NonprofitsOpen Sats Initiative Inc

Community Improvement & Capacity Building

Open Sats Initiative Inc

PUNTA GORDA, FL

Total revenue

$28.8M

Total expenses

$9.9M

Net assets

$51.3M

Grants received

$33.6M

10 grants

EIN

852722249

Tax year

2024

Mission

To help support and maintain a sustainable ecosystem of funding for free and open source projects and contributors, especially bitcoin related projects and projects which help bitcoin flourish.

Financials

FY 2024

Revenue

Contributions & grants$24.3M
Program service revenue
Investment income$4.5M
Other revenue
Total revenue$28.8M

Expenses

Grants paid$9.4M
Salaries & benefits
Fundraising
Other expenses$522K
Total expenses$9.9M
Total assets$51.3M
Net assets$51.3M

People

11 listed

NameRoleCompensation

CHRONOLOGY UNIPESSOAL LDA

OFFICER

Board

$223K

40 hrs/wk

FREEDOM TECH LLC

DIRECTOR

Board

2 hrs/wk

BIGREBASE LLC

DIRECTOR

Board

2 hrs/wk

NECESSARY TROUBLE LLC

DIRECTOR

Board

2 hrs/wk

FULL DISCLOSURE LLC

DIRECTOR

Board

2 hrs/wk

IB CYPHERUST LLC

DIRECTOR

Board

2 hrs/wk

ORANGE COIN GOOD LLC

DIRECTOR

Board

2 hrs/wk

X0F CORP

DIRECTOR

Board

2 hrs/wk

INNOCUOUS WIDGETS LLC

DIRECTOR

Board

2 hrs/wk

BENJAMIN PRICE

OFFICER

Board

10 hrs/wk

STAY HUMBLE LLC

DIRECTOR

Board

2 hrs/wk

Independent contractors

CHRONOLOGY UNIPESSOAL LDA

CONSULTING SERVICES

$223K

Grants received

Showing 10 of 10

FromAmountPurposeYear
$250K
BITCOIN DEVELOPMENT FUND
2024
$3K
TO SUPPORT THE MISSION TO SUPPORT AND MAINTAIN A SUSTAINABLE ECOSYSTEM OF FUNDING FOR FREE AND OPEN-SOURCE PROJECTS AND CONTRIBUTORS, ESPECIALLY BITCOIN-RELATED PROJECTS AND PROJECTS THAT HELP BITCOIN FLOURISH.
2024
$21.0M
For grant recipient's exempt purposes
2023
$1.0M
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$1K
Support and maintain a sustainable ecosystem of funding for free and open-source projects and contributors. Open Sats Initiative Inc. is a 501c non-profit organization.
2023
$11.3M
For grant recipient's exempt purposes
2022

Funded by

$33.6M from 7 funders · 10 grants · 2022–2024

Fidelity Investments Charitable Gift Fund

$32.3M · 2 grants · 2022–2023

Human Rights Foundation Inc

$250K · 1 grant · 2024

American Online Giving Foundation Inc

$28K · 3 grants · 2022–2024

Team Alexander Family Foundation

$3K · 1 grant · 2024

Empower Foundation

$1K · 1 grant · 2023

Details

EIN852722249
NTEE codeS01
Subsection03
Ruling date2021-12
Formed2020
Employees0
Volunteers0
OPEN SATS INITIATIVE INC — Mission, Financials & Grants Received | Grantivo