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Zcash Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820707962 ✦ Mclean, VA ✦ Designated as a 501(c)(3)

Overview

What is Zcash Foundation?

The Zcash Foundation is a McLean, Virginia-based nonprofit organization dedicated to building financial privacy infrastructure for public use, primarily centered around the Zcash protocol and blockchain. This foundation is governed by a technology advisory board, Zcash Community Grants (ZCG), consisting of five members chosen by the Zcash Community Advisory Panel (ZCAP) through open elections. ZCG's activities are funded via the Dev Fund outlined in ZIP 1014. The mission of the Zcash Foundation is to ensure the longevity and enhancement of open financial networks, enabling individuals to safeguard their privacy with their preferred methods. Although the primary focus is on the Zcash ecosystem, the foundation extends its support to zero knowledge proofs and other financial privacy applications.


Official website here: www.zfnd.org

Is Zcash Foundation legitimate?

Zcash Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zcash Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $477,805
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,089

For more financial information, click here


Official website here: www.zfnd.org

What is the mission statement of Zcash Foundation?

The Zcash Foundation is dedicated to creating financial privacy infrastructure for the benefit of the public, primarily serving users of the Zcash protocol and blockchain. The foundation's mission is to support the development and enhancement of open financial networks, enabling individuals to protect their privacy on their own terms. While the primary focus is on the Zcash protocol and blockchain, the foundation also explores broader applications of zero-knowledge proofs and other financial privacy approaches. The Zcash Community Grants (ZCG), a technology advisory board of the Zcash Foundation, is responsible for granting funds to projects that align with this mission. These grants are chosen by a committee elected through the Zcash Community Advisory Panel (ZCAP), and their activities are funded through the Dev Fund outlined in ZIP 1014.


Official website here: www.zfnd.org

Who is the CEO of Zcash Foundation?

Andrew Miller is the Chairman/Treasurer of Zcash Foundation.


Official website here: www.zfnd.org

What is the revenue of Zcash Foundation?

Zcash Foundation's revenue in 2022 was $12,972,220.


Official website here: www.zfnd.org

Who are the executives of Zcash Foundation and what are their salaries?

The average compensation at Zcash Foundation during 2022 was $122,112. There are 8 employees at Zcash Foundation.

Here are 11 key members and their salaries:

    Deirdre Connolly (Cryptography Engineer)
  • Compensation: $324,933
  • Related: $0
  • Other: $8,700

    • Jack Gavigan (Executive Director)
  • Compensation: $256,642
  • Related: $0
  • Other: $0

    • Alex Bornstein (Chief Operating Officer)
  • Compensation: $215,585
  • Related: $0
  • Other: $5,578

    • Danika Delano (Operations Director)
  • Compensation: $121,401
  • Related: $0
  • Other: $8,557

    • Andrew Miller (Chairman/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Van Valkenburgh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amber Baldet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ian Miers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jw Verret (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marta Belcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.zfnd.org

    Where can I find the form 990 for Zcash Foundation?

    The Zcash Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.zfnd.org

    Learn more at the official website: www.zfnd.org

    Mission Statement of Zcash Foundation

    The Zcash Foundation is a leading organization dedicated to constructing private financial infrastructure for the public benefit, predominantly catering to users of the Zcash protocol and blockchain. This nonprofit entity's mission revolves around fostering and enhancing open financial networks that enable individuals to safeguard their privacy on their own terms. Although the Zcash Foundation primarily focuses on the Zcash protocol and blockchain, it also extends its support to broader applications of zero knowledge proofs and other methods for financial privacy.

    In simple terms, the Zcash Foundation aims to create an environment where everyone can protect their financial privacy, giving them the freedom and control they deserve. The organization's primary objective is to ensure that the Zcash protocol and blockchain continue to thrive and adapt to the evolving needs of the digital finance landscape. Moreover, the Zcash Foundation advocates for and invests in research and development that pushes the boundaries of financial privacy technologies.

    Additionally, the Zcash Foundation operates the Zcash Community Grants (ZCG), a technology advisory board that makes funding decisions based on the recommendations of the Zcash Community Advisory Panel (ZCAP) in an open election. The ZCG committee, comprised of five members, is responsible for selecting grants to support various projects that align with the Zcash Foundation's mission and objectives. The foundation's funding for these activities comes from the Dev Fund mentioned in ZIP 1014.

    Impact

    This information is meant to be a general summary of Zcash Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Zcash Foundation's impact lies in its dedication to building financial privacy infrastructure for the public good. By supporting the Zcash protocol and blockchain, the foundation enables users to protect their privacy on their own terms within open financial networks. Through initiatives like the Zcash Community Grants, the foundation fosters technological advancements in zero knowledge proofs and financial privacy, ultimately contributing to the advancement of science research in this essential field.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-1,988,177
  • Program Service Revenue: $20,979
  • Gross Receipts: $14,964,459

    • Assets and Liabilities:
  • Total Assets: $21,828,619
  • Total Liabilities: $215,254
  • Net Assets: $21,613,365
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Meeting Registration

    Revenue

    $20,979

    Organization Details

    Founding Year

    2017

    Principal Officer

    Andrew Miller

    Main Address

    1390 Chain Bridge Road A132, McLean, VA, 22101

    NTEE Category

    Code: U99 - Science research

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