Ethstaker INC EIN 99-1613797 Form 990 (PDF) Claim this org

Ethstaker INC FY2024 filing

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Educates and supports Ethereum stakers to maximize network decentralization. For fiscal year 2024 it reported $613K in revenue, $79 in expenses, and $613K in net assets.Pt I

Founded
2024
Type
Membership association · Human Services
Location
Madison, WI
Website
ethstaker.org
Filings
2 on file (2024–2024)
Revenue
$613KFY2024
Expenses
$79
Net assets
$613K
People
2
Filings
2
Updates
0
More identity details & actions ⌄
EIN  99-1613797 Membership association Madison, WI Founded 2024
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Educates and supports Ethereum stakers to maximize network decentralization.
Leadership
Kayleen Fulton · President
Money in and out
$613K revenue, $79 expenses
Bottom line
+100% operating surplus
Membership & operating revenue · FY2024
Total revenue
$613K
Pt VIII · Ln 12
Total expenses
$79
Pt IX · Ln 25
Net assets
$613K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $613K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+100%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$613K
FY2024
Expenses
$79
FY2024
Total assets
$613K
FY2024
Total liabilities
$0
FY2024
Total revenue
$613K
Pt VIII · Ln 12
Total expenses
$79
Pt IX · Ln 25
Net assets
$613K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$613K
Total assetsPt X · Ln 16$613K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending

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
$0Pt VII · Sec A
Secretary
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $79 of program spending, described in the organization's own filed words · FY2024.
01

- Led a 4-day summit for node operators at Ethereum's largest conference, Devcon 2024 - Led a track of presentations at the Ethereum Community Conference in Brussels - Conducted an extensive survey of node operators and published data for the industry - Developed and released open source staking-related software - Supported the Ethereum…

$79program expense

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Statement of Revenue

Part VIII
Contributions & grants100%$613K
Total revenueLn 12$613K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$79
Total functional expensesLn 25$79

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$613K
Total liabilitiesLn 26$0
Total net assetsLn 32$613K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses (Pt IX) $79 · Less non-cash grants $613K · Cash operating expenses/yr $-613K
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 $79 · Total expenses $79
100%
Management & General
Management & general $0 · Total expenses $79
0%
Fundraising
Fundraising $0 · Total expenses $79
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $613K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $613K · Total revenue $613K
100%
Government reliance
Government grants — · Total revenue $613K
Earned-income share
Program service revenue $0 · Total revenue $613K
0%
Investment reliance
Investment income $-3 · Total revenue $613K
>-0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $79
0%
Growth & trend
Revenue growth (YoY)
This year $613K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $613K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $613K · Expenses $79
+100%
Liabilities-to-Assets
Total liabilities — · Total assets $613K
Net-asset ratio
Net assets $613K · Total assets $613K
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) $613K
0%
People & payroll
Highest Reported Total Compensation
Individual Kayleen Fulton · Reported title President · Highest reported compensation $0 · Total expenses $79
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $79
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · ⤓ 990 PDF
FY2024$613K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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