2025-11-13T20:55:14-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2024-01-01 202669700 HUMAN RIGHTS FOUNDATION INC HUMA 2122468486 350 FIFTH AVENUE 6500 NEW YORK NY 10118 THOR HALVORSSEN CHIEF EXECUTIVE OFFICER 2122468486 2025-11-13 1 1 EVA MRUK P00543254 2122862600 2025-11-13 2024 2025-03-06 01:10:19Z THOR HALVORSSEN 350 FIFTH AVENUE 6500 NEW YORK NY 10118 43809233 0 X WWW.HRF.ORG X 2005 DC TO PROTECT AND PROMOTE HUMAN RIGHTS GLOBALLY WITH A FOCUS ON CLOSED SOCIETIES. 6 5 49 10 0 0 17175391 29668013 548785 513596 -32304 8536346 -213810 709 17478062 38718664 10008303 20117302 0 0 4738250 5844765 0 0 1622106 10580492 13855807 25327045 39817874 -7848983 -1099210 58286837 96930292 3991036 9917784 54295801 87012508 X THE FOUNDATION'S PURPOSE IS TO UNITE PEOPLE REGARDLESS OF THEIR POLITICAL, CULTURAL, AND IDEOLOGICAL ORIENTATIONS IN THE COMMON CAUSE OF DEFENDING HUMAN RIGHTS AND PROMOTING LIBERAL DEMOCRACY GLOBALLY. THE MISSION IS TO ENSURE THAT FREEDOM IS BOTH PROMOTED AND PROTECTED. 0 0 26858411 19277041 401009 GLOBAL ADVOCACY - HRF DEFENDS HUMAN RIGHTS THROUGH GLOBAL ADVOCACY, EXECUTING INNOVATIVE CAMPAIGNS AND DEPLOYING INTERNATIONAL LEGAL MECHANISMS TO INFLUENCE INSTITUTIONS AND POLICYMAKERS.IN 2024, HRF'S IMPACT LITIGATION PROGRAM FILED ELEVEN COMPLAINTS, TWO URGENT APPEALS, AND ONE JOINT PETITION BEFORE THE UN, AND RECEIVED TWO FAVORABLE DECISIONS FROM THE UN WORKING GROUP ON ARBITRARY DETENTION. FOR THE 2024 SESSIONS OF THE UN HUMAN RIGHTS COUNCIL, HRF SUBMITTED 10 UNIVERSAL PERIODIC REVIEWS. HRF'S TYRANNY TRACKER (FORMERLY, THE POLITICAL REGIME PROJECT) CONTINUED TO TRACK AUTHORITARIANISM ACROSS THE WORLD, FINISHING RESEARCH REPORTS FOR 96 COUNTRIES. THE TYRANNY TRACKER CLASSIFIES COUNTRIES AS DEMOCRATIC, HYBRID AUTHORITARIAN, OR FULLY AUTHORITARIAN USING A UNIQUE METHODOLOGY DEVELOPED BY HRF.HRF'S GLOBAL ADVOCACY CONTINUED TO ADDRESS REGIONAL ISSUES AND INTERNATIONAL DEVELOPMENTS. IN 2024, THE UKRAINE SOLIDARITY FUND AND BELARUS SOLIDARITY FUND REACHED FUNDRAISING AMOUNTS OF $2.4 MILLION AND $1.1 MILLION, RESPECTIVELY, IN GRANTS FOR CIVIL SOCIETY ORGANIZATIONS. IN THE WAKE OF WIDESPREAD PROTESTS RESPONDING TO DICTATOR NICOLS MADURO PROCLAIMING A FRAUDULENT VICTORY IN 2024, THE VENEZUELA SOLIDARITY FUND RAISED $419,000 TO PROVIDE DIRECT FINANCIAL ASSISTANCE TO COURAGEOUS INDIVIDUALS AND ORGANIZATIONS WORKING TO SECURE A PEACEFUL TRANSITION TO DEMOCRACY. MEANWHILE, THE CHINESE COMMUNITY PARTY (CCP) DISRUPTION INITIATIVE CONTINUED TO WORK AGAINST XI JINPING'S BRUTAL REGIME, HOSTING A UYGHUR YOUTH MOBILIZATION WORKSHOP AND UNITING WITH THE HONG KONG DIASPORA AT THE UK-HK SYMPOSIUM. HRF'S KOREA DESK'S EFFORTS TO COMBAT THE OPPRESSIVE DICTATORSHIP IN NORTH KOREA CONTINUED WITH THE LAUNCH OF NK INSIDER (NKIN), THE FIRST ENGLISH-LANGUAGE NEWS PLATFORM ABOUT NORTH KOREA WRITTEN BY NORTH KOREAN DEFECTORS. IN ITS FIRST YEAR, NKIN PUBLISHED 169 ARTICLES THAT REACHED 4,900 READERS IN 105 COUNTRIES. ALSO UNDER HRF'S KOREA DESK, THE FLASH DRIVES FOR FREEDOM INITIATIVE GRANTED MORE THAN 22,000 NORTH KOREANS ACCESS TO 42,000 HOURS OF FOOTAGE AND 1 MILLION HOURS OF READING MATERIALS. FINALLY, THE MENA DESK SUPPORTED CIVIL SOCIETY ORGANIZATIONS BY GRANTING $10,000 TO GRASSROOTS ORGANIZATIONS IN LEBANON TO PROVIDE IMMEDIATE RELIEF TO LEBANESE CITIZENS CURRENTLY DISPLACED BY CONFLICT.HRF FURTHER EXPANDED ITS RESEARCH ON ISSUES INTERSECTING WITH AUTHORITARIANISM IN 2024. THE POLICY TEAM PUBLISHED TWO BRIEFS EXPOSING THE CORRELATION BETWEEN HUMAN TRAFFICKING AND AUTHORITARIANISM. IN ITS SECOND SUCCESSFUL YEAR, THE COMBATING KLEPTOCRACY PROGRAM EXPOSED HOW DICTATORSHIPS USE FINANCIAL SECRECY AND INFLUENCE CAMPAIGNS TO SMOTHER DEMOCRATIC OPPOSITION AND ENRICH THEMSELVES, WITH OP-EDS, REPORTS, AND AN INTERACTIVE "KLEPTOCRACY LAUNDROMAT" EXPO BOOTH. MEANWHILE, THE CELEBRITIES & DICTATORS PROGRAM BROUGHT ATTENTION TO THE NECESSITY OF ABSTAINING FROM PARTICIPATION IN DICTATORS' ATTEMPTS TO IMPROVE THEIR IMAGES THROUGH TOURISM, SPORTS, AND MUSIC.HRF IS UNIQUE IN ITS DIRECT SUPPORT OF DISSIDENTS ADVOCATING FOR HUMAN RIGHTS. IN 2024, THE FINANCIAL FREEDOM PROGRAM GAVE GRANTS TO 96 PROJECTS THROUGH THE BITCOIN DEVELOPMENT FUND AND LONG TERM ACTIVIST SUPPORT, SUPPORTING INITIATIVES TO MAKE FINANCIAL TECHNOLOGIES MORE SECURE, PRIVATE, AND RESILIENT TO BETTER SERVE HUMAN RIGHTS ACTIVISM. 