DEMOCRACY EARTH FOUNDATION

EIN: 371776296 501(c)(3) Education

NEW YORK, NY

Total Revenue
$323,495
Total Expenses
$86,283
Total Assets
$4,910
Net Assets
$-57,113
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
SANTIAGO SIRI
Phone
6503009874
Tax Period
2020-01-01 to 2020-12-31

DEMOCRACY EARTH FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $323K in total revenue in fiscal year 2020. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $237K, a strong 73% operating margin.

Mission

DEMOCRACY EARTH FOUNDATION HAS THE MISSION TO ADVANCE DEMOCRACY FOR THE INFORMATION AGE. IT RESEARCHES AND DEVELOPES FREE AND OPEN SOURCE SOFTWARE THAT CAN HELP DEPLOY DEMOCRACIES ANYWHERE THERE IS AN INTERNET CONNECTION USING CENSORSHIP RESISTANT NETWORKS. WE FOCUS ON ENABLING THE CREATION OF DISTRIBUTED AUTONOMOUS ORGANIZATIONS(DAOS) THAT CAN HELP DEPLOY GOVERNANCE ENTITIES USING BLOCKCHAIN BASED TECHNOLOGY THAT CAN OPERATE ONLINE AND APPLY NOVEL GAME THEORY TO IMPROVE SOCIAL COORDINATION.

Program Service Accomplishments

Program 1
Expenses: $41,687

PROOF OF HUMANITY: DEMOCRACY EARTH FOUNDATION IS A CO-FOUNDER OF THE PROOF OF HUMANITY PROJECT THAT BUILDS A DECENTRALIZED INDEX OF HUMAN IDENTITIES USING SMART CONTRACTS. SUBMITTERS HAVE TO CREATE...

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PROOF OF HUMANITY: DEMOCRACY EARTH FOUNDATION IS A CO-FOUNDER OF THE PROOF OF HUMANITY PROJECT THAT BUILDS A DECENTRALIZED INDEX OF HUMAN IDENTITIES USING SMART CONTRACTS. SUBMITTERS HAVE TO CREATE AN ONLINE VIDEO OF THEMSELVES STATING THAT THEY CERTIFY THEY ARE REAL HUMANS AND ARENT REGISTERED IN THE SYSTEM. DURING A PERIOD OF 3 DAYS, PROFILES CAN BE CHALLENGED IF THEY DO NOT MEET THE REQUIRED CRITERIA AND GET SENT TO AN ARBITRATION SYSTEM THAT WILL ULTIMATELY DECIDE THE VALIDITY OF HUMAN IDENTITIES. PROOF OF HUMANITY ALLOWS ON THE ETHEREUM NETWORK TO SIGNAL A LIST OF HUMAN BEINGS WITHOUT DUPLICATES OR FAKE PROFILES. THIS CAN BE USED TO CREATE ONLINE VOTES AND ALL KINDS OF SOCIAL SYSTEMS BEING BUILT WITH SMART CONTRACT TECHNOLOGY.

Program 2
Expenses: $32,289

UNIVERSAL BASIC INCOME (UBI):DEMOCRACY EARTH FOUNDATION WORKED ON THE DEVELOPMENT OF A UNIVERSAL BASIC INCOME SMART CONTRACT THAT WORKS AS A UTILITY THAT HELPS EVERY HUMAN REGISTERED VIA PROOF OF...

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UNIVERSAL BASIC INCOME (UBI):DEMOCRACY EARTH FOUNDATION WORKED ON THE DEVELOPMENT OF A UNIVERSAL BASIC INCOME SMART CONTRACT THAT WORKS AS A UTILITY THAT HELPS EVERY HUMAN REGISTERED VIA PROOF OF HUMANITY TO ACCRUE TOKENS OVER TIME. UBI WORKS AS AN ETHEREUM COMPATIBLE TOKEN AND CAN BE USED TO MAKE ALL KINDS OF BLOCKCHAIN-ENABLED TRANSACTIONS.

Program 3
Expenses: $10,581

DEMOCRATIC DISTRIBUTED AUTONOMOUS ORGANIZATIONS (DAO):DEMOCRACY EARTH FOUNDATION BUILT THE FIRST DEMOCRATIC DAO ON ETHEREUM BY COMBINING PROOF OF HUMANITY AND VOTING SOLUTIONS LIKE SNAPSHOT THAT...

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DEMOCRATIC DISTRIBUTED AUTONOMOUS ORGANIZATIONS (DAO):DEMOCRACY EARTH FOUNDATION BUILT THE FIRST DEMOCRATIC DAO ON ETHEREUM BY COMBINING PROOF OF HUMANITY AND VOTING SOLUTIONS LIKE SNAPSHOT THAT ALLOW PARTICIPANTS TO CAST VOTES. THANKS TO THE INTEGRATION WITH PROOF OF HUMANITY, THE SYSTEM IS VERY HARD TO GAME WITH FALSE IDENTITIES. THE PROOF OF HUMANITY DAOS ALSO IMPLEMENT LIQUID DEMOCRACY AND ALLOW FOR USERS TO DELEGATE THEIR VOTE TO OTHERS.

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Trantor Score

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $323,495
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $323,495

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,684
Fundraising Expenses $0
Program Expenses $84,557
Other Expenses $18,599
TOTAL EXPENSES $86,283

Year-over-Year Comparison

2020 2019 Change
Revenue $323,495 $218,824 +0.5%
Expenses $86,283 $250,753 -0.7%
Net Income $237,212 $-31,929 -8.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
3
Independent Members
1
Employees
2
Volunteers
10

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
3
$53,983
Total Directors
3
$53,983
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANTIAGO SIRI PRESIDENT 40.00
Officer Director
$31,009 $0 $31,009
PIA MANCINI SECRETARY 10.00
Officer Director
$0 $0 $0
HERB STEPHENS TREASURER 10.00
Officer Director
$22,974 $0 $22,974
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
2020 $323,495 $86,283 $4,910 $237,212
2019 $218,824 $250,753 $4,910 $-31,929
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