Coin Center Inc
Nonprofit profile at a glance
- EIN
- 471315917
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2028046013
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $4,869,974
- Expenses
- $3,596,499
- Assets
- $15,474,475
- Liabilities
- $160,822
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Gerald Brito (Executive Director)
Highest reported compensation
- Peter Van Valkenburgh (Director of Research): $654,456 total reported compensation
- Gerald Brito (Executive Director): $564,742 total reported compensation
- Neeraj Agrawal (Director of Communication): $272,308 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies such as Bitcoin. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using block chain technologies. We do this by producing and publishing policy research from respected academics and experts, educating policymakers and the media about block chain technology, and by engaging in advocacy for sound public policy.
What it reported doing in 2024
Education - Through our engagement with policymakers at all levels of government, we have found that the top issues facing cryptocurrencies are questions about consumer protection, securities and commodities regulation, financial surveillance, and privacy.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 71
- Accountability: 84
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.5%; rating input score 68
- Program expense ratio: 77.7%; rating input score 78
- Fundraising efficiency: $13.25 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26.1%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 4.3; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 54.4%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 21.2% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 11.9% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 26.5% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 68.5% of revenue deployed · 77.7% of spending went to programs
- Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $2.8M in reported program spending
- Leadership: top reported pay $654K · 9 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $708K reported
- Consistency: 33 of 33 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.