2024-11-15T15:30:42-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-01-01 842364885 INTERLEDGER FOUNDATION INTE 2018628453 610 E ZACK ST STE 110-4289 TAMPA FL 33602 BRIANA MARBURY PRESIDENT & CEO 2018628453 2024-11-15 1 0 AARON M FOX P01365820 2022274000 2024-11-15 2023 2024-10-15 13:58:12Z BRIANA MARBURY 610 E ZACK ST STE 110-4289 TAMPA FL 33602 27618669 0 X WWW.INTERLEDGER.ORG X 2019 CA THE INTERLEDGER FOUNDATION IS A NONPROFIT ADVOCATE FOR THE WEB, PROMOTING INNOVATION, CREATIVITY, AND INCLUSION BY ADVANCING OPEN PAYMENT STANDARDS AND TECHNOLOGIES THAT SEAMLESSLY CONNECT OUR GLOBAL SOCIETY. 5 5 17 5 0 0 250000 0 0 0 3413 -116747 3444 24196 256857 -92551 1305561 2273401 0 0 1468245 3156437 0 0 156429 1835429 3318562 4609235 8748400 -4352378 -8840951 75537366 82655890 287931 1476621 75249435 81179269 X THE INTERLEDGER FOUNDATION IS A NONPROFIT ADVOCATE FOR THE WEB, PROMOTING INNOVATION, CREATIVITY, AND INCLUSION BY ADVANCING OPEN PAYMENT STANDARDS AND TECHNOLOGIES THAT SEAMLESSLY CONNECT OUR GLOBAL SOCIETY. 0 0 6580070 2273401 INTERLEDGER WORKS TO BROADEN THE DIVERSITY OF VOICES IN THE TECH ECOSYSTEM BY USING THE INTERLEDGER PROTOCOL (ILP) TO POWER A CURRENCY-AGNOSTIC PAYMENTS NETWORK AS A DRIVER FOR DIGITAL FINANCIAL INCLUSION. INTERLEDGER HAD THE FOLLOWING ACCOMPLISHMENTS IN 2023: IN OUR GRANT-MAKING, WE AWARDED A TOTAL OF USD947,000 WORTH OF GRANTS TO 16 GRANTEES ACROSS 9 COUNTRIES. WE HELD A GLOBAL INTERLEDGER SUMMIT THAT BROUGHT TOGETHER DEVELOPERS, ACTIVISTS, AND ENTREPRENEURS TO BUILD ON THE MOMENTUM OF THE FOUNDATION. IN ADDITION, WE MANAGED TO RAISE THE PROFILE OF INTERLEDGER GLOBALLY, RECEIVING COVERAGE IN 70 MEDIA OUTLETS INCLUDING TOP-TIER FINANCIAL AND TECH MEDIA TO DATE, REACHING 10 MILLION MEDIA IMPRESSIONS. WE ADVANCED OUR OPEN PAYMENTS AND WEB MONETIZATION PRODUCTS, AND EXPANDED THE NETWORK TO 3 NODES RUNNING INTERLEDGER AND OPEN PAYMENTS, AND EXPANDED OUR COMMUNITY EFFORTS. OUR TECHNICAL DOCUMENTATION HAD IMPROVED ACROSS THE BOARD, AND WE STARTED WORKING TOWARDS CREATING THE FIRST INTERLEDGER CARD OFFERING. 6580070 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 36 0 1 17 1 0 1 SZ 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X BRIANA MARBURY 2018628453 610 E ZACK ST STE 110-4289 TAMPA FL 33602 STEFAN THOMAS CHAIRPERSON 5.00 X X 0 0 0 EVAN SCHWARTZ DIRECTOR 2.00 X X 0 0 0 MAHA BAHOU DIRECTOR 2.00 X 0 0 0 CHRIS LARSEN DIRECTOR 2.00 X 0 0 0 KONSTANTIN PERIC DIRECTOR 2.00 X 0 0 0 BRIANA MARBURY PRESIDENT & CEO 40.00 X 343319 0 31587 CHRIS LAWRENCE HEAD OF PROGRAMS 40.00 X 178500 0 9975 ALEX LAKATOS CTO 40.00 X 268436 0 14433 GINNY BARAHONA DIRECTOR OF STRATEGY 40.00 X 163405 0 20169 ERIKA DRUSHKA HEAD OF OPERATIONS 40.00 X 100725 0 9730 MARK BIRMINGHAM COO 40.00 X 145155 0 10839 1199540 0 96733 6 0 1 0 BREAKPOINT IT SRL STRADA ANDREI MUREANU 19 CLUJNAPOCA RO 400347 RESEARCH 556858 MARRIOTT COSTA RICA - HACIENDA BELEN 700M W BRIDGESTONE/FIRESTONE LA RI HEREDIA CS 502-4005 EVENT VENUE 305705 MARCUM LLP 1899 L STREET NW STE 850 WASHINGTON DC 20036 ACCOUNTING SERVICES 148035 BUTZEL LONG 150 W JEFFERSON STE 100 DETROIT MI 48226 LEGAL FEES 142527 8 1118398 1118398 26476075 27711220 -1235145 -1235145 -1235145 MISCELLANEOUS 900099 24196 24196 24196 -92551 0 0 -92551 X 400000 400000 206000 206000 1667401 1667401 1029824 673896 309014 46914 1678670 1199834 