Overview
What is Summer Of Bits Inc?
Summer of Bits Inc is a nonprofit organization based in Sheridan, Wyoming. Their primary mission is to foster awareness and introduce university students to Bitcoin open-source software development. The program offers mentorship and instruction from Bitcoin development professionals, allowing students to actively contribute to open-source Bitcoin projects. Almost all of their time and resources are dedicated to this activity, funded entirely by grants and donations. Their purpose is to empower the youth by exposing them to the emerging Bitcoin industry, potentially enhancing their future career prospects. The program predominantly operates online.
Official website here: www.summerofbitcoin.org
Is Summer Of Bits Inc legitimate?
Summer Of Bits Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summer Of Bits 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: $99,996
Professional Fundraising Fees: $0
Other Salaries and Wages: $547
For more financial information, click here
Official website here: www.summerofbitcoin.org
What is the mission statement of Summer Of Bits Inc?
Summer of Bits Inc is an educational program aimed at introducing and increasing awareness of Bitcoin open-source software development and design among youth. The initiative provides mentorship to its members to inspire young minds to engage in Bitcoin development. Bitcoin development professionals and consultants instruct students, and students also contribute to the development of open-source Bitcoin projects. The program is conducted primarily online, with 100% of time and funds allocated to this activity, which is funded entirely through grants and donations. The mission of Summer of Bits Inc is charitable in nature, as it seeks to develop the minds of youth by applying Bitcoin open-source software development, making them more aware of the emerging Bitcoin industry, thereby potentially increasing their chances of success in future endeavors.
Official website here: www.summerofbitcoin.org
Who is the CEO of Summer Of Bits Inc?
Deepak Kathayat is the President of Summer Of Bits Inc.
Official website here: www.summerofbitcoin.org
What is the revenue of Summer Of Bits Inc?
Summer Of Bits Inc's revenue in 2022 was $689,777.
Official website here: www.summerofbitcoin.org
Who are the executives of Summer Of Bits Inc and what are their salaries?
There 50 volunteers at Summer Of Bits Inc.
There is 1 key member and their salary:
- Compensation: $99,996
- Related: $0
- Other: $0
Official website here: www.summerofbitcoin.org
Where can I find the form 990 for Summer Of Bits Inc?
Summer Of Bits Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.summerofbitcoin.org
Learn more at the official website: www.summerofbitcoin.org
Mission Statement of Summer Of Bits Inc
Summer of Bits Inc, a charitable organization, is dedicated to introducing and promoting open-source Bitcoin software development and design to the youth. The primary goal is to inspire young minds to delve into Bitcoin development. To achieve this, Bitcoin development professionals and consultants provide instruction to the students, who in turn participate and contribute to the development of open-source Bitcoin projects. The activities are conducted predominantly online, ensuring maximum engagement and learning opportunities for the participants. The organization is fully funded by grants and donations, with all expenses allocated to this activity. Summer of Bits Inc aims to help develop the minds of the youth through the application of Bitcoin open-source software development. By doing so, they are making young individuals more aware of the emerging Bitcoin industry, thereby equipping them with the necessary skills to be successful in their future endeavors.
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Impact
October, 2024
Summer Of Bits Inc significantly impacts the landscape of technology and development by equipping youth with critical skills in Bitcoin open-source software development. Through an engaging summer training program, participants gain firsthand experience and knowledge that can propel them into the burgeoning field of cryptocurrency.
This initiative connects young individuals with seasoned Bitcoin development professionals and consultants, ensuring that they receive expert guidance and mentorship. Participants not only learn the theoretical aspects of software design but also engage in practical contributions to real-life open-source Bitcoin projects. This hands-on approach fosters a deep understanding of the technology and its applications, enhancing students' problem-solving and technical skills.
Conducted predominantly online, Summer Of Bits facilitates accessibility for a broad range of participants, regardless of geographical barriers. The program's emphasis on open-source development encourages collaboration and innovation, allowing students to be part of a community that values contribution and growth.
By focusing on the emerging industry of Bitcoin, Summer Of Bits helps shape the next generation of technologists and developers. The skills acquired through this program not only prepare participants for future careers but also promote a more informed society regarding the potential and implications of cryptocurrency and blockchain technology. Overall, the impact of Summer Of Bits is profound, as it cultivates young talent and inspires future leaders in a rapidly evolving technological realm.
This information is meant to be a general summary of Summer Of Bits 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.
- Gross Receipts: $689,777
Assets and Liabilities:
- Total Assets: $182,151
- Total Liabilities: $0
- Net Assets: $182,151
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Organization Details
Founding Year
2021
Phone
(646) 421-3432Principal Officer
Deepak Kathayat
Main Address
1309 COFFEEN AVENUE STE 1200, SHERIDAN, WY, 82801
Website
www.summerofbitcoin.orgNTEE Category
Code: U00 - Science research
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