Crypto Council For Innovation Inc
- Assets
- $14.2m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 86-1976152
Organization Overview
Crypto Council For Innovation Inc is located in Washington, DC. As of 12/2022, Crypto Council For Innovation Inc employed 9 individuals. Crypto Council For Innovation Inc 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PREMIER GLOBAL ALLIANCE ADVANCING CRYPTO INNOVATION. WE BELIEVE IN LEADING WITH A GLOBAL WORLDVIEW; ADVOCATING FOR INCLUSIVE REGULATION; DEVELOPING ACTIONABLE AND EVIDENCE-BASED INSIGHTS; WORKING IN TRUSTED PARTNERSHIP WITH GOVERNMENT & BUSINESS STAKEHOLDERS; AND UNLOCKING THE PROMISE OF WEB3.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE THE GENERAL PUBLIC, POLICYMAKERS, AND REGULATORS OF THE BENEFITS OF CRYPTO/WEB3 BY PROVIDING EDUCATIONAL MATERIALS ABOUT CRYPTO/WEB3'S POTENTIAL TO CREATE POSITIVE CHANGE AND CLARIFY MISCONCEPTIONS ABOUT CRYPTO/WEB3.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Jessop Director | Trustee | 1 | $0 |
Sigal Mandelker Secretary | OfficerTrustee | 1 | $0 |
Amanda Anderson Treasurer | OfficerTrustee | 1 | $0 |
Justin Slaughter Director | OfficerTrustee | 1 | $0 |
Fred Ehrsam Board Chair | Trustee | 1 | $0 |
Michele Korver Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Targeted Victory Llc Consulting | 12/30/22 | $674,150 |
Heidrick & Struggles Consulting | 12/30/22 | $318,014 |
Christoff & Co Llc Consulting | 12/30/22 | $237,915 |
Wilmerhale Legal | 12/30/22 | $265,077 |
Covington & Burling Llp Legal | 12/30/22 | $231,721 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,413,342 |
| 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 | $11,413,342 |
| 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 | $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 | $11,413,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $1,352,961 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,499,936 |
| Pension plan accruals and contributions | $4,400 |
| Other employee benefits | $524 |
| Payroll taxes | $107,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $522,567 |
| Fees for services: Accounting | $48,070 |
| Fees for services: Lobbying | $450,096 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,105,697 |
| Advertising and promotion | $4,700 |
| Office expenses | $232,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,937 |
| Travel | $311,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $103,041 |
| All other expenses | $6,732 |
| Total functional expenses | $7,276,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,129,695 |
| 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 | $53,796 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,183,491 |
| Accounts payable and accrued expenses | $223,080 |
| Grants payable | $0 |
| Deferred revenue | $4,602,233 |
| 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 | $4,825,313 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $9,358,178 |
| 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 | $14,183,491 |