7540612 786441 112587 COMMUNITY OUTREACH - SINCE ITS FOUNDING, HRF HAS CULTIVATED A GLOBAL COMMUNITY OF HUMAN RIGHTS DEFENDERS, CONNECTING ACTIVISTS, DISSIDENTS, CIVIL SOCIETY ORGANIZATIONS, AND INDUSTRY LEADERS WHO SHARE IN THEIR DEDICATION TO THE PROTECTION OF DEMOCRACY.IN 2024, IN THE FORM OF MICROGRANTS, HRF PROVIDED FUNDING TO ACTIVISTS AND ORGANIZATIONS WORKING ON THE FRONTLINES OF DEMOCRATIC CHANGE IN 12 COUNTRIES AROUND THE WORLD. THROUGH TARGETED SKILLS-DEVELOPMENT PROGRAMS, HRF AUGMENTED THE ABILITIES OF AT-RISK ADVOCATES, ARTISTS, AND STUDENTS WHO ARE WORKING TO DEFEND DEMOCRACY IN COUNTRIES RULED BY AUTHORITARIAN REGIMES. THE ANNUAL FREEDOM FELLOWSHIP PROVIDED A COHORT OF NINE HUMAN RIGHTS ADVOCATES WITH THE UNIQUE OPPORTUNITY TO INCREASE THE IMPACT OF THEIR WORK THROUGH HANDS-ON TRAINING AND MENTORSHIP SESSIONS, INCLUDING A WEEK-LONG WORKING RETREAT IN COSTA RICA. IN AUGUST 2024, HRF ALSO HELD ITS FIRST-EVER RESILIENCE RETREAT IN COSTA RICA, EQUIPPING 20 ACTIVISTS FROM 12 COUNTRIES WITH THE RESOURCES AND PRACTICES NECESSARY TO BECOME RESILIENCE MOVEMENT LEADERS. IN DECEMBER, HRF AND 14 ACTIVISTS FROM SUB-SAHARAN AFRICA ASSEMBLED IN GHANA FOR THE THIRD EDITION OF THE GEORGE AYITTEY DEMOCRACY RETREAT, WHERE THEY LEARNED ABOUT BEST PRACTICES FOR ADVOCACY IN THE FACE OF AUTHORITARIANISM, AND STRENGTHENED SOLIDARITY ACROSS THE AFRICAN CONTINENT.HRF'S OSLO SCHOLARS PROGRAM EXPANDED SIGNIFICANTLY, PROVIDING 26 UNIVERSITY STUDENTS WITH INTERNSHIPS WITH SOME OF THE WORLD'S LEADING HUMAN RIGHTS DEFENDERS AT NINE DIFFERENT CIVIL SOCIETY ORGANIZATIONS.FINALLY, THE 2024 OSLO FREEDOM FORUM (OFF), HRF'S 16TH ANNUAL CONFERENCE IN OSLO, PROVIDED A PLATFORM FOR HUMAN RIGHTS DEFENDERS TO SHARE THEIR STORIES WITH A GLOBAL AUDIENCE OF MORE THAN 1,400 ATTENDEES. AT THE EVENT, HRF HONORED THREE DISSIDENT ARTISTS WITH THE HAVEL PRIZE AND RECOGNIZED THE ACHIEVEMENTS OF THE LATE ALEXEI NAVALNY WITH THE MASEKO PRIZE. 1059939 3820 0 AUDIENCE EDUCATION - THROUGH CREATIVE CAMPAIGNS, IMPACTFUL STORYTELLING, AND STRATEGIC MEDIA COVERAGE, HRF CONTINUED TO EDUCATE GLOBAL AUDIENCES ON THE THREAT OF AUTHORITARIANISM IN 2024. HRF HIGHLIGHTED THE INTERSECTION OF HUMAN RIGHTS WITH VARIOUS SECTORS, AMPLIFYING THE STRUGGLE FOR FREEDOM ACROSS INDUSTRIES AND AUDIENCES.HRF AUGMENTED ITS MEDIA PRESENCE ACROSS VARIOUS PLATFORMS IN 2024, GARNERING 22,000 MEDIA MENTIONS, 82 BILLION GLOBAL MEDIA IMPRESSIONS, AND 24 MILLION SOCIAL MEDIA IMPRESSIONS. HRF'S WORK WAS FEATURED IN TOP INTERNATIONAL MEDIA OUTLETS INCLUDING THE WALL STREET JOURNAL, THE NEW YORK TIMES, REASON, FOREIGN POLICY, NPR, THE WASHINGTON TIMES, THE ECONOMIST, AND OTHERS.HRF'S PUBLIC-FACING PROGRAMS CONTINUED TO EXPOSE BROAD AUDIENCES TO HUMAN RIGHTS ISSUES. TWO COLLEGE FREEDOM FORUM EVENTS IN 2024 CONNECTED STUDENTS AT UNIVERSIDAD FRANCISCO MARROQUN (IN GUATEMALA) AND STANFORD UNIVERSITY WITH RENOWNED ACTIVISTS WORKING TO PROMOTE DEMOCRACY AND HUMAN RIGHTS. HRF REPRESENTATIVES SPOKE AT CONFERENCES SUCH AS SXSW, RIGHTSCON, AND THE BITCOIN CONFERENCE. WITH THE RELAUNCH OF THE DISSIDENTS & DICTATORS PODCAST, HRF REACHED 91,000 LISTENS BY 2,500 LISTENERS WITH STORIES AND ANALYSES FROM ACTIVISTS, JOURNALISTS, ARTISTS, AND SCHOLARS ON THE FRONTLINES OF DEMOCRACY. 