OPEN SATS INITIATIVE INC
TX
501(C)(3) organization. Received $250,000 grant in 2024. Purpose: BITCOIN DEVELOPMENT FUND
Tracked direct giving
$0
Tracked donations to candidate
$0
Connections
11
Dark Money Spending
Election spending by organizations that do not disclose their donors. Dark money flows through 501(c)(4) social welfare organizations, 501(c)(6) trade associations, and similar entities that are not required to reveal their funders. Figures below are never combined with disclosed-donor totals.
IRS 990 Schedule I Grant Chain
Grants between nonprofits reported on IRS Form 990 Schedule I. These inter-organizational transfers are a key pathway in dark money flows — a nonprofit may receive a grant from one entity and then spend that money on election ads.
IRS 990 Schedule I grants given
$477,042
| Grantee | Amount | Tax Year | Purpose |
|---|---|---|---|
| CORACLE SOCIAL LLC | $62,500 | 2023 | Free and Open Source Software Development |
| Mutiny Wallet Inc | $150,000 | 2023 | Free and Open Source Software Development |
| Coinstr Inc | $12,000 | 2023 | Free and Open Source Software Development |
| Payjoin LLC | $30,000 | 2023 | Free and Open Source Software Development |
| DAKOTA SOFTWARE SOLUTIONS LLC | $12,500 | 2023 | Free and Open Source Software Development |
| Anoncomputer LLC | $20,000 | 2023 | Free and Open Source Software Development |
| BRINK TECHNOLOGY LLC | $21,000 | 2023 | Free and Open Source Software Development |
| BITCOIN DEV KIT FOUNDATION | $119,042 | 2023 | Free and Open Source Software Development |
| SUMMER OF BITS INC | $50,000 | 2023 | Free and Open Source Software Education |
IRS 990 Schedule I grants received
$11,500,000
| Grantor | Amount | Tax Year | Purpose |
|---|---|---|---|
| Human Rights Foundation | $250,000 | 2024 | BITCOIN DEVELOPMENT FUND |
| Fidelity Investments Charitable Gift Fund | $11,250,000 | 2022 | For grant recipient's exempt purposes |
Source: IRS Form 990 Schedule I (Grants and Other Assistance to Organizations) via ProPublica Nonprofit Explorer and IRS 990 XML e-files. Grant amounts represent the most recent filing year available.
IRS 990 data lags a year or more behind filing. Grants shown are for the stated tax year and do not establish current-cycle funding.
Methodology Disclosure
Dark money figures are derived from FEC Form 5 (independent expenditures by non-committee organizations) and Form 9 (electioneering communications). These filings capture spending on ads and election communications but do not reveal the identity of the organization's donors. QPQ totals may differ from benchmarks like the Brennan Center's estimates because QPQ includes all Form 5 filers, while some benchmarks count only a subset of non-disclosing nonprofits. Grant chain data is from IRS Form 990 Schedule I and may not include all years or all grantee organizations.
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Relationships
| Type | Connected To | Details | Source |
|---|---|---|---|
| Gave money to | CORACLE SOCIAL LLC | IRS 990 Schedule I grant of $62,500 (tax year 2023). Purpose: Free and Open Source Software Development | Source |
| Gave money to | Mutiny Wallet Inc | IRS 990 Schedule I grant of $150,000 (tax year 2023). Purpose: Free and Open Source Software Development | Source |
| Gave money to | Coinstr Inc | IRS 990 Schedule I grant of $12,000 (tax year 2023). Purpose: Free and Open Source Software Development | Source |
| Gave money to | Payjoin LLC | IRS 990 Schedule I grant of $30,000 (tax year 2023). Purpose: Free and Open Source Software Development | Source |
| Gave money to | DAKOTA SOFTWARE SOLUTIONS LLC | IRS 990 Schedule I grant of $12,500 (tax year 2023). Purpose: Free and Open Source Software Development | Source |
| Gave money to | Anoncomputer LLC | IRS 990 Schedule I grant of $20,000 (tax year 2023). Purpose: Free and Open Source Software Development | Source |
| Gave money to | BRINK TECHNOLOGY LLC | IRS 990 Schedule I grant of $21,000 (tax year 2023). Purpose: Free and Open Source Software Development | Source |
| Gave money to | BITCOIN DEV KIT FOUNDATION | IRS 990 Schedule I grant of $119,042 (tax year 2023). Purpose: Free and Open Source Software Development | Source |
| Gave money to | SUMMER OF BITS INC | IRS 990 Schedule I grant of $50,000 (tax year 2023). Purpose: Free and Open Source Software Education | Source |
| Received money from | Human Rights Foundation | IRS 990 Schedule I grant of $250,000 (tax year 2024). Purpose: BITCOIN DEVELOPMENT FUND | Source |
| Received money from | Fidelity Investments Charitable Gift Fund | IRS 990 Schedule I grant of $11,250,000 (tax year 2022). Purpose: For grant recipient's exempt purposes | Source |