Stand with Crypto Alliance INC

McLean, VAUnknown exempt organizationSince 2022 EIN 88-3656375Revenue $17.0M in FY2024

On file with the IRScryptoactionnetwork.org1390 Chain Bridge Rd 515 · McLean, VA

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Stand with Crypto Alliance INC is a 501(c)(4) dedicated to promoting the growth and security of cryptocurrency.

86¢ of each $1 spent went to programs.
Run by 1 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
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $2.6M a year · 20% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$585K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
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
Liabilities
$246K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.0M
+110% vs prior year
Spent
$18.8M
To programs
86%
Net assets
$5.2M
By yearFY2022–FY2024
Revenue
$17.0M
FY2024▲ +110%
Tap a bar for its year
Revenue by fiscal year
FY2022$121K
FY2023$8.1M
FY2024$17.0M
Expenses
$18.8M
FY2024▲ ×17
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$1.1M
FY2024$18.8M
Net assets
$5.2M
FY2024▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2022$30K
FY2023$7.0M
FY2024$5.2M

From the FY2024 Form 990 · see the original

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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

86 cents of each dollar spent went to programs.

Program services 86% · $16.1M Management & general 14% · $2.7M

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; $585K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Director (until 08/24)
$236,000Pt VII · Sec A
Director (until 08/24)
$164,583Pt VII · Sec A
Treasurer
$102,500Pt VII · Sec A
Exec Director/Secretary (as of 8/24)
$81,500Pt VII · Sec A
Chair (as of 8/24)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023
Smrthi Sathe$236,000$55,000
Nick Carr$164,583$50,000
Ronnie Cho$102,500$12,500
Logan Dobson$81,500—
Michael Dorsey—$37,500

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 Stand with Crypto Alliance INC 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 15aNo

Programs and updates

Promotes cryptocurrency growth and security through advocacy.

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Provided by the organization

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3 programs · $16.1M · in their own filed words · FY2024
01

Created tools and resources to help educate people where lawmakers stand on crypto policies and ways to directly engage with lawmakers

$7.1Mprogram expense
02

Signed up over 1.5m people to help advocate for pro-crypto policies.

$6.1Mprogram expense
03

Helped educate SWC advocates on the importance of voting and provided tools and resources on how and where to vote.

$2.9Mprogram 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 · 4 grants · $45K · 2023–2024
Equality ProjectFY2024$10,000
Texas Blockchain CouncilTX · FY2024$10,000
Texas Blockchain CouncilTX · FY2023$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$17.0M
Ln 12
Gifts and grantsLn 1h$17.0M
Money outPt IX
$18.8M
Ln 25
Programscol B$16.1M
Managementcol C$2.7M
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$5.5M
LiabilitiesLn 26$246K
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.0M
Noncash giftsLn 1g$442K
Total revenueLn 12$17.0M
Assets in detailPt X, end of year
CashLn 1$4.9M
Cash and savings togetherLn 1–2$4.9M
InvestmentsLn 11–13$581K
Total assetsLn 16$5.5M
LiabilitiesLn 26$246K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
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 FY24End FY24
Cash and savingsLn 1–2$7.0M$4.9M
InvestmentsLn 11–13$76K$581K
Total assetsLn 16$7.1M$5.5M
LiabilitiesLn 26$57K$246K
Net assetsLn 32$7.0M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Pay of current officers, directors and key staffLn 5$585K$585K
Legal feesLn 11b$234K$234K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$7.1M$4.8M$2.3M
Advertising and promotionLn 12$6.6M$6.6M
Office expensesLn 13$309K$309K
TravelLn 17$100K$100K
Conferences, conventions and meetingsLn 19$2.1M$2.1M
Other expenses (24a–d)Ln 24$1.7M$1.7M
All other expensesLn 24e$3K$928$2K
Total functional expensesLn 25$18.8M$16.1M$2.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $17.0M$18.8M−$1.9M$5.2M 990 PDF
FY2023 $8.1M$1.1M$7.0M$7.0M 990 PDF
FY2022 $121K$30K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $16,962,112 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,075,793$16,962,112
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 $8,075,793$16,962,112
I-13 Grants and similar amounts paidPrior year $14,500$38,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $155,000$584,583
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $922,688$18,204,052
I-18 Total expensesPrior year $1,092,188$18,827,135
I-19 Revenue less expensesPrior year $6,983,605−$1,865,023
Part VI · Governance 1 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $16,962,112 across 4 lines filed
VIII-1f All other contributions, gifts and grants$16,962,112
VIII-1g Noncash contributions (included above)$442,112
VIII-1h Total contributions, gifts and grants$16,962,112
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$16,962,112
Part IX · Statement of functional expenses $18,827,135 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $38,500$38,500
IX-5 Pay of current officers, directors and key staffPrograms $584,583$584,583
IX-11b Legal feesPrograms $233,846$233,846
IX-11c Accounting feesManagement $49,863$49,863
IX-11g Other fees for servicesPrograms $4,777,571 · Management $2,318,042$7,095,613
IX-12 Advertising and promotionPrograms $6,621,176$6,621,176
IX-13 Office expensesManagement $309,353$309,353
IX-17 TravelPrograms $99,693$99,693
IX-19 Conferences, conventions and meetingsPrograms $2,133,760$2,133,760
IX-24 Other expenses (24a–d)Programs $1,657,585$1,657,585
IX-24e All other expensesPrograms $928 · Management $2,235$3,163
IX-25 Total functional expensesPrograms $16,147,642 · Management $2,679,493 · Fundraising $0$18,827,135
Part X · Balance sheet $5,457,787 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $6,995,601$4,877,034
X-12 Other securitiesStart of year $75,793$580,753
X-16 Total assetsStart of year $7,071,394$5,457,787
X-17 Accounts payable and accrued expensesStart of year $57,480$246,048
X-26 Total liabilitiesStart of year $57,480$246,048
X-32 Total net assets or fund balancesStart of year $7,013,914$5,211,739
X-33 Total liabilities and net assetsStart of year $7,071,394$5,457,787
Part XI · Reconciliation of net assets $5,211,739 net assets at year end
XI-1 Total revenue$16,962,112
XI-2 Total expenses$18,827,135
XI-3 Revenue less expenses−$1,865,023
XI-4 Net assets at start of year$7,013,914
XI-5 Net unrealized gains (losses) on investments$62,848
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,211,739

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

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