530205 50000 0 OTHER PROGRAMS 530205 50000 0 35989167 1 1 0 0 0 0 0 1 0 0 1 1 0 0 1 1 1 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 X 169 0 49 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY X X X HUMAN RIGHTS FOUNDATION INC 2122468486 350 FIFTH AVENUE 6500 NEW YORK NY 10118 GARRY KASPAROV CHAIRMAN THRU MAY 2024 2.00 X X 0 0 0 RONALD M JACOBS SECRETARY THRU MAY 2024 2.00 X X 0 0 0 DAN GROSSMAN TREASURER 1.00 X X 0 0 0 ALEXANDER LLOYD DIRECTOR 1.00 X 0 0 0 YEONMI PARK DIRECTOR 1.00 X 0 0 0 CAMERON COLBY THOMSON DIRECTOR 1.00 X 0 0 0 KONSTANTINA YANEVA DIRECTOR 1.00 X 0 0 0 THOR HALVORSSEN CHIEF EXECUTIVE OFFICER 40.00 X 312735 0 28344 CELINE BOUSTANI PRESIDENT 40.00 X 329588 0 14503 JAVIER EL-HAGE CHIEF LEGAL AND POLICY OFFICER 40.00 X 249988 0 29592 SANDRA GERMAINE CHIEF TALENT OFFICER 40.00 X 221846 0 17645 ALEXANDER GLADSTEIN CHIEF STRATEGY OFFICER 40.00 X 268138 0 15087 ROBERTO GONZALEZ CHIEF ADVOCACY OFFICER 40.00 X 236888 0 32125 CHRISTIAN KEROLES DIRECTOR OF FINANCIAL FREEDOM 40.00 X 177955 0 11706 OMAR AL-FOTIHI HEAD OF VIDEO AND MULTIMEDIA PRODUCTION 40.00 X 115680 0 12936 MICHELLE GULINO DIRECTOR OF LEGAL AND PROGRAM 40.00 X 119373 0 11629 MALAAK JAMAL DIRECTOR OF POLICY AND RESEARCH 40.00 X 118603 0 11629 CASEY MICHEL COMMUNICATIONS DIRECTOR 40.00 X 110231 0 99 ELISHA MALDONADO COMMUNICATIONS DIRECTOR 40.00 X 146188 0 11629 2407213 0 196924 14 0 1 0 Z EVENT AS SANDAKERVEIEN 24 C BYGG A1 OSLO NO 0473 EVENT PRODUCTION SERVICES 1418363 LE PACTE AS HOFFSVEIEN 65A OSLO NO 0377 DESIGN SERVICES 357808 CULTIVATOR CONTENT LABS 3233 EAST VAN BUREN STREET PHOENIX AZ 85034 PROGRAM EVENT VIDEO PRODUCTION SERVICES 303121 OTTO REICH ASSOCIATES LLC 1001 PENNSYLVANIA AVE NW FL 11 WASHINGTON DC 20004 RESEARCH AND ANALYSIS SERVICES 285000 HEIERVANG COMMUNICATIONS FJORTOFTS GATE 9 OSLO NO 0461 COMMUNICATION SERVICES 212294 14 5371 29662642 221053 29668013 THE DISSIDENT 900099 326341 326341 OSLO FREEDOM FORUM 900099 112350 112350 BEYOND UTOPIA 900099 74905 74905 513596 544458 544458 13080596 1861 5088047 2522 7992549 -661 7991888 7991888 NON-INVENTORY SALES 900099 709 709 709 38718664 513596 0 8537055 4884413 4884413 1834988 1834988 13397901 13397901 1946140 1437009 311518 197613 3163298 2591163 315763 256372 381781 305645 45056 31080 353546 270753 47844 34949 166187 25417 140770 243665 243665 26073 26073 3962764 2763676 425524 773564 753429 651366 284 101779 240054 100600 95332 44122 209167 56404 137007 15756 552558 418619 89625 44314 646847 361313 195949 89585 344570 317392 1605 25573 32779 32779 35834 23362 12472 PUBLIC EDUCATION 6489129 6484329 4800 STAFF TRAINING AND DEVE 102371 14437 85335 2599 BAD DEBT 31000 31000 CURRENCY LOSS 19380 19380 39817874 35989167 2206601 1622106 4366547 3676760 2175484 975871 0 1100 209989 740011 219847 94256 102384 125591 8391195 17425411 39621540 70833720 3419698 3151828 58286837 96930292 614073 555034 0 6050568 0 64510 3376963 3247672 3991036 9917784 X 52277317 84936236 2018484 2076272 54295801 87012508 58286837 96930292 -1099210 33815917 0 X X 0 1 X 1 0 X 21237429 21290769 30593821 17175391 29668013 119965423 21237429 21290769 30593821 17175391 29668013 119965423 13642894 106322529 582 31 17235 399369 544458 961675 709 709 120927807 1160358 0.87920 0.66680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NON-INVENTORY SALES - 2024 AMOUNT: $ 709. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 219847 94256 125591 125591 BITCOIN (BTC) 70833720 F 70833720 LEASE LIABILITY FOR OPERATING LEASE 3247672 3247672 X 72630589 33815917 140800 661 33957378 38673211 26073 19380 45453 38718664 39913882 140800 661 141461 39772421 26073 19380 45453 39817874 PART III, LINE 4: THE HUMAN RIGHTS FOUNDATION (HRF) MAINTAINS AN ART COLLECTION CONSISTING OF WORKS CREATED BY DISSIDENT ARTISTS SUPPORTED THROUGH ITS ART IN PROTEST PROGRAM, AS WELL AS ARTWORKS DONATED BY PARTICIPATING ARTISTS AND A MEMBER OF THE HRF BOARD OF DIRECTORS. THE COLLECTION INCLUDES PIECES BY ARTISTS WORKING UNDER AUTHORITARIAN REGIMES OR IN EXILE, WHOSE WORK SERVES AS A FORM OF RESISTANCE, SOCIAL COMMENTARY, AND ADVOCACY FOR FREEDOM. MAINTAINING THIS COLLECTION IS INTEGRAL TO HRF'S EXEMPT PURPOSE OF PROMOTING AND PROTECTING HUMAN RIGHTS GLOBALLY. THE ARTWORKS ARE USED IN PUBLIC EXHIBITIONS, EDUCATIONAL PROGRAMS, AND ADVOCACY CAMPAIGNS TO RAISE AWARENESS ABOUT REPRESSION AND AMPLIFY THE VOICES OF THOSE WHO ARE SILENCED IN THEIR OWN COUNTRIES. THESE WORKS PROVIDE A TANGIBLE, EMOTIONALLY RESONANT WAY FOR HRF TO ENGAGE DIVERSE AUDIENCES, BROADEN ITS IMPACT, AND FURTHER ITS MISSION THROUGH CULTURE-DRIVEN STORYTELLING AND CIVIC DIALOGUE. THE COLLECTION ALSO SERVES AS A HISTORICAL AND CULTURAL ARCHIVE OF RESISTANCE ART, HELPING PRESERVE THE NARRATIVES OF COURAGEOUS INDIVIDUALS WHO RISK THEIR FREEDOM TO SPEAK OUT THROUGH CREATIVE EXPRESSION. IN THIS WAY, THE ART COLLECTION IS NOT ONLY MISSION-ALIGNED BUT ALSO ESSENTIAL TO HRF'S STRATEGY OF USING CULTURE AS A TOOL FOR ADVANCING HUMAN RIGHTS. