THE DIGITAL DOLLAR PROJECT INC C/O SPACES - DUKE STREET

EIN: 871472164 501(c)(3) Science & Technology

ALEXANDRIA, VA

Total Revenue
$391,471
Total Expenses
$472,966
Total Assets
$235,651
Net Assets
$24,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
JENNIFER LASSITER
Phone
5713375387
Tax Period
2024-01-01 to 2024-12-31

THE DIGITAL DOLLAR PROJECT INC C/O SPACES - DUKE STREET, founded in 2021, is a small nonprofit in the Science & Technology sector that reported $391K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $473K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE DIGITAL DOLLAR PROJECT IS A NOT-FOR-PROFIT FOCUSED ON RESEARCH AND DISCUSSION REGARDING THE ROLE OF AND IMPACT TO THE US DOLLAR IN DIGITAL CURRENCY NETWORK. THE PURPOSE OF THE PROJECT IS TO ENCOURAGE RESEARCH AND PUBLIC DISCUSSION ON THE POTENTIAL ADVANTAGES OF A DIGITAL DOLLAR, CONVENE PRIVATE SECTOR THOUGHT LEADERS AND ACTORS, AND PROPOSE POSSIBLE MODELS TO SUPPORT THE PUBLIC SECTOR. THE PROJECT WILL MODERATE PROGAMS WITH INTERESTED STAKEHOLDERS TO MEASURE THE VALUE OF AND ESTABLISH PRACTICAL STEPS THAT CAN BE TAKEN TO ESTABLISH A DIGITAL DOLLAR. THE DDP'S BOARD ARE RENOWNED INDUSTRY EXPERTS AND BLOCKCHAIN ADVOCATES WHO HAVE BEEN LEADING GLOBAL DISCOURSE ON CRYPTOCURRENCIES AND DIGITAL ASSETS.

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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 $391,471
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $391,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $325,539
Fundraising Expenses $0
Program Expenses $366,397
Other Expenses $147,427
TOTAL EXPENSES $472,966

Year-over-Year Comparison

2024 2023 Change
Revenue $391,471 $1,125,003 -0.7%
Expenses $472,966 $1,363,204 -0.7%
Net Income $-81,495 $-238,201 -0.7%
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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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
2
$0
Total Directors
4
$0
Key Employees
1
$309,231
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J CHRISTOPHER GIANCARLO CHAIRMAN 5.00
Officer Director
$0 $0 $0
CHARLES GIANCARLO DIRECTOR 1.00
Director
$0 $0 $0
DANIEL GORFINE TREASURER 1.00
Officer Director
$0 $0 $0
ELIZABETH GRAY DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER LASSITER FMR EXEC DIR DIRECTOR 5.00
Key Emp
$309,231 $0 $309,231
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 $391,471 $472,966 $235,651 $-81,495
2023 $1,125,003 $1,363,204 $110,931 $-238,201
2022 $616,610 $1,070,952 $373,218 $-454,342
2021 $1,000,100 $201,683 $847,749 $798,417
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