Civic Intelligence

Didtechnology Inc.

990 • Fiscal year 2021 • EIN 47-2669712

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

C/O Chapkin Accounting PO Box 71181Marietta, GA 30007

(201) 292-4224

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

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

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

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

Net Margin

27th percentile

4.6%

Higher net margin than 27% of similar nonprofits.

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

Top Officer Pay

73rd percentile

$117,673

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

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

Asset Growth

18th percentile

0.9%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

96th percentile

246%

Faster revenue growth than 96% of similar nonprofits.

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

Assets

Up

$1,752,817

Up $15,319 (+0.9%) from 2020

Net Assets

Up

$1,711,395

Up $95,522 (+5.9%) from 2020

Liabilities

Down

$41,422

Down $80,203 (-66%) from 2020

Revenue

Up

$2,077,677

Up $1,477,966 (+246%) from 2020

Expenses

Up

$1,982,155

Up $413,554 (+26%) from 2020

Net Income

Up

$95,522

Up $1,064,412 (+110%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $108,798Liabilities 2016: $0Net Assets 2016: $108,7982016Assets 2017: $734,963Liabilities 2017: $11,070Net Assets 2017: $723,8932017Assets 2018: $1,171,118Liabilities 2018: $17Net Assets 2018: $1,171,1012018Assets 2019: $2,610,811Liabilities 2019: $26,048Net Assets 2019: $2,584,7632019Assets 2020: $1,737,498Liabilities 2020: $121,625Net Assets 2020: $1,615,8732020Assets 2021: $1,752,817Liabilities 2021: $41,422Net Assets 2021: $1,711,3952021Assets 2022: $2,792,833Liabilities 2022: $189,399Net Assets 2022: $2,603,4342022Assets 2023: $547,898Liabilities 2023: $192,325Net Assets 2023: $355,5732023Assets 2024: $411,551Liabilities 2024: $194,797Net Assets 2024: $216,7542024

Highlighted filing

2021

Assets$1,752,817
Liabilities$41,422
Net Assets$1,711,395

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2016: $206,659Expenses 2016: $97,861Net Income 2016: $108,7982016Revenue 2017: $1,055,868Expenses 2017: $434,799Net Income 2017: $621,0692017Revenue 2018: $1,560,457Expenses 2018: $1,113,249Net Income 2018: $447,2082018Revenue 2019: $2,579,092Expenses 2019: $1,165,430Net Income 2019: $1,413,6622019Revenue 2020: $599,711Expenses 2020: $1,568,601Net Income 2020: -$968,8902020Revenue 2021: $2,077,677Expenses 2021: $1,982,155Net Income 2021: $95,5222021Revenue 2022: $4,136,416Expenses 2022: $3,244,377Net Income 2022: $892,0392022Revenue 2023: $1,719,295Expenses 2023: $3,967,156Net Income 2023: -$2,247,8612023Revenue 2024: $1,526,855Expenses 2024: $1,665,674Net Income 2024: -$138,8192024

Highlighted filing

2021

Revenue$2,077,677
Expenses$1,982,155
Net Income$95,522
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$2,077,677
Mission and Program Overview

Mission

Didtechnology, a social enterprise founded in 2013, takes an innovative, transformative approach to economic empowerment by encouraging black and latina women to own their economic security through entrepreneurship and innovation. No other organization captures data on the progress of black and latina tech enabled founders from the top of the startup funnel (idea) through the subsequent phases. Didtechnology accomplishes this goal by boldly empowering black and latina women to think big through projectdiane data research initiative, the big innovation center, a 4,000 square foot space located in downtown atlanta in the historic hurt building, and the big incubator program for high-growth companies led by black and latina women.

To use innovation to create system change by catalyzing economic growth for black and latinx communities through women entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,469,989$1,438,671▼ $31,318
Cash and Non-Interest-Bearing Accounts$104,076$206,982▲ $102,906
Land, Buildings, and Equipment, Net$66,658$58,325▼ $8,333
Savings and Temporary Cash Investments$76,339$28,402▼ $47,937
Intangible Assets$7,500$7,500→ $0
Prepaid Expenses and Deferred Charges$2,936$2,937▲ $1
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,737,498$1,752,817▲ $15,319
Other Assets Total$10,000$10,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$105,241$32,814▼ $72,427
Other Liabilities$16,384$8,608▼ $7,776
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$121,625$41,422▼ $80,203
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,488,555$1,504,354▲ $15,799
Net Assets Without Donor Restrictions$127,318$207,041▲ $79,723
Total Net Assets Fund Balance$1,615,873$1,711,395▲ $95,522
Total Liabilities and Net Assets / Fund Balance$1,737,498$1,752,817▲ $15,319

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,303$20,770$50,073
Equipment$26,301$14,452$40,753
Leasehold Improvements$2,721$1,469$4,190
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danielle Jacksondirector of evaluationFT$108,727$8,946$117,673

Board Members and Trustees

NameTitle
Elan NievesBoard Chair
Alex MillerFinance Committee Chair
Angela Nursedirector
Jasmin AllenDirector
Larry Wilsondirector
Yemi AkisanyaDirector
Lauren MaillianCEO

