Totals
- Total revenue
- $256,857
- Total expenses
- $4,609,235
- Contributions and grants received
- $250,000
- Grants paid
- $1,305,561
- Program service revenue
- $0
- Investment income
- $3,413
- Other revenue
- $3,444
- Total assets, end of year
- $75,537,366
- Total liabilities, end of year
- $287,931
- Net assets or fund balances, end of year
- $75,249,435
- Program services expenses (Part IX)
- $3,496,936
- Management and general expenses
- $998,524
- Fundraising expenses
- $113,775
- Program service expenses (Part III)
- $3,496,936
Program services were 75.9% 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
$250,000
-
3 · Investment income
total $851,424 · excluded $851,424
-
7a · Gross sales of assets other than inventory
securities $89,572,167
-
7b · Less cost or other basis and sales expenses
securities $90,420,178
-
7c · Gain or loss
securities -$848,011
-
7d · Net gain or loss
total -$848,011 · excluded -$848,011
-
11a · Other revenue: MISCELLANEOUS
total $4,092 · excluded $4,092
-
11b · Other revenue: FOREIGN CURRENCY GAIN/LOSS
total -$648 · excluded -$648
-
11e · Other revenue, total
$3,444
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $357,020 · program services $357,020
-
2 · Grants to domestic individuals
total $209,382 · program services $209,382
-
3 · Grants to foreign organizations and individuals
total $739,159 · program services $739,159
-
5 · Compensation of officers, directors and key employees
total $904,517 · program services $536,738 · management and general $322,754 · fundraising $45,025
-
7 · Other salaries and wages
total $366,286 · program services $280,582 · management and general $72,999 · fundraising $12,705
-
9 · Other employee benefits
total $150,779 · program services $108,370 · management and general $36,418 · fundraising $5,991
-
10 · Payroll taxes
total $46,663 · program services $30,385 · management and general $14,186 · fundraising $2,092
-
11b · Fees: legal
total $198,804 · program services $177,992 · management and general $20,812
-
11c · Fees: accounting
total $181,934 · management and general $181,934
-
11f · Fees: investment management
total $256,798 · management and general $256,798
-
11g · Fees: other
total $391,917 · program services $345,884 · management and general $10,033 · fundraising $36,000
-
12 · Advertising and promotion
total $155,508 · program services $155,508
-
13 · Office expenses
total $21,038 · program services $13,023 · management and general $7,119 · fundraising $896
-
14 · Information technology
total $52,329 · program services $34,075 · management and general $15,908 · fundraising $2,346
-
17 · Travel
total $167,168 · program services $108,855 · management and general $50,820 · fundraising $7,493
-
19 · Conferences, conventions and meetings
total $382,555 · program services $382,136 · management and general $419
-
22 · Depreciation, depletion and amortization
total $9,130 · program services $5,945 · management and general $2,776 · fundraising $409
-
23 · Insurance
total $18,248 · program services $11,882 · management and general $5,548 · fundraising $818
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,946,466 · end of year $84,768
-
2 · Savings and temporary cash investments
beginning of year $75,450,126 · end of year $2,151,802
-
4 · Accounts receivable
beginning of year $0 · end of year $75,000
-
9 · Prepaid expenses and deferred charges
beginning of year $6,599 · end of year $18,447
-
10a · Land, buildings and equipment: cost or other basis
$25,586
-
10b · Land, buildings and equipment: accumulated depreciation
$9,577
-
10c · Land, buildings and equipment, net
beginning of year $13,155 · end of year $16,009
-
11 · Investments: publicly traded securities
end of year $65,925,584
-
12 · Investments: other securities
beginning of year $24,170,773 · end of year $7,228,650
-
15 · Other assets
beginning of year $16,217 · end of year $37,106
-
17 · Accounts payable and accrued expenses
beginning of year $115,580 · end of year $287,931
-
18 · Grants payable
beginning of year $1,860,334 · end of year $0
-
19 · Deferred revenue
beginning of year $250,000 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $93,999,115 · end of year $75,249,435
-
28 · Net assets with donor restrictions
beginning of year $6,378,307 · end of year $0
Mission and programs · 2022
Mission
THE INTERLEDGER FOUNDATION IS A NONPROFIT ADVOCATE FOR THE WEB, PROMOTING INNOVATION, CREATIVITY, AND INCLUSION BY ADVANCING OPEN PAYMENT STANDARDS AND TECHNOLOGIES THAT SEAMLESSLY CONNECT OUR GLOBAL SOCIETY.
