Overview
What is The Sia Foundation Inc?
The Sia Foundation Inc, situated in Randolph, Massachusetts, serves as a catalyst for enhancing the Sia protocol. By funding developers and addressing various protocol needs, the foundation aims to strengthen this innovative technology. The Sia Foundation's primary objective is to disrupt the conventional cloud storage market by enabling direct, peer-to-peer transactions for buying and selling cloud storage in a global, decentralized platform. This nonprofit is committed to promoting open research and engineering, sharing its findings for the collective benefit. With a team of seven dedicated individuals, the foundation upholds its mission of financial stability, political neutrality, and technological competence.
Official website here: www.sia.tech
Is The Sia Foundation Inc legitimate?
The Sia Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sia Foundation 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: $212,753
Professional Fundraising Fees: $0
Other Salaries and Wages: $648,178
For more financial information, click here
Official website here: www.sia.tech
What is the mission statement of The Sia Foundation Inc?
The Sia Foundation's mission is to serve as an ideal steward for the Sia storage network, ensuring financial stability, political neutrality, and advanced technological capabilities. Their main objective is to disrupt the traditional cloud storage market by enabling direct peer-to-peer buying and selling of cloud storage in a global, trustless platform. Additionally, the foundation focuses on conducting research and engineering activities in an open environment, with a commitment to sharing the results for the overall benefit of all parties involved.
Official website here: www.sia.tech
Who is the CEO of The Sia Foundation Inc?
Luke Champine is the President/Treasurer of The Sia Foundation Inc.
Official website here: www.sia.tech
What is the revenue of The Sia Foundation Inc?
The Sia Foundation Inc's revenue in 2022 was $2,052,332.
Official website here: www.sia.tech
Who are the executives of The Sia Foundation Inc and what are their salaries?
The average compensation at The Sia Foundation Inc during 2022 was $122,990. There are 7 employees at The Sia Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $191,698
- Related: $0
- Other: $21,055
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $189,676
- Related: $0
- Other: $21,877
- Compensation: $158,833
- Related: $0
- Other: $18,511
- Compensation: $146,740
- Related: $0
- Other: $13,986
Official website here: www.sia.tech
Where can I find the form 990 for The Sia Foundation Inc?
The Sia Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sia.tech
Learn more at the official website: www.sia.tech
Mission Statement of The Sia Foundation Inc
The Sia Foundation, with its mission firmly set, seeks to become an exemplary steward for the Sia storage network. Aiming for financial stability, political neutrality, and technological competence, this organization aspires to revolutionize the cloud storage sector. By establishing a global, trustless marketplace, The Sia Foundation enables direct peer-to-peer transactions of cloud storage. This innovative approach dismantles the traditional cloud storage model, empowering users to buy and sell storage capacities at their discretion.
Beyond its marketplace role, The Sia Foundation is deeply committed to conducting research and engineering activities in an open and transparent manner. This philosophy allows the organization to share the fruits of its labor with the wider community, fostering a collaborative environment that benefits all parties involved. By promoting this open-source ethos, The Sia Foundation upholds its mission to disrupt the cloud storage industry and contribute to the greater good.
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Impact
July, 2024
The Sia Foundation Inc is making a significant impact in disrupting cloud storage by enabling peers to buy and sell storage directly in a global, trustless marketplace. By serving as the steward of the Sia storage network, they are financially stable, politically neutral, and technologically capable. Their mission to conduct research and engineering in the open benefits all users of the network. Through funding developers and other protocol needs, the Foundation is strengthening the Sia protocol and paving the way for innovative solutions in cloud storage.
This information is meant to be a general summary of The Sia Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$8,699,021
- Gross Receipts: $22,912,032
Assets and Liabilities:
- Total Assets: $28,791,779
- Total Liabilities: $2,281
- Net Assets: $28,789,498
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Organization Details
Founding Year
2020
Phone
(781) 805-3482Principal Officer
Luke Champine
Main Address
75 North Main St 6016, Randolph, MA, 02368
Website
www.sia.techNTEE Category
Code: U99 - Science research
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