TAX RETURN FILING INSTRUCTIONS FORM 990 PUBLIC DISCLOSURE COPY FOR THE YEAR ENDING December 31, 2013 Prepared For: The Bitcoin Foundation, Inc. 700 Thirteenth Street NW No. 600 Washington, DC 20005 Prepared By: MOSS ADAMS LLP 805 SW Broadway #1200 Portland, OR 97205 Amount Due or Refund: Not applicable Make Check Payable To: Not applicable Mail Tax Return and Check (if applicable) To: Return Must be Mailed On or Before: Special Instructions: This copy of the return is provided ONLY for Public Disclosure purposes. Any confidential information regarding large donors has been removed. PUBLIC DISCLOSURE COPY Return of Organization Exempt From Income Tax Form Under section 501(c), 527, or 4947(a)( 1) of the Internal Revenue Code (except private foundations) Do not enter Social Security numbers on this form as it may be made public. OMB No. 1545-0047 Department of the Treasury '"iema' ?Venue SerVice Information about Form 990 and its instructions is at ?may irs oov/foerQO A For the 2013 calendar year, or tax year beginning and ending Check if Name of organization Employer identification number applicable: ?rst? THE BITCO IN FOUNDATION. INC . Ema Doing Business Number and street RD. box if melt is not delivered to street address) Room/suite Telephone number [jiggin- 700 THIRTEENTH STREET NW 600 206-486-4488 farther?? City or town, state or province, country, and ZIP or foreign postal code Gross receipts {1?53 ?fab WASHINGTON DC 2 0 0 0 5 H(a) Is this a group return pendmg Name and address of principal officer: PETER for subordinates? N0 SAME AS ABOVE H(b) Are all subordinates inciuded? El No Tax?exempt status: 501(c)(3) 501(c)( 6 )4 (insert no.) 4947(a)(1) or 527 If attach a list. (see instructions) website: BITCOINFOUNDATION . ORG H(c) Group exemption number Form of organization: Corporation El Trust I: Association I:l Other} I Year of formation: 2 012' 8th of local domicile1DC Summary 1 Briefly describe the organization's mission or most significant activities: SEE SCHEDULE 0 2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets. 3 Number of voting members of the governing body (Part VI. line is) .. a 7 :58 4 Number of independent voting members of the governing body (Part Vi, line 1b) 4 5 8 5 Total number of individuals employed in calendar year 2013 (Part V, tine 2a) 5 6 It; 6 Total number or volunteers (estimate it necessary) .. 6 '5 7 a Total unrelated business revenue from Part column (C), line 12 7a 0 - Net unrelated business taxable income from Form 990-T, line 34 7b 0 - Prior Year Current Year 8 Contributions and grants (Part line inProgram service revenue (Part line 29Investment income (Part column (A), lines Other revenue (Part column (A), lines 5, 6d, 8c, 90, 100, and 11e) 0 . 0 . 12 Total revenue - add lines 8 through 11 (must equal Part column (A), line 12Grants and similar amounts paid (Part IX, column (A), lines 18Benefits paid to or for members (Part IX, column (A), line 4) 0 . 0 . 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 51016a Professional fundraising fees (Part IX, column (A), line He) 0 0 Total fundraising expenses (Part IX, column (D), line 25) 0 - . 1, 17 Other expenses (Part IX, column (A), lines 11a?11d, 11f~24e) . 9 11 18 Total expenses. Add lines 13?17 (must equal Part IX, column (A), line 25Revenue less expenses. Subtract line 18 from line Beginning of Current Year End of Year 33% 20 TotalassetSIPartX. in816) .. 107,549. 4,842,278. 5% 21 Total (Part x, iine 26Net assets or fund balances. Subtract line 21 from line lgnature oc Under penalties of perjury, I declare that i have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. Sign Signature of officer Date Here - JON MATONIS EXECUTIVE DIRECTOR Type or print name and title Print/Type preparer's name Preparer's signatme Date Snack :1 WIN Paid WENDY CAMPOS sear-employed Preparer Firm's name MOSS ADAMS LLP Firm's 91-0189318 Use Only Firm's address 8 0 5 SW BROADWAY if 1 2 0 0 PORTLAND, OR 97205 Phoneno.503-242-l447 May the IRS discuss this return with the preparer shown above? (see instructions) .. Yes I: No 332001 10?29?13 LHA For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2013) Form 990 2013) THE BITCO IN FOUNDATION INC . Page 2 [ff Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part I: 1 Briefly describe the organization's mission: THE BITCOIN FOUNDATION STANDARDIZES, PROTECTS AND PROMOTES THE USE OF BITCOIN CURRENCY FOR THE BENEFIT OF USERS WORLDWIDE. 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 0r .. If "Yes," describe these new services on Schedule 0. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? I: Yes No if "Yes," describe these changes on Schedule 0. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a (Code: (Expenses including grants of (Revenue THE BITCOIN FOUNDATION STANDARDIZES, PROTECTS AND PROMOTES THE USE OF BITCOIN CURRENCY FOR THE BENEFIT OF USERS WORLDWIDE. (:IYes No 4b (Code: (Expenses :13 including grants of (Revenue 40 (Code: (Expenses including grants of (Revenue I 4d Other program services (Describe in Schedule 0.) (Expenses including grants of (Revenue 4e Total program service exgenses 332002 wee-1a Form 990 (2013) 6 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052m1 Form 990 2013) THE BITCOIN FOUNDATION INC . Page 3 Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? if "Yes," complete Schedule A .. 1 2 IS the organization reqUired to Complete Schedule 8, Schedule of Contributors? .. 2 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for White Of?ce? If "Yes," complete Schedule C, Part! .. 3 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501 election in effect during the tax year? if "Yes," complete Schedule C, Part ll .. 4 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 9849? if "Yes," complete Schedule C, Part .. 5 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? ll "yes, complete Schedule D, Peril 6 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? lf "Yes," complete Schedule D, Part ll .. 7 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? ll "Yes, complete Schedule D, Part .. 8 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability; serve as a custodian for amounts not listed in Part or provide credit counseling, debt management, credit repair, or debt negotiation services? if "Yes," complete Schedule D, Part lV .. 9 10 Did the organization, directly or through a related organization, hold assets in temporarin restricted endowments, permanent endowments? 0" quest-endowmehtS? If "Yes, complete Schedule D, Part .. 11 if the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, IX, or as applicable. a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? ll "Yes, complete schedule D, Part VI .. 11a Did the organization report an amount for investments - other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part .. 11b Did the organization report an amount for investments - program related in Part X, line 13 that is 5% or more of its total assets reported in Pelt X. line 16? If Yes, complete Schedule D, Part .. 110 Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X. ?he 15? if "Yes," complete Schedule D, Part lX .. 11d Did the organization report an amount for other liabilities in Part X, line 25? ll ?Yes, complete Schedule D, Part 11e Did the organization?s separate or consolidated financial statements for the tax year include a footnote that addresses the organization?s liability for uncertain tax positions under FIN 48 (A80 740)? If "Yes, complete schedule D, Part 11f 12a Did the organization obtain separate, independent audited financial statements for the tax year? ll "Yes, complete Schedule 0, Parts XI and .. 12a Was the organization included in consolidated, independent audited financial statements for the tax year? if "Yes," and if the organization answered "No to line 12a, then completing Schedule D, Parts XI and is optional .. 1213 13 IS the organization 5? described in seCttOh it "Yes," complete Schedule .. 