Ethstaker INC EIN 99-1613797

Ethstaker INC

EIN  99-1613797 Membership association Madison, WI Founded 2024
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Educates and supports Ethereum stakers to maximize network decentralization.
Leadership
Sam Coffey · Secretary · $4K
Money in and out
$676K revenue, $371K expenses
Bottom line
+45% operating surplus

Educates and supports Ethereum stakers to maximize network decentralization. For fiscal year 2025 it reported $676K in revenue, $371K in expenses, and $918K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$676K
Pt VIII · Ln 12
Total expenses
$371K
Pt IX · Ln 25
Net assets
$918K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $305K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Operating surplus
+45%
revenue over expenses▼ -55% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
1%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$676K
FY2025▲ +10%
Expenses
$371K
FY2025▲ ×4696
Total assets
$922K
FY2025▲ +50%
Total liabilities
$4K
FY2025
Total revenue
$676K
Pt VIII · Ln 12
Total expenses
$371K
Pt IX · Ln 25
Net assets
$918K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$305K
Total assetsPt X · Ln 16$922K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $344K of program spending, described in the organization's own filed words · FY2025.
01

Hosted the Staking Gathering, a dedicated event for the staking community, an EthClient Summit event for client developers, and ran a 6-day node operator hub at the Ethereum Devconnect conference in Buenos Aires Conducted the 2025 Staking Survey of staking node operators and published the results for the industry Audited our open source…

$344Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEthstaker INC
EINHdr · item D99-1613797
Principal addressHdr · item CMadison, WI
WebsiteHdr · item Jethstaker.org
Year of formationHdr · item L2024
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFDec 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$4,500Pt VII · Sec A
$0Pt VII · Sec A

Sam Coffey’s $4K as Secretary is at the 2nd percentile of top reported officer pay among 2165 $100K–1M human services 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.

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Statement of Revenue

Part VIII
Contributions & grants104%$702K
Total revenueLn 12$676K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$344K
Management & general7%$27K
Total functional expensesLn 25$371K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$922K
Total liabilitiesLn 26$4K
Total net assetsLn 32$918K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14K · Operating expenses (Pt IX) $371K · Less non-cash grants $692K · Cash operating expenses/yr $-321K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $344K · Total expenses $371K
93%
Management & General
Management & general $27K · Total expenses $371K
7%
Fundraising
Fundraising $0 · Total expenses $371K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $657K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $702K · Total revenue $676K
104%
Government reliance
Government grants — · Total revenue $676K
Earned-income share
Program service revenue $0 · Total revenue $676K
0%
Investment reliance
Investment income $-26K · Total revenue $676K
-4%
Program self-sufficiency
Program service revenue $0 · Total expenses $371K
0%
Growth & trend
Revenue growth (YoY)
This year $676K · Prior year $613K
+10%
Net-asset trend (YoY)
End of year $918K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $676K · Expenses $371K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $922K
Net-asset ratio
Net assets $918K · Total assets $922K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $922K
0%
People & payroll
Highest Reported Total Compensation
Individual Sam Coffey · Reported title Secretary · Highest reported compensation $4K · Total expenses $371K
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5K · Total expenses $371K
1%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Revenue growth 10%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$676K revenue · viewing · ⤓ 990 PDF
FY2024$613K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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