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Nonprofit · EIN 85-4329649

SIA FOUNDATION INC

Tax-exempt · RANDOLPH, MA 02368

Financials

$6.8M$3.4M2023$12.3M$4.8M2024
Revenue Expenses · by fiscal year end
Financials of SIA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,298,041$4,842,619$7,455,422$42,607,328$58,026$42,549,302
December 31, 2023990$6,797,984$3,409,355$3,388,629$42,587,999$28,783$42,559,216
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,159,734
Program service revenue
$0
Investment income
$2,138,307
Net gain from sales of assets
$1,893,696
Other revenue
$0

Expenses

Grants and similar amounts paid
$721,827
Compensation of officers, directors and key employees
$626,493
Other salaries and wages
$977,290
Salaries, compensation and benefits (total)
$1,865,850
Professional fundraising fees
$0
Legal fees
$105,852
Accounting fees
$75,496
Travel
$64,421
Depreciation
$1,890
Program services (functional)
$3,850,107
Management and general (functional)
$992,512

Balance sheet and other

Total assets, start of year
$42,587,999
Total assets, end of year
$42,607,328
Total liabilities, end of year
$58,026
Net assets, end of year
$42,549,302
Land, buildings and equipment
$10,412
Net assets without donor restrictions
$42,549,302
Gross receipts
$12,447,912
Employees
9
Volunteers
0
Year formed
2020
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
Nate ManingerPresident/Core Developer
Trustee or director, Officer
40$305,000$35,954
Alex FreskaFront-end Engineer
Highest-paid employee
40$253,565$33,473
Luke ChampineTreasurer/Core Developer
Trustee or director, Officer
40$250,836$34,703
Steve FunkDirector of People and Support
Highest-paid employee
40$195,652$48,861
Frances LuDirector of Operations
Highest-paid employee
40$199,921$37,602
Eddie WangChairman/Secretary
Trustee or director, Officer
5$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
Luke ChampinePresident/Treasurer/Core Developer
Trustee or director, Officer
40$262,526$28,017
Nathaniel ManingerPresident/Director
Trustee or director, Officer
40$244,842$26,297
Alexander FreskaFrontend Engineer
Highest-paid employee
40$224,630$26,411
Steven FunkDirector of People and Support
Highest-paid employee
40$178,273$41,225
Frances LuOperations Director
Highest-paid employee
40$184,791$30,126
Eddie WangChairman/Secretary
Trustee or director, Officer
0.5$0$0

Address and contacts

Address (IRS master file)
75 N MAIN ST 6016, RANDOLPH, MA 02368-4605
Mailing address (990-N for 2020)
75 North Main St No 6016, Randolph MA 02368
Principal officer (990 for 2024)
Nathaniel Maninger, 75 North Main St 6016, Randolph, MA 02368
Principal officer (990-N for 2020)
Luke Champine, 75 North Main St No 6016, Randolph MA 02368
Signed the 990
Nathaniel Maninger, President
Phone
(781) 805-3482
Return prepared by
Rogers & Company PLLC

Mission

The Sia Foundation, Inc. is a 501(c)(3) non-profit dedicated to supporting the Sia cloud storage network and educating the public about the urgency of data privacy and ownership.

990 for the year ended December 31, 2024

Program accomplishments

  • Protocol - The Sia Foundation exists to strengthen the Sia protocol through research and development by funding developers and other protocol needs.
    Expenses $1,828,457
  • Community - Program dedicated to education and outreach to educate people on Sia, our mission of user-owned data, and the importance of decentralized cloud storage.
    Expenses $1,161,134
  • Grants Program - Program dedicated to funding research, development, developer tools, and anything else that will support and further our mission of user-owned data.
    Expenses $860,516 · grants $721,827

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
85-4329649
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$42,607,328
Income (IRS master file)
$12,447,912

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,298,041$4,842,619$42,607,328IRS
990December 2023$6,797,984$3,409,355$42,587,999XML
990December 2022$2,052,332$2,308,103$28,791,779IRS
990December 2021–––IRS
990-N for 2020
Officer: Luke Champine
December 31, 2020≤ $50,000 receipts––e-Postcard

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 85-4329649).

Questions about SIA FOUNDATION INC

What is the EIN of SIA FOUNDATION INC?
The employer identification number (EIN) of SIA FOUNDATION INC is 85-4329649.
Is SIA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to SIA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SIA FOUNDATION INC 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 SIA FOUNDATION INC 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 SIA FOUNDATION INC 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 SIA FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Nathaniel Maninger.
Who are the officers and directors of SIA FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 5 received compensation from the organization, the highest $305,000 (Nate Maninger, President/Core Developer).
How much revenue does SIA FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,298,041, expenses of $4,842,619 and total assets of $42,607,328 at year end.

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