13 14a Did the organization maintain an office, employees, or agents outside of the United StatesDid the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 Ol? more? if "Yes," complete Schedule F, Parts I and iv .. 14b 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? lf "Yes," complete Schedule F, Parts ll and .. 15 16 Did the organization report on Part IX, column (A), tine 3, more than $5,000 of aggregate grants or other assistance to or for foreign ll?ldiVlduaiS? If "Yes, complete Schedule F, Parts and .. 16 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part lX, column (A), lines 6 and 11s? if "Yes," complete Schedule G, Paltl .. 17 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part Viil, lines to and 8a? if "Yes," complete Schedule (3, Part ll .. 18 19 Did the organization report more than $15,000 of gross income from gaming activities on Part line 9a? lf "Yes, complete Schedule G, Part .. 19 20a Did the organization operate one or more hospital facilities? lf "Yes," complete Schedule .. 20a If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? .. 20b Form 990 (2013) 332003 10?29-13 '7 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052__1 Form 990 2013) THE BITCOIN FOUNDATION, INC . 46-1671796 Page 4 Checklist of Required Schedules (continued) I Yes No 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or government on Part IX. column (A), line 1? If "Yes," complete Schedule I, Parts land It .. 21 22 Did the organization report more than $5,000 of grants or other assistance to individuals in the United States on Part IX, (A). line 2? If "Yes," complete Schedule I, Parts I and Ill .. 22 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization?s current and former officers, directors, trustees, key employees, and highest compensated employees? lf "Yes, complete Schedule .. 23 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? ll "Yes, answer lines 24b through 24d and complete Schedule K. If go to line 25a .. 243 Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b 0 Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bOFldS? .. 240 Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? 24d 25a Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disquali?ed Person during the year? If "Yes," complete Schedule L, Partl .. 253 Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization?s prior Forms 990 or ll "Yes, complete Schedule L, Part! .. 25b 26 Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? if so, complete Schedule L, Part II .. 26 27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member 0f any Of these If "Yes," complete Schedule L, Part Ill .. 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions): a A current or former officer, director, trustee. or key employee? If "Yes, complete Schedule L, Parth .. 28a A family member of a current or former officer, director, trustee, or key employee? lf "Yes, complete Schedule Part lv 28b An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an of?cer, director. trustee. or direct or indirect owner? If "Yes, complete Schedule L, Pad lv .. 28c 29 Did the organization receive more than $25,000 in non-cash contributions? lf "Yes," complete Schedule 29 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation COHtl'ibutionS? If "Yes," complete Schedule .. 30 31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part! .. 31 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? "Yes, complete Schedule N, Part ll .. 32 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule a, Pertl .. 33 Was the organization related to any tax-exempt or taxable entity? If "Yes, complete Schedule Part ll, or lv, and Part v, line 1 .. 34 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity Within the meaning 0f 51 2(b)(1 If "Yes," complete Schedule Fl, Part V, line 2 .. 35b 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2 .. 36 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? lf "Yes, complete Schedule H, Pall Vl 37 33 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule 0 .. 38 Form 990 (2013) 332004 10?29-13 8 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052_1 Form 990 2013 THE BITCOIN FOUNDATION, INC. 46?1671796 Page5 Statements Regarding Other IRS Filings and Tax Compiiance Check it Scheduie 0 contains a response or note to any tine in this Part .. 1a Enter the number reported in Box 3 of Form 1096. Enter -0- if not appiicabie ta Enter the number of Forms W-ZG included in line 1a. Enter -0- if not applicable 1b Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? .. 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return if at least one is reported on line 2a, did the organization file all required federal employment tax returns? Note. If the sum of lines 1a and 2a is greater than 250, you may be required to 5.1715- (see instructions) 3a Did the organization have unrelated business gross income of $1 ,000 or more during the year? if has it fitted a Form 990T f0r this year? if to line 3b, provide an explanation in Schedule 0 .. 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? If "Yes," enter the name of the foreign ocuntry: See instructions for filing requirements for Form TD 9022.1, Report of Foreign Bank and Financial Accounts. 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? it "Yes." to line 5a or 5b, did the organization tile lform .. 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? Gen If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? .. 7 Organizations that may receive deductibie contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payer? 7a If "Yes," did the organization notify the donor of the value of the goods or services provided? 7b Did the organization sell, exchange, or othenrvise dispose of tangible personal property for which it was required to file Form 8282? .. If "Yes." indicate the number of Forms 8282 filed during the year .. i 7d Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? If the organization received a contribution of qualified inteltectual property, did the organization file Form 8899 as required? If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization fiie a Form 1098-0? 8 Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year? 9 Sponsoring organizations maintaining donor advised funds. a Did the organization make any taxable distributions under section 4966? .. Did the organization make a distribution to a donor, donor advisor, or related person? 10 Section 501(c)(7) organizations. Enter: a Initiation fees and capitai contributions included on Part line 12 10a Gross receipts, included on Form 990, Part line 12, for pubiic use of club facilities 10b 11 Section 501(c)(12) organizations. Enter: a Gross income from members or shareholders .. 11a Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) .. 11b 12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? If "Yes," enter the amount of tax-exempt interest received or accrued during the year .. 12b I 13 Section 501(c)(29) qualified nonprofit heaith insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state? Note. See the instructions for additional information the organization must report on Schedule 0. Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue quali?ed health plans .. 13b 0 Enter the amount of reserves on hand .. 13c 14a Did the organization receive any payments for indoor tanning services during the tax year? 14a- If "Yes." has it filed a Form 720 to report these payments? If "No oral/idea an QXWUIF .. 14b Form 990 (2013) 332005 10-29-13 9 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052ml Form 9902013) THE BITCOIN FOUNDATION, INC. 46?1671796 Paqe6 3:3? Governance: management: and Disc'osure For each "Yes" response to lines 2 through 7b below, and fora "No" response to line 83, SD, or 10b below, describe the circumstances, processes, or changes in Schedule 0. See instructions. Check if Schedule 0 contains a response or note to any line in this Part VI Section A. Governing Body and Management 1a Enter the number of voting members of the governing body at the end of the tax year 1a If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule 0. Enter the number of voting members included in line 1a, above, who are independent 1b 2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employeeDid the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors, or trustees, or key employees to a management company or other person? 