Civic Intelligence

Sovrin Foundation

EIN 81-3702995 • 501(c)4 • Salt Lake City, UT

Profile

The purpose of the foundation (Sovrin) is to provide a global public utility for self-sovereign (i.e. user controlled) internet identity that streamlines interactions and enables stronger levels of trust among all individuals, organizations and things.

170 S Main Street 1000Salt Lake City, UT 84101

sovrin.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

61.14x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

96.09x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

4th percentile

-390%

Higher net margin than 4% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

14th percentile

-64%

Faster asset growth than 14% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-76%

Faster revenue growth than 10% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$35,242

Down $63,503 (-64%) from 2023

Liabilities

Up

$2,154,819

Up $24,097 (+1.1%) from 2023

Net Assets

Down

-$2,119,577

Down $87,600 (-4.3%) from 2023

Operations
Liabilities / Revenue100th percentileNet Margin4th percentile

Revenue

Down

$22,424

Down $71,150 (-76%) from 2023

Expenses

Up

$109,927

Up $26,524 (+32%) from 2023

Net Income

Down

-$87,503

Down $97,674 (-960%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2017: $175,488Liabilities 2017: $0Net Assets 2017: $175,4882017Assets 2018: $817,471Liabilities 2018: $255,098Net Assets 2018: $562,3732018Assets 2019: $441,627Liabilities 2019: $2,236,022Net Assets 2019: -$1,794,3952019Assets 2020: $60,001Liabilities 2020: $2,073,752Net Assets 2020: -$2,013,7512020Assets 2021: $29,914Liabilities 2021: $2,086,443Net Assets 2021: -$2,056,5292021Assets 2022: $62,436Liabilities 2022: $2,104,584Net Assets 2022: -$2,042,1482022Assets 2023: $98,745Liabilities 2023: $2,130,722Net Assets 2023: -$2,031,9772023Assets 2024: $35,242Liabilities 2024: $2,154,819Net Assets 2024: -$2,119,5772024

Highlighted filing

2024

Assets$35,242
Liabilities$2,154,819
Net Assets-$2,119,577
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2017: $323,700Expenses 2017: $168,292Net Income 2017: $155,4082017Revenue 2018: $2,956,132Expenses 2018: $2,569,247Net Income 2018: $386,8852018Revenue 2019: $1,544,691Expenses 2019: $3,931,459Net Income 2019: -$2,386,7682019Revenue 2020: $777,269Expenses 2020: $967,632Net Income 2020: -$190,3632020Revenue 2021: $90,718Expenses 2021: $133,497Net Income 2021: -$42,7792021Revenue 2022: $120,238Expenses 2022: $105,857Net Income 2022: $14,3812022Revenue 2023: $93,574Expenses 2023: $83,403Net Income 2023: $10,1712023Revenue 2024: $22,424Expenses 2024: $109,927Net Income 2024: -$87,5032024

Highlighted filing

2024

Revenue$22,424
Expenses$109,927
Net Income-$87,503
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,242
Liabilities
$2,154,819
Net assets
-$2,119,577
Revenue
$22,424
Expenses
$109,927
Net income
-$87,503
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.04$2.15$2.12$0.02$0.11$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.10$2.13$2.03$0.09$0.08$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.06$2.10$2.04$0.12$0.11$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.03$2.09$2.06$0.09$0.13$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.06$2.07$2.01$0.78$0.97$0.19
2019Summary only. Only limited summary data is available for this year.$0.44$2.24$1.79$1.54$3.93$2.39
2018Summary only. Only limited summary data is available for this year.$0.82$0.26$0.56$2.96$2.57$0.39
2017Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.32$0.17$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 22, 2025
Return Version
2024v5.2
Gross Receipts
$22,424
Mission and Program Overview

