Civic Intelligence

Interledger Foundation

990 • Fiscal year 2021 • EIN 84-2364885

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileINTERLEDGER.ORG
785 Market Street 900San Francisco, CA 94103

(201) 862-8453

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.02x

Higher debt load relative to assets than 14% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

6th percentile

0.02x

Higher debt load relative to revenue than 6% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

99th percentile

95%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

62nd percentile

$208,592

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2021 filings • $100M-$250M nonprofits • Source year 2021

Asset Growth

100th percentile

1117%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

1192%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$102,603,336

Up $94,170,113 (+1117%) from 2020

Net Assets

Up

$100,377,422

Up $92,004,668 (+1099%) from 2020

Liabilities

Up

$2,225,914

Up $2,165,445 (+3581%) from 2020

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin99th percentile

Revenue

Up

$111,802,448

Up $103,147,928 (+1192%) from 2020

Expenses

Up

$6,046,373

Up $5,520,442 (+1050%) from 2020

Net Income

Up

$105,756,075

Up $97,627,486 (+1201%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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: $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

2021

Assets$102,603,336
Liabilities$2,225,914
Net Assets$100,377,422
Open 2021 Filing

Operations Trend

Revenue Growth99th percentile

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: $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

2021

Revenue$111,802,448
Expenses$6,046,373
Net Income$105,756,075
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$210,227,448
Mission and Program Overview

Mission

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
Savings and Temporary Cash Investments$0$75,450,126▲ $75,450,126
Investments Other Securities$7,654,000$24,170,773▲ $16,516,773
Cash and Non-Interest-Bearing Accounts$779,223$2,946,466▲ $2,167,243
Land, Buildings, and Equipment, Net$0$13,155▲ $13,155
Prepaid Expenses and Deferred Charges$0$6,599▲ $6,599
Total Assets$8,433,223$102,603,336▲ $94,170,113
Other Assets Total$0$16,217▲ $16,217
Liabilities
Grants Payable$0$1,860,334▲ $1,860,334
Deferred Revenue$0$250,000▲ $250,000
Accounts Payable and Accrued Expenses$60,469$115,580▲ $55,111
Total Liabilities$60,469$2,225,914▲ $2,165,445
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,372,754$93,999,115▲ $85,626,361
Net Assets With Donor Restrictions$0$6,378,307▲ $6,378,307
Total Net Assets Fund Balance$8,372,754$100,377,422▲ $92,004,668
Total Liabilities and Net Assets / Fund Balance$8,433,223$102,603,336▲ $94,170,113

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,155$447$13,602
Other Securities$7,654,000--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Briana MarburyExecutive DirectorFT$205,000$3,592$208,592
Erika DrushkaSenior Director of ProgramsFT$150,000$3,870$153,870
Chris LawrenceSenior Director of ProgramsFT$150,000$17$150,017

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Virtual INCManagement Services401 EDGEWATER PLACE STE 600, Wakefield, MA 01880$139,946
Revenue and Support

Revenue Composition

Contributions and Grants
$129,145,759
Program Service Revenue
$0
Investment Income
$-17,343,311
Other Revenue
$0
All Other Contributions
$129,145,759
Change in Net Assets
$105,756,075

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous1$129,145,759Fair Market Value (FMV)
Total Noncash Contributions1$129,145,759-

Audited Revenue Reconciliation

Revenue per Audited Statements
$111,802,448
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-14,203,985
Total Revenue per Audited Statements
$97,598,463
Total Revenue per Form 990
$111,802,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,958,849
Other Expenses$1,334,835
Salaries, Compensation, and Employee Benefits$752,689
Total Fundraising Expense$24,283
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,996,943--$1,996,943
Foreign Grants$1,577,068--$1,577,068
Other Salaries and Wages$133,970$343,249-$477,219
Fees for Service Investment Mgmnt Fees-$452,578-$452,578
Grants to Domestic Individuals$384,838--$384,838
Office Expenses$218,548$10,600$517$229,665
Current Officers, Directors, Trustees, and Key Employees$166,874$32,020$9,698$208,592
Fees for Services Legal$86,251$86,251-$172,502
Advertising$167,988$628$209$168,825
Information Technology$110,218$20,666$6,888$137,772
Fees for Services Other$51,780$9,717$3,792$65,289
Fees for Services Accounting-$63,000-$63,000
Other Employee Benefits$16,063$20,037$518$36,618
Payroll Taxes$13,274$16,558$428$30,260
Conferences and Meetings$20,000$3,750$1,250$25,000
Insurance$7,846$1,471$491$9,808
Travel$7,528$1,412$470$9,410
All Other Expenses-$539-$539
Depreciation Depletion$358$67$22$447
Total Functional Expenses$4,959,547$1,062,543$24,283$6,046,373

