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Nonprofiteer
← BITCOIN ADVOCACY PROJECT

Form 990 for tax year 2024

Filed by BITCOIN ADVOCACY PROJECT.

Totals

Total revenue
$3,260,827
Total expenses
$2,308,469
Contributions and grants received
$3,260,827
Grants paid
$2,000,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$953,208
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$953,208
Program services expenses (Part IX)
$2,049,948
Management and general expenses
$48,480
Fundraising expenses
$210,041
Program service expenses (Part III)
$2,049,948

Program services were 88.8% 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.

  • 1f · All other contributions, gifts and grants

    $3,260,827

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000,000 · program services $2,000,000

  • 11e · Fees: professional fundraising services

    total $210,000 · fundraising $210,000

  • 11g · Fees: other

    total $63,350 · program services $15,000 · management and general $48,350

  • 13 · Office expenses

    total $130 · management and general $130

  • 17 · Travel

    total $4,948 · program services $4,948

  • 19 · Conferences, conventions and meetings

    total $30,000 · program services $30,000

  • 24a · Other expenses: MERCHANT FEES

    total $41 · fundraising $41

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $850 · end of year $453,208

  • 14 · Intangible assets

    end of year $500,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $850 · end of year $953,208

Mission and programs · 2024

Mission

THE BITCOIN ADVOCACY PROJECT IS A NON-PARTISAN ADVOCACY ORGANIZATION DEDICATED TO EDUCATING LAWMAKERS AND THE AMERICAN PUBLIC ON BITCOIN WHILE BUILDING A GRASSROOTS COALITION OF BITCOIN-CONSCIOUS VOTERS.

Activities or mission (Part I)

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.

  • 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). PROGRAMMING WAS OPEN TO ANY INTERESTED STAKEHOLDERS AND DID NOT ENDORSE OR OPPOSE ANY CANDIDATE FOR PUBLIC OFFICE.

    Expenses $2,000,000 · Grants $2,000,000

  • 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.

    Expenses $49,948

As filed on the 2024 return.

Listed in Part VII

  • David Bailey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • James Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Grant McCarty

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Tracy Hoyos-Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Isaac Eastlund

    DIRECTOR (UNTIL 11/1/2024)

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349325992

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