Enterprise Ethereum Alliance Inc
- Assets
- $1.1m
- Revenue
- $950.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Wakefield, MA
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-0899068
Organization Overview
Enterprise Ethereum Alliance Inc is located in Wakefield, MA. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Ethereum Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Enterprise Ethereum Alliance Inc generated $950.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENABLE ORGANIZATIONS TO ADOPT AND USE ETHEREUM TECHNOLOGY IN THEIR DAY-TO-DAY BUSINESS OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EEA IS A MEMBER-LED INDUSTRY ORGANIZATION WHOSE OBJECTIVE IS TO DRIVE THE USE OF ETHEREUM BLOCKCHAIN TECHNOLOGY AS AN OPEN-STANDARD TO EMPOWER ALL ENTERPRISES. OUR MEMBERS ARE THOUGHT LEADERS FROM AROUND THE GLOBE WITH A SHARED VISION TO CREATE ENTERPRISE-READY SOLUTIONS.EEA WORKING GROUPS (WGS) COLLABORATE TO DEVELOP OPEN, STANDARDS-BASED SPECIFICATIONS TO ACCELERATE THE ACCEPTANCE AND DEPLOYMENT OF ETHEREUM BLOCKCHAIN SOLUTIONS WITHIN THE GLOBAL MARKETPLACE. THESE GROUPS ENSURE THAT DELIVERABLES DEVELOPED BY THE EEA AND THE SPECIFIC INDUSTRY REQUIREMENTS DEVELOPED BY THE EEA INTEREST GROUPS (IGS) ARE PREPARED PROPERLY FOR INCLUSION IN SPECIFICATION DEVELOPMENT. WGS ALSO MAY DETERMINE HOW TO USE EXISTING STANDARDS TO RESOLVE PROBLEMS, PROVIDE SUPPORT TO HELP EEA MEMBERS UNDERSTAND WHAT THEY NEED, AND PROVIDE A CONTACT POINT FOR THE BROADER COMMUNITY TO MAKE REQUESTS OR ASK QUESTIONS.IGS ARE VERTICAL, INDUSTRY-CENTRIC GROUPS WHERE EEA MEMBERS IN A SPECIFIC INDUSTRY SEGMENT EXCHANGE INFORMATION, SHARE USE CASES, AND WORK TOGETHER TO ENSURE THAT THE EEA ENTERPRISE ETHEREUM TECHNICAL SPECIFICATION SUPPORTS THEIR SPECIFIC INDUSTRY MARKET REQUIREMENTS. TO FOSTER INFORMATION EXCHANGE AND COLLABORATION, IGS HOST PHONE CALLS, WEBINARS, AND IN-PERSON MEETINGS THAT OFTEN FEATURE SPEAKERS AND INDUSTRY PRESENTATIONS ON IMPORTANT BLOCKCHAIN CONCEPTS AND TECHNICAL INNOVATIONS.THE EEA ALSO SUPPORTS COMMUNITY PROJECTS MANAGED UNDER THE OASIS OPEN PROCESS TO PROVIDE SUPPORT FOR OPEN SOURCE DEVELOPMENT OF CODE, APIS, STANDARDS, AND REFERENCE IMPLEMENTATIONS. OTHER PROGRAMMING INCLUDES EDUCATIONAL INITIATIVES INCLUDING WEBINARS, PRIMER DEVELOPMENT, BLOG POSTS, AND RESEARCH EFFORTS. THE EEA ALSO SUPPORTS NETWORKING AND PROFESSIONAL DEVELOPMENT THROUGH ONLINE AND IN-PERSON EVENTS. THE COMMUNICATIONS PROGRAMS OF THE EEA INCLUDE ETHEREUM EVANGELISM EFFORTS TO PROMOTE THE USE OF ETHEREUM TO BUSINESSES AND PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Burnett Executive Director | Officer | 40 | $215,000 |
John Whelan Board Chair | OfficerTrustee | 2.5 | $0 |
David Treat Vice Chair | OfficerTrustee | 2.5 | $0 |
Yorke Rhodes Treasurer | OfficerTrustee | 2.5 | $0 |
Samer Falah Board Member (until 2/2022) | Trustee | 2.5 | $0 |
Jeremy Millar Board Member | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virtualinc Professional Services | 12/30/19 | $658,758 |
Sd Law Group Apc Professional Services | 12/30/19 | $120,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $950,313 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,990 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $551,281 |
| Fees for services: Legal | $22,169 |
| Fees for services: Accounting | $2,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,859 |
| Information technology | $30,293 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,333 |
| Insurance | $3,734 |
| All other expenses | $8,100 |
| Total functional expenses | $1,125,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $885,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,000 |
| 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 | $11,805 |
| Net Land, buildings, and equipment | $4,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,200 |
| Total assets | $1,078,559 |
| Accounts payable and accrued expenses | $115,613 |
| Grants payable | $0 |
| Deferred revenue | $557,583 |
| 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 | $673,196 |
| Net assets without donor restrictions | $405,363 |
| Net assets with donor restrictions | $0 |
| 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 | $1,078,559 |
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