Endaoment INC

Tax-deductible

San Francisco, CA501(c)(3)Since 2019Foundations & GrantmakersEIN 84-4661797Revenue $25.5M in FY2024

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The mission of Endaoment is to manage, encourage, and support the charitable giving of crypto assets.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 4 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $1.6M a year · 8% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$504K
to officers and key staff · 2% of spending
Top officer’s pay lower than 89% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $1.8M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$115K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.5M
-35% vs prior year
Spent
$20.4M
To programs
94%
Net assets
$22.2M
By yearFY2020–FY2024
Revenue
$25.5M
FY2024▼ -35%
Revenue by fiscal year
FY2020$132K
FY2022$41.4M
FY2023$1.7M
FY2024$39.4M
FY2024$25.5M
Expenses
$20.4M
FY2024▼ -44%
Expenses by fiscal year
FY2020$44K
FY2022$26.2M
FY2023$13.8M
FY2024$36.3M
FY2024$20.4M
Net assets
$22.2M
FY2024▲ +13%
Net assets by fiscal year
FY2020$88K
FY2022$16.3M
FY2023$4.2M
FY2024$19.6M
FY2024$22.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $19.2M Management & general 3% · $594K Fundraising 3% · $617K

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

9 people listed on the 990; $504K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Operating Officer
$133,498Pt VII · Sec A
Donor Engagement and Strategic Partnerships Lead
$113,972Pt VII · Sec A
Communications & Community
$113,972Pt VII · Sec A
Donor Engagement Producer
$113,896Pt VII · Sec A
$28,566Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Zach Bronstein’s $133K as Chief Operating Officer is at the 11th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Zachary Bronstein—$133,498$139,373$76,167
Zach Bronstein$133,498———
Alexis Miller$113,972———
David Moyer$113,972———
Alexis Schwartz$113,896———
Robert Heeger$28,566$28,566$46,162$7,600

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.

See Endaoment INC executive salaries →

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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

Manages donor-advised funds, including crypto-funded options, to make grants supporting various charitable causes.

Provided by the organization

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1 program · $19.2M · in their own filed words · FY2024
01

In furtherance of its exempt purposes, endaoment plans to create, manage, and make grants from dafs funded by donors to endaoment. In order to allow dafs to be funded with cryptocurrencies, endaoment provides the endaoment individual donor-advised fund: a smart contract-powered donor-advised fund (the "endaoment daf") deployed on the…

