Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2021 | $848K |
|---|---|
| FY2022 | $373K |
| FY2023 | $111K |
| FY2024 | $236K |
| FY2021 | $49K |
|---|---|
| FY2022 | $29K |
| FY2023 | $5K |
| FY2024 | $211K |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 77% | — | — |
| Overhead ratio | 23% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -65% | — | — |
| Legal fee ratio | 0.3% | — | — |
| Accounting fee ratio | 8% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Jennifer Lassiter FMR Exec Dir’s $309K as Director is at the 100th percentile of top reported officer pay among 312 $100K–1M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Jennifer Lassiter | — | $440,000 | — | — |
| Jennifer B Lassiter | — | — | $410,556 | $58,702 |
| Jennifer Lassiter FMR Exec Dir | $309,231 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
- 6Voting board membersPt VI · Ln 1a
- 6Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13No
- Document retention policyPt VI · Ln 14No
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Researching and discussing the US dollar's role in digital currency.
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Where the work happens
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.
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.
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.
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Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest Viewing | $391K | $473K | -65% | 990 PDF |
| FY2023 | $1.1M | $1.4M | +82% | 990 PDF |
| FY2022 | $617K | $1.1M | -38% | 990 PDF |
| FY2021 | $1.0M | $202K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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