Proof Of Stake Alliance
- Assets
- $221.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mineola, NY
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 84-1860628
Organization Overview
Proof Of Stake Alliance is located in Mineola, NY. The organization was established in 2019. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proof Of Stake Alliance 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 12/2022, Proof Of Stake Alliance generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.1% each year . All expenses for the organization totaled $1.1m 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
TO ENGAGE IN ACTIVITIES DIRECTED TO IMPROVING BUSINESS CONDITIONS FOR ENTITIES THAT UTILIZE OR INTERACT WITH PROOF OF STAKE TECHNOLOGIES THROUGH EDUCATION, COLLABORATION AND DIALOG AMONG STAKEHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING STAKING REWARDS TAX CASE, WHITE PAPERS FROM PREEMINENT LAW FIRMS, EDUCATING MEMBERS ON THE HILL ABOUT PROOF OF STAKE BASED TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Weiss President & Founder | OfficerTrustee | 2 | $0 |
Alison Mangiero Director | Trustee | 2 | $0 |
Angela Angelovska-Wilson Director | Trustee | 2 | $0 |
Lee Schneider Director | Trustee | 2 | $0 |
Matt Perona Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tusk Strategies Consulting Services | 12/30/22 | $295,000 |
Fenwick & West Llp Legal Services | 12/30/22 | $261,296 |
Station Peak Llc Legal Services | 12/30/22 | $244,451 |
Willkie Farr & Gallagher Llp Legal Services | 12/30/22 | $150,000 |
Tiger Hill Partners Llc Lobbying Services | 12/30/22 | $100,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $225,016 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $900,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,125,016 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $1,125,026 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Legal | $735,528 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $100,020 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,000 |
| Advertising and promotion | $3,123 |
| Office expenses | $2,205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,491 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,137,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $221,533 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $221,533 |
| Accounts payable and accrued expenses | $25,690 |
| 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 | $25,690 |
| Net assets without donor restrictions | $195,843 |
| 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 | $221,533 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Advancement Edison, NJ | $469,174 | $3,249,273 |
Massachusetts Construction Advancement Program Framingham, MA | $4,673,749 | $2,217,436 |
Construction Industry Advancement Program Of Western Pennsylvania Fu Pittsburgh, PA | $6,395,478 | $2,120,474 |
Proof Of Stake Alliance Mineola, NY | $221,533 | $1,125,026 |
Construction Industries Of Massachusetts Advancement Fund Framingham, MA | $4,162,224 | $945,333 |
Climatehaven Inc New Haven, CT | $833,611 | $1,402,733 |
Massautonomy Inc Marlborough, MA | $296,079 | $807,041 |
Construction Industry Advancement Program 6f Northwestern Pennsylvan Erie, PA | $159,388 | $0 |
Vermiculite Association Inc Harrisburg, PA | $139,182 | $0 |
Latinos In Bio Inc Wellesley, MA | $78,012 | $0 |
Science Clubs International Inc Cambridge, MA | $48,477 | $0 |
International Union United Auto Aerospace & Agricultural Workers Buffalo, NY | $108,996 | $0 |
Blockchain Alliance International Inc New York, NY | $430 | $0 |
Dreamgirls Initiative A Nj Nonprofit Corporation Sparta, NJ | $3,874 | $2,073 |
Arbex Corporation Boston, MA | $3,000 | $0 |