2023-11-09T08:18:19-06:00 2022-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2022-01-01 820707962 Zcash Foundation ZCAS 5714185390 1390 Chain Bridge Road A132 McLean VA 22101 Andrew Miller Chair 5714185390 2023-11-09 1 Andrew Miller 999009999 1 Jie Chen CPA P01049760 7038930300 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Andrew Miller 1390 Chain Bridge Road A132 McLean VA 22101 14964459 0 X https://www.zfnd.org X 2017 DE The Zcash Foundation builds financial privacy infrastructure for the public good, primarily serving users of the Zcash protocol and blockchain. 6 5 8 0 0 0 25641403 14939418 0 20979 806190 -1988177 0 0 26447593 12972220 3269213 3089320 0 0 929187 1063296 0 0 0 1449160 2945931 5647560 7098547 20800033 5873673 32799974 21828619 1678837 215254 31121137 21613365 X Our mission at the Zcash Foundation is to help sustain and improve open financial networks that allow anyone and everyone to protect their own privacy, on their own terms. While our primary focus is the Zcash protocol and blockchain, we also support broader applications of zero knowledge proofs, as well as other approaches to financial privacy. 0 0 3393450 2929320 Zcash Community Grants (ZCG, formerly Zcash Open Major Grants, ZOMG) is a technology advisory board that constitutes a committee of the Zcash Foundation, under its bylaws. Grants are chosen by a committee of five members who are chosen by the Zcash Community Advisory Panel (ZCAP) in an open election. Funding for ZOMG's activities is provided via the Dev Fund specified in ZIP 1014. 1345627 60000 Protocol and Governance: The Zcash protocol and the open network it powers is a valuable, privacy-protecting internet infrastructure, developed and maintained by an open and diverse community of experts and enthusiasts. It is a tool for financial privacy that should always be freely available to the general public. The Zcash Foundation acts as a steward of the Zcash protocol, supporting its continued maintenance and improvement. 1174695 100000 20979 Community: The Zcash Foundation supports the expansion of Zcash into a large and healthy community with diverse stakeholders, held accountable to our user-base in the broadest sense. Our goal is creating tools that help sustain open networks, which enable individuals to protect their privacy on their own terms. Privacy comprises both autonomy and consent, which are essential to human dignity and the healthy continuation of civil society 494369 Science: Technical decisions are best supported by scientific activities, such as rigorous validation, empirical measurement, and continued innovation and refinement. We will therefore support these activities within our community. All cryptocurrencies, but especially Zcash, rely on cutting-edge contributions from the scientific research community, thus interaction with this community can also help the community stay healthy. We will encourage this scientific research and educate the public regarding the substance and benefits of these scientific developments. 494369 6408141 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 VA X X Watts Group Inc 7038658292 4161 Chain Bridge Road Fairfax VA 22030 Andrew Miller Chairman/Treasurer 0.50 X X 0 0 0 Peter Van Valkenburgh Director 0.50 X 0 0 0 Matthew Green Director 0.50 X 0 0 0 Amber Baldet Director 0.50 X 0 0 0 Ian Miers Director 0.50 X 0 0 0 JW Verret Director 0.50 X 0 0 0 Marta Belcher Director 0.50 X 0 0 0 Jack Gavigan Executive Director 40.00 X X 256642 0 0 Alex Bornstein Chief Operating Officer 40.00 X 215585 0 5578 Deirdre Connolly Cryptography Engineer 40.00 X 324933 0 8700 Danika Delano Operations Director 40.00 X 121401 0 8557 918561 0 22835 4 0 1 0 Jack Gavigan Kemp House 152160 City Road London UK EC1V 2NX Software Development 256642 CPL Gouvea TLDA Rua Comendador Torlogo Dauntre 74 Campinas SP BR 13025-270 Software Development 217333 T Software Pty Ltd PO Box 5170 West End QLD AS 4101 Software Development 185823 Livingston LLC PO Box 3401 Grand Junction CO 81502 Software Development 182144 Jorge Alfredo Garcia Etchart El Lido M 183 S8 Neptunia UY 15100 Software Development 138242 6 14939418 14928720 14939418 Meeting Registration 900099 20979 20979 20979 4062 4062 1992239 -1992239 -1992239 -1992239 12972220 20979 0 -1988177 X 1146641 1146641 242920 242920 1699759 1699759 477805 399305 78500 499089 417092 81997 31726 26513 5213 54676 45693 8983 138315 31472 106843 45635 45635 1754475 1506166 248309 19008 19008 147149 94984 52165 33305 28812 4493 81347 77417 3930 497168 473131 24037 26102 26102 Research expenses 202512 198332 4180 Dues and subscriptions 915 896 19 7098547 6408141 690406 0 7948039 7042176 65451 52286 24786484 14734157 32799974 21828619 1678837 215254 1678837 215254 X 30185057 6705376 936080 14907989 31121137 21613365 32799974 21828619 5873673 -21601716 6220271 0 X 0 0 0 X 14210732 5537112 4308228 25641403 14939418 64636893 14210732 5537112 4308228 25641403 14939418 64636893 20635919 44000974 341 26346 13389 2481 4062 46619 64683512 157130 0.68030 X 0 Virtual currency 14734157 F 14734157 1 North America - Canada and Mexico, but not the United States 0 0 Research grant 28500 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Research grant 491129 Middle East and North Africa 0 0 Research grant 660630 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 Education grant 34500 South Asia 0 0 Research grant 15000 