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Nonprofiteer
← DRIVING FORCE GROUP INC

Form 990 for tax year 2022

Filed by DRIVING FORCE GROUP INC.

Totals

Total revenue
$1,848,912
Total expenses
$1,723,642
Contributions and grants received
$1,283,560
Grants paid
$295,000
Program service revenue
$561,812
Investment income
$3,540
Other revenue
$0
Total assets, end of year
$1,251,633
Total liabilities, end of year
$232,104
Net assets or fund balances, end of year
$1,019,529
Program services expenses (Part IX)
$1,471,481
Management and general expenses
$242,893
Fundraising expenses
$9,268
Program service expenses (Part III)
$1,471,481

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,283,560

  • 2a · Program service revenue: CONTRACT REVENUE

    total $232,812 · related or exempt $232,812

  • 2b · Program service revenue: FISCAL SPONSOR FEES

    total $51,000 · related or exempt $51,000

  • 2c · Program service revenue: MANAGEMENT FEES

    total $278,000 · related or exempt $278,000

  • 3 · Investment income

    total $3,540 · excluded $3,540

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $245,000 · program services $245,000

  • 2 · Grants to domestic individuals

    total $50,000 · program services $50,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $363,958 · program services $324,418 · management and general $33,232 · fundraising $6,308

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $139,955 · program services $124,751 · management and general $12,779 · fundraising $2,425

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,904 · program services $1,697 · management and general $174 · fundraising $33

  • 10 · Payroll taxes

    total $25,907 · program services $23,093 · management and general $2,365 · fundraising $449

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,012 · management and general $2,012

  • 11c · Fees: accounting

    total $48,000 · management and general $48,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $1,840 · management and general $1,840

  • 11g · Fees: other

    total $284,704 · program services $223,830 · management and general $60,874

  • 12 · Advertising and promotion

    total $1,646 · program services $1,232 · management and general $414

  • 13 · Office expenses

    total $14,538 · program services $13,717 · management and general $821

  • 14 · Information technology

    total $13,836 · program services $534 · management and general $13,302

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $47,183 · program services $47,183

  • 17 · Travel

    total $39,608 · program services $2,497 · management and general $37,111

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $396 · program services $396

  • 20 · Interest

    total $8,095 · management and general $8,095

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $18,926 · program services $18,926

  • 23 · Insurance

    total $12,281 · management and general $12,281

  • 24a · Other expenses: PROGRAM DESIGN

    total $324,262 · program services $324,262

  • 24b · Other expenses: FISCAL SPONSORSHIP FEE

    total $51,000 · program services $51,000

  • 24c · Other expenses: PROGRAM AND ACTIVITY SUPPLIES

    total $12,123 · program services $12,123

  • 24d · Other expenses: LICENSES AND FEES

    total $6,583 · program services $134 · management and general $6,449

  • 24e · All other expenses

    total $9,885 · program services $6,688 · management and general $3,144 · fundraising $53

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $414,479 · end of year $505,621

  • 2 · Savings and temporary cash investments

    beginning of year $2,671 · end of year $6,259

  • 3 · Pledges and grants receivable

    beginning of year $185,000 · end of year $50,000

  • 4 · Accounts receivable

    beginning of year $97,693 · end of year $92,581

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,804 · end of year $11,433

  • 10a · Land, buildings and equipment: cost or other basis

    $141,944

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,926

  • 10c · Land, buildings and equipment, net

    beginning of year $82,951 · end of year $123,018

  • 11 · Investments: publicly traded securities

    beginning of year $293,644 · end of year $412,721

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $50,000 · end of year $50,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,030 · end of year $84,675

  • 24 · Unsecured notes and loans payable

    beginning of year $149,103 · end of year $147,429

  • 27 · Net assets without donor restrictions

    beginning of year $429,124 · end of year $381,375

  • 28 · Net assets with donor restrictions

    beginning of year $502,985 · end of year $638,154

Mission and programs · 2022

Mission

DRIVING FORCE GROUP HELPS CREATE AND SUPPORT A SOCIETY IN WHICH ALL PEOPLE ARE EQUAL AND TREATED WITH DIGNITY. THE ORGANIZATION LEVERAGES FUNDERS' PHILANTHROPIC EXPERIENCE, INNATE PASSIONS AND SOCIAL INFLUENCE TO DIRECTLY AFFECT THOSE IN NEED OF SUPPORT. TO THAT END, THE ORGANIZATION IDENTIFIES AND VETS PHILANTHROPIC INITIATIVES AND NONPROFIT ORGANIZATIONS THAT ARE EFFECTIVE, EFFICIENT AND SUSTAINABLE AND MAKES GRANTS TO THOSE ORGANIZATIONS.

Activities or mission (Part I)

HELP CREATE AND SUPPORT A SOCIETY IN WHICH ALL PEOPLE ARE EQUAL AND TREATED WITH DIGNITY.

  • WILLIAMS SISTERS FUND/VERIZON YPRC - CREATING EQUITY THROUGH EDUCATION AND PREVENTING AND EASING THE PAIN CAUSED BY SENSELESS ACTS OF VIOLENCE FROM HER HOMETOWN OF COMPTON TO COUNTRIES LIKE KENYA AND JAMAICA. WILLIAMS HAS USED HER PLATFORM AND RESOURCES TO BUILD AND FUND SCHOOLS, TO COMBAT RACISM IN COMMUNITIES, AND TO HEAL THE VICTIMS AND FAMILY MEMBERS OF THOSE AFFECTED BY VIOLENCE.

    Expenses $465,208 · Revenue $142,000

  • GERALD WALLACE FUND

    Expenses $421,805 · Revenue $84,000

  • WALTON FAMILY FUND

    Expenses $259,898

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JENNY GOLDSTOCK WRIGHT

    CEO

    Total calculated
    $363,958
    From this org
    $363,958
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,958
    Bonus
    $50,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $363,958
  • GEORGE NEMPHOS

    President

    Total calculated
    $0
    Hours/week
    2
  • ISHA PRICE

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
12 June 2023
IRS schema version
2022v5.0
Source object
202341639349301119

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