Civic Intelligence

Brink Technology Inc.

990 • Fiscal year 2021 • EIN 85-2919136

Jan 01, 2021 to Dec 31, 2021 • Filed on Dec 11, 2023

Organization Profilen/a
10900 Research Blvd Ste 160C 2054Austin, TX 78759

(737) 788-7580

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

0.03x

Higher debt load relative to revenue than 33% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

96th percentile

$359,044

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

99th percentile

610%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

691%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$3,996,292

Up $3,433,588 (+610%) from 2020

Net Assets

Up

$3,881,701

Up $3,318,997 (+590%) from 2020

Liabilities

Up

$114,591

Up $114,591 from 2020

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin95th percentile

Revenue

Up

$4,459,224

Up $3,895,189 (+691%) from 2020

Expenses

Up

$1,053,521

Up $1,052,190 (+79053%) from 2020

Net Income

Up

$3,405,703

Up $2,842,999 (+505%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$15M$10M$5.0M$0Assets 2020: $562,704Liabilities 2020: $0Net Assets 2020: $562,7042020Assets 2021: $3,996,292Liabilities 2021: $114,591Net Assets 2021: $3,881,7012021Assets 2022: $2,687,445Liabilities 2022: $19,910Net Assets 2022: $2,667,5352022Assets 2023: $8,108,056Liabilities 2023: $324,128Net Assets 2023: $7,783,9282023Assets 2024: $13,650,606Liabilities 2024: $5,158Net Assets 2024: $13,645,4482024

Highlighted filing

2021

Assets$3,996,292
Liabilities$114,591
Net Assets$3,881,701
Open 2021 Filing

Operations Trend

Revenue Growth98th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $564,035Expenses 2020: $1,331Net Income 2020: $562,7042020Revenue 2021: $4,459,224Expenses 2021: $1,053,521Net Income 2021: $3,405,7032021Revenue 2022: $848,075Expenses 2022: $1,741,596Net Income 2022: -$893,5212022Revenue 2023: $6,715,850Expenses 2023: $1,500,247Net Income 2023: $5,215,6032023Revenue 2024: $6,733,129Expenses 2024: $1,839,113Net Income 2024: $4,894,0162024

Highlighted filing

2021

Revenue$4,459,224
Expenses$1,053,521
Net Income$3,405,703
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Dec 11, 2023
Return Version
2021v4.2
Gross Receipts
$4,459,224
Mission and Program Overview

Mission

Brink exists to strengthen the Bitcoin protocol and network through fundamental research and development, and to support the Bitcoin developer community through funding, education, and mentoring.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$561,204$1,972,259▲ $1,411,055
Investments Other Securities-$1,413,681-
Accounts Receivable$1,500$600,000▲ $598,500
Prepaid Expenses and Deferred Charges-$4,564-
Total Assets$562,704$3,996,292▲ $3,433,588
Other Assets Total$0$5,788▲ $5,788
Liabilities
Accounts Payable and Accrued Expenses-$114,591-
Total Liabilities$0$114,591▲ $114,591
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$562,704$3,881,701▲ $3,318,997
Total Net Assets Fund Balance$562,704$3,881,701▲ $3,318,997
Total Liabilities and Net Assets / Fund Balance$562,704$3,996,292▲ $3,433,588

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,413,681--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John NewberyDirector, PresidentFT$200,000$159,044$359,044

Board Members and Trustees

NameTitle
Carla Kirk-CohenDirector
David HardingDirector
Jerry BritoDirector
Michael SchmidtDirector, Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,456,844
Program Service Revenue
$0
Investment Income
$2,380
Other Revenue
$0
All Other Contributions
$4,456,844
Change in Net Assets
$3,405,703

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,459,224
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-81,706
Total Revenue per Audited Statements
$4,377,518
Total Revenue per Form 990
$4,459,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$442,851
Grants and Similar Amounts Paid$373,372
Other Expenses$237,298
Total Fundraising Expense$123,638
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$177,482$90,781$90,781$359,044
Foreign Grants$243,372--$243,372
Grants to Domestic Individuals$130,000--$130,000
Fees for Services Other$21,856$72,369$10,388$104,613
Other Salaries and Wages$31,724$16,227$16,227$64,178
Travel$25,163$12,353$250$37,766
Office Expenses$28,063$5,720$245$34,028
Fees for Services Accounting-$19,480-$19,480
Fees for Services Legal$735$14,153-$14,888
Other Employee Benefits$6,858$3,550$2,803$13,211
Conferences and Meetings$6,896$1,480$1,233$9,609
Pension Plan Contributions$5,026$696$696$6,418
Other Expenses$2,239$1,637$1,015$4,891
Insurance-$3,792-$3,792
Information Technology-$697-$697
Total Functional Expenses$686,948$242,935$123,638$1,053,521

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,058,521
Expenses per Audited Statements$1,053,521
Total Expenses per Form 990$1,053,521
Expenses Not Reported on Form 990$5,000
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
1
Employees
1
Spending
$243,372

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland & Greenland)Fellowships and grants-11$243,372
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
Lobbying 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 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
Yes
Other officer compensation reviewed
Yes
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

“The Organization did not have committees.”

