Civic Intelligence

Divinc

990 • Fiscal year 2022 • EIN 81-3052133

Apr 01, 2021 to Mar 31, 2022 • Filed on Feb 15, 2023

Organization ProfileWWW.DIVINC.ORG
200 W 6th Street 1700Austin, TX 78701

(512) 909-4499

Siviq Scores

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

Liabilities / Assets

64th percentile

0.16x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

50th percentile

0.08x

Higher debt load relative to revenue than 50% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

63rd percentile

15%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$96,554

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

51%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

108%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$1,242,173

Up $416,994 (+51%) from 2021

Net Assets

Up

$1,049,115

Up $333,781 (+47%) from 2021

Liabilities

Up

$193,058

Up $83,213 (+76%) from 2021

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin63rd percentile

Revenue

Up

$2,296,391

Up $1,189,953 (+108%) from 2021

Expenses

Up

$1,962,610

Up $1,385,177 (+240%) from 2021

Net Income

Down

$333,781

Down $195,224 (-37%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$1.5M$1.0M$500K$0Assets 2018: $1,560Liabilities 2018: $02018Assets 2019: $198,428Liabilities 2019: $6,985Net Assets 2019: $191,4432019Assets 2020: $186,388Liabilities 2020: $59Net Assets 2020: $186,3292020Assets 2021: $825,179Liabilities 2021: $109,845Net Assets 2021: $715,3342021Assets 2022: $1,242,173Liabilities 2022: $193,058Net Assets 2022: $1,049,1152022Assets 2023: $940,413Liabilities 2023: $536,773Net Assets 2023: $403,6402023Assets 2024: $1,222,789Liabilities 2024: $516,093Net Assets 2024: $706,6962024Assets 2025: $818,276Liabilities 2025: $624,966Net Assets 2025: $193,3102025

Highlighted filing

2022

Assets$1,242,173
Liabilities$193,058
Net Assets$1,049,115
Open 2022 Filing

Operations Trend

Revenue Growth91st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $55,022Expenses 2018: $55,043Net Income 2018: -$212018Revenue 2019: $246,379Expenses 2019: $56,497Net Income 2019: $189,8822019Revenue 2020: $285,228Expenses 2020: $290,342Net Income 2020: -$5,1142020Revenue 2021: $1,106,438Expenses 2021: $577,433Net Income 2021: $529,0052021Revenue 2022: $2,296,391Expenses 2022: $1,962,610Net Income 2022: $333,7812022Revenue 2023: $1,379,462Expenses 2023: $2,026,852Net Income 2023: -$647,3902023Revenue 2024: $2,142,950Expenses 2024: $1,702,915Net Income 2024: $440,0352024Revenue 2025: $1,319,288Expenses 2025: $1,832,674Net Income 2025: -$513,3862025

Highlighted filing

2022

Revenue$2,296,391
Expenses$1,962,610
Net Income$333,781
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Feb 15, 2023
Return Version
2021v4.2
Gross Receipts
$2,296,391
Mission and Program Overview

Mission

Divinc's mission is to generate social and economic equity through entrepreneurship.

Divinc serves as a bridge for underrepresented entrepreneurs and the tech startup ecosystem.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$715,334$1,049,115▲ $333,781
Cash and Non-Interest-Bearing Accounts$731,248$1,040,350▲ $309,102
Accounts Receivable$80,764$184,272▲ $103,508
Prepaid Expenses and Deferred Charges$13,167$13,362▲ $195
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$825,179$1,242,173▲ $416,994
Other Assets Total$0$4,189▲ $4,189
Liabilities
Accounts Payable and Accrued Expenses$109,845$193,058▲ $83,213
Total Liabilities$109,845$193,058▲ $83,213
Net Assets / Fund Balance
Total Net Assets Fund Balance$715,334$1,049,115▲ $333,781
Total Liabilities and Net Assets / Fund Balance$825,179$1,242,173▲ $416,994
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleBaseOtherTotal
Preston JamesCo-founder/CEO$93,198$3,356$96,554

Board Members and Trustees

NameTitle
Josh Jones-dilworthChair
Monique MaleyVice-chair
Blanca LesmesBoard Member
Brandon Middleton-prattBoard Member
Chris HyamsBoard Member
Dan GrahamBoard Member
Elisa SepulvedaBoard Member
Georgia ThomsenBoard Member
Heath ButlerBoard Member
Juan ThurmanBoard Member
Julie OliverBoard Member
Kate WilliamsBoard Member
Mark PhillipBoard Member
Mercy WakweikaBoard Member
Roman GonzalezBoard Member
Dana CallenderCo-founder/COO
Ezinne Oji UdezueTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,296,391
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,983,823
Change in Net Assets
$333,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$984,441
Other Expenses$978,169
Total Fundraising Expense$151,714
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$547,995$210,165-$758,160
Fees for Services Other$114,262$54,978-$169,240
Current Officers, Directors, Trustees, and Key Employees$33,843-$78,968$112,811
Payroll Taxes$52,825$19,977$6,041$78,843
All Other Expenses$43,680$21,250$4,739$69,669
Other Expenses$28,520$28,520$61,966$57,040
Fees for Services Management-$51,607-$51,607
Other Employee Benefits$24,913$9,714-$34,627
Travel$10,814$10,814-$21,628
Advertising$6,434$5,914-$12,348
Occupancy$2,232$10,042-$12,274
Office Expenses$3,737$3,737-$7,474
Insurance-$3,703-$3,703
Fees for Services Accounting-$1,300-$1,300
Fees for Services Legal-$1,264-$1,264
Total Functional Expenses$1,375,839$435,057$151,714$1,962,610
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Section B, Line 11B