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSET REPORTED ON PART VIII 661. PART XI, LINE 4B - OTHER ADJUSTMENTS: CURRENCY LOSS REPORTED ON PART XI 19,380. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSET REPORTED ON PART VIII 661. PART XII, LINE 4B - OTHER ADJUSTMENTS: CURRENCY LOSS REPORTED ON PART XI 19,380. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 4 PROGRAM SERVICES FINANCIAL FREEDOM LATIN AMERICA TREK, FREEDOM FELLOWSHIP 166000 EAST ASIA AND THE PACIFIC 0 25 PROGRAM SERVICES KOREA DESK, TYRANNY TRACKER, OSLO FREEDOM FORUM, ART IN PROTEST 176000 EUROPE 0 32 PROGRAM SERVICES OSLO FREEDOM FORUM, COMBATING KLEPTOCRACY, CELEBRITIES & DICTATORS, TYRANNY TRACKER, VENEZUELA SOLIDARITY FUND, FINANCIAL FREEDOM, BITCOIN DEVELOPMENT FUND, FREEDOM FELLOWSHIP, ART IN PROTEST 2670000 MIDDLE EAST AND NORTH AFRICA 0 4 PROGRAM SERVICES OSLO FREEDOM FORUM 38000 NORTH AMERICA 0 8 PROGRAM SERVICES OSLO FREEDOM FORUM, CELEBRITIES & DICTATORS, TYRANNY TRACKER, FINANCIAL FREEDOM 264000 RUSSIA AND NEIGHBORING STATES 0 2 PROGRAM SERVICES OSLO FREEDOM FORUM & UKRAINE SOLIDARITY FUND 2500 SOUTH AMERICA 0 3 PROGRAM SERVICES OSLO FREEDOM FORUM, TYRANNY TRACKER, FREEDOM FELLOWSHIP 171000 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES TYRANNY TRACKER & FINANCIAL FREEDOM 47500 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 266407 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 329684 EUROPE 0 0 GRANTMAKING 6377260 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 363707 NORTH AMERICA 0 0 GRANTMAKING 519252 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 2961637 SOUTH AMERICA 0 0 GRANTMAKING 496948 SOUTH ASIA 0 0 GRANTMAKING 296223 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 1776568 0 80 0 0 0 80 3535000 13387686 16922686 SOUTH AMERICA BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE SOUTH AMERICA BITCOIN DEVELOPMENT FUND 0 10000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 10000 WIRE/CHECK 0 RUSSIA AND NEIGHBORING STATES UKRAINE SOLIDARITY FUND 6500 WIRE/CHECK 0 SUB-SAHARAN AFRICA BITCOIN DEVELOPMENT FUND AND LONG TERM ACTIVIST SUPPORT 0 413543 BITCOIN FAIR MARKET VALUE SOUTH ASIA BITCOIN DEVELOPMENT FUND 0 10000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN BOUNTY PROGRAM 0 93000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) FINANCIAL FREEDOM 0 25000 BITCOIN FAIR MARKET VALUE EAST ASIA AND THE PACIFIC BITCOIN DEVELOPMENT FUND 0 100000 BITCOIN FAIR MARKET VALUE RUSSIA AND NEIGHBORING STATES BELARUS SOLIDARITY FUND 20000 WIRE/CHECK 0 MIDDLE EAST AND NORTH AFRICA LONG TERM ACTIVIST SUPPORT 0 311707 BITCOIN FAIR MARKET VALUE RUSSIA AND NEIGHBORING STATES FREEDOM FELLOWSHIP 25000 WIRE/CHECK 0 SUB-SAHARAN AFRICA BITCOIN DEVELOPMENT FUND 0 20000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 50000 WIRE/CHECK 0 RUSSIA AND NEIGHBORING STATES GLOBAL ADVOCACY 750000 WIRE/CHECK 0 SUB-SAHARAN AFRICA BITCOIN DEVELOPMENT FUND 0 10000 BITCOIN FAIR MARKET VALUE EAST ASIA AND THE PACIFIC CCP DISRUPTION INITIATIVE 10000 WIRE/CHECK 0 SOUTH AMERICA BITCOIN DEVELOPMENT FUND 0 15000 BITCOIN FAIR MARKET VALUE CENTRAL AMERICA AND THE CARIBBEAN BITCOIN DEVELOPMENT FUND 0 100000 BITCOIN FAIR MARKET VALUE RUSSIA AND NEIGHBORING STATES MICROGRANT 15000 WIRE/CHECK 0 EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 25000 WIRE/CHECK 0 RUSSIA AND NEIGHBORING STATES MICROGRANT 0 20000 BITCOIN FAIR MARKET VALUE RUSSIA AND NEIGHBORING STATES MICROGRANT 0 20000 BITCOIN FAIR MARKET VALUE SUB-SAHARAN AFRICA BITCOIN DEVELOPMENT FUND 0 15000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE