IOTA FOUNDATION

EIN: 201194576 501(c)(3) Education

PETALUMA, CA

Total Revenue
$26,564
Total Expenses
$23,355
Total Assets
$440,375
Net Assets
$440,375
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
MATT TUNNEY
Phone
7077629900
Tax Period
2022-01-01 to 2022-12-31

IOTA FOUNDATION, founded in 2009, is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $23K left a modest 12% surplus.

Mission

THE IOTA FOUNDATION'S MISSION IS TO (A) SUPPORT THE EDUCATIONAL AND CHARITABLE PROGRAMS AND ACTIVITIES OF THE IOTA CHAPTER OF ZETA PSI FRATERNITY (THE "FRATERNITY") AT THE UNIVERSITY OF CALIFORNIA, BERKELEY (BERKELEY); (B) PROMOTE AND FURTHER ACADEMIC EXCELLENCE AT BERKELEY; (C) PROVIDE ACADEMIC SCHOLARSHIPS AND SUPPORT TO QUALIFIED NEEDY AND DESERVING INDIVIDUALS; (D) CONDUCT AND SUPPORT THE CHARITABLE AND OTHER COMMUNITY SERVICE PROGRAMS AND PROJECTS OF THE FRATERNITY AND BERKELEY; AND (E) PERFORMING SUCH OTHER ACTIVITIES AS ARE CONSISTENT WITH ITS EXEMPT PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $25,737
Program Service Revenue $0
Investment Income $-250
Other Revenue $1,077
TOTAL REVENUE $26,564

Expense Breakdown

Grants Paid $18,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,368
Other Expenses $5,355
TOTAL EXPENSES $23,355

Year-over-Year Comparison

2022 2021 Change
Revenue $26,564 $40,792 -0.3%
Expenses $23,355 $1,827 +11.8%
Net Income $3,209 $38,965 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MARINO LEFT 07012022 SECRETARY 1.00
Officer Director
$0 $0 $0
RAY POUNDS TREASURER 2.00
Officer Director
$0 $0 $0
SAM SKINNER SECRETARY 1.00
Officer Director
$0 $0 $0
GREIG LAGOMARSINO LEFT 07012022 TRUSTEE 1.00
Director
$0 $0 $0
MATT TUNNEY PRESIDENT 3.00
Officer Director
$0 $0 $0
MIKE MAECHLING JOINED 07012022 VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
DAN MEADE JOINED 07012022 TRUSTEE 1.00
Director
$0 $0 $0
ROB GIBBONS JOINED 07012022 TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2022 $26,564 $23,355 $440,375 $3,209
2021 $40,792 $1,827 $437,166 $38,965
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