Brink Technology Inc

EIN: 852919136 501(c)(3) Science & Technology

Austin, TX

Total Revenue
$6,715,850
Total Expenses
$1,500,247
Total Assets
$8,108,056
Net Assets
$7,783,928
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
Michael Schmidt
Phone
7377887580
Tax Period
2023-01-01 to 2023-12-31

Brink Technology Inc, founded in 2020, is a community nonprofit in the Science & Technology sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 692% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 78% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $1,176,282

General programs - We support and mentor new contributors to open source Bitcoin development through our fellowship and support the work of established Bitcoin protocol engineers through grants.

Program 2
Expenses: $13,817

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.

Program 3
Expenses: $40,837

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,560,229
Program Service Revenue $0
Investment Income $155,621
Other Revenue $0
TOTAL REVENUE $6,715,850

Expense Breakdown

Grants Paid $339,658
Salaries & Benefits $754,980
Fundraising Expenses $47,134
Program Expenses $1,230,936
Other Expenses $405,609
TOTAL EXPENSES $1,500,247

Year-over-Year Comparison

2023 2022 Change
Revenue $6,715,850 $848,075 +6.9%
Expenses $1,500,247 $1,741,596 -0.1%
Net Income $5,215,603 $-893,521 -6.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
5
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$100,008
Total Directors
4
$100,008
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Schmidt Director, President 40.00
Officer Director
$100,008 $0 $100,008
Christian Decker Director 1.00
Director
$0 $0 $0
Gerald Brito Director 1.00
Director
$0 $0 $0
Jonathan Bier Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,715,850 $1,500,247 $8,108,056 $5,215,603
2022 $848,075 $1,741,596 $2,687,445 $-893,521
2021 $4,459,224 $1,053,521 $3,996,292 $3,405,703
2021 $4,459,224 $1,053,521 $3,996,292 $3,405,703
2020 $564,035 $1,331 $562,704 $562,704
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