Blockchain Institute
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-4193542
Organization Overview
Blockchain Institute is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Blockchain Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blockchain Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Blockchain Institute generated $71.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.0%) each year. All expenses for the organization totaled $182.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (30.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE IS AN ILLINOIS NOT FOR PROFIT CORPORATION. THE INSTITUTE IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE. SPECIFICALLY, THE MISSION OF THE INSTITUTE IS TO CREATE EDUCATIONAL MATERIALS AND COURSES AS WELL AS HOST AND SPONSOR PUBLIC EVENTS TO EDUCATE THE PUBLIC ON THE USE, DEVELOPMENT AND ADOPTION OF BLOCKCHAIN TECHNOLOGY. BLOCKCHAIN IS A SERIES OF RECORDS, EACH CONTAINING INFORMATION, THAT ARE LINKED SECURELY USING CRYPTOGRAPHY. IT HAS BEEN DESCRIBED AS AN OPEN, DISTRIBUTED LEDGER THAT CAN RECORD TRANSACTIONS BETWEEN TWO PARTIES EFFICIENTLY AND IN A VERIFIABLE AND PERMANENT WAY. A BLOCKCHAIN MAY BE AVAILABLE TO THE PUBLIC OR IT MAY BE AVAILABLE TO A SPECIFIED SET OF USERS.
Describe the Organization's Program Activity:
Part 3
BLOCKCHAIN OUTREACH AND EDUCATION PROGRAMS, INCLUDING CREATING AND LAUNCHING SEVERAL DOWNLOADABLE INFORMATIONAL PAMPHLETS AND INFOGRAPHICS. ATTEND AND SPONSOR CONFERENCES AND UNIVERSITY EVENTS RELATED TO BLOCKCHAIN GROWTH AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Rosenberg Director | Trustee | 0.38 | $3,250 |
Taylor Gerring Director | Trustee | 30 | $0 |
Andrew Gordon Director | Trustee | 0.38 | $0 |
Jason Kin Hoi Fang Director | Trustee | 0.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,789 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,789 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $150,989 |
| Professional fees and other payments to independent contractors | $3,880 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,496 |
| Total expenses | $182,365 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $81,069 |
| Net assets or fund balances | -$81,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Advancement Program Of Central Indiana Inc Indianapolis, IN | $2,964,381 | $938,450 |
Institute For Responsible Technology Fairfield, IA | $341,367 | $0 |
Northern Illinois Bldg Contractors Construction Ind Advancement Fund Rockford, IL | $1,382,912 | $545,546 |
Chicago Council On Science Andtechnology Chicago, IL | $69,364 | $372,631 |
Will Grundy Construction Industry Advancement Trust Joliet, IL | $904,158 | $578,578 |
Quad-City Construction Industry Advancement Trust Rock Island, IL | $779,734 | $335,327 |
Blockchain Institute Chicago, IL | $0 | $0 |
North American Plant Phenotyping Network Saint Louis, MO | $223,340 | $173,038 |
Missouri Construction Industry Advancement Fund Jefferson City, MO | $0 | $0 |
Inspire Foundation Bolingbrook, IL | $0 | $0 |