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Nonprofiteer
← DIGITAL NEST INC

Form 990 for tax year 2023

Filed by DIGITAL NEST INC.

Totals

Total revenue
$8,652,216
Total expenses
$5,491,526
Contributions and grants received
$8,329,339
Grants paid
$0
Program service revenue
$36,267
Investment income
$281,165
Other revenue
$5,445
Total assets, end of year
$12,820,227
Total liabilities, end of year
$1,666,222
Net assets or fund balances, end of year
$11,154,005
Program services expenses (Part IX)
$3,993,102
Management and general expenses
$721,403
Fundraising expenses
$777,021
Program service expenses (Part III)
$3,993,102

Program services were 72.7% 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

    $8,329,339

  • 2a · Program service revenue: TECH TRAINING & EDUCATION

    total $36,267 · related or exempt $36,267

  • 3 · Investment income

    total $256,724 · excluded $256,724

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $28,000

  • 7b · Less cost or other basis and sales expenses

    other assets $3,559

  • 7c · Gain or loss

    other assets $24,441

  • 7d · Net gain or loss

    total $24,441 · related or exempt $24,441

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous income

    total $5,445 · related or exempt $5,445

  • 11e · Other revenue, total

    $5,445

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 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 $443,179 · program services $78,015 · management and general $273,600 · fundraising $91,564

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,163,903 · program services $2,696,649 · management and general $9,084 · fundraising $458,170

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $374,148 · program services $274,702 · management and general $51,472 · fundraising $47,974

  • 10 · Payroll taxes

    total $285,124 · program services $220,994 · management and general $25,535 · fundraising $38,595

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $31,515 · program services $5,338 · management and general $23,377 · fundraising $2,800

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $170,917 · program services $28,947 · management and general $126,779 · fundraising $15,191

  • 12 · Advertising and promotion

    total $22,267 · program services $5,315 · management and general $4,783 · fundraising $12,169

  • 13 · Office expenses

    total $99,763 · program services $92,384 · management and general $4,473 · fundraising $2,906

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $249,011 · program services $197,249 · management and general $45,924 · fundraising $5,838

  • 17 · Travel

    total $59,847 · program services $28,710 · management and general $8,404 · fundraising $22,733

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $109,835 · program services $77,983 · management and general $17,574 · fundraising $14,278

  • 23 · Insurance

    total $24,011 · program services $17,045 · management and general $4,456 · fundraising $2,510

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $141,749 · program services $95,076 · management and general $43,596 · fundraising $3,077

  • 24b · Other expenses: SUPPLIES

    total $86,781 · program services $58,494 · management and general $20,077 · fundraising $8,210

  • 24c · Other expenses: software

    total $63,580 · program services $36,286 · management and general $22,462 · fundraising $4,832

  • 24d · Other expenses: EVENTS

    total $40,099 · program services $12,895 · management and general $21,130 · fundraising $6,074

  • 24e · All other expenses

    total $125,797 · program services $67,020 · management and general $18,677 · fundraising $40,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,760 · end of year $652,006

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,206,303 · end of year $4,253,415

  • 4 · Accounts receivable

    beginning of year $53,979 · end of year $30,910

  • 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 $8,371 · end of year $161,827

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

    $822,666

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

    $566,896

  • 10c · Land, buildings and equipment, net

    beginning of year $369,164 · end of year $255,770

  • 11 · Investments: publicly traded securities

    end of year $0

  • 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 $7,651,882 · end of year $7,466,299

  • 17 · Accounts payable and accrued expenses

    beginning of year $382,141 · end of year $362,346

  • 19 · Deferred revenue

    end of year $100,000

  • 25 · Other liabilities

    beginning of year $888,110 · end of year $1,203,876

  • 27 · Net assets without donor restrictions

    beginning of year $6,469,258 · end of year $5,656,791

  • 28 · Net assets with donor restrictions

    beginning of year $1,591,950 · end of year $5,497,214

Mission and programs · 2023

Mission

DIGITAL NEST (NURTURING ENTREPRENEURIAL SKILLS WITH TECHNOLOGY) IS DEDICATED TOPROVIDING EQUAL ACCESS TO TECHNOLOGY AND RESOURCES TO YOUNG PEOPLE IN UNDERSERVED COMMUNITIES. DIGITAL NEST SEEKS TO STIMULATE ECONOMIC DEVELOPMENT BY PROVIDING YOUTH WITH THE TRAINING, WORKFORCE SKILLS, AND INSPIRATION TO REACH THEIR FULL POTENTIAL IN SCHOOL, IN CAREERS, AND IN LIFE.

Activities or mission (Part I)

DIGITAL NEST IS DEDICATED TO PROVIDING EQUAL ACCESS TO TECHNOLOGY AND RESOURCES TO YOUNG PEOPLE IN UNDERSERVED COMMUNITIES.

  • Digital NEST programs teach the skills, provide the resources, and build the network that our members need to be successful in the digital age. Since 2014, we have served more than 4,024 members and alumni who are now a part of a thriving community of successful and creative professionals. Our members build foundational technical and professional skills through hands-on projects and learn to navigate the world of work while making connections that keep them competitive in today's job market. Our members can choose to develop technical skills in Pathways like web development, web design, digital marketing, IT, and video production all while developing knowledge and soft skills to transform the quality of their own lives. They become architects of their own future and contributing members of stronger communities. In the past year, more than 456 members attended our career exploration and career pathway trainings and our youth-led digital media production agency, bizzNEST, generated more than $36,267 in revenue from projects for local clients and created 25 jobs. Furthermore, we have launched programming in Modesto, CA, and have secured a location and hired a Center Director for our next Center in Stockton, CA, which we plan to open in Fall 2024, bringing our total to 5 Centers throughout Central California.

    Expenses $3,993,102 · Revenue $36,267

As filed on the 2023 return.

Listed in Part VII

  • Antonia Franco

    COO

    Total calculated
    $185,616
    From this org
    $171,685
    From related orgs
    $0
    Other
    $13,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,685
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,313
    Nontaxable benefits
    $12,618
    Filer's total
    $185,616
  • Jacob Martinez

    CEO

    Total calculated
    $183,129
    From this org
    $171,675
    From related orgs
    $0
    Other
    $11,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,675
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,815
    Nontaxable benefits
    $7,639
    Filer's total
    $183,129
  • Deborah Grant

    CHIEF DEVELOPMENT

    Total calculated
    $124,231
    From this org
    $124,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Aliyah Nance

    CAO

    Total calculated
    $74,434
    From this org
    $70,698
    From related orgs
    $0
    Other
    $3,736
    Hours/week
    40
  • Matthew Payne

    President

    Total calculated
    $0
    Hours/week
    2
  • Jackie Cruz

    Vice President

    Total calculated
    $0
    Hours/week
    2
  • Diana Pena-Alas

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Jennifer Dacquisto

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Blanca Baltazar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Karen Catlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Ruben Dario-Villa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Robert Fabela

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Tony Nethercutt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Martha Nino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Scott Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Martin Vargas-Vega

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Donna Bebb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Bruce Roberson

    BOARD MEMBER

    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 · Independent compensation consultant
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349305903

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