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Bitcoin Worldwide Development Foundation FY2021 filing

Tax-deductible

Chicago, IL501(c)(3)Foundations & Grantmakers EIN 86-3706143Revenue $614K in FY2021

On file with the IRS200 N La Salle St Ste 2360, 60601-1044 · Chicago, ILTax-exempt since Aug 2022Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
2 of 2
filings with a surplus
Average surplus $101K a year · 22% of revenue · last 2 filings
Looks good: a surplus in 2 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
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$614K
Spent
$489K
To programs
100%
Net assets
$125K
By yearFY2021–FY2024
Revenue
$614K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$614K
FY2022$287K
FY2023$0
FY2024$0
Expenses
$489K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$489K
FY2022$210K
FY2023Not on file
FY2024Not on file
Net assets
$125K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$125K
FY2022$202K
FY2023$57K
FY2024−$19K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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 Aug 2022.

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% · $489K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Jack Mallers
President
$0Pt VII · Sec A
Dylan Lieteau
Secretary
$0Pt VII · Sec A
Robert Scully
Treasurer
$0Pt VII · Sec A
See Bitcoin Worldwide Development Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advance economic development and financial inclusion for underserved communities while promoting human rights.

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Provided by the organization

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1 program · $489K · in their 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

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 · FY2022
Vanguard Charitable Endowment ProgramFY2022$250K
Total grants receivedfrom 1 funder$250K
Grants paid · 1 grant · $100K · 2022–2022
Human Rights Foundation INCNY · FY2022$100,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$614K
Ln 12
Gifts and grantsLn 1h$614K
Money outPt IX
$489K
Ln 25
Programscol B$489K
Owns and owesPt X
$125K
net assets · Ln 32
Cash and savingsLn 1–2$125K
Total assetsLn 16$125K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$614K
Noncash giftsLn 1g$98K
Gains on assetsLn 7$0
Total revenueLn 12$614K
Assets in detailPt X, end of year
CashLn 1$125K
Cash and savings togetherLn 1–2$125K
Total assetsLn 16$125K
LiabilitiesLn 26$0
Net assetsLn 32$125K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$125K
Total assetsLn 16$0$125K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$125K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$489K$489K
Total functional expensesLn 25$489K$489K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0−$19K 990 PDF
FY2023 $0$57K 990 PDF
FY2022 $287K$210K$77K$202K 990 PDF
FY2021 Viewing $614K$489K$125K$125K 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 M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $613,618 revenue, 12 lines filed
I-8 Contributions and grants$613,618
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$613,618
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$488,598
I-18 Total expenses$488,598
I-19 Revenue less expenses$125,020
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $613,618 across 5 lines filed
VIII-1f All other contributions, gifts and grants$613,618
VIII-1g Noncash contributions (included above)$98,090
VIII-1h Total contributions, gifts and grants$613,618
VIII-7 Net gain or loss on sales of assets$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$613,618
Part IX · Statement of functional expenses $488,598 across 1 line filed
IX-12 Advertising and promotionPrograms $488,598$488,598
IX-25 Total functional expensesPrograms $488,598 · Management $0 · Fundraising $0$488,598
Part X · Balance sheet $125,020 assets, 5 lines filed
X-1 Cash, non-interest-bearing$125,020
X-16 Total assetsStart of year $0$125,020
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$125,020
X-33 Total liabilities and net assetsStart of year $0$125,020
Part XI · Reconciliation of net assets $125,020 net assets at year end
XI-1 Total revenue$613,618
XI-2 Total expenses$488,598
XI-3 Revenue less expenses$125,020
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$125,020

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

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