Zcash Foundation
- Assets
- $21.8m
- Revenue
- $13.0m
- Investments
- $14.7m
- Employees
- 8
- Location
- McLean, VA
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-0707962
Organization Overview
Zcash Foundation is located in McLean, VA. The organization was established in 2017. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2022, Zcash Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zcash 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 12/2022, Zcash Foundation generated $13.0m in total revenue. All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 86.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Zcash Foundation has awarded 19 individual grants totaling $2,435,241. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ZCASH FOUNDATION BUILDS FINANCIAL PRIVACY INFRASTRUCTURE FOR THE PUBLIC GOOD, PRIMARILY SERVING USERS OF THE ZCASH PROTOCOL AND BLOCKCHAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZCASH COMMUNITY GRANTS (ZCG, FORMERLY ZCASH OPEN MAJOR GRANTS, ZOMG) IS A TECHNOLOGY ADVISORY BOARD THAT CONSTITUTES A COMMITTEE OF THE ZCASH FOUNDATION, UNDER ITS BYLAWS. GRANTS ARE CHOSEN BY A COMMITTEE OF FIVE MEMBERS WHO ARE CHOSEN BY THE ZCASH COMMUNITY ADVISORY PANEL (ZCAP) IN AN OPEN ELECTION. FUNDING FOR ZOMG'S ACTIVITIES IS PROVIDED VIA THE DEV FUND SPECIFIED IN ZIP 1014.
SCIENCE: TECHNICAL DECISIONS ARE BEST SUPPORTED BY SCIENTIFIC ACTIVITIES, SUCH AS RIGOROUS VALIDATION, EMPIRICAL MEASUREMENT, AND CONTINUED INNOVATION AND REFINEMENT. WE WILL THEREFORE SUPPORT THESE ACTIVITIES WITHIN OUR COMMUNITY. ALL CRYPTOCURRENCIES, BUT ESPECIALLY ZCASH, RELY ON CUTTING-EDGE CONTRIBUTIONS FROM THE SCIENTIFIC RESEARCH COMMUNITY, THUS INTERACTION WITH THIS COMMUNITY CAN ALSO HELP THE COMMUNITY STAY HEALTHY. WE WILL ENCOURAGE THIS SCIENTIFIC RESEARCH AND EDUCATE THE PUBLIC REGARDING THE SUBSTANCE AND BENEFITS OF THESE SCIENTIFIC DEVELOPMENTS.
PROTOCOL AND GOVERNANCE: THE ZCASH PROTOCOL AND THE OPEN NETWORK IT POWERS IS A VALUABLE, PRIVACY-PROTECTING INTERNET INFRASTRUCTURE, DEVELOPED AND MAINTAINED BY AN OPEN AND DIVERSE COMMUNITY OF EXPERTS AND ENTHUSIASTS. IT IS A TOOL FOR FINANCIAL PRIVACY THAT SHOULD ALWAYS BE FREELY AVAILABLE TO THE GENERAL PUBLIC. THE ZCASH FOUNDATION ACTS AS A STEWARD OF THE ZCASH PROTOCOL, SUPPORTING ITS CONTINUED MAINTENANCE AND IMPROVEMENT.
COMMUNITY: THE ZCASH FOUNDATION SUPPORTS THE EXPANSION OF ZCASH INTO A LARGE AND HEALTHY COMMUNITY WITH DIVERSE STAKEHOLDERS, HELD ACCOUNTABLE TO OUR USER-BASE IN THE BROADEST SENSE. OUR GOAL IS CREATING TOOLS THAT HELP SUSTAIN OPEN NETWORKS, WHICH ENABLE INDIVIDUALS TO PROTECT THEIR PRIVACY ON THEIR OWN TERMS. PRIVACY COMPRISES BOTH AUTONOMY AND CONSENT, WHICH ARE ESSENTIAL TO HUMAN DIGNITY AND THE HEALTHY CONTINUATION OF CIVIL SOCIETY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Miller Chairman/treasurer | OfficerTrustee | 0.5 | $0 |
Peter Van Valkenburgh Director | Trustee | 0.5 | $0 |
Matthew Green Director | Trustee | 0.5 | $0 |
Amber Baldet Director | Trustee | 0.5 | $0 |
Ian Miers Director | Trustee | 0.5 | $0 |
Jw Verret Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jack Gavigan Software Development | 12/30/22 | $256,642 |
Cpl Gouvea Tlda Software Development | 12/30/22 | $217,333 |
Livingston Llc Software Development | 12/30/22 | $182,144 |
T Software Pty Ltd Software Development | 12/30/22 | $185,823 |
Jorge Alfredo Garcia Etchart Software Development | 12/30/22 | $138,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,939,418 |
| Noncash contributions included in lines 1a–1f | $14,928,720 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,939,418 |
| Total Program Service Revenue | $20,979 |
| Investment income | $4,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,992,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,972,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,146,641 |
| Grants and other assistance to domestic individuals. | $242,920 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,699,759 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $477,805 |
| Compensation of current officers, directors, key employees. | $78,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,726 |
| Payroll taxes | $54,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $138,315 |
| Fees for services: Accounting | $45,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,754,475 |
| Advertising and promotion | $19,008 |
| Office expenses | $147,149 |
| Information technology | $33,305 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $81,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $497,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,102 |
| All other expenses | $0 |
| Total functional expenses | $7,098,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,042,176 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,286 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,734,157 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,828,619 |
| Accounts payable and accrued expenses | $215,254 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $215,254 |
| Net assets without donor restrictions | $6,705,376 |
| Net assets with donor restrictions | $14,907,989 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,828,619 |
Grants Awarded
Over the last fiscal year, Zcash Foundation has awarded $1,115,528 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE TOR PROJECT INC PURPOSE: Research and Development | $316,404 |
ALPHEGA SOLUTIONS LLC PURPOSE: Research and Development | $40,000 |
37 LAINES PURPOSE: Education | $412,787 |
2Z INC PURPOSE: Research and Development | $125,037 |
VERGARA TECHNOLOGIES LLC PURPOSE: Research and Development | $43,800 |
GACE INC PURPOSE: Education | $100,000 |