Web3 Policy Nfp

IRS exemption revoked

Chicago, IL501(c)(3)Public & Societal BenefitEIN 87-4090258

1. Researching the impact of legislation on the functioning of Web3 technologies.2. Educating the public on the costs and benefits of Web3 technologies for different populations.

100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $54K a year · 86% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
74 mo
of spending, in cash
Looks good: 74.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$17K
To programs
100%
Net assets
$108K
By yearFY2021–FY2022
Revenue
$0
FY2022▼ -100%
Revenue by fiscal year
FY2021$125K
FY2022$0
Expenses
$17K
FY2022
Expenses by fiscal year
FY2021$0
FY2022$17K
Net assets
$108K
FY2022▼ -14%
Net assets by fiscal year
FY2021$125K
FY2022$108K

From the FY2022 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Jan 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $17K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Web3 Policy Nfp executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Programs and updates

Researching and educating the public about Web3 technology's impact and implications.

Provided by the organization

This section is blank until Web3 Policy Nfp claims this page.

Know this organization? Claim it to add your story

1 program service account for $17K of program spending, described in the organization's own filed words · FY2022.
01

Documentation of WEB3 policy papers

$17Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$17K
Ln 25
Programscol B$17K
Owns and owesPt X
$108K
net assets · Ln 32
Cash and savingsLn 1–2$108K
Total assetsLn 16$108K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$108K
Cash and savings togetherLn 1–2$108K
Total assetsLn 16$108K
LiabilitiesLn 26$0
Net assetsLn 32$108K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY22End FY22
Cash and savingsLn 1–2$125K$108K
Total assetsLn 16$125K$108K
LiabilitiesLn 26$0$0
Net assetsLn 32$125K$108K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$2K$2K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$12K$12K
Total functional expensesLn 25$17K$17K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $0$17K−$17K$108K 990 PDF
FY2021 $125K$0$125K$125K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $17,350 across 3 lines filed
IX-11a Management feesPrograms $2,500$2,500
IX-11c Accounting feesPrograms $2,850$2,850
IX-13 Office expensesPrograms $12,000$12,000
IX-25 Total functional expensesPrograms $17,350 · Management $0 · Fundraising $0$17,350
Part X · Balance sheet $107,650 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $125,000$107,650
X-16 Total assetsStart of year $125,000$107,650
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $125,000$107,650
X-32 Total net assets or fund balancesStart of year $125,000$107,650
X-33 Total liabilities and net assetsStart of year $125,000$107,650
Part XI · Reconciliation of net assets $107,650 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$17,350
XI-3 Revenue less expenses−$17,350
XI-4 Net assets at start of year$125,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$107,650

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.