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Nonprofiteer
← SATOSHI ACTION EDUCATION

Form 990 for tax year 2023

Filed by SATOSHI ACTION EDUCATION.

Totals

Total revenue
$360,666
Total expenses
$289,717
Contributions and grants received
$293,489
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$67,177
Total assets, end of year
$53,572
Total liabilities, end of year
-$17,377
Net assets or fund balances, end of year
$70,949
Program services expenses (Part IX)
$119,128
Management and general expenses
$55,957
Fundraising expenses
$114,632
Program service expenses (Part III)
$119,128

Program services were 41.1% 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

    $293,489

  • 1g · Noncash contributions included above

    $25,355

  • 11a · Other revenue

    total $66,727 · related or exempt $66,727

  • 11b · Other revenue

    total $450 · related or exempt $450

  • 11e · Other revenue, total

    $67,177

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $62,500 · program services $45,833 · management and general $16,667

  • 10 · Payroll taxes

    total $5,759 · program services $4,134 · management and general $1,625

  • 11b · Fees: legal

    total $2,988 · management and general $2,988

  • 11c · Fees: accounting

    total $5,190 · management and general $5,190

  • 11g · Fees: other

    total $100,910 · program services $66,696 · management and general $29,487 · fundraising $4,727

  • 17 · Travel

    total $2,465 · program services $2,465

  • 19 · Conferences, conventions and meetings

    total $61,720 · fundraising $61,720

  • 24a · Other expenses: HOTEL

    total $28,185 · fundraising $28,185

  • 24b · Other expenses: EVENT SPONSORSHIP

    total $20,000 · fundraising $20,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $28,217

  • 12 · Investments: other securities

    end of year $25,355

  • 17 · Accounts payable and accrued expenses

    end of year -$17,377

  • 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 $70,949

Mission and programs · 2023

Mission

SATOSHI ACTION EDUCATION IS A GLOBAL NON-PROFIT 501(C)(3) DEDICATED TO RESEARCHING BITCOIN & THE PROOF-OF-WORK CONSENSUS MECHANISM. OUR ACADEMIC AND SCHOLARLY WORKS ARE INTENDED TO PROVIDE CREDIBLE, EVIDENCE-BAKED RESEARCH SO THE PUBLIC UNDERSTANDS THE TRUTH ABOUT THE POSITIVE IMPACTS OF BITCOIN AND BITCOIN MINING FOR OUR ECONOMY, ENVIRONMENT, GRID, AND SOCIETY AS A WHOLE.

  • EDUCATION - EDUCATING GLOBALLY ON PROOF-OF-WORK BITCOIN USING CREDIBLE, EVIDENCE-BACKED RESEARCH.RESEARCH & ADVOCACY - RESEARCHING, AND WRITING SCHOLARLY WORKS ON THE PROOF-OF-WORK CONSENSUS MECHANISM THAT SHOW THE POSITIVE IMPACTS OF BITCOIN MINING FOR OUR ECONOMY, ENVIRONMENT, GRID, AND SOCIETY AS A WHOLE.

    Expenses $119,128

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

Listed in Part VII

  • Joe Stefanelli

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Matthew Carson

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Justin Ballard

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • David Chase

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Dennis S Porter

    PRESIDENT

    Total calculated
    $26,667
    From this org
    $26,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Eric Peterson

    POLICY DIRECTOR

    Total calculated
    $23,333
    From this org
    $23,333
    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
202443209349302394

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