THE DISTRICT INC

EIN: 991920898 501(c)(3) Science & Technology

WASHINGTON, DC

Total Revenue
$1,048,498
Total Expenses
$137,999
Total Assets
$936,055
Net Assets
$936,055
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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
2024
Legal Domicile
DC
Principal Officer
ADAM JAY HARRISON
Tax Period
2024-07-01 to 2025-06-30

THE DISTRICT INC, founded in 2024, is a community nonprofit in the Science & Technology sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $910K, a strong 87% operating margin.

Mission

TO PROMOTE THE DEVELOPMENT OF HARDWARE TECHNOLOGY FOCUSED, EARLY STAGE AND BUSINESSES AND ASSOCIATED ENTREPRENEURIAL TEAMS ADDRESSING PROBLEMS IN THE NATIONAL ECONOMIC AND SECURITY INTEREST THROUGH COLLABORATION WITH ENTREPRENEURS AND THE ENGINEERING AND SCIENCE DEPARTMENTS AT AFFILIATED PUBLIC AND PRIVATE UNIVERSITIES.

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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 $1,048,498
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,048,498

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $137,714
Other Expenses $137,999
TOTAL EXPENSES $137,999

Year-over-Year Comparison

2024 2023 Change
Revenue $1,048,498 N/A N/A
Expenses $137,999 N/A N/A
Net Income $910,499 N/A N/A
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
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM JAY HARRISON EXECUTIVE DI 10.00
Officer Director
$0 $0 $0
MICHAEL GRANT HARRISON DIRECTOR 10.00
Director
$0 $0 $0
KIAN HASSANI DIRECTOR 10.00
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
2025 $1,048,498 $137,999 $936,055 $910,499
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