Civic Intelligence

Cyversity Inc

EIN 46-5596141 • 501(c)3 • Wakefield, MA

Profile

Our mission is to achieve the consistent representation of women, underrepresented communities, and all veterans in the cybersecurity industry through programs designed to diversify, educate, and empower. Cyversity tackles the 'great cyber divide' with scholarship opportunities, diverse workforce development, innovative outreach, and mentoring programs.

401 Edgewater Place 600Wakefield, MA 01880

cyversity.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.09x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.05x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

56%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

72nd percentile

26%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$406,987

Up $146,274 (+56%) from 2023

Liabilities

Down

$38,282

Down $42,857 (-53%) from 2023

Net Assets

Up

$368,705

Up $189,131 (+105%) from 2023

Revenue

Up

$735,180

Up $151,444 (+26%) from 2023

Expenses

Down

$546,049

Down $447,825 (-45%) from 2023

Net Income

Up

$189,131

Up $599,269 (+146%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2014: $500Liabilities 2014: $0Net Assets 2014: $5002014Assets 2017: $19,924Liabilities 2017: $31,941Net Assets 2017: -$12,0172017Assets 2018: $334,245Liabilities 2018: $2,689Net Assets 2018: $331,5562018Assets 2019: $181,235Liabilities 2019: $46,000Net Assets 2019: $135,2352019Assets 2020: $378,108Liabilities 2020: $2,326Net Assets 2020: $375,7822020Assets 2021: $562,705Liabilities 2021: $56,472Net Assets 2021: $506,2332021Assets 2022: $702,230Liabilities 2022: $112,518Net Assets 2022: $589,7122022Assets 2023: $260,713Liabilities 2023: $81,139Net Assets 2023: $179,5742023Assets 2024: $406,987Liabilities 2024: $38,282Net Assets 2024: $368,7052024

Highlighted filing

2024

Assets$406,987
Liabilities$38,282
Net Assets$368,705

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $0Expenses 2014: $6,400Net Income 2014: -$6,4002014Revenue 2017: $207,945Expenses 2017: $269,731Net Income 2017: -$61,7862017Revenue 2018: $344,684Expenses 2018: $243,590Net Income 2018: $101,0942018Revenue 2019: $424,933Expenses 2019: $332,475Net Income 2019: $92,4582019Revenue 2020: $447,328Expenses 2020: $206,781Net Income 2020: $240,5472020Revenue 2021: $569,541Expenses 2021: $439,090Net Income 2021: $130,4512021Revenue 2022: $920,811Expenses 2022: $837,332Net Income 2022: $83,4792022Revenue 2023: $583,736Expenses 2023: $993,874Net Income 2023: -$410,1382023Revenue 2024: $735,180Expenses 2024: $546,049Net Income 2024: $189,1312024

Highlighted filing

2024

Revenue$735,180
Expenses$546,049
Net Income$189,131

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 26, 2025
Return Version
2024v5.2
Gross Receipts
$735,180
Mission and Program Overview

Mission

To achieve the consistent representation of women and minorities in the cybersecurity industry through programs designed to foster recruitment, inclusion and retention one person at a time.

Dedicated to advancing the diversity, inclusion of women and minorities in the practice and science of cybersecurity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$188,119$374,360▲ $186,241
Prepaid Expenses and Deferred Charges$21,606$17,227▼ $4,379
Accounts Receivable$40,877$10,000▼ $30,877
Land, Buildings, and Equipment, Net$4,711$0▼ $4,711
Total Assets$260,713$406,987▲ $146,274
Other Assets Total$5,400$5,400→ $0
Liabilities
Accounts Payable and Accrued Expenses$81,139$38,282▼ $42,857
Total Liabilities$81,139$38,282▼ $42,857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$179,574$368,705▲ $189,131
Total Net Assets Fund Balance$179,574$368,705▲ $189,131
Total Liabilities and Net Assets / Fund Balance$260,713$406,987▲ $146,274

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$23,877$23,877
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Virtual INCProfessional Services401 EDGEWATER PL STE 600, Wakefield, MA 01880$222,698
Revenue and Support

