Civic Intelligence

Coin Center Inc

990 • Fiscal year 2016 • EIN 47-1315917

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

718 7th St NW No 2nd FlWashington, DC 20001

(202) 618-2605

Siviq Scores

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

Liabilities / Assets

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

47th percentile

5.5%

Higher net margin than 47% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$228,234

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 23.1% of source-year revenue.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

66th percentile

6.0%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

18th percentile

-13%

Faster revenue growth than 18% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$885,434

Up $49,837 (+6.0%) from 2015

Net Assets

Up

$869,873

Up $54,241 (+6.7%) from 2015

Liabilities

Down

$15,561

Down $4,404 (-22%) from 2015

Revenue

Down

$987,585

Down $145,801 (-13%) from 2015

Expenses

Down

$933,344

Down $259,960 (-22%) from 2015

Net Income

Up

$54,241

Up $114,159 (+191%) from 2015

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2014: $945,788Liabilities 2014: $87,944Net Assets 2014: $857,8442014Assets 2015: $835,597Liabilities 2015: $19,965Net Assets 2015: $815,6322015Assets 2016: $885,434Liabilities 2016: $15,561Net Assets 2016: $869,8732016Assets 2017: $1,463,179Liabilities 2017: $17,980Net Assets 2017: $1,445,1992017Assets 2018: $5,039,819Liabilities 2018: $67,930Net Assets 2018: $4,971,8892018Assets 2019: $4,334,482Liabilities 2019: $56,018Net Assets 2019: $4,278,4642019Assets 2020: $4,382,168Liabilities 2020: $92,761Net Assets 2020: $4,289,4072020Assets 2021: $15,399,438Liabilities 2021: $103,301Net Assets 2021: $15,296,1372021Assets 2022: $13,757,029Liabilities 2022: $263,642Net Assets 2022: $13,493,3872022Assets 2023: $12,873,214Liabilities 2023: $197,704Net Assets 2023: $12,675,5102023Assets 2024: $15,474,475Liabilities 2024: $160,822Net Assets 2024: $15,313,6532024

Highlighted filing

2016

Assets$885,434
Liabilities$15,561
Net Assets$869,873

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $1,286,667Expenses 2014: $418,067Net Income 2014: $868,6002014Revenue 2015: $1,133,386Expenses 2015: $1,193,304Net Income 2015: -$59,9182015Revenue 2016: $987,585Expenses 2016: $933,344Net Income 2016: $54,2412016Revenue 2017: $1,454,662Expenses 2017: $944,704Net Income 2017: $509,9582017Revenue 2018: $5,109,997Expenses 2018: $1,337,100Net Income 2018: $3,772,8972018Revenue 2019: $790,549Expenses 2019: $1,483,603Net Income 2019: -$693,0542019Revenue 2020: $1,399,573Expenses 2020: $1,337,157Net Income 2020: $62,4162020Revenue 2021: $12,910,668Expenses 2021: $1,891,606Net Income 2021: $11,019,0622021Revenue 2022: $3,450,499Expenses 2022: $4,265,706Net Income 2022: -$815,2072022Revenue 2023: $2,556,967Expenses 2023: $3,467,157Net Income 2023: -$910,1902023Revenue 2024: $4,869,974Expenses 2024: $3,596,499Net Income 2024: $1,273,4752024

Highlighted filing

2016

Revenue$987,585
Expenses$933,344
Net Income$54,241
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,144,996
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$760,252$875,484▲ $115,232
Pledges and Grants Receivable$65,332$5,000▼ $60,332
Investments Other Securities$13--
Total Assets$835,597$885,434▲ $49,837
Other Assets Total$10,000$4,950▼ $5,050
Liabilities
Accounts Payable and Accrued Expenses$19,965$15,561▼ $4,404
Total Liabilities$19,965$15,561▼ $4,404
Net Assets / Fund Balance
Unrestricted Net Assets$750,300$864,873▲ $114,573
Temporarily Rstr Net Assets$65,332$5,000▼ $60,332
Total Net Assets Fund Balance$815,632$869,873▲ $54,241
Total Liabilities and Net Assets / Fund Balance$835,597$885,434▲ $49,837
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gerald BritoExecutive DirectorFT$200,000$28,234$228,234
Peter Van ValkenburghDirector of ResearchFT$115,576$7,162$122,738
Antonie HodgeOperations Manager/SecretaFT$74,787$7,546$82,333

Board Members and Trustees

NameTitle
Alex MorcosDirector
Balaji SrinivasanDirector
Jeff GarzikDirector
Susan AtheyDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Sternhell GroupLobbying900 7th Street NW Suite 750, Washington, DC 20001$190,734
Revenue and Support

Revenue Composition

Contributions and Grants
$1,022,310
Program Service Revenue
$0
Investment Income
$20
Other Revenue
$-34,745
All Other Contributions
$1,022,310
Change in Net Assets
$54,241