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

“The Organization hires an independent auditing firm who will do an audit and from the audit prepare the 990. Once prepared the board will review.”

Form 990, Part VI, Section B, line 12C

“The board members sign the conflict of interest and will voluntarily disclose if/when there is a conflict.”

Form 990, Part VI, Section B, line 15

“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 makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Brink Technology Inc
EIN
85-2919136
Phone
7377887580
Address
10900 Research Blvd Ste 160C 2054, Austin, TX 78759

Signing Officer

Name
Michael Schmidt
Title
Chair of Board
Phone
7377887580
Signed
2023-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Schmidt
Formed
2020
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part III, line 2

“The organization combined Fellowship Program and Grants Program into one General Program in 2021. It also started the new program Optech in 2021. Optech works to bring the best open source technologies and techniques to Bitcoin-using businesses in order to lower costs and improve customer experiences.”

Form 990, Part XI, line 9:

“Impairment losses -86,706.”

Form 990, Amended Return

“Form 990 is being amended to allow for filing of Form 5471. The Organization did not realize until recently that it needed to file the form for 2021.”

Financial Statement Notes

Part X, Line 2:

“Management has evaluated Brink's tax positions and concluded that Brink's financial statements do not include any uncertain tax positions.”

Part XI, Line 2D - Other Adjustments:

“Impairment losses -86,706.”

