2025-08-27T01:37:40-05:00 2024-12-31 Sagent Management 691 S Milpitas Blvd 212 Milpitas CA 95035 990 2024-01-01 922633494 Defi First Improving Code Security % SAGENT MANAGEMENT DEFI 4082631040 C/O Certora 1201 3rd Avenue Seattle WA 98101 Amit Sassi Director of Finance 4082631040 2025-08-25 true true Leo Yen P00294919 4082631040 2025-08-25 2024 2025-03-06 01:10:19Z X X Amit Sassi C/O Certora 1201 3rd Avenue Seattle WA 98101 407953 false X https://defisecuritysummit.org/ X 2023 CA AN EDUCATIONAL ORGANIZATION FOCUSED ON USING CONFERENCES, WEBINARS, TRAINING AND OTHER EDUCATIONAL MATERIALS TO IMPROVE THE SECURITY AND RELIABILITY OF DECENTRALIZED APPLICATION ON TOP OF BLOCK CHAIN TECHNOLOGY. 3 3 0 5 0 407953 0 0 0 407953 0 0 0 0 0 552384 552384 -144431 71425 291477 -220052 X AN EDUCATIONAL ORGANIZATION FOCUSED ON USING CONFERENCES, WEBINARS, TRAINING AND OTHER EDUCATIONAL MATERIALS TO IMPROVE THE SECURITY AND RELIABILITY OF DECENTRALIZED APPLICATION ON TOP OF BLOCK CHAIN TECHNOLOGY. false false 441652 DEFI SECURITY SUMMIT IS AN ANNUAL EDUCATIONAL CONFERENCE THAT BRINGS TOGETHER EXPERTS AND PRACTITIONERS TO SHARE KNOWLEDGE ABOUT SAFEGUARDING PUBLIC INTERESTS IN DECENTRALIZED APPLICATION ON TOP OF BLOCKCHAIN TECHNOLOGY. DEFI SECURITY 101 IS A ONE-DAY INTENSIVE COURSE SPECIFICALLY DESIGNED FOR DEVELOPERS WHO WISH TO DEEPEN THEIR UNDERSTANDING OF WEB3 SECURITY. 49072 MONTHLY EDUCATIONAL WEBINARS PROVIDE FREE PUBLIC INSTRUCTION ON CRITICAL SECURITY PRACTICES, RISK MANAGEMENT, AND CONSUMER PROTECTION IN DEFI SYSTEMS. THESE WEBINARS ARE PUBLICLY AVAILABLE ON YOUTUBE AND ARE ADVERTISED ON X.COM AND TELEGRAM. 490724 true true false false false false false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false true false false false false false false false false true 0 0 true 0 false false false false false false false false X 3 3 false false false false false false false true true false false true true true true false false false false false CA X SAGENT MANAGEMENT 4082631040 691 S MILPITAS BLVD 212 MILPITAS CA 95035 X X MOOLY SAGIV PRESIDENT 0.0 0.0 X X 0 0 0 BYRON GIBSON DIRECTOR 0.0 0.0 X 0 0 0 CURTIS SPENCER DIRECTOR 0.0 0.0 X 0 0 0 LORI BLONN SECRETARY 0.0 0.0 X 0 0 0 AMIT SASSI TREASURER 0.0 0.0 X 0 0 0 0 0 0 0 false false false NCC Management and Development 60 QUEEN SIRIKIT NATIONAL CONVENTIO BANGKOK 0 TH 10110 CONFERENCE EXPENSES 298215 1 407953 106000 407953 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 407953 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25884 25884 8160 8160 0 0 0 0 1932 1932 854 854 0 0 0 6099 6099 0 488792 488792 10651 10651 0 0 0 BANK FEES 60 60 EXCHANGE LOSS - REALIZED 9152 9152 STATE TAXES 800 800 552384 490724 61660 0 48173 0 0 0 0 0 0 0 193 0 0 0 23059 0 0 71425 75524 0 0 0 0 198738 0 0 17215 0 291477 X 0 0 -220052 0 -220052 0 71425 X -144431 -75678 57 X true X false false false X 0 0 0 297358 407953 705311 0 0 0 0 0 297358 407953 705311 0 705311 0 0 0 705311 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ACCRUED INTEREST 17215 17215 South Asia 0 0 Program Services EDUCATIONAL CONFERENCE 441652 0 0 0 0 441652 441652 false false false false false false CERTORA LTD NONPROFIT OFFICERS & DIRECTORS ARE ALSO OFFICERS & DIRECTORS OF CERTORA LTD FUND ACTIVITIES X 200000 45000 true true CERTORA LTD NONPROFIT OFFICERS & DIRECTORS ARE ALSO OFFICERS & DIRECTORS OF CERTORA LTD FUND ACTIVITIES X 50000 50000 true true CERTORA LTD NONPROFIT OFFICERS & DIRECTORS ARE ALSO OFFICERS & DIRECTORS OF CERTORA LTD FUND ACTIVITIES X 25000 25000 true true CERTORA LTD NONPROFIT OFFICERS & DIRECTORS ARE ALSO OFFICERS & DIRECTORS OF CERTORA LTD FUND ACTIVITIES X 35000 35000 true true CERTORA LTD NONPROFIT OFFICERS & DIRECTORS