Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
38 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
22 people listed on the 990; $196K paid to officers and key staff.
Heather C Dahl’s $134K as CEO is at the 98th percentile of top reported officer pay among 168 <$100K community development 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.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Builds a global utility for user-controlled internet identity, fostering trust.
Questions for Sovrin Foundation
Your first name shows with your question. Sovrin Foundation answers here, for everyone.
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Network Growth
1. Attended and presented information at many conferences to educate and encourage development and adoption of Sovrin Network.2. Continued to cultivate open source software development community within Linux Foundation's Hyperledger Indy and Ursa.3.
Network 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
Identity for All
1. Developed written resources to assist humanitarian organizations in adopting self-sovereign identity2. Published a paper on Guardianship in SSI3. Provided expert consultation to help the technology industry understand the needs of humanitarian organizations in providing digital identity to those people they serve4.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $222K | $46K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $412K | $60K |
| LiabilitiesLn 26 | $2.2M | $2.1M |
| Net assetsLn 32 | −$1.8M | −$2.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $196K | $122K | $74K | |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $131K | $131K | ||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $9K | $9K | ||
| Payroll taxesLn 10 | $31K | $24K | $7K | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $387K | $22K | $22K | $344K |
| Accounting feesLn 11c | $800 | $800 | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $121K | $52K | $67K | $1K |
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $955 | $955 | ||
| Information technologyLn 14 | $625 | $352 | $273 | |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $42K | $42K | ||
| TravelLn 17 | $15K | $9K | $851 | $5K |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $30K | $235 | $30K | $412 |
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $362 | $24 | $318 | $20 |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $968K | $370K | $247K | $350K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.2M | $63K | $2.1M | $0 | 990 PDF |
| FY2024 | $22K | $110K | −$88K | −$2.1M | 990 PDF |
| FY2023 | $94K | $83K | $10K | −$2.0M | 990 PDF |
| FY2022 | $120K | $106K | $14K | −$2.0M | 990 PDF |
| FY2021 | $91K | $133K | −$43K | −$2.1M | 990 PDF |
| FY2020 Viewing | $777K | $968K | −$190K | −$2.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $777,269 revenue, 12 lines filed
Part VI · Governance 19 of 22 board members independent, 1 to look at
Part VIII · Statement of revenue $777,269 across 9 lines filed
Part IX · Statement of functional expenses $967,632 across 31 lines filed
Part X · Balance sheet $60,001 assets, 19 lines filed
Part XI · Reconciliation of net assets −$2,013,751 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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