Enterprise Ethereum Alliance Inc

Nonprofit profile at a glance

EIN
820899068
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Wakefield, MA, USA
Phone
7818766262
Rating confidence
Limited
Sector
Business and Industry

Official website

Reported finances

Revenue
$533,888
Expenses
$428,018
Assets
$659,190
Liabilities
$235,772

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

Leadership & pay

11 people listed

Executive titles in this filing

  • KAREN SCARBROUGH (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KAREN SCARBROUGH (EXECUTIVE DIRECTOR): $48,000 total reported compensation

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

Overview

Mission

Eea is a 501 (c) (6) non-profit corporation. Eea's mission is to enable organizations to adopt and use ethereum technology in their day-to-day business operations.

What it reported doing in 2024

The eea is a member-led industry organization whose objective is to drive the use of ethereum blockchain technology as an open-standard to empower all enterprises. Our members are thought leaders from around the globe with a shared vision to create enterprise-ready solutions.eea working groups (wgs) collaborate to develop open, standards-based specifications to accelerate the acceptance and deployment of ethereum blockchain solutions within the global marketplace. These groups ensure that deliverables developed by the eea and the specific industry requirements developed by the eea interest groups (igs) are prepared properly for inclusion in specification development. Wgs also may determine how to use existing standards to resolve problems, provide support to help eea members understand what they need, and provide a contact point for the broader community to make requests or ask questions.igs are vertical, industry-centric groups where eea members in a specific industry segment exchange information, share use cases, and work together to ensure that the eea enterprise ethereum technical specification supports their specific industry market requirements. To foster information exchange and collaboration, igs host phone calls, webinars, and in-person meetings that often feature speakers and industry presentations on important blockchain concepts and technical innovations.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 69
  • Sustainability: 59
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 19.8%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 1.54; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 11.2%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -10.3% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -13.1% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 10 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $48K · 11 people listed
  • Highest-paid contractors: 1 contractor listed · $153K reported
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2017 to 2024
  • 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.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.