Civic Intelligence

Interledger Foundation

990 • Fiscal year 2020 • EIN 84-2364885

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

Organization ProfileINTERLEDGER.ORG

View Organization Page

268 Bush St Ste 2903 No 2903San Francisco, CA 94104

(781) 876-8914

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Balance Sheet

Assets

Up

$779,223

Up $529,223 (+212%) from 2019

Net Assets

Up

$718,754

Up $474,589 (+194%) from 2019

Liabilities

Up

$60,469

Up $54,634 (+936%) from 2019

Revenue And Expenses

Revenue

Up

$1,000,520

Up $750,520 (+300%) from 2019

Expenses

Up

$525,931

Up $520,096 (+8913%) from 2019

Net Income

Up

$474,589

Up $230,424 (+94%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2019: $250,000Liabilities 2019: $5,835Net Assets 2019: $244,1652019Assets 2020: $779,223Liabilities 2020: $60,469Net Assets 2020: $718,7542020Assets 2020: $8,433,223Liabilities 2020: $60,469Net Assets 2020: $8,372,7542020Assets 2021: $102,603,336Liabilities 2021: $2,225,914Net Assets 2021: $100,377,4222021Assets 2022: $75,537,366Liabilities 2022: $287,931Net Assets 2022: $75,249,4352022Assets 2023: $82,655,890Liabilities 2023: $1,476,621Net Assets 2023: $81,179,2692023Assets 2024: $97,509,343Liabilities 2024: $1,143,295Net Assets 2024: $96,366,0482024

Highlighted filing

2020

Assets$779,223
Liabilities$60,469
Net Assets$718,754
Open 2020 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MRevenue 2019: $250,000Expenses 2019: $5,835Net Income 2019: $244,1652019Revenue 2020: $1,000,520Expenses 2020: $525,931Net Income 2020: $474,5892020Revenue 2020: $8,654,520Expenses 2020: $525,931Net Income 2020: $8,128,5892020Revenue 2021: $111,802,448Expenses 2021: $6,046,373Net Income 2021: $105,756,0752021Revenue 2022: $256,857Expenses 2022: $4,609,235Net Income 2022: -$4,352,3782022Revenue 2023: -$92,551Expenses 2023: $8,748,400Net Income 2023: -$8,840,9512023Revenue 2024: $5,433,500Expenses 2024: $11,487,604Net Income 2024: -$6,054,1042024

Highlighted filing

2020

Revenue$1,000,520
Expenses$525,931
Net Income$474,589
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$1,000,520
Mission and Program Overview

Mission

The interledger foundation is a nonprofit advocate for the web, promoting innovation, creativity, and inclusion by advancing open payment standards and technologies that seamlessly connect our global society.

The interledger foundation is a non-profit advocate for the web, promoting innovation, creativity, and inclusion by advancing open payment standards and technologies that seamlessly connect our global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$250,000$779,223▲ $529,223
Total Assets$250,000$779,223▲ $529,223
Liabilities
Accounts Payable and Accrued Expenses$5,835$60,469▲ $54,634
Total Liabilities$5,835$60,469▲ $54,634
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$244,165$718,754▲ $474,589
Total Net Assets Fund Balance$244,165$718,754▲ $474,589
Total Liabilities and Net Assets / Fund Balance$250,000$779,223▲ $529,223
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Briana MarburyExecutive DirectorFT$93,301$1,933$95,234

Board Members and Trustees

NameTitle
Stefan ThomasChairperson
Evan SchwartzPresident
Chris LarsenDirector
Konstantin PericDirector
Maha BahouDirector
Gary MorrisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,000
Program Service Revenue
$0
Investment Income
$520
Other Revenue
$0
All Other Contributions
$1,000,000
Change in Net Assets
$474,589

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,000,520
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,000,520
Total Revenue per Form 990
$1,000,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$269,240
Other Expenses$256,691
Total Fundraising Expense$23,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$129,404$24,263$8,088$161,755
Other Salaries and Wages$123,522$23,160$7,720$154,402
Current Officers, Directors, Trustees, and Key Employees$76,187$14,285$4,762$95,234
Fees for Services Accounting-$43,107-$43,107
Fees for Services Other$24,253$7,771$1,516$33,540
Payroll Taxes$10,671$2,001$667$13,339
Office Expenses$7,123$1,565$445$9,133
Other Employee Benefits$5,012$940$313$6,265
Information Technology$4,850$909$303$6,062
Advertising$1,800$338$112$2,250
All Other Expenses$147$688$9$844
Total Functional Expenses$382,969$119,027$23,935$525,931

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$525,931
Total Expenses per Audited Statements$525,931
Total Expenses per Form 990$525,931
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
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 A, Line 2

“Mr. Larsen is the chairman of ripple. Mr. Schwartz is the president of the interledger foundation and the co-creator of the interledger protocol. Mr. Thomas is the founder and ceo of coil, and the co-creator of the interledger protocol. Mr. Peric is an employee of the bill & melinda gates foundation, which is partnering with coil. Mr. Morris is the coo of coil.”