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Research grant 470000 Europe (Including Iceland & Greenland) 0 2 Program Services Protocol and Science 31250 East Asia and the Pacific 0 1 Program services Protocol 38932 0 3 0 0 0 3 1769941 0 1769941 Middle East and North Africa Research Grant 0 660630 Cryptocurrency FMV Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium Research Grant 0 460180 Cryptocurrency FMV 2 0 Research grant East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 1 470000 Crystocurrency FMV Research grant Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu 2 28449 Cryptocurrency FMV Research grant North America 1 28500 Cryptocurrency FMV Education grant South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 2 49500 Cryptocurrency FMV 0 0 0 0 0 0 Part I, Line 2: All grant and grantee activities are public, including milestones reached, challenges encountered, and the results of completed projects. Zcash Foundation staff regularly check-in with grantees to ensure grant funds are being utilized appropriately and progress is being made on the funded projects. All grants are intended to further an exempt charitable, educational, or scientific purpose within the meaning of Section 501(c)(3) of the Internal Revenue Code, in accordance with ZF's charitable purpose. Grant funds provided must be used solely to further such exempt purposes and funded projects must be conducted in accordance with ZF's grant terms and conditions. Part III Accounting Method: 1 The Tor Project Inc PO Box 5 Winchester NH 03470 208096820 501c3 316404 0 Research and Development Alphega Solutions LLC 11877 Douglas Rd STE Aloharetta GA 30005 832303145 0 40000 FMV based on USD Cryptocurrency Research and Development 37 Laines 1756 Lincoln Blvd 22 Santa Monica CA 90404 452926963 0 412787 FMV based on USD Cryptocurrency Education 2Z Inc 5710 Foster Ave Worthington Worthington OH 43085 883050672 0 125037 FMV based on USD Cryptocurrency Research and Development Vergara Technologies LLC 540 Lake Street Suite A Excelsior MN 55331 874354136 0 43800 FMV based on USD Cryptocurrency Research and Development GACE Inc 361 Falls Rd 72100 Grafton WI 53024 920708537 0 100000 FMV based on USD Cryptocurrency Education Duke University PO Box 104132 Durham NC 27708 560532129 0 60000 FMV based on USD Cryptocurrency Research and Development The Foresight Institute 101- A Clay Street unit 185 San Francisco CA 94111 770119168 0 17500 FMV based on USD Cryptocurrency Education 1 7 Research and Development 2 242920 FMV based on USD Cryptocurrency Part I, Line 2: All grant and grantee activities are public, including milestones reached, challenges encountered, and the results of completed projects. Zcash Foundation staff regularly check-in with grantees to ensure grant funds are being utilized appropriately and progress is being made on the funded projects. All grants are intended to further an exempt charitable, educational, or scientific purpose within the meaning of Section 501(c)(3) of the Internal Revenue Code, in accordance with ZF's charitable purpose. Grant funds provided must be used solely to further such exempt purposes and funded projects must be conducted in accordance with ZF's grant terms and conditions. X X X 0 0 0 0 0 0 0 0 0 Deirdre Connolly Cryptography Engineer 312933 0 12000 0 0 0 0 0 8700 0 333633 0 0 0 Jack Gavigan Executive Director 241642 0 15000 0 0 0 0 0 0 0 256642 0 0 0 Alex Bornstein Chief Operating Officer 182885 0 32700 0 0 0 0 0 5578 0 221163 0 0 0 X Cryptocurrency 2284 14928720 FMV 0 0 0 Form 990, Part VI, Section A, line 7a The Members elect the Board at the annual meeting of the Members. Form 990, Part VI, Section A, line 8b The Organization had no other committees. Form 990, Part VI, Section B, line 11b The Form 990 is to be submitted to the board and reviewed by each member. Form 990, Part VI, Section B, line 12c Whenever a Director or officer has a financial or personal interest in any matter coming before the Board of Directors, the affected person shall a) fully disclose the nature of the interest and b) withdraw from discussion, lobbying, and voting on the matter. Any transaction or vote involving a potential conflict of interest shall be approved only when a majority of disinterested Directors determine that it is in the best interest of the Corporation to do so. The minutes of meetings at which such votes are taken shall record such disclosure, abstention, and rationale for approval. The Chairman and any officers they deem necessary shall maintain a list of potential conflicts of interest on file with existing Directors, who will be required to submit and update this information as soon as a conflict arises. Additionally, prospective Directors will be required to submit their potential conflicts of interest prior to their election and the information will be made available to all members of the existing Board, in a manner determined at the Chairman's discretion. Form 990, Part VI, Section B, line 15 The Organzation conducted research on non-profit organizations with a similar budget, and the Executive Director's salary was created based on the research. Form 990, Part VI, Section C, line 19 These documents are available on the Organization's website. Form 990, Part IX, line 11g Other Professional Fees: Program service expenses 1,506,166. Management and general expenses 248,309. Fundraising expenses 0. Total expenses 1,754,475.