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Bitcoin Advocacy Project

Nashville, TNUnknown exempt organization EIN 88-1349675Revenue $3.3M in FY2024

On file with the IRS438 Houston St 257 · Nashville, TN

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In 2024, Bitcoin Advocacy Project (bap) educated u.s. Candidates, campaigns, and organizations on bitcoin's policy implications and led Advocacy/public education, including speaking at domestic and international events.

89¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$3.3M
Spent
$2.3M
To programs
89%
Net assets
$953K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.0M Management & general 2% · $48K Fundraising 9% · $210K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
David Bailey
President
$0Pt VII · Sec A
James Jones
Secretary
$0Pt VII · Sec A
Grant McCarty
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Isaac Eastlund
Director (until 11/1/2024)
$0Pt VII · Sec A
See Bitcoin Advocacy Project 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates candidates and the public on Bitcoin's policy implications and advocates for its use.

Questions for Bitcoin Advocacy Project

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Your first name shows with your question. Bitcoin Advocacy Project answers here, for everyone.

Provided by the organization

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2 programs · $2.0M · in their own filed words · FY2024
01

Stakeholder Education (u.s.)

Bap provided nonpartisan education on bitcoin's implications for U.S. Competitiveness, economic resilience, and civil liberties to political candidates, campaign teams, and other organizations (industry groups, nonprofits, associations).

$2.0Mprogram expense
02

Advocacy & Public Education (domestic & International Forums)

Advocated for pro-bitcoin policies and spoke at CONFERENCES/EVENTS (including international venues) on the benefits of bitcoin for america and for the world.

$50Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $2.0M · 2024–2024
Securing American Greatness INCMA · FY2024$2,000,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$3.3M
Money outPt IX
$2.3M
Ln 25
Programscol B$2.0M
Managementcol C$48K
Fundraisingcol D$210K
Owns and owesPt X
$953K
net assets · Ln 32
Cash and savingsLn 1–2$453K
Total assetsLn 16$953K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$453K
Cash and savings togetherLn 1–2$453K
Total assetsLn 16$953K
LiabilitiesLn 26$0
Net assetsLn 32$953K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$850$453K
Total assetsLn 16$850$953K
LiabilitiesLn 26$0$0
Net assetsLn 32$850$953K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Professional fundraising feesLn 11e$210K$210K
Other fees for servicesLn 11g$63K$15K$48K
Office expensesLn 13$130$130
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$30K$30K
Other expenses (24a–d)Ln 24$41$41
Total functional expensesLn 25$2.3M$2.0M$48K$210K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.3M$2.3M$952K$953K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,260,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$3,260,827
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$3,260,827
I-13 Grants and similar amounts paidPrior year $0$2,000,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$210,000
I-17 Other expensesPrior year $0$98,469
I-18 Total expensesPrior year $0$2,308,469
I-19 Revenue less expensesPrior year $0$952,358
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
Part VIII · Statement of revenue $3,260,827 across 3 lines filed
VIII-1f All other contributions, gifts and grants$3,260,827
VIII-1h Total contributions, gifts and grants$3,260,827
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,260,827
Part IX · Statement of functional expenses $2,308,469 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $2,000,000$2,000,000
IX-11e Professional fundraising feesFundraising $210,000$210,000
IX-11g Other fees for servicesPrograms $15,000 · Management $48,350$63,350
IX-13 Office expensesManagement $130$130
IX-17 TravelPrograms $4,948$4,948
IX-19 Conferences, conventions and meetingsPrograms $30,000$30,000
IX-24 Other expenses (24a–d)Fundraising $41$41
IX-25 Total functional expensesPrograms $2,049,948 · Management $48,480 · Fundraising $210,041$2,308,469
Part X · Balance sheet $953,208 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $850$453,208
X-14 Intangible assets$500,000
X-16 Total assetsStart of year $850$953,208
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $850$953,208
X-33 Total liabilities and net assetsStart of year $850$953,208
Part XI · Reconciliation of net assets $953,208 net assets at year end
XI-1 Total revenue$3,260,827
XI-2 Total expenses$2,308,469
XI-3 Revenue less expenses$952,358
XI-4 Net assets at start of year$850
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$953,208

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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