Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 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
8 people listed on the 990; $561K paid to officers and key staff.
Alex Bornstein’s $234K as Chief Operating Officer is at the 72nd percentile of top reported officer pay among 363 $1–10M science & technology 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.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Deirdre Connolly | — | $261,240 | $324,933 | $302,842 | $295,225 |
| Henry De Valence | — | — | — | — | $311,379 |
| George Tankersley | — | — | — | — | $278,968 |
| Jack Gavigan | $201,647 | $273,678 | $256,642 | $142,100 | — |
| Alex Bornstein | $233,500 | $223,167 | $215,585 | $102,217 | — |
| Antonie Hodge | — | — | — | $37,800 | $196,160 |
| Chelsea Komlo | — | — | — | $190,551 | $122,535 |
| Josh Cincinnati | — | — | — | $21,646 | $179,500 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Builds and supports open financial networks for private, on-demand money.
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Zcash Community Grants (ZCG, formerly Zcash Open Major Grants ZOMG) is a technical advisory board that constitutes a committee of the Zcash Foundation, under its bylaws. Grants are chosen by a committee of five members who are chosen by the Zcash Community Advisory Panel (ZCAP) in an open election.
Protocol & Governance
The Zcash protocol and the open network it powers is valuable, privacy-protecting Internet infrastructure; it should be developed and maintained by an open and diverse community of experts and enthusiasts. It is a tool for financial privacy available to the general public.
Frost
FROST (Flexible Round-Optimized Schnorr Threshold) is a cryptographic protocol that enables efficient and secure threshold signing--where only a minimum number of participants are required to generate a valid signature.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.0M | $2.9M |
| InvestmentsLn 11–13 | $10.2M | $19.6M |
| Total assetsLn 16 | $16.2M | $23.4M |
| LiabilitiesLn 26 | $146K | $90K |
| Net assetsLn 32 | $16.0M | $23.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $902K | $902K | ||
| Grants to domestic individualsLn 2 | $499K | $499K | ||
| Grants and assistance to foreign recipientsLn 3 | $3.4M | $3.4M | ||
| Pay of current officers, directors and key staffLn 5 | $447K | $320K | $127K | |
| Other salaries and wagesLn 7 | $474K | $422K | $53K | |
| Pension plan contributionsLn 8 | $18K | $13K | $5K | |
| Other employee benefitsLn 9 | $99K | $84K | $15K | |
| Payroll taxesLn 10 | $42K | $30K | $12K | |
| Legal feesLn 11b | $174K | $3K | $171K | |
| Accounting feesLn 11c | $60K | $60K | ||
| Other fees for servicesLn 11g | $1.4M | $1.4M | $17K | |
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $210K | $103K | $107K | |
| Information technologyLn 14 | $10K | $10K | $320 | |
| TravelLn 17 | $13K | $12K | $445 | |
| Conferences, conventions and meetingsLn 19 | $81K | $78K | $3K | |
| InsuranceLn 23 | $33K | $33K | ||
| Other expenses (24a–d)Ln 24 | $85K | $2K | $83K | |
| Total functional expensesLn 25 | $8.0M | $7.3M | $687K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $3.8M | $8.0M | −$4.2M | $23.3M | 990 PDF |
| FY2023 | $4.7M | $9.9M | −$5.2M | $16.0M | 990 PDF |
| FY2022 | $13.0M | $7.1M | $5.9M | $21.6M | 990 PDF |
| FY2021 | $26.4M | $5.6M | $20.8M | $31.1M | 990 PDF |
| FY2020 | $4.3M | $2.8M | $1.5M | $15.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,769,087 across 6 lines filed
Part IX · Statement of functional expenses $7,952,534 across 18 lines filed
Part X · Balance sheet $23,362,496 assets, 12 lines filed
Part XI · Reconciliation of net assets $23,272,672 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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