2019-01-10T11:05:29-06:00 2018-04-30 814234542 BPM LLP 4200 BOHANNON DRIVE SUITE 250 MENLO PARK CA 940251021 990PF 2017-05-01 465604812 RIPPLEWORKS INC RIPP 6504993120 889 WINSLOW STREET NO 501 REDWOOD CITY CA 94063 DOUG GALEN PRESIDENT/CEO 6504993120 2018-12-17 1 TAMARA L MCINERNEY P00011797 6508556800 2018-12-14 208.184.139.130 2018-12-17 12:11:34 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 155DBB0B033CCB00695FD1C9AE35DD64086CB893 2017 2019-02-21 02:37:17Z X X 1232698143 X 178567275 156649 156649 118186860 118809587 118809587 0 5500 0 5500 296916284 118966236 5500 684955 68496 0 616458 804124 0 0 779022 50355 0 0 46793 156038 48647 0 104120 206803 103402 0 103401 85584 0 0 86129 24036852 0 0 73753 3943 0 0 74059 0 0 71959 73145 0 0 66383 2432 0 0 2318 191458 49792 0 116822 26369748 270337 0 2067158 0 0 26369748 270337 0 2067158 270546536 118695899 5500 1503570 2301164 2301164 41974506 41974506 957209 150207 957209 957209 5714700 187803 187803 18044 25054 25054 56144667 1171207709 1171207709 187280 3943 0 183337 183337 389684 15861361 15861361 63920872 1232698143 1232698143 134443 139278 2198130 22871963 2332573 23011241 X 55873599 1209686902 5714700 0 61588299 1209686902 63920872 1232698143 61588299 270546536 877552067 1209686902 0 1209686902 XRP CRYPTOCURRENCY D 2017-05-31 1017243 1017243 1017243 XRP CRYPTOCURRENCY D 2017-06-30 1406224 1406224 1406224 XRP CRYPTOCURRENCY D 2017-07-31 220952 220952 220952 XRP CRYPTOCURRENCY D 2017-08-31 58206 58206 58206 XRP CRYPTOCURRENCY D 2017-09-30 78268 78268 78268 XRP CRYPTOCURRENCY D 2017-10-31 577414 577414 577414 XRP CRYPTOCURRENCY D 2017-11-30 2028095 2028095 2028095 XRP CRYPTOCURRENCY D 2017-12-31 13305027 13305027 13305027 XRP CRYPTOCURRENCY D 2018-01-31 13840739 13840739 13840739 XRP CRYPTOCURRENCY D 2018-02-28 6409303 6409303 6409303 XRP CRYPTOCURRENCY D 2018-03-31 3969196 3969196 3969196 XRP CRYPTOCURRENCY D 2018-04-30 4859300 4859300 4859300 XRP CRYPTOCURRENCY D 2017-12-31 50000000 50000000 50000000 XRP CRYPTOCURRENCY D 2017-12-31 5259905 5259905 5259905 XRP CRYPTOCURRENCY D 2017-12-31 15779715 15779715 15779715 118809587 0 0 1122844 8387855 0.133865 805420 7427314 0.108440 180027 777247 0.231621 0.473926 0.157975 112191496 17723452 1186959 18910411 2067158 2373918 0 2373918 0 2373918 2334489 200000 0 2534489 0 160571 160571 0 0 0 0 0 0 0 0 0 0 0 0 1 CA 1 1 0 0 0 1 WWW.RIPPLEWORKS.ORG JOHN CARROLL 6504993120 513 CHOKE CANYON LANE GEORGETOWN TX 78628 1 OC 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 DOUG GALEN 