Mission

The purpose of the foundation (Sovrin) is to provide a global public utility for self-sovereign (i.e. user controlled) internet identity that streamlines interactions and enables stronger levels of trust among all individuals, organizations and things.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$95,155$34,651▼ $60,504
Cash and Non-Interest-Bearing Accounts$1,116$886▼ $230
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$2,474$-295▼ $2,769
Rtn Earn Endowment Incm Other Fnds$-2,031,977$-2,119,577▼ $87,600
Total Assets$98,745$35,242▼ $63,503
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$1,360,000$1,360,000→ $0
Mortgage Notes Payable Secured by Investment Property$500,000$500,000→ $0
Other Liabilities$266,109$293,306▲ $27,197
Deferred Revenue$4,000$1,000▼ $3,000
Accounts Payable and Accrued Expenses$613$513▼ $100
Total Liabilities$2,130,722$2,154,819▲ $24,097
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,031,977$-2,119,577▼ $87,600
Total Liabilities and Net Assets / Fund Balance$98,745$35,242▼ $63,503
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Stephen CurranTrustee/Chair
Sankarshan MukhopadhyayTrustee/V Chair
Andre KudraTrustee
Andrew SmithTrustee
Jamie StirlingTrustee
Philippe PageTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$30
Program Service Revenue
$22,387
Investment Income
$7
Other Revenue
$0
All Other Contributions
$30
Change in Net Assets
$-87,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,927
Total Fundraising Expense$12
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$33,153-$33,153
Fees for Services Other$23,466--$23,466
Conferences and Meetings$19,105--$19,105
Fees for Services Legal-$2,396-$2,396
Fees for Services Accounting-$1,450-$1,450
Other Expenses$910$1,114$2$1,114
Insurance-$761-$761
All Other Expenses$661$38$10$709
Occupancy-$567-$567
Total Functional Expenses$63,069$46,846$12$109,927
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
EIDL Loan$150,000
Accrued Interest$143,306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 was circulated to the Board of Trustees for comment prior to filing. The Form 990 is also reviewed by the Board Chair and Executive Committee.”

Form 990, Part VI, Section B, Line 12C

“Each member of the Board of Trustees addresses any conflicts of interest identified.”

Form 990, Part VI, Section B, Line 15A

“Compensation of officers, including contracted services, includes a review and approval by the Executive Committee. The Executive Committee review includes consideration of comparability data.”

Form 990, Part VI, Section B, Line 15B

“Compensation of officers, including contracted services, includes a review and approval by the Executive Committee. The Executive Committee review includes consideration of comparability data.”

Form 990, Part VI, Section C, Line 19

“Articles of Incorporation, By-Laws and conflict of interest policy are available by request. Other Foundation operating procedures are available on our website (www.sovrin.org)”

Filing and Contact Details

Filer

Filer Name
Sovrin Foundation
EIN
81-3702995
Address
170 S Main Street 1000, Salt Lake City, UT 84101

Signing Officer

Name
Stephen Curran
Title
Board Chair
Signed
2025-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Curran
Formed
2016
Legal Domicile
Ut
Voting Board Members
6
Independent Board Members
7
Employees
0
Volunteers
100

Preparer

Firm
Skidmore & Olausson Pllc
Address
1010 N 500 E STE 115, NORTH SALT LAKE, UT 84054
Preparer
Jordan K Toone CPA
Phone
8019518900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Prior Year = -$97”

