Open Sats Initiative Inc
To fund bitcoin-related free and open-source projects and associated education and research initiatives.
Open Sats Initiative Inc at a glance
In short: Open Sats Initiative Inc gave $1.4M across 21 grants in 2024 (avg $66K), top state Texas. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,375,900
- +186.7% vs 2023
- Grants made (2024)
- 21
- +110.0% vs 2023
- Average grant
- $65,519
- +36.5% vs 2023
- Median grant
- $50,000
- Total assets
- $51,258,946
- +268.3% vs 2023
- Primary geography
- Texas (16% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Open Sats Initiative Inc
Open Grants
4 open opportunities from Open Sats Initiative Inc
Bitcoin Grants Program
Open Sats Initiative Inc
Amount
Varies
Deadline
Deadline not published
Education Grants Program
Open Sats Initiative Inc
Amount
Varies
Deadline
Deadline not published
Long-Term Support (LTS) Program
Open Sats Initiative Inc
Amount
Varies
Deadline
Deadline not published
Who Open Sats Initiative Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Clams LLC ($150K). Together the top 10 received $1.0M.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 17 grants of 33 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
States
Cities
How Open Sats Initiative Inc gives
- 24% of 2024 grantees were also funded in 2023. Method
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $267K (2022) to $1.4M (2024). In 2024 it made 21 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Clams LLC St Petersburg, FL | Free and Open Source Software Development | $150,000 |
| Bitcoin Dev Kit Foundation Nashville, TN | Free and open source software developmentfree and open source software development | $150,000 |
| Coracle Social LLC Troy, ID | Free and Open Source Software Development | $125,000 |
| Satoshi Nakamoto Institute Austin, TX | Free and Open Source Software Development | $115,106 |
| Intrinsic Bitcoin LLC Cary, NC | Free and Open Source Software Development | $100,000 |
| J12 Solutions LLC Huntsville, AL | Free and Open Source Software Development | $100,000 |
| Infraops LLC Austin, TX | Free and Open Source Software Development | $87,500 |
| Relay Tools LLC Standwood, WA | Free and Open Source Software Development | $72,000 |
| Bitcoin Policy Institute Nashville, TN | Free and Open Source Software Development | $66,018 |
| Benny B LLC Tampa, FL | Free and Open Source Software Development | $51,701 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $51,258,946 | $28,836,331 | $9,885,182 | $1,375,900 | 21 | $4,544,077 |
| 2023 | $13,919,479 | $11,337,061 | $3,972,066 | $479,896 | 10 | — |
| 2022 | $1,375,133 | $1,793,905 | $282,375 | $266,838 | 2 | — |
| 2021 | $163,958 | $176,322 | $12,364 | — | — | — |
About Open Sats Initiative Inc
Based on IRS filings
Open Sats Initiative Inc is a public charity focused on Community Improvement & Capacity Building, based in Punta Gorda, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $51.3M in total assets. In 2024, it awarded 21 grants totaling $1.4M. Net investment income was $4.5M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Open Sats Initiative Inc's 2024 filing lists 11 officers; 1 of 11 officers listed in 2024 is compensated.
Officers on the 2024 filing
Bigrebase LLC
Director
On filings since 2023
2 hrs/week
No compensation reported
Freedom Tech LLC
Director
On filings since 2023
2 hrs/week
No compensation reported
Full Disclosure LLC
Director
On filings since 2023
2 hrs/week
No compensation reported
IB Cypherust LLC
Director
On filings since 2023
2 hrs/week
No compensation reported
Innocuous Widgets LLC
Director
On filings since 2023
2 hrs/week
No compensation reported
Necessary Trouble LLC
Director
On filings since 2023
2 hrs/week
No compensation reported
Orange Coin Good LLC
Director
On filings since 2023
2 hrs/week
No compensation reported
Stay Humble LLC
Director
On filings since 2023
2 hrs/week
No compensation reported
X0f Corp
Director
On filings since 2023
2 hrs/week
No compensation reported
Chronology Unipessoal Lda
Officer
On filings since 2023
40 hrs/week
$117K (2023) → $223K (2024)
Benjamin Price
Officer
Director → Officer & Director, 2022
Officer & Director → Officer, 2023
On filings since 2021
10 hrs/week
No compensation reported
Former officers (8)
- Former: HARPER SINGLETON Termed (2023) — Officer
- Former: Elaine Ou (2022) — Director
- Former: Harper Singleton (2022) — Officer
- Former: Jabari Ennis (2022) — Director
- Former: James O'Beirne (2022) — Director
- Former: Janine Roem (2022) — Director
- Former: Lisa Neigut (2022) — Director
- Former: Matthew Odell (2022) — Director
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $223K, to Chronology Unipessoal LDA (Officer).
Frequently asked questions about Open Sats Initiative Inc
How much does Open Sats Initiative Inc give each year?
Open Sats Initiative Inc gave $1.4M across 21 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $480K across 10 grants.
What is Open Sats Initiative Inc's typical grant size?
Open Sats Initiative Inc's median grant in 2024 was $50,000, and its average grant was $65,519, across 21 grants on its 2024 IRS Form 990.
Where does Open Sats Initiative Inc give grants?
Open Sats Initiative Inc's top state is Texas, with 16% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Tennessee (16%) and Florida (15%). The most frequent recipient cities were Austin, TX (3 grants), Nashville, TN (2 grants) and Sheridan, WY (2 grants).
Does Open Sats Initiative Inc give general operating support?
Not in 2024: none of the 21 grants with a stated purpose on Open Sats Initiative Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Free and Open Source Software Development" (20 grants).
Who are Open Sats Initiative Inc's largest grantees?
Open Sats Initiative Inc's largest 2024 grantees include Clams LLC ($150,000), Bitcoin Dev Kit Foundation ($150,000) and Coracle Social LLC ($125,000), according to its 2024 IRS Form 990. Together they received 31% of its itemized 2024 grant dollars.
How large is Open Sats Initiative Inc?
Open Sats Initiative Inc reported $51.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $28.8M.
What is Open Sats Initiative Inc?
Open Sats Initiative Inc is a public charity focused on Community Improvement & Capacity Building, based in Punta Gorda, FL. It holds $51.3M in total assets as of 2024.
What is Open Sats Initiative Inc's EIN?
Open Sats Initiative Inc's EIN (Employer Identification Number) is 85-2722249. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2021–2024
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Open Sats Initiative Inc down — hundreds of funders to go?