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,075,195
Revenue Not Reported on Financial Statements
$-87,610
Revenue Not Reported on Form 990
$15,000
Other Revenue Adjustments
$-87,610
Total Revenue per Audited Statements
$1,090,195
Total Revenue per Form 990
$987,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$557,556
Other Expenses$375,788
Total Fundraising Expense$122,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$176,646$70,467$63,455$310,568
Other Salaries and Wages$122,458$37,911$43,990$204,359
Fees for Services Lobbying$190,734--$190,734
Conferences and Meetings$54,891--$54,891
Occupancy$14,215$27,054$4,586$45,855
Payroll Taxes$20,194$6,728$5,987$32,909
Travel$26,397$4,477$891$31,765
Fees for Services Other$13,647$4,016$1,251$18,914
Other Employee Benefits-$8,863-$8,863
Fees for Services Accounting-$7,979-$7,979
Office Expenses$1,500$4,586$229$6,315
Insurance-$4,419-$4,419
Fees for Services Legal-$4,324-$4,324
Pension Plan Contributions-$857-$857
Other Expenses$496$40$53$589
Advertising$212--$212
Information Technology$19--$19
Total Functional Expenses$626,643$184,448$122,253$933,344

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,035,954
Expenses per Audited Statements$933,344
Total Expenses per Form 990$933,344
Expenses Not Reported on Form 990$102,610
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$87,610
Fundraising Gross Income$51,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$51,500$51,500-$51,500
Total Events$51,500$51,500$87,610$-36,110
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

There are currently no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

Each Board member is provided a copy of the draft Form 990 and summary for review and sign off prior to submission.

Form 990, Part VI, Section B, line 15A

The Executive Director's salary and bonus are discussed and voted on by the Board.

Form 990, Part VI, Section C, line 19

The Organization's governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Coin Center Inc
EIN
47-1315917
Phone
2026182605
Address
718 7th St NW No 2nd Fl, Washington, DC 20001

Signing Officer

Name
Gerald Brito
Title
Executive Director
Phone
2026182605
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Brito
Formed
2014
Legal Domicile
De
Voting Board Members
5
Independent Board Members
4
Employees
4
Volunteers
0

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Nicole M Prince CPA
Phone
7038930300
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Management has evaluated the Organization's tax positions and concluded that the Organization's financial statements do not include any uncertain tax positions.

Part XI, Line 4B - Other Adjustments:

Direct benefits to donors -87,610.

Part XII, Line 2D - Other Adjustments:

Direct benefits to donors 87,610.

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

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IRS990/ActivityOrMissionDesc0Coin 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.
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IRS990/MissionDesc0Coin 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.
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IRS990/PYRevenuesLessExpensesAmt0-59918
IRS990/PYSalariesCompEmpBnftPaidAmt0650297
IRS990/PYTotalExpensesAmt01193304
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01133386
IRS990/ReconcilationRevenueExpnssAmt054241
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt015000
IRS990ScheduleD/DonatedServicesUseFcltsAmt015000
IRS990ScheduleD/ExpensesNotReportedAmt0102610
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0933344
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt087610
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-87610
IRS990ScheduleD/RevenueNotReportedAmt015000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-87610
IRS990ScheduleD/RevenueSubtotalAmt01075195
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has evaluated the Organization's tax positions and concluded that the Organization's financial statements do not include any uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Direct benefits to donors -87,610.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct benefits to donors 87,610.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0933344
IRS990ScheduleD/TotalRevenuePerForm990Amt0987585
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01090195
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01035954
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt087610
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt087610
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt087610
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt051500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt051500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt051500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt051500
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-36110
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0200000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount020000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Gerald Brito
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0228234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are currently no committees with the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each Board member is provided a copy of the draft Form 990 and summary for review and sign off prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director's salary and bonus are discussed and voted on by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization's governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt065332
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0835597
IRS990/TotalAssetsEOYAmt0885434
IRS990/TotalAssetsGrp/BOYAmt0835597
IRS990/TotalAssetsGrp/EOYAmt0885434
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01022310
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0122253
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0184448
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0626643
IRS990/TotalFunctionalExpensesGrp/TotalAmt0933344
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019965
IRS990/TotalLiabilitiesEOYAmt015561
IRS990/TotalLiabilitiesGrp/BOYAmt019965
IRS990/TotalLiabilitiesGrp/EOYAmt015561
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0815632
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0869873
IRS990/TotalOtherCompensationAmt022942
IRS990/TotalProgramServiceExpensesAmt0626643
IRS990/TotalReportableCompFromOrgAmt0410363
IRS990/TotalRevenueGrp/ExclusionAmt0-36090
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01365
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0987585
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0835597
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0885434
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0891
IRS990/TravelGrp/ManagementAndGeneralAmt04477
IRS990/TravelGrp/ProgramServicesAmt026397
IRS990/TravelGrp/TotalAmt031765
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0750300
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0864873
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0718 7th St NW No 2nd Fl
IRS990/USAddress/CityNm0Washington
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020001
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.coincenter.org
IRS990/WhistleblowerPolicyInd01

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