Totals
- Total revenue
- $2,142,950
- Total expenses
- $1,702,915
- Contributions and grants received
- $2,118,629
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $24,321
- Total assets, end of year
- $1,222,789
- Total liabilities, end of year
- $516,093
- Net assets or fund balances, end of year
- $706,696
- Program services expenses (Part IX)
- $1,054,501
- Management and general expenses
- $428,168
- Fundraising expenses
- $220,246
- Program service expenses (Part III)
- $1,054,501
Program services were 61.9% 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.
-
1e · Government grants (contributions)
$799,754
-
1f · All other contributions, gifts and grants
$1,318,875
-
11a · Other revenue: REFUNDS
total $24,321 · excluded $24,321
-
11e · Other revenue, total
$24,321
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $129,228 · program services $25,846 · management and general $19,384 · fundraising $83,998
-
7 · Other salaries and wages
total $403,551 · program services $226,870 · management and general $164,933 · fundraising $11,748
-
9 · Other employee benefits
total $35,292 · program services $19,958 · management and general $14,508 · fundraising $826
-
10 · Payroll taxes
total $43,159 · program services $20,716 · management and general $15,106 · fundraising $7,337
-
11c · Fees: accounting
total $26,491 · management and general $26,491
-
11g · Fees: other
total $315,538 · program services $145,700 · management and general $118,236 · fundraising $51,602
-
12 · Advertising and promotion
total $17,279 · program services $17,279
-
13 · Office expenses
total $15,602 · management and general $15,602
-
17 · Travel
total $61,841 · program services $61,841
-
19 · Conferences, conventions and meetings
total $357,626 · program services $357,626
-
23 · Insurance
total $7,430 · management and general $7,430
-
24a · Other expenses: ACCELERATOR PROGRAM EXP
total $155,000 · program services $155,000
-
24b · Other expenses: EVENTS
total $59,225 · fundraising $59,225
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $47,330 · program services $23,665 · management and general $23,665
-
24d · Other expenses: PAYROLL SERVICES
total $16,435 · management and general $16,435
-
24e · All other expenses
total $11,888 · management and general $6,378 · fundraising $5,510
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $823,254 · end of year $975,178
-
2 · Savings and temporary cash investments
end of year $100,000
-
4 · Accounts receivable
beginning of year $117,159 · end of year $147,611
-
17 · Accounts payable and accrued expenses
beginning of year $36,773 · end of year $16,093
-
23 · Secured mortgages and notes payable
beginning of year $500,000 · end of year $500,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $403,640 · end of year $706,696
Mission and programs · 2023
Mission
DIVINC'S MISSION IS TO GENERATE SOCIAL AND ECONOMIC EQUITY THROUGH ENTREPRENEURSHIP.
Activities or mission (Part I)
DIVINC SERVES AS A BRIDGE FOR UNDERREPRESENTED ENTREPRENEURS AND THE TECH STARTUP ECOSYSTEM.
-
DIVINC'S PROGRAM INCLUDES AN INTENSIVE 12-WEEK STARTUP ACCELERATOR PROGRAM PROVIDING A UNIQUE CULTURE OF SUPPORT THAT EQUIPS PEOPLE OF COLOR AND WOMEN ENTREPRENEURS WITH STRATEGIES CRITICAL TO CREATING EXCEPTIONAL COMPANIES, DRIVING JOB CREATION, AND CONTRIBUTING TO STRONG ECONOMIC GROWTH. PARTICIPANTS RECEIVE WEEKLY WORKSHOPS, ONE-ON-ONE PROFESSIONAL COACHING, NETWORKING OPPORTUNITIES, AND OTHER ESSENTIAL BUSINESS START-UP RESOURCES. APPROXIMATELY 2,100 PEOPLE WERE SERVED DURING THE YEAR ENDING 3/31/24.
Expenses $1,054,501
As filed on the 2023 return.
Listed in Part VII
-
Juan ThurmanJUAN THURMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Josh Jones-DilworthJOSH JONES-DILWORTH
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kate WilliamsKATE WILLIAMS
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kimbal SmithKIMBAL SMITH
LEGAL
- Total calculated
- $0
- Hours/week
- 1
-
Monique MaleyMONIQUE MALEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark PhillipMARK PHILLIP
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Chris HyamsCHRIS HYAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve GoldsmithSTEVE GOLDSMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brandon Middleton-PrattBRANDON MIDDLETON-PRATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rajiv BalaRAJIV BALA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mercy WakweikaMERCY WAKWEIKA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elisa SepulvedaELISA SEPULVEDA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Preston James IIPRESTON JAMES II
CO-FOUNDER/CEO
- Total calculated
- $117,401
- From this org
- $108,146
- From related orgs
- $0
- Other
- $9,255
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540459349301654
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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