Aleo Network Foundation

EIN: 932462765

Cheyenne, WY

Total Revenue
$260,535,815
Total Expenses
$197,837,814
Total Assets
$64,885,525
Net Assets
$62,729,183
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
WY
Principal Officer
Dylan Harada
Phone
8332720333
Tax Period
2024-01-01 to 2024-12-31

Aleo Network Foundation, founded in 2023, is a major nonprofit that reported $260.5M in total revenue in fiscal year 2024. Revenue surged 834122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62.7M, a strong 24% operating margin.

Mission

The Aleo Foundation is devoted to educating the public on the potential of applied cryptography and specifically zero-knowledge proofs in the context of decentralized technologies like the internet. Its mission is to encourage an educational sandbox in which to explore this new, but important design space, and to inspire and educate a diverse generation of developers and aspiring developers to explore the promise and potential of these technologies for promoting the public good. It will do this by: promoting awareness of open-source toolkits that leverage this technology encouraging related training fostering an open-source ecosystem of related technologies and funding grants that help promote or leverage this technology.

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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 (2024)

Revenue Breakdown

Contributions & Grants $37,301,895
Program Service Revenue $1,467,000
Investment Income $221,755,149
Other Revenue $11,771
TOTAL REVENUE $260,535,815

Expense Breakdown

Grants Paid $31,290,059
Salaries & Benefits $5,451,426
Fundraising Expenses $6,024,151
Program Expenses $182,575,653
Other Expenses $161,096,329
TOTAL EXPENSES $197,837,814

Year-over-Year Comparison

2024 2023 Change
Revenue $260,535,815 $31,231 +8341.2%
Expenses $197,837,814 $49 +4037505.4%
Net Income $62,698,001 $31,182 +2009.7%
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

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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
4
Independent Members
3
Employees
26
Volunteers
N/A

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
2
$657,908
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sina Kian Chief Legal Officer 43.00
$552,400 $216 $552,616
Dylan Harada Executive Dir. 43.00
Officer
$325,600 $10,624 $336,224
Alex Pruden Executive Dir. 43.00
Officer
$321,467 $217 $321,684
Leena Im VP of Policy 43.00
$279,800 $241 $280,041
Kari Zeni Deputy General Counsel 43.00
$275,000 $1,035 $276,035
Liron Tenzer VP Finance and Accounting 43.00
$224,800 $209 $225,009
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 $260,535,815 $197,837,814 $64,885,525 $62,698,001
2023 $31,231 $49 $17,031,182 $31,182
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