$19.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Endaoment INCFY2024$1.4M
Total grants receivedfrom 4 funders$1.8M
See all 4 funders →
Grants paid · 561 grants · $91.9M · 2021–2024
Athanatos World INCCO · FY2024$4,000,000
Dmt QuestCA · FY2024$2,400,000
World Research FoundationAZ · FY2024$2,323,700
Endaoment INCCA · FY2024$1,391,928
The Methodist HospitalTX · FY2024$1,000,000
University of Arizona FoundationAZ · FY2024$1,000,000
Project BackboardCA · FY2024$507,500
Yale UniversityCT · FY2024$500,000
University of RochesterNY · FY2024$500,000
New Heights Youth INCNY · FY2024$250,000
Qualia Research InstituteCA · FY2024$157,551
Institute for Love and TimeCA · FY2024$120,000
See all 561 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$25.5M
Ln 12
Gifts and grantsLn 1h$24.3M
Fees for servicesLn 2g$700K
Investment incomeLn 3$418K
Money outPt IX
$20.4M
Ln 25
Programscol B$19.2M
Managementcol C$594K
Fundraisingcol D$617K
Owns and owesPt X
$22.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$22.3M
LiabilitiesLn 26$115K
PeoplePt VI, VII
9
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24.3M
Noncash giftsLn 1g$24.3M
Fees for servicesLn 2g$700K
Investment incomeLn 3$418K
Other incomeLn 4–11$20
Gains on assetsLn 7$85K
Total revenueLn 12$25.5M
Assets in detailPt X, end of year
CashLn 1$3.3M
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$18.9M
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$0
Total assetsLn 16$22.3M
LiabilitiesLn 26$115K
Net assetsLn 32$22.2M
OperationsPt I, VI
EmployeesI 57
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.5M$3.3M
InvestmentsLn 11–13$17.1M$18.9M
Land, buildings, equipmentLn 10c$7K$9K
Total assetsLn 16$19.6M$22.3M
LiabilitiesLn 26$7K$115K
Net assetsLn 32$19.6M$22.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18.7M$18.7M
Pay of current officers, directors and key staffLn 5$193K$64K$64K$64K
Other salaries and wagesLn 7$479K$160K$160K$160K
Other employee benefitsLn 9$44K$15K$15K$15K
Payroll taxesLn 10$48K$16K$16K$16K
Legal feesLn 11b$15K$8K$8K
Accounting feesLn 11c$112K$37K$37K$37K
Other fees for servicesLn 11g$258K$86K$86K$86K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$9K$5K$5K
Information technologyLn 14$100K$33K$33K$33K
OccupancyLn 16$802$268$267$267
TravelLn 17$54K$27K$27K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$29K$15K$15K
Other expenses (24a–d)Ln 24$309K$86K$111K$111K
All other expensesLn 24e$41K$14K$14K$14K
Total functional expensesLn 25$20.4M$19.2M$594K$617K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $39.4M$36.3M$3.1M$19.6M 990 PDF
FY2023 $1.7M$13.8M−$12.1M$4.2M 990 PDF
FY2022 $41.4M$26.2M$15.2M$16.3M 990 PDF
FY2021 Not on file
FY2020 $132K$44K$88K$88K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $25,451,721 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,879,802$24,333,810
I-9 Program service revenuePrior year $438,540$699,614
I-10 Investment incomePrior year $9,103,525$418,277
I-11 Other revenuePrior year $0$20
I-12 Total revenuePrior year $39,421,867$25,451,721
I-13 Grants and similar amounts paidPrior year $34,818,019$18,679,151
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $633,863$763,163
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $828,720$958,691
I-18 Total expensesPrior year $36,280,602$20,401,005
I-19 Revenue less expensesPrior year $3,141,265$5,050,716
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $25,451,721 across 8 lines filed
VIII-1f All other contributions, gifts and grants$24,333,810
VIII-1g Noncash contributions (included above)$24,333,810
VIII-1h Total contributions, gifts and grants$24,333,810
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $699,614$699,614
VIII-3 Investment incomeExcluded from tax $333,755$333,755
VIII-7 Net gain or loss on sales of assetsExcluded from tax $84,522$84,522
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20$20
VIII-12 Total revenueRelated to mission $699,634 · Unrelated business $0 · Excluded from tax $418,277$25,451,721
Part IX · Statement of functional expenses $20,401,005 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $18,679,151$18,679,151
IX-5 Pay of current officers, directors and key staffPrograms $64,222 · Management $64,222 · Fundraising $64,222$192,666
IX-7 Other salaries and wagesPrograms $159,510 · Management $159,510 · Fundraising $159,510$478,530
IX-9 Other employee benefitsPrograms $14,822 · Management $14,822 · Fundraising $14,822$44,466
IX-10 Payroll taxesPrograms $15,834 · Management $15,834 · Fundraising $15,833$47,501
IX-11b Legal feesManagement $7,633 · Fundraising $7,632$15,265
IX-11c Accounting feesPrograms $37,173 · Management $37,173 · Fundraising $37,173$111,519
IX-11g Other fees for servicesPrograms $86,142 · Management $86,142 · Fundraising $86,142$258,426
IX-12 Advertising and promotionFundraising $26,576$26,576
IX-13 Office expensesManagement $4,655 · Fundraising $4,655$9,310
IX-14 Information technologyPrograms $33,454 · Management $33,454 · Fundraising $33,454$100,362
IX-16 OccupancyPrograms $268 · Management $267 · Fundraising $267$802
IX-17 TravelManagement $26,896 · Fundraising $26,896$53,792
IX-22 Depreciation, depletion and amortizationManagement $3,271$3,271
IX-23 InsuranceManagement $14,677 · Fundraising $14,677$29,354
IX-24 Other expenses (24a–d)Programs $86,287 · Management $111,447 · Fundraising $111,443$309,177
IX-24e All other expensesPrograms $13,613 · Management $13,612 · Fundraising $13,612$40,837
IX-25 Total functional expensesPrograms $19,190,476 · Management $593,615 · Fundraising $616,914$20,401,005
Part X · Balance sheet $22,328,773 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,456,668$3,333,228
X-4 Accounts receivableStart of year $0$5,108
X-9 Prepaid expenses and deferred chargesStart of year $21,547$66,495
X-10c Land, buildings and equipment, netStart of year $7,054$9,335
X-13 Program-related investmentsStart of year $17,112,374$18,914,607
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $19,597,643$22,328,773
X-17 Accounts payable and accrued expensesStart of year $6,890$114,979
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $6,890$114,979
X-27 Net assets without donor restrictionsStart of year $19,590,753$22,213,794
X-32 Total net assets or fund balancesStart of year $19,590,753$22,213,794
X-33 Total liabilities and net assetsStart of year $19,597,643$22,328,773
Part XI · Reconciliation of net assets $22,213,794 net assets at year end
XI-1 Total revenue$25,451,721
XI-2 Total expenses$20,401,005
XI-3 Revenue less expenses$5,050,716
XI-4 Net assets at start of year$19,590,753
XI-5 Net unrealized gains (losses) on investments$67,860
XI-8 Prior period adjustments−$2,495,535
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,213,794

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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