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Blockchain Innovation Project

Washington, DCUnknown exempt organizationEIN 92-3702418

Blockchain innovation project is a nonpartisan, nonprofit organization dedicated to promoting public policies that protect the economic freedom and innovation of digital assets primarily through research and issue advocacy and may engage in any other lawful purpose.

70¢ of each $1 spent went to programs.
Run by 2 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 $175K a year · 39% 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
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
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$405K
-19% vs prior year
Spent
$462K
To programs
70%
Net assets
$350K
By yearFY2023–FY2024
Revenue
$405K
FY2024▼ -19%
Revenue by fiscal year
FY2023$500K
FY2024$405K
Expenses
$462K
FY2024▲ +395%
Expenses by fiscal year
FY2023$93K
FY2024$462K
Net assets
$350K
FY2024▼ -14%
Net assets by fiscal year
FY2023$407K
FY2024$350K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CBlockchain Innovation Project
EINHdr · item D92-3702418
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWashington, DC
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.27 Fundraising $0.03
Program services70%$322K
Management & general27%$125K
Fundraising3%$15K
Total functional expensesLn 25$462K

Finances

Money in and out, what it owns and owes

Surplus margin
-14%
revenue over expenses, this year▼ -117% vs prior filing year
Program spending
70%
of expenses reach programs▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$350K
FY2024▼ -14%
Total assets by fiscal year
FY2023$407K
FY2024$350K
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$57K
Total assetsPt X · Ln 16$350K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$350K
Total assetsLn 16$350K
Total liabilitiesLn 26$0
Total net assetsLn 32$350K
Months of cash on handcomputed9.1

Statement of Revenue

Part VIII
Contributions & grants$400K · 99%
Investment income$5K · 1%
Contributions & grants99%$400K
Investment income1%$5K
Total revenueLn 12$405K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Months of spending covered by cash
Highly liquid reserves $350K · Operating expenses (Pt IX) $462K · Less non-cash grants $150K · Cash operating expenses/yr $312K
13.5 months
Where the money goes
Program services
Program services $322K · Total expenses $462K
70%
Management & General
Management & general $125K · Total expenses $462K
27%
Fundraising
Fundraising $15K · Total expenses $462K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $11K · Solicited contributions (2-yr avg) $450K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $400K · Total revenue $405K
99%
Government reliance
Government grants — · Total revenue $405K
—
Earned-income share
Program service revenue $0 · Total revenue $405K
0%
Investment reliance
Investment income $5K · Total revenue $405K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $462K
0%
Growth & trend
Revenue growth (YoY)
This year $405K · Prior year $500K
-19%
Net-asset trend (YoY)
End of year $350K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $405K · Expenses $462K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $350K
—
Net-asset ratio
Net assets $350K · Total assets $350K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $350K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Adam Rozansky · Reported title TREASURER & SECRETARY · Highest reported compensation $10K · Total expenses $462K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10K · Total expenses $462K
2%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 27%——
Fundraising cost ratio 4%——
Revenue growth -19%——
Legal fee ratio 0.3%——
Accounting fee ratio 0.9%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Adam Rozansky
Treasurer & Secretary
$10,000Pt VII · Sec A
$0Pt VII · Sec A
Ty Strong
Co-Chairman
$0Pt VII · Sec A

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

NameFY2024FY2023
Adam Rozansky$10,000$10,000

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 Blockchain Innovation Project executive salaries →

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Governance & Policies

Part VI
  • 2Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Advocates for policies protecting digital asset economic freedom and innovation through research.

Provided by the organization

This section is blank until Blockchain Innovation Project claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $322K of program spending, described in the organization's own filed words · FY2024.
01

The organization researched and published policy papers and white papers on current issues with a focus on digital asset freedom, innovation and related public policy.

$322Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $405K$462K-19% 990 PDF
FY2023 $500K$93K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $405,071 across 5 lines filed
VIII-1f All other contributions, gifts and grants$400,327
VIII-1g Noncash contributions (included above)$150,327
VIII-1h Total contributions, gifts and grants$400,327
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,744$4,744
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,744$405,071
Part IX · Statement of functional expenses $462,037 across 7 lines filed
IX-5 Pay of current officers, directors and key staffManagement $10,000$10,000
IX-11b Legal feesManagement $1,343$1,343
IX-11c Accounting feesManagement $4,150$4,150
IX-11g Other fees for servicesPrograms $311,346 · Management $108,400 · Fundraising $12,000$431,746
IX-13 Office expensesManagement $931$931
IX-14 Information technologyPrograms $8,876 · Fundraising $2,060$10,936
IX-17 TravelPrograms $2,198 · Management $147 · Fundraising $586$2,931
IX-25 Total functional expensesPrograms $322,420 · Management $124,971 · Fundraising $14,646$462,037
Part X · Balance sheet $350,233 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $407,199$350,233
X-16 Total assetsStart of year $407,199$350,233
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $407,199$350,233
X-32 Total net assets or fund balancesStart of year $407,199$350,233
X-33 Total liabilities and net assetsStart of year $407,199$350,233
Part XI · Reconciliation of net assets $350,233 net assets at year end
XI-1 Total revenue$405,071
XI-2 Total expenses$462,037
XI-3 Revenue less expenses−$56,966
XI-4 Net assets at start of year$407,199
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$350,233

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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