World Blockchain Forum Corp

IRS exemption revoked

East Setauket, NYUnknown exempt organization EIN 82-4634394Latest return filed May 11, 2022

On file with the IRS764 Route 25a Ste 5 · East Setauket, NY

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WORLD BLOCKCHAIN FORUM CORP has been established as a non-profit corporation. WBF is committed to building the worlds largest blockchain resouce platform and traffic portal, enabling project partners to interface with funds seamlessly, exchanges, media and global information

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $246 a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
144% of total assets
Concern: liabilities are 144% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$101K
To programs
100%
Net assets
−$3K
By yearFY2020–FY2021
Revenue
$0
FY2021▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$464K
FY2021$0
Expenses
$101K
FY2021▼ -72%
Tap a bar for its year
Expenses by fiscal year
FY2020$363K
FY2021$101K
Net assets
−$3K
FY2021▼ -103%
Tap a bar for its year
Net assets by fiscal year
FY2020$97K
FY2021−$3K

From the FY2021 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $101K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See World Blockchain Forum Corp executive salaries →

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 15aNo

Programs and updates

Connects blockchain projects with funds, exchanges, and media.

Questions for World Blockchain Forum Corp

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Your first name shows with your question. World Blockchain Forum Corp answers here, for everyone.

2 programs · $201K · in their own filed words · FY2021
01

The organization is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law, including, for such purposes, the making of distributions to organizations…

$101Kprogram expense
02

The organization is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law, including, for such purposes, the making of distributions to organizations…

$101Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$101K
Ln 25
Programscol B$101K
Owns and owesPt X
−$3K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$7K
LiabilitiesLn 26$10K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$7K
Total assetsLn 16$7K
LiabilitiesLn 26$10K
Net assetsLn 32−$3K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS May 11, 2022 $0$101K−$101K−$3K 990 PDF
FY2020Filed with the IRS Apr 15, 2021 $464K$363K$101K$97K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons O · Explanations
See the full FY2021 990 (1 part)
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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