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? 5 Did the organization become aware during the year of a significant diversion of the organization?s assets? 6 Did the organization have members or stockholders? .. 7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .. 7a Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? .. 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the toilowing: a The governing body? .. 8a Each committee with authority to act on behalf of the governing body? .. 9 is there any officer, director, trustee, or key empioyee listed in Part VII, Section A, who cannot be reached at the organization?s mailing address? j; "Keg amm?de the 33mm and addmaseg Sgberjule .. 9 Section B. Policies - - - . . . . . . . . . . . . . . . . . . . . . . . . on . c. ue Code.) Yes No 10a Did the organization have local chapters. branches. or affiliates? .. 10a If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization?s exempt purposes? 10b 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? 11a Describe in Schedule 0 the process, if any, used by the organization to review this Form 990. 12a Did the organization have a written conflict of interest policy? If "No, go to line 13 .. 12a Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? 12b Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes, describe in Schedule 0 how this was done .. 126 13 Did the organization have a written whistleblower policy? .. 13 14 Did the organization have a written document retention and destruction policy? 14 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization?s CEO, Executive Director, or top management officiai Other Officers or key empioyees 0f the Organization .. If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions). 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year"Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? . .. Section C. Disclosure 17 List the states with which a copy of this Form 990 is required to be filed DC 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if appiicabie), 990, and 990-T (Section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply. Own website I: Another's website I: Upon request Other (expiain in schedule 0) 19 Describe in Schedule 0 whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. 20 State the name, physical address, and telephone number of the person who possesses the books and records of the organization: JODIE BRADY - 206?486?4488 700 THIRTEENTH STREET NW SUITE 500, WASHINGTON DC 20005 832006 10-29-13 Form 990 (2013) 10 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I Form 990 2013) THE FOUNDATION INC . 46?1671796 Page 7 Vii}; Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response or note to any line in this Part .. Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this tabie for all persons required to be listed. Report compensation for the calendar year ending with or within the organization?s tax year. 0 List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid. 0 List ail of the organization?s current key employees, if any. See instructions for definition of "key employee." 0 List the organization?s five current highest compensated employees (other than an officer, director, trustee, or key employee) who received report- able compensation (Box 5 of Form and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations. 0 List all of the organization?s former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations. 0 List all Of the organization?s former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest compensated empioyees; and former such persons. Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee. (A) (B) (D) i (E) (F) Name and Titie Average (do not c?g?ggman one Reportable Reportable Estimated hours per box, unless person is both an compensation compensation amount of week officer and adirector/trustee) from from related other (list any 15: the organizations compensation hours for 3-5 3 organization from the related organization organizations ?as and reiated below 3 L3 5 a organizations line) gag: (1) JON MATONIS 20.00 EXECUTIVE DIRECTOR BOARD MEMBER 0 . 0 . 0 . (2) GAVIN ANDRESEN 40 . 0 0 CHIEF SCIENTIST BOARD MEMBER (3) PETER VESSENES 0 . 50 CHAIRMAN OF THE BOARD 0 . 0 . 0 . (4) MICKY MALKA 0 . 50 BOARD MEMBER 0 . 0 . 0 . (5) ELIZABETH PLOSHAY . 5 0 BOARD MEMBER 0 . 0 . . (6) SHREM 0 . 50 BOARD MEMBER 0 . 0 . 0 . (7) MARK RARPELES 0 . 50 BOARD MEMBER 0 . 0 . 0 . PATRICK MURCK 40 . 0 0 GENERAL COUNSEL 57,592. 0. 6,401. (9) LINDSAY HOLLAND 40 . 0 0 ASSISTANT DIRECTOR 332007 10-29-13 1 Form 990 (2013) 1 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052__l Form990 2013) THE BITCOIN FOUNDATION, INC. 46?1671796 Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employee-s (continuedPosition Name and title AVerage (do not check more than one Reportable Reportable Estimated Per box, unless person is both an compensation compensation amount of week officer and a director/trustee) from from related other (?St any 7% the organizations compensation hours for 3 organization from the related g; a; organization organizations 2; i; and related below g, 3., organizations line) a a 1b Sub-total .. 427,892- 0- 11.797- Total from continuation sheets to Part VII, Section Total(addlines1band1c) .. 427,892. 0- 11.797- 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on line 16? If Yes, complete Schedule for such individual .. 4 For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and ralated Olgamza?ons greater than $150,000? If "Yes, complete Schedule for such individual .. 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the orqanization? if "Yes CMW .1 for such Derson .. Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization?s tax year. (A) (B) (0) Name and business address NONE Description of services Compensation 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0 Form 990 (2013) 332003 10?29-13 12 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052_1 Other Revenue 10?29-13 08470513 Form 990 2013) 31?, THE BITCOIN Statement of Revenue Check if Federated campaigns MemberShiP dues .. Fundraieing events .. Related organizations Government grants (contributions) All other contributions, gifts, grants, and similar amounts not included above Noncash contributions included in lines 1a-1f: CONFERENCE REVENUE I ON Ol? MEMBERSHIP DUES All other program service revenue INC. 46-1671796 Page9 Part Unreiated business revenue Related or exempt function revenue Totai revenue 64 803. 900099 900099 377 883. 358 007. 377 883. 358 007. Investment income (including dividends, interest, and other Similar amounts) .. Income from investment of tax-exempt bond proceeds Royalties .. Gross rents .. Less: rental expenses Rental income or (loss) Net rental income or (loss) Gross amount from sales of assets other than inventory Less: cost or other basis and sales expenses Gain or (loss) .. Net gain or (loss) .. Gross income from fundraising events (not including 33 of contributions reported on line 1c). See Part IV, line18 .. L935: direCt expenses .. Net income or (toss) from fundraising events Gross income from gaming activities. See F?elr?E IV. line 19 .. Less: direct expenses .. Net income or (loss) from gaming activities Gross sales of inventory, less returns and ailowances .. Less: cost of goods sold . . . . . . . Miscellaneous . . . . . . . . . . . - . . . . . . . . . . . . . . . . . - .- Personal 146892 628052 7 7 8 . Form 990 (2013) 877 841. 735 890. 0. 13 2013.03040 THE BITCOIN FOUNDATION, I megm)mnm BITQOIN FOUNDATION, INC. 46?1671796 Pmm10 Statement of Functional Expenses an. 0 .quq'l one?! 0.1? or at. 011.0? 