Digital Asset Institute
- Assets
- $13.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-4691352
Organization Overview
Digital Asset Institute is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digital Asset Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Digital Asset Institute generated $54.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (68.7%) each year. All expenses for the organization totaled $9.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WHAT WE DO: PROVIDE EDUCATION AND RESEARCH ON THE MOST PRESSING ISSUES FACING THE BLOCKCHAIN TECHNOLOGY AND DIGITAL ASSETS INDUSTRY AND HELP DEVELOP CREATIVE SOLUTIONS.BUILDING BLOCKS: THE CHAMBER OF DIGITAL COMMERCE FOUNDATION IS ADDRESSING THE FOLLOWING KEY TOPICS OF IMPORTANCE TO THE BLOCKCHAIN SECTOR:INTEROPERABILITY: ONE OF THE BIGGEST ISSUES MEMBERS OF THE CHAMBER OF DIGITAL COMMERCE HAVE CONTINUED TO FACE IS INTEROPERABILITY. THERE ARE OVER 1000 BLOCKCHAINS IN EXISTENCE TODAY, ALL OFFERING VARIOUS FEATURES AND CUSTOMIZATION TO SPECIFIC INDUSTRIES. FOR A DIGITAL ECOSYSTEM TO THRIVE, THE EASE OF MOVING ASSETS FROM ONE PLATFORM TO ANOTHER MUST BE FRICTIONLESS. SCALABILITY: IN ORDER FOR BLOCKCHAINS TO ACHIEVE MASS ADOPTION THEY MUST BE ABLE TO SCALE. GENERALLY SPEAKING, TODAY BLOCKCHAINS DO NOT SCALE. THE TWO BIGGEST BLOCKCHAINS BY MARKET CAPITALIZATION, BITCOIN AND ETHEREUM, PROCESS ONLY 7 AND 20 TRANSACTIONS PER SECOND, RESPECTIVELY. THE BLOCKCHAIN COMMUNITY NEEDS A PLATFORM THAT IS REFEREED BY A UNBIASED, NEUTRAL, THIRD PARTY TO PROVIDE TECHNICAL SOLUTIONS TO BLOCKCHAIN SCALING CHALLENGES.DIGITAL SOVEREIGNTY: GOVERNMENTS, CORPORATIONS AND INDIVIDUALS ALIKE DESERVE TO HAVE ACCESS TO THE INTERNET IN A SECURE AND PRIVATE WAY. DIGITAL SOVEREIGNTY IS ABOUT GIVING CONTROL OF DIGITAL ASSETS BACK TO THEIR RIGHTFUL OWNERS. THIS INCLUDES IDENTITY, FINANCIAL INSTRUMENTS, INTELLECTUAL PROPERTY AND ALL OTHER TANGIBLE AND INTANGIBLE ASSETS. HOW WE DO IT: RESEARCH: SUPPORT AND FUNDING FOR CORE DEVELOPERS, SCIENTISTS, ENGINEERS AND OTHER TECHNICAL EXPERTS TO CONTRIBUTE TO THE MOST PRESSING ISSUES FACING THE INDUSTRY, PROVIDING A NEUTRAL PLATFORM TO CURATE RESEARCH AND THOUGHT LEADERSHIP. WE ARE COMMITTED TO EQUITABLE COMPENSATION OF CORE DEVELOPERS RATHER THAN RELYING ON VOLUNTEERS TO RUN MULTI-BILLION-DOLLAR TECHNOLOGY SYSTEMS. WE PROPOSE TO GENERATE FELLOWSHIPS, PROVIDE GRANTS, OFFER SCHOLARSHIPS AND PROVIDE OTHER EQUITABLE SUPPORT TO PROMOTE ADVANCES IN THIS SECTOR.EDUCATION: PRODUCE PROFESSIONAL EDUCATIONAL CONTENT ON MULTIPLE MEDIUMS TO EDUCATE THE PUBLIC ON DIGITAL ASSETS AND BLOCKCHAIN TECHNOLOGIES. WE PROPOSE TO INITIATE CERTIFICATION PROGRAMS FOR BLOCKCHAIN DEVELOPMENT. AMONG EDUCATIONAL INITIATIVES WE PROPOSE TO OFFER HIGH QUALITY CONTENT TO TELEVISION COMMERCIAL AND PUBLIC RADIO, PODCASTS, SOCIAL MEDIA ENGAGEMENT, AND PROVIDE AND UNDERWRITE GUEST SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perianne Boring President | 1 | $0 | |
Michael Cohn Director | 1 | $0 | |
Matthew Roszak Director | 1 | $0 | |
Jon Boring Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,116 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,592 |
| Total expenses | $9,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,791 |
| Other assets | $0 |
| Total assets | $13,790 |
| Total liabilities | $22,546 |
| Net assets or fund balances | -$8,756 |