Storj Institute
- Assets
- $15.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-4286046
Organization Overview
Storj Institute is located in Minneapolis, MN. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storj Institute 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, Storj Institute generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (68.8%) each year. All expenses for the organization totaled $35.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (66.4%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
STORJ INSTITUTE EMPOWERED UNDERREPRESENTED COMMUNITIES THROUGH SPONSORSHIP OF WEB3 PROJECTS, FOSTERING COLLABORATIVE PARTNERSHIPS AIMED AT SUPPORTING BUSINESS DEVELOPMENT FOR AUTONOMY, GROWTH, AND SOCIAL GOOD. IN LINE WITH OUR MISSION TO AMPLIFY DIVERSITY, WE LAUNCHED A BLOG AND INTERVIEW SERIES THAT HIGHLIGHTS INDIVIDUALS, COMPANIES, AND TECHNOLOGIES WITH A FOCUS ON INCLUSIVITY IN THE WEB3 SPACE. ADDITIONALLY, WE RETAINED MEMBERSHIPS IN TWO ORGANIZATIONS THAT PROVIDE PUBLIC POLICY ADVISORY AND NETWORKING OPPORTUNITIES, ENSURING THAT OUR ADVOCACY FOR THE UNDERREPRESENTED IN TECHNOLOGY REMAINED AT THE FOREFRONT OF POLICY DISCUSSIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Doran Executive Director | 19 | $0 | |
Katherine Johnson Board President | 1 | $0 | |
Lorine Pendleton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $35 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,035 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,254 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,471 |
| Total expenses | $35,725 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,812 |
| Other assets | $0 |
| Total assets | $15,812 |
| Total liabilities | $850 |
| Net assets or fund balances | $14,962 |
Grants Awarded
Over the last fiscal year, Storj Institute has awarded $29,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MY CRYPTO INDEX INC PURPOSE: Development of Product, Design, Analytics for their crypto investing platfor | $10,000 |
LIGHTBEAM FI INC PURPOSE: Development of Knowledge Center, Marketing Calendar, and Zoho CRM Automation | $9,000 |
PERSPECTIVE DEVELOPER LLC PURPOSE: Development of software for a product that integrates | $10,000 |