2025-11-05T10:29:24-06:00 2024-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2024-01-01 871014079 DeFi Education Fund DEFI 2022407732 1155 F Street NW STE 1050 Washington DC 20004 Amanda Tuminelli Executive Director 2022407732 2025-10-30 1 1 Yong Zhang CPA P01249785 7038930300 2025-10-29 2024 2025-03-06 01:10:19Z X Amanda Tuminelli 1155 F Street NW STE 1050 Washington DC 20004 13273908 0 X www.defieducationfund.org X 2021 VA See Part III, Line 1. 3 3 13 4 0 0 438616 10429765 0 0 56 -3489657 0 481 438672 6940589 556250 216250 0 0 1164706 1682317 0 59481 279725 2060854 1651400 3781810 3609448 -3343138 3331141 6417247 18450662 332256 303871 6084991 18146791 X DeFi Education Fund is a nonpartisan nonprofit organization committed to advocating for sound DeFi policy. At DEF, we are working to build a mainstream understanding of decentralized finance, and protect the rights of developers, users, and projects to freely create decentralized infrastructure and technology. 0 0 1061973 Policy Litigation: Comprehensive policy work including legal actions, research, and analysis aimed at shaping the regulatory environment for DeFi. Encompasses defending DeFi protocols through litigation, filing amicus briefs, developing substantive research and white papers, producting regulatory analysis and comment letters, and providing legal supoprt in cases with significant implications to DeFi's regulatory treatment. 598714 Lobbying Activities:Direct advocacy with legislators and regulators to advance policy positions that promote innovation and freedom to build DeFi technology. 245582 Public Relations:External communication and community engagement activities that educate members of the public about how DeFi technology works and raise awareness about DeFi policy issues. 216250 216250 Grants to other organizations 491728 Policy meetings / policy research / other programs. 707978 216250 2614247 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 25 0 1 13 1 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X Amanda Tuminelli 2022407732 1155 F Street NW STE 1050 Washington DC 20004 Marc Boiron Director, President 3.00 X X 0 0 0 Rebecca Rettig Director 3.00 X 0 0 0 Jake Chervinsky Director 2.00 X 0 0 0 Amanda Tuminelli CLO, Secretary 40.00 X 514423 0 22594 Miller Whitehouse-Levine CEO 40.00 X 367595 0 28694 Larry Sukernik Director 2.00 X 0 0 0 Lizandro Pieper Research Director 40.00 X 119767 0 10960 Max Bernstein Communications & Operation 40.00 X 174452 0 22474 1176237 0 84722 4 0 1 0 Clement & Murphy PLLC 706 Duke Street Alexandria VA 22314 Policy & Advocacy 333613 Goldstein Policy Solutions LLC 1445 Church Street NW 32 Washington DC 20005 Lobbying 280000 Federal Hall Policy Advisors LLC 1455 Pennsylvania Ave NW Suite 400 Washington DC 20004 Lobbying 260000 Shapiro Finnan LLC 9801 Washingtonian Boulevard Suite Gaithersburg MD 20878 Policy & Advocacy 106766 4 X 10429765 10329084 10429765 208 208 2843454 6333319 -3489865 -3489865 -3489865 Other Income 900099 481 481 481 6940589 0 0 -3489176 216250 216250 845418 676988 60768 107662 697207 558305 50115 88787 37309 37309 102383 82383 9455 10545 28514 11425 17089 83174 83174 480433 480433 59481 59481 69731 69731 115737 99833 15904 11451 11451 60493 47243 13250 65739 65739 128948 128948 59950 59950 Policy litigation 517387 488630 28757 Trading and transaction 25662 25662 Bank & merchant fees 2585 2585 Taxes & licenses 1596 1596 3609448 2614247 715476 279725 274804 481251 2756250 47492 21300 6094951 15191861 6417247 18450662 332256 303871 332256 303871 X 6084991 18146791 6084991 18146791 6417247 18450662 X 3331141 8730659 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ARB 216001 CNV 734 DAI 22155 Due from Foundation 1332 ETH 251337 MATIC 98 WETH 8366 SAFE 180 SOL 19 UNI 13038479 USDC 1653160 15191861 1 Lucas Metropulos 9619 Nevada Place Boca Raton FL 33434 help build out DeFi fundraising function 0 0 59481 0 59481 Schedule G, Part I, Line 2b, Column (v) Help build out DeFi fundraising function. 1 Creative Outfit Inc 1240 Valley Road Villanova PA 19085 472061144 S Corp 10000 0 Program Support. Fight for the Future Education Fund PO Box 55071 PMB 95005 Boston MA 02205 452852041 501c3 143750 0 Program Support. NYU Leonard N Stern School of Business 105 East 17th Street New York NY 10003 135562308 501c3 62500 0 Program Support. 2 1 Part I, Line 2: The Organization requires grant proposals to include information including: 1) how the proposed funding advances the mission of the DeFi Education Fund, 2) information about the individuals and their experience who would be working on the proposed project, 3) a breakdown of how and when the proposed funding would be used to accomplish the objectives of the proposal. The organization reviews grant proposals for the following criteria: 1) relevance to the DeFi Education Fund's mission, 2) viability And impact of the proposal, 3) the cost effectiveness of the proposal, 4) whether the proposing organization or individual is well-equipped to complete the objectives of the proposal, and 5) whether the completion timeline of the proposal would make it relevant and impactful to the Organization's work. Once the DeFi Education Fund determines that it will fund a grant, payments are structured over the lifetime of the project to ensure grantees are meeting expected deadlines and to minimize risk to the Organization's assets should grantees not be. Once a grant is completed, the DeFi Education Fund collects and documents grantees' activities and use of funds. For significant grants and those will long project timelines, the DeFi Education Fund predicates grant payments on the receipt