Overview
What is Zcash Foundation?
The Zcash Foundation is a McLean, Virginia-based nonprofit organization dedicated to building financial privacy infrastructure for public use, primarily centered around the Zcash protocol and blockchain. This foundation is governed by a technology advisory board, Zcash Community Grants (ZCG), consisting of five members chosen by the Zcash Community Advisory Panel (ZCAP) through open elections. ZCG's activities are funded via the Dev Fund outlined in ZIP 1014. The mission of the Zcash Foundation is to ensure the longevity and enhancement of open financial networks, enabling individuals to safeguard their privacy with their preferred methods. Although the primary focus is on the Zcash ecosystem, the foundation extends its support to zero knowledge proofs and other financial privacy applications.
Official website here: www.zfnd.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91%, Four-Star out of Four Star rating.
The Zcash Foundation has received a high rating of 91%, reflecting strong performance in accountability and finance, alongside exemplary leadership and adaptability. With an impressive score of 90% for accountability, the foundation demonstrates a commitment to transparency, featuring an independent board and robust policies to prevent conflicts of interest and ensure responsible asset management.
The organization scores exceptionally in program expense efficiency, with nearly 89% of its expenditures directed towards its programs. Its fundraising efficiency is remarkably low, indicating that it effectively minimizes costs associated with fundraising efforts. This financial prudence is complemented by a substantial working capital ratio, ensuring the foundation's financial health and sustainability over the long term.
Leadership and adaptability are hallmarks of the Zcash Foundation, earning a perfect score of 100% in this category. The foundation has set strategic goals that include the launch of new initiatives and a commitment to leadership development, showcasing its proactive approach to evolving within the nonprofit space. Overall, while the organization shows strong metrics and goals, ongoing monitoring of its adaptability to external changes will be essential for continued success.
This AI summary has been generated from information found on Charity Navigator.
Is Zcash Foundation legitimate?
Zcash Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zcash 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $477,805
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,089
For more financial information, click here
Official website here: www.zfnd.org
What is the mission statement of Zcash Foundation?
The Zcash Foundation is dedicated to creating financial privacy infrastructure for the benefit of the public, primarily serving users of the Zcash protocol and blockchain. The foundation's mission is to support the development and enhancement of open financial networks, enabling individuals to protect their privacy on their own terms. While the primary focus is on the Zcash protocol and blockchain, the foundation also explores broader applications of zero-knowledge proofs and other financial privacy approaches. The Zcash Community Grants (ZCG), a technology advisory board of the Zcash Foundation, is responsible for granting funds to projects that align with this mission. These grants are chosen by a committee elected through the Zcash Community Advisory Panel (ZCAP), and their activities are funded through the Dev Fund outlined in ZIP 1014.
Official website here: www.zfnd.org
Who is the CEO of Zcash Foundation?
Andrew Miller is the Chairman/Treasurer of Zcash Foundation.
Official website here: www.zfnd.org
What is the revenue of Zcash Foundation?
Zcash Foundation's revenue in 2022 was $12,972,220.
Official website here: www.zfnd.org
Who are the executives of Zcash Foundation and what are their salaries?
The average compensation at Zcash Foundation during 2022 was $122,112. There are 8 employees at Zcash Foundation.
Here are 11 key members and their salaries:
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- Compensation: $215,585
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- Compensation: $324,933
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- Other: $8,700
- Compensation: $121,401
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- Other: $8,557
Official website here: www.zfnd.org
Where can I find the form 990 for Zcash Foundation?
Zcash Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.zfnd.org
Learn more at the official website: www.zfnd.org
Mission Statement of Zcash Foundation
The Zcash Foundation is a leading organization dedicated to constructing private financial infrastructure for the public benefit, predominantly catering to users of the Zcash protocol and blockchain. This nonprofit entity's mission revolves around fostering and enhancing open financial networks that enable individuals to safeguard their privacy on their own terms. Although the Zcash Foundation primarily focuses on the Zcash protocol and blockchain, it also extends its support to broader applications of zero knowledge proofs and other methods for financial privacy.
In simple terms, the Zcash Foundation aims to create an environment where everyone can protect their financial privacy, giving them the freedom and control they deserve. The organization's primary objective is to ensure that the Zcash protocol and blockchain continue to thrive and adapt to the evolving needs of the digital finance landscape. Moreover, the Zcash Foundation advocates for and invests in research and development that pushes the boundaries of financial privacy technologies.
Additionally, the Zcash Foundation operates the Zcash Community Grants (ZCG), a technology advisory board that makes funding decisions based on the recommendations of the Zcash Community Advisory Panel (ZCAP) in an open election. The ZCG committee, comprised of five members, is responsible for selecting grants to support various projects that align with the Zcash Foundation's mission and objectives. The foundation's funding for these activities comes from the Dev Fund mentioned in ZIP 1014.
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Impact
October, 2024
Zcash Foundation plays a vital role in enhancing financial privacy infrastructure, particularly through the development and support of the Zcash protocol and blockchain. By focusing on user empowerment, the foundation strives to ensure that individuals can manage their privacy on their own terms.
One of its key initiatives is the Zcash Community Grants (ZCG), a technology advisory board that channels funding into projects aligned with its mission. Grants are thoughtfully selected by a committee, fostering community involvement in the decision-making process. This democratic approach not only promotes transparency but also encourages innovative projects that enhance the functionality and awareness of Zcash while supporting broader applications of zero knowledge proofs.
Overall, the Zcash Foundation's impact is felt through its commitment to sustaining and improving open financial networks, ensuring users have robust tools for privacy, and fostering a community-centric development model that prioritizes public good.
This information is meant to be a general summary of Zcash 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: -$1,988,177
- Program Service Revenue: $20,979
- Gross Receipts: $14,964,459
Assets and Liabilities:
- Total Assets: $21,828,619
- Total Liabilities: $215,254
- Net Assets: $21,613,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Meeting Registration
Revenue
$20,979
Organization Details
Founding Year
2017
Phone
(571) 418-5390Principal Officer
Andrew Miller
Main Address
1390 Chain Bridge Road A132, McLean, VA, 22101
Website
www.zfnd.orgNTEE Category
Code: U99 - Science research
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