Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $2.0M paid to officers and key staff.
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
Educates the public on cryptography and zero-knowledge proofs for decentralized technologies.
Questions for Aleo Network Foundation
Your first name shows with your question. Aleo Network Foundation answers here, for everyone.
Promoting awareness of open-source toolkits that leverage this technology encouraging related training fostering an open-source ecosystem of related technologies and funding grants that help promote or leverage this technology. Launched a blockchain network during the period to further the mission of open-source development.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.0M | $22.6M |
| InvestmentsLn 11–13 | $12.0M | $25.9M |
| Land, buildings, equipmentLn 10c | $59K | |
| Total assetsLn 16 | $17.0M | $64.9M |
| LiabilitiesLn 26 | $17.0M | $2.2M |
| Net assetsLn 32 | $31K | $62.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $7.0M | $7.0M | ||
| Grants to domestic individualsLn 2 | $34K | $34K | ||
| Grants and assistance to foreign recipientsLn 3 | $24.2M | $24.2M | ||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $2.0M | $153K | $1.2M | $613K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $2.9M | $224K | $1.8M | $894K |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $240K | $18K | $152K | $70K |
| Payroll taxesLn 10 | $314K | $24K | $193K | $97K |
| Management feesLn 11a | $2.1M | $2.1M | ||
| Legal feesLn 11b | $789K | $789K | ||
| Accounting feesLn 11c | $116K | $116K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $406K | $406K | ||
| Other fees for servicesLn 11g | $3.4M | $2.8M | $21K | $586K |
| Advertising and promotionLn 12 | $150.8M | $148.0M | $2.7M | |
| Office expensesLn 13 | $80K | $80K | ||
| Information technologyLn 14 | $1.0M | $1.0M | ||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $411K | $411K | ||
| TravelLn 17 | $744K | $372K | $372K | |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $642K | $2K | $640K | |
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $12K | $12K | ||
| InsuranceLn 23 | $362K | $2K | $354K | $6K |
| Other expenses (24a–d)Ln 24 | $263K | $750 | $262K | |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $197.8M | $182.6M | $9.2M | $6.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Jul 21, 2025 | $260.5M | $197.8M | $62.7M | $62.7M | 990 PDF |
| FY2023Filed with the IRS May 14, 2024 | $31K | $49 | $31K | $31K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $260,535,815 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, no flags
Part VIII · Statement of revenue $260,535,815 across 10 lines filed
Part IX · Statement of functional expenses $197,837,814 across 31 lines filed
Part X · Balance sheet $64,885,525 assets, 19 lines filed
Part XI · Reconciliation of net assets $62,729,183 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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