Civic Intelligence

Virtual Commodity Association

990 • Fiscal year 2021 • EIN 84-2073865

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization Profilevirtualcommodities.org
315 Park Avenue South 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.

2021 filings • 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 this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

Asset Growth

23rd percentile

0.0%

Faster asset growth than 23% of similar nonprofits.

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

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets21st percentile

Assets

Flat

$509,759

Flat from 2020

Net Assets

Flat

$509,759

Flat from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
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

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

2021

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

Operations Trend

Revenue Growth1st percentile

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

2021

Revenue$0
Expenses$0
Net Income$0
Open 2021 Filing
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 Pay46th 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/FormerOfcrEmployeesListedInd00
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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
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IRS990/GrossReceiptsAmt00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0Our 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0509759
IRS990/NetAssetsOrFundBalancesEOYAmt0509759
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/PYContributionsGrantsAmt0225000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt061221
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0163779
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt061221
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0225000
IRS990/ReconcilationRevenueExpnssAmt00
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IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd00
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members work with the organization and its six committees to adopt and follow sound practices
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization provides contemporaneous copies of all tax filings to the governing body to be reviewed before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon written request to the organization these documents are available for review at the organization's offices
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0YUSUF HUSSAIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09177698347
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRTUAL COMMODITY ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0VIRT
ReturnHeader/Filer/EIN0842073865
ReturnHeader/Filer/PhoneNum09177698347
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01446 Utopia Parkway
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-15T21:04:46-06:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUSSAIN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed 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