Overview
What is Sovrin Foundation?
Sovrin Foundation is a nonprofit organization situated in Salt Lake City, Utah. Their primary objective is to establish a global public utility, empowering self-sovereign internet identities. By leveraging the Sovrin Network, they facilitate smoother interactions and bolster trust among individuals, organizations, and entities globally. The foundation actively operates the network, overseeing and coordinating activities among the various stewards and nodes. The Sovrin Network allows for ledger write activities, which are billed accordingly. The foundation's aim is to revolutionize digital interactions, fostering a more interconnected and trustworthy digital world.
Official website here: www.sovrin.org
Is Sovrin Foundation legitimate?
Sovrin Foundation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Sovrin Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
Official website here: www.sovrin.org
What is the mission statement of Sovrin Foundation?
The Sovrin Foundation's mission is to establish a global public utility, enabling self-sovereign internet identities. This utility aims to simplify interactions and foster stronger trust among various entities, including individuals, organizations, and things. By providing user-controlled identities, the foundation seeks to streamline interactions and enhance the level of trust in digital transactions.
Official website here: www.sovrin.org
Who is the CEO of Sovrin Foundation?
Stephen Curran is the Trustee/Chair of Sovrin Foundation.
Official website here: www.sovrin.org
What is the revenue of Sovrin Foundation?
Sovrin Foundation's revenue in 2022 was $120,238.
Official website here: www.sovrin.org
Who are the executives of Sovrin Foundation and what are their salaries?
There 300 volunteers at Sovrin Foundation.
Here are 7 key members and their salaries:
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Official website here: www.sovrin.org
Where can I find the form 990 for Sovrin Foundation?
Sovrin Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sovrin.org
Learn more at the official website: www.sovrin.org
Mission Statement of Sovrin Foundation
The Sovrin Foundation, in its mission, seeks to establish a global public utility for self-sovereign internet identities. This utility aims to streamline interactions and foster stronger levels of trust among various individuals, organizations, and entities. By providing user-controlled internet identities, Sovrin Foundation enables more seamless interactions, ultimately leading to enhanced levels of trust among its users.
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Impact
October, 2024
Sovrin Foundation has made a significant impact by establishing a global public utility for self-sovereign internet identity. This framework empowers individuals to control their own digital identities, leading to streamlined interactions and enhanced trust among individuals, organizations, and devices. By developing and operating the Sovrin Network, the foundation has enabled public access to this innovative identity system, facilitating secure and efficient online transactions and communications.
The impact extends beyond individual users, as organizations can leverage this self-sovereign identity model to enhance their operational integrity and consumer trust. The oversight and coordination of network nodes by Sovrin Foundation ensures that the infrastructure remains reliable and effective, fostering a community that prioritizes trust and improved interactions. Overall, the foundation plays a pivotal role in transforming how digital identity is managed, promoting a more trustworthy and user-controlled internet environment.
This information is meant to be a general summary of Sovrin Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2
- Program Service Revenue: $105,442
- Gross Receipts: $120,238
Assets and Liabilities:
- Total Assets: $62,436
- Total Liabilities: $2,104,584
- Net Assets: -$2,042,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ledger Write Fees
Revenue
$105,442
Organization Details
Founding Year
2016
Principal Officer
Stephen Curran
Main Address
170 S Main Street 1000, Salt Lake City, UT, 84101
Website
www.sovrin.orgNTEE Category
Code: S12 - Community improvement
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