Nonprofit · EIN 87-1472164
DIGITAL DOLLAR PROJECT INC
Tax-exempt · ANNANDALE, VA 22003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $391,471 | $472,966 | -$81,495 | $235,651 | $211,272 | $24,379 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $391,471
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $309,231
- Salaries, compensation and benefits (total)
- $325,539
- Professional fundraising fees
- $0
- Legal fees
- $1,263
- Accounting fees
- $36,760
- Travel
- $35,527
- Program services (functional)
- $366,397
- Management and general (functional)
- $106,569
Balance sheet and other
- Total assets, start of year
- $110,931
- Total assets, end of year
- $235,651
- Total liabilities, end of year
- $211,272
- Net assets, end of year
- $24,379
- Net assets without donor restrictions
- $24,379
- Gross receipts
- $391,471
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER LASSITER FMR EXEC DIR | DIRECTOR Key employee | 5 | $309,231 |
| J CHRISTOPHER GIANCARLO | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| CHARLES GIANCARLO | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL GORFINE | TREASURER Trustee or director, Officer | 1 | $0 |
| ELIZABETH GRAY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3610 TERRACE DR, ANNANDALE, VA 22003-1841
- In care of
- % THOMAS PAPPAS
- Principal officer (990 for 2024)
- JENNIFER LASSITER, 2000 DUKE ST 300, ALEXANDRIA, VA 22314
- Signed the 990
- JENNIFER LASSITER, EXECUTIVE DIRECTOR
- Phone
- (571) 337-5387
- Return prepared by
- ROSS & MONCURE INC
Mission
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 PROJECT VIEWS THE INFRASTRUCTURE UNDERPINNING THE US DOLLAR AS A CRITICALLY IMPORTANT PUBLIC GOOD AND BELIEVES THAT UPGRADING THIS INFRASTRUCTURE WILL PROVIDE CURRENT AND FUTURE GENERATIONS ENHANCED FLEXIBILITY, OPTIONALITY, STABILITY AND PROSPERITY.
Program accomplishments
- ORGANIZING US CBDC EXPERIMENTATION THROUGH THE DIGITAL DOLLAR PROJECT'S PILOT PROGRAM. RESULTS OF WHICH WILL BE PUBLISHED AND OPEN DATA SHARED FOR CONSIDERATION BY POLICY-MAKERS, ACADEMICS AND RESEARCHERS, THE FEDERAL RESERVE SYSTEM. AND THE GENERAL PUBLIC.Expenses $366,397
- EDUCATING CONGRESS, THE EXECUTIVE OFFICE, THE FEDERAL RESERVE SYSTEM, AND POLICY-MAKERS ON CBDC DESIGN CHOICES AND POTENTIAL APPLICATIONS AND BRIEFING FINANCIAL REGULATORS AND PRIVATE SECTOR LEADERSHIP ON VARIOUS USE CASES AND THE DIGITAL CURRENCY ECOSYSTEM.
- PUBLISHING WHITE PAPERS AND RESEARCH ON US CBDC, AS WELL AS RESPONSES TO THE FEDERAL RESERVE BOARD POLICY DISCUSSION PAPER, THE WHITE HOUSE EXECUTIVE ORDER ON RESPONSIBLE INNOVATION, AND RELEVANT SENATE AND HOUSE COMMITTEE HEARINGS. CONVENING PUBLIC SESSIONS (I.E. DEBATES, DISCUSSIONS, INTERVIEWS) ON US CBDC AND RELATED MATTERS INCLUDING NATIONAL SECURITY, FINANCIAL INCLUSION, AND PRIVACY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1472164
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U05)
- Assets (IRS master file)
- $235,651
- Income (IRS master file)
- $391,471
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,125,003 | $1,363,204 | $110,931 | IRS |
| 990 | December 2022 | $616,610 | $1,070,952 | $373,218 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about DIGITAL DOLLAR PROJECT INC
- What is the EIN of DIGITAL DOLLAR PROJECT INC?
- The employer identification number (EIN) of DIGITAL DOLLAR PROJECT INC is 87-1472164.
- Is DIGITAL DOLLAR PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to DIGITAL DOLLAR PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DIGITAL DOLLAR PROJECT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DIGITAL DOLLAR PROJECT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DIGITAL DOLLAR PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DIGITAL DOLLAR PROJECT INC?
- The 990 for the year ended December 31, 2024 names JENNIFER LASSITER.
- Who are the officers and directors of DIGITAL DOLLAR PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $309,231 (JENNIFER LASSITER FMR EXEC DIR, DIRECTOR).
- How much revenue does DIGITAL DOLLAR PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $391,471, expenses of $472,966 and total assets of $235,651 at year end.
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