CENTRAL AMERICA AND THE CARIBBEAN MICROGRANT 11400 WIRE/CHECK 0 EUROPE (INCLUDING ICELAND AND GREENLAND) MICROGRANT 20000 WIRE/CHECK 0 RUSSIA AND NEIGHBORING STATES UKRAINE SOLIDARITY FUND 2000000 WIRE/CHECK 0 EAST ASIA AND THE PACIFIC KOREA DESK 7500 WIRE/CHECK 0 EAST ASIA AND THE PACIFIC BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE EAST ASIA AND THE PACIFIC KOREA DESK 20000 WIRE/CHECK 0 EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE CENTRAL AMERICA AND THE CARIBBEAN BITCOIN DEVELOPMENT FUND 0 30000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 0 50000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 50000 WIRE/CHECK 0 EAST ASIA AND THE PACIFIC KOREA DESK 7500 WIRE/CHECK 0 EAST ASIA AND THE PACIFIC MICROGRANT 12000 WIRE/CHECK 0 EAST ASIA AND THE PACIFIC KOREA DESK 7614 WIRE/CHECK 0 NORTH AMERICA BITCOIN DEVELOPMENT FUND 0 50000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) DIGITAL CASH FOR ACTIVISTS 0 3807418 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) FINANCIAL FREEDOM 0 65000 BITCOIN FAIR MARKET VALUE SOUTH AMERICA BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE EAST ASIA AND THE PACIFIC KOREA DESK 7500 WIRE/CHECK 0 SOUTH ASIA BITCOIN DEVELOPMENT FUND 50000 WIRE/CHECK 0 SUB-SAHARAN AFRICA LONG TERM ACTIVIST SUPPORT 0 506396 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE SUB-SAHARAN AFRICA BITCOIN DEVELOPMENT FUND 0 35000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 0 25000 BITCOIN FAIR MARKET VALUE EUROPE (INCLUDING ICELAND AND GREENLAND) BITCOIN DEVELOPMENT FUND 0 100000 BITCOIN FAIR MARKET VALUE CENTRAL AMERICA AND THE CARIBBEAN FINANCIAL FREEDOM 0 100000 BITCOIN FAIR MARKET VALUE EAST ASIA AND THE PACIFIC KOREA DESK 28600 WIRE/CHECK 0 EAST ASIA AND THE PACIFIC KOREA DESK 5963 WIRE/CHECK 0 31 25 ART IN PROTEST NORTH AMERICA 1 3820 WIRE/CHECK FREEDOM FELLOWSHIP EAST ASIA AND THE PACIFIC 3 29000 WIRE/CHECK FREEDOM FELLOWSHIP EUROPE (INCLUDING ICELAND & GREENLAND) 5 52000 WIRE/CHECK FREEDOM FELLOWSHIP MIDDLE EAST AND NORTH AFRICA 1 2000 WIRE/CHECK FREEDOM FELLOWSHIP NORTH AMERICA 1 2000 WIRE/CHECK FREEDOM FELLOWSHIP SOUTH AMERICA 2 27000 WIRE/CHECK FREEDOM FELLOWSHIP SUB-SAHARAN AFRICA 3 17000 WIRE/CHECK HAVEL PRIZE MIDDLE EAST AND NORTH AFRICA 1 50000 WIRE/CHECK MICROGRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 3 30060 WIRE/CHECK MICROGRANTS RUSSIA AND NEIGHBORING STATES 1 23840 WIRE/CHECK MICROGRANTS SOUTH AMERICA 3 36000 WIRE/CHECK MICROGRANTS SOUTH ASIA 1 12052 WIRE/CHECK MICROGRANTS SUB-SAHARAN AFRICA 1 500 WIRE/CHECK GLOBAL ADVOCACY EUROPE (INCLUDING ICELAND & GREENLAND) 1 106000 WIRE/CHECK CCP DISRUPTION INITIATIVE EAST ASIA AND THE PACIFIC 3 4000 WIRE/CHECK KOREA DESK EAST ASIA AND THE PACIFIC 2 15000 WIRE/CHECK VENEZUELA SOLIDARITY FUND SOUTH AMERICA 2 8000 WIRE/CHECK FINANCIAL FREEDOM EUROPE (INCLUDING ICELAND & GREENLAND) 2 75374 BITCOIN FAIR MARKET VALUE FINANCIAL FREEDOM SOUTH AMERICA 1 51937 BITCOIN FAIR MARKET VALUE BITCOIN DEVELOPMENT FUND CENTRAL AMERICA AND THE CARIBBEAN 2 25007 BITCOIN FAIR MARKET VALUE BITCOIN DEVELOPMENT FUND EAST ASIA AND THE PACIFIC 2 50007 BITCOIN FAIR MARKET VALUE BITCOIN DEVELOPMENT FUND EUROPE (INCLUDING ICELAND & GREENLAND) 13 320011 BITCOIN FAIR MARKET VALUE BITCOIN DEVELOPMENT FUND NORTH AMERICA 1 50003 BITCOIN FAIR MARKET VALUE BITCOIN DEVELOPMENT FUND SOUTH AMERICA 5 100010 BITCOIN FAIR MARKET VALUE BITCOIN DEVELOPMENT FUND SOUTH ASIA 4 120004 BITCOIN FAIR MARKET VALUE BITCOIN DEVELOPMENT FUND SUB-SAHARAN AFRICA 9 343312 BITCOIN FAIR MARKET VALUE LONG TERM ACTIVIST SUPPORT EUROPE (INCLUDING ICELAND & GREENLAND) 3 1241038 BITCOIN FAIR MARKET VALUE LONG TERM ACTIVIST SUPPORT NORTH AMERICA 1 413429 BITCOIN FAIR MARKET VALUE LONG TERM ACTIVIST SUPPORT SOUTH AMERICA 1 199001 BITCOIN FAIR MARKET VALUE LONG TERM ACTIVIST SUPPORT SOUTH ASIA 1 104167 BITCOIN FAIR MARKET VALUE LONG TERM ACTIVIST SUPPORT SUB-SAHARAN AFRICA 1 415817 BITCOIN FAIR MARKET VALUE GENERAL SUPPORT RUSSIA AND NEIGHBORING STATES 1 50000 WIRE/CHECK BITCOIN BOUNTY