and review of written status reports detailing the grantee's progress on a funded proposal. Before terminating its grants program in summer of 2023, the DeFi Education Fund employed a dedicated grants director who was responsible for ensuring grantees meet the terms of their grant agreements over the course of funded proposals X X X 0 0 0 0 0 0 0 0 0 Amanda Tuminelli CLO, Secretary 451090 0 63333 0 0 0 13600 0 8994 0 537017 0 0 0 Miller Whitehouse-Levine CEO 323595 0 44000 0 0 0 23000 0 5694 0 396289 0 0 0 Max Bernstein Communications & Operation 158952 0 15500 0 0 0 7846 0 14628 0 196926 0 0 0 X Digital Assets 12 10329084 FMV 0 1 0 Form 990, Part VI, Section A, line 8b DeFi Education Fund did not form any committee with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Organization will provide a completed copy of the Form 990 to its governing board via email before the return is filed with the IRS. Form 990, Part VI, Section B, line 12c The Organization has an extensive compliance program, including a conflicts of interest policy delineated in the DeFi Education Fund's bylaws. The Organization's Board of Directors reviewed and approved the bylaws, including the conflicts of interest policy, in 2023. The Board and the Organization's officers and key employees consistently monitor and enforce this policy. Details on the conflicts of interest policy are below. Duty to Disclose. In connection with any actual or possible conflict of interest, an Interested Person must disclose the existence and nature of their interest and may be given, in the discretion of the Board of Directors, the opportunity to disclose all material facts to the Board of Directors or the appropriate committee to which the Board of Directors has delegated the power to consider whether a conflict of interest exists. Determining Whether a Conflict of Interest Exists. After disclosure of the interest and all material facts by the Interested Person, and after any discussion with the Interested Person, the Interested Person will leave the Board of Directors or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining disinterested Directors or committee members will decide if an actual conflict of interest exists and determine whether the transaction or arrangement is approved. Procedures for Addressing the Conflict of Interest. After exercising due diligence, the Board of Directors or committee will determine whether the Fund can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the Board of Directors or committee will determine by a majority vote of the disinterested Directors or committee members whether the transaction or arrangement is in the Fund's best interest and for the Fund's own benefit and whether the transaction is fair and reasonable to the Fund. The Board of Directors or the committee will be required to make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. The President of the Board of Directors or the Chairperson of the committee may, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. The Secretary will record the Board of Directors or the committee's consideration of any conflict of interest in meeting minutes. Compensation. A voting member of the Board of Directors or any committee thereof who receives compensation, directly or indirectly, from the Fund for services is precluded from voting on matters pertaining to that individual's compensation. Failure to Disclose. If the Board of Directors or committee has reasonable cause to believe that an Officer or Director has failed to disclose an actual or possible financial interest, the Board of Directors will inform that individual of the basis for such belief and afford that individual an opportunity to explain the alleged failure to disclose. If, after hearing the response and making such further investigation as may be warranted under the circumstances, the Board of Directors or committee determines that the individual has failed to disclose an actual or possible financial interest, the Board of Directors will take appropriate disciplinary and corrective action. Use of Independent Persons. In the event that Fund is unable to constitute a quorum of independent directors to consider an interest, the Board of Directors may, at its discretion, constitute a committee of independent persons to advise on the contemplated transaction. Loans to Directors and Officers Prohibited. No loans may be made by the Fund to its Directors or Officers. Any Directors voting for or assenting to the making of any loan to a Director or Officer, which is prohibited by applicable law, and any Director or Officer participating in the making thereof, will be jointly and severally liable to the Fund for the amount of such loan until repayment thereof. Form 990, Part VI, Section B, line 15a In determining the salary of the CEO, the Board of Directors considered the salaries of similarly situated executives at 501(c)(4) organizations and set compensation for the CEO based on the findings of this review and in light of the CEO's experience and the Organization's needs. Form 990, Part VI, Section C, line 19 The organization's monthly financial statements are available on its public website. Form 990, Part VIII, line 7d, realized loss from investments: The Organization maintains cryptocurrency assets as part of its treasury management strategy. The Organization has implemented risk management policies including portfolio diversification, regular monitoring, and maintaining operational reserves in stable assets to ensure mission continuity despite market volatility. Form 990, Part XI, line 9: Unrealized gain/loss on cryptocurrency 8,730,659.