Sia Foundation Inc
- Assets
- $28.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Randolph, MA
- Founding
- Data as of
- 12/2022
- EIN
- 85-4329649
Organization Overview
Sia Foundation Inc is located in Randolph, MA. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2022, Sia Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sia Foundation Inc 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, Sia Foundation Inc generated $2.1m in total revenue. All expenses for the organization totaled $2.3m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SIA FOUNDATION WAS CREATED TO SERVE AS THE IDEAL STEWARD OF THE SIA STORAGE NETWORK: FINANCIALLY STABLE, POLITICALLY NEUTRAL, AND TECHNOLOGICALLY CAPABLE. WE AIM TO DISRUPT CLOUD STORAGE BY ALLOWING PEERS TO BUY AND SELL CLOUD STORAGE DIRECTLY IN A GLOBAL, TRUSTLESS MARKETPLACE, AND TO CONDUCT RESEARCH AND ENGINEERING IN THE OPEN, SHARING OUR RESULTS FOR THE BENEFIT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTOCOL - THE SIA FOUNDATION EXISTS TO STRENGTHEN THE SIA PROTOCOL THROUGH RESEARCH AND DEVELOPMENT BY FUNDING DEVELOPERS AND OTHER PROTOCOL NEEDS.
GRANTS PROGRAM - PROGRAM DEDICATED TO FUNDING RESEARCH, DEVELOPMENT, DEVELOPER TOOLS, AND ANYTHING ELSE THAT WILL SUPPORT AND FURTHER OUR MISSION OF USER-OWNED DATA.
COMMUNITY - PROGRAM DEDICATED TO EDUCATION AND OUTREACH TO EDUCATE PEOPLE ON SIA, OUR MISSION OF USER-OWNED DATA, AND THE IMPORTANCE OF DECENTRALIZED CLOUD STORAGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Champine President/treasurer | OfficerTrustee | 40 | $191,698 |
Eddie Wang Chairman/secretary | OfficerTrustee | 8 | $0 |
Alexendar Freska Frontend Engineer | 40 | $189,676 | |
Nathaniel Maninger Core Developer | 40 | $158,833 | |
Frances Lu Operations Director | 40 | $146,740 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schinnerl Engineering Consultancy Gmbh Research, Software Architecture, Softwar | 12/30/22 | $139,667 |
Brone Engineering And Consultancy Commv Research, Software Architecture, Softwar | 12/30/22 | $138,298 |
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 | $10,751,353 |
| Noncash contributions included in lines 1a–1f | $10,746,746 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,751,353 |
| Total Program Service Revenue | $0 |
| Investment income | $382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,699,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,052,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $338,857 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $21,650 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,753 |
| Compensation of current officers, directors, key employees. | $87,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $648,178 |
| Pension plan accruals and contributions | $23,509 |
| Other employee benefits | $40,059 |
| Payroll taxes | $63,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $226,333 |
| Fees for services: Accounting | $36,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $524,036 |
| Advertising and promotion | $0 |
| Office expenses | $41,622 |
| Information technology | $75,600 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,020 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,190 |
| Insurance | $7,017 |
| All other expenses | $0 |
| Total functional expenses | $2,308,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,118 |
| Savings and temporary cash investments | $15,500,382 |
| 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 | $6,541 |
| Net Land, buildings, and equipment | $4,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,533,247 |
| Other assets | $0 |
| Total assets | $28,791,779 |
| Accounts payable and accrued expenses | $2,281 |
| 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 | $2,281 |
| Net assets without donor restrictions | $28,789,498 |
| 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 | $28,791,779 |
Grants Awarded
Over the last fiscal year, Sia Foundation Inc has awarded $314,761 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HAMMER TECHNOLOGIES LLC PURPOSE: Research and development | $14,226 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: Sponsorship of two educational events | $13,000 |
NEBULOUS INC PURPOSE: Development and outreach | $287,535 |