Nonprofit · EIN 88-2241795
WEB3 WORKING GROUP
Tax-exempt · KANSAS CITY, MO 64108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | -$82 | $685,632 | -$685,714 | $275,834 | $12,934 | $262,900 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $9
- Net gain from sales of assets
- -$91
Expenses
- Compensation of officers, directors and key employees
- $336,218
- Salaries, compensation and benefits (total)
- $472,296
- Professional fees and payments to contractors
- $8,848
- Occupancy
- $24,681
- Printing, publications and postage
- $762
- Other expenses
- $179,045
Balance sheet and other
- Total assets, start of year
- $1,028,165
- Total assets, end of year
- $275,834
- Total liabilities, end of year
- $12,934
- Net assets, end of year
- $262,900
- Cash, savings and investments
- $240,326
- Gross receipts
- $589
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Devon Read | Co-Executive Di | 22 | $200,000 |
| Amy Oliveira | Co-Executive Di | 40 | $136,218 |
| Sam Williams | President | 0 | $0 |
| Gangadharam Osuri | Secretary | 0 | $0 |
| Doug Petkanics | Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 310 W 20TH ST STE 300, KANSAS CITY, MO 64108-2025
- Signed the 990-EZ
- Amy James, Secretary
- Phone
- (619) 261-6415
- Return prepared by
- 1800ACCOUNTANT LLC
Mission
The web3 movement is attempting to permanently restore user control of cyberspace, replacing centralized control with transparent and permissionless protocols through incentives aligned with users.Web3 is a platform that enables fully decentralized applications.The Web3 Working Group is an organization that will attempt to further the growth and adoption of the web3 industry and the web3 movement.
Program accomplishments
- The web3 movement is attempting to permanently restore user control of cyberspace, replacing centralized control with transparent and permissionless protocols through incentives aligned with users.Web3 is a platform that enables fully decentralized applications.The Web3 Working Group is an organization that will attempt to further the growth and adoption of the web3 industry and the web3 movement.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-2241795
- 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-N (e-Postcard)
- Category (NTEE)
- Science and technology (U05)
- Assets (IRS master file)
- $44,385
- Income (IRS master file)
- $48,793
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2023 | -$82 | $685,632 | $275,834 | XML |
| 990 | December 2022 | $1,200,105 | $251,255 | $1,028,165 | 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 88-2241795).
Questions about WEB3 WORKING GROUP
- What is the EIN of WEB3 WORKING GROUP?
- The employer identification number (EIN) of WEB3 WORKING GROUP is 88-2241795.
- Is WEB3 WORKING GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WEB3 WORKING GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WEB3 WORKING GROUP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of WEB3 WORKING GROUP 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 WEB3 WORKING GROUP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
- Who are the officers and directors of WEB3 WORKING GROUP?
- The 990-EZ for the year ended December 31, 2023 lists 5 people; 2 received compensation from the organization, the highest $200,000 (Devon Read, Co-Executive Di).
- How much revenue does WEB3 WORKING GROUP have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of -$82, expenses of $685,632 and total assets of $275,834 at year end.
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