“Form 990 is reviewed by staff and provided to the full board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12

“Board members receive the conflict of interest policy with their board member contracts, and they are expected to recuse themselves from voting on decisions which could benefit them directly.”

Form 990, Part VI, Section C, Line 19

“All required documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Divinc
EIN
81-3052133
Phone
5129094499
Address
200 W 6TH STREET 1700, AUSTIN, TX 78701

Signing Officer

Name
Preston James Ii
Title
CEO
Phone
5129094499
Signed
2023-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Preston James Ii
Formed
2016
Legal Domicile
TX
Voting Board Members
17
Independent Board Members
17
Employees
19
Volunteers
100

Preparer

Firm
Avenson Hamann Cpas Llp
Address
7421 BURNET ROAD 522, AUSTIN, TX 78757
Preparer
Catherine Avenson
Phone
5126939131
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010042
IRS990/OccupancyGrp/ProgramServicesAmt02232
IRS990/OccupancyGrp/TotalAmt012274
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03737
IRS990/OfficeExpensesGrp/ProgramServicesAmt03737
IRS990/OfficeExpensesGrp/TotalAmt07474
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt04189
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09714
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024913
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034627
IRS990/OtherExpensesGrp/Desc0ACCELERATOR PROGRAM EXP
IRS990/OtherExpensesGrp/Desc1ALUMNI PROGRAM
IRS990/OtherExpensesGrp/Desc2SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt061966
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02072
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128520
IRS990/OtherExpensesGrp/ProgramServicesAmt0289169
IRS990/OtherExpensesGrp/ProgramServicesAmt1215343
IRS990/OtherExpensesGrp/ProgramServicesAmt22072
IRS990/OtherExpensesGrp/ProgramServicesAmt328520
IRS990/OtherExpensesGrp/TotalAmt0289169
IRS990/OtherExpensesGrp/TotalAmt1215343
IRS990/OtherExpensesGrp/TotalAmt266110
IRS990/OtherExpensesGrp/TotalAmt357040
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0210165
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0547995
IRS990/OtherSalariesAndWagesGrp/TotalAmt0758160
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06041
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019977
IRS990/PayrollTaxesGrp/ProgramServicesAmt052825
IRS990/PayrollTaxesGrp/TotalAmt078843
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013167
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013362
IRS990/PrincipalOfficerNm0PRESTON JAMES II
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01106438
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0239557
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0529005
IRS990/PYSalariesCompEmpBnftPaidAmt0337876
IRS990/PYTotalExpensesAmt0577433
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01106438
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0333781
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0715334
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01049115
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0651005
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0358500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt035000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt07500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt020250
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01072255
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02296037
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01106438
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0278375
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0246379
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt053023
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03980252
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06853
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08853
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.71570
IRS990ScheduleA/PublicSupportPY509Pct00.71930
IRS990ScheduleA/PublicSupportTotal509Amt02855048
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0651005
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0420302
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt035000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt07500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt020250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01134057
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt061802
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt061802
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02296037
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01106438
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0285228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0246379
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt055023
IRS990ScheduleA/Total509Grp/TotalAmt03989105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02296037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01106438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0285228
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0246379
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt055023
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03989105
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY STAFF AND PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS RECEIVE THE CONFLICT OF INTEREST POLICY WITH THEIR BOARD MEMBER CONTRACTS, AND THEY ARE EXPECTED TO RECUSE THEMSELVES FROM VOTING ON DECISIONS WHICH COULD BENEFIT THEM DIRECTLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL REQUIRED DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0825179
IRS990/TotalAssetsEOYAmt01242173

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,242,173
Liabilities
$193,058
Net assets
$1,049,115
Revenue
$2,296,391
Expenses
$1,962,610
Net income
$333,781
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.82$0.62$0.19$1.32$1.83$0.51
2024Detailed filing. Detailed filing data is available for this year.$1.22$0.52$0.71$2.14$1.70$0.44
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.54$0.40$1.38$2.03$0.65
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.19$1.05$2.30$1.96$0.33
2021Detailed filing. Detailed filing data is available for this year.$0.83$0.11$0.72$1.11$0.58$0.53
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.29$0.29$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.25$0.06$0.19
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.06$0.06$0.00