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Blockchain Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824193542 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Blockchain Institute?

Blockchain Institute is a nonprofit organization situated in Chicago, Illinois, with a focus on blockchain education and outreach. They create and distribute informative pamphlets and infographics, participate in conferences, and sponsor university events to promote blockchain growth and education. As a 501(c)(3) organization, their mission is to educate the public on the use, development, and adoption of blockchain technology. Utilizing cryptography, blockchain is a secure, open, distributed ledger that permits efficient and permanent recording of transactions between two parties. The Institute's activities aim to make this technology accessible to a broader audience, either publicly or privately. With a dedicated team of six employees, Blockchain Institute is actively working towards promoting blockchain awareness and adoption.


Official website here: www.theblockchaininstitute.org/team/

Is Blockchain Institute legitimate?

Blockchain Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blockchain Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,368

For more financial information, click here


Official website here: www.theblockchaininstitute.org/team/

What is the mission statement of Blockchain Institute?

The Blockchain Institute, functioning under the umbrella of a 501(c)(3) organization, is committed to educational and charitable purposes. Its primary mission is to develop and disseminate educational materials and conduct public events, aiming to enlighten the public on the use, development, and adoption of blockchain technology. Blockchain, described as a secure, cryptographically linked series of records, can record transactions between parties efficiently and in a verifiable and permanent manner. The Institute may make this technology accessible to a wide audience or a specified set of users.


Official website here: www.theblockchaininstitute.org/team/

Who is the CEO of Blockchain Institute?

Unavailable


Official website here: www.theblockchaininstitute.org/team/

What is the revenue of Blockchain Institute?

Blockchain Institute's revenue in 2020 was $249,973.


Official website here: www.theblockchaininstitute.org/team/

Who are the executives of Blockchain Institute and what are their salaries?

The average compensation at Blockchain Institute during 2020 was $43,603. There are 6 employees at Blockchain Institute.


Here are 4 key members and their salaries:


Hannah Rosenberg (Director)
  • Compensation: $3,250
  • Related: $0
  • Other: $0
Taylor Gerring (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Gordon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Kin Hoi Fang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.theblockchaininstitute.org/team/

Where can I find the form 990 for Blockchain Institute?

Blockchain Institute's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.theblockchaininstitute.org/team/

Learn more at the official website: www.theblockchaininstitute.org/team/

Mission Statement of Blockchain Institute

The Blockchain Institute, a not-for-profit organization, is committed to serving educational and charitable purposes. It operates under the guidelines of section 501(c)(3) of the Code. The Institute's primary mission is to foster understanding and adoption of blockchain technology. It achieves this by developing and distributing educational materials and courses, and by organizing and sponsoring public events. Blockchain technology is a secure, distributed ledger that records transactions between parties efficiently and permanently. It can be either open to the public or restricted to a selected group of users. The Blockchain Institute plays a significant role in educating the general public about the potential uses and benefits of this innovative technology.

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Impact




October, 2024

Blockchain Institute plays a significant role in advancing the understanding and adoption of blockchain technology through targeted educational initiatives. By creating informative materials and courses, the Institute provides crucial resources for individuals and organizations looking to grasp the complexities and potential applications of blockchain.

The Institute also organizes and sponsors public events, fostering community engagement and dialogue around blockchain developments. Participation in conferences and academic events demonstrates its commitment to collaboration and knowledge sharing, making blockchain concepts more accessible to a broader audience.

Through downloadable pamphlets and infographics, Blockchain Institute simplifies often complex information, which aids in demystifying blockchain technology. The outreach programs effectively educate people about the secure, distributed ledger system, facilitating a better understanding of its impact on various sectors and industries. Overall, the Blockchain Institute's impact lies in its commitment to education, community engagement, and the promotion of blockchain's transformative potential.




This information is meant to be a general summary of Blockchain Institute. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$249,973 (2020)
Expenses
$371,173 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: -$81
  • Gross Receipts: $252,614

Assets and Liabilities:

  • Total Assets: $110,343
  • Total Liabilities: $81,069
  • Net Assets: $29,274

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Organization Details

Founding Year

2017

Main Address

4649 N Broadway Ave, Chicago, IL, 60640

NTEE Category

Code: U01 - Science research

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