Coin Center INC FY2020 filing

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Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies such as Bitcoin. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using block chain technologies. We do this by producing and publishing policy research from respected academics and experts, educating policymakers and the media about block chain technology, and by engaging in advocacy for sound public policy.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
68¢ of each $1 spent went to programs.
$709K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2.1M a year · 42% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$709K
to officers and key staff · 53% of spending
Concern: pay to officers and key staff is 53% of spending; over 30%.
Pt VII · Sec A
37 mo
of spending, in cash
Looks good: 37.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$93K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$1.3M
To programs
68%
Net assets
$4.3M
By yearFY2020–FY2024
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$12.9M
FY2022$3.5M
FY2023$2.6M
FY2024$4.9M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.9M
FY2022$4.3M
FY2023$3.5M
FY2024$3.6M
Net assets
$4.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$15.3M
FY2022$13.5M
FY2023$12.7M
FY2024$15.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $911K Management & general 15% · $197K Fundraising 17% · $229K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $709K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$253,954Pt VII · Sec A
Director of Research
$233,644Pt VII · Sec A
Director of Communication
$113,453Pt VII · Sec A
Treasurer and Secretary
$108,436Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Peter Van Valkenburgh’s $612K as Director of Research is at the 99th percentile of top reported officer pay among 363 $1–10M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peter Van Valkenburgh$611,796$366,754$313,886$233,644$233,644
Gerald Brito$531,223$602,985———
Jerry Brito——$560,304$407,536$253,954
Neeraj Agrawal$246,149$228,624$219,272$142,800$113,453
Landon Zinda$223,376$134,077———
Antonie Hodge$203,433$206,503$199,285$136,203$108,436

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for sound public policy on cryptocurrency and blockchain technology.

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2 programs · $911K · in their own filed words · FY2020
01

Through our engagement with policymakers at all levels of government, we have found that the top issues facing cryptocurrencies are questions about consumer protection, securities and commodities regulation, financial surveillance, and privacy.

$573Kprogram expense
02

Advocacy

Coin Center educates and advocates for our research and education solutions in order to keep cryptocurrency networks open, decentralized, and permissionless to regulators, legislators and other policy makers.