AWARD EUROPE (INCLUDING ICELAND & GREENLAND) 3 97358 BITCOIN FAIR MARKET VALUE BITCOIN BOUNTY AWARD RUSSIA AND NEIGHBORING STATES 1 31297 BITCOIN FAIR MARKET VALUE 0 0 0 0 0 0 PART I, LINE 2: ELIGIBLE CANDIDATES FOR THE HUMAN RIGHTS FOUNDATION'S (HRF) GRANTS ARE ORGANIZATIONS AND INDIVIDUALS WHO CARRY OUT PROJECTS THAT PROMOTE AND DEFEND HUMAN RIGHTS IN CLOSED SOCIETIES IN ACCORDANCE WITH HRF'S MISSION AND EXEMPT PURPOSE. IN ORDER TO ASSESS ELIGIBILITY FOR AWARDS AND GRANTS, HRF'S LEGAL TEAM REVIEWS SUBMISSIONS BY HRF'S DIFFERENT PROGRAM AND POLICY TEAMS AND BY MEMBERS OF HRF'S COMMUNITY OF DISSIDENTS, AND CONDUCTS DUE DILIGENCE ON GRANTEE CANDIDATES. THE GRANT APPLICATIONS DESCRIBE CANDIDATES' PROJECTS, INCLUDING THEIR STATEMENT OF NEED, GOALS, PLAN OF ACTION, AND BUDGET. HRF'S LEGAL AND POLICY DEPARTMENT VETS AND REVIEWS THE APPLICATIONS. AS A RESULT, THE DEPARTMENT SUBMITS A WRITTEN RECOMMENDATION TO THE HRF EXECUTIVE BODY RESPONSIBLE FOR APPROVAL OR DENIAL OF THE GRANT, DEPENDING ON THE BOARD-SANCTIONED GRANT APPROVAL AUTHORIZATIONS. THEN THE RESPONSIBLE BODY WILL APPROVE OR DENY THE GRANT, DOCUMENTED IN WRITING. IF THE GRANT IS APPROVED, THE HRF LEGAL AND POLICY TEAM DRAFTS THE GRANT AGREEMENT AND ACCOMPANYING DOCUMENTS, INCLUDING A COMPLIANCE CERTIFICATION, FOR THE GRANTEE'S SIGNATURE. EACH GRANT AGREEMENT INCLUDES REPORTING REQUIREMENTS, TYPICALLY PERIODIC REPORTS, AND A FINAL REPORT. THE PERIODIC REPORTS PROVIDE AN UPDATE ON THE PROGRESS OF THE PROJECTS. THE FINAL REPORTS DETAIL HOW THE FUNDS WERE USED AND THE ACCOMPLISHMENTS AND IMPACT THAT WERE MADE. THIS INCLUDES RECEIPTS, INVOICES, OR EQUIVALENT DOCUMENTS ACCORDING TO THE COUNTRY WHERE THE PROJECT IS CARRIED OUT. GRANTS SPECIFICALLY FOR THE BITCOIN DEVELOPMENT FUND THAT ARE GIVEN TO DEVELOPERS ARE MONITORED VIA THE DEVELOPER'S GITHUB PAGE. GITHUB DISPLAYS THE GRANT RECIPIENT'S CODING WORK, UPDATES, AND PROJECT PROGRESS. FOR GRANT SELECTION, HRF REVIEWS THEIR PREVIOUS CODING WORK, CONSULTS WITH EXPERTS IN THE RELEVANT COMMUNITY, AND ANALYZES THE FEASIBILITY OF THE GRANT PROPOSAL. PART I, LINE 3: ACCRUAL METHOD IS USED TO ACCOUNT FOR THE EXPENDITURES. 1 AFRICA BITCOIN CONFERENCE 5830 EAST 2ND STREET SUITE 700 CASPER WY 98609 992822960 0 75000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND ALLIANCE FOR FREEDOM 615 BUENA VISTA AVENUE SAN FRANCISCO CA 94117 465430969 501(C)(3) 0 500000 FAIR MARKET VALUE BITCOIN VENEZUELA SOLIDARITY FUND ALS NETWORK PO BOX 7082 WOODLAND HILLS CA 91365 954163338 501(C)(3) 0 59859 FAIR MARKET VALUE BITCOIN FINNEY FREEDOM PRIZE AVAM CORPORATION PO BOX 6808 TAHOE CITY CA 96145 462781522 0 415839 FAIR MARKET VALUE BITCOIN LONG TERM ACTIVIST SUPPORT BEIT EL BARAKA USA 1100 WILSON BOULEVARD SUITE 1210 ARLINGTON VA 22209 850879465 501(C)(3) 10000 0 TO PROVIDE AND COORDINATE EMERGENCY HUMANITARIAN ASSISTANCE BITCOIN POLICY INSTITUTE 438 HOUSTON STREET NASHVILLE TN 37203 881567390 501(C)(3) 10000 300000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND BITSHALA LLC 1855 701 TILLERY STREET UNIT 12 AUSTIN TX 78702 373111320 25000 125005 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND BLOCKCHAIN COMMONS LLC 7302 YELLOWSTONE ROAD CHEYENNE WY 82009 834565043 0 10000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND BRINK TECHNOLOGY LLC 10900 RESEARCH BOULEVARD SUITE 106C 2054 AUSTIN TX 78759 852919136 501(C)(3) 0 95000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND BTCPLUSPLUS LLC 800 BRAZOS STREET SUITE 260 AUSTIN TX 78701 934644668 10000 50000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND CADAL FOUNDATION INC 335 NORTHEAST 87TH STREET EL PORTAL FL 33138 844806256 501(C)(3) 20000 0 TO ASSIST IN THE PUBLICATION OF BOOKS ON HUMAN RIGHTS AND ACTIVISM CENTER FOR THE STUDY OF ORGANIZED HATE INC 1629 K STREET SUITE 300 WASHINGTON DC 20006 993213378 501(C)(3) 17500 0 TO ASSIST IN FUNDING RESEARCH ON INSTAGRAM'S ROLE IN AMPLIFYING COW VIGILANTE VIOLENCE CITIZEN POWER INITIATIVES FOR CHINA 658 WASHINGTON STREET BROOKLINE MA 02446 263203778 501(C)(3) 55000 0 