0.1? Check if Schedule 0 contains a response or note (tz)any line in this Part IX .. Do not include amounts re cited on lines 6bPail/ill. Tm? expenses 1 Grants and other assistance to governments and 2 Grants and other assistance to individuals in the United States. See Part lV, line 22 8 74 9 . 3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines Benefits paid to or for members 5 Compensation of current officers, directors, trustees, and key employees Compensation not included above, to disquailfied personsias de?ned undersec?on 4958(n(i))and 7 Other salaries and wages .. 7 . 9 3 - 8 Pension pian accruals and contributions (include sec?on 401(k)and 9 Other employee benefits Pmewws 32.445- 11 Fees for services (non-employees): a Managenent wad q. 151,758- Accounting .. 9 i 0 8 - Professional fundraising services. See Part IV, line 17 Investment management fees 9 Other. (If line 119 amount exceeds 10% of line 25, column (A) amount, list line 119 expenses Advertising and promotion .. Office expenses .. 7 9 2 7 - 14 information technology .. Royalties .. 16 Occupancy .. 7 2 9 5 - 17 mel 59:543- 18 Payments of travel or entertainment expenses for any federal, state, or local public officials 19 Conferences, conventions, and meetings _i 4 8 4 3 . Interest 21 Payments to affiliates .. 22 Depreciation, depletion, and amortization 23 Insunance 24 Hne24e Iane 24c amount exceeds 10% of line 25, column (A) amount, list line 24a expenses on Schedule 0.) a REALIZED EXCHANGE LOSS 91 6 37 . FINES 8c PENALTIES 15 431 . MEALS AND ENTERTAINMENT 5 015 . EMPLOYEE APPRECIATION 2 347 . All other expenses 2 3 8 . 25 Total functional expenses. Add lines 1 through 24s Joint costs. Complete this line only if the organization reported in column (8) joint costs from a combined educational campaign and iundraising solicitation. Check here if following sop 93?2 (A80 958?720) 332010 10-29-13 Form 990 (2013) 14 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052__1 Form 990 2013) THE BITCOIN FOUNDATION, INC. 46?1671796 Page 11 Balance Sheet Check if Schedule 0 contains a response or note to any line in this Part .. I: (A) (B) Beginning of year End of year 1 Cash - non-interest-bearlng .. Savings and temporary cash investments .. 2 3 Pledges and grants receiVablt'e?, net .. 3 4 Accounts receivable. net .. 4 5 Loans and other receivables from current and former officers, directors, Part ll of Schedule Assets 9 Prepaid expenses and deferred charges 10a Land, buildings, and equipment: cost or other trustees, key employees. and highest compensated employees. Comptete 6 Loans and other receivables from other disqualified persons (as defined under section 4958(t)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instr). Complete Part ll of 7 Notes and loans recalVable. ne?t .. 8 anentorleS for Sale Olbasis. Complete Part VI of Schedule 103 Less: accumulated depreciation 10b 10c 11 investments - publicly traded securities .. 12 Investments - other securities. See Part IV, tine Investments - Program-related. See Part lV, line 11 14 intangible assets .. 15 Other assets. See Part EV. line Total assets. Add lines 1 through 15 {must egual line 34Accounts payable and accrued expenses .. Grants payable .. 19 Deferred revenue .. 20 Tax-exempt bond liabilities .. 21 Escrow or custodial account liability. Complete Part IV of Schedule a, 22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons. a Complete Part II of Schedule .. 22 3 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 24 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part of Schedulep .. 9,811. 25 61.483. 26 Total liabilities. Add lines 17 through 25 .. Organizations that follow SFAS 117 (A50 958), check here complete lines 27 through 29, and lines 33 and 34. U) 27 Unrestricted net assets .. Temporarily restricted net assets .. 3 29 Permanently restric?ted net assets .. Organizations that do not follow SFAS 117 (A80 958), check here l:l I5 and complete lines 30 through 34. ?3 30 Capital stock or trust principal, or current funds .. 30 31 Paid-in or capital surplus, or land, building, or equipment fund 31 32 Retained earnings, endowment, accumulated income, or other funds 32 33 Total net assets or fund balances .. Total liabilities and net assets/fund balances .. Form 990 (2013) 332011 10-29-13 08470513 146892 628052 15 2013.03040 THE BITCOIN FOUNDATION, I 628052_1 Form 990 2013) THE BITCOIN FOUNDATION, INC. 45?1671796 Page 12 Reconciliation of Net Assets Check if Schedule 0 contains a response or note to any line in this Part XI .. .. I: 1 Totar revenue (must equai Part vm, column (A), line 12Total expenses (must equai Part IX. column (A). line 25Revenue less expenses. Subtract line 2 from line Net assets or fund balances at beginning of year (must equal Part X, line 33, column Net unrealized gains (losses) on investments .. Donated services and use of facilities .. 6 7 Investment expenses .. 7 8 Prior period adiustments .. 8 9 Other changes in net assets or fund balances (explain in Schedule 0) 9 0 - 10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, olumnlB? .. 10 4,703,254- lgl. Financial Statements and Reporting Check if Schedule 0 contains a response or note to any line in this Part .. 1 Accounting method used to prepare the Form 990: Cash Accrual Other If the organization changed its method of accounting from a prior year or checked "Other," exptain in Schedule 0. 2a Were the organization?s financial statements compited or reviewed by an independent accountant? lf "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both: CI Separate basis Consolidated basis Both consolidated and separate basis Were the organization?s financial statements audited by an independent accountant? if "Yes," check a box below to indicate whether the financial statements for the year were audited on a separate basis, consoiidated basis, or both: Separate basis Consolidated basis [3 Both consolidated and separate basis If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its ?nancial statements and seEection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0. 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular .. 3a if "Yes," did the organization undergo the required audit or audits? if the organization did not undergo the required audit or auditsI explain why in Schedule 0 and describe any steps taken to undergo such audits .. 31) Form 990 (2013) 332012 10?29-13 1 6 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052__l PUBLIC DISCLOSURE COPY Schedule Schedule of Contributors OMB No. 154500,, $531332)! 990'52? Attach to Form 990, Form 990-52, or Form Department of the Treasury Information about Schedule (Form 990, 990-EZ, or 990-PF) and 13 Internal Revenue Service its instructions is at . Name of the organization Employer identification number THE BITCOIN FOUNDATION, INC. 46?1671796 Organization type (check one): Filers of: Section: Form 990 or 990-EZ 501 6 (enter number) organization 4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization Form 990-PF 501(c)(3) exempt private foundation 4947(a)(1) nonexempt charitable trust treated as a private foundation 501(c)(3) taxable private foundation Check if your organization is covered by the General Rule or a Special Rule. Note. Only a section 501 (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions. General Rule For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one contributor. Complete Parts and Ii. Special Rules For a section 501(c)(3) organization Form 990 or 990-EZ that met the 33 1/3% support test of the regulations under sections 509(a)(1) and and received from any one contributor, during the year, a contribution of the greater of (1) $5,000 or (2) 2% of the amount on Form 990, Part Vlli, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts and II. For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor, during the year, totai contributions of more than $1,000 for use exclusively for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and For a section 501 (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor, during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did