426980 51856 51004 37405 12304 1295 191777 135478 49728 6571 205162 142273 55476 7413 217712 217712 228593 228593 330545 330545 1203248 1028773 140510 33965 41427 28728 11202 1497 49597 31453 16505 1639 88191 61158 23846 3187 684195 539634 144561 394923 387881 7042 57905 40156 15657 2092 LOSS ON TRANSLATION 22226 22226 8748400 6580070 2011901 156429 84768 2151802 3211715 75000 11804 18447 83994 93644 26848 16009 66796 65925584 68320505 7228650 10845473 37106 115603 75537366 82655890 287931 1476621 287931 1476621 X 75249435 81179269 75249435 81179269 75537366 82655890 -8840951 14770785 0 X 0 1 X 1 0 X 250000 1000000 250000 0 1500000 250000 1000000 250000 1500000 929533 570467 520 21284 855517 1118398 1995719 3444 24196 27640 3523359 0.16190 X 55968 26848 29120 37676 37676 66796 CRYPTOCURRENCY 10441759 F INVESTMENT IN RIPPLE LUXEMBOURG, SA 403714 F 10845473 X 14325463 14770785 -22226 14748559 -423096 330545 330545 -92551 8462915 67286 67286 8395629 330545 22226 352771 8748400 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT A PRIVATE FOUNDATION. MANAGEMENT HAS CONCLUDED THAT THE FOUNDATION HAS PROPERLY MAINTAINED THEIR EXEMPT STATUS. THERE ARE NO TAX POSITIONS HELD BY THE FOUNDATION THAT ARE CONSIDERED TO BE UNCERTAIN. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON TRANSLATION PART XII, LINE 2D - OTHER ADJUSTMENTS: RIPPLE WRITE-DOWN PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON TRANSLATION 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 GRANTS TO RECIPIENTS 31000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 8 GRANTS TO RECIPIENTS 1393000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 2 GRANTS TO RECIPIENTS 712000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 GRANTS TO RECIPIENTS 118000 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 GRANTS TO RECIPIENTS 87000 EAST ASIA AND THE PACIFIC 1 GRANTS TO RECIPIENTS 79000 0 15 0 0 0 15 2420000 0 2420000 NORTH AMERICA GENERAL PURPOSE 499975 0 SUB-SAHARAN AFRICA GENERAL PURPOSE 400000 0 EAST ASIA & THE PACIFIC GENERAL PURPOSE 75000 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GENERAL PURPOSE 325426 0 1 3 FUTURE MONEY CFP 2023 EUROPE (INCLUDING ICELAND & GREENLAND) 3 75000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT AMBASSADOR EUROPE (INCLUDING ICELAND & GREENLAND) 2 82000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT AMBASSADOR SOUTH ASIA 1 60000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT FUTURE MONEY CFP 2023 SOUTH ASIA 1 25000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT FUTURE MONEY CFP 2023 NORTH AMERICA (WHICH INCLUDES CANADA AND MEXICO, BUT NOT THE U.S.) 1 25000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT ILF FINANCIAL SERVICES CFP 2023 EAST ASIA & THE PACIFIC 1 75000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT FUTURE MONEY CFP 2023 SUB-SAHARAN AFRICA 1 25000 PAID VIA BILL OR CC, TRAVEL REIMBURSEMENT 0 0 0 0 0 0 PART I, LINE 2: WE REQUIRE TWO PUBLIC REPORTS - AN INTERIM AND A FINAL - DOCUMENTING PROGRESS ON PROJECT DELIVERABLES. THESE ARE POSTED ON OUR INTERNET COMMUNITY SPACE FOR ANYONE TO VIEW. WE ALSO REQUIRE TWO PRIVATE FINANCIAL REPORTS - AN INTERIM AND A FINAL - DOCUMENTING HOW THE AWARD FUNDS HAVE BEEN SPENT. VARIATIONS FROM THE ORIGINAL BUDGET REQUIRE AN APPROVAL. LARGE VARIATIONS FROM THE ORIGINAL BUDGET, SCOPE, DELIVERABLES OR TIMELINE REQUIRE SPECIFIC WRITTEN DOCUMENTATION AND APPROVAL. FOR AWARDEES RECEIVING MORE THAN ONE AWARD PAYMENT, SUBSEQUENT PAYMENTS ARE GATED ON AN APPROVAL FROM THE PROGRAM TEAM ON THE INTERIM REPORTING. 