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,046,373
Expenses per Audited Statements$5,593,795
Total Expenses per Audited Statements$5,593,795
Expenses Not Reported on Financial Statements$452,578
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Crwn Magazine LLCDallas, TX501c3Grant for Innovation in Open Payments$404,000
The Keyes Collective Dba Black Artist CollectiveLos Angeles, CA-Grant for Innovation in Open Payments$125,000
Clink Media IncAustin, TX-Grant for Innovation in Open Payments$100,000
Elementari LLCMesa, AZ-Grant for Innovation in Open Payments$100,000
Ghost in the Machine Dba Snake NationBlue Ridge, GA-Grant for Innovation in Open Payments$100,000
Itadi LLCLos Angeles, CA-Grant for Innovation in Open Payments$100,000
Soul in the Horn Enterprise LLCNew York, NY-Grant for Innovation in Open Payments$100,000
The Brick House Cooperative LLCCleveland, OH-Grant for Innovation in Open Payments$100,000
The Itme CorporationOakland, CA-Grant for Innovation in Open Payments$100,000
A Digital LLCNew York, NY-Grant for Innovation in Open Payments$90,000
Bad Idea Factory LLCElkins Park, PA-Grant for Innovation in Open Payments$85,900
Prx IncCambridge, MA-Grant for Innovation in Open Payments$83,875
Call & Response LLCBaltimore, MD-Grant for Innovation in Open Payments$80,000
Reductress Media LLCBrooklyn, NY-Grant for Innovation in Open Payments$80,000
Mg SocialHollister, CA-Grant for Innovation in Open Payments$79,000
Black Tattoo AnthologyHyattsville, MD-Grant for Innovation in Open Payments$50,783
Big Bad Con IncOakland, CA-Grant for Innovation in Open Payments$50,000
Free Code Camp IncPlano, TX-Grant for Innovation in Open Payments$50,000
Surface Dweller Studios LLCSacramento, CA501c3Grant for Innovation in Open Payments$48,975
Copia InstituteRedwood City, CA-Grant for Innovation in Open Payments$36,000
California Western School of LawSan Diego, CA-Grant for Innovation in Open Payments$20,000
Flat Squirrel ProductionsHartsdale, NY-Grant for Innovation in Open Payments$11,410

International Summary

Offices
0
Employees
1
Spending
$9,231,068

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Investments-00$7,654,000
Europe (including Iceland & Greenland)Grants to Recipients-00$721,380
South AmericaGrants to Recipients-00$320,920
East Asia and the PacificGrants to Recipients-00$184,468
Sub-saharan AfricaGrants to Recipients-00$123,000
North AmericaGrants to Recipients-01$103,000
South AsiaGrants to Recipients-00$74,300
Middle East and North AfricaGrants to Recipients-00$50,000
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
Yes
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 B, Line 15A

“An independent compensation review was conducted for the executive director's salary.”

Form 990, Part VI, Section C, Line 19

“Interledger foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Interledger Foundation
EIN
84-2364885
Phone
2018628453
Address
785 MARKET STREET 900, SAN FRANCISCO, CA 94103

Signing Officer

Name
Briana Marbury
Title
Executive Director
Phone
2018628453
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Briana Marbury
Formed
2019
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
5

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 has a canadian tax number and one canadian hire. Interledger foundation is the employer of record, however the employee's payroll and t4 are processed through the professional employer organization, peo canada.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment fees included in part ix line 11f -452,578.”

