Defi Education Fund
- Assets
- $6.4m
- Revenue
- $438.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 87-1014079
Organization Overview
Defi Education Fund is located in Washington, DC. 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. As of 12/2023, Defi Education Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Defi Education Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Defi Education Fund generated $438.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.3%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Defi Education Fund has awarded 13 individual grants totaling $1,444,367. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOBBYING ACTIVITIES: CONTINUING OUR EFFORTS FROM 2022, IN 2023 THE DEFI EDUCATION FUND CONTINUED ITS CONGRESSIONAL LOBBYING EFFORTS, FOCUSING ON EXPLAINING NOT ONLY HOW DECENTRALIZED FINANCE ("DEFI") WORKS, BUT ALSO THE BENEFITS THAT CAN BE ACHIEVED WITH SENSIBLE REGULATORY FRAMEWORKS AND POLICY.
POLICY LITIGATION: IN 2023, THE DEFI EDUCATION FUND RAMPED UP OUR POLICY LITIGATION EFFORTS, FOCUSING ON ASSISTING IN OR BRINGING LAWSUITS THAT AFFIRM THE RIGHTS OF INDIVIDUAL SOFTWARE DEVELOPERS AND USERS AND CREATE REGULATORY CLARITY FOR THE INDUSTRY. THE DEFI EDUCATION FUND SUBMITS NUMEROUS AMICUS BRIEFS IN RELEVANT CASES TO EDUCATE THE COURT ABOUT HOW DEFI TECHNOLOGY WORKS.
THE DEFI EDUCATION FUND PREVIOUSLY GRANTED FUNDS TO GRANTEES OVER A PREDETERMINED SCHEDULE THAT SPANNED MULTIPLE YEARS. IN THE SECOND HALF OF 2023, THE DEFI EDUCATION FUND SUNSETTED OUR GRANTS PROGRAM AND STOPPED GIVING NEW GRANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Boiron Board Of Directors, President | OfficerTrustee | 3 | $0 |
Rebecca Rettig Board Of Directors | Trustee | 3 | $0 |
Jake Chervinsky Board Of Directors | Trustee | 2 | $0 |
Amanda Tuminelli Clo, Secretary | Officer | 40 | $319,486 |
Miller Whitehouse-Levine CEO | Officer | 40 | $224,565 |
Larry Sukernik Treasurer | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sullivan & Cromwell Llp Policy Litigation | 12/30/23 | $278,778 |
Federal Hall Policy Advisors Llc Lobbying | 12/30/23 | $260,000 |
Elmendorf Strategies Llc Dba Team Subjec Lobbying | 12/30/23 | $250,000 |
Shapiro Finnan Llc Policy Litigation | 12/30/23 | $185,016 |
Goldstein Policy Solutions Llc Lobbying | 12/30/23 | $180,000 |
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 | $438,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,616 |
| Total Program Service Revenue | $0 |
| Investment income | $56 |
| 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 | $438,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $556,250 |
| 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. | $555,499 |
| Compensation of current officers, directors, key employees. | $77,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,255 |
| Payroll taxes | $75,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,405 |
| Fees for services: Accounting | $81,477 |
| Fees for services: Lobbying | $733,185 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,295 |
| Advertising and promotion | $129,032 |
| Office expenses | $6,635 |
| Information technology | $34,042 |
| Royalties | $0 |
| Occupancy | $48,518 |
| Travel | $71,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,285 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $144,353 |
| All other expenses | $0 |
| Total functional expenses | $3,781,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,804 |
| 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 | $47,492 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,094,951 |
| Total assets | $6,417,247 |
| Accounts payable and accrued expenses | $332,256 |
| 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 | $332,256 |
| Net assets without donor restrictions | $6,084,991 |
| 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 | $6,417,247 |
Grants Awarded
Over the last fiscal year, Defi Education Fund has awarded $556,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIGHT FOR THE FUTURE EDUCATION FUND PURPOSE: Program Support. | $431,250 |
MERCATUS CENTER PURPOSE: Program Support. | $62,500 |
NYU LEONARD N STERN SCHOOL OF BUSINESS PURPOSE: Program Support. | $62,500 |