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Texas Blockchain Council FY2022 filing

Richardson, TX501(c)(6)Since 2020Mutual / membership EIN 85-1019061Revenue $2.0M in FY2022

On file with the IRStexasblockchaincouncil.org1900 Jay Ell Dr, 75081-1838 · Richardson, TXTax-exempt since Feb 2021

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The TEXAS BLOCKCHAIN COUNCIL IS A NONPROFIT INDUSTRY ASSOCIATION MADE UP OF COMPANIES AND INDIVIDUALS THAT WORK IN A VARIETY OF INDUSTRIES THAT ARE CONNECTED TO BITCOIN, CRYPTO AND BLOCKCHAIN TECHNOLOGY. WE ARE WORKING TOGETHER TOMAKE THE STATE OF TEXAS THE JURISDICTION OF CHOICE FOR BLOCKCHAININNOVATION.

100¢ of each $1 spent went to programs.
$327K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $75K a year · 4% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$327K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+135% vs prior year
Spent
$2.2M
To programs
100%
Net assets
$139K
By yearFY2021–FY2025
Revenue
$2.0M
FY2022▲ +135%
Tap a bar for its year
Revenue by fiscal year
FY2021$859K
FY2022$2.0M
FY2023$949K
FY2024$2.2M
FY2025$2.4M
Expenses
$2.2M
FY2022▲ +294%
Tap a bar for its year
Expenses by fiscal year
FY2021$556K
FY2022$2.2M
FY2023$2.0M
FY2024$1.8M
FY2025$2.3M
Net assets
$139K
FY2022▼ -55%
Tap a bar for its year
Net assets by fiscal year
FY2021$307K
FY2022$139K
FY2023−$412K
FY2024$214K
FY2025$304K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2021.

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% · $2.2M

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990; $327K paid to officers and key staff.

Part VII, Section A · reportable compensation
Lee Bratcher
President
$326,645Pt VII · Sec A
$0Pt VII · Sec A
Trent Stout
Director
$0Pt VII · Sec A
Nathan Nichols
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Carol Haines
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Lee Bratcher$480,012$391,081$300,004$326,645$153,335

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 Texas Blockchain Council 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 blockchain innovation and adoption across Texas industries.

Questions for Texas Blockchain Council

Tap to ask. Texas Blockchain Council sees how many people are interested.

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

2 programs · $2.2M · in their own filed words · FY2022
01

Public policy group which consists of private citizens and businesses dedicated to investigating the benefits of blockchain technology for texas.

$1.5Mprogram expense
02

Educational and networking conferences to promote blockchain technology and connect top business leaders for future ventures.

$701Kprogram 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
Stand with Crypto Alliance INCFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $20K · 2021–2022
Texas A&m FoundationTX · FY2022$10,000
Texas Bitcoin FoundationTX · FY2021$10,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Money outPt IX
$2.2M
Ln 25
Programscol B$2.2M
Owns and owesPt X
$139K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$139K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$107K
Cash and savings togetherLn 1–2$107K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$32K
Total assetsLn 16$139K
LiabilitiesLn 26$0
Net assetsLn 32$139K
OperationsPt I, VI
EmployeesI 56
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$282K$107K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$307K$139K
LiabilitiesLn 26$0$0
Net assetsLn 32$307K$139K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K
Pay of current officers, directors and key staffLn 5$327K
Other salaries and wagesLn 7$164K
Payroll taxesLn 10$27K
Management feesLn 11a$142K
Legal feesLn 11b$12K
Lobbying feesLn 11d$84K
Advertising and promotionLn 12$583K
Office expensesLn 13$19K
Information technologyLn 14$4K
OccupancyLn 16$18K
TravelLn 17$48K
Conferences, conventions and meetingsLn 19$701K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$48K
All other expensesLn 24e$1K
Total functional expensesLn 25$2.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.4M$2.3M$118K$304K 990 PDF
FY2024Filed with the IRS Oct 30, 2025 $2.2M$1.8M$458K$214K 990 PDF
FY2023Filed with the IRS Jul 14, 2025 $949K$2.0M−$1.1M−$412K 990 PDF
FY2022 ViewingFiled with the IRS Nov 11, 2023 $2.0M$2.2M−$170K$139K 990 PDF
FY2021Filed with the IRS Sep 4, 2022 $859K$556K$304K$307K 990 PDF

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 FY2022 990 (6 parts)
Part I · Summary $2,017,286 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $859,418$2,017,286
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $859,418$2,017,286
I-13 Grants and similar amounts paidPrior year $10,000$10,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $166,962$516,862
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $378,941$1,660,731
I-18 Total expensesPrior year $555,903$2,187,593
I-19 Revenue less expensesPrior year $303,515−$170,307
Part VI · Governance 6 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,017,286 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $2,017,286$2,017,286
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,017,286$2,017,286
Part IX · Statement of functional expenses $2,187,593 across 16 lines filed
IX-1 Grants to domestic organizations$10,000
IX-5 Pay of current officers, directors and key staff$326,645
IX-7 Other salaries and wages$163,662
IX-10 Payroll taxes$26,555
IX-11a Management fees$142,139
IX-11b Legal fees$11,683
IX-11d Lobbying fees$83,800
IX-12 Advertising and promotion$582,756
IX-13 Office expenses$18,920
IX-14 Information technology$3,904
IX-16 Occupancy$17,886
IX-17 Travel$47,694
IX-19 Conferences, conventions and meetings$700,560
IX-23 Insurance$1,873
IX-24 Other expenses (24a–d)$48,069
IX-24e All other expenses$1,447
IX-25 Total functional expenses$2,187,593
Part X · Balance sheet $138,853 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $281,810$106,503
X-4 Accounts receivableStart of year $5,000$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $20,050$32,350
X-16 Total assetsStart of year $306,860$138,853
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $306,860$138,853
X-33 Total liabilities and net assetsStart of year $306,860$138,853
Part XI · Reconciliation of net assets $138,853 net assets at year end
XI-1 Total revenue$2,017,286
XI-2 Total expenses$2,187,593
XI-3 Revenue less expenses−$170,307
XI-4 Net assets at start of year$306,860
XI-5 Net unrealized gains (losses) on investments$2,300
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$138,853

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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