Skip to content
Nonprofiteer
← SATOSHI ACTION FUND

Form 990 for tax year 2024

Filed by SATOSHI ACTION FUND.

Totals

Total revenue
$1,300,122
Total expenses
$998,471
Contributions and grants received
$1,224,828
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$75,294
Total assets, end of year
$463,960
Total liabilities, end of year
$70,112
Net assets or fund balances, end of year
$393,848
Program services expenses (Part IX)
$711,385
Management and general expenses
$237,095
Fundraising expenses
$49,991
Program service expenses (Part III)
$711,385

Program services were 71.2% 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

    $1,224,828

  • 1g · Noncash contributions included above

    $286,138

  • 11a · Other revenue

    total $57,294 · related or exempt $57,294

  • 11b · Other revenue

    total $18,000 · related or exempt $18,000

  • 11e · Other revenue, total

    $75,294

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $196,631 · program services $107,231 · management and general $89,400

  • 10 · Payroll taxes

    total $17,676 · program services $9,195 · management and general $8,481

  • 11b · Fees: legal

    total $25,550 · management and general $25,550

  • 11c · Fees: accounting

    total $17,110 · management and general $17,110

  • 11d · Fees: lobbying

    total $197,029 · program services $197,029

  • 11e · Fees: professional fundraising services

    total $656 · fundraising $656

  • 11g · Fees: other

    total $152,175 · program services $81,774 · management and general $55,429 · fundraising $14,972

  • 12 · Advertising and promotion

    total $1,950 · fundraising $1,950

  • 13 · Office expenses

    total $1,869 · program services $22 · management and general $1,811 · fundraising $36

  • 14 · Information technology

    total $15,333 · program services $2,444 · management and general $1,421 · fundraising $11,468

  • 17 · Travel

    total $112,662 · program services $112,072 · management and general -$1,264 · fundraising $1,854

  • 23 · Insurance

    total $33 · management and general $33

  • 24a · Other expenses: EVENT SPONSORSHIP

    total $60,000 · program services $60,000

  • 24b · Other expenses: HOTEL

    total $39,630 · program services $39,085 · fundraising $545

  • 24c · Other expenses: REVENUE SHARE EXPENSE

    total $38,398 · program services $28,149 · fundraising $10,249

  • 24d · Other expenses: EVENT EXPENSE

    total $31,026 · program services $30,866 · management and general $160

  • 24e · All other expenses

    total $90,743 · program services $43,518 · management and general $38,964 · fundraising $8,261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,113 · end of year $101,783

  • 4 · Accounts receivable

    end of year $25,000

  • 9 · Prepaid expenses and deferred charges

    end of year $20,753

  • 12 · Investments: other securities

    beginning of year $30,921 · end of year $316,424

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,837 · end of year $70,112

  • 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 -$148,632 · end of year $301,651

Mission and programs · 2024

Mission

SATOSHI ACTION IS DEDICATED TO THE BELIEF THAT BITCOIN AND BITCOIN MINING SERVE AS A TOOL FOR CONTINUED HUMAN PROGRESS AND WORKS TO CULTIVATE A PRO-INNOVATION AND PRO-CONSUMER REGULATORY ENVIRONMENT FOR THE TECHNOLOGY.

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

    Expenses $711,385

As filed on the 2024 return.

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
    $75,128
    From this org
    $75,128
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Eric Peterson

    POLICY DIRECTOR

    Total calculated
    $69,667
    From this org
    $69,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tom McCarthy

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $51,836
    From this org
    $51,836
    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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543219349311724

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.