Civic Intelligence

Virtual Commodity Association

EIN 84-2073865 • 501(c)6 • New York, NY

Revoked

Profile

Our mission as a non-profit organization of crytocurrency exchanges and custodians is to establish an industry-sponsored, self-regulatory organization (SRO) designation for U.S. crytocurrency marketplaces to oversee virtual commodity marketplaces.

Revocation date: May 15, 2025

315 Park Avenue South 18 FLNew York, NY 10010

virtualcommodities.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

39th percentile

0.0%

Faster asset growth than 39% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets25th percentile

Assets

Flat

$509,759

Flat from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Flat

$509,759

Flat from 2020

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $225,000 (-100%) from 2020

Expenses

Down

$0

Down $61,221 (-100%) from 2020

Net Income

Down

$0

Down $163,779 (-100%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2020: $509,759Liabilities 2020: $0Net Assets 2020: $509,7592020Assets 2021: $509,759Liabilities 2021: $0Net Assets 2021: $509,7592021

Highlighted filing

2021

Assets$509,759
Liabilities$0
Net Assets$509,759
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2020: $225,000Expenses 2020: $61,221Net Income 2020: $163,7792020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021

Highlighted filing

2021

Revenue$0
Expenses$0
Net Income$0
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$509,759
Liabilities
$0
Net assets
$509,759
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$5.10$0.00$5.10$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$5.10$0.00$5.10$2.25$0.61$1.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

Our mission as a non-profit organization of crytocurrency exchanges and custodians is to establish an industry-sponsored, self-regulatory organization (SRO) designation for U.S. crytocurrency marketplaces to oversee virtual commodity marketplaces.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$509,759$509,759→ $0
Cap Stk Tr Prin Current Funds$509,759$509,759→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$509,759$509,759→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$509,759$509,759→ $0
Total Liabilities and Net Assets / Fund Balance$509,759$509,759→ $0
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Yusuf HussainPresident
Zachary FigueroaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Business relationship with 35% controlled entity
No
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
No
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 6

“Members work with the organization and its six committees to adopt and follow sound practices”

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

“The organization provides contemporaneous copies of all tax filings to the governing body to be reviewed before filing”

Form 990, Part VI, Section C, line 19

“Upon written request to the organization these documents are available for review at the organization's offices”

Filing and Contact Details

Filer

Filer Name
Virtual Commodity Association
EIN
84-2073865
Phone
9177698347
Address
315 PARK AVENUE SOUTH 18 FL, NEW YORK, NY 10010

Signing Officer

Name
Yusuf Hussain
Title
President
Phone
9177698347
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yusuf Hussain
Formed
2019
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Joseph A Brintle
Address
1446 Utopia Parkway, Whitestone, NY 11357
Preparer
Joseph A Brintle
Phone
7187462235
Raw XML Appendix237 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.

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IRS990/MembersOrStockholdersInd01
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IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
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ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.