FAIR MARKET VALUE BITCOIN BTC DEV FUND & CCP DISRUPTION INITIATIVE COIN CENTER 700 K STREET NORTHWEST SUITE 300 WASHINGTON DC 20001 471315917 0 100000 FAIR MARKET VALUE BITCOIN FINANCIAL FREEDOM CORACLE SOCIAL LLC 784 S CLEARWATER LOOP STE B POST FALLS ID 83854 931434826 0 50000 FAIR MARKET VALUE BITCOIN BITCOIN BOUNTY PROGRAM CORNELL UNIVERSITY 377 PINE TREE ROAD ITHACA NY 14850 150532082 501(C)(3) 0 250000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND ECONOMIC INCLUSION GROUP INC 8328 NORTHEAST 9TH AVENUE BOCA RATON FL 33487 331852543 0 25000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND HONG KONG DEMOCRACY COUNCIL 1301 K STREET NORTHWEST WASHINGTON DC 20005 842856766 501(C)(3) 20000 0 CCP DISRUPTION INITIATIVE HUMANO Y LIBRE FOUNDATION 4226 FOX RIDGE DRIVE WESTON FL 33331 273607957 501(C)(3) 179722 0 VENEZUELA SOLIDARITY FUND IDEAS BEYOND BORDERS 244 5TH AVENUE SUITE 2594 NEW YORK NY 10001 821447974 501(C)(3) 30000 25000 FAIR MARKET VALUE BITCOIN GENERAL SUPPOT & BITCOIN DEVELOPMENT FUND INEEDHELPBY 1615 MAXIMILIAN DRIVE WESLEY CHAPEL FL 33543 872621693 501(C)(3) 9995 0 TO ASSIST IN THE PURCHASE OF EQUIPMENT TO PRODUCE COST-EFFICIENT MERCHANDISE THAT RAISES AWARENESS ON HUMAN RIGHTS JABARI ENNIS 950 MALABAR ROAD 110027 PALM BAY FL 32907 873930827 0 50000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND LIBRERIA DE SATOSHI INC 651 NORTH BROAD STREET SUITE 201 MIDDLETOWN DE 19709 883359035 25000 0 BITCOIN DEVELOPMENT FUND MUKAI INTELLECTUAL PROPERTIES INC 346 MUNROE CIRCLE DES PLAINES IL 60016 453367185 0 50000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND MY FIRST BITCOIN INC 180 SUNSET BOULEVARD WADING RIVER NY 11792 883782599 501(C)(3) 0 50000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND NORTH BEE LLC 614 SOUTH 8TH STREET 316 PHILADELPHIA PA 19147 843515986 20000 0 TO ASSIST IN THE PRODUCTION OF PUBLICATIONS ON POLITICAL PRISONERS, DETENTION CONDITIONS, DISCRIMINATION, AND FORCED LABOR OPEN SATS INITIATIVE INC 12436 FM 1960 ROAD WEST PMB1003 HOUSTON TX 77065 852722249 501(C)(3) 0 250000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND PMART CONSULTANCY INC 6435 NORTH DAMEN AVENUE 3W CHICAGO IL 60645 844169328 200000 1395800 FAIR MARKET VALUE BITCOIN VENEZUELA SOLIDARITY FUND RHR MEDIA LLC 601 CONGRESS AVENUE SUITE 200 AUSTIN TX 78701 882231729 0 75000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND RUSSIAN AMERICA FOR DEMOCRACY IN RUSSIA INC 6218 GEORGIA AVENUE NORTHWEST SUITE 1 WASHINGTON DC 20011 873558467 501(C)(3) 20000 0 UKRAINE SOLIDARITY FUND STUDENTS FOR A FREE TIBET INC 602 EAST 14TH STREET NEW YORK NY 10009 134008917 501(C)(3) 35000 0 FREEDOM FELLOWSHIP & MICROGRANT SUMA FOUNDATION INC 1201 NORTHWEST 3RD AVENUE APARTMENT 1007 MIAMI FL 33136 881578964 501(C)(3) 19651 0 TO ASSIST IN RAISING THE VISIBILITY OF POLITICAL PRISONERS SUMMER OF BITS INC 1309 COFFEEN AVENUE SUITE 1200 SHERIDAN WY 82801 883415782 501(C)(3) 0 50000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND TABCONF LLC 167 MURRAY HILL AVENUE NORTHEAST ATLANTA GA 30317 832088461 0 25000 FAIR MARKET VALUE BITCOIN FINANCIAL FREEDOM THE 256 FOUNDATION PO BOX 128406 NASHVILLE TN 37212 991662333 501(C)(3) 0 50000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND TRAUMA RESEARCH FOUNDATION 117 KENDRICK STREET SUITE 300 NEEDHAM MA 02494 824265340 501(C)(3) 10000 0 TO ASSIST IN THE DEVELOPMENT OF RESEARCH-BASED GUIDELINES, TOOLKITS, AND TEMPLATES FOR NON-PROFIT ORGANIZATIONS THAT SUPPORT TRAUMA SURVIVORS VOCES DE LA MEMORIA INC 1723 SOUTHWEST 2ND AVENUE MIAMI FL 33129 871968534 501(C)(3) 30000 0 VENEZUELA SOLIDARITY FUND ZALLA INC 739 WEST END CLIFFSIDE PARK NJ 07010 365052954 0 50000 FAIR MARKET VALUE BITCOIN BITCOIN DEVELOPMENT FUND 21 17 FREEDOM FELLOWSHIP 5 56000 HAVEL PRIZE 2 100000 MICROGRANTS 1 14583 CCP DISRUPTION INITIATIVE 1 10000 INVISIBLE NATION 1 100000 BITCOIN BOUNTY PROGRAM 6 218842 BITCOIN MARKET PRICE BITCOIN BITCOIN DEVELOPMENT FUND 15 508743 BITCOIN MARKET PRICE BITCOIN LT ACTIVIST SUPPORT 2 826820 BITCOIN MARKET