Civic Intelligence

Virtual Commodity Association

990 • Fiscal year 2020 • EIN 84-2073865

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

Organization Profilevirtualcommodities.org
315 PARK AVENUE SOUTH No 18 FLNew York, NY 10010

(917) 769-8347

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.00x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

99th percentile

73%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets21st percentile

Assets

$509,759

No earlier filing loaded for comparison.

Net Assets

$509,759

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin99th percentile

Revenue

$225,000

No earlier filing loaded for comparison.

Expenses

$61,221

No earlier filing loaded for comparison.

Net Income

$163,779

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

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

Highlighted filing

2020

Assets$509,759
Liabilities$0
Net Assets$509,759
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$225,000
Expenses$61,221
Net Income$163,779
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.1
Gross Receipts
$225,000
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$345,980$509,759▲ $163,779
Cap Stk Tr Prin Current Funds$345,980$509,759▲ $163,779
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$345,980$509,759▲ $163,779
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$345,980$509,759▲ $163,779
Total Liabilities and Net Assets / Fund Balance$345,980$509,759▲ $163,779
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Yusuf HussainPresident
Zachary FigueroaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$225,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$163,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$30,000-$30,000
Insurance-$19,716-$19,716
Fees for Services Other-$8,000-$8,000
Fees for Services Accounting-$3,505-$3,505
Total Functional Expenses$0$61,221$0$61,221
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 No 18 FL, NEW YORK, NY 10010

Signing Officer

Name
Yusuf Hussain
Title
President
Phone
9177698347
Signed
2021-11-14
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
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“COMPLIANCE ADVISORS: Program service expenses 0. Management and general expenses 8000. Fundraising expenses 0. Total expenses 8000.”

Raw XML Appendix238 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/GrossReceiptsAmt0225000
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IRS990/IndependentVotingMemberCnt03
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPLIANCE ADVISORS: Program service expenses 0. Management and general expenses 8000. Fundraising expenses 0. Total expenses 8000.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$509,759
Liabilities
$0
Net assets
$509,759
Revenue
$225,000
Expenses
$61,221
Net income
$163,779
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