Raw XML Appendix390 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0613
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0513
IRS990/AccountsReceivableGrp/BOYAmt02474
IRS990/AccountsReceivableGrp/EOYAmt0-295
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The purpose of the foundation (Sovrin) is to provide a global public utility for self-sovereign (i.e. user controlled) internet identity that streamlines interactions and enables stronger levels of trust among all individuals, organizations and things.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt030
IRS990/AllOtherExpensesGrp/FundraisingAmt010
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt038
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0661
IRS990/AllOtherExpensesGrp/TotalAmt0709
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Alex Blom
IRS990/BooksInCareOfDetail/PhoneNum04752953001
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0170 S Main Street Ste 1000
IRS990/BooksInCareOfDetail/USAddress/CityNm0Salt Lake City
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd084101
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01116
IRS990/CashNonInterestBearingGrp/EOYAmt0886
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt019105
IRS990/ConferencesMeetingsGrp/TotalAmt019105
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt030
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt07
IRS990/CYOtherExpensesAmt0109927
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt022387
IRS990/CYRevenuesLessExpensesAmt0-87503
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0109927
IRS990/CYTotalFundraisingExpenseAmt012
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt022424
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt04000
IRS990/DeferredRevenueGrp/EOYAmt01000
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Network Development and Operations:1. Exploited the Sovrin Network for public use and billed for ledger write activity2. Operated network providing oversight and coordination among the Stewards operating nodes
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt036961
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01450
IRS990/FeesForServicesAccountingGrp/TotalAmt01450
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02396
IRS990/FeesForServicesLegalGrp/TotalAmt02396
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt023466
IRS990/FeesForServicesOtherGrp/TotalAmt023466
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Stephen Curran
IRS990/Form990PartVIISectionAGrp/PersonNm1Andrew Smith
IRS990/Form990PartVIISectionAGrp/PersonNm2Andre Kudra
IRS990/Form990PartVIISectionAGrp/PersonNm3Philippe Page
IRS990/Form990PartVIISectionAGrp/PersonNm4Sankarshan Mukhopadhyay
IRS990/Form990PartVIISectionAGrp/PersonNm5Jamie Stirling
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee/Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee/V Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt022424
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0761
IRS990/InsuranceGrp/TotalAmt0761
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt033153
IRS990/InterestGrp/TotalAmt033153
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt07
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The purpose of the foundation (Sovrin) is to provide a global public utility for self-sovereign (i.e. user controlled) internet identity that streamlines interactions and enables stronger levels of trust among all individuals, organizations and things.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0500000
IRS990/NetAssetsOrFundBalancesBOYAmt0-2031977
IRS990/NetAssetsOrFundBalancesEOYAmt0-2119577
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
IRS990/OccupancyGrp/ManagementAndGeneralAmt0567
IRS990/OccupancyGrp/TotalAmt0567
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-97
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Operations Expense
IRS990/OtherExpensesGrp/Desc1Registration & Fees
IRS990/OtherExpensesGrp/Desc2Bank Fees
IRS990/OtherExpensesGrp/Desc3Sponsorships
IRS990/OtherExpensesGrp/FundraisingAmt02
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05725
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11117
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2525
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31114
IRS990/OtherExpensesGrp/ProgramServicesAmt017919
IRS990/OtherExpensesGrp/ProgramServicesAmt11008
IRS990/OtherExpensesGrp/ProgramServicesAmt2910
IRS990/OtherExpensesGrp/TotalAmt023644
IRS990/OtherExpensesGrp/TotalAmt12125
IRS990/OtherExpensesGrp/TotalAmt21437
IRS990/OtherExpensesGrp/TotalAmt31114
IRS990/OtherLiabilitiesGrp/BOYAmt0266109
IRS990/OtherLiabilitiesGrp/EOYAmt0293306
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Stephen Curran
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0519190
IRS990/ProgramServiceRevenueGrp/BusinessCd1519200
IRS990/ProgramServiceRevenueGrp/Desc0Ledger Write Fees
IRS990/ProgramServiceRevenueGrp/Desc1Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021967
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1420
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021967
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1420
IRS990/ProgSrvcAccomActy2Grp/Desc0Network Growth:1. ATTENDED AND PRESENTED INFORMATION AT MANY CONFERENCES TO EDUCATE AND ENCOURAGEDEVELOPMENT AND ADOPTION OF SOVRIN NETWORK.2. CONTINUED TO CULTIVATE OPEN SOURCE SOFTWARE DEVELOPMENT COMMUNITY WITHIN LINUXFOUNDATION'S HYPERLEDGER INDY, HYPERLEDGER ANONCREDS, AND HYPERLEDGER ARIES.3. UPGRADED AND ADDED TO FOUNDATION WEBSITE TO ATTRACT STEWARDS AND SOFTWAREDEVELOPMENT COMMUNITY AND TO EDUCATE ABOUT THE VIRTUES OF SELF-SOVEREIGN IDENTITYAND THE SOVRIN NETWORK.4. PUBLISHED ORIGINAL CONTENT TO HELP EDUCATE THE TECHNOLOGY COMMUNITY ABOUTSELF-SOVEREIGN IDENTITY.5. IMPROVED THE OPERATIONAL EFFICIENCY FOR ORGANIZATIONS TO LEARN ABOUT, REQUEST,AND RECEIVE ACCESS TO THE SOVRIN UTILITY TO ENABLE ITS USE FOR SELF-SOVEREIGNIDENTITY INITIATIVES.BY MAKING FOUNDATIONS TECHNOLOGY OPEN-SOURCE IT IS AVAILABLE TO ALL TO USE WITHOUTPAYING A LICENSE FEE TO THE FOUNDATION. THIS PROMOTES OUR MISSION TO PROVIDE AGLOBAL PUBLIC UTILITY FOR SELF-SOVEREIGN IDENTITY.6. SUPPORTED THE GROWTH OF THE HYPERLEDGER INDY COMMUNITY BY ACTING AS A CONVENOR OF 3 SUMMITS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt026108