PRICE BITCOIN PART I, LINE 2: ELIGIBLE CANDIDATES FOR THE HUMAN RIGHTS FOUNDATION'S (HRF) GRANTS ARE ORGANIZATIONS AND INDIVIDUALS WHO CARRY OUT PROJECTS THAT PROMOTE AND DEFEND HUMAN RIGHTS IN CLOSED SOCIETIES IN ACCORDANCE WITH HRF'S MISSION AND EXEMPT PURPOSE. IN ORDER TO ASSESS ELIGIBILITY FOR AWARDS AND GRANTS, HRF'S LEGAL TEAM REVIEWS SUBMISSIONS BY HRF'S DIFFERENT PROGRAM AND POLICY TEAMS AND BY MEMBERS OF HRF'S COMMUNITY OF DISSIDENTS, AND CONDUCTS DUE DILIGENCE ON GRANTEE CANDIDATES. THE GRANT APPLICATIONS DESCRIBE CANDIDATES' PROJECTS, INCLUDING THEIR STATEMENT OF NEED, GOALS, PLAN OF ACTION, AND BUDGET. HRF'S LEGAL AND POLICY DEPARTMENT VETS AND REVIEWS THE APPLICATIONS. AS A RESULT, THE DEPARTMENT SUBMITS A WRITTEN RECOMMENDATION TO THE HRF EXECUTIVE BODY RESPONSIBLE FOR APPROVAL OR DENIAL OF THE GRANT, DEPENDING ON THE BOARD-SANCTIONED GRANT APPROVAL AUTHORIZATIONS. THEN THE RESPONSIBLE BODY WILL APPROVE OR DENY THE GRANT, DOCUMENTED IN WRITING. IF THE GRANT IS APPROVED, THE HRF LEGAL AND POLICY TEAM DRAFTS THE GRANT AGREEMENT AND ACCOMPANYING DOCUMENTS, INCLUDING A COMPLIANCE CERTIFICATION, FOR THE GRANTEE'S SIGNATURE. EACH GRANT AGREEMENT INCLUDES REPORTING REQUIREMENTS, TYPICALLY PERIODIC REPORTS, AND A FINAL REPORT. THE PERIODIC REPORTS PROVIDE AN UPDATE ON THE PROGRESS OF THE PROJECTS. THE FINAL REPORTS DETAIL HOW THE FUNDS WERE USED AND THE ACCOMPLISHMENTS AND IMPACT THAT WERE MADE. THIS INCLUDES RECEIPTS, INVOICES, OR EQUIVALENT DOCUMENTS ACCORDING TO THE COUNTRY WHERE THE PROJECT IS CARRIED OUT. GRANTS SPECIFICALLY FOR THE BITCOIN DEVELOPMENT FUND THAT ARE GIVEN TO DEVELOPERS ARE MONITORED VIA THE DEVELOPER'S GITHUB PAGE. GITHUB DISPLAYS THE GRANT RECIPIENT'S CODING WORK, UPDATES, AND PROJECT PROGRESS. FOR GRANT SELECTION, HRF REVIEWS THEIR PREVIOUS CODING WORK, CONSULTS WITH EXPERTS IN THE RELEVANT COMMUNITY, AND ANALYZES THE FEASIBILITY OF THE GRANT PROPOSAL. X X X 0 0 0 0 0 0 0 1 0 CELINE BOUSTANI PRESIDENT 329588 0 0 0 0 0 0 0 14503 0 344091 0 0 0 THOR HALVORSSEN CHIEF EXECUTIVE OFFICER 312735 0 0 0 0 0 0 0 28344 0 341079 0 0 0 ALEXANDER GLADSTEIN CHIEF STRATEGY OFFICER 268138 0 0 0 0 0 0 0 15087 0 283225 0 0 0 JAVIER EL-HAGE CHIEF LEGAL AND POLICY OFFICER 249988 0 0 0 0 0 0 0 29592 0 279580 0 0 0 ROBERTO GONZALEZ CHIEF ADVOCACY OFFICER 236888 0 0 0 0 0 0 0 32125 0 269013 0 0 0 SANDRA GERMAINE CHIEF TALENT OFFICER 221846 0 0 0 0 0 0 0 17645 0 239491 0 0 0 CHRISTIAN KEROLES DIRECTOR OF FINANCIAL FREEDOM 174911 0 3044 0 0 0 0 0 11706 0 189661 0 0 0 ELISHA MALDONADO COMMUNICATIONS DIRECTOR 144188 0 2000 0 0 0 0 0 11629 0 157817 0 0 0 PART I, LINE 7 CERTAIN INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVED DISCRETIONARY BONUSES FROM THE ORGANIZATION DURING THE 2024 CALENDAR YEAR. THESE BONUSES REPRESENT A COMBINED TOTAL OF $5,044.00. X CRYTPOCURRENCY 3 221053 BITCOIN MARKET PRICE 0 0 0 1 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE AMOUNT DONATED IN PART I, COLUMN (B), SPECIFICALLY 2.81353231 BTC. PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY TO SELL ANY BITCOIN DONATIONS FOR U.S. DOLLARS. FORM 990, PART I, LINE 5, AND PART V, LINE 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT MAINTAIN MINUTES FOR ANY COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND AUDIT COMMITTEE OF THE BOARD, AND IS READY TO BE FILED WITH THE IRS, IT IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S COMPENSATION COMMITTEE DETERMINED THE COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER BASED ON COMPARABILITY DATA, SUCH AS FORM 990'S OF SIMILAR ORGANIZATIONS, PERFORMANCE AND MERIT. THE COMPENSATION OF THE CEO WAS APPROVED BY THE BOARD AND THIS PROCESS WAS LAST CONDUCTED IN 2024. THE CEO AND PRESIDENT USE VARIOUS DATA POINTS SUCH AS FORM 990'S OF SIMILAR ORGANIZATIONS, PERFORMANCE AND MERIT, AND CONSULTATION WITH HRF'S BOARD OF DIRECTORS TO DETERMINE THE SALARIES OF KEY EMPLOYEES. THIS PROCESS WAS LAST CONDUCTED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BYLAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.