Raw XML AppendixShowing 400 of 1,005 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt060469
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0115580
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/FundraisingAmt0209
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0628
IRS990/AdvertisingGrp/ProgramServicesAmt0167988
IRS990/AdvertisingGrp/TotalAmt0168825
IRS990/AllOtherContributionsAmt0129145759
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0539
IRS990/AllOtherExpensesGrp/TotalAmt0539
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRIANA MARBURY
IRS990/BooksInCareOfDetail/PhoneNum02018628453
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0785 MARKET STREET STE 900
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN FRANCISCO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094103
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0779223
IRS990/CashNonInterestBearingGrp/EOYAmt02946466
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt09698
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt032020
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0166874
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0208592
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt01250
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03750
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt020000
IRS990/ConferencesMeetingsGrp/TotalAmt025000
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0139946
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0401 EDGEWATER PLACE STE 600
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0WAKEFIELD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd001880
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0VIRTUAL INC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0129145759
IRS990/CYGrantsAndSimilarPaidAmt03958849
IRS990/CYInvestmentIncomeAmt0-17343311
IRS990/CYOtherExpensesAmt01334835
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0105756075
IRS990/CYSalariesCompEmpBnftPaidAmt0752689
IRS990/CYTotalExpensesAmt06046373
IRS990/CYTotalFundraisingExpenseAmt024283
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0111802448
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt0250000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt022
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt067
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0358
IRS990/DepreciationDepletionGrp/TotalAmt0447
IRS990/Desc0INTERLEDGER WORKS TO BROADEN THE DIVERSITY OF VOICES IN THE TECH ECOSYSTEM BY USING THE INTERLEDGER PROTOCOL (ILP) TO POWER A CURRENCY-AGNOSTIC PAYMENTS NETWORK AS A DRIVER FOR DIGITAL FINANCIAL INCLUSION. INTERLEDGER HAD THE FOLLOWING ACCOMPLISHMENTS IN 2021: IN OUR GRANT MAKING WE FUNDED 60 PROJECTS IN 23 COUNTRIES WHILE EXPANDING THE PROGRAM AREAS THAT WE FUND. IN ADDITION, WE LED THE COMMUNITY, ECOSYSTEM AND PARTNERS TOWARDS ADVANCING THE FUNCTIONALITY OF THE INTERLEDGER PROTOCOL. FINALLY WE CONTINUED TO BUILD OUR ORGANIZATIONAL CAPACITY TO BETTER ACHIEVE OUR MISSION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt06378307
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04959547
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt063000
IRS990/FeesForServicesAccountingGrp/TotalAmt063000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt086251
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt086251
IRS990/FeesForServicesLegalGrp/TotalAmt0172502
IRS990/FeesForServicesOtherGrp/FundraisingAmt03792
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09717
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt051780
IRS990/FeesForServicesOtherGrp/TotalAmt065289
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0452578
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0452578
IRS990/ForeignActivitiesInd01
IRS990/ForeignCountryCd0SZ
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignGrantsGrp/ProgramServicesAmt01577068
IRS990/ForeignGrantsGrp/TotalAmt01577068
IRS990/ForeignOfficeInd01
IRS990/Form8282FiledCnt03
IRS990/Form8282PropertyDisposedOfInd01
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt510.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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/OtherCompensationAmt63592
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt73870
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt817
IRS990/Form990PartVIISectionAGrp/PersonNm0STEFAN THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm1EVAN SCHWARTZ
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRIS LARSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3KONSTANTIN PERIC
IRS990/Form990PartVIISectionAGrp/PersonNm4MAHA BAHOU
IRS990/Form990PartVIISectionAGrp/PersonNm5GARY MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIANA MARBURY
IRS990/Form990PartVIISectionAGrp/PersonNm7ERIKA DRUSHKA
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRIS LAWRENCE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6205000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7150000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8150000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SENIOR DIRECTOR OF PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt8SENIOR DIRECTOR OF PROGRAMS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-17364595
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt03958849
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt01860334
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0384838
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0384838
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01996943
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01996943
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt081060405
IRS990/GrossReceiptsAmt0210227448
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt06888
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt020666
IRS990/InformationTechnologyGrp/ProgramServicesAmt0110218
IRS990/InformationTechnologyGrp/TotalAmt0137772
IRS990/InsuranceGrp/FundraisingAmt0491
IRS990/InsuranceGrp/ManagementAndGeneralAmt01471
IRS990/InsuranceGrp/ProgramServicesAmt07846
IRS990/InsuranceGrp/TotalAmt09808
IRS990/InvestmentIncomeGrp/ExclusionAmt021284
