2024-07-23T09:58:38-07:00 2023-12-31 990 2023-02-01 365061146 Bluechip Ratings Inc BLUE 2027357828 254 Chapman Rd Ste 208 11690 Newark DE 19702 Benjamin Levit President 2027357828 2024-07-10 Benjamin Levit 999009999 1 0 11 1 AAL2 2023 2023-04-26 12:10:37Z X X Bluechip Benjamin Levit Rasumofskygasse 24/5 Vienna Vienna AU 1030 255635 0 X X 2023 DE Bluechip Ratings Inc. has been incorporated to act as an independent, nonprofit rating agency, to promote the common business interest of members of the digital assets industry. Bluechip's specific focus is on 'stablecoins' 3 0 0 0 0 0 0 255635 0 0 0 0 0 0 0 255635 0 0 0 0 0 135045 0 0 0 0 55811 0 190856 0 64779 0 64779 0 0 0 64779 Bluechip Ratings Inc. ("Bluechip") has been incorporated to act as an independent, nonprofit rating agency, to promote the common business interest of members of the digital assets industry. Bluechip's specific focus is on 'stablecoins'. 0 0 During the tax year 2023, Bluechip Ratings Inc. did not conduct any program service activities as it was in its initial planning phase and the focus was on creating free stablecoin research content that would help in building the organization's brand to enable it to attract members in future years. 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X Garett Jones 2027357828 254 Chapman Rd Ste 208 11690 Newark DE 19702 Vaidya Pallasena Director, Secretary and Treasurer 6 0 X X 0 0 25000 Garett Jones Director 4 0 X 0 0 20400 Benjamin Levit President & Director 0 0 X X 0 0 0 0 0 45400 0 0 0 0 0 0 0 0 0 0 255635 0 255635 0 0 0 0 0 0 0 255635 0 0 0 0 0 0 0 45400 89645 0 0 0 0 0 26105 6 5534 827 22985 0 0 0 0 0 0 0 0 0 Bank Service Charges 216 Meals & Entertainment 138 190856 0 0 0 0 64779 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 64779 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 64779 0 64779 0 64779 64779 0 0 0 0 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Fresh Octopus Ventures - FZCO 35% controlled entity 37500 Independent contractor's fees 0 iiuv Trading GmbH 35% controlled entity 52145 Independent contractor's fees 0 Schedule L, Part IV 1) Fresh Octopus Ventures - FZCO is a 35% controlled entity in which one of the directors (Vaidya Pallasena) holds 50% of shares. Fresh Octopus Ventures - FZCO provides consulting services to the origanization in relation to the analysis of stablecoins, publishing of reports, and ongoing development of the rating framework. 2) iiuv Trading GmbH is a 35% controlled entity in which Benjamin Levit, President and Director, holds 100% of shares. iiuv Trading GmbH provides consulting services to the organization in relation to stakeholder management, branding, strategic and operational support. Form 990, Part VI, Section B, Line 11b All Directors of the organization's board have been emailed a copy of this Form 990 and schedules thereto prior to filing. The Directors have convened before filing to review the contents of the filing documents. Form 990, Part VI, Section B, Line 12c Please refer to the attached Conflict of Interest Policy adopted by the Board of Directors of the organization Form 990, Part VI, Section B, Line 13 Please refer to the attached Conflict of Interest Policy adopted by the Board of Directors of the organization. The Policy includes a section on the process of determination of compensation. Form 990, Part VI, Section B, Line 15 Please refer to the attached Conflict of Interest Policy adopted by the Board of Directors of the organization. The Policy includes a section on the process of determination of compensation. Form 990, Part VI, Section C, Line 19 No documents available to the public The filing of Form 990 was delayed because our organization's application for 501(c)(6) status (Form 1024) had not yet been submitted at the time of the original due date. The timing of our 501(c)(6) application submission was crucial to ensure our eligibility to file as a tax-exempt organization with a pending application. We submitted Form 1024 after the original Form 990 due date to comply with IRS regulations regarding the establishment of our tax-exempt status. This Form 990 is being filed as soon as practicable following the submission of our 501(c)(6) application.