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Nonprofit · EIN 82-0707962

ZCASH FOUNDATION

Tax-exempt · MCLEAN, VA 22101

Financials

$4.7M$9.9M2023$3.8M$8M2024
Revenue Expenses · by fiscal year end
Financials of ZCASH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,769,087$7,952,534-$4,183,447$23,362,496$89,824$23,272,672
December 31, 2023990 (amended)$4,745,458$9,916,662-$5,171,204$16,155,832$145,566$16,010,266
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,430,505
Program service revenue
$0
Investment income
-$661,418
Net gain from sales of assets
-$675,261
Other revenue
$0

Expenses

Grants and similar amounts paid
$4,771,812
Compensation of officers, directors and key employees
$447,239
Other salaries and wages
$474,181
Salaries, compensation and benefits (total)
$1,081,256
Professional fundraising fees
$0
Legal fees
$173,994
Accounting fees
$59,731
Travel
$12,829
Program services (functional)
$7,265,249
Management and general (functional)
$687,285

Balance sheet and other

Total assets, start of year
$16,155,832
Total assets, end of year
$23,362,496
Total liabilities, end of year
$89,824
Net assets, end of year
$23,272,672
Net assets without donor restrictions
$5,576,426
Net assets with donor restrictions
$17,696,246
Gross receipts
$8,172,987
Employees
21
Volunteers
0
Year formed
2017
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Alex BornsteinChief Operating Officer
Officer
40$233,500$12,092
Jack GaviganExecutive Director
Trustee or director, Officer
40$201,647$0
Danika DelanoOperations Director
Highest-paid employee
40$126,042$13,600
Andrew MillerChairman/Treasurer
Trustee or director, Officer
0.5$0$0
Peter Van ValkenburghDirector
Trustee or director
0.5$0$0
Amber BaldetDirector
Trustee or director
0.5$0$0
Jay VerretDirector
Trustee or director
0.5$0$0
Marta BelcherDirector
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
Jack GaviganExecutive Director
Trustee or director, Officer
40$292,519$0
Deirdre ConnollyCryptography Engineer
Highest-paid employee
40$261,240$7,265
Alex BornsteinChief Operating Officer
Officer
40$223,167$5,578
Danika DelanoOperations Director
Highest-paid employee
40$120,083$8,763
Daniel WolandeEcosystems Relations Manager
Highest-paid employee
40$106,006$0
Andrew MillerChairman/Treasurer
Trustee or director, Officer
0.5$0$0
Peter Van ValkenburghDirector
Trustee or director
0.5$0$0
Amber BaldetDirector
Trustee or director
0.5$0$0
Jay VerretDirector
Trustee or director
0.5$0$0
Martha BelcherDirector
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
1390 CHAIN BRIDGE ROAD A132, MCLEAN, VA 22101-3904
Principal officer (990 for 2024)
Andrew Miller, 1390 Chain Bridge Road A132, McLean, VA 22101
Signed the 990
Andrew Miller, Chair
Phone
(571) 418-5390
Return prepared by
Rogers & Company PLLC

Mission

The Zcash Foundation is a public charity that builds financial privacy infrastructure for the public good, primarily serving the users of the Zcash protocol and blockchain. The Foundation also supports other applications of zero-knowledge cryptography, as well as other approaches to private cryptocurrency.

990 for the year ended December 31, 2024

Program accomplishments

  • Zcash Community Grants (ZCG, formerly Zcash Open Major Grants ZOMG) is a technical advisory board that constitutes a committee of the Zcash Foundation, under its bylaws. Grants are chosen by a committee of five members who are chosen by the Zcash Community Advisory Panel (ZCAP) in an open election. Funding for ZCG's activities is provided via the Dev Fund specified in ZIP 1014.
    Expenses $5,070,084 · grants $4,705,770
  • Protocol & Governance: The Zcash protocol and the open network it powers is valuable, privacy-protecting Internet infrastructure; it should be developed and maintained by an open and diverse community of experts and enthusiasts. It is a tool for financial privacy available to the general public. The Zcash Foundation acts as a steward of the Zcash protocol, providing leadership and supporting its continued maintenance and improvement.
    Expenses $981,559 · grants $16,952
  • FROST: FROST (Flexible Round-Optimized Schnorr Threshold) is a cryptographic protocol that enables efficient and secure threshold signing--where only a minimum number of participants are required to generate a valid signature. FROST advances the state of the art in threshold Schnorr signature schemes by significantly reducing network overhead and supporting concurrent signing operations without compromising security. Its novel design includes safeguards against known forgery attacks, making it a robust and flexible tool for modern cryptographic applications. The Zcash Foundation supports the continued development and adoption of FROST as part of its mission to advance privacy-preserving infrastructure.
    Expenses $590,019
  • Research: Technical decisions are best supported by scientific activities, such as rigorous validation, empirical measurement, and continued innovation and refinement. The Zcash Foundation therefore support these activities within our community. All cryptocurrencies, but especially Zcash, rely on cutting-edge contributions from the scientific research community, thus interaction with this community can also help the community stay healthy. We will encourage this scientific research and educate the public regarding the substance and benefits of these scientific developments.
    Expenses $97,111
  • Community: The Zcash Foundation supports the expansion of Zcash into a large and healthy community with diverse stakeholders, held accountable to our user-base in the broadest sense. Our goal is creating tools that help sustain open networks, which enable individuals to protect their privacy on their own terms. Privacy comprises both autonomy and consent, which are essential to human dignity and the healthy continuation of civil society.
    Expenses $526,476 · grants $49,090

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-0707962
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,362,496
Income (IRS master file)
$8,172,987

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,769,087$7,952,534$23,362,496XML
990December 2023$4,745,458$9,916,662$16,155,832XML
990December 2022$12,972,220$7,098,547$21,828,619IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-0707962).

Questions about ZCASH FOUNDATION

What is the EIN of ZCASH FOUNDATION?
The employer identification number (EIN) of ZCASH FOUNDATION is 82-0707962.
Is ZCASH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to ZCASH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ZCASH FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ZCASH FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ZCASH FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ZCASH FOUNDATION?
The 990 for the year ended December 31, 2024 names Andrew Miller.
Who are the officers and directors of ZCASH FOUNDATION?
The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $233,500 (Alex Bornstein, Chief Operating Officer).
How much revenue does ZCASH FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,769,087, expenses of $7,952,534 and total assets of $23,362,496 at year end.

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