DECENTRALIZED WIRELESS FOUNDATION INC: Form 990, tax year 2024
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- Organization
- DECENTRALIZED WIRELESS FOUNDATION INC (EIN 87-1704800)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2026-04-16
- IRS object ID
- 202601069349301215
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-04-16T13:55:02-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 W RIVERSIDE AVENUE STE 1800 | AddressLine1Txt |
| City | SPOKANE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 871704800 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DECENTRALIZED WIRELESS FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DECE | BusinessNameControlTxt |
| Phone | 7183162254 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 680 S CACHE STREET STE 100-10219 | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 83001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT SIGEL | PersonNm |
| Person Title | COO | PersonTitleTxt |
| Phone | 7183162254 | PhoneNum |
| Signature | 2026-04-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EMINA O CRESSWELL | PreparerPersonNm |
| PTIN | P01217304 | PTIN |
| Phone | 5097472600 | PhoneNum |
| Preparation | 2026-04-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HELIUM FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ABHAY KUMAR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 680 S CACHE STREET STE 100-10219 | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 83001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $35,192,479 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTPS://WWW.HELIUM.FOUNDATION/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2021 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS REGARDING THE USE, IMPLEMENTATION, AND DEVELOPMENT OF PEER-TO-PEER WIRELESS NETWORKS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,786,123 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $63,582 | CYProgramServiceRevenueAmt |
| PY Investment Income | $623,605 | PYInvestmentIncomeAmt |
| CY Investment Income | $35,128,897 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $14,409,728 | PYTotalRevenueAmt |
| CY Total Revenue | $35,192,479 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,978,447 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,403,267 | PYOtherExpensesAmt |
| CY Other Expenses | $6,994,569 | CYOtherExpensesAmt |
| PY Total Expenses | $9,403,267 | PYTotalExpensesAmt |
| CY Total Expenses | $12,973,016 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,006,461 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $22,219,463 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $19,370,927 | TotalAssetsBOYAmt |
| Total Assets EOY | $37,650,061 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,110,169 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $364,377 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $17,260,758 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $37,285,684 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS REGARDING THE USE, IMPLEMENTATION, AND DEVELOPMENT OF PEER-TO-PEER WIRELESS NETWORKS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | THE FOUNDATION PROMOTES THE DEVELOPMENT OF PEER-TO-PEER WIRELESS NETWORKS; EDUCATES THE PUBLIC REGARDING THE VALUE OF DECENTRALIZED WIRELESS NETWORKS; PROVIDES GRANTS TO PROJECTS THAT CREATE OPEN SOURCE DEVELOPER TOOLS, NETWORK ANALYTICS, AND EDUCATION REGARDING PEER-TO-PEER WIRELESS NETWORKS; AND CREATES A FRAMEWORK FOR BUSINESSES USING PEER-TO-PEER WIRELESS NETWORKS TO COLLABORATE. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 11 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SONYA BAUMSTEIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7183162254 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 595 PACIFIC AVE FL 4 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94133 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ABHAY KUMAR | |||||||
| CEO & BOARD CHAIR | 40.00 | Yes (X) | Yes (X) | $3,357,672 | $0 | $0 | |
| JOSH KERSHNER | |||||||
| GENERAL COUNSEL & SECRETARY | 41.00 | Yes (X) | Yes (X) | $967,784 | $0 | $25,358 | |
