Open Sats Initiative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852722249 ✦ Austin, TX ✦ Designated as a 501(c)(3)

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Overview

What is Open Sats Initiative Inc?

Open Sats Initiative Inc is a nonprofit organization situated in Austin, Texas, with an address at 2028 E Ben White Blvd. Their primary mission is to support and sustain a thriving ecosystem for free and open-source projects, particularly those related to Bitcoin. This includes funding for Bitcoin-associated initiatives and projects that contribute to Bitcoin's growth. Beyond financial backing, they also engage in education and research related to Bitcoin and its open-source projects.


Official website here: www.opensats.org/

Is Open Sats Initiative Inc legitimate?

Open Sats Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Sats Initiative Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.opensats.org/

What is the mission statement of Open Sats Initiative Inc?

The Open Sats Initiative Inc. is committed to funding Bitcoin-related free and open-source projects and associated education and research initiatives. Their primary goal is to support and maintain a sustainable ecosystem of funding for such projects and contributors, particularly those that contribute to Bitcoin's growth and prosperity. The organization seeks to play a significant role in nurturing the development of these projects, ensuring their longevity and continued advancement in the Bitcoin community.


Official website here: www.opensats.org/

Who is the CEO of Open Sats Initiative Inc?

Benjamin Price is the Officer And Director of Open Sats Initiative Inc.


Official website here: www.opensats.org/

What is the revenue of Open Sats Initiative Inc?

Open Sats Initiative Inc's revenue in 2022 was $1,793,905.


Official website here: www.opensats.org/

Who are the executives of Open Sats Initiative Inc and what are their salaries?

There 10 volunteers at Open Sats Initiative Inc.


Here are 8 key members and their salaries:


Benjamin Price (Officer And Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Neigut (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jabari Ennis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Odell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James O'Beirne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janine Roem (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Ou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harper Singleton (Officer)
  • Compensation: $1,936
  • Related: $0
  • Other: $0


Official website here: www.opensats.org/

Where can I find the form 990 for Open Sats Initiative Inc?

Open Sats Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.opensats.org/

Learn more at the official website: www.opensats.org/

Mission Statement of Open Sats Initiative Inc

Open Sats Initiative Inc, as a nonprofit organization, is committed to funding Bitcoin-related free and open-source projects and associated education and research initiatives. Their mission is to establish and sustain a supportive ecosystem for these projects and their contributors, with a particular focus on Bitcoin-related ventures that contribute to the growth and flourishing of this digital currency. By providing financial backing, Open Sats Initiative Inc aims to encourage the development and advancement of these projects, thereby contributing to the broader Bitcoin community.

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Impact




July, 2024

Open Sats Initiative Inc makes a significant impact by supporting and maintaining a sustainable ecosystem of funding for free and open-source projects and contributors, especially those related to Bitcoin. They focus on funding Bitcoin-related free and open-source projects, as well as supporting associated education and research initiatives. Their work helps advance innovation and collaboration within the open-source community, particularly in the realm of cryptocurrency and blockchain technology.




This information is meant to be a general summary of Open Sats Initiative Inc. 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.

Revenue
$1,793,905 (2022)
Expenses
$282,375 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,793,905

Assets and Liabilities:

  • Total Assets: $1,375,133
  • Total Liabilities: $0
  • Net Assets: $1,375,133

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Organization Details

Founding Year

2020

Principal Officer

Benjamin Price

Main Address

2028 E BEN WHITE BLVD 240-6969, AUSTIN, TX, 78741

NTEE Category

Code: S01 - Community improvement

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