Civic Intelligence

Drive Change Inc.

990 • Fiscal year 2021 • EIN 46-4691123

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

630 Flushing AvenueBrooklyn, NY 11206

(347) 696-0943

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.56x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.36x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Net Margin

11th percentile

-12%

Higher net margin than 11% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$128,617

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Asset Growth

5th percentile

-21%

Faster asset growth than 5% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-35%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$654,425

Down $171,588 (-21%) from 2020

Net Assets

Down

$288,768

Down $121,476 (-30%) from 2020

Liabilities

Down

$365,657

Down $50,112 (-12%) from 2020

Revenue

Down

$1,020,540

Down $553,806 (-35%) from 2020

Expenses

Down

$1,142,016

Down $85,196 (-6.9%) from 2020

Net Income

Down

-$121,476

Down $468,610 (-135%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $121,039Liabilities 2014: $42,064Net Assets 2014: $78,9752014Assets 2015: $136,089Liabilities 2015: $70,806Net Assets 2015: $65,2832015Assets 2016: $452,779Liabilities 2016: $47,739Net Assets 2016: $405,0402016Assets 2017: $471,293Liabilities 2017: $72,493Net Assets 2017: $398,8002017Assets 2018: $394,721Liabilities 2018: $430,917Net Assets 2018: -$36,1962018Assets 2019: $392,176Liabilities 2019: $329,066Net Assets 2019: $63,1102019Assets 2020: $826,013Liabilities 2020: $415,769Net Assets 2020: $410,2442020Assets 2021: $654,425Liabilities 2021: $365,657Net Assets 2021: $288,7682021Assets 2022: $2,511,671Liabilities 2022: $1,661,740Net Assets 2022: $849,9312022Assets 2023: $3,384,978Liabilities 2023: $1,564,023Net Assets 2023: $1,820,9552023Assets 2024: $3,544,351Liabilities 2024: $1,460,997Net Assets 2024: $2,083,3542024

Highlighted filing

2021

Assets$654,425
Liabilities$365,657
Net Assets$288,768

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $454,367Expenses 2014: $375,392Net Income 2014: $78,9752014Revenue 2015: $677,451Expenses 2015: $691,143Net Income 2015: -$13,6922015Revenue 2016: $835,672Expenses 2016: $495,915Net Income 2016: $339,7572016Revenue 2017: $684,909Expenses 2017: $691,149Net Income 2017: -$6,2402017Revenue 2018: $653,073Expenses 2018: $1,088,069Net Income 2018: -$434,9962018Revenue 2019: $1,397,256Expenses 2019: $1,297,950Net Income 2019: $99,3062019Revenue 2020: $1,574,346Expenses 2020: $1,227,212Net Income 2020: $347,1342020Revenue 2021: $1,020,540Expenses 2021: $1,142,016Net Income 2021: -$121,4762021Revenue 2022: $1,837,612Expenses 2022: $1,259,555Net Income 2022: $578,0572022Revenue 2023: $2,673,780Expenses 2023: $1,789,886Net Income 2023: $883,8942023Revenue 2024: $3,016,487Expenses 2024: $2,599,509Net Income 2024: $416,9782024

Highlighted filing

2021

Revenue$1,020,540
Expenses$1,142,016
Net Income-$121,476
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$1,020,540
Mission and Program Overview

Mission

To reduce the recividism rate among formerly-incarcerated youth and increase post-incarceration employment opportunities to enable these youth to build successful futures.

To reduce the recidivism rate among formerly incarcerated youth, and increase post incarceration employment opportunities to enable these youth to build successful futures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$683,987$542,322▼ $141,665
Pledges and Grants Receivable$96,534$65,319▼ $31,215
Land, Buildings, and Equipment, Net$31,561$20,710▼ $10,851
Prepaid Expenses and Deferred Charges-$12,143-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$826,013$654,425▼ $171,588
Other Assets Total$13,931$13,931→ $0
Liabilities
Other Liabilities$372,453--
Unsecured Notes Loans Payable-$313,449-
Accounts Payable and Accrued Expenses$43,316$37,404▼ $5,912
Mortgage Notes Payable Secured by Investment Property-$14,804-
Total Liabilities$415,769$365,657▼ $50,112
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$410,244$288,768▼ $121,476
Total Net Assets Fund Balance$410,244$288,768▼ $121,476
Total Liabilities and Net Assets / Fund Balance$826,013$654,425▼ $171,588

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,773$99,504$119,277
Leasehold Improvements-$49,381$49,381
Other Land Buildings$937$9,863$10,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jordyn LextonCEOPT$123,846$4,771$128,617
Kimberly MorenoCOOFT$107,019-$107,019

