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Nonprofiteer
← DECENTRALIZED WIRELESS FOUNDATION INC

Form 990 for tax year 2023

Filed by DECENTRALIZED WIRELESS FOUNDATION INC.

Totals

Total revenue
$14,409,728
Total expenses
$9,403,267
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,786,123
Investment income
$623,605
Other revenue
$0
Total assets, end of year
$19,370,927
Total liabilities, end of year
$2,110,169
Net assets or fund balances, end of year
$17,260,758
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: SOLANA MIGRATION

    total $10,687,500 · related or exempt $10,687,500

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $3,000,095 · related or exempt $3,000,095

  • 2c · Program service revenue: ISSUANCE INCOME

    total $77,528 · related or exempt $77,528

  • 2d · Program service revenue: HARDWARE AUDIT

    total $21,000 · related or exempt $21,000

  • 3 · Investment income

    total $535,343 · excluded $535,343

  • 7a · Gross sales of assets other than inventory

    securities $88,262

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

    securities $0

  • 7c · Gain or loss

    securities $88,262

  • 7d · Net gain or loss

    total $88,262 · excluded $88,262

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $630,893

  • 11c · Fees: accounting

    total $40,954

  • 11g · Fees: other

    total $7,858,570

  • 13 · Office expenses

    total $26,098

  • 14 · Information technology

    total $583,195

  • 17 · Travel

    total $183,708

  • 19 · Conferences, conventions and meetings

    total $1,835

  • 22 · Depreciation, depletion and amortization

    total $31,611

  • 24a · Other expenses: MEMBERSHIP & DUES

    total $42,077

  • 24b · Other expenses: MEMBER ISSUANCE EXPENSE

    total $4,151

  • 24c · Other expenses: TAX AND LICENSES

    total $175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,095,137 · end of year $6,015,241

  • 4 · Accounts receivable

    beginning of year $0 · end of year $11,311,699

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $1,174,412

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $135

  • 9 · Prepaid expenses and deferred charges

    beginning of year $975 · end of year $55,378

  • 14 · Intangible assets

    beginning of year $789,769 · end of year $754,680

  • 15 · Other assets

    beginning of year $66,787 · end of year $59,382

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,314 · end of year $208,169

  • 19 · Deferred revenue

    beginning of year $2,731,307 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $456,250 · end of year $1,902,000

  • 27 · Net assets without donor restrictions

    beginning of year $12,745,797 · end of year $17,260,758

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • Josh Kershner

    GENERAL COUNSEL & SECRETARY

    Total calculated
    $272,537
    From this org
    $272,537
    From related orgs
    $0
    Other
    $0
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $272,537
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $272,537

  • Jaime Wilkinson

    DIRECTOR

    Total calculated
    $55,551
    From this org
    $55,551
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Arman Dexfuki-Arjomandi

    DIRECTOR

    Total calculated
    $42,997
    From this org
    $42,997
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott Sigel

    CHIEF OPERATING OFFICER

    Total calculated
    $296,233
    From this org
    $296,233
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,233
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $296,233

  • Abhay Kumar

    CEO & BOARD CHAIR

    Total calculated
    $275,000
    From this org
    $275,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $275,000

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

The filer's explanations (Part III)

PART VII, LINE 5:
THE COO, CEO, AND BOARD MEMBERS ARE COMPENSATED BY VENTURE WORKFORCE SOLUTIONS, INC. THE ORGANIZATION IS A PROFESSIONAL EMPLOYEE ORGANIZATION.

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 $1,711 · share of assets $14,226,984 · controlled entity

    Directly controlled by DECENTRALIZED WIRELESS FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349321919

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