Iota Fund

The Iota Fund is a nonprofit organization based in Santa Cruz, CA, designated as a tax-exempt entity under section 501(c)(3) of the U.S. Internal Revenue Code. It has been exempt since September 1994[2]. The organization's tax identification number is EIN: 77-0371721.

Purpose and Activities

While specific details about the Iota Fund's mission or activities are not readily available, it is classified as a type of organization that may support purposes such as religious, educational, charitable, scientific, literary, public safety testing, fostering national or international amateur sports competition (excluding athletic facilities or equipment), or preventing cruelty to children or animals[2].

Financial Overview

As a nonprofit, the Iota Fund is primarily supported by contributions, which in the fiscal year ending December 2022 accounted for approximately 97.7% of its total revenue, with the remainder coming from other income sources[2]. In that year, it reported charitable disbursements totaling $13,877, constituting 100% of its total expenses[2]. The organization's financial assets totaled $82,051, with liabilities amounting to $876 as of the same period[2].

Leadership and Compensation

The Iota Fund operates with a leadership structure comprising a president, secretary, treasurer, and multiple directors. Notably, none of the key employees or officers receive compensation, which may be included within the charitable disbursements[2].

Operations and Governance

The Iota Fund files Form 990-PF annually to disclose its financial activities, governance, and compliance with IRS regulations. This form provides detailed insights into its financial status, organizational structure, and operational practices[2].