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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 88-0622815

SYMBOL SYNDICATE

Tax-exempt · KIRKLAND, WA 98034

Financials

$2M$987K2022
Revenue Expenses · by fiscal year end
Financials of SYMBOL SYNDICATE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2022990$1,996,291$986,825$1,009,466$1,009,540$74$1,009,466
Financial details: 990 for the year ended December 31, 2022

Revenue

Contributions, gifts and grants
$1,996,243
Program service revenue
$0
Investment income
$48
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$26,372
Other salaries and wages
$809,514
Salaries, compensation and benefits (total)
$984,211
Professional fundraising fees
$0
Program services (functional)
$756,596
Management and general (functional)
$230,229

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$1,009,540
Total liabilities, end of year
$74
Net assets, end of year
$1,009,466
Net assets without donor restrictions
$1,009,466
Gross receipts
$1,996,291
Employees
6
Year formed
2022
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2022, highest compensation first.

NameTitleHours / weekCompensation
Kristy-Leigh A MinehanPresident & CEO
Trustee or director
40$26,372

Address and contacts

Address (IRS master file)
11335 NE 122ND WAY STE 105, KIRKLAND, WA 98034-6933
Signed the 990
Kristy-Leigh A Minehan, President & CEO
Return prepared by
Lapidos Leung & Francis Inc

Mission

The Symbol Syndicate is dedicated to designing, developing, and maintaining mission critical, open-source software, and improving public education on artificial intelligence, blockchain and other emerging technologies. In addition, the organization maintains clients and supporting code and products for multiple cryptocurrency protocols and DeFi projects, including (but not limited to) Bitcoin, Solana, NEM and Symbol.

990 for the year ended December 31, 2022

Program accomplishments

  • Most of 2022 was spent in finding the organizations voice and defining its mission; building the organization's brand identity; learning the rules and ropes with regards to a non-profit organization; setting up internal structure and operations; maintaining two cryptocurrency clients (NIS, for the NEM blockchain; and Catapult, for the Symbol blockchain); product improvements; and improving general education and awareness. At this time, the organization has six defined programs. Education and Awareness (shortened to Education): A program centered around increasing the general awareness of our products, and improving public education for emerging technologies. We also define any social media activity, assets, or asset creation not directly related to fundraising as education and awareness. Research: A program centered around high-quality research and data-driven reports. Research may be (but has not yet been) requested by a donor, a university, or another organization; or it may be internal research we undertake. All research created and undertaken with this program is available publicly, or will be available publicly (once completed and presented in accordance with our usual quality standards). Products: A program centered around development, design and maintenance of high quality open-source products used by the general public, such as cryptocurrency wallets or trading infrastructure. We define a product as anything that has a defined consumer - that is, a human or AI user that ingests our product in order to perform a specific function. Client: A specialized program for the development, design and maintenance of cryptocurrency clients, networking clients, and other types of clients as defined by the client-server model. Due to the specialized nature of this software, this is considered a separate program to the products category.Tooling & Infrastructure: Any software or scripts for small tools and infrastructure that the public may use in collaboration or connection with products produced by the organization (either our organization, or another), but software that does not have a large enough scope to be defined as a product. An example could be a Python script that helps the general public collect and correctly categorize their cryptocurrency transactions for reporting purposes to their local tax agency, and outputs these transactions in a format to be ingested by Lukka (a third party software used in partnership with the IRS for ingestion of cryptocurrency reporting). Other (Program): Any other program that does not yet have a defined category - usually experimental. Generally, the work byproduct of these programs is not public by default, as the result may not meet our quality standards and not be fit for general public consumption in its current form.Key Accomplishments for 2022 include:Education and Awareness: We created digital avatars (2D art, character sheets, and in some cases 3D models) and a CC0-licensed t-shirt series to recognize key contributors in open-source and cryptocurrency communities, rewarding their work in non-financial, creative ways. We also continued to develop and refine the organizations brand identity and voice.
    Expenses $490,029
  • Tooling & Infrastructure: The organization overhauled their public software presence across GitHub; improved documentation; streamlined repositories for code storage and cleaned up any link rot (a term used to denote a dead hyperlink or a hyperlink that no longer points to its originally targeted web file, page, or server).
    Expenses $201,285
  • Products: The organization primarily released security and bug fixes to their products. Beyond this, there were no notable achievements. Post-mortem reports on patched security issues were made publicly available on HackMD, an open-source repository for markdown format documentation.
    Expenses $28,826

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024Not on file

At risk of automatic revocation

None of the last three returns is in the IRS public files. The IRS revokes tax-exempt status after three consecutive years without a return. Recent filings can take a few weeks to appear.

IRS record

EIN
88-0622815
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,009,540
Income (IRS master file)
$1,996,291

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2022$1,996,291$986,825$1,009,540XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-0622815).

Questions about SYMBOL SYNDICATE

What is the EIN of SYMBOL SYNDICATE?
The employer identification number (EIN) of SYMBOL SYNDICATE is 88-0622815.
Is SYMBOL SYNDICATE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to SYMBOL SYNDICATE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SYMBOL SYNDICATE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SYMBOL SYNDICATE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SYMBOL SYNDICATE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2022.
Who are the officers and directors of SYMBOL SYNDICATE?
The 990 for the year ended December 31, 2022 lists 1 person; 1 received compensation from the organization, the highest $26,372 (Kristy-Leigh A Minehan, President & CEO).
How much revenue does SYMBOL SYNDICATE have?
On its 990 for the year ended December 31, 2022 it reported revenue of $1,996,291, expenses of $986,825 and total assets of $1,009,540 at year end.

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