Filer's total
    $1,413,132

  • Bryan Zettler

    SOFTWARE ENGINEER

    Total calculated
    $636,344
    From this org
    $623,419
    From related orgs
    $0
    Other
    $12,925
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,283
    Bonus
    $175,000
    Other
    $250,136
    Deferred
    $0
    Nontaxable benefits
    $12,925
    Filer's total
    $636,344

  • Matthew Thiery

    SOFTWARE ENGINEER

    Total calculated
    $307,787
    From this org
    $281,642
    From related orgs
    $0
    Other
    $26,145
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,561
    Bonus
    $68,672
    Other
    $73,409
    Deferred
    $0
    Nontaxable benefits
    $26,145
    Filer's total
    $307,787

  • Joseph Hiller

    SENIOR TECHNICAL DIRECTOR, LORAWAN

    Total calculated
    $276,167
    From this org
    $270,909
    From related orgs
    $0
    Other
    $5,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,643
    Bonus
    $62,534
    Other
    $51,732
    Deferred
    $0
    Nontaxable benefits
    $5,258
    Filer's total
    $276,167

  • Sonya Baumstein

    DIRECTOR OF FINANCE

    Total calculated
    $283,321
    From this org
    $258,952
    From related orgs
    $0
    Other
    $24,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,530
    Bonus
    $76,744
    Other
    $18,678
    Deferred
    $0
    Nontaxable benefits
    $24,369
    Filer's total
    $283,321

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4A
MATTHEW THIERRY RECEIVED SEVERANCE OF $71,194 NOAH PRINCE RECEIVED SEVERANCE OF $41,676 JOSEPH HILLER RECEIVED SEVERANCE OF $45,154 JOSHUA KERSHNER RECEIVED SEVERANCE OF $376,788 BRYAN ZETTLER RECEIVED SEVERANCE OF $160,833

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DECENTRALIZED WIRELESS LTD

    C · ENGINEERING · CJ · 100% owned · share of income $77,833 · share of assets $26,461,814 · controlled entity

    Directly controlled by DECENTRALIZED WIRELESS FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202601069349301215

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

The source document this was parsed from is served over the API, which is where bulk and document access live.