Interledger Foundation
- Assets
- $75.5m
- Revenue
- $256.9k
- Investments
- $7.2m
- Employees
- 11
- Location
- Tampa, FL
- Founding
- Data as of
- 12/2022
- EIN
- 84-2364885
Organization Overview
Interledger Foundation is located in Tampa, FL. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Interledger Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interledger 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, Interledger Foundation generated $256.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Interledger Foundation has awarded 29 individual grants totaling $2,348,463. 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 INTERLEDGER FOUNDATION IS A NONPROFIT ADVOCATE FOR THE WEB, PROMOTING INNOVATION, CREATIVITY, AND INCLUSION BY ADVANCING OPEN PAYMENT STANDARDS AND TECHNOLOGIES THAT SEAMLESSLY CONNECT OUR GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERLEDGER WORKS TO BROADEN THE DIVERSITY OF VOICES IN THE TECH ECOSYSTEM BY USING THE INTERLEDGER PROTOCOL (ILP) TO POWER A CURRENCY-AGNOSTIC PAYMENTS NETWORK AS A DRIVER FOR DIGITAL FINANCIAL INCLUSION. INTERLEDGER HAD THE FOLLOWING ACCOMPLISHMENTS IN 2022: IN OUR GRANT-MAKING, WE FUNDED 56 PROJECTS IN 24 COUNTRIES WHILE EXPANDING THE PROGRAM AREAS WE FUND. WE HELD A GLOBAL INTERLEDGER SUMMIT THAT BROUGHT TOGETHER DEVELOPERS, ACTIVISTS, AND ENTREPRENEURS TO BUILD ON THE MOMENTUM OF THE FOUNDATION. IN ADDITION, WE LED THE COMMUNITY, ECOSYSTEM, AND PARTNERS TOWARDS ADVANCING THE FUNCTIONALITY OF THE INTERLEDGER PROTOCOL. WE'VE DEVELOPED NEW SERVICES, TOOLS, AND RESOURCES FOR THE STANDARDS WE STEWARD: OPEN PAYMENTS AND WEB MONETIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefan Thomas Chairperson | OfficerTrustee | 5 | $0 |
Evan Schwartz President | OfficerTrustee | 10 | $0 |
Maha Bahou Director | Trustee | 2 | $0 |
Chris Larsen Director | Trustee | 2 | $0 |
Konstantin Peric Director | Trustee | 2 | $0 |
Briana Marbury President & CEO | Officer | 40 | $325,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Orleans Marriott Warehouse Arts Dist Event Venue | 12/30/22 | $257,400 |
Dfs Lab Llc Research | 12/30/22 | $138,831 |
Butzel Long Legal Fees | 12/30/22 | $124,126 |
Marcum Llp Accounting Services | 12/30/22 | $101,998 |
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 | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,000 |
| Total Program Service Revenue | $0 |
| Investment income | $851,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$848,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $357,020 |
| Grants and other assistance to domestic individuals. | $209,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $739,159 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $904,517 |
| Compensation of current officers, directors, key employees. | $322,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $366,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,779 |
| Payroll taxes | $46,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $198,804 |
| Fees for services: Accounting | $181,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $256,798 |
| Fees for services: Other | $391,917 |
| Advertising and promotion | $155,508 |
| Office expenses | $21,038 |
| Information technology | $52,329 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $167,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $382,555 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,130 |
| Insurance | $18,248 |
| All other expenses | $0 |
| Total functional expenses | $4,609,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,768 |
| Savings and temporary cash investments | $2,151,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,000 |
| 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 | $18,447 |
| Net Land, buildings, and equipment | $16,009 |
| Investments—publicly traded securities | $65,925,584 |
| Investments—other securities | $7,228,650 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,106 |
| Total assets | $75,537,366 |
| Accounts payable and accrued expenses | $287,931 |
| 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 | $287,931 |
| Net assets without donor restrictions | $75,249,435 |
| 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 | $75,537,366 |
Grants Awarded
Over the last fiscal year, Interledger Foundation has awarded $353,520 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BEATS BY GIRLZ PURPOSE: GRANTS FOR INNOVATION IN OPEN PAYMENTS | $40,000 |
BLACK WEB FESTIVAL INC PURPOSE: GRANTS FOR INNOVATION IN OPEN PAYMENTS | $38,520 |
BOWIE STATE UNIVERSITY FOUNDATION PURPOSE: GRANTS FOR INNOVATION IN OPEN PAYMENTS | $30,000 |
DIVAO LLC PURPOSE: GRANTS FOR INNOVATION IN OPEN PAYMENTS | $75,000 |
GHOST IN THE MACHINE DBA SNAKE NATION PURPOSE: GRANTS FOR INNOVATION IN OPEN PAYMENTS | $75,000 |
METASEBIA YOSEPH PURPOSE: GRANTS FOR INNOVATION IN OPEN PAYMENTS | $20,000 |