1 MOZRT INC 11014 PINE BEACH PENINSULA EAST GULL LAKE MN 56401 874812694 OTHER 250000 0 PARTNERSHIP BOWIE STATE UNIVERSITY FOUNDATION 14000 JERICHO PARK RD BOWIE MD 20715 520952758 501(C)(3) 150000 0 GENERAL PURPOSE 1 1 FUTURE MONEY CFP 2023 2 75000 AMBASSADOR 1 56000 MIFOS INITIATIVE 2 75000 PART I, LINE 2: WE REQUIRE TWO PUBLIC REPORTS - AN INTERIM AND A FINAL - DOCUMENTING PROGRESS ON PROJECT DELIVERABLES. THESE ARE POSTED ON OUR INTERNET COMMUNITY SPACE FOR ANYONE TO VIEW. WE ALSO REQUIRE TWO PRIVATE FINANCIAL REPORTS - AN INTERIM AND A FINAL - DOCUMENTING HOW THE AWARD FUNDS HAVE BEEN SPENT. VARIATIONS FROM THE ORIGINAL BUDGET REQUIRE AN APPROVAL. LARGE VARIATIONS FROM THE ORIGINAL BUDGET, SCOPE, DELIVERABLES OR TIMELINE REQUIRE SPECIFIC WRITTEN DOCUMENTATION AND APPROVAL. FOR AWARDEES RECEIVING MORE THAN ONE AWARD PAYMENT, SUBSEQUENT PAYMENTS ARE GATED ON AN APPROVAL FROM THE PROGRAM TEAM ON THE INTERIM REPORTING. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 BRIANA MARBURY PRESIDENT & CEO 343319 0 0 0 0 0 16500 0 15087 0 374906 0 0 0 ALEX LAKATOS CTO 268436 0 0 0 0 0 13050 0 1383 0 282869 0 0 0 CHRIS LAWRENCE HEAD OF PROGRAMS 178500 0 0 0 0 0 8925 0 1050 0 188475 0 0 0 GINNY BARAHONA DIRECTOR OF STRATEGY 163405 0 0 0 0 0 4375 0 15794 0 183574 0 0 0 MARK BIRMINGHAM COO 145155 0 0 0 0 0 1146 0 9693 0 155994 0 0 0 PART I, LINE 1A PER POLICY, BUSINESS CLASS TRAVEL IS PROVIDED TO OFFICERS ON FLIGHTS OVER 5 HOURS. PAYMENTS ARE MADE VIA INTERLEDGER FOUNDATION'S CARD WITH SUPPORTING RECEIPTS. FORM 990, PART VI, SECTION A, LINE 2 MR. LARSEN IS THE CHAIRMAN OF RIPPLE. MR. SCHWARTZ IS THE DIRECTOR OF THE INTERLEDGER FOUNDATION AND THE CO-CREATOR OF THE INTERLEDGER PROTOCOL. MR. THOMAS IS THE CO-CREATOR OF THE INTERLEDGER PROTOCOL. MR. PERIC IS AN EMPLOYEE OF THE BILL & MELINDA GATES FOUNDATION. MS. BAHOU IS THE CEO OF JOPACC. FORM 990, PART VI, SECTION B, LINE 11B INTERLEDGER FOUNDATION'S GOVERNING BODY IS PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES, COMMITTEE MEMBERS AND OTHERS THAT MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION ARE REQUIRED TO ANNUALLY COMPLETE A CONFLICT OF INTEREST DECLARATION AS A METHOD OF DISCLOSING AND ETHICALLY RESOLVING POTENTIAL CONFLICTS OF INTEREST. REAL OR PERCEIVED CONFLICTS OF INTEREST ARE DETERMINED BY EITHER THE EXECUTIVE DIRECTOR, OR THE BOARD OF DIRECTORS, DEPENDENT UPON THE LEVEL AT WHICH THE REAL OR PERCEIVED CONFLICT EXISTS. LIKEWISE, REAL OR PERCEIVED INTERESTS ARE ALSO REVIEWED AT SIMILAR LEVELS BASED ON THE SAME PARAMETERS. PERSONS THAT ARE UNDER CONSIDERATION FOR THE REAL OR PERCEIVED INTEREST ARE PRECLUDED FROM PARTICIPATING IN THE DISCUSSIONS AROUND THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION REVIEW WAS CONDUCTED IN OCTOBER 2023. FORM 990, PART VI, SECTION C, LINE 19 INTERLEDGER FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,028,773. MANAGEMENT AND GENERAL EXPENSES 140,510. FUNDRAISING EXPENSES 33,965. TOTAL EXPENSES 1,203,248. RIPPLE LUXEMBOURG SA 4 RUE HENRI SCHNADT LUXEMBOURG LU L-2530 LU INTERLEDGER FOUNDATION 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0