Revenue Composition

Contributions and Grants
$655,499
Program Service Revenue
$57,305
Investment Income
$0
Other Revenue
$22,376
All Other Contributions
$655,499
Change in Net Assets
$189,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$530,474
Total Fundraising Expense$51,464
Professional Fundraising Fees$15,575
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$236,497--$236,497
Conferences and Meetings$89,928$2,118$2,118$94,164
Fees for Services Management$59,635$7,454$7,454$74,543
Advertising--$26,029$26,029
Information Technology-$19,938-$19,938
Other Expenses$19,627--$19,627
Office Expenses-$16,973-$16,973
Fees for Services Professional Fundraising--$15,575$15,575
Fees for Services Accounting-$5,360-$5,360
Depreciation Depletion-$4,711-$4,711
Travel$2,301$288$288$2,877
Insurance-$594-$594
Total Functional Expenses$437,149$57,436$51,464$546,049
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$15,575
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Cyversity inc. Uses a management company, virtual inc., to perform management duties customarily performed by or under supervision of officers, directors, or key employees including planning and executing budgets and financial operations as well as supervising exempt operations.

Form 990, Part VI, Section A, Line 6

Cyversity inc. Shall establish and maintain the following classes and qualifications of membership, each class with the rights hereinafter provided: regular member. Any person who is interested in, or engaged in, the practice, teaching or other application of cybersecurity, including research concerning cybersecurity, may qualify as a regular member of cyversity inc. Regular members shall have voting rights and may hold any elected or appointed office in cyversity inc. Retiree member. Any person who has been a cyversity inc. Member in good standing for five (5) consecutive years, and who has retired from active employment, qualifies for cyversity, inc. Retiree membership. Retiree members shall have all rights of the regular member class. Student member. Any person currently enrolled as a full-time student in an undergraduate or graduate degree program from an accredited or globally equivalent college or university may qualify for cyversity inc. Student membership. Student members shall have voting rights. Student members shall not be entitled to hold any elected office in cyversity inc., except that student members may hold office and vote within an cyversity inc. Chapter, as may be granted in the chapter bylaws. Associate member. Any person who joins cyversity inc. To access limited privileges pursuant to policies duly adopted by the cyversity inc. Board of directors. Associate members shall not be entitled to exercise any voting rights, and shall not be a candidate for, nor hold any elected or appointed office in cyversity inc.

Form 990, Part VI, Section A, Line 7A

All cyversity inc. Board directors shall be elected by secret ballot by the voting membership of cyversity inc., the results of which shall be announced at the annual membership meeting.

Form 990, Part VI, Section A, Line 7B

Bylaws amendment by membership. Other than clerical changes, all sections of these bylaws relating to the following subjects may be amended only by a vote of a majority of the voting membership of cyversity inc.: purposes and limitations of cyversity inc.; voting rights of members; classes and qualifications of membership; termination or transfer of membership; regular member meetings; amendment of member voting provisions; quorum; action by members; member action by proxy; authority of the cyversity inc. Board of directors; selection and removal of directors; judges of election (nominating committee); voting rights of directors; wind up and distribution (dissolution).

Form 990, Part VI, Section B, Line 11B

No review will be conducted.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Cyversity Inc
EIN
46-5596141
Phone
7812460500
Address
401 EDGEWATER PLACE 600, WAKEFIELD, MA 01880

Signing Officer

Name
Malcolm K Palmore
Title
President
Phone
7812460500
Signed
2025-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Malcolm K Palmore
Formed
2015
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
70

Preparer

Firm
Wegner Cpas Llp
Address
419 N LEE ST, ALEXANDRIA, VA 22314-2301
Preparer
Amanda Vannatta CPA
Phone
7035190990
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contract services: program service expenses 217,932. Management and general expenses 0. Fundraising expenses 0. Total expenses 217,932. Pr services: program service expenses 18,565. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,565.

