Derec Alliance Inc

Nonprofit profile at a glance

EIN
991245041
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Dover, DE, USA
Phone
4157329520
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Engineering and Technology

Reported finances

Revenue
$116,324
Expenses
$56,585
Assets
$59,739

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • LEEMON BAIRD (PRESIDENT)

People named in this filing

  • LEEMON BAIRD (PRESIDENT)
  • MANCE HARMON (SECRETARY/TR)
  • JOHN WOODS (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Derec alliance inc. Is a scientific and educational standards organization dedicated to advancing computer science through research on decentralized security protocols, promoting cybersecurity in the public interest, and making its standards, research outputs, and educational resources available to the public free of charge.

What it reported doing in 2024

In 2024 derec alliance curated and advanced research on decentralized security protocols through collaboration with technological and tech- adjacent stakeholders, resulting in refined open technical standards and publicly contributed code tools for secure recovery of digital assets and personal data. Derec educated the public on protocol implementation via its website and blog, solicited open comments through github and developer platforms, and maintained a free library research outputs, protocols, and tools at decrecalliance.org, benefitting internet users worldwide without any commercial activities.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 82
  • Sustainability: 63
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.6%; rating input score 40
  • Program expense ratio: 82.4%; rating input score 82

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 51.4%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 1.06; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 36.5%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 39.6% of revenue deployed · 82.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $47K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.