not total to more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an excrusivery religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexcrusivery religious, charitable, etc., contributions of $5,000 or more during the year Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule (Form 990, 990-EZ, or 990-PF), but it must answer "No" on Part IV, line 2, of its Form 990; or check the box on line of its Form 990-EZ or on its Form 990-PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule (Form 990, QQO-EZ, or 990-PF). LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990, 990-EZ, or 990-PF. Schedule (Form 990, 990-EZ, or (2013) 323451 10-24-13 Schedule (Form 990, 990-EZ, or 990-PF) (2013) Name of organization THE BITCOIN FOUNDATION, INC. Contributors (see instructions). Use duplicate copies of Part 1 if additional Space is needed. Page 2 Employer identification number 46?1671796 Name, address, and ZIP 4 (Q Total contributions Type of contribution 12,342. Person Payroll I: Noncash (Complete Part II for noncash contributions.) No. Name, address, and ZIP 4 (C) Total contributions Type of contribution 71850. Person I: Payroll I: Noncash (Complete Part II for noncash contributions.) No. Name, address, and ZIP 4 Total contributions Type of contribution 7,850. Person Payroll Noncash (Complete Part ii for noncash contributions.) No. 00) Name, address, and ZIP 4 Total contributions Type of contribution 6,793. Person I: Payroll Noncash (Complete Part II for noncash contributions.) No. Name, address, and ZIP 4 Total contributions Type of contribution 5,164. Person I: Payroll CI Noncash (Complete Part ll for noncash contributions.) No. Name, address, and ZIP 4 Total contributions Type of contribution Person I: Payroll CI Noncash (CompIete Part II for noncash contributions.) 323452 10-2443 08470513 146892 628052 18 Schedule (Form 990. 990-EZ, or (2013) 2013.03040 THE BITCOIN FOUNDATION, I Schedule (Form 990, 990-EZ, or 990-PF) (2013) Name of organization THE BITCOIN FOUNDATION, INC. Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed. Page 3 Employer identification number 46?1671796 (d . . FMV (or estimate) from Description of noncash property given . . Date recelved (see Instructions) Part I BITCOIN 1 12,342. 06/30/13 (d (d No' FMV (or estimate) from of noncash property given . . Date received (see Instructions) Part I BI TCOIN 2 7,850. 06/30/13 m) (d FMV (or estimate) noncas property given (see instructions) a recelve Part BITCOIN 3 7,850. 06/30/13 (6) (d . . FMV (or estimate) Date [flawed escraptlon noncas property given (see instructions) Part I BITCOIN 4 6,793. 06/30/13 (d FMv(or eStimate) Date Sleived rom of noncas property glven (see instructions) Part I BITCOIN 5 5,164. 06/30/13 (a (d fNo' FMV (or eS?mate) Date :zleived PE: Description of noncash property given (see instructions) 323453 10?24-13 08470513 146892 19 628052 2013.03040 Schedule (Form 990. 990-EZ, or 990-PF) (2013) THE BITCOIN FOUNDATION, I 628052wl Schedule (Form 990, QQO-EZ, or 990-PF) (2013) Page 4 Name of organization Employer identification number THE BITCOIN FOUNDAION INC. 46?1671796 Exclusively re rgrous e, ontrr utrons to section 5 or I organizations that total more than $1,500 for the ,c etc.,mrwua year. Complete columns through and the following line entry. For organizations completing Part enter the total of exclusive/y religious, charitable, etc., contributions of $1,000 or less for the year. (Enterthis information once.) Use duplicate copies of Part if additional sgace is needed. No. [glam Purpose of gift Use of gift Description of how gift is held Transfer of gift Transferee?s nameI address, and ZIP 4 Reiationship of transferor to transferee No. Purpose of gift Use of gift Description of how gift is held Transfer of gift na_me, address, and ZIP 4 Relationship of transfer-or to transferee No. 3010' Purpose of gift Use of gift Description of how gift is held ar Transfer of gift Transferee?s name, address, and ZIP 4 Relationship of transferor to transferee No. gill? Purpose of gift Use of gift Description of how gift is held ar Transfer of gift Transferee's name, address, and ZIP 4 Relationship of transferor to transferee 323454 10?2443 Schedule (Form 990, or 990-PF) (2013) 2 0 08470513 146892 628052 2013.03040 THE BITCOIN FQUNDATION, I 628052__1 SCHEDULE Political Campaign and Lobbying Activities WSW-15450047 (Form 990 or . . - - For Organizations Exempt From Income Tax Under section 501(c) and section 527 Complete if the organization is described below. Attach to Form 990 or Form 990-EZ. See separate instructions. Information about Schedule (Form 990 or 990-EZ) and its instructions is at If the organization answered "Yes," to Form 990, Part IV, line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then 0 Section 501 organizations: Complete Parts l-A and B. Do not complete Part l-C. 0 Section 501(0) (other than section 501(c)(3)) organizations: Complete Parts l-A and below. Do not complete Part l-B. 0 Section 527 organizations: Complete Part I-A only. If the organization answered "Yes," to Form 990, Part IV, line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then 0 Section 501(c)(3) organizations that have fiied Form 5768 (election under section 501(h)): Complete Part ll-A. Do not complete Part 0 Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part Do not complete Part If the organization answered "Yes," to Form 990, Part IV, line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35c (Proxy Tax), then 0 Section 501(c)(4)I (5), or (6) organizations: Complete Part ill. Name of organization Employer identification number THE BITCOIN FOUNDATION INC. 46~1671796 omp ete I organization is exempt uner section or is a section 27 organization. 1 Provide a description of the organization?s direct and indirect political campaign activities in Part IV. 2 Political expenditures .. 3 Volunteer hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Complete if the organization is exempt under section 501(c)(3). Enter the amount of any excise tax incurred by the organization under section 4955 1 2 Enter the amount of any excise tax incurred by organization managers under section 4955 3 If the organization incurred a section 4955 tax, did it file Form 4720 for this year? Yes No 4a Was a correction made? Yes I: No - er section except section 1 Enter the amount directly expended by the filing organization for section 527 exempt function activities 2 Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities .. 3 Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Did the filing organization file Form 1120-P0L for this year? I: Yes No 5 Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing organization made payments. For each organization listed, enter the amount paid from the filing organization?s funds. Also enter the amount of politicai contributions received that were and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV. Name Address EIN Amount paid from Amount of political organization's contributions received and funds. If none, enter -0-. and directly delivered to a separate political organization. If none, enter 0-. For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule (Form 990 or 990-EZ) 2013 LHA 332041 11?08?13 2 1 08470513 146892 628052 2013.03040 THE FOUNDATION, I 628052__1 INC. 46?1671796 Paqe2 and ?led Form 5768 Schedule For m990 or 990-EZ 2013 THE BITCIN FUNDATION (election under section 501(h)). A Check if the ?ling organization belongs to an affiliated group (and list in Part IV each affiliated group member?s name, address. expenses, and share of excess lobbying expenditures). if the fi A and "limited Check Limits on Lobbying Expenditures or?gliZESEn.S Amiga: groun (The term "expenditures" means amounts paid or incurred.) totals Total lobbying expenditures to influence public opinion (grass roots lobbying) Total lobbying expenditures to influence a legislative body (direct lobbying) Total Iobbying expenditures (add lines 13 and 1b) .. Other exempt DUFDOSB .. Total