Democracy Earth Foundation EIN 37-1776296 Form 990 (PDF) Claim this org

Democracy Earth Foundation

Not yet claimed Claim this org →

Develops free software for censorship-resistant online democracies and decentralized organizations. For fiscal year 2021 it reported $70K in revenue, in expenses, and $52K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
New York, NY
Website
www.democracy.earth
Filings
2 on file (2020–2021)
Revenue
$70KFY2021
Expenses
Net assets
$52K
People
3
Filings
2
Updates
0
More identity details & actions ⌄
EIN  37-1776296 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Democracy Earth Foundation claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Develops free software for censorship-resistant online democracies and decentralized organizations.
Leadership
Santiago Siri · President
Money in and out
$70K revenue
Bottom line
3.5mo operating runway
Where the money goes · FY2021
Total revenue
$70K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$52K
Pt X · Ln 32
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+79%
revenue over expenses, this year▲ +7% vs prior filing year
Donor-funded
10%
of revenue is gifts & grants▼ -90% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990-EZ
Revenue
$70K
FY2021▼ -78%
Total revenue
$70K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$52K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19
Total assetsPt X · Ln 16
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDemocracy Earth Foundation
EINHdr · item D37-1776296
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.democracy.earth
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B02)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Santiago Siri’s $31K as President is at the 76th percentile of top reported officer pay among 144 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Democracy Earth Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $85K of program spending, described in the organization's own filed words · FY2020.
01

Proof of Humanity

Democracy earth foundation is a co-founder of the proof of humanity project that builds a decentralized index of human identities using smart contracts. Submitters have to create an online video of themselves stating that they certify they are real humans and arent registered in the system.

$42Kprogram expense
02

Universal Basic Income (ubi)

Democracy earth foundation worked on the development of a universal basic income smart contract that works as a utility that helps every human registered via proof of humanity to accrue tokens over time. Ubi works as an ethereum compatible token and can be used to make all kinds of blockchain-enabled transactions.

$32Kprogram expense
03

Democratic Distributed Autonomous Organizations (dao)

Democracy earth foundation built the first democratic dao on ethereum by combining proof of humanity and voting solutions like snapshot that allow participants to cast votes. Thanks to the integration with proof of humanity, the system is very hard to game with false identities.

$11Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Other revenue100%$70K
Total revenueLn 12$70K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16
Total liabilitiesLn 26$0
Total net assetsLn 32$52K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4K · Operating expenses/yr $15K
3.5 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $7K · Total revenue $70K
10%
Government reliance
not reported
Earned-income share
Program service revenue $63K · Total revenue $70K
90%
Investment reliance
Investment income — · Total revenue $70K
Program self-sufficiency
Program service revenue $63K · Total expenses $15K
424%
Growth & trend
Revenue growth (YoY)
This year $70K · Prior year $323K
-78%
Net-asset trend (YoY)
End of year $52K · Beginning of year $-57K
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $70K · Expenses $15K
+79%
Liabilities-to-Assets
Total liabilities $0 · Total assets $52K
0%
Net-asset ratio
Net assets $52K · Total assets $52K
100%
People & payroll
Highest Reported Total Compensation
Individual Santiago Siri · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $15K
0%
Personnel share
Salaries & benefits — · Total expenses $15K
Form 990-EZ bundles compensation — not comparable to full-990 filers
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -78%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

Similar Organizations

Closest in mission — by what they do
See all organizations like Democracy Earth Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$70K revenue · viewing · ⤓ 990 PDF
FY2020$323K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.