Highest Paid Contractors

ContractorServicesLocationCompensation
Lmb GroupManagement ServicesPALMERAS SUITE 601, Rq$231,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,055,847
Program Service Revenue
$21,768
Investment Income
$62
Other Revenue
$0
All Other Contributions
$1,779,689
Change in Net Assets
$95,522

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,077,677
Total Revenue per Audited Statements
$2,077,677
Total Revenue per Form 990
$2,077,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,390,480
Salaries, Compensation, and Employee Benefits$591,675
Total Fundraising Expense$118,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$402,587$100,359$40,818$543,764
Other Salaries and Wages$418,625$53,757$38,134$510,516
Fees for Services Management$205,822$26,430$18,749$251,001
Information Technology$82,074$72,792$1,422$156,288
Fees for Services Accounting-$100,090-$100,090
Occupancy$69,405$14,336-$83,741
Fees for Services Legal-$71,934-$71,934
Payroll Taxes$38,094$4,892$3,470$46,456
Other Employee Benefits$28,457$3,654$2,592$34,703
Conferences and Meetings$25,224$2,500-$27,724
Depreciation Depletion$14,841--$14,841
Travel$7,518$2,085$4,307$13,910
Office Expenses$9,243$1,771-$11,014
Insurance-$9,670-$9,670
Advertising$500-$9,109$9,609
Other Expenses$323$3,852$201$4,376
All Other Expenses$3,556$592-$4,148
Total Functional Expenses$1,392,733$470,620$118,802$1,982,155

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,982,155
Total Expenses per Audited Statements$1,982,155
Total Expenses per Form 990$1,982,155
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lmb GroupOwned by CEOManagement ServicesNo$231,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$8,608
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Line 3

The organization engaged lmb group for ceo functions performed by lauren mailland, as described in schedule l.

Form 990, Part VI, Line 11B

A copy of the form 990 will be sent to each board member for review before it is filed.

Form 990, Part VI, Line 12C

Enforcement of conflicts policy: independent board members regularly monitor and enforce this policy.

Form 990, Part VI, Line 15A

Compensation process for top official: comparable salaries were researched and the board votes on the compensation.

Form 990, Part VI, Line 15B

Compensation process for officers: comparable salaries were researched and the board votes on the compensation.

Form 990, Part VI, Line 19

Governing documents disclosure explanation: available upon request

Form 990, Part VIII, Line 1E

As part of the cares act, employers have the option to participate in the employee retention credit ("erc"). The erc is a benefit provided through payroll tax credits to encourage maintaining employee headcounts throughout the coronavirus pandemic. The organization treated the erc as a conditional grant and recorded revenue when the conditions were substantially met. During 2021, the organization met the conditions required by the erc and recognized revenue and an associated receivable of $161,373 in the accopanying financial statements. In april 2020, the organization obtained a small business administration ("sba") loan under the paycheck protection program ("ppp") totaling $114,785. The ppp loan bore interest at 1% and followed the repayment terms outlined by the cares act and payroll protection program flexibility act ("pppfa"). The organization applied for ppp loan proceeds to be forgiven with its lending institution as the proceeds were used within a specified timeframe to cover certain payroll and other expenses as outlined in the cares act and the pppfa. The organization received formal notification that all ppp proceeds have been forgiven and accordingly, has recognized the funds as grant revenues within the accompanying statement of activities during 2020. In marh 2021, the organization obtained a second sba loan under the ppp totaling $114,785. The second ppp loan bore interest at 1% and followed the repayment terms outlined by the cares act and pppfa. The organization applied for ppp loan proceeds to be forgiven with its lending institution as the proceeds were used within a specified timeframe to cover certain payroll and other expenses as outlined in the cares act and pppda. In march 2022, the organization received formal notification that all ppp proceeds have been forgiven and accordingly, has recognized the funds as grant revenues.

Filing and Contact Details

Filer

Filer Name
Didtechnology Inc
EIN
47-2669712
In Care Of
% CHAPKIN ACCOUNTING SERVICES
Phone
2012924224
Address
C/O CHAPKIN ACCOUNTING PO BOX 71181, MARIETTA, GA 30007

Signing Officer

Name
Lauren Maillian
Title
CEO
Phone
2012924224
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lauren Maillian
Formed
2015
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
10
Volunteers
25

Preparer

Firm
Smith & Howard Pc
Address
271 17TH STREET NW SUITE 1600, ATLANTA, GA 30363
Preparer
Sabre J Linahan
Phone
4048746244
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:program consultants total fees:432701

Form 990 Part IX Line 11G

Description:other professional fees total fees:111063

Financial Statement Notes

PART X, LINE 2:

The organization is recognized as an organization exempt from federal income tax under internal revenue code section 501(c)(3). The organization annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the organization takes meet the definition of an uncertain tax position under the income taxes topic of the financial accounting standards codification. In the normal course of business, the organization is subject to examination by federal and state taxing authorities. The organization believes it is no longer subject to tax examinations for tax years ending before december 31, 2018.

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IRS990/Desc0BIG is our highly competetive 12-week hybrid programed designed for Latina and Black women entrepreneurs who are ready to test their idea to launch to market. We provide founders with our evidence-based curriculum, an immersive experience led by industry leaders, 1:1 mentorship, and exclusive access to a community of founders.
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