EIN 85-2722249

Open Sats Initiative

Name: Open Sats Initiative financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Punta Gorda

State

Florida

Year formed

2020

Most recent tax filings

2023-12-01

NTEE code, primary

S01: Community Improvement and Capacity Building Alliances and Advocacy

Description

Open Sats Initiative seeks to help support and maintain a sustainable ecosystem of funding for free and open source projects and contributors, particularly those related to Bitcoin. Its mission includes funding Bitcoin-related free and open-source projects, as well as supporting associated education and research initiatives. The organization is located in Austin, TX.

Total revenues

$11,337,061

2023

Total expenses

$3,972,066

2023

Total assets

$13,919,479

2023

Num. employees

2023

Program areas at Open Sats Initiative

To help support and maintain a sustainable ecosystem of funding for free and Open source projects and contributors, especially bitcoin related projects and projects which help bitcoin flourish.

Grants made by Open Sats Initiative

Grantee	Grant description	Grant year	Amount
Summer of Bits	Free and Open Source Software Education	2023-12	$50,000
Brink Technology	Free and Open Source Software Development	2023-12	$0

Who funds Open Sats Initiative

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Fidelity Investments Charitable Gift Fund	2023-06	For Grant Recipient's Exempt Purposes	$11,250,000
Community Foundation of Harrisonburg and Rockingham County (TCF)	2023-06	Education	$10,000
American Online Giving Foundation	2023-03	General Support	$5,237
...and 1 more grant received

Personnel at Open Sats Initiative

Name	Title	Compensation	Date of data
Chronology Unipessoal Lda	Officer	$117,488	2023-12-31

Financials for Open Sats Initiative

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$11,337,061	$1,793,905	532%
Program services	$0	$0	-
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$11,337,061	$1,793,905	532%

Form 990s for Open Sats Initiative

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-15	990	View PDF
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-15	990EZ	View PDF

Organizations like Open Sats Initiative

Organization	Type	Location	Revenue
Women's Business Enterprise National Council (WBENC)	501(c)(3)	Washington, DC	$16,341,799
International Documentary Association	501(c)(3)	Los Angeles, CA	$14,226,333
World Green Building Council	501(c)(3)	Canada,	$5,800,971
Citrus Research and Field Trial Foundation	501(c)(3)	Bartow, FL	$8,441,225
Southeast Coastal Ocean Observing Regional Association	501(c)(3)	Charleston, SC	$6,262,135
Council for Christian Colleges and Universities	501(c)(3)	Washington, DC	$7,065,344
Association of Waldorf Schools of North America (AWSNA)	501(c)(3)	Longmont, CO	$2,890,641
Local Independent Online News Publishers	501(c)(3)	Wilmington, DE	$6,882,509
American Association of Colleges and Universities	501(c)(3)	Washington, DC	$15,054,199
Eye Bank Association of America (EBAA)	501(c)(3)	Washington, DC	$3,337,513

Data update history

February 22, 2025

Posted financials

Added Form 990 for fiscal year 2023

February 14, 2025

Updated personnel

Identified 3 new personnel

January 29, 2025

Updated personnel

Identified 7 new personnel

January 15, 2025

Used new vendors

Identified 2 new vendors, including , and

May 18, 2024

Received grants

Identified 3 new grant, including a grant for $10,000 from Community Foundation of Harrisonburg and Rockingham County (TCF)

Nonprofit Types

Grantmaking organizationsTrade associationsBusiness and community development organizationsCharities

Issues

Community improvementBusiness and industry

Characteristics

Provides grantsOperates internationallyTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 42041 Cypress Pkwy 4-207; Punta Gorda, FL 33982
Metro area: Punta Gorda, FL
County: Charlotte County, FL
Website URL: opensats.org/
Phone: (574) 212-1002

IRS details

EIN: 85-2722249
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2020
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S01: Community Improvement and Capacity Building Alliances and Advocacy
NAICS code, primary: 813910: Trade Associations
Parent/child status: Independent

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Open Sats Initiative

Program areas at Open Sats Initiative

Grants made by Open Sats Initiative

Who funds Open Sats Initiative

Personnel at Open Sats Initiative

Financials for Open Sats Initiative

Form 990s for Open Sats Initiative

Organizations like Open Sats Initiative

Nonprofits

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