IRS 990 forms
Most business and individual membership dues are received in bitcoin and the majority of foundation assets are held in bitcoin. Employee compensation is established and reported in USD, but disbursed in bitcoin to the employee’s selected bitcoin address. For most of 2013, employee salaries were pegged to a two-month trailing average exchange rate for purposes of converting from USD to BTC, resulting in a higher reportable USD wage. In September 2013, we changed our methodology to avoid future variations. Below are the IRS Form 990 (U.S. Internal Revenue Service – Return of Organization Exempt From Income Tax) for fiscal years 2013 and 2012.
Not a member yet?
Be part of the change to bring financial freedom to everyone.