-
INTERLEDGER WORKS TO BROADEN THE DIVERSITY OF VOICES IN THE TECH ECOSYSTEM BY USING THE INTERLEDGER PROTOCOL (ILP) TO POWER A CURRENCY-AGNOSTIC PAYMENTS NETWORK AS A DRIVER FOR DIGITAL FINANCIAL INCLUSION. INTERLEDGER HAD THE FOLLOWING ACCOMPLISHMENTS IN 2022: IN OUR GRANT-MAKING, WE FUNDED 56 PROJECTS IN 24 COUNTRIES WHILE EXPANDING THE PROGRAM AREAS WE FUND. WE HELD A GLOBAL INTERLEDGER SUMMIT THAT BROUGHT TOGETHER DEVELOPERS, ACTIVISTS, AND ENTREPRENEURS TO BUILD ON THE MOMENTUM OF THE FOUNDATION. IN ADDITION, WE LED THE COMMUNITY, ECOSYSTEM, AND PARTNERS TOWARDS ADVANCING THE FUNCTIONALITY OF THE INTERLEDGER PROTOCOL. WE'VE DEVELOPED NEW SERVICES, TOOLS, AND RESOURCES FOR THE STANDARDS WE STEWARD: OPEN PAYMENTS AND WEB MONETIZATION.
Expenses $3,496,936 · Grants $1,305,561
As filed on the 2022 return.
Listed in Part VII
-
Stefan ThomasSTEFAN THOMAS
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 5
-
Evan SchwartzEVAN SCHWARTZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Maha BahouMAHA BAHOU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris LarsenCHRIS LARSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Konstantin PericKONSTANTIN PERIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Briana MarburyBRIANA MARBURY
PRESIDENT & CEO
- Total calculated
- $352,616
- From this org
- $325,000
- From related orgs
- $0
- Other
- $27,616
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $325,000
- Bonus
- $0
- Other
- $0
- Deferred
- $15,250
- Nontaxable benefits
- $12,366
- Filer's total
- $352,616
-
Gary MorrisGARY MORRIS
TREASURER AND SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Erika DrushkaERIKA DRUSHKA
HEAD OF OPERATIONS
- Total calculated
- $195,260
- From this org
- $173,021
- From related orgs
- $0
- Other
- $22,239
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,021
- Bonus
- $0
- Other
- $0
- Deferred
- $17,037
- Nontaxable benefits
- $5,202
- Filer's total
- $195,260
-
Chris LawrenceCHRIS LAWRENCE
HEAD OF PROGRAMS
- Total calculated
- $177,050
- From this org
- $167,500
- From related orgs
- $0
- Other
- $9,550
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,500
- Bonus
- $0
- Other
- $0
- Deferred
- $8,500
- Nontaxable benefits
- $1,050
- Filer's total
- $177,050
-
Alex LakatosALEX LAKATOS
CTO
- Total calculated
- $179,592
- From this org
- $169,694
- From related orgs
- $0
- Other
- $9,898
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,694
- Bonus
- $0
- Other
- $0
- Deferred
- $8,233
- Nontaxable benefits
- $1,665
- Filer's total
- $179,592
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
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 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
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- PER POLICY, BUSINESS CLASS TRAVEL IS PROVIDED TO OFFICERS ON FLIGHTS OVER 5 HOURS. PAYMENTS ARE MADE VIA INTERLEDGER FOUNDATION'S CARD WITH SUPPORTING RECEIPTS.
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
-
MY WALLET GURU LLC
$75,000
GRANTS FOR INNOVATION IN OPEN PAYMENTS
-
DIVAO LLC
$75,000
GRANTS FOR INNOVATION IN OPEN PAYMENTS
-
GHOST IN THE MACHINE DBA SNAKE NATION
$75,000
GRANTS FOR INNOVATION IN OPEN PAYMENTS
-
$40,000
GRANTS FOR INNOVATION IN OPEN PAYMENTS
-
BLACK WEB FESTIVAL INC
$38,520
GRANTS FOR INNOVATION IN OPEN PAYMENTS
-
GRANTS FOR INNOVATION IN OPEN PAYMENTS
-
METASEBIA YOSEPH
$20,000
GRANTS FOR INNOVATION IN OPEN PAYMENTS
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.
-
RIPPLE LUXEMBOURG SA
LU · 100% owned · share of assets $471,000
Directly controlled by INTERLEDGER FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343049349300624
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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