Form 990 for tax year 2022
Filed by DECENTRALIZED WIRELESS FOUNDATION INC.
Totals
- Total revenue
- $18,547,275
- Total expenses
- $5,194,054
- Contributions and grants received
- $15,268,096
- Grants paid
- $0
- Program service revenue
- $3,226,550
- Investment income
- $52,629
- Other revenue
- $0
- Total assets, end of year
- $15,952,668
- Total liabilities, end of year
- $3,206,871
- Net assets or fund balances, end of year
- $12,745,797
- 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.
-
1f · All other contributions, gifts and grants
$15,268,096
-
1g · Noncash contributions included above
$4,240,160
-
2a · Program service revenue: MEMBERSHIP DUES
total $3,033,287 · related or exempt $3,033,287
-
2b · Program service revenue: HARDWARE AUDIT
total $193,263 · related or exempt $193,263
-
3 · Investment income
total $52,629 · excluded $52,629
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $446,222
-
11c · Fees: accounting
total $65,414
-
11g · Fees: other
total $4,218,191
-
13 · Office expenses
total $9,560
-
14 · Information technology
total $180,671
-
16 · Occupancy
total $16,638
-
17 · Travel
total $103,073
-
20 · Interest
total $89,753
-
22 · Depreciation, depletion and amortization
total $13,980
-
24a · Other expenses: OTHER EXPENSES
total $29,852
-
24b · Other expenses: MEMBERSHIP & DUES
total $20,700
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,147,023 · end of year $15,095,137
-
9 · Prepaid expenses and deferred charges
beginning of year $46,938 · end of year $975
-
14 · Intangible assets
end of year $789,769
-
15 · Other assets
beginning of year $0 · end of year $66,787
-
17 · Accounts payable and accrued expenses
beginning of year $15,972 · end of year $19,314
-
19 · Deferred revenue
beginning of year $33,287 · end of year $2,731,307
-
24 · Unsecured notes and loans payable
beginning of year $1,000,000 · end of year $456,250
-
25 · Other liabilities
beginning of year $24,536 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $120,166 · end of year $12,745,797
Mission and programs · 2022
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 2022 return.
Listed in Part VII
-
Scott SigelSCOTT SIGEL
CHIEF OPERATING OFFICER
- Total calculated
- $345,167
- From this org
- $345,167
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $345,167
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $345,167
-
Abhay KumarABHAY KUMAR
CEO & BOARD CHAIR
- Total calculated
- $46,591
- From this org
- $46,591
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Tushar JainTUSHAR JAIN
PRESIDENT (THRU 12/22)
- Total calculated
- $0
- Hours/week
- 2
-
Jaime WilkinsonJAIME WILKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris BruceCHRIS BRUCE
DIRECTOR (THRU 09/22)
- Total calculated
- $0
- Hours/week
- 1
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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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 AND CEO 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 · controlled entity
Directly controlled by DECENTRALIZED WIRELESS FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349328717
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