exempt purpose expenditures (add lines to and 1d) amount. Enter the amount from the . . . . . . . . . . . . . . . . . . . . . . - in both Not over 000 amount on line 1e. 000 Over 000 000 but not over 7 000 the excess over 000 but 000 5% of Over 7 Grassroots nontaxable amount (enter 25% of line 1f) Subtract line 19 from line 18- If zero or less, enter -0- .. i Subtract line 1f from line to. If zero or less, enter -0- If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . reporting section 4911 tax for this year? .. I: Yes I: No 4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the instructions for lines 2a through 2f on page 4.) Lobbying Expenditures During 4-Year Averaging Period ca'enda' year 2010 2011 2012 2013 Total (or fiscal year beginning in) 2a Lobbying nontaxable amount Lobbying ceiling amount (150% of line 2a, column(e)) Total lobbying expenditures Grassroots nontaxable amount Grassroots ceiling amount (150% of line 2d, column Grassroots lobbying expenditures Schedule 0 (Form 990 or 2013 332042 11-08?13 22 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052ml Schedute Form 990 or 990-52 2013 THE BITCOIN FOUNDATION omp ete I organization :5 exempt uner sec Ion (election under section 501 INC. 46?167 1'79 Pae3 For each "Yes, response to lines is through 1i below, provide in Part iVa detailed description of the lobbying activity. Yes No Amount 1 During the year, did the filing organization attempt to in?uence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of: .. Paid staff or management (include compensation in expenses reported on lines 1c through'1 Media advertisements? .. Mailings to members, legislators, or the public? .. Publications, or published or broadcast statements? Grants to other organizations for lobbying purposes? .. Direct contact with legislators, their staffs, government of?cials, or a legislative body? Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? Other activities? .. Total- Add lines to through ti .. Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? If "Yes," enter the amount of any tax incurred under section 4912 If "Yes," enter the amount of any tax incurred by organization managers under section 4912 If the filin oranization incurred a section 4912 tax, did it file Form 4720 for this year? .. ., Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or sect 501(c)(6Were substantialiy all (90% or more) dues received nondeductible by members? 1 2 Did the organization make only in-house lobbying expenditures of $2,000 or less? 2 3 Did the orantzation a ree to car over lobb in and olitical exenditures from the rior ear? .. 3 ll Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either BOTH Part lines 1 and 2, are answered OR Part line 3, is answered "Yes." 1 Dues, assessments and similar amounts from members .. 2 Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid). a Current year .. Carryover from last year Total .. 3 Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues 4 if notices were sent and the amount on line 2c exceeds the amount on iine 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? .. 5 Tax ble amount of lobbying and political expenditures (see instructions) .. 5 Supplemental Information the descriptions required for Part l-A, line 1; Part l-B, fine 4; Part l-C, line 5; Part ll-A (affiliated group list); Part ll-A, line 2; and Part line 1. Also, complete this part for any additional informationSchedule (Form 990 or 990-EZ) 2013 ?3233313 1 .. .. 23 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052_1 OMB No. 1545-0047 SCHEDULE (Form 990) Supplemental Financial Statements Complete if the organization answered "Yes," to Form 990, Part IV, line 6,7,8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. Department of the Treasury Attach to Form 990. Internet Revenue Service Information about Schedule Form 990 and its instructions is at Name of the organization Employer identification number THE BITCOZEN FOUNDATJLON, INC. 46?1671796 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6. Donor advised funds Funds and other accounts 1 Total number at end of year .. 2 Aggregate contributions to (during year) I, 3 Aggregate grants from (during year) .. 4 Aggregate value at end of year .. 5 Did the organization inform all donors and donor advisors in writing that the assets heid in donor advised funds are the organization?s property, subject to the organization?s exclusive legal control? Yes :1 No 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring rmissible rivate benefit? .. 1:1 Yes I: No Conservation Easements- Complete if the organization answered "Yes" to Form 990, Part IV, line 7. 1 Purpose(s) of conservation easements held by the organization (check all that apply). Preservation of land for public use recreation or education) Preservation of an historically important land area Protection of natural habitat 1:1 Preservation of a certified historic structure I: Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the iast day of the tax year. Held at the End of the Tax Year a Total number 0f consewation easements .. 28 Total acreage restricted by conservation easements .. 219 Number of conservation easements on a certified historic structure included in 2c Number of conservation easements included in acquired after 8/17/06, and not on a historic structure listed in the Nationai Register .. 2d 3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year 4 Number of states where property subject to conservation easement is located 5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations and enforcement of the conservation easements it hoids? .. Yes No 6 Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year 8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section and section 170(hx4xexii)? .. Yes No 9 In Part Xiil, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization?s accounting for conservation easements. Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" to Form 990, Part IV, line 8. 1a If the organization elected, as permitted under SFAS 116 (A80 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part the text of the footnote to its financial statements that describes these items. If the organization elected, as permitted under SFAS 116 (A80 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items: 6) Revenues included in Form 990. Part Vttl. line 1 .. (ii) Assets included in Form 990, Part .. 2 if the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the foilowing amounts required to be reported under SFAS 116 (A80 958) relating to these items: a Revenues included in Form 990. Part line 1 .. Assets included in Form 990. Part .. LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. . Schedule (Form 990) 2013 332051 09-2543 24 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052_l Schedule (Form 990) 2013 THE BITCOIN FOUNDATION INC . 46?1671796 Page 2 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) 3 Using the organization?s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply): a I: Public exhibition Scholarly research l: Preservation for future generations 4 Provide a description of the organization's collections and explain how they further the organization?s exempt purpose in Part 5 During the year, did the organization solicit or receive donations of art, historicai treasures, or other simiiar assets to be sold to raise funds rather than to be maintained as part of the orqalmiggtion?s collection? .. I: Yes E) No Escrow and CUStOdial Arrangements. Complete if the organization answered "Yes" to Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. Loan or exchange programs I: Other 1a Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included on Form 990. Part .. :1 Yes No If "Yes," explain the arrangement in Part and complete the following table: Beginning balance .. Additions during the year .. Distributions during the year .. Ending baianoe .. 