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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0189131
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt049328
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0GRANT CONSULTANT
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IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0RBW STRATEGY LLC
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt05012 TOTHILL DRIVE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0OLNEY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd020832
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CYVERSITY INC. USES A MANAGEMENT COMPANY, VIRTUAL INC., TO PERFORM MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER SUPERVISION OF OFFICERS, DIRECTORS, OR KEY EMPLOYEES INCLUDING PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS AS WELL AS SUPERVISING EXEMPT OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CYVERSITY INC. SHALL ESTABLISH AND MAINTAIN THE FOLLOWING CLASSES AND QUALIFICATIONS OF MEMBERSHIP, EACH CLASS WITH THE RIGHTS HEREINAFTER PROVIDED: REGULAR MEMBER. ANY PERSON WHO IS INTERESTED IN, OR ENGAGED IN, THE PRACTICE, TEACHING OR OTHER APPLICATION OF CYBERSECURITY, INCLUDING RESEARCH CONCERNING CYBERSECURITY, MAY QUALIFY AS A REGULAR MEMBER OF CYVERSITY INC. REGULAR MEMBERS SHALL HAVE VOTING RIGHTS AND MAY HOLD ANY ELECTED OR APPOINTED OFFICE IN CYVERSITY INC. RETIREE MEMBER. ANY PERSON WHO HAS BEEN A CYVERSITY INC. MEMBER IN GOOD STANDING FOR FIVE (5) CONSECUTIVE YEARS, AND WHO HAS RETIRED FROM ACTIVE EMPLOYMENT, QUALIFIES FOR CYVERSITY, INC. RETIREE MEMBERSHIP. RETIREE MEMBERS SHALL HAVE ALL RIGHTS OF THE REGULAR MEMBER CLASS. STUDENT MEMBER. ANY PERSON CURRENTLY ENROLLED AS A FULL-TIME STUDENT IN AN UNDERGRADUATE OR GRADUATE DEGREE PROGRAM FROM AN ACCREDITED OR GLOBALLY EQUIVALENT COLLEGE OR UNIVERSITY MAY QUALIFY FOR CYVERSITY INC. STUDENT MEMBERSHIP. STUDENT MEMBERS SHALL HAVE VOTING RIGHTS. STUDENT MEMBERS SHALL NOT BE ENTITLED TO HOLD ANY ELECTED OFFICE IN CYVERSITY INC., EXCEPT THAT STUDENT MEMBERS MAY HOLD OFFICE AND VOTE WITHIN AN CYVERSITY INC. CHAPTER, AS MAY BE GRANTED IN THE CHAPTER BYLAWS. ASSOCIATE MEMBER. ANY PERSON WHO JOINS CYVERSITY INC. TO ACCESS LIMITED PRIVILEGES PURSUANT TO POLICIES DULY ADOPTED BY THE CYVERSITY INC. BOARD OF DIRECTORS. ASSOCIATE MEMBERS SHALL NOT BE ENTITLED TO EXERCISE ANY VOTING RIGHTS, AND SHALL NOT BE A CANDIDATE FOR, NOR HOLD ANY ELECTED OR APPOINTED OFFICE IN CYVERSITY INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL CYVERSITY INC. BOARD DIRECTORS SHALL BE ELECTED BY SECRET BALLOT BY THE VOTING MEMBERSHIP OF CYVERSITY INC., THE RESULTS OF WHICH SHALL BE ANNOUNCED AT THE ANNUAL MEMBERSHIP MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BYLAWS AMENDMENT BY MEMBERSHIP. OTHER THAN CLERICAL CHANGES, ALL SECTIONS OF THESE BYLAWS RELATING TO THE FOLLOWING SUBJECTS MAY BE AMENDED ONLY BY A VOTE OF A MAJORITY OF THE VOTING MEMBERSHIP OF CYVERSITY INC.: PURPOSES AND LIMITATIONS OF CYVERSITY INC.; VOTING RIGHTS OF MEMBERS; CLASSES AND QUALIFICATIONS OF MEMBERSHIP; TERMINATION OR TRANSFER OF MEMBERSHIP; REGULAR MEMBER MEETINGS; AMENDMENT OF MEMBER VOTING PROVISIONS; QUORUM; ACTION BY MEMBERS; MEMBER ACTION BY PROXY; AUTHORITY OF THE CYVERSITY INC. BOARD OF DIRECTORS; SELECTION AND REMOVAL OF DIRECTORS; JUDGES OF ELECTION (NOMINATING COMMITTEE); VOTING RIGHTS OF DIRECTORS; WIND UP AND DISTRIBUTION (DISSOLUTION).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 217,932. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 217,932. PR SERVICES: PROGRAM SERVICE EXPENSES 18,565. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,565.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/TerminateOperationsInd00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-26
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