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 PRESIDENT/CEO 40.00 665000 19955 0 CHRISTIAN LARSEN 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 SECRETARY/TREASURER 1.00 0 0 0 TIM KUNIHIRO 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 MANAGING DIRECTOR, V 40.00 194231 9597 0 PRADEEP SUTHRAM 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 DIRECTOR OF PRODUCT 40.00 162700 15275 0 SARAH BURCH 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 SENIOR PORTFOLIO MAN 40.00 121923 8229 0 JAY LEE 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 GROWTH AND COMMUNITY 40.00 96846 7489 0 SARA JOHNSON 889 WINSLOW STREET SUITE 501 REDWOOD CITY CA 94063 SENIOR INVESTMENT AS 40.00 62738 4299 0 7 BPM LLP 600 CALIFORNIA STREET SUITE 600 SAN FRANCISCO CA 94108 ACCOUNTING SERVICES 197733 DAVIS WRIGHT TREMAINE LLP 505 MONTGOMERY STREET SAN FRANCISCO CA 94111 LEGAL SERVICES 116079 0 RIPPLEWORKS BELIEVES IN A WORLD WHERE INNOVATIVE ORGANIZATIONS CREATE SYSTEMIC & SUSTAINABLE SOCIAL CHANGE TO ADDRESS THE WORLD'S TOUGHEST CHALLENGES, INCLUDING POVERTY, LACK OF FINANCIAL INCLUSION, CLEAN WATER, HEALTHCARE & ACCESS TO ELECTRICITY. OUR MISSION IS TO ACCELERATE THE SUCCESS OF SOCIAL ENTERPRISES WORKING TO DEVELOP PRODUCTS & SERVICES THAT SERVE THOSE IN NEED AROUND THE WORLD BY PROVIDING EXPERTISE & EXPERIENCE TO CONQUER SCALING CHALLENGES FEW IN THEIR COUNTRY HAVE SEEN. RIPPLEWORKS PAIRS PROVEN ENTREPRENEURS WITH PROMISING SOCIAL ENTERPRISES TO SOLVE IMMEDIATE & PRESSING SCALING CHALLENGES. FOR OUR EXPERTS, THE PROJECTS ARE SHORT TERM VOLUNTEER PROGRAMS THAT ENABLES THE VOLUNTEERS TO DRIVE SOCIAL AND ECONOMIC CHANGE WHILE KEEPING THEIR DAY JOB. EXPERTS VOLUNTEER THEIR TIME, RIPPLEWORKS PAYS FOR THE EXPERT TO TRAVEL TO THE COMPANY, AND PROVIDES ALL THE PROJECT SUPPORT SO THE EXPERTS AND CEOS FOCUS ON DEVELOPING SOLUTIONS TO SOME OF THE GLOBE'S MOST INTRACTABLE PROBLEMS. 2067158 0 0 14919000 98980996 113899996 50620739 0 113899996 1708500 112191496 5609575 X 2067158 0 2067158 0 2067158 2014-05-01 X 5500 0 0 0 5500 4675 0 0 0 4675 2067158 1122844 805420 108027 4103449 0 0 0 0 0 2067158 1122844 805420 108027 4103449 0 0 3739717 279595 247577 25908 4292797 0 0 0 0 CHRISTIAN LARSEN X 0 0 14 156649 18 118186860 PRESENTATION FEE 5500 0 118343509 5500 118349009 11A PRESENTATION FEE 0 0 0 0 0 0 0 0 0 0 X X 1 PHOTOMATH 16 MERCED AVE SAN FRANCISCO CA 94127 17500 X 2 RUMA 2/JL BULUNGAN NO 9 2 KEBAYORAN BARU JAKARTA ID 15000 X 3 COINSPH 28 BUKIT PASOH ROAD YEE LAN COURT SN 19980 X 4 CIGNIFI 245 FIRST STREET SUITE 