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021284
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07654000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt024170773
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0447
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013155
IRS990/LandBldgEquipCostOrOtherBssAmt013602
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt098425000
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt08372754
IRS990/NetAssetsOrFundBalancesEOYAmt0100377422
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-17364595
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-17364595
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-13751407
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08372754
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt093999115
IRS990/NoncashContributionsAmt0129145759
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0517
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010600
IRS990/OfficeExpensesGrp/ProgramServicesAmt0218548
IRS990/OfficeExpensesGrp/TotalAmt0229665
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt016217
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0518
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020037
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016063
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036618
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0343249
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0133970
IRS990/OtherSalariesAndWagesGrp/TotalAmt0477219
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0428
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016558
IRS990/PayrollTaxesGrp/ProgramServicesAmt013274
IRS990/PayrollTaxesGrp/TotalAmt030260
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06599
IRS990/PrincipalOfficerNm0BRIANA MARBURY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08654000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0520
IRS990/PYOtherExpensesAmt0256691
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt08128589
IRS990/PYSalariesCompEmpBnftPaidAmt0269240
IRS990/PYTotalExpensesAmt0525931
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08654520
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0105756075
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075450126
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: 83,319,817 SHS XRP DATE: 05/03/21 AMOUNT: XXX-XX-XXXX. DESCRIPTION: 10,000 SHARES RIPPLE LUXEMBOURG SA DATE: 03/04/20 AMOUNT: 7654000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ALL OF THE ORGANIZATION'S CONTRIBUTIONS IN 2021 WERE CONSIDERED UNUSUAL GRANTS. THE TOTAL GRANTS FOR THE PUBLIC SUPPORT TEST IN THE 2021 COLUMN IS ZERO, HOWEVER, DUE TO SOFTWARE RESTRICTIONS, A VALUE IS REQUIRED TO BE INPUT ON LINE 1. ACCORDINGLY, THE ORGANIZATION HAS REPORTED $1 IN CONTRIBUTION REVENUE ON LINE 1.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II LINE 1
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0250000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01250001
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0520
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021804
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0525437
IRS990ScheduleA/SubstantialContributorsTotAmt0724564
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01000000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0250000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01250001
IRS990ScheduleA/TotalSupportAmt01271805
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt013155
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0447
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013602
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0452578
IRS990ScheduleD/ExpensesSubtotalAmt05593795
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0452578
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-13751407
IRS990ScheduleD/OtherRevenueAmt0-452578
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt016516773
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17654000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CRYPTOCURRENCY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN RIPPLE LUXEMBOURG, SA
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0-14203985
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0111802448
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT FEES INCLUDED IN PART IX LINE 11F -452,578.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013155
IRS990ScheduleD/TotalBookValueSecuritiesAmt024170773
IRS990ScheduleD/TotalExpensesPerForm990Amt06046373
IRS990ScheduleD/TotalRevenuePerForm990Amt0111802448
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt097598463
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05593795
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt31
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt70
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt70
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0184468
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1721380
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt274300
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3103000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt4320920
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt5123000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt650000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt77654000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4SOUTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt6MIDDLE EAST AND NORTH AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt7EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt6GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt7INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,603,336
Liabilities
$2,225,914
Net assets
$100,377,422
Revenue
$111,802,448
Expenses
$6,046,373
Net income
$105,756,075
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
2021Detailed filing. Detailed filing 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
2019Summary only. Only limited summary data is available for this year.$0.25$0.01$0.24$0.25$0.01$0.24