Board Members and Trustees

NameTitle
George SuttlesChairman
Kim DipaloExecutive Director
Michael HurwitzTrustee
Ethan FinkelsteinSecretary
Rose DestefanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$978,021
Program Service Revenue
$42,519
Investment Income
$0
Other Revenue
$0
All Other Contributions
$523,485
Change in Net Assets
$-121,476

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,020,540
Total Revenue per Audited Statements
$1,020,540
Total Revenue per Form 990
$1,020,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$645,304
Other Expenses$496,712
Total Fundraising Expense$115,599
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$226,344$62,185$37,452$325,981
Current Officers, Directors, Trustees, and Key Employees$164,945$44,771$25,920$235,636
Fees for Services Other$93,387$20,527$16,656$130,570
Occupancy$79,273$14,826$13,511$107,610
Payroll Taxes$31,450$12,830$4,942$49,222
Other Employee Benefits$22,168$10,512$1,785$34,465
Insurance$20,784$3,887$3,542$28,213
Other Expenses$14,130$8,716$693$14,130
Depreciation Depletion-$10,852-$10,852
Interest-$3,834$4,673$8,507
Conferences and Meetings$1,610$233$150$1,993
All Other Expenses$465$1,003-$1,468
Advertising-$1,295-$1,295
Total Functional Expenses$760,313$266,104$115,599$1,142,016

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,142,016
Total Expenses per Audited Statements$1,142,016
Total Expenses per Form 990$1,142,016
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is furnished to the full board and is reviewed by at least one member of the board prior to being filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers and key employees are required to disclose in writing on an annual basis interests that could give rise to conflicts.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Organization's Governing documents, policies and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Drive Change Inc
EIN
46-4691123
Phone
3476960943
Address
630 FLUSHING AVENUE, BROOKLYN, NY 11206

Signing Officer

Name
Kim Dipalo
Title
Executive Director
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
4
Independent Board Members
4
Employees
20

Preparer

Firm
Cullari Carrico LLC
Address
55 Lane Road Ste 300, Fairfield, NJ 07004
Preparer
Robert J Valas
Phone
9734063955
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization adheres to FASB ASC Topic 740, Income Taxes, which provides guidance and clarification on accounting for uncertainty in income taxes recognized in the Organizations financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, disclosure and transition. For the year ended December 31, 2021, the Organization has no material uncertain tax positions to be accounted for in the financial statements.

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IRS990/OtherExpensesGrp/TotalAmt225751
IRS990/OtherExpensesGrp/TotalAmt314130
IRS990/OtherLiabilitiesGrp/BOYAmt0372453
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt037452
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062185
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0226344
IRS990/OtherSalariesAndWagesGrp/TotalAmt0325981
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt04942
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012830
IRS990/PayrollTaxesGrp/ProgramServicesAmt031450
IRS990/PayrollTaxesGrp/TotalAmt049222
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt096534
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt065319
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012143
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042519
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IRS990/PYContributionsGrantsAmt01574346
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherExpensesAmt0393256
IRS990/PYRevenuesLessExpensesAmt0347134
IRS990/PYSalariesCompEmpBnftPaidAmt0833956
IRS990/PYTotalExpensesAmt01227212
IRS990/PYTotalRevenueAmt01574346
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-121476
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0978021
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01574346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02552367
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt042519
IRS990ScheduleA/OtherIncome170Grp/TotalAmt042519
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt02552367
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0978021
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01574346
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02552367
IRS990ScheduleA/TotalSupportAmt02594886
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt019773
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099504
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119277
IRS990ScheduleD/ExpensesSubtotalAmt01142016
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049381
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt049381
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0937
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09863
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010800
IRS990ScheduleD/RevenueSubtotalAmt01020540
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization adheres to FASB ASC Topic 740, Income Taxes, which provides guidance and clarification on accounting for uncertainty in income taxes recognized in the Organizations financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, disclosure and transition. For the year ended December 31, 2021, the Organization has no material uncertain tax positions to be accounted for in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020710
IRS990ScheduleD/TotalExpensesPerForm990Amt01142016
IRS990ScheduleD/TotalRevenuePerForm990Amt01020540
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01020540
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01142016
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is furnished to the full board and is reviewed by at least one member of the board prior to being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE IN WRITING ON AN ANNUAL BASIS INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization's Governing documents, policies and financial statements are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0760313
IRS990/TotalFunctionalExpensesGrp/TotalAmt01142016
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt0365657
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IRS990/TotalOtherCompensationAmt04771
IRS990/TotalProgramServiceExpensesAmt0760313
IRS990/TotalProgramServiceRevenueAmt042519
IRS990/TotalReportableCompFromOrgAmt0230865
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042519
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01020540
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0826013
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0654425
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0313449
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0630 FLUSHING AVENUE
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011206
IRS990/VotingMembersGoverningBodyCnt04

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