Nonprofit · EIN 92-2688813
SATOSHI ACTION EDUCATION
Tax-exempt · PORTLAND, OR 97214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $179,477 | $149,574 | $29,903 | $114,417 | $13,563 | $100,854 |
| December 31, 2023 | 990 | $360,666 | $289,717 | $70,949 | $53,572 | -$17,377 | $70,949 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $179,477
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $12,500
- Salaries, compensation and benefits (total)
- $13,203
- Professional fundraising fees
- $0
- Legal fees
- $438
- Accounting fees
- $10,960
- Travel
- $57,177
- Program services (functional)
- $93,239
- Management and general (functional)
- $55,259
- Fundraising (functional)
- $1,076
Balance sheet and other
- Total assets, start of year
- $53,572
- Total assets, end of year
- $114,417
- Total liabilities, end of year
- $13,563
- Net assets, end of year
- $100,854
- Gross receipts
- $179,477
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2023
- State of legal domicile
- OR
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS S PORTER | PRESIDENT Trustee or director, Officer | 40 | $13,333 |
| ERIC PETERSON | POLICY DIRECTOR Trustee or director | 40 | $11,667 |
| JOE STEFANELLI | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| MATTHEW CARSON | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| JUSTIN BALLARD | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| DAVID CHASE | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS S PORTER | PRESIDENT Trustee or director, Officer | 40 | $26,667 |
| ERIC PETERSON | POLICY DIRECTOR Trustee or director | 40 | $23,333 |
| JOE STEFANELLI | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| MATTHEW CARSON | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| JUSTIN BALLARD | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| DAVID CHASE | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1990 SE MULBERRY AVE, PORTLAND, OR 97214-4768
- In care of
- % DENNIS PORTER
- Principal officer (990 for 2024)
- DENNIS S PORTER, 1990 SE MULBERRY AVE, PORTLAND, OR 97214
- Signed the 990
- DENNIS S PORTER, PRESIDENT & FOUNDER
- Phone
- (202) 288-5777
- Return prepared by
- D K WEISS HOLT & ASSOCIATES PLLC
Mission
SATOSHI ACTION EDUCATION IS A GLOBAL NON-PROFIT 501(C)(3) DEDICATED TO RESEARCHING BITCOIN & THE PROOF-OF-WORK CONSENSUS MECHANISM. OUR ACADEMIC AND SCHOLARLY WORKS ARE INTENDED TO PROVIDE CREDIBLE, EVIDENCE-BACKED RESEARCH SO THE PUBLIC UNDERSTANDS THE BENEFITS OF BITCOIN AND BITCOIN MINING FOR OUR ECONOMY, ENVIRONMENT, GRID, AND SOCIETY AS A WHOLE.
Program accomplishments
- EDUCATION - EDUCATING GLOBALLY ON POLICY SURROUNDING BITCOIN AND ALSO INTERNAL TO BITCOIN.ACADEMIC AND POLICY RESEARCH - RESEARCHING AND WRITING SCHOLARLY WORKS ON BITCOIN AND THE PROOF OF WORK CONSENSUS MECHANISM THAT SHOW THE POSITIVE IMPACTS OF BITCOIN.Expenses $93,239
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2688813
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U05)
- Assets (IRS master file)
- $114,417
- Income (IRS master file)
- $179,477
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $179,477 | $149,574 | $114,417 | IRS |
| 990 | December 2023 | $360,666 | $289,717 | $53,572 | XML |
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 92-2688813).
Questions about SATOSHI ACTION EDUCATION
- What is the EIN of SATOSHI ACTION EDUCATION?
- The employer identification number (EIN) of SATOSHI ACTION EDUCATION is 92-2688813.
- Is SATOSHI ACTION EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to SATOSHI ACTION EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SATOSHI ACTION EDUCATION 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 SATOSHI ACTION EDUCATION 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 SATOSHI ACTION EDUCATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SATOSHI ACTION EDUCATION?
- The 990 for the year ended December 31, 2024 names DENNIS S PORTER.
- Who are the officers and directors of SATOSHI ACTION EDUCATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $13,333 (DENNIS S PORTER, PRESIDENT).
- How much revenue does SATOSHI ACTION EDUCATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $179,477, expenses of $149,574 and total assets of $114,417 at year end.
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