Overview
What is The Data Foundation Inc?
The Data Foundation Inc, based in Washington D.C., is a nonprofit organization with a mission to promote evidence-informed policymaking and open data. They achieve this through research, education, and programming, fostering collaborative thought leadership and advocacy. The organization has partnered with various entities, including Congress and the Executive Branch, to support initiatives related to financial data, open data, data sharing, and usability. They have hosted events, such as the RegTech Data Summit, and published insightful compendiums and survey summaries. Furthermore, The Data Foundation has played a significant role in advocating for data literacy, data governance, and the enactment of key legislation like the National Secure Data Service and the Financial Data Transparency Act. With 13 dedicated employees, they continue to drive innovation in the use of government data.
Official website here: www.datafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
The Data Foundation Inc has achieved a strong 93% rating from Charity Navigator, indicating high levels of accountability and financial health. The organization boasts a perfect score in several areas, including the independence of its board members and no material diversion of assets. Its solid program expense ratio of 82.59% signifies that a significant portion of its funding directly supports its programs, reflecting effective resource allocation.
The organization is noted for its commitment to transparency, having established critical policies such as conflict of interest and whistleblower protections. Additionally, its low fundraising efficiency ratio of $0.03 suggests that it spends very little to raise funds, which is a positive sign for donors looking for impactful charities.
Despite its strong ratings, the Data Foundation Inc received a slightly lower score in areas related to culture and community, indicating some room for improvement. The overall financial health and governance structures are commendable, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Data Foundation Inc legitimate?
The Data Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Data Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $425,285
Professional Fundraising Fees: $0
Other Salaries and Wages: $596,916
For more financial information, click here
Official website here: www.datafoundation.org
What is the mission statement of The Data Foundation Inc?
The mission of The Data Foundation Inc, as stated, is to advocate for evidence-informed policymaking and the promotion of open data. Through their research, collaborative thought leadership, and advocacy programs, they aim to champion the use of open data and evidence-informed public policy to improve society for everyone. The organization has supported various initiatives related to financial data, open data, data sharing, and usability. They have hosted events and brought together experts from different sectors to discuss challenges and solutions related to data usage. Additionally, they have issued reports and summaries from their research and symposiums, encouraged improved data literacy, and supported the enactment of several data-related legislations.
Official website here: www.datafoundation.org
Who is the CEO of The Data Foundation Inc?
Nicholas Hart is the President of The Data Foundation Inc.
Official website here: www.datafoundation.org
What is the revenue of The Data Foundation Inc?
The Data Foundation Inc's revenue in 2022 was $2,033,286.
Official website here: www.datafoundation.org
Who are the executives of The Data Foundation Inc and what are their salaries?
The average compensation at The Data Foundation Inc during 2022 was $78,631. There are 13 employees at The Data Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $326,944
- Related: $0
- Other: $12,330
- Compensation: $76,500
- Related: $0
- Other: $8,534
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $107,500
- Related: $0
- Other: $2,861
Official website here: www.datafoundation.org
Where can I find the form 990 for The Data Foundation Inc?
The Data Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.datafoundation.org
Learn more at the official website: www.datafoundation.org
Mission Statement of The Data Foundation Inc
The Data Foundation, a renowned organization, is committed to fostering evidence-informed policymaking and advocating for open data. Through its mission, the organization champions the utilization of open data and evidence-based public policy, with the ultimate goal of creating a society that benefits everyone. To achieve this, The Data Foundation engages in research, collaborative thought leadership, and advocacy programs. It partners with various sectors, including Congress, the Executive Branch, and industry, academic, and government experts, to develop a collective understanding of the challenges and potential solutions related to data usage and policy implementation.
The Data Foundation's initiatives span across various domains, such as financial data, open data, data sharing, and usability. It hosts events and symposiums that bring together experts to discuss and address the challenges associated with the Evidence Act implementation. The organization also publishes compendiums of insights and perspectives generated from these events. Additionally, The Data Foundation conducts surveys of federal chief data officers and encourages improved data literacy and alignment with data governance strategies in the public sector.
In its advocacy efforts, The Data Foundation has played a significant role in enacting milestone legislation, including the National Secure Data Service and the Financial Data Transparency Act. It supports the implementation of new transparency and data laws and demonstrates innovative strategies for utilizing government data. The organization's mission is essential in promoting the use of open data and evidence-informed public policy, ultimately aiming to improve society for all.
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Impact
July, 2024
The Data Foundation Inc has had a significant impact on promoting evidence-informed policymaking and open data to improve society. This organization has supported numerous efforts related to financial data, open data, data sharing, and usability by engaging with Congress and the Executive Branch. Their events, such as the RegTech Data Summit and Research Symposium on Data and Evidence for Better Government, have brought together leading experts to address various challenges and solutions related to Evidence Act implementation. Additionally, The Data Foundation has played a key role in enacting milestone legislation like the National Secure Data Service and the Financial Data Transparency Act, as well as supporting the implementation of new transparency and data laws. By encouraging improved data literacy and alignment with data governance strategies in the public sector, The Data Foundation is pioneering new strategies for innovating with government data to benefit society as a whole.
This information is meant to be a general summary of The Data Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $208,612
- Gross Receipts: $2,033,286
Assets and Liabilities:
- Total Assets: $1,957,215
- Total Liabilities: $78,645
- Net Assets: $1,878,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Research grants & contracts
Revenue
$98,645
Other contractual services
Revenue
$63,964
Sponsorships (exchange)
Revenue
$46,003
Organization Details
Founding Year
2015
Phone
(202) 964-1120Principal Officer
Nicholas Hart
Main Address
1100 13th St NW, Washington, DC, 20005
Website
www.datafoundation.orgNTEE Category
Code: W02 - Public benefit
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