Democracy Earth Foundation
- Assets
- $52.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 37-1776296
Organization Overview
Democracy Earth Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2021, Democracy Earth Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democracy Earth Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Democracy Earth Foundation generated $70.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $14.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE ODEMOCRACY EARTH FOUNDATION HAS THE MISSION TO ADVANCE DEMOCRACY FOR THE INFORMATION AGE. IT RESEARCHES AND DEVELOPES FREE AND OPEN SOURCE SOFTWARE THAT CAN HELP DEPLOY DEMOCRACIES ANYWHERE THERE IS AN INTERNET CONNECTION USING CENSORSHIP RESISTANT NETWORKS. WE FOCUS ON ENABLING THE CREATION OF DISTRIBUTED AUTONOMOUS ORGANIZATIONS(DAOS) THAT CAN HELP DEPLOY GOVERNANCE ENTITIES USING BLOCKCHAIN BASED TECHNOLOGY THAT CAN OPERATE ONLINE AND APPLY NOVEL GAME THEORY TO IMPROVE SOCIAL COORDINATION.
Describe the Organization's Program Activity:
Part 3
PROOF OF HUMANITY: DEMOCRACY EARTH FOUNDATION IS A CO-FOUNDER OF THE PROOF OF HUMANITY PROJECT THAT BUILDS A DECENTRALIZED INDEX OF HUMAN IDENTITIES USING SMART CONTRACTS. SUBMITTERS HAVE TO CREATE AN ONLINE VIDEO OF THEMSELVES STATING THAT THEY CERTIFY THEY ARE REAL HUMANS AND ARENT REGISTERED IN THE SYSTEM. DURING A PERIOD OF 3 DAYS, PROFILES CAN BE CHALLENGED IF THEY DO NOT MEET THE REQUIRED CRITERIA AND GET SENT TO AN ARBITRATION SYSTEM THAT WILL ULTIMATELY DECIDE THE VALIDITY OF HUMAN IDENTITIES. PROOF OF HUMANITY ALLOWS ON THE ETHEREUM NETWORK TO SIGNAL A LIST OF HUMAN BEINGS WITHOUT DUPLICATES OR FAKE PROFILES. THIS CAN BE USED TO CREATE ONLINE VOTES AND ALL KINDS OF SOCIAL SYSTEMS BEING BUILT WITH SMART CONTRACT TECHNOLOGY.
UNIVERSAL BASIC INCOME (UBI):DEMOCRACY EARTH FOUNDATION WORKED ON THE DEVELOPMENT OF A UNIVERSAL BASIC INCOME SMART CONTRACT THAT WORKS AS A UTILITY THAT HELPS EVERY HUMAN REGISTERED VIA PROOF OF HUMANITY TO ACCRUE TOKENS OVER TIME. UBI WORKS AS AN ETHEREUM COMPATIBLE TOKEN AND CAN BE USED TO MAKE ALL KINDS OF BLOCKCHAIN-ENABLED TRANSACTIONS.
DEMOCRATIC DISTRIBUTED AUTONOMOUS ORGANIZATIONS (DAO):DEMOCRACY EARTH FOUNDATION BUILT THE FIRST DEMOCRATIC DAO ON ETHEREUM BY COMBINING PROOF OF HUMANITY AND VOTING SOLUTIONS LIKE SNAPSHOT THAT ALLOW PARTICIPANTS TO CAST VOTES. THANKS TO THE INTEGRATION WITH PROOF OF HUMANITY, THE SYSTEM IS VERY HARD TO GAME WITH FALSE IDENTITIES. THE PROOF OF HUMANITY DAOS ALSO IMPLEMENT LIQUID DEMOCRACY AND ALLOW FOR USERS TO DELEGATE THEIR VOTE TO OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Santiago Siri President | 10 | $0 | |
Pia Mancini Secretary | 1 | $0 | |
Herb Stephens Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,740 |
| Total Program Service Revenue | $63,278 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,018 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,316 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,617 |
| Total expenses | $14,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,405 |
| Other assets | $0 |
| Total assets | $52,215 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,215 |