| JAIME WILKINSON | |||||||
| DIRECTOR | 2.00 | Yes (X) | $99,482 | $0 | $0 | ||
| ARMAN DEXFUKI-ARJOMANDI | |||||||
| DIRECTOR | 2.00 | Yes (X) | $76,999 | $0 | $0 | ||
| AMIRA VALLIANI | |||||||
| DIRECTOR | 2.00 | Yes (X) | $45,862 | $0 | $0 | ||
| SCOTT SIGEL | |||||||
| CHIEF OPERATING OFFICER | 40.00 | Yes (X) | $1,405,292 | $0 | $0 | ||
| NOAH PRINCE | |||||||
| SENIOR DIRECTOR OF ENGINEERING (THRU 08/2024) | 60.00 | $1,395,586 | $0 | $17,546 | Yes (X) | ||
| BRYAN ZETTLER | |||||||
| SOFTWARE ENGINEER | 40.00 | $623,419 | $0 | $12,925 | Yes (X) | ||
| MATTHEW THIERY | |||||||
| SOFTWARE ENGINEER | 40.00 | $281,642 | $0 | $26,145 | Yes (X) | ||
| JOSEPH HILLER | |||||||
| SENIOR TECHNICAL DIRECTOR, LORAWAN | 40.00 | $270,909 | $0 | $5,258 | Yes (X) | ||
| SONYA BAUMSTEIN | |||||||
| DIRECTOR OF FINANCE | 40.00 | $258,952 | $0 | $24,369 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,783,599 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $111,601 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| RIPPLING PEO 1 INC | |||||
| 141 EAST HOUSTON STREET 7TH FLOOR | NEW YORK | NY | 10002 | PROFESSIONAL EMPLOYEE SERVICES | $10,655,604 |
| MORRISON COHEN LLP | |||||
| 909 3RD AVENUE | NEW YORK | NY | 10022 | LEGAL | $533,429 |
| ALLISON PARTNERS | |||||
| 40 GOLD STREET | SAN FRANCISCO | CA | 94133 | PUBLIC RELATIONS | $315,354 |
| PAPAYA GLOBAL | |||||
| 200 WEST 41ST STREET | NEW YORK | NY | 10036 | INTERNATIONAL PAYROLL | $293,100 |
| MATCHA DESIGN LABS | |||||
| 111 CONGRESS AVENUE SUITE 2900 | AUSTIN | TX | 78701 | COMPUTER DESIGN | $109,960 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ISSUANCE INCOME | 517000 | $46,167 | $46,167 |
| MEMBERSHIP DUES | 517000 | $17,415 | $17,415 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $63,582 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,805,119 | TotalRevenueColumnAmt |
| Exclusion | $3,805,119 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $31,323,778 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $31,323,778 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,323,778 | TotalRevenueColumnAmt |
| Exclusion | $31,323,778 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,192,479 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $63,582 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,128,897 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,978,447 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $608,516 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,633 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,087,449 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $364,756 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,511 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,355 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,127 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,648 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,723 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| MEMBER ISSUANCE EXPENSE | $161,381 |
| MEMBERSHIP & DUES | $10,002 |
| TAXES, LICENSES, & FEES | $4,318 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,973,016 | TotalAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,015,241 | BOYAmt |
| EOY | $9,182,341 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,311,699 | BOYAmt |
| EOY | $5,823 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,174,412 | BOYAmt |
| EOY | $22,735,643 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,378 | BOYAmt |
| EOY | $216,792 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $2,427,978 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $754,680 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,382 | BOYAmt |
| EOY | $3,081,484 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,370,927 | BOYAmt |
| EOY | $37,650,061 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $208,169 | BOYAmt |
| EOY | $364,377 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,902,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,110,169 | BOYAmt |
| EOY | $364,377 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,260,758 | BOYAmt |
