Mars Review of Books Foundation

“The organization holds a limited amount of digital assets in the form of Solana (SOL) tokens and three Urbit Star identifiers received as in-kind contributions. In accordance with the organizations accounting policy and to ensure conservative and reliable financial reporting, digital assets are valued using the lower-of-cost-or-market (LCM) method. Solana holdings were recorded at their fair market value as of December 31, 2024. The Urbit Star assets were recorded at their historical contribution value due to the absence of an active, observable market on the valuation date. Other minor Solana-based tokens held in the organizations wallet were determined to have no measurable or readily determinable market value at year-end and were therefore reported at zero under the LCM policy. The amounts reported on the balance sheet reflect this methodology and represent the organizations best estimate of the realizable value of its digital assets in accordance with responsible financial stewardship and nonprofit reporting standards.”

“Accepting crypto donations and managing the treasury thereof. The account had a net loss of about $16,000 due to crypto risks.”

“Nick Simmons, Christopher Catoya, and Weyland Joyner were added to the board. Josh Lehman and Anthony Arroyo were removed from the board.”