Texas Blockchain Council
- Assets
- $306.9k
- Revenue
- $859.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Richardson, TX
- Founding
- Data as of
- 12/2021
- EIN
- 85-1019061
Organization Overview
Texas Blockchain Council is located in Richardson, TX. As of 12/2021, Texas Blockchain Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Blockchain Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TEXAS BLOCKCHAIN COUNCIL IS A NONPROFIT INDUSTRY ASSOCIATION MADE UP OF COMPANIES AND INDIVIDUALS THAT WORK IN A VARIETY OF INDUSTRIES THAT ARE CONNECTED TO BITCOIN, CRYPTO AND BLOCKCHAIN TECHNOLOGY. WE ARE WORKING TOGETHER TO MAKE THE STATE OF TEXAS THE JURISDICTION OF CHOICE FOR BLOCKCHAIN INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY GROUP WHICH CONSISTS OF PRIVATE CITIZENS AND BUSINESSES DEDICATED TO INVESTIGATING THE BENEFITS OF BLOCKCHAIN TECHNOLOGY FOR TEXAS THIS GROUP ASSISTED IN PASSING H.B 1576 AND H.B. 4474 IN 2021
EDUCATIONAL AND NETWORKING CONFERENCES TO PROMOTE THE BLOCK CHAIN TECHNOLOGY AND CONNECT TOP BUSINESS LEADERS FOR FUTURE VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Bratcher President | OfficerTrustee | 40 | $153,335 |
Sanjay Kalluvilayil Vice President | Officer | 2 | $0 |
Whitney Gibbs Director | Trustee | 2 | $0 |
Trent Stout Director | Trustee | 2 | $0 |
Nathan Nichols Chairman Of The Board | Trustee | 2 | $0 |
Christopher Calicott Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $859,418 |
| 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 | $859,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $153,335 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,695 |
| Fees for services: Management | $15,188 |
| Fees for services: Legal | $18,860 |
| Fees for services: Accounting | $1,834 |
| Fees for services: Lobbying | $47,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78,969 |
| Office expenses | $14,773 |
| Information technology | $11,172 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $166,327 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,273 |
| Insurance | $778 |
| All other expenses | $0 |
| Total functional expenses | $555,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,050 |
| Total assets | $306,860 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $306,860 |
| Total liabilities and net assets/fund balances | $306,860 |
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