Status and standing
Is it real, and can you give to it?
Financial health
Is it on solid ground?
Summary of the Filing
| FY2021 | $1.2M |
|---|---|
| FY2022 | $16.0M |
| FY2023 | $19.4M |
| FY2024 | $37.7M |
| FY2021 | $1.1M |
|---|---|
| FY2022 | $3.2M |
| FY2023 | $2.1M |
| FY2024 | $364K |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Revenue growth | -22% | — | — |
| Legal fee ratio | 7% | — | — |
| Accounting fee ratio | 0.4% | — | — |
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.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Abhay Kumar’s $3.4M as CEO & Board Chair is at the 100th percentile of top reported officer pay among 572 $10–100M 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.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Abhay Kumar | $3,357,672 | $275,000 | $46,591 | — |
| Scott Sigel | $1,405,292 | $296,233 | $345,167 | $75,000 |
| Noah Prince | $1,395,586 | — | — | — |
| Josh Kershner | $967,784 | $272,537 | — | — |
| Bryan Zettler | $623,419 | — | — | — |
| Matthew Thiery | $281,642 | — | — | — |
| Joseph Hiller | $270,909 | — | — | — |
| Sonya Baumstein | $258,952 | — | — | — |
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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Governance & Policies
- 3Voting board membersPt VI · Ln 1a
- 3Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13Yes
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Supports businesses using and developing peer-to-peer wireless networks.
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Where the work happens
The foundation promotes the development of peer-to-peer wireless networks,; educates the public regarding the value of decentralized wireless networks; provides grants to projects that create open source developer tools, network analytics, and education regarding peer-to-peer wireless networks; and creates a framework for businesses…
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Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest | $35.2M | $13.0M | +144% | 990 PDF |
| FY2023 Viewing | $14.4M | $9.4M | -22% | 990 PDF |
| FY2022 | $18.5M | $5.2M | ×67 | 990 PDF |
| FY2021 | $277K | $157K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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