TEXAS BLOCKCHAIN

EIN: 921448436 501(c)(3) Education

AUSTIN, TX

Total Revenue
$7,500
Total Expenses
$26,730
Total Assets
$333,406
Net Assets
$333,406
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
TX
Principal Officer
SHANTIKIRAN CHANAL
Phone
4696005414
Tax Period
2024-05-01 to 2025-04-30

TEXAS BLOCKCHAIN, founded in 2022, is a micro nonprofit in the Education sector that reported $8K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 256% operating deficit.

Mission

TEXAS BLOCKCHAIN IS A TEXAS-BASED 501(C)(3) NONPROFIT THAT IS BUILDING THE NEXT GENERATION OF INNOVATORS BY LEADING A COMMUNITY AT THE UNIVERSITY OF TEXAS AT AUSTIN FOCUSED ON THE RESEARCH, DEVELOPMENT, INVESTMENT, AND INFRASTRUCTURE OF BLOCKCHAIN TECHNOLOGY.

Program Service Accomplishments

Program 1
Expenses: $13,122 Revenue: $0

THE CRYPTO SUMMER LAB (CSL) PROGRAM IN 2024 MARKED AN IMPORTANT MILESTONE FOR CHAINHUB FOUNDATION'S MISSION TO ACCELERATE INNOVATION AT THE INTERSECTION OF BLOCKCHAIN, AI, AND DECENTRALIZED...

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THE CRYPTO SUMMER LAB (CSL) PROGRAM IN 2024 MARKED AN IMPORTANT MILESTONE FOR CHAINHUB FOUNDATION'S MISSION TO ACCELERATE INNOVATION AT THE INTERSECTION OF BLOCKCHAIN, AI, AND DECENTRALIZED INFRASTRUCTURE. MANAGED AND OPERATED BY CHAINHUB FOUNDATION, CSL BATCH 2 RAN FROM MAY 27 THROUGH JULY 26, 2024, PROVIDING A STRUCTURED AND COLLABORATIVE ENVIRONMENT FOR EARLY STAGE TEAMS TO REFINE THEIR TECHNICAL ARCHITECTURES, TOKEN MODELS, AND GO TO MARKET STRATEGIES. THE PROGRAM EMPHASIZED HANDS ON MENTORSHIP, ECOSYSTEM EXPOSURE, AND TECHNICAL DEEP DIVES ACROSS DEFI, INFRASTRUCTURE, AND AI INTEGRATED PROTOCOLS, CREATING A FERTILE SPACE FOR BOTH TECHNICAL FOUNDERS AND ECOSYSTEM BUILDERS TO ENGAGE DIRECTLY WITH EXPERIENCED MENTORS AND PEERS.SEVERAL PIONEERING PROJECTS PARTICIPATED IN THE 2024 COHORT, INCLUDING CONCORDIA, OPTIMUM, POD, SOUL, ZETTABLOCK, SUM NETWORK, BITMIND, SUPERPOSITION, AKAVE, BBL, AND SLUICEBOX, EACH REPRESENTING DISTINCT INNOVATIONS IN DECENTRALIZED COMPUTING, DATA NETWORKS, AND BLOCKCHAIN ENABLED INTELLIGENCE. TRUE TO CHAINHUB FOUNDATION'S NON PROFIT MODEL, THE CSL PROGRAM WAS PROVIDED ENTIRELY FREE OF CHARGE TO ALL PARTICIPANTS, REINFORCING ITS COMMITMENT TO OPEN COLLABORATION AND EQUITABLE ACCESS TO HIGH QUALITY ACCELERATION RESOURCES. THROUGH CSL 2024, CHAINHUB CONTINUED TO STRENGTHEN THE BROADER CRYPTO AND AI STARTUP ECOSYSTEM BY FOSTERING COMMUNITY DRIVEN INNOVATION AND SUSTAINABLE GROWTH ACROSS DIVERSE PROJECTS AND TEAMS.

Program 2
Expenses: $4,500 Revenue: $7,500

WE INCUBATED THREE STARTUPS WITH NON DILUTIVE FUNDING IN THE FORM OF GRANTS. THESE STARTUPS INCLUDE HOLOS, CEALUS, AND TRENCHTOWN, EACH GIVING WAY A CHECK OF 1.5K (REFLECTIVE OF THE MILESTONES THAT...

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WE INCUBATED THREE STARTUPS WITH NON DILUTIVE FUNDING IN THE FORM OF GRANTS. THESE STARTUPS INCLUDE HOLOS, CEALUS, AND TRENCHTOWN, EACH GIVING WAY A CHECK OF 1.5K (REFLECTIVE OF THE MILESTONES THAT EACH STARTUP HIT THROUGHOUT THE INCUBATION TIME PERIOD). WE PROVIDED NETWORKING OPPORTUNITIES AND CONNECTIONS WITH VCS, ALLOWING US TO CONTRIBUTE TO THE LARGER ECOSYSTEM OF EDUCATION IN THE CRYPTO SPACE.

Program 3
Expenses: $700 Revenue: $0

WE FLEW OUT STUDENTS TO A STUDENT CRYPTO CONFERENCE CALLED MICHIGAN BLOCKCHAIN CONFERENCE. WE PAID FOR THE AIRBNB ALLOWING STUDENTS TO COME WITH A SUBSIDIZED COST OF FLIGHTS AND STAY TO LEARN MORE...

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WE FLEW OUT STUDENTS TO A STUDENT CRYPTO CONFERENCE CALLED MICHIGAN BLOCKCHAIN CONFERENCE. WE PAID FOR THE AIRBNB ALLOWING STUDENTS TO COME WITH A SUBSIDIZED COST OF FLIGHTS AND STAY TO LEARN MORE ABOUT THE ECOSYSTEM AND NETWORK WITH PROFESSIONALS IN THE SPACE. WE WANTED TO EXPOSE STUDENTS TO THE MOST AMOUNT OF EDUCATION AND INTERNSHIP OPPORTUNITIES AS POSSIBLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,322
Other Expenses $26,730
TOTAL EXPENSES $26,730

Year-over-Year Comparison

2024 2023 Change
Revenue $7,500 $144,730 -0.9%
Expenses $26,730 $94,139 -0.7%
Net Income $-19,230 $50,591 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
6
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SRIRAM VISHWANATH OFFICER 8.00
Officer Director
$0 $0 $0
SHANTIKIRAN CHANAL DIRECTOR OF DEVOPS 1.00
Officer
$0 $0 $0
SAVINDU WIMALASOORYA PRESIDENT 1.00
Officer
$0 $0 $0
VIREN GOVIN VICE PRESIDENT 1.00
Officer
$0 $0 $0
SREE DUGGIRALA TREASURER 1.00
Officer
$0 $0 $0
ARJUN YENMANDRA DIRECTOR OF FUNDRAISING 1.00
Officer
$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
2025 $7,500 $26,730 $333,406 $-19,230
2024 $144,730 $94,139 $352,636 $50,591
2023 $483,098 $181,055 $302,043 $302,043
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