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

“The organization's governing body is provided with a copy of the form 990 prior to filing with the irs.”

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

“The committee will meet at least once a year or more frequently as circumstances require.”

Form 990, Part VI, Section C, Line 19

“Interledger foudation makes its governing documents, confilct of interest policy and financial ststements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Interledger Foundation
EIN
84-2364885
Phone
7818768914
Address
268 BUSH ST STE 2903 NO 2903, SAN FRANCISCO, CA 94104

Signing Officer

Name
Briana Marbury
Title
Executive Director
Phone
7818768914
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Briana Marbury
Formed
2019
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
6

Preparer

Firm
Wegner Cpas Llp
Address
419 N LEE ST, ALEXANDRIA, VA 22314
Preparer
Glenn Miller CPA
Phone
7035190990
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

“Interledger foundation leases an employee from a professional employment organization, peo canada. The employee is considered a common law employee of interledger foundation, however, peo canada is the employer of record and the employee gets their t4 from peo canada.”

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INTERLEDGER FOUNDATION LEASES AN EMPLOYEE FROM A PROFESSIONAL EMPLOYMENT ORGANIZATION, PEO CANADA. THE EMPLOYEE IS CONSIDERED A COMMON LAW EMPLOYEE OF INTERLEDGER FOUNDATION, HOWEVER, PEO CANADA IS THE EMPLOYER OF RECORD AND THE EMPLOYEE GETS THEIR T4 FROM PEO CANADA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MR. LARSEN IS THE CHAIRMAN OF RIPPLE. MR. SCHWARTZ IS THE PRESIDENT OF THE INTERLEDGER FOUNDATION AND THE CO-CREATOR OF THE INTERLEDGER PROTOCOL. MR. THOMAS IS THE FOUNDER AND CEO OF COIL, AND THE CO-CREATOR OF THE INTERLEDGER PROTOCOL. MR. PERIC IS AN EMPLOYEE OF THE BILL & MELINDA GATES FOUNDATION, WHICH IS PARTNERING WITH COIL. MR. MORRIS IS THE COO OF COIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING BODY IS PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMMITTEE WILL MEET AT LEAST ONCE A YEAR OR MORE FREQUENTLY AS CIRCUMSTANCES REQUIRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INTERLEDGER FOUDATION MAKES ITS GOVERNING DOCUMENTS, CONFILCT OF INTEREST POLICY AND FINANCIAL STSTEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0250000
IRS990/TotalAssetsEOYAmt0779223
IRS990/TotalAssetsGrp/BOYAmt0250000
IRS990/TotalAssetsGrp/EOYAmt0779223
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01000000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023935
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0119027
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0382969
IRS990/TotalFunctionalExpensesGrp/TotalAmt0525931
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05835
IRS990/TotalLiabilitiesEOYAmt060469
IRS990/TotalLiabilitiesGrp/BOYAmt05835
IRS990/TotalLiabilitiesGrp/EOYAmt060469
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0244165
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0718754
IRS990/TotalOtherCompensationAmt01933
IRS990/TotalProgramServiceExpensesAmt0382969
IRS990/TotalReportableCompFromOrgAmt093301
IRS990/TotalRevenueGrp/ExclusionAmt0520
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01000520
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0250000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0779223
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0268 BUSH ST STE 2903 NO 2903
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094104
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0INTERLEDGER.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIANA MARBURY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07818768914
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INTERLEDGER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0842364885
ReturnHeader/Filer/PhoneNum07818768914
ReturnHeader/Filer/USAddress/AddressLine1Txt0268 BUSH ST STE 2903 NO 2903
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0419 N LEE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALEXANDRIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd022314
ReturnHeader/PreparerPersonGrp/PhoneNum07035190990
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GLENN MILLER CPA
ReturnHeader/ReturnTs02021-11-10T17:39:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRIANA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARBURY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$779,223
Liabilities
$60,469
Net assets
$718,754
Revenue
$1,000,520
Expenses
$525,931
Net income
$474,589
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$97.5$1.14$96.4$5.43$11.5$6.05
2023Summary only. Only limited summary data is available for this year.$82.7$1.48$81.2$0.09$8.75$8.84
2022Summary only. Only limited summary data is available for this year.$75.5$0.29$75.2$0.26$4.61$4.35
2021Summary only. Only limited summary data is available for this year.$103$2.23$100$112$6.05$106
2020Summary only. Only limited summary data is available for this year.$8.43$0.06$8.37$8.65$0.53$8.13
2020Detailed filing. Detailed filing data is available for this year.$0.78$0.06$0.72$1.00$0.53$0.47
2019Summary only. Only limited summary data is available for this year.$0.25$0.01$0.24$0.25$0.01$0.24
Peer Organizations

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