Civic Intelligence

Brink Technology Inc.

990 • Fiscal year 2023 • EIN 85-2919136

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

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

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

25th percentile

0.05x

Higher debt load relative to revenue than 25% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$100,008

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

98th percentile

202%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

692%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$8,108,056

Up $5,420,611 (+202%) from 2022

Net Assets

Up

$7,783,928

Up $5,116,393 (+192%) from 2022

Liabilities

Up

$324,128

Up $304,218 (+1528%) from 2022

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin96th percentile

Revenue

Up

$6,715,850

Up $5,867,775 (+692%) from 2022

Expenses

Down

$1,500,247

Down $241,349 (-14%) from 2022

Net Income

Up

$5,215,603

Up $6,109,124 (+684%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2023

Assets$8,108,056
Liabilities$324,128
Net Assets$7,783,928
Open 2023 Filing

Operations Trend

Revenue Growth99th 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

2023

Revenue$6,715,850
Expenses$1,500,247
Net Income$5,215,603
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$6,794,072
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
Pledges and Grants Receivable$144,008$4,300,520▲ $4,156,512
Savings and Temporary Cash Investments$388,216$2,984,642▲ $2,596,426
Investments Other Securities$207,407$370,533▲ $163,126
Cash and Non-Interest-Bearing Accounts$1,937,531$330,069▼ $1,607,462
Prepaid Expenses and Deferred Charges$4,495$99,446▲ $94,951
Total Assets$2,687,445$8,108,056▲ $5,420,611
Other Assets Total$5,788$22,846▲ $17,058
Liabilities
Accounts Payable and Accrued Expenses$19,910$324,128▲ $304,218
Total Liabilities$19,910$324,128▲ $304,218
Net Assets / Fund Balance
Net Assets With Donor Restrictions$529,182$4,284,540▲ $3,755,358
Net Assets Without Donor Restrictions$2,138,353$3,499,388▲ $1,361,035
Total Net Assets Fund Balance$2,667,535$7,783,928▲ $5,116,393
Total Liabilities and Net Assets / Fund Balance$2,687,445$8,108,056▲ $5,420,611
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SchmidtDirector, PresidentFT$100,008$100,008

Board Members and Trustees

NameTitle
Christian DeckerDirector
Gerald BritoDirector
Jonathan BierDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Mike SchmidtExecutive Director of Brink1300 McGowen St Suite 270, Houston, TX 77004$100,008
Revenue and Support

Revenue Composition

Contributions and Grants
$6,560,229
Program Service Revenue
$0
Investment Income
$155,621
Other Revenue
$0
All Other Contributions
$6,560,229
Change in Net Assets
$5,215,603

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table201$40,558
Total Noncash Contributions201$40,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$754,980
Other Expenses$405,609
Grants and Similar Amounts Paid$339,658
Total Fundraising Expense$47,134
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$494,770$58,400-$553,170
Foreign Grants$308,199--$308,199
Current Officers, Directors, Trustees, and Key Employees$33,447$46,528$20,033$100,008
Office Expenses$86,592$4,992-$91,584
Other Employee Benefits$48,876$5,770-$54,646
Fees for Services Accounting-$52,522-$52,522
Fees for Services Other$16,642$23,151$9,969$49,762
Pension Plan Contributions$42,178$4,978-$47,156
Travel$33,270$432$7,999$41,701
Grants to Domestic Individuals$31,459--$31,459
Information Technology$29,023--$29,023
Conferences and Meetings$2,233-$8,557$10,790
Insurance$516$7,790-$8,306
Other Expenses$3,731$1,968$576$6,275
Fees for Services Legal-$846-$846
Total Functional Expenses$1,230,936$222,177$47,134$1,500,247
International Activity

International Summary

Offices
1
Employees
5
Spending
$1,193,356

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
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumFellowships and grants-15$1,193,356
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
Yes
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
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Schmidt
Formed
2020
Legal Domicile
De
Voting Board Members
3
Independent Board Members
2
Employees
5
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 V, Line 2A

“Line 2a includes 5 employees in the United Kingdom.”

Form 990, Part XI, line 9:

“Contribution refund -300,000.”

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.”

Raw XML AppendixShowing 400 of 468 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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013432701
IRS990ScheduleA/TotalSupportAmt013534105
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/FootnoteTextInd0X
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/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt05
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01193356
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Fellowships and grants
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd01
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt0248198
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0Cash
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt03
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgiu
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0Grant to work as an engineer on bitcoin core
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt060000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Cash
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Engineer to work on bitcoin core
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt05
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt01193356
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Follow up with the Executive Director.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleF/Total501c3OrgCnt00
IRS990ScheduleF/TotalEmployeeCnt05
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt01193356
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt031459
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Grant
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Follow up with Executive Director
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0201
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Digital assets
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt040558
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 2a includes 5 employees in the United Kingdom.
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/ExplanationTxt6Contribution refund -300,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 2a
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:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Brink Technology Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0205 Lavender Hill
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0London
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0UK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0UK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Software development
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Brink Technology Ltd
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt091453
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0770970
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01155129
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Brink Technology LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/StatesWhereCopyOfReturnIsFldCd1TX
IRS990/StatesWhereCopyOfReturnIsFldCd2VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02687445
IRS990/TotalAssetsEOYAmt08108056
IRS990/TotalAssetsGrp/BOYAmt02687445
IRS990/TotalAssetsGrp/EOYAmt08108056
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06560229

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,108,056
Liabilities
$324,128
Net assets
$7,783,928
Revenue
$6,715,850
Expenses
$1,500,247
Net income
$5,215,603
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