Blockchain Charity Foundation Usa
- Assets
- $18.9m
- Revenue
- $21.2m
- Investments
- $13.4m
- Employees
- 1
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 83-4414507
Organization Overview
Blockchain Charity Foundation Usa is located in Washington, DC. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blockchain Charity Foundation USA 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 12/2022, Blockchain Charity Foundation USA generated $21.2m in total revenue. All expenses for the organization totaled $12.6m during the year ending 12/2022. While expenses have increased by 184.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Blockchain Charity Foundation USA has awarded 19 individual grants totaling $5,481,662. 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
TRANSPARENCY AND ACCOUNTABILITY IN CHARITABLE GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITY FIRST - UKRAINE EMERGENCY RELIEF FUND: TO HELP PROVIDE EMERGENCY RELIEF TO REFUGEES AND CHILDREN TO SUPPORT LOGISTICS ON THE GROUND SUCH AS FOOD, FUEL AND SUPPLIES FOR REFUGEES IN COUNTRIES BORDERING WITH UKRAINE AND MORE.
FIGHT HUNGER WORLDWIDE, RESTORING AUSTRALIA'S HABITAT, COVID-19 RELIEF, FIGHT HUNGER WORLDWIDE, PROTECT OUR PLANET, SUPPORT WOMAN EDUCATION.
WEB3 EDUCATION: BINANCE BELIEVES THE FUTURE OF CRYPTO SHOULD BE BUILT BY ALL, NOT THE FEW. WE WANT TECHNOLOGY TO WORK FOR PEOPLE, SO IN ORDER TO DO THAT IT NEEDS REPRESENTATION FROM ALL PEOPLE. IT IS IMPORTANT TO US THAT QUALITY BLOCKCHAIN EDUCATION, INNOVATION, AND RESEARCH OPPORTUNITIES ARE WITHIN EVERYONE'S REACH.
RIPPLE FOR FINANCIAL INCLUSION: BINANCE CHARITY TEAM UP WITH CARE AND UC BERKELEY TO DRIVE FORWARD FINANCIAL INCLUSION EFFORS . WE KNOW CONNECTIVITY, EDUCATION AND ACCESS TO CRYPTO INFRASTRUCTURE IS STILL A BARRIER FOR MANY PEOPLE WHO COULD BENEFIT GREATLY FROM THE ADOPTION OF CRYPTOCURRENCY. WORKING WITH CARE, WE'RE SUPPORTING POVERTY STRICKEN COMMUNITIES SUCH AS VILLAGE SAVINGS AND LOAN ASSOCIATIONS (VSLAS) IN KENYA, WHO FACE EVEN MORE ADVERSITY AS A RESULT OF COVID-19. THROUGH THESE SAVINGS GROUPS, WE'RE EMPOWERING VULNERABLE PEOPLE TO GROW OPPORTUNITIES BY OPENING CRYPTOCURRENCY WALLETS TO ESTABLISHED VSLAS AND OFFERING AN INJECTION OF CRYPTO VOUCHERS TO INVEST IN GROWING THEIR ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Hai President | OfficerTrustee | 10 | $0 |
Taylor Smith Benyahia - On 822 Secretary | OfficerTrustee | 40 | $0 |
Elizabeth Li - On 822 Treasurer | OfficerTrustee | 40 | $75,900 |
Gin Chao - Off 0822 Treasurer | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,221,715 |
| Noncash contributions included in lines 1a–1f | $21,021,715 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,221,715 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,212,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,900,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,445,210 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,900 |
| Compensation of current officers, directors, key employees. | $37,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $151,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,352 |
| Advertising and promotion | $2,316 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,597 |
| Total functional expenses | $12,613,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,539,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,395,790 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,935,495 |
| Accounts payable and accrued expenses | $43,872 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $230,945 |
| Total liabilities | $274,817 |
| Net assets without donor restrictions | $18,660,678 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $18,935,495 |
Grants Awarded
Over the last fiscal year, Blockchain Charity Foundation Usa has awarded $2,900,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED NATIONS HIGH COMMISSIONER FOR REFUGEES PURPOSE: TO PROVIDE HUMANITARIAN ASSISTANCE IN UKRAINE AND NEIGHBORING COUNTRIES TO PROTECT AND ASSIST PEOPLE FORCED TO FLEE. | $2,500,000 |
MERCY CORPS PURPOSE: INVEST IN 5 INCLUSIVE FINTECH STARTUPS UNDER MERCY CORPS VENTURES' EXISTING FINX INITIATIVE, | $400,000 |