Skip to content
Nonprofiteer
← COIN CENTER INC

Form 990 for tax year 2022

Filed by COIN CENTER INC.

Totals

Total revenue
$3,450,499
Total expenses
$4,265,706
Contributions and grants received
$3,110,750
Grants paid
$25,000
Program service revenue
$0
Investment income
$213,909
Other revenue
$125,840
Total assets, end of year
$13,757,029
Total liabilities, end of year
$263,642
Net assets or fund balances, end of year
$13,493,387
Program services expenses (Part IX)
$3,541,510
Management and general expenses
$449,310
Fundraising expenses
$274,886
Program service expenses (Part III)
$3,541,510

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $618,847

  • 1f · All other contributions, gifts and grants

    $2,491,903

  • 3 · Investment income

    total $177,872 · excluded $177,872

  • 7a · Gross sales of assets other than inventory

    securities $36,037

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $36,037

  • 7d · Net gain or loss

    total $36,037 · excluded $36,037

  • 8a · Fundraising events: gross income

    $257,753

  • 8a · Fundraising events: contributions included on line 1c

    $618,847

  • 8b · Fundraising events: direct expenses

    $131,913

  • 8c · Net income from fundraising events

    total $125,840 · excluded $125,840

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 5 · Compensation of officers, directors and key employees

    total $780,068 · program services $477,406 · management and general $156,947 · fundraising $145,715

  • 7 · Other salaries and wages

    total $548,745 · program services $335,834 · management and general $110,406 · fundraising $102,505

  • 8 · Pension plan contributions

    total $1,332 · program services $815 · management and general $268 · fundraising $249

  • 9 · Other employee benefits

    total $38,587 · program services $23,615 · management and general $7,764 · fundraising $7,208

  • 10 · Payroll taxes

    total $61,872 · program services $37,866 · management and general $12,448 · fundraising $11,558

  • 11b · Fees: legal

    total $1,517,103 · program services $1,515,782 · management and general $1,321

  • 11c · Fees: accounting

    total $26,499 · management and general $26,499

  • 11d · Fees: lobbying

    total $885,691 · program services $884,920 · management and general $771

  • 11g · Fees: other

    total $801 · management and general $801

  • 12 · Advertising and promotion

    total $5,875 · program services $5,875

  • 13 · Office expenses

    total $39,732 · program services $11,654 · management and general $27,666 · fundraising $412

  • 14 · Information technology

    total $762 · program services $748 · management and general $14

  • 16 · Occupancy

    total $74,443 · management and general $74,443

  • 17 · Travel

    total $30,317 · program services $30,259 · management and general $58

  • 19 · Conferences, conventions and meetings

    total $180,214 · program services $178,716 · management and general $1,498

  • 22 · Depreciation, depletion and amortization

    total $18,300 · management and general $18,300

  • 23 · Insurance

    total $9,184 · management and general $9,184

  • 24a · Other expenses: Research expenses

    total $13,031 · program services $13,020 · management and general $11

  • 24b · Other expenses: Donor appreciation

    total $7,239 · fundraising $7,239

  • 24c · Other expenses: Dues and subscriptions

    total $911 · management and general $911

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $339,999 · end of year $374,999

  • 2 · Savings and temporary cash investments

    beginning of year $13,458,467 · end of year $11,835,127

  • 3 · Pledges and grants receivable

    beginning of year $851,750 · end of year $878,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $142,404 · end of year $64,093

  • 10a · Land, buildings and equipment: cost or other basis

    $54,900

  • 10b · Land, buildings and equipment: accumulated depreciation

    $48,751

  • 10c · Land, buildings and equipment, net

    beginning of year $24,449 · end of year $6,149

  • 12 · Investments: other securities

    beginning of year $562,194 · end of year $578,486

  • 15 · Other assets

    beginning of year $20,175 · end of year $20,175

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,251 · end of year $61,642

  • 19 · Deferred revenue

    beginning of year $39,050 · end of year $202,000

  • 27 · Net assets without donor restrictions

    beginning of year $14,444,387 · end of year $12,692,195

  • 28 · Net assets with donor restrictions

    beginning of year $851,750 · end of year $801,192

Mission and programs · 2022

Mission

Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies such as Bitcoin. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using block chain technologies. We do this by producing and publishing policy research from respected academics and experts, educating policymakers and the media about block chain technology, and by engaging in advocacy for sound public policy.

  • Education - Through our engagement with policymakers at all levels of government, we have found that the top issues facing cryptocurrencies are questions about consumer protection, securities and commodities regulation, financial surveillance, and privacy.

    Expenses $2,655,819 · Grants $25,000

  • Advocacy - Coin Center advocates for our research and education solutions in order to keep cryptocurrency networks open, decentralized, and permissionless to regulators, legislators and other policy makers.

    Expenses $885,691

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Morcos

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Jerry Brito

    Executive Director

    Total calculated
    $573,307
    From this org
    $560,304
    From related orgs
    $0
    Other
    $13,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $500,304
    Bonus
    $60,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,003
    Filer's total
    $573,307

  • Balaji Srinivasan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robin Weisman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wences Casares

    Director

    Total calculated
    $0
    Hours/week
    1

  • Antonie Hodge

    Treasurer and Secretary

    Total calculated
    $206,760
    From this org
    $199,285
    From related orgs
    $0
    Other
    $7,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,285
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,475
    Filer's total
    $206,760

  • Peter Van Valkenburgh

    Director of Research

    Total calculated
    $330,408
    From this org
    $313,886
    From related orgs
    $0
    Other
    $16,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,886
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,522
    Filer's total
    $330,408

  • Neeraj Agrawal

    Director of Communication

    Total calculated
    $226,119
    From this org
    $219,272
    From related orgs
    $0
    Other
    $6,847
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,272
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,847
    Filer's total
    $226,119

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202342989349301809

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.