Blockchain Association
- Assets
- $3.0m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 83-1360900
Organization Overview
Blockchain Association is located in Washington, DC. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Blockchain Association employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blockchain Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Blockchain Association generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.3% each year . All expenses for the organization totaled $9.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Blockchain Association has awarded 20 individual grants totaling $662,108. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH FEDERAL USREGULATORS TO IMPROVE THE PUBLIC POLICY ENVIRONMENT THAT IS NEEDED IN ORDER FOR THE BLOCKCHAIN TECHNOLOGY ECO
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLOCKCHAIN ASSOCIATION WORKS TO IMPROVE THE PUBLIC POLICY ENVRIONMENT NEEDED FOR THE BLOCKCHAIN AND CRYPTOCURRENCY TECHNOLOGY ECOSYSTEM TO THRIVE. IN 2022 THEY ESTABLISHED POLICY POSITIONS, WORKED TO EDUCATE POLICYMAKERS, AND INTRODUCED LEGISLATION, AS WELL AS EXPANDING THEIR ADVOCACY WORK TO TAKE ON ADDITIONAL POLICY ISSUES THAT ARE RELATIVE TO THE INDUSTRY.
THE BLOCKCHAIN ASSOCIATION WORKS TO IMPROVE THE PUBLIC POLICY ENVRIONMENT NEEDED FOR THE BLOCKCHAIN AND CRYPTOCURRENCY TECHNOLOGY ECOSYSTEM TO THRIVE. IN 2022 THEY ESTABLISHED POLICY POSITIONS, WORKED TO EDUCATE POLICYMAKERS, AND INTRODUCED LEGISLATION, AS WELL AS EXPANDING THEIR ADVOCACY WORK TO TAKE ON ADDITIONAL POLICY ISSUES THAT ARE RELATIVE TO THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Smith CEO | Officer | 40 | $600,000 |
David Grimaldi Evp Govt Relations | Officer | 40 | $600,000 |
Dan Spuller Dir Ind Affairs | Officer | 40 | $246,077 |
Curtis Kincaid Evp Marketingcomm | Officer | 40 | $250,308 |
Jacob Chervinsky Chief Policy Officer | Officer | 40 | $600,769 |
Marvin Santori Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Firehouse Strategies Llc Public Relations Consult | 12/30/22 | $300,904 |
Sullivan Cromwell Llp Legal | 12/30/22 | $259,050 |
Standard Practice Llc Government Affairs Consult | 12/30/22 | $300,000 |
Goldstein Policy Solutions Strategy Consulting | 12/30/22 | $227,500 |
Adepta Group Llc Strategy Consulting | 12/30/22 | $200,198 |
Firehouse Strategies Llc Public Relations Consult | 12/30/22 | $300,904 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,780,207 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,002,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,782,621 |
| Total Program Service Revenue | $217,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,999,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,031 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,151,419 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $769,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $331,010 |
| Payroll taxes | $216,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $708,551 |
| Fees for services: Accounting | $131,285 |
| Fees for services: Lobbying | $841,767 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $292,631 |
| Advertising and promotion | $650,821 |
| Office expenses | $103,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $362,506 |
| Travel | $283,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $635,095 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,823 |
| All other expenses | $0 |
| Total functional expenses | $9,246,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $383,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $103,319 |
| Net Land, buildings, and equipment | $57,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,708,981 |
| Other assets | $56,060 |
| Total assets | $2,981,587 |
| Accounts payable and accrued expenses | $335,908 |
| Grants payable | $0 |
| Deferred revenue | $773,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,109,408 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,872,179 |
| Total liabilities and net assets/fund balances | $2,981,587 |
Grants Awarded
Over the last fiscal year, Blockchain Association has awarded $611,812 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CONGRESSIONAL BLACK CAUCUS PURPOSE: General support | $75,000 |
MORGAN STATE UNIVERSITY FD PURPOSE: General support | $15,000 |
GLOBAL DOWN SYNDROME FOUND PURPOSE: General support | $10,610 |
APAICS PURPOSE: General support | $25,000 |
THE GLOBAL WOMEN'S INNOVAT PURPOSE: General support | $50,000 |
BLOCKCHAIN FOUNDATION PURPOSE: General support | $100,000 |