Blockchain Association FY2020 filing

Not tax-deductible

Washington, DC501(c)(6)Since 2018Community Development EIN 83-1360900Revenue $1.8M in FY2020Latest return filed Nov 13, 2025

On file with the IRSWashington, DCTax-exempt since Feb 2021

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Our mission is to advance the future of crypto in the United States promoting the potential of blockchain technology and shaping policy that ensures its success

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-1360900) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$641K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $367K a year · 6% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$641K
to officers and key staff · 37% of spending
Pay to officers and key staff is 37% of spending.
Part VII, Section A
5.6 mo
of spending, in cash
5.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
58% of total assets
Liabilities are 58% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.8M
Spent
$1.7M
To programs
0%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$7.1M
FY2022$7.0M
FY2023$7.3M
FY2024$7.1M
Expenses
$1.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$5.0M
FY2022$9.2M
FY2023$7.9M
FY2024$8.3M
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$3.4M
FY2022$1.9M
FY2023$2.9M
FY2024$3.3M

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

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 Feb 2021.

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

Who runs it and what they're paid

21 people listed on the 990; $641K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$320,577Pt VII · Sec A
Executive Director
$320,577Pt VII · Sec A
Directorpresident
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

David Grimaldi’s $575K as EVP Govt Relations is at the 98th percentile of top reported officer pay among 2832 $1–10M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jacob Chervinsky—$460,385$600,769——
David Grimaldi$575,000$560,000$600,000$171,739—
Kristin Smith$575,000$560,000$600,000——
Kristin McKenzie Smith———$414,097$320,577
Marisa Coppel$389,135$316,673———
Curtis Kincaid$354,711$345,000$250,308——
Cleve Mesidor$300,000————
Daniel Spuller$299,615————

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.

See Blockchain Association 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 15aYes

Programs and updates

Promotes crypto's future and blockchain's potential through policy.

Questions for Blockchain Association

Tap to ask. Blockchain Association sees how many people are interested.

Your first name shows with your question. Blockchain Association answers here, for everyone.

2 programs · in their own filed words · FY2020
01

The blockchain association works to improve the public policy envrionment needed for the blockchain and cryptocurrency technology ecosystem to thrive. In 2020 they established policy positions, worked to educate policymakers, and introduced legislation, as well as expanding their advocacy work to take on additional policy issues that are…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-1360900) · Dispute this line
Pt IX · Ln 25 · col B
02

The blockchain association works to improve the public policy envrionment needed for the blockchain and cryptocurrency technology ecosystem to thrive. In 2020 they established policy positions, worked to educate policymakers, and introduced legislation, as well as expanding their advocacy work to take on additional policy issues that are…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-1360900) · Dispute this line
Pt IX · Ln 25 · col B

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$150K
Grants paid · 22 grants · $951K · 2021–2024
Blockchain FoundationDC · FY2024$100,000
Blockchain FoundationDC · FY2023$103,875
Coin Center INCDC · FY2023$85,472
Blockchain FoundationDC · FY2022$100,000
Blockchain FoundationDC · FY2022$100,000
ApaicsDC · FY2022$25,000
ApaicsDC · FY2022$25,000
Coin Center INCDC · FY2022$20,000
Coin Center INCDC · FY2022$20,000
See all 22 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$92K
Money outPt IX
$1.7M
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$808K
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$92K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$808K
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.8M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $7.1M$8.3M−$1.2M$3.3M 990 PDF
FY2023Filed with the IRS Nov 8, 2024 $7.3M$7.9M−$595K$2.9M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $7.0M$9.2M−$2.2M$1.9M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $7.1M$5.0M$2.1M$3.4M 990 PDF
FY2020 ViewingFiled with the IRS Oct 13, 2021 $1.8M$1.7M$97K$1.3M 990 PDF

Schedules filed Part IV

A · Public support J · Pay O · Explanations
See the full FY2020 990
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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

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

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