Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
66 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
5 people listed on the 990; $687K paid to officers and key staff.
Nate Maninger’s $305K as President/Core Developer is at the 24th percentile of top reported officer pay among 139 $10–100M 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 |
|---|---|---|---|---|
| Nate Maninger | $305,000 | — | — | — |
| Luke Champine | $250,836 | $262,526 | $191,698 | $133,302 |
| Alex Freska | $253,565 | — | — | — |
| Nathaniel Maninger | — | $244,842 | $158,833 | — |
| Alexander Freska | — | $224,630 | — | — |
| Frances Lu | $199,921 | $184,791 | $146,740 | — |
| Steve Funk | $195,652 | — | — | — |
| Alexendar Freska | — | — | $189,676 | — |
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 stewards a decentralized, peer-to-peer cloud storage marketplace.
Questions for Sia Foundation INC
Your first name shows with your question. Sia Foundation INC answers here, for everyone.
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Protocol
The Sia Foundation exists to strengthen the Sia protocol through research and development by funding developers and other protocol needs.
Grants Program
Program dedicated to funding research, development, developer tools, and anything else that will support and further our mission of user-owned data.
Community
Program dedicated to education and outreach to educate people on Sia, our mission of user-owned data, and the importance of decentralized cloud storage.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.3M | $16.2M |
| Land, buildings, equipmentLn 10c | $6K | $4K |
| Total assetsLn 16 | $41.2M | $28.8M |
| LiabilitiesLn 26 | $2K | $2K |
| Net assetsLn 32 | $41.2M | $28.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $339K | $339K | ||
| Grants and assistance to foreign recipientsLn 3 | $22K | $22K | ||
| Pay of current officers, directors and key staffLn 5 | $213K | $125K | $87K | |
| Other salaries and wagesLn 7 | $648K | $382K | $266K | |
| Pension plan contributionsLn 8 | $24K | $14K | $10K | |
| Other employee benefitsLn 9 | $40K | $24K | $16K | |
| Payroll taxesLn 10 | $63K | $37K | $26K | |
| Legal feesLn 11b | $226K | $198K | $28K | |
| Accounting feesLn 11c | $36K | $36K | ||
| Other fees for servicesLn 11g | $524K | $275K | $250K | |
| Office expensesLn 13 | $42K | $29K | $13K | |
| Information technologyLn 14 | $76K | $48K | $28K | |
| TravelLn 17 | $21K | $21K | ||
| Conferences, conventions and meetingsLn 19 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $26K | $26K | ||
| Total functional expensesLn 25 | $2.3M | $1.5M | $795K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $12.3M | $4.8M | $7.5M | $42.5M | 990 PDF |
| FY2023 | $6.8M | $3.4M | $3.4M | $42.6M | 990 PDF |
| FY2022 Viewing | $2.1M | $2.3M | −$256K | $28.8M | 990 PDF |
| FY2021 | $45.8M | $771K | $45.0M | $41.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $2,052,332 revenue, 12 lines filed
Part VI · Governance 0 of 2 board members independent, no flags
Part VIII · Statement of revenue $2,052,332 across 6 lines filed
Part IX · Statement of functional expenses $2,308,103 across 17 lines filed
Part X · Balance sheet $28,791,779 assets, 11 lines filed
Part XI · Reconciliation of net assets $28,789,498 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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