ARE ALSO OFFICERS & DIRECTORS OF CERTORA LTD FUND ACTIVITIES X 34782 34782 true true CERTORA LTD NONPROFIT OFFICERS & DIRECTORS ARE ALSO OFFICERS & DIRECTORS OF CERTORA LTD FUND ACTIVITIES X 8956 8956 true true 198738 X Ethereum blockchain 8 106000 FMV 0 false false false FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT FROM TAX PREPARER, FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE PRIOR TO SIGNATURE AND FILING. FORM 990, PART VI, SECTION C, LINE 19 ALL APPLICABLE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 Accumulated Other Comprehensive Income = 57 FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED AND AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART X, LINE 22 DEFI FIRST: IMPROVING CODE SECURITY ("DEFI") has entered into a Loan Agreement (the "Loan Agreement"), dated as of June 12, 2023, by and between DEFI and Certora Ltd., a company incorporated under the laws of Israel ("Certora"), under which Certora provided DEFI with a loan of an initial principal amount of $400,000, which principal amount can be increased to $500,000 at the option of DEFI, at an interest rate set according to the minimum interest rate permissible under Section 3(j) of the Israeli Income Tax Ordinance and Income Tax Regulations(the "Loan"). The Loan will mature, and all outstanding principal and interest will be due to be paid to Certora, on June 12, 2027 or such later date as Certora agrees to in writing at its sole discretion. DEFI and Certora entered into the Loan Agreement to fund DEFI's general activities, including without limitation, the DSS conference. Mooly Sagiv, president and director of DEFI, is the current Chief Executive Officer of Certora; Amit Sassi, treasurer of DEFI, is the Director of Finance of Certora; Lori Blonn, secretary of DEFI, is the former Head of United States Operations of DEFI; and Curtis W. Spencer IV, director of DEFI, is a director of and holds an equity interest in Certora. Certora employees provide volunteer services to DEFI in a variety of areas at no cost, including helping to arrange sponsorships and providing operational support for the DSS conference. DEFI entered into the Loan Agreement with Certora to further DEFI's charitable purposes. The Loan was negotiated at arms-length, and Certora agreed to provide the Loan at the minimum interest rate permissible under Section 3(j) of the Israeli Income Tax Ordinance and Income Tax Regulations. As a corporate sponsor of DSS, Certora receives certain benefits, which include having the company's name presented as a corporate sponsor, having the opportunity for certain Certora employees to attend DSS, and having the opportunity for certain Certora employees to teach sessions at DSS. These same benefits are also provided to all other corporate sponsors of DSS. FORM 990, PART IV, LINE 14B While Defi First: Improving Code Security's (Defi) management is based in the United States, some of Defi's operational, legal, and financial work is carried out by independent contractors located in Israel, and some of Defi's marketing work is carried out by independent contractors located in Argentina and France. Applicant also is currently working with an independent contractor located in Argentina to upgrade the DSS website. In addition, the DSS summits are international events that draw attendees from around the world. The 2024 DSS was held in Bangkok, Thailand. Given the inherently global nature of DeFi, blockchain technology, and the threats Defi aims to prevent through education and training, Defi expects future DSS summits to continue to be held internationally at various global informational hubs and to target both U.S.-based and international attendees.