Storj Institute

Nonprofit profile at a glance

EIN
874286046
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Minneapolis, MN, USA
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Improvement, Capacity Building N.E.C.

Reported finances

Revenue
$47,124
Expenses
$27,148
Assets
$34,938
Liabilities
$0

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

Leadership & pay

2 people listed

Executive titles in this filing

  • BRIDGET DORAN (EXECUTIVE DIRECTOR)
  • KATHERINE JOHNSON (BOARD PRESIDENT)

People named in this filing

  • BRIDGET DORAN (EXECUTIVE DIRECTOR)
  • KATHERINE JOHNSON (BOARD PRESIDENT)

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

Our mission is to increase the participation in web3 of people traditionally underrepresented in technology through educating amplifying activities of historically marginalized people in technology and promoting policies that create more diverse and inclusive activities in blockchain and web3.

What it reported doing in 2024

Public policy engagement: storj institute engaged in public policy initiatives to promote diversity and inclusion in web3 technologies. We participated in key advocacy groups including the wilson center digital assets forum and the blockchain association. These memberships enabled us to contribute to policy discussions and strategic efforts supporting equitable blockchain development. We also explored a potential partnership with an external policy-focused organization to further these goals.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 100
  • Sustainability: 72
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.8%; rating input score 41
  • Program expense ratio: 70.5%; rating input score 70

Transparency & Controls

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

Sustainability

  • Operating margin: 42.4%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 1.29; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 24% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: -103.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -28.5% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 40.8% of revenue deployed · 70.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $19K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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 41/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.