2a Did the organization include an amount on Form 990. Part X. line 21? .. If ?Yes exlain the arranement in Part Check here if the exlanation has been provided in Bart Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10. "500.0 Current year Prior year Two years back (cl) Three years back Four years back 13 Beginning 0f year balance .. Contributions .. Net investment earnings, gains, and losses Grants or scholarships .. Other expenditures for facilities and programs .. Administrative expenses 9 End of year balance .. 2 Provide the estimated percentage of the current year end baiance (line 1g, column held as: a Board designated or quasi-endowment Permanent endowment Temporarily restricted endowment The percentages in lines 2a, 2b, and 20 should equal 100%. 3a Are there endowment funds not in the possession of the organization that are held and administered for the organization by: unrelated organizations .. (ii) related organizations .. If "Yes" to 3a(ii), are the related organizations listed as required on Schedule 4 Describe in Part the intended uses of the oranization?s endowment funds. Land, Buildings, and Equipment. Complete if the organization answered "Yes" to Form 990, Part IV line 11a. See Form 990 Part X, line 10Description of property Cost or other Cost or other basis (investment) basis (other) (0) Accumulated depreciation Book value 1a Land .. Buildings .. Leasehold improvements .. Equipment .. Other .. Total. Add lines 1athrough 1e. magma mammal 59m 999 EartX column (B) line roreii . . .. 0 - Scheduie (Form 990) 2013 332052 09-25-13 25 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052_1 le (Form 990) 2013 THE BITCOIN FOUNDATION INC . 46?1671796 Page 3 Investments - Other Securities. if the answered "Yes" to Form 990 Part IV line 11b. See Form 990 Part Description of security or category (including name of security) Book value (1) Financial derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. (3) Other BITCOIN line 12. Method of valuation: Cost or end.of~year market value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4 512 316 . MARKET VALUE 4 512 316 . Investments - Program Related. if the 1V line ?to. See Form 990 Part line 13. Description of investment Book value Method of valuation: Cost or end-of-year market value answered "Yes" to Form 990 Part IV line 11d. See Form 990 Part line 15. Description Book value if the ization answered "Yes" to Form Part IV line 11s or 11f. See Form 990 Part line 25. Description of liability Book value Federal income taxes PAYROLL LIABLITIES 52 182 . OTHER LIABILITIES 9 301Liability for uncertain tax positions. In Part provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 740). Check here if the text of the footnote has been provided in Part Schedule (Form 990) 2013 832053 09-25-13 26 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052_,_1 Schedule Form 990 2013 THE BITCOIN FOILNDATION, INC . 46?1671796 Page4 . Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered "Yes" to Form 990, Part IV, line 12a. 1 Total revenue, gains, and other support per audited financial statements 2 Amounts included on line 1 but not on Form 990, Part line 12Net unrealized gains on investments .. 2a Donated services and use of facilities .. 2b Recoveries of prior year grants .. 20 Other (Describe in Part .. 2d Add iiries 2a through 2d .. 3 Subtract line 2e from line 1 .. 4 Amounts included on Form 990, Part line 12, but not on fine a Investment expenses not included on Form 990, Part line 7b 4a Other (Describe in Part .. 4b Add lines Complete if the organization answered "Yes" to Form 990, Part iV, line 12a. 1 Total expenses and losses Per aUdited financta' Statements .. 2 Amounts included on line 1 but not on Form 990, Part IX, line 25: a Donated and use Of faCili?deS .. 28 Prior year adjustments .. 2b 0 Other losses .. 2c: Other (Describe in Part .. 2d Add lines 23 through 2d .. 3 Subtract line 2e from line 1 .. 4 Amounts included on Form 990, Part IX, line 25, but not on line 1: a Investment expenses not included on Form 990, Part line 7b 4a Other (Describe in Part .. 4b Add lines 43 and 4b .. l'exenses. Add lines 3 and 4c. 1 1 line 13) .. 5 Supplemental Information. Provrde the descriptions required for Part II, lines 3, 5, and 9; Part lines 1a and 4; Part IV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information. 3312;55-413 Schedule (Form 990) 2013 27 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052_l OMB No. 1545-0047 SCHEDULEI Grants and Other Assistance to Organizations, (Form 990) Governments, and Individuals in the United States Complete if the organization answered "Yes" to Form 990, Part iV, line 21 or 22. Department of the Treasury Attach to Form 990. 'mema' Revenue service Information about Schedule Form 990 and its instructions is at Name of the organization irs aov/foerQO Employer identification number THE BITCOIN FOUNDATION, INC. General Information on Grants and Assistance 1 Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees? for the grants or assistance, and the seiection criteria used to award the grants or assistanceDescribe in Part IV the or-anization?s procedures for monitoring the use of grant funds in the United States. Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 21, for any recipient thatreceived more than $5,000. Part II can be duplicated if additional space is needed. 1 Name and address of organization EIN IRC section Amount of Amount of 0f (9) Description of Purpose of grant or government if applicable cash grant non-cash va'uatlon (book non-cash assistance or assistance FMV, appraisai, aSSIstance other) 2 Enter total number of section 501(c)(3) and government organizations listed in the line 1 table 3 Enter total number of other or anizations listed in the line 1 table .. LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule I (Form 990) (2013) 332101 10-29?13 sen leullForm 990)(2o13) THE BITCOIN FOUNDATION, INC. Grants and Other Assistance to individuals in the United States. Complete if the organization answered ?Yes? to Form 990, Part JV, line 22. Part can be duplicated if additional space is needed. 46?1671795 Paqe2 Type of grant or assistance Number of Amount of Amount of non- Method of valuation Description of non-cash assistance recipients cash grant cash assistance (b00k. FMV, appralsai. other) GRANT TO SUPPORT OPEN SOURCE SOFTWARE DEVELOPMENT FOR PURPOSES OF INDIVIDUALS CREATING THEIR OWN BITCOIN WALLET. 1 8,749. O. Supplemental Information. Provide the information required in Part i, line 2, Part column and any other additional information. PART I, LINE 2: EXPLANATION: FOUNDATION CONDUCTS QUARTERLY WITH GRANT RECIPIENTS TO ENSURE ADHERENCE TO SPECIFICATIONS OF THE GRANT. 332102 10-29-13 Schedule I (Form 990) (2013) OMB No. 1545-0047 SCHEDULE Compensation Information (Form 990) For certain Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees Complete if the organization answered "Yes" on Form 990, Part IV, line 23. Department orthe Treasury Attach to Form 990. See separate instructions. Internal Revenue Service Information about Schedule (Form 990) and its instructions is at mam; [ca gammy Name of the organization Employer identification number THE BITCOIN FOUNDATION, INC. 46?1671796 Questions Regarding Compensation 1a Check the appropriate box(es) if the organization provided any of the foIiowing to or for a person listed in Form 990, Part VII, Section A, line 1a. Complete Part to provide any relevant information regarding these items. I: First-class or charter travel I: Housing allowance or residence for personal use I: Travel for companions Payments for business use of personal residence [1 Tax indemnification and gross-up payments ?3 Health or social club dues or initiation fees Discretionary spending account I: Personal services maid, chauffeur, chef) If any of the boxes on line ?Ia are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If complete Part to explain 2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all directors, trustees, and officers, including the CEO/Executive Director, regarding the items checked in iine 1a? 3 Indicate which, if any, of the following the filing organization used to establish the compensation of the organization?s CEO/Executive Director. Check ali that apply. Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part 1: Compensation committee Cl Written employment contract I: Independent compensation consultant Compensation survey or study I: Form 990 of other organizations Approval by the board or compensation committee 4 During the year, did any person listed in Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization: a Receive a severance payment or change-of-oontrol payment? .. Participate in, or receive payment from, a supplemental nonqualified retirement plan? Participate in, or receive payment from, an equity-based compensation arrangement? If "Yes" to any of lines 4a?c, list the persons and provide the applicable amounts for each item in Part Only section 501(c)(3) and 501(c)(4) organizations must complete lines 5-9. 5 For persons listed in Form 990, Part Vii, Section A, line 1a, did the organization pay or accrue any compensation contingent on the revenues of: a The organization? .. Any related organization? .. If "Yes" to line 5a or 5b, describe in Part 6 For persons listed in Form 990, Part VII, Section A, tine 1a, did the organization pay or accrue any compensation contingent on the net earnings of: a The organization? .. Any related organization? .. If ?Yes? to line 6a or 6b, describe in Part 7 For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non~fixed payments not described in lines 5 and 6? If "Yes." describe in Part .. 8 Were any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was subiect to the initiai contract exception described in Regulations section If "Yes," describe in Part 9 If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section .. . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . .- LHA For Paperwork Reduction Act Notice, see the instructions for Form 990. Schedule (Form 990) 2013 332111 0943-13 3 0 08470513 146892 628052 2013.03040 BITCOIN FOUNDATION, I 628052?; Schedule (Form 990) 2013 THE BITCO IN FOUNDATION INC . page 2 . . Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row and from related organizations, described in the instructions, on row Do not list any individuals that are not listed on Form 990, Part VII. Note. The sum of columns for each listed individual must equal the totai amount of Form 990, Part VII, Section A, tine 1a, applicable column (D) and (E) amounts for that individual. (B) Breakdown of W-2 and/or1099-MISC compensation (C) Retirement and (D) Nontaxable (E) Total of columns (F) Compensation other deferred benefits reported as deferred . Base (ii) Bonus 3? Other com ensation in rior Form 990 (A) Name and Title compensation incentive reportable compensation compensation (1) GAVIN ANDRESEN 209,648. 0. 0. 0. 2,884. 212,532. 0. CHIEF SCIENTIST .2 BOARD MEMBER (3i(2) LINDSAY HOLLAND (1) 160,652. 0. 0. 0. 2,512. 163,164. 0. ASSISTANT DIRECTOR (ii(ii) (ii) (ii) (ii) (ii) (ii) (if) (ii) (ii) (ii) (ii) (ii) (ii) (ii) Schedule (Form 990) 2013 332112 09-13-13 Schedule (Form 990) 2013 THE BITCOIN FOUNDATION, INC . 46?1671796 Paqe 3 Supplemental information Provide the information, explanation, or descriptions required for Part l, lines and for Part II. Also complete this part for any additional information. Schedule (Form 990) 2013 332113 09-13?13 SCHEDULE Transactions With Interested Persons OMB No 1545-0047 (Form 990 or 990-EZ) Complete if the organization answered "Yes" on Form 990, Part IV, line 25a, 25b, 26, 27, 283, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b. Attach to Form 990 or Form See separate instructions. Department of the Treasury Internal Revenue Service Information about Schedule (Form 990 or 990-EZ) and its instructions is at Name of the organization Employer Identification number THE BITCOIN FOUNDATION, INC. 46*1671796 Excess Bene?t TransaCtionS (section 501(c)(3) and section 501(c)(4) organizations only). if the IV line 25a or Form line 40b. 1 Relationshi between dis ualified Name of disqualified person person :nd organizatign Description of transaction 2 Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958 Loans to and/or From interested Persons. Complete if the organization answered "Yes" on Form 990-EZ, Pait V, line 38a or Form 990, Part IV, line 26; or if the organization an amount on Form Name of Relationship (0) Purpose (dl?L?Janh?O ?r Original Balance due (9) In by board or Written interested person with organization of loan 6 principal amount default? committee? agreement? To From Yes No Yes No or my ersons. Com if the "Yes" on Form Part lV line 27. Name of interested person ReIationship between Amount of Type of Purpose of interested person and assistance assistance assistance the organization LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule (Form 990 or 2013 832181 09-25-13 3 3 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052?1 Schedule (Form 990 or 990-52) 2013 THE BITCOIN FOUNDATION INC . Pace 2 Business Transactions Involving Interested Persons. Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 280. Name of interested person Relationship between interested (0) Amount of Description of sharing 5? . . . . ganization 3 person and the organization transaction transaction revenues? Yes No THE HOLE OF ROY LLC JON MATONIS: EXEC 31 250 . BITCOIN Supplemental Information Provide additional information for responses to questions on Schedule (see instructions). SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: THE HOLE OF ROY, LLC (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JON MATONIS: EXEC DIR OF THE BITCOIN FNDN 8: MEMBER OF THE HOLE OF ROY, LLC (D) DESCRIPTION OF TRANSACTION: THE BITCOIN FOUNDATION PAYS THE HOLE OF ROY, LLC COMPENSATION FOR SERVICES PROVIDED BY JON MATONIS FOR HIS ROLE AS EXECUTIVE DIRECTOR. Schedule (Form 990 or 990-EZ) 2013 332132 09-25-13 34 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052m1 OMB No. 1545-0047 SCHEDULE 0 Supplemental Information to Form 990 or (Form 990 or 990452) Complete to provide information for responses to specific questions on Form 990 or 990-EZ or to provide any additional information. Attach to Form 990 or 990-EZ.u-u Name of the organization Employer Identification number THE BITCOIN FOUNDATION, INC. 46?1671795 Department of the Treasury internal Revenge Service FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE BITCOIN FOUNDATION STANDARDIZES, PROTECTS AND PROMOTES THE USE OF BITCOIN CURRENCY FOR THE BENEFIT OF USERS WORLDWIDE. FORM 990, PART VI, SECTION A, LINE 2: EXPLANATION: CHAIRMAN PETER VESSENES HAD A BUSINESS RELATIONSHIP WITH BOARD MEMBER MARK KARPELES. FORM 990, PART VI, SECTION A, LINE 6: EXPLANATION: THERE ARE TWO CLASSES OF MEMBERSHIP, INDIVIDUAL MEMBERS AND INDUSTRY MEMBERS. THERE ARE NO STOCKHOLDERS. INDIVIDUAL MEMBERS AND INDUSTRY MEMBERS BOTH HAVE THREE BOARD MEMBERS EACH REPRESENTING THEM. SPECIAL MEETINGS CAN BE CALLED BY WRITTEN DEMAND OF 15% OR MORE OF THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A: EXPLANATION: EACH MEMBER GETS ONE VOTE FOR ITEMS SUBMITTED TO THEIR MEMBERSHIP CLASS TO VOTE ON (E.G. BOARD ELECTIONS). FORM 990, PART VI, SECTION A, LINE 8B: EXPLANATION: THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE ll: EXPLANATION: THE FORM 990 IS REVIEWED INTERNALLY BY BOTH THE DIRECTOR OF FINANCE AND THE EXECUTIVE DIRECTOR. A COPY IS THEN PROVIDED TO THE BOARD OF LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule 0 (Form 990 or 990-EZ) (2013) 332211 0904-13 35 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052_1 Schedule 0 (Form 990 or 990-EZ) (2013) Page 2 Name of the organization Employer identification number THE BITCOIN FOUNDATION, INC. 46-1671796 DIRECTORS PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION C, LINE 19:' EXPLANATION: BYLAWS ARE POSTED ON ANYONE CAN VIEW THE BYLAWS AND MAKE PULL REQUESTS SUGGESTING EDITS TO THE BYLAWS. THE BOARD THEN VOTES ON ANY SUGGESTED EDITS. E55333 Schedule 0 (Form 990 or (2013) 36 08470513 146892 628052 2013.03040 THE BITCOIN FOUNDATION, I 628052?l