Bitcoin Worldwide Development Foundation EIN 86-3706143 Form 990 (PDF) Claim this org

Bitcoin Worldwide Development Foundation FY2021 filing

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Advance economic development and financial inclusion for underserved communities while promoting human rights. For fiscal year 2021 it reported $614K in revenue, $489K in expenses, and $125K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Chicago, IL
Filings
4 on file (2021–2021)
Revenue
$614KFY2021
Expenses
$489K
Net assets
$125K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-3706143 Public foundation / grantmaker Chicago, IL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Advance economic development and financial inclusion for underserved communities while promoting human rights.
Leadership
Jack Mallers · President
Money in and out
$614K revenue, $489K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2021
Total revenue
$614K
Pt VIII · Ln 12
Total expenses
$489K
Pt IX · Ln 25
Net assets
$125K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $125K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$614K
FY2021
Expenses
$489K
FY2021
Total assets
$125K
FY2021
Total liabilities
$0
FY2021
Total revenue
$614K
Pt VIII · Ln 12
Total expenses
$489K
Pt IX · Ln 25
Net assets
$125K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$125K
Total assetsPt X · Ln 16$125K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBitcoin Worldwide Development Foundation
EINHdr · item D86-3706143
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFAug 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $489K of program spending, described in the organization's own filed words · FY2021.
01

The organization was formed in 2021 and did not conduct any programming before the year's end. The organization plans to engage in grantmaking, educational programs, research endeavors, and other similar activities to further its mission.

$489Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$614K
Total revenueLn 12$614K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$489K
Total functional expensesLn 25$489K

Balance Sheet

Part X · end of year
CashLn 1$125K
Total assetsLn 16$125K
Total liabilitiesLn 26$0
Total net assetsLn 32$125K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $125K · Operating expenses (Pt IX) $489K · Less non-cash grants $98K · Cash operating expenses/yr $391K
3.8 months
Where the money goes
Program services
Program services $489K · Total expenses $489K
100%
Management & General
Management & general $0 · Total expenses $489K
0%
Fundraising
Fundraising $0 · Total expenses $489K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $614K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $614K · Total revenue $614K
100%
Government reliance
Government grants — · Total revenue $614K
Earned-income share
Program service revenue $0 · Total revenue $614K
0%
Investment reliance
Investment income $0 · Total revenue $614K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $489K
0%
Growth & trend
Revenue growth (YoY)
This year $614K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $125K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $614K · Expenses $489K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $125K
Net-asset ratio
Net assets $125K · Total assets $125K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $125K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jack Mallers · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $489K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $489K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$250K
Grants paid · 1 grant · $100K · 2022–2022
Human Rights Foundation INCNY · FY2022$100,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$0 revenue · ⤓ 990 PDF
FY2023$0 revenue · ⤓ 990 PDF
FY2022$287K revenue · ⤓ 990 PDF
FY2021$614K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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