NonprofitsBrink Technology Inc

Science & Technology

Brink Technology Inc

AUSTIN, TX

Total revenue

$6.7M

Total expenses

$1.8M

Net assets

$13.6M

Grants received

$4.7M

16 grants

EIN

852919136

Tax year

2024

Mission

Brink exists to strengthen the Bitcoin protocol and network through fundamental research and development, and to support the Bitcoin developer community through funding, education, and mentoring.

Programs

2 programs

Optech - Optech works to bring the best open source technologies and techniques to Bitcoin-using businesses in order to lower costs and improve customer experiences.

Expenses: $19K

CoreDev - CoreDev Events are specifically designed for engineers to get together in person to work on Bitcoin Core related projects.

Expenses: $43K

Financials

FY 2024

Revenue

Contributions & grants$6.4M
Program service revenue
Investment income$312K
Other revenue
Total revenue$6.7M

Expenses

Grants paid$320K
Salaries & benefits$1.1M
Fundraising$49K
Other expenses$408K
Total expenses$1.8M
Total assets$13.7M
Net assets$13.6M

People

4 listed

NameRoleCompensation

Michael Schmidt

Director, President

Board

$100K

40 hrs/wk

Jonathan Bier

Director

Board

1 hrs/wk

Alexander Leishman

Director

Board

1 hrs/wk

Christian Decker

Director

Board

1 hrs/wk

Independent contractors

Michael Schmidt

Executive Director of Brink

$100K

Grants received

Showing 16 of 16

FromAmountPurposeYear
$95K
BITCOIN DEVELOPMENT FUND
2024
$1.0M
For grant recipient's exempt purposes
2023
$100K
EDUCATION PROGRAM
2023
$100K
EDUCATION PROGRAM
2023
$50K
EDUCATION PROGRAM
2023
$21K
Free and Open Source Software Development
2023
$6K
PUBLIC, SOCIETAL BENEFIT
2023
$1K
Support and strengthen open source protocols and networks through fundamental research and development. Additionally to support the developer community through funding education and mentoring. Brink Technology Inc is a 501c3 non profit organization.
2023
$2.0M
For grant recipient's exempt purposes
2022
$150K
CHARITABLE DONATION
2022
$126K
General Operating Support
2022
$350K
For grant recipient's exempt purposes
2021
$350K
For grant recipient's exempt purposes
2021
$148K
CHARITABLE DONATION
2021
$170K
For grant recipient's exempt purposes
2020
$5K
PUBLIC, SOCIETAL BENEFIT
2020

Funded by

$4.7M from 8 funders · 16 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$3.9M · 5 grants · 2020–2023

Charities Aid Foundation America

$298K · 2 grants · 2021–2022

The Draper Foundation

$250K · 3 grants · 2023

The Chicago Community Trust

$126K · 1 grant · 2022

Human Rights Foundation Inc

$95K · 1 grant · 2024

Open Sats Initiative Inc

$21K · 1 grant · 2023

Donor Advised Charitable Giving Inc

$11K · 2 grants · 2020–2023

Empower Foundation

$1K · 1 grant · 2023

Details

EIN852919136
NTEE codeU40
Subsection03
Ruling date2021-01
Formed2020
Employees7
Volunteers0
BRINK TECHNOLOGY INC — Mission, Financials & Grants Received | Grantivo