Internet Society Foundation
- Assets
- $123.4m
- Revenue
- $32.0m
- Investments
- $29.3m
- Employees
- 8
- Location
- Reston, VA
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-3285688
Organization Overview
Internet Society Foundation is located in Reston, VA. The organization was established in 2018. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Internet Society Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Internet Society 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, Internet Society Foundation generated $32.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $8.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Internet Society Foundation has awarded 33 individual grants totaling $26,398,437. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNET SOCIETY FOUNDATION EXISTS TO DEMONSTRATE AND SUPPORT THE POSITIVE DIFFERENCE THE INTERNET CAN MAKE TO PEOPLE EVERYWHERE. (CONTINUED IN SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESILIENCY & EMERGENCY RESPONSE: THE RESILIENCY AND RESPONDING TO EMERGENCIES (RARE) GRANT PROGRAM ACCELERATES EFFORTS TO HELP COMMUNITIES ENHANCE PREPAREDNESS AND BUILD INTERNET RESILIENCY WHEN FACED WITH ADVERSE EVENTS SUCH AS NATIONAL DISASTERS.
RESEARCH PROGRAM SUPPORTS GLOBAL RESEARCH COLLABORATIONS THAT ADVANCE UNDERSTANDING OF THE INTERNET AND ITS VALUE FOR ALL.
STRENGTHENING COMMUNITIES/IMPROVING LIVES AND LIVELIHOODS: SCILLS GRANT PROGRAM AIMS TO EXPAND ECONOMIC GROWTH AND INCREASE EDUCATIONAL OPPORTUNITIES BY SUPPORTING INDIVIDUALS AND COMMUNITIES TO MORE KNOWLEDGEABLY AND SKILLFULLY USE AND BENEFIT FROM THE INTERNET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Armstrong Executive Director | Officer | 40 | $268,750 |
Connie Kendig Operations Director | 40 | $141,013 | |
Shayna Robinson Program Officer | 40 | $112,150 | |
Andrew Sullivan President & CEO | Officer | 5 | $57,071 |
Sandra Spector CFO (thru 9/23/21) | Officer | 3.8 | $42,274 |
Ilona Levine SVP And General Counsel | Officer | 5 | $27,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $27,007,682 |
| 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 | $27,007,682 |
| Total Program Service Revenue | $0 |
| Investment income | $2,184,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,769,900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,962,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,912,675 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,323,713 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $501,375 |
| Compensation of current officers, directors, key employees. | $501,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $717,086 |
| Pension plan accruals and contributions | $114,009 |
| Other employee benefits | $90,096 |
| Payroll taxes | $72,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,056 |
| Fees for services: Accounting | $10,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $325,411 |
| Fees for services: Other | $267,681 |
| Advertising and promotion | $15,416 |
| Office expenses | $9,310 |
| Information technology | $59,856 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $605 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $57,776 |
| Depreciation, depletion, and amortization | $39,712 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,580,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,881,470 |
| 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 | $36,667 |
| Net Land, buildings, and equipment | $31,021 |
| Investments—publicly traded securities | $81,166,927 |
| Investments—other securities | $29,274,546 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,888 |
| Total assets | $123,432,519 |
| Accounts payable and accrued expenses | $640,066 |
| Grants payable | $6,492,209 |
| 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 | $21,618 |
| Total liabilities | $7,153,893 |
| Net assets without donor restrictions | $116,278,626 |
| 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 | $123,432,519 |
Grants Awarded
Over the last fiscal year, Internet Society Foundation has awarded $2,912,674 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Reston, VA PURPOSE: BTN | $517,707 |
Syracuse, NY PURPOSE: RARE | $374,998 |
Palo Alto, CA PURPOSE: RARE | $299,129 |
Fairfax, VA PURPOSE: RARE | $200,000 |
Washington, DC PURPOSE: RESEARCH | $199,974 |
Eugene, OR PURPOSE: RESEARCH | $139,903 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Internet Society Foundation has recieved totaling $27,007,682.
| Awarding Organization | Amount |
|---|---|
Public Interest Registry Reston, VA PURPOSE: GENERAL SUPPORT | $27,007,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Internet Society Foundation Reston, VA | $123,432,519 | $31,962,554 |
Numbersusa Support Organization Arlington, VA | $5,688,999 | $511,170 |
American Foundation For The University Of British Columbia Washington, DC | $14,042 | $1,220,455 |
American Friends Of The School Of St Jude Tanzania Inc Louisville, KY | $667,746 | $705,243 |
American Friends Of Bait Shmaya School Inc Baltimore, MD | $688,051 | $905,183 |
Baja Nonprofit Woodbridge, VA | $1,840,960 | $2,511,494 |
Girl Determined Waynesboro, VA | $2,052,312 | $965,107 |
North American Regional Committee For St Georges College Inc Alexandria, VA | $2,204,845 | $1,691,147 |
Children Of God Relief Fund Inc Washington, DC | $3,612,231 | $658,540 |
Partners Of The Americas Foundation Washington, DC | $807,288 | $20,798 |
Business & Education As Mission Rockville, MD | $1,237,535 | $97,979 |
International Christian Community- Eurasia Inc Bethesda, MD | $557,796 | $514,635 |