Audit Results
We believe in complete transparency about how scholarship funds are managed. Every dollar is tracked, verified, and reported.
How We're Funded
Innovate the Future
Xogos Gaming scholarship funds are held and managed by Innovate the Future, a registered 501(c)(3) non-profit organization. This structure ensures that all donations and scholarship funds are handled with the highest standards of financial accountability and legal compliance.
Quarterly Distribution Process
How scholarship funds are raised, converted, and verified
Fundraising
Each quarter, Innovate the Future raises funds through generous donations from individuals, organizations, and corporate partners who believe in educational equity.
Students Convert Coins
During the quarter, students who have earned iPlay coins through gameplay, classes, and real-world activities can convert their coins for scholarships. All converted coins go into a collective pot.
Proportional Distribution
Each student receives a percentage of the raised funds based on their share of total coins converted. If you converted 10% of all coins that quarter, you receive 10% of the funds raised.
Verification & Tracking
Your scholarship earnings are tracked digitally in your Xogos Bank. Our system calculates exactly what we owe each student, and Innovate the Future is audited to verify they hold that total amount in FDIC-secured bank accounts.
Quarterly Audits
Regular financial audits ensure complete accountability
Our Commitment to Transparency
Regular Reporting
Quarterly financial reports are published and made available to stakeholders, donors, and the public.
Independent Audits
All audits are conducted by independent third-party auditors to ensure objectivity and accuracy.
Secure Tracking
Blockchain technology ensures every coin earned and converted is permanently and transparently recorded.
Legal Compliance
Full compliance with 501(c)(3) regulations and educational funding requirements.
Questions About Our Finances?
We welcome inquiries about our financial management and audit processes. Transparency is at the core of everything we do.