The Data Foundation Inc

EIN: 383984512 501(c)(3) Public & Societal Benefit

Washington, DC

Total Revenue
$984,490
Total Expenses
$1,829,538
Total Assets
$1,066,767
Net Assets
$1,023,823
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DC
Principal Officer
Nicholas Hart
Phone
2029641120
Tax Period
2023-01-01 to 2023-12-31

The Data Foundation Inc, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $984K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 86% operating deficit.

Mission

Through research, education and programming, the Data Foundation promotes evidence-informed policymaking and open data to improve society.

Program Service Accomplishments

Program 1
Expenses: $1,441,119 Revenue: $232,429

The Data Foundation supported numerous efforts related to financial data, open data, data sharing, and usability through partnerships and engagement with Congress and the Executive Branch. Hosted...

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The Data Foundation supported numerous efforts related to financial data, open data, data sharing, and usability through partnerships and engagement with Congress and the Executive Branch. Hosted events such as RegTech Data Summit, a Research Symposium on Data and Evidence for Better Government; provided opportunities to bring leading experts from industry, academia, and government together to develop a shared understanding of challenges and solutions related to Evidence Act implementation; issued a compendium of insights and perspectives generated from the 2022 research symposium; issued a descriptive summary of results from a survey of federal chief data officers; encouraged improved data literacy and alignment with data governance strategies in the public sector, led the enactment of milestone legislation including the National Secure Data Service and the Financial Data Transparency Act; supported implementation of new transparency and data laws; and demonstrated new strategies for continuing to innovate with government data.

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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 $710,100
Program Service Revenue $274,390
Investment Income $0
Other Revenue $0
TOTAL REVENUE $984,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,201,051
Fundraising Expenses $46,255
Program Expenses $1,441,119
Other Expenses $628,487
TOTAL EXPENSES $1,829,538

Year-over-Year Comparison

2023 2022 Change
Revenue $984,490 $2,033,286 -0.5%
Expenses $1,829,538 $1,744,058 +0.0%
Net Income $-845,048 $289,228 -3.9%
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
15
Independent Members
8
Employees
13
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
4
$315,317
Total Directors
13
$315,317
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicholas Hart President /Board Secretary 40.00
Officer Director
$307,240 $8,077 $315,317
Sherry Weir Chair 1.00
Officer Director
$0 $0 $0
Paul Seckar Vice Chair 1.00
Officer Director
$0 $0 $0
Kris Rowley Treasurer 1.00
Officer Director
$0 $0 $0
Craig Clay Director 1.00
Director
$0 $0 $0
Molly Irwin Director 1.00
Director
$0 $0 $0
Valerie Logan Director 1.00
Director
$0 $0 $0
Steven Meizanis Director 1.00
Director
$0 $0 $0
Kathy Newcomer Director 1.00
Director
$0 $0 $0
Nancy Potok Director 1.00
Director
$0 $0 $0
Lynn Peng Director 1.00
Director
$0 $0 $0
Kevin Richards Director 1.00
Director
$0 $0 $0
Mark Urbanczyk 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 $984,490 $1,829,538 $1,066,767 $-845,048
2022 $2,033,286 $1,744,058 $1,957,215 $289,228
2021 $1,468,667 $1,217,929 $1,618,676 $250,738
2020 $2,279,784 $1,669,616 $911,318 $610,168
2019 $391,765 $389,219 $241,333 $2,546
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