$338Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 3 grants · $75K · 2021–2023
Fight for the Future INCMA · FY2023$25,000
Fight for the Future INCMA · FY2022$25,000
Fight for the Future INCMA · FY2021$25,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$14K
Other incomeLn 4–11$240
Money outPt IX
$1.3M
Ln 25
Programscol B$911K
Managementcol C$197K
Fundraisingcol D$229K
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$4.4M
LiabilitiesLn 26$93K
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$14K
Other incomeLn 4–11$240
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$335K
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$8K
Land, buildings, equipmentLn 10c$53K
Other assetsLn 15$20K
Total assetsLn 16$4.4M
LiabilitiesLn 26$93K
Net assetsLn 32$4.3M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4.2M$4.2M
InvestmentsLn 11–13$1K$8K
Land, buildings, equipmentLn 10c$0$53K
Total assetsLn 16$4.3M$4.4M
LiabilitiesLn 26$56K$93K
Net assetsLn 32$4.3M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$384K$258K$61K$66K
Other salaries and wagesLn 7$359K$240K$57K$61K
Pension plan contributionsLn 8$480$322$76$82
Other employee benefitsLn 9$18K$12K$3K$3K
Payroll taxesLn 10$48K$32K$8K$8K
Legal feesLn 11b$1K$1K$4
Accounting feesLn 11c$28K$28K
Lobbying feesLn 11d$338K$336K$1K
Other fees for servicesLn 11g$865$865
Advertising and promotionLn 12$325$325
Office expensesLn 13$35K$7K$28K$148
Information technologyLn 14$2K$2K
OccupancyLn 16$90K$90K
TravelLn 17$2K$2K$78
Conferences, conventions and meetingsLn 19$5K$5K$6
Payments to affiliatesLn 21$2K$2K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$16K$15K$252$874
Total functional expensesLn 25$1.3M$911K$197K$229K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.9M$3.6M$1.3M$15.3M 990 PDF
FY2023 $2.6M$3.5M−$910K$12.7M 990 PDF
FY2022 $3.5M$4.3M−$815K$13.5M 990 PDF
FY2021 $12.9M$1.9M$11.0M$15.3M 990 PDF
FY2020 Viewing $1.4M$1.3M$62K$4.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,399,573 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $610,025$1,385,741
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $107,649$13,592
I-11 Other revenuePrior year $72,875$240
I-12 Total revenuePrior year $790,549$1,399,573
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $847,901$808,692
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $635,702$528,465
I-18 Total expensesPrior year $1,483,603$1,337,157
I-19 Revenue less expensesPrior year −$693,054$62,416
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,399,573 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,385,741
VIII-1h Total contributions, gifts and grants$1,385,741
VIII-3 Investment incomeExcluded from tax $13,592$13,592
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $240$240
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,832$1,399,573
Part IX · Statement of functional expenses $1,337,157 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $257,634 · Management $60,948 · Fundraising $65,709$384,291
IX-7 Other salaries and wagesPrograms $240,368 · Management $56,863 · Fundraising $61,305$358,536
IX-8 Pension plan contributionsPrograms $322 · Management $76 · Fundraising $82$480
IX-9 Other employee benefitsPrograms $11,936 · Management $2,824 · Fundraising $3,044$17,804
IX-10 Payroll taxesPrograms $31,899 · Management $7,546 · Fundraising $8,136$47,581
IX-11b Legal feesPrograms $1,175 · Management $4$1,179
IX-11c Accounting feesManagement $28,120$28,120
IX-11d Lobbying feesPrograms $336,383 · Management $1,133$337,516
IX-11g Other fees for servicesManagement $865$865
IX-12 Advertising and promotionPrograms $325$325
IX-13 Office expensesPrograms $7,001 · Management $27,861 · Fundraising $148$35,010
IX-14 Information technologyPrograms $1,596$1,596
IX-16 OccupancyFundraising $89,825$89,825
IX-17 TravelPrograms $2,244 · Fundraising $78$2,322
IX-19 Conferences, conventions and meetingsPrograms $4,738 · Fundraising $6$4,744
IX-21 Payments to affiliatesManagement $2,117$2,117
IX-23 InsuranceManagement $8,606$8,606
IX-24 Other expenses (24a–d)Programs $15,114 · Management $252 · Fundraising $874$16,240
IX-25 Total functional expensesPrograms $910,735 · Management $197,215 · Fundraising $229,207$1,337,157
Part X · Balance sheet $4,382,168 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $334,999$334,999
X-2 Savings and temporary cash investmentsStart of year $3,822,371$3,834,761
X-3 Pledges and grants receivableStart of year $116,231$41,000
X-9 Prepaid expenses and deferred chargesStart of year $48,576$90,506
X-10c Land, buildings and equipment, netStart of year $0$52,783
X-12 Other securitiesStart of year $1,145$7,944
X-15 Other assetsStart of year $11,160$20,175
X-16 Total assetsStart of year $4,334,482$4,382,168
X-17 Accounts payable and accrued expensesStart of year $32,018$38,711
X-19 Deferred revenueStart of year $7,700$54,050
X-25 Other liabilitiesStart of year $16,300$0
X-26 Total liabilitiesStart of year $56,018$92,761
X-27 Net assets without donor restrictionsStart of year $4,177,216$4,188,159
X-28 Net assets with donor restrictionsStart of year $101,248$101,248
X-32 Total net assets or fund balancesStart of year $4,278,464$4,289,407
X-33 Total liabilities and net assetsStart of year $4,334,482$4,382,168
Part XI · Reconciliation of net assets $4,289,407 net assets at year end
XI-1 Total revenue$1,399,573
XI-2 Total expenses$1,337,157
XI-3 Revenue less expenses$62,416
XI-4 Net assets at start of year$4,278,464
XI-5 Net unrealized gains (losses) on investments$48,527
XI-9 Other changes in net assets−$100,000
XI-10 Net assets at end of year$4,289,407

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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