Raw XML AppendixShowing 400 of 450 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0114591
IRS990/AccountsReceivableGrp/BOYAmt01500
IRS990/AccountsReceivableGrp/EOYAmt0600000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Brink exists to strengthen the Bitcoin protocol and network through fundamental research and development, and to support the Bitcoin developer community through funding, education, and mentoring.
IRS990/AllOtherContributionsAmt04456844
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Antonie Hodge
IRS990/BooksInCareOfDetail/PhoneNum07377887580
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010900 Research Blvd Ste 160C 2054
IRS990/BooksInCareOfDetail/USAddress/CityNm0Austin
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd078759
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0561204
IRS990/CashNonInterestBearingGrp/EOYAmt01972259
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt090781
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt090781
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0177482
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0359044
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/FundraisingAmt01233
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01480
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06896
IRS990/ConferencesMeetingsGrp/TotalAmt09609
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04456844
IRS990/CYGrantsAndSimilarPaidAmt0373372
IRS990/CYInvestmentIncomeAmt02380
IRS990/CYOtherExpensesAmt0237298
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt03405703
IRS990/CYSalariesCompEmpBnftPaidAmt0442851
IRS990/CYTotalExpensesAmt01053521
IRS990/CYTotalFundraisingExpenseAmt0123638
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04459224
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0General programs - We support and mentor new contributors to open source Bitcoin development through our fellowship and support the work of established Bitcoin protocol engineers through grants.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0676667
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt019480
IRS990/FeesForServicesAccountingGrp/TotalAmt019480
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt014153
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0735
IRS990/FeesForServicesLegalGrp/TotalAmt014888
IRS990/FeesForServicesOtherGrp/FundraisingAmt010388
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt072369
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt021856
IRS990/FeesForServicesOtherGrp/TotalAmt0104613
IRS990/ForeignActivitiesInd01
IRS990/ForeignCountryCd0UK
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignGrantsGrp/ProgramServicesAmt0243372
IRS990/ForeignGrantsGrp/TotalAmt0243372
IRS990/ForeignOfficeInd01
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt014972
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0John Newbery
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Schmidt
IRS990/Form990PartVIISectionAGrp/PersonNm2David Harding
IRS990/Form990PartVIISectionAGrp/PersonNm3Jerry Brito
IRS990/Form990PartVIISectionAGrp/PersonNm4Carla Kirk-Cohen
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0344072
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director, President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director, Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02380
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0373372
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0130000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0130000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02380
IRS990/GrossReceiptsAmt04459224
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0697
IRS990/InformationTechnologyGrp/TotalAmt0697
IRS990/InsuranceGrp/ManagementAndGeneralAmt03792
IRS990/InsuranceGrp/TotalAmt03792
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01413681
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Brink exists to strengthen the Bitcoin protocol and network through fundamental research and development, and to support the Bitcoin developer community through funding, education, and mentoring.
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0562704
IRS990/NetAssetsOrFundBalancesEOYAmt03881701
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02380
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02380
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0562704
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03881701
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0245
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05720
IRS990/OfficeExpensesGrp/ProgramServicesAmt028063
IRS990/OfficeExpensesGrp/TotalAmt034028
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt05788
IRS990/OtherChangesInNetAssetsAmt0-86706
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02803
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03550
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06858
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013211
IRS990/OtherExpensesGrp/Desc0Relocation expenses
IRS990/OtherExpensesGrp/Desc1Online accounts expense
IRS990/OtherExpensesGrp/FundraisingAmt01015
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01637
IRS990/OtherExpensesGrp/ProgramServicesAmt07534
IRS990/OtherExpensesGrp/ProgramServicesAmt12239
IRS990/OtherExpensesGrp/TotalAmt07534
IRS990/OtherExpensesGrp/TotalAmt14891
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016227
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016227
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt031724
IRS990/OtherSalariesAndWagesGrp/TotalAmt064178
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PensionPlanContributionsGrp/FundraisingAmt0696
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0696
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05026
IRS990/PensionPlanContributionsGrp/TotalAmt06418
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04564
IRS990/PrincipalOfficerNm0Michael Schmidt
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Optech - Optech works to bring the best open source technologies and techniques to Bitcoin-using businesses in order to lower costs and improve customer experiences.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010281
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0564035
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01331
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0562704
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01331
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0564035
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03405703
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04456844
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0564035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05020879
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02987067
IRS990ScheduleA/SubstantialContributorsTotAmt02033812
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04456844
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0564035
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05020879
IRS990ScheduleA/TotalSupportAmt05020879
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/DonatedServicesAndUseFcltsAmt05000
IRS990ScheduleD/DonatedServicesUseFcltsAmt05000
IRS990ScheduleD/ExpensesNotReportedAmt05000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01053521
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherRevenueAmt0-86706
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01413681
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Virtual currency
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt0-81706
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04459224
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has evaluated Brink's tax positions and concluded that Brink's financial statements do not include any uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Impairment losses -86,706.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01413681
IRS990ScheduleD/TotalExpensesPerForm990Amt01053521
IRS990ScheduleD/TotalRevenuePerForm990Amt04459224
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04377518
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01058521
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0243372
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland & Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Fellowships and grants
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd01
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt0234898
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0Cash
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt05
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0Europe (Including Iceland & Greenland)
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0Grant to work as an engineer on bitcoin core
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0243372
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Follow up with the Executive Director.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part III Accounting Method:
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0243372
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0130000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Grant
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Follow up with Executive Director
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0200000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0144072
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt014760
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0212
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Newbery
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Director, President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0359044
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization combined Fellowship Program and Grants Program into one General Program in 2021. It also started the new program Optech in 2021. Optech works to bring the best open source technologies and techniques to Bitcoin-using businesses in order to lower costs and improve customer experiences.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization did not have committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization hires an independent auditing firm who will do an audit and from the audit prepare the 990. Once prepared the board will review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board members sign the conflict of interest and will voluntarily disclose if/when there is a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Director's salary and bonus are discussed and voted on by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Impairment losses -86,706.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Form 990 is being amended to allow for filing of Form 5471. The Organization did not realize until recently that it needed to file the form for 2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Amended Return
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0562704
IRS990/TotalAssetsEOYAmt03996292
IRS990/TotalAssetsGrp/BOYAmt0562704
IRS990/TotalAssetsGrp/EOYAmt03996292
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt04456844
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0123638
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0242935
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0686948
IRS990/TotalFunctionalExpensesGrp/TotalAmt01053521
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0114591
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0114591
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0562704
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03881701
IRS990/TotalOtherCompensationAmt014972
IRS990/TotalProgramServiceExpensesAmt0686948
IRS990/TotalReportableCompFromOrgAmt0344072
IRS990/TotalRevenueGrp/ExclusionAmt02380
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04459224
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0562704

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
$3,996,292
Liabilities
$114,591
Net assets
$3,881,701
Revenue
$4,459,224
Expenses
$1,053,521
Net income
$3,405,703
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$0.01$13.6$6.73$1.84$4.89
2023Detailed filing. Detailed filing data is available for this year.$8.11$0.32$7.78$6.72$1.50$5.22
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.02$2.67$0.85$1.74$0.89
2021Detailed filing. Detailed filing data is available for this year.$4.00$0.11$3.88$4.46$1.05$3.41
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.56$0.00$0.56