Totals
- Total revenue
- $260,535,815
- Total expenses
- $197,837,814
- Contributions and grants received
- $37,301,895
- Grants paid
- $31,290,059
- Program service revenue
- $1,467,000
- Investment income
- $221,755,149
- Other revenue
- $11,771
- Total assets, end of year
- $64,885,525
- Total liabilities, end of year
- $2,156,342
- Net assets or fund balances, end of year
- $62,729,183
- Program services expenses (Part IX)
- $182,575,653
- Management and general expenses
- $9,238,010
- Fundraising expenses
- $6,024,151
- Program service expenses (Part III)
- $182,575,653
Program services were 92.3% 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
$37,301,895
-
2a · Program service revenue: Management Consulting
total $1,467,000 · unrelated business $1,467,000
-
3 · Investment income
total $14,299,266 · related or exempt $14,299,266
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $211,603,470
-
7b · Less cost or other basis and sales expenses
other assets $4,147,587
-
7c · Gain or loss
other assets $207,455,883
-
7d · Net gain or loss
total $207,455,883 · related or exempt $207,455,883
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Misc Other Income
total $11,771 · related or exempt $11,771
-
11e · Other revenue, total
$11,771
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,013,524 · program services $7,013,524
-
2 · Grants to domestic individuals
total $34,475 · program services $34,475
-
3 · Grants to foreign organizations and individuals
total $24,242,060 · program services $24,242,060
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,991,609 · program services $153,200 · management and general $1,225,606 · fundraising $612,803
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,905,668 · program services $223,513 · management and general $1,788,104 · fundraising $894,051
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $240,039 · program services $17,512 · management and general $152,478 · fundraising $70,049
-
10 · Payroll taxes
total $314,110 · program services $24,162 · management and general $193,299 · fundraising $96,649
-
11a · Fees: management
total $2,057,895 · management and general $2,057,895
-
11b · Fees: legal
total $789,049 · management and general $789,049
-
11c · Fees: accounting
total $115,766 · management and general $115,766
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $405,641 · management and general $405,641
-
11g · Fees: other
total $3,419,266 · program services $2,812,144 · management and general $21,227 · fundraising $585,895
-
12 · Advertising and promotion
total $150,786,861 · program services $148,041,164 · fundraising $2,745,697
-
13 · Office expenses
total $79,739 · management and general $79,739
-
14 · Information technology
total $1,008,285 · management and general $1,008,285
-
15 · Royalties
total $0
-
16 · Occupancy
total $411,282 · management and general $411,282
-
17 · Travel
total $744,362 · management and general $372,181 · fundraising $372,181
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $642,363 · management and general $1,996 · fundraising $640,367
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $11,534 · program services $11,534
-
23 · Insurance
total $361,650 · program services $1,615 · management and general $353,576 · fundraising $6,459
-
24a · Other expenses: Dues and Subscriptions
total $219,485 · management and general $219,485
-
24b · Other expenses: Miscellaneous
total $43,151 · program services $750 · management and general $42,401
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,013,138 · end of year $22,626,374
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $1,000,000
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $732,448
-
10a · Land, buildings and equipment: cost or other basis
$70,624
-
10b · Land, buildings and equipment: accumulated depreciation
$11,534
-
10c · Land, buildings and equipment, net
end of year $59,090
-
11 · Investments: publicly traded securities
beginning of year $12,018,044 · end of year $25,857,634
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $14,609,979
-
17 · Accounts payable and accrued expenses
end of year $2,107,208
-
19 · Deferred revenue
beginning of year $17,000,000 · end of year $21,322
-
25 · Other liabilities
end of year $27,812
-
31 · Retained earnings, endowment or other funds
beginning of year $31,182 · end of year $62,729,183
Mission and programs · 2024
Mission
The Aleo Foundation is devoted to educating the public on the potential of applied cryptography and specifically zero-knowledge proofs in the context of decentralized technologies like the internet. Its mission is to encourage an educational sandbox in which to explore this new, but important design space, and to inspire and educate a diverse generation of developers and aspiring developers to explore the promise and potential of these technologies for promoting the public good. It will do this by: promoting awareness of open-source toolkits that leverage this technology encouraging related training fostering an open-source ecosystem of related technologies and funding grants that help promote or leverage this technology.
-
Promoting awareness of open-source toolkits that leverage this technology encouraging related training fostering an open-source ecosystem of related technologies and funding grants that help promote or leverage this technology. Launched a blockchain network during the period to further the mission of open-source development.
Expenses $182,575,653 · Grants $31,290,058 · Revenue $51,612,931
As filed on the 2024 return.
Listed in Part VII
-
Sina Kian
Chief Legal Officer
- Total calculated
- $552,616
- From this org
- $552,400
- From related orgs
- $0
- Other
- $216
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $350,000
- Bonus
- $200,000
- Other
- $2,400
- Deferred
- not reported
- Nontaxable benefits
- $216
- Filer's total
- $552,616
-
Dylan Harada
Executive Dir.
- Total calculated
- $336,224
- From this org
- $325,600
- From related orgs
- $0
- Other
- $10,624
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $300,000
- Bonus
- $25,000
- Other
- $600
- Deferred
- not reported
- Nontaxable benefits
- $10,624
- Filer's total
- $336,224
-
Alex Pruden
Executive Dir.
- Total calculated
- $321,684
- From this org
- $321,467
- From related orgs
- $0
- Other
- $217
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $316,667
- Bonus
- not reported
- Other
- $4,800
- Deferred
- not reported
- Nontaxable benefits
- $217
- Filer's total
- $321,684
-
Leena Im
VP of Policy
- Total calculated
- $280,041
- From this org
- $279,800
- From related orgs
- $0
- Other
- $241
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $25,000
- Other
- $4,800
- Deferred
- not reported
- Nontaxable benefits
- $241
- Filer's total
- $280,041
-
Kari Zeni
Deputy General Counsel
- Total calculated
- $276,035
- From this org
- $275,000
- From related orgs
- $0
- Other
- $1,035
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $25,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $1,035
- Filer's total
- $276,035
-
Liron Tenzer
VP Finance and Accounting
- Total calculated
- $225,009
- From this org
- $224,800
- From related orgs
- $0
- Other
- $209
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $195,000
- Bonus
- $25,000
- Other
- $4,800
- Deferred
- not reported
- Nontaxable benefits
- $209
- Filer's total
- $225,009
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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7: Non-Fixed payments not listed above
- Organization paid spot bonuses to certain members of the executive team based on individual performance. These payments were approved by the executive director.
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
-
Aethos
$0
Network Development
-
Coinbase Inc
$0
Network Development
-
Medici Collective Co
$0
Network Development
-
Supranational
$0
Network Development
-
Venture 23 Inc
$0
Network Development
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532029349301008
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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