| EOY | $37,285,684 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,260,758 | BOYAmt |
| EOY | $37,285,684 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,370,927 | BOYAmt |
| EOY | $37,650,061 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $22,219,463 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$2,194,537 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | Yes (1) | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CRYPTOCURRENCY | Desc |
| Book Value | $2,427,978 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $2,427,978 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| LEGAL TRUST DEPOSITS | $17,829 |
| COLLATERAL FOR GENESIS LOAN | $3,063,655 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,081,484 | TotalBookValueOtherAssetsAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ABHAY KUMAR | ||||||||||||||
| CEO & BOARD CHAIR | $3,357,672 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3,357,672 | $0 | $0 | $0 |
| NOAH PRINCE | ||||||||||||||
| SENIOR DIRECTOR OF ENGINEERING (THRU | $814,103 | $0 | $512,500 | $0 | $68,983 | $0 | $0 | $0 | $17,546 | $0 | $1,413,132 | $0 | $0 | $0 |
| SCOTT SIGEL | ||||||||||||||
| CHIEF OPERATING OFFICER | $891,488 | $0 | $513,804 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,405,292 | $0 | $0 | $0 |
| JOSH KERSHNER | ||||||||||||||
| GENERAL COUNSEL & SECRETARY | $125,070 | $0 | $451,881 | $0 | $390,833 | $0 | $0 | $0 | $25,358 | $0 | $993,142 | $0 | $0 | $0 |
| BRYAN ZETTLER | ||||||||||||||
| SOFTWARE ENGINEER | $198,283 | $0 | $175,000 | $0 | $250,136 | $0 | $0 | $0 | $12,925 | $0 | $636,344 | $0 | $0 | $0 |
| MATTHEW THIERY | ||||||||||||||
| SOFTWARE ENGINEER | $139,561 | $0 | $68,672 | $0 | $73,409 | $0 | $0 | $0 | $26,145 | $0 | $307,787 | $0 | $0 | $0 |
| SONYA BAUMSTEIN | ||||||||||||||
| DIRECTOR OF FINANCE | $163,530 | $0 | $76,744 | $0 | $18,678 | $0 | $0 | $0 | $24,369 | $0 | $283,321 | $0 | $0 | $0 |
| JOSEPH HILLER | ||||||||||||||
| SENIOR TECHNICAL DIRECTOR, LORAWAN | $156,643 | $0 | $62,534 | $0 | $51,732 | $0 | $0 | $0 | $5,258 | $0 | $276,167 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | MATTHEW THIERRY RECEIVED SEVERANCE OF $71,194 NOAH PRINCE RECEIVED SEVERANCE OF $41,676 JOSEPH HILLER RECEIVED SEVERANCE OF $45,154 JOSHUA KERSHNER RECEIVED SEVERANCE OF $376,788 BRYAN ZETTLER RECEIVED SEVERANCE OF $160,833 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | OUR GENERAL COUNSEL (WHO ALSO SERVED AS CORPORATE SECRETARY) WAS RESPONSIBLE FOR THE COI POLICY. DURING BOARD MEETINGS, ANY VOTES OR MATTERS THAT MIGHT RAISE A CONFLICT THOSE WERE PROACTIVELY ACKNOWLEDGED BY BOARD MEMBERS, ALTERNATIVELY OUR GC WOULD INQUIRE IF ANYONE HAD A CONFLICT ON A RELEVANT VOTE OR OTHER MATTER THAT WOULD UNFAIRLY ADVANTAGE A BOARD MEMBER. |
| FORM 990, PART VI, SECTION B, LINE 15 | AS PART OF THE CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER'S COMPENSATION DETERMINATION, THE BOARD OF DIRECTORS REVIEWS COMPENSATION AND BENEFITS STUDIES PROVIDED BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE) TO ACCESS COMPARABLE COMPENSATION PACKAGES, MARKET DATA, AND OTHER VARIABLES AS PART OF THE DELIBERATION AND APPROVAL PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL EMPLOYEE ORGANIZATION FEES 4,677,157. OTHER PROFESSIONAL FEES 410,292. |
| SCHEDULE J, PART I, LINE 3: | THE ORGANIZATION CONTRACTED WITH AN OUTSIDE LAW FIRM TO CREATE A REPORT DETERMINING EXECUTIVE COMPENSATION, WHICH WAS THEN APPROVED BY THE BOARD. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DECENTRALIZED WIRELESS LTD | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | FLOOR 4 WILLOW HOUSE | AddressLine1Txt |
| City | CRICKET SQUARE | CityNm |
| Province Or State | GRAND CAYMAN | ProvinceOrStateNm |
| Country | CJ | CountryCd |
| Foreign Postal | KY1-9010 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | ENGINEERING | PrimaryActivitiesTxt |
| Legal Domicile Foreign Country | CJ | LegalDomicileForeignCountryCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DECENTRALIZED WIRELESS FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $77,833 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $26,461,814 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| DECENTRALIZED WIRELESS LTD | ||
