Civic Intelligence

Divinc

990 • Fiscal year 2023 • EIN 81-3052133

Apr 01, 2022 to Mar 31, 2023 • Filed on Feb 15, 2024

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

86th percentile

0.57x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.39x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

8th percentile

-47%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$89,176

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

6th percentile

-24%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-40%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$940,413

Down $301,760 (-24%) from 2022

Net Assets

Down

$403,640

Down $645,475 (-62%) from 2022

Liabilities

Up

$536,773

Up $343,715 (+178%) from 2022

Revenue

Down

$1,379,462

Down $916,929 (-40%) from 2022

Expenses

Up

$2,026,852

Up $64,242 (+3.3%) from 2022

Net Income

Down

-$647,390

Down $981,171 (-294%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$940,413
Liabilities$536,773
Net Assets$403,640

Operations Trend

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

2023

Revenue$1,379,462
Expenses$2,026,852
Net Income-$647,390
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Feb 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,379,462
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
Cash and Non-Interest-Bearing Accounts$1,040,350$823,254▼ $217,096
Rtn Earn Endowment Incm Other Fnds$1,049,115$403,640▼ $645,475
Accounts Receivable$184,272$117,159▼ $67,113
Prepaid Expenses and Deferred Charges$13,362--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,242,173$940,413▼ $301,760
Other Assets Total$4,189$0▼ $4,189
Liabilities
Mortgage Notes Payable Secured by Investment Property-$500,000-
Accounts Payable and Accrued Expenses$193,058$36,773▼ $156,285
Total Liabilities$193,058$536,773▲ $343,715
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,049,115$403,640▼ $645,475
Total Liabilities and Net Assets / Fund Balance$1,242,173$940,413▼ $301,760
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Preston JamesCo-founder/CEO$83,902$5,274$89,176

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
Heath ButlerBoard Member
Juan ThurmanBoard Member
Julie OliverBoard Member
Kate WilliamsBoard Member
Mark PhillipBoard Member
Mercy WakweikaBoard Member
Roman GonzalezBoard Member
Ezinne Oji UdezueTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,379,462
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,246,165
Change in Net Assets
$-647,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,015,475
Salaries, Compensation, and Employee Benefits$1,011,377
Total Fundraising Expense$253,006
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$252,129$420,215$168,086$840,430
Fees for Services Other$340,824$3,402-$344,226
Conferences and Meetings$251,708$63,615-$315,323
Current Officers, Directors, Trustees, and Key Employees$9,316$32,605$51,236$93,157
Other Employee Benefits$14,059$23,432$9,373$46,864
Travel$38,701--$38,701
Office Expenses-$35,291-$35,291
Payroll Taxes$9,278$15,463$6,185$30,926
Advertising$19,680--$19,680
Occupancy$3,532$14,126-$17,658
Insurance-$7,955-$7,955
Other Expenses$100,000$5,179$2,420$7,599
All Other Expenses-$5,899-$5,899
Fees for Services Accounting-$1,300-$1,300
Total Functional Expenses$1,092,295$681,551$253,006$2,026,852
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
2024-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Preston James Ii
Formed
2016
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
14
Volunteers
40

Preparer

Firm
Avenson Hamann Cpas Llp
Address
7421 BURNET ROAD 522, AUSTIN, TX 78757
Preparer
Catherine Avenson
Phone
5126939131
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract labor: program service expenses 340,824. Management and general expenses 0. Fundraising expenses 0. Total expenses 340,824. Professional fees: program service expenses 0. Management and general expenses 1,455. Fundraising expenses 0. Total expenses 1,455. Recruiting: program service expenses 0. Management and general expenses 1,947. Fundraising expenses 0. Total expenses 1,947.

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IRS990/OtherExpensesGrp/FundraisingAmt12420
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt053069
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15179
IRS990/OtherExpensesGrp/ProgramServicesAmt053068
IRS990/OtherExpensesGrp/ProgramServicesAmt1100000
IRS990/OtherExpensesGrp/TotalAmt0106137
IRS990/OtherExpensesGrp/TotalAmt1100000
IRS990/OtherExpensesGrp/TotalAmt215706
IRS990/OtherExpensesGrp/TotalAmt37599
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0168086
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0420215
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0252129
IRS990/OtherSalariesAndWagesGrp/TotalAmt0840430
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06185
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015463
IRS990/PayrollTaxesGrp/ProgramServicesAmt09278
IRS990/PayrollTaxesGrp/TotalAmt030926
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013362
IRS990/PrincipalOfficerNm0PRESTON JAMES II
IRS990/PriorPeriodAdjustmentsAmt01915
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02296391
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0978169
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0333781
IRS990/PYSalariesCompEmpBnftPaidAmt0984441
IRS990/PYTotalExpensesAmt01962610
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02296391
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-647390
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01049115
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0403640
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0650000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0651005
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0358500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt035000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt07500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01702005
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01379462
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02296037
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01106438
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0278375
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0246379
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05306691
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06853
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06853
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.66810
IRS990ScheduleA/PublicSupportPY509Pct00.71570
IRS990ScheduleA/PublicSupportTotal509Amt03549737
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0650000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0651005
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0420302
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt035000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt07500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01763807
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt061802
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt061802
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01379462
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02296037
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01106438
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0285228
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0246379
IRS990ScheduleA/Total509Grp/TotalAmt05313544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01379462
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02296037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01106438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0285228
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0246379
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05313544
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/ExplanationTxt3CONTRACT LABOR: PROGRAM SERVICE EXPENSES 340,824. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 340,824. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,455. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,455. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,947. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,947.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01242173
IRS990/TotalAssetsEOYAmt0940413
IRS990/TotalAssetsGrp/BOYAmt01242173
IRS990/TotalAssetsGrp/EOYAmt0940413
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01379462
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0253006
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0681551
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01092295
IRS990/TotalFunctionalExpensesGrp/TotalAmt02026852
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0193058
IRS990/TotalLiabilitiesEOYAmt0536773
IRS990/TotalLiabilitiesGrp/BOYAmt0193058
IRS990/TotalLiabilitiesGrp/EOYAmt0536773
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01049115
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0403640
IRS990/TotalOtherCompensationAmt05274

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