Filecoin Foundation For The Decentralized Web
- Assets
- $12.3m
- Revenue
- $2.0m
- Investments
- $71.0
- Employees
- 0
- Location
- Middletown, DE
- Founding
- Data as of
- 09/2023
- EIN
- 85-2066977
Organization Overview
Filecoin Foundation For The Decentralized Web is located in Middletown, DE. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Filecoin Foundation For The Decentralized Web is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Filecoin Foundation For The Decentralized Web has awarded 16 individual grants totaling $16,540,758. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARITABLE MISSION OF THE FILECOIN FOUNDATION FOR THE DECENTRALIZED WEB IS TO PRESERVE HUMANITY'S MOST IMPORTANT INFORMATION, AND THE FOUNDATION SEEKS TO ADVANCE HUMANKIND BY BRINGING WEB3 TO LIFE THROUGH EDUCATION, RESEARCH, AND DEVELOPMENT. THE FOUNDATION SUPPORTS PROGRAMS THAT EDUCATE THE PUBLIC ABOUT HOW THE INTERNET WORKS AND WHAT A DECENTRALIZED FUTURE MEANS FOR BUSINESS, GOVERNMENTS, AND CONSUMERS ALIKE. IN 2023, THE FOUNDATION CONTINUED ITS CHARITABLE ACTIVITIES AROUND INITIATIVES TO SUPPORT ITS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marta Belcher Dir./president/secretary/treasury | 5 | $0 | |
Brian Behlendorf Director | 1 | $0 | |
Megan Klimen Vice President | 6 | $0 | |
Clara Tsao Vice President | 10 | $0 | |
Rainey Reitman Director | 1 | $0 | |
Kristin Smith Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Muckrock Foundation | 9/29/23 | $1,650,000 |
Media Alliance | 9/29/23 | $1,065,856 |
International Digital Media & Education Servic | 9/29/23 | $950,000 |
Prelinger Archives Llc | 9/29/23 | $845,426 |
University Of San Francisco | 9/29/23 | $845,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,652,024 |
| Interest on Savings | $0 |
| Dividends & Interest | $239,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,484 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,851 |
| Total Revenue | $1,962,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,004,434 |
| Total operating and administrative expenses | $13,335,377 |
| Contributions, gifts, grants paid | $7,579,186 |
| Total expenses and disbursements | $20,914,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,196,233 |
| Net Accounts receivable | $10,185 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,601 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $71 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,281,090 |
| Accounts payable and accrued expenses | $569,957 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $569,957 |
Grants Awarded
Over the last fiscal year, Filecoin Foundation For The Decentralized Web has awarded $8,579,186 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ELECTRONIC FRONTIER FOUNDATION PURPOSE: OPERATING | $2,000,000 |
FREEDOM OF THE PRESS FOUNDATION PURPOSE: OPERATING | $1,920,131 |
HARVARD OFFICE FOR SPONSORED PROGRAMS PURPOSE: OPERATING | $1,559,055 |
SPRITELY NETWORKED COMMUNITIES INSTITUTE PURPOSE: OPERATING | $600,000 |
WITNESS INC PURPOSE: OPERATING | $1,000,000 |
CREATIVE COMMONS CORPORATION PURPOSE: OPERATING | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Filecoin Foundation For The Decentralized Web Middletown, DE | $12,281,090 | $1,962,290 |
Commonwealth Foundation For Public Policy Alternatives Harrisburg, PA | $5,691,370 | $9,554,022 |
Center For Effective Public Policy Kensington, MD | $2,719,354 | $6,644,105 |
Garden State Initiative Inc Morristown, NJ | $249,292 | $439,953 |
National Association Of Education Foundations Inc Hunt Valley, MD | $134,733 | $249,661 |
George Washington Initiative Inc Columbia, MD | $21,364 | $0 |
Pennsylvania Public Interest Research Group Philadelphia, PA | $2,820,352 | $215,456 |
Center For Model Based Regulation Inc Davidsonville, MD | $210,299 | $0 |
Susquehanna Valley Center For Public Policy Elizabethtown, PA | $20,057 | $0 |
Jersey City Make It Better Jersey City, NJ | $57,854 | $50,000 |
Vale-U-Health Rhio Belle Vernon, PA | $76,786 | $0 |
Legatum Institute Foundation Wynnewood, PA | $10,833 | $0 |