| D | $25,060,599 | FMV |
| DECENTRALIZED WIRELESS LTD | ||
| M | $10,917,686 | ESTIMATE |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE DECENTRALIZED WIRELESS FOUNDATION (THE "FILER"), TO RESPECTFULLY REQUEST ABATEMENT OF ANY PENALTIES ASSESSED IN CONNECTION WITH THE LATE FILING OF ITS 2024 INFORMATIONAL TAX RETURN. THE DELAYS RESULTED DUE TO EXTRAORDINARY AND COMPOUNDING PERSONAL HARDSHIPS OF THE PERSON TASKED WITH MANAGING THE FILER'S FINANCES AND FILING THE INFORMATIONAL RETURN, EVENTS WELL BEYOND THE FILER'S CONTROL, AND THAT REASONABLE CAUSE EXISTS TO SUPPORT THE RELIEF REQUESTED. THE FILER RECOGNIZES THE IMPORTANCE OF TIMELY FILINGS, ACCEPTS RESPONSIBILITY FOR THE OVERSIGHT, AND RESPECTFULLY PRESENTS BACKGROUND INFORMATION ALONG WITH AN ACCOUNT OF CORRECTIVE ACTIONS TAKEN.THE DECENTRALIZED WIRELESS FOUNDATION HAS OPERATED WITH A SINGLE IN-HOUSE ACCOUNTANT WHO BEARS SOLE RESPONSIBILITY FOR MANAGING ITS FINANCIAL RECORDS. THIS IS NOT A SIMPLE UNDERTAKING EASILY PASSED OFF TO ANOTHER PROFESSIONAL: THE FILER'S BOOKS SPAN BOTH A U.S. ENTITY AND AN OVERSEAS ENTITY, INVOLVING A LEVEL OF COMPLEXITY THAT REQUIRES SIGNIFICANT INSTITUTIONAL KNOWLEDGE TO NAVIGATE ACCURATELY. THE DETAILED KNOWLEDGE REQUIRED OF AN INFORMATIONAL RETURN FOR TAX YEAR 2024 RESIDED, AND CONTINUES TO RESIDE, ALMOST ENTIRELY WITH ONE INDIVIDUAL. OVER THE COURSE OF 2025 AND INTO 2026, THAT INDIVIDUAL EXPERIENCED A SEQUENCE OF SERIOUS PERSONAL HARDSHIPS THAT SUBSTANTIALLY IMPAIRED HER ABILITY TO FULFILL HER PROFESSIONAL RESPONSIBILITIES. IN THE THIRD QUARTER OF 2025, SHE SUFFERED A MISCARRIAGE, FOLLOWED BY RELATED HEALTH COMPLICATIONS REQUIRING ONGOING PERSONAL CARE AND RECOVERY. IN THE FOURTH QUARTER OF 2025, HER FATHER FELL GRAVELY ILL, AND A SEPARATE FAMILY MEMBER PASSED AWAY AROUND THE SAME TIME. AS A SINGLE MOTHER, SHE FOUND HERSELF SERVING SIMULTANEOUSLY AS SOLE CAREGIVER FOR HER FATHER AND AS EXECUTOR OF HER FAMILY MEMBER'S ESTATE, ROLES THAT CONSUMED AN EXTRAORDINARY AMOUNT OF HER TIME AND EMOTIONAL BANDWIDTH DURING WHAT SHOULD HAVE BEEN A CRITICAL PERIOD OF YEAR-END CLOSE. AS A RESULT, SHE WAS ON AN EXTENDED LEAVE OF ABSENCE FROM HER JOB WITH FILER WHILE SHE SOUGHT MEANINGFUL PHYSICAL AND MENTAL RECOVERY. IN THE FIRST QUARTER OF 2026, SHE BECAME PREGNANT AND SUBSEQUENTLY UNDERWENT EMERGENCY SURGERY, WHICH RESULTED IN FURTHER DELAYS AND INTERRUPTIONS TO ONGOING WORK. THROUGHOUT THIS PERIOD, FILER WAS UNABLE TO MEANINGFULLY BACKFILL THIS ROLE. THE COMPLEXITY OF THE ACCOUNTING WORK, AND THE INSTITUTIONAL KNOWLEDGE REQUIRED TO PERFORM IT, MADE TEMPORARY REPLACEMENT IMPRACTICAL. AS A DIRECT CONSEQUENCE, FILER'S OUTSIDE CPA FIRM WAS NOT ABLE TO RECEIVE THE INFORMATION NECESSARY TO PREPARE AND FILE THE RETURNS UNTIL AFTER THE NOVEMBER 2025 DEADLINE, NOR WAS IT ABLE TO ENGAGE IN THE MEANINGFUL DIALOGUE REQUIRED TO PREPARE ACCURATE NARRATIVES REGARDING FILER'S ACTIVITY DURING THE REPORTING YEAR.THE DELAYS IN FILING WERE NOT THE PRODUCT OF NEGLECT OR WILLFUL DISREGARD. THEY WERE THE RESULT OF A SERIES OF CASCADING, UNFORESEEABLE HUMAN TRAGEDIES AFFECTING THE ONE PERSON UPON WHOM FILER'S FINANCIAL FUNCTION DEPENDED. THE FILER TOOK NO SHORTCUTS AND MADE NO DELIBERATE CHOICE TO DEFER ITS OBLIGATIONS. IT SIMPLY FOUND ITSELF, THROUGH NO FAULT OF ITS OWN, WITHOUT THE OPERATIONAL CAPACITY TO MEET THEM ON TIME. IT HAS HISTORICALLY FILED ITS INFORMATIONAL RETURNS TIMELY BASED ON A VALID EXTENSION. FILER RESPECTFULLY SUBMITS THAT THESE CIRCUMSTANCES CONSTITUTE REASONABLE CAUSE FOR PURPOSES OF PENALTY ABATEMENT UNDER I.R.C. 6652(C) AND 26 CFR 301.6724-1.FILER WOULD ALSO NOTE THAT IT IS CURRENTLY IN A WIND-DOWN PROCESS. FILER IS NOT SEEKING TO EVADE ITS OBLIGATIONS, IT IS WORKING DILIGENTLY TO FULFILL THEM RESPONSIBLY AND TO CLOSE ITS AFFAIRS IN GOOD ORDER. WHILE DRAMATIC REMEDIAL ACTIONS HAVE LIMITED VALUE ON AN ORGANIZATION IN WIND-DOWN MODE, FILER HAS NEVERTHELESS UNDERTAKEN STEPS TO ENSURE ITS FINAL FILING DEADLINES ARE TIMELY MET. | ExplanationTxt |
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