Civic Intelligence

Bluechip Ratings Inc

990EZ • Fiscal year 2024 • EIN 36-5061146

Jan 01, 2024 to Dec 31, 2024 • Filed on May 05, 2025

Organization Profile
254 Chapman Rd Ste 208 11690Newark, DE 19702

(202) 735-7828

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • NTEE U • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • NTEE U • <$500k nonprofits • Source year 2024

Net Margin

11th percentile

-71%

Higher net margin than 11% of similar nonprofits.

2024 filings • NTEE U • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$60,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 96.0% of source-year revenue.

2024 filings • NTEE U • <$500k nonprofits • Source year 2024

Asset Growth

9th percentile

-69%

Faster asset growth than 9% of similar nonprofits.

2024 filings • NTEE U • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

15th percentile

-76%

Faster revenue growth than 15% of similar nonprofits.

2024 filings • NTEE U • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$20,229

Down $44,550 (-69%) from 2023

Net Assets

Down

$20,229

Down $44,550 (-69%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin11th percentile

Revenue

Down

$62,500

Down $193,135 (-76%) from 2023

Expenses

Down

$107,050

Down $83,806 (-44%) from 2023

Net Income

Down

-$44,550

Down $109,329 (-169%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2023: $64,779Liabilities 2023: $0Net Assets 2023: $64,7792023Assets 2024: $20,229Liabilities 2024: $0Net Assets 2024: $20,2292024

Highlighted filing

2024

Assets$20,229
Liabilities$0
Net Assets$20,229
Open 2024 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2023: $255,635Expenses 2023: $190,856Net Income 2023: $64,7792023Revenue 2024: $62,500Expenses 2024: $107,050Net Income 2024: -$44,5502024

Highlighted filing

2024

Revenue$62,500
Expenses$107,050
Net Income-$44,550
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.0
Gross Receipts
$62,500
Mission and Program Overview

Mission

Bluechip Ratings Inc. has been incorporated to act as an independent, nonprofit rating agency, to promote the common business interest of members of the digital assets industry. Bluechip's specific focus is on 'stablecoins'. We aim to make promote the growth and safety of stablecoins.

Program Services

DescriptionGrantsExpenses
The company published five stablecoin risk assessment reports during the year. Four reports were done on pro-bono basis, and one report was monetized. In addition, the company also provided pro-bono advisory for emerging stablecoin issuers as well as free weekly industry updates via Twitter/X.--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vaidya PallasenaDirector, Secretary And TreasurerFT$60,000-$60,000
Benjamin LevitPresident & DirectorFT$34,184-$34,184
Garett JonesDirector-$4,200-$4,200
Filing and Contact Details

Filer

Filer Name
Bluechip Ratings Inc
EIN
36-5061146
Phone
2027357828
Address
254 Chapman Rd Ste 208 11690, Newark, DE 19702

Signing Officer

Name
Benjamin Levit
Title
President
Phone
2027357828
Signed
2025-05-05
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Information Technology Softwares and Subscriptions;8535|Conference Expenses;5435|Government Fees;625|Miscellaneous Expenses;219^Total;14814^”

Raw XML Appendix112 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Garett Jones
IRS990EZ/BooksInCareOfDetail/PhoneNum02027357828
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0254 Chapman Rd Ste 208 11690
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Newark
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DE
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019702
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt064779
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt020229
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt050000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-44550
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt087688
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt064779
IRS990EZ/Form990TotalAssetsGrp/EOYAmt020229
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt062500
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt064779
IRS990EZ/NetAssetsOrFundBalancesEOYAmt020229
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt064779
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt020229
IRS990EZ/OccupancyRentUtltsAndMaintAmt0348
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt240
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt034184
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt14200
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt260000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Benjamin Levit
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Garett Jones
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Vaidya Pallasena
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director, Secretary and Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt014814
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Bluechip Ratings Inc. has been incorporated to act as an independent, nonprofit rating agency, to promote the common business interest of members of the digital assets industry. Bluechip's specific focus is on 'stablecoins'. We aim to make promote the growth and safety of stablecoins.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt012500
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The company published five stablecoin risk assessment reports during the year. Four reports were done on pro-bono basis, and one report was monetized. In addition, the company also provided pro-bono advisory for emerging stablecoin issuers as well as free weekly industry updates via Twitter/X.
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt04200
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt0107050
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt062500
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Information Technology Softwares and Subscriptions;8535|Conference Expenses;5435|Government Fees;625|Miscellaneous Expenses;219^Total;14814^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Benjamin Levit
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02027357828
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLUECHIP RATINGS INC
ReturnHeader/Filer/BusinessNameControlTxt0BLUE
ReturnHeader/Filer/EIN0365061146
ReturnHeader/Filer/PhoneNum02027357828
ReturnHeader/Filer/USAddress/AddressLine1Txt0254 Chapman Rd Ste 208 11690
ReturnHeader/Filer/USAddress/CityNm0Newark
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019702
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-05T09:37:53-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,229
Liabilities
$0
Net assets
$20,229
Revenue
$62,500
Expenses
$107,050
Net income
-$44,550
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.63$1.07$0.45
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$2.56$1.91$0.65