1800 CAMBRIDGE MA 02142 15000 X 5 NEXLEAF ANALYTICS 2356 PELHAM AVENUE LOS ANGELES CA 90064 10000 X 6 ANDELA INC 129 WEST 29TH STREET 4TH FLOOR NEW YORK NY 10001 20000 X 7 VISIONSPRING 505 8TH AVENUE SUITE 12A07 NEW YORK NY 10018 5000 X 8 PLAYWORKS 517 4TH STREET OAKLAND CA 94607 30000 X 9 ALLLIFE 2 LIBRIDGE BUILDING 3 JOHANNESBURG SF 14995 X 10 TIENDA PAGO MANAGEMENT LLC 1250 E HALLANDALE BEACH BOULEVARD S HALLANDALE BEACH FL 33009 7500 X 11 RIPPLE INC 585 BROADWAY STREET REDWOOD CITY CA 94063 174452000 X 12 CHRISTIAN LARSEN C/O 585 BROADWAY STREET REDWOOD CITY CA 94063 3959300 X 11 APPRECIATION OF XRP CRYPTOCURRENCY PREVIOUSLY PLEDGED - 1,000,000,000 UNITS 174452000 2017-10-06 12 XRP CRYPTOCURRENCY - 20,000,000 UNITS 3959300 2017-05-22 ACCOUNTING 206803 103402 0 103401 CHANGE IN BEGINNING NET ASSETS FORM 990-PF, PART II LINE 24 & 25 THE BEGINNING BALANCE SHEET REFLECTS A RECLASS OF PRIOR YEAR RETAINED EARNINGS TO FOLLOW SFAS 117 XRP HOLDINGS FMV 1135349447 1135349447 ARRINGTON CAPITAL FUND, LP FMV 30782928 30782928 BLOCKCHAIN CAPITAL IV, LP FMV 5075334 5075334 LEGAL 156038 48647 0 104120 ASSETS HELD FOR OTHERS 389684 0 0 DEPOSITS 0 75120 75120 CONTRIBUTION HELD IN ESCROW 15786241 15786241 MARKETING 210 0 0 438 CONFERENCE SPONSORSHIP 8558 0 0 8558 INSURANCE 14691 0 0 22834 BANK FEES 52842 49792 0 3050 DUES AND SUBSCRIPTIONS 16601 0 0 18651 RESEARCH 23600 0 0 0 ADMINISTRATIVE EXPENSES 1444 0 0 248 PENALTIES 250 0 0 0 OFFICE EXPENSES 20535 0 0 19398 POSTAGE 365 0 0 364 WORKERS' COMPENSATION 23809 0 0 23611 MEALS AND ENTERTAINMENT 24212 0 0 16285 OTHER EXPENSES 4341 0 0 3385 PRESENTATION FEE 5500 5500 UNREALIZED GAIN 876927667 PRIOR YEAR ADJUSTMENT TO DEFERRED EXCISE TAX EXPENSE 624400 LIABILITY TO OTHERS 389684 0 INCOME TAXES PAYABLE 61152 36069 DEFERRED TAX LIABILITY 1747294 22706989 ACCRUED PAYROLL LIABILITIES 0 93081 DEFERRED RENT 0 5581 OTHER ACCRUED EXPENSES 0 30243 OTHER 85584 0 0 86129 THE FAIR VALUE OF XRP HOLDINGS IS ESTIMATED ANNUALLY AS OF MAY 1ST BASED ON AN INDEPENDENT VALUATION. THE VALUATION IS BASED ON THE MARKET PRICES ON THIRD PARTY EXCHANGES, ADJUSTED FOR A DISCOUNT OF 40% FOR REDUCTION IN VALUE FOR PRICE PRESSURE DUE TO SHARE VOLUME AND HOLDING PERIOD PRICE RISK. THE PRICE PRESSURE AND HOLDING DISCOUNT TAKES INTO ACCOUNT RESTRICTIONS ON THE FOUNDATION TO LIMIT DAILY SALES OF XRP TO A PERCENTAGE OF THE PREVIOUS 24 HOURS TOTAL TRADING VOLUME ON DESIGNATED EXCHANGES. PAYROLL TAXES 81167 0 0 73494 FEDERAL EXCISE TAX 2371331 0 0 0 DEFERRED EXCISE TAX 21584095 0 0 0 OTHER 259 0 0 259