IRS990/ProgSrvcAccomActy3Grp/Desc0Identity for all:1. DEVELOPED WRITTEN RESOURCES TO ASSIST HUMANITARIAN ORGANIZATIONS IN ADOPTINGSELF-SOVEREIGN IDENTITY2. DIRECTLY CONTRIBUTED TO THE OPERATIONS OF THE HYPERLEDGER ANONCREDS PROJECT TO EXPAND THE USE OF THESE MAXIMALLY PRIVACY-PRESERVING CREDENTIALS THAT ARE IMPORTANT FOR ENABLING IDENTITY FOR ALL.3. DIRECTLY CONTRIBUTED TO THE DEVELOPMENT AND RELEASE OF A NEW, UPGRADED, OPENSOURCE VERSION OF HYPERLEDGER INDY.4. DIRECTLY CONTRIBUTED TO THE DEVELOPMENT AND RELEASE OF FIXES FOR SECURITYVULNERABILITIES IDENTIFIED IN THE OPEN SOURCE VERSION OF HYPERLEDGER INDY.5. PUBLISHED THE SOVRIN ECOSYSTEM GOVERNANCE FRAMEWORK (SEGF) V3.16. PUBLISHED THE SOVRIN UTILITY GOVERNANCE FRAMEWORK V3.17. PUBLISHED UPDATE GUARDIANSHIP WHITEPAPER ON GUARDIANSHIP IN SELF-SOVEREIGN IDENTITY V28. DEVELOPED AND PUBLISHED RULES TO ENFORCE LEGAL AND FINANCIAL ACCOUNTABILITY INTHE SOVRIN SELF-SOVEREIGN IDENTITY ECOSYSTEM.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0290
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt083403
IRS990/PYProgramServiceRevenueAmt093278
IRS990/PYRevenuesLessExpensesAmt010171
IRS990/PYTotalExpensesAmt083403
IRS990/PYTotalRevenueAmt093574
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-87503
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt021967
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-2031977
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2119577
IRS990/SavingsAndTempCashInvstGrp/BOYAmt095155
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034651
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0143306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EIDL Loan
IRS990ScheduleD/TotalLiabilityAmt0293306
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Srvc Unpaid
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Srvc Unpaid
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Roy Avondet-NSP LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Phil Windley-PJW LC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Former CFO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Former TTEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 was circulated to the Board of Trustees for comment prior to filing. The Form 990 is also reviewed by the Board Chair and Executive Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member of the Board of Trustees addresses any conflicts of interest identified.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation of officers, including contracted services, includes a review and approval by the Executive Committee. The Executive Committee review includes consideration of comparability data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation of officers, including contracted services, includes a review and approval by the Executive Committee. The Executive Committee review includes consideration of comparability data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Articles of Incorporation, By-Laws and conflict of interest policy are available by request. Other Foundation operating procedures are available on our website (www.sovrin.org)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Prior Year = -$97
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt098745
IRS990/TotalAssetsEOYAmt035242
IRS990/TotalAssetsGrp/BOYAmt098745
IRS990/TotalAssetsGrp/EOYAmt035242
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046846
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt063069
IRS990/TotalFunctionalExpensesGrp/TotalAmt0109927
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02130722
IRS990/TotalLiabilitiesEOYAmt02154819
IRS990/TotalLiabilitiesGrp/BOYAmt02130722
IRS990/TotalLiabilitiesGrp/EOYAmt02154819
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2031977
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2119577
IRS990/TotalProgramServiceExpensesAmt063069
IRS990/TotalProgramServiceRevenueAmt022387
IRS990/TotalRevenueGrp/ExclusionAmt07
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022387
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt022424
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098745
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt035242
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01360000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01360000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0170 S Main Street 1000
IRS990/USAddress/CityNm0Salt Lake City
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084101
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0https://sovrin.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Curran
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sovrin Foundation
ReturnHeader/Filer/BusinessNameControlTxt0SOVR
ReturnHeader/Filer/EIN0813702995
ReturnHeader/Filer/USAddress/AddressLine1Txt0170 S Main Street 1000
ReturnHeader/Filer/USAddress/CityNm0Salt Lake City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084101
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208959260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKIDMORE & OLAUSSON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01010 N 500 E STE 115
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH SALT LAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084054
ReturnHeader/PreparerPersonGrp/PhoneNum08019518900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jordan K Toone CPA
ReturnHeader/ReturnTs02025-07-22T14:58:00-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.