Radicalxchange Foundation Ltd
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Moraga, CA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2183139
Organization Overview
Radicalxchange Foundation Ltd is located in Moraga, CA. The organization was established in 2019. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2022, Radicalxchange Foundation Ltd employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radicalxchange Foundation Ltd 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, Radicalxchange Foundation Ltd generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 72.4% each year . All expenses for the organization totaled $993.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RADICALXCHANGE FOUNDATION LTD WAS INCORPORATED FOR THE CHARITABLE PURPOSE OF ADVANCING EDUCATION AND RESEARCH CONCERNING FAIR AND EFFICIENT INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RADICALXCHANGE FOUNDATION HAS ADVANCED WORK IN INSTITUTIONAL DESIGN AND HELPED TO EDUCATE A COMMUNITY AROUND IT BY WORKING ON CITIZEN FEEDBACK AND CONSULTATION PROJECTS WITH THE STATE OF COLORADO, ORGANIZING COMMUNITY EVENTS RELATING TO DEMOCRACY AND TECHNOLOGY, CONDUCTING RESEARCH RELATED TO LOCAL CURRENCY, SHARED PROPERTY, PLATFORM GOVERNANCE, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Prewitt President/treas | OfficerTrustee | 40 | $93,558 |
Jennifer Lyn Marone CEO | OfficerTrustee | 40 | $93,462 |
Glen Weyl Director | Trustee | 0 | $0 |
Audrey Tang Director | Trustee | 0 | $0 |
Vitalik Buterin Director | Trustee | 0 | $0 |
Danielle Allen Director | Trustee | 0 | $0 |
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 | $1,318,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,318,786 |
| Total Program Service Revenue | $74,793 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$115,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,278,007 |
| 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. | $187,020 |
| Compensation of current officers, directors, key employees. | $28,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,023 |
| Payroll taxes | $33,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,998 |
| Fees for services: Accounting | $9,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,922 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $963 |
| All other expenses | $22,563 |
| Total functional expenses | $993,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588,422 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $581,563 |
| Other assets | $0 |
| Total assets | $1,169,985 |
| Accounts payable and accrued expenses | $9,086 |
| 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 | $9,086 |
| Net assets without donor restrictions | $0 |
| 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 | $1,160,899 |
| Total liabilities and net assets/fund balances | $1,169,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gen Next Foundation Irvine, CA | $414,827 | $1,078,028 |
Western Economic Association International Fountain Valley, CA | $3,328,019 | $907,375 |
Radicalxchange Foundation Ltd Moraga, CA | $1,169,985 | $1,278,007 |
California Council On Economic Education Torrance, CA | $1,462,732 | $602,521 |
International Foundation For Research In Experimental Economiic Tucson, AZ | $0 | $15,455 |
Thomas R Brown Foundation Tucson, AZ | $1,988,815 | $28,573 |
Institute For Sustainability Education And Ecology Eugene, OR | $73,263 | $0 |
Hawaii Council On Economic Education Honolulu, HI | $15,212 | $0 |
Sfecon Chico, CA | $37 | $0 |
Avenew Community Foundation Mammoth Lakes, CA | $0 | $0 |
Polish American Foundation For Econ Omic Research & Education Torrance, CA | $0 | $0 |
Technet Foundation Inc Santa Clara, CA | $0 | $0 |