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Nonprofiteer
← Cedar Innovation Foundation Inc

Form 990 for tax year 2024

Filed by Cedar Innovation Foundation Inc.

Totals

Total revenue
$5,038,913
Total expenses
$3,767,478
Contributions and grants received
$5,038,913
Grants paid
$227,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,507,373
Total liabilities, end of year
$143,964
Net assets or fund balances, end of year
$7,363,409
Program services expenses (Part IX)
$3,758,196
Management and general expenses
$9,282
Fundraising expenses
$0
Program service expenses (Part III)
$3,758,196

Program services were 99.8% 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

    $5,038,913

  • 1g · Noncash contributions included above

    $947,263

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $227,000 · program services $227,000

  • 5 · Compensation of officers, directors and key employees

    total $158,500 · program services $158,500

  • 7 · Other salaries and wages

    total $141,923 · program services $141,923

  • 9 · Other employee benefits

    total $738 · program services $738

  • 10 · Payroll taxes

    total $12,019 · program services $12,019

  • 11b · Fees: legal

    total $45,240 · program services $45,240

  • 11c · Fees: accounting

    total $11,000 · program services $11,000

  • 11g · Fees: other

    total $18,333 · program services $18,333

  • 12 · Advertising and promotion

    total $832,746 · program services $832,746

  • 13 · Office expenses

    total $8,381 · management and general $8,381

  • 14 · Information technology

    total $6,037 · program services $6,037

  • 17 · Travel

    total $49,808 · program services $49,808

  • 19 · Conferences, conventions and meetings

    total $56,713 · program services $56,713

  • 22 · Depreciation, depletion and amortization

    total $18,333 · program services $18,333

  • 24a · Other expenses: Consulting

    total $2,160,101 · program services $2,160,101

  • 24b · Other expenses: Reimbursements

    total $17,161 · program services $17,161

  • 24c · Other expenses: Meals and Entertainment

    total $2,544 · program services $2,544

  • 24d · Other expenses: Bank Fees

    total $901 · management and general $901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,649,076 · end of year $6,084,434

  • 10a · Land, buildings and equipment: cost or other basis

    $25,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,333

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $6,667

  • 12 · Investments: other securities

    beginning of year $0 · end of year $1,416,272

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,110 · end of year $143,964

  • 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 $5,622,966 · end of year $7,363,409

Mission and programs · 2024

Mission

The Cedar Innovation Foundation provides key stakeholders with top-tier, fact-based information, research, and educational materials on blockchain innovation. We empower policymakers, regulators, the media, and the public with essential facts they need to understand how crypto is a force for good for the American people and the world.

Activities or mission (Part I)

See Schedule O

  • Cedar Innovation Foundation meets and communicates with congressional staff and other policymakers about blockchain innovation in America.

    Expenses $3,758,196 · Grants $227,000 · Revenue $5,038,913

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chase Goodwin

    President and Director

    Total calculated
    $28,000
    From this org
    $28,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Tyler Whirty

    Director

    Total calculated
    $102,500
    From this org
    $102,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Declan Hahn

    Director

    Total calculated
    $28,000
    From this org
    $28,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349323163

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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