Civic Intelligence

Divinc

990 • Fiscal year 2024 • EIN 81-3052133

Apr 01, 2023 to Mar 31, 2024 • Filed on Feb 14, 2025

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

81st percentile

0.42x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.24x

Higher debt load relative to revenue than 70% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

73rd percentile

21%

Higher net margin than 73% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$117,401

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

84th percentile

30%

Faster asset growth than 84% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

55%

Faster revenue growth than 84% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$1,222,789

Up $282,376 (+30%) from 2023

Net Assets

Up

$706,696

Up $303,056 (+75%) from 2023

Liabilities

Down

$516,093

Down $20,680 (-3.9%) from 2023

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin73rd percentile

Revenue

Up

$2,142,950

Up $763,488 (+55%) from 2023

Expenses

Down

$1,702,915

Down $323,937 (-16%) from 2023

Net Income

Up

$440,035

Up $1,087,425 (+168%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2024

Assets$1,222,789
Liabilities$516,093
Net Assets$706,696
Open 2024 Filing

Operations Trend

Revenue Growth84th 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

2024

Revenue$2,142,950
Expenses$1,702,915
Net Income$440,035
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Feb 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,142,950
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$823,254$975,178▲ $151,924
Rtn Earn Endowment Incm Other Fnds$403,640$706,696▲ $303,056
Accounts Receivable$117,159$147,611▲ $30,452
Savings and Temporary Cash Investments-$100,000-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$940,413$1,222,789▲ $282,376
Liabilities
Mortgage Notes Payable Secured by Investment Property$500,000$500,000→ $0
Accounts Payable and Accrued Expenses$36,773$16,093▼ $20,680
Total Liabilities$536,773$516,093▼ $20,680
Net Assets / Fund Balance
Total Net Assets Fund Balance$403,640$706,696▲ $303,056
Total Liabilities and Net Assets / Fund Balance$940,413$1,222,789▲ $282,376
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleBaseOtherTotal
Preston James IiCo-founder/CEO$108,146$9,255$117,401

Board Members and Trustees

NameTitle
Josh Jones-dilworthChair
Kate WilliamsVice-chair
Brandon Middleton-prattBoard Member
Chris HyamsBoard Member
Elisa SepulvedaBoard Member
Mercy WakweikaBoard Member
Monique MaleyBoard Member
Rajiv BalaBoard Member
Steve GoldsmithBoard Member
Kimbal SmithLegal
Mark PhillipSecretary
Juan ThurmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,118,629
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$24,321
All Other Contributions
$1,318,875
Change in Net Assets
$440,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,091,685
Salaries, Compensation, and Employee Benefits$611,230
Total Fundraising Expense$220,246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$226,870$164,933$11,748$403,551
Conferences and Meetings$357,626--$357,626
Fees for Services Other$145,700$118,236$51,602$315,538
Current Officers, Directors, Trustees, and Key Employees$25,846$19,384$83,998$129,228
Travel$61,841--$61,841
Payroll Taxes$20,716$15,106$7,337$43,159
Other Employee Benefits$19,958$14,508$826$35,292
Fees for Services Accounting-$26,491-$26,491
Advertising$17,279--$17,279
Other Expenses$23,665$16,435$59,225$16,435
Office Expenses-$15,602-$15,602
All Other Expenses-$6,378$5,510$11,888
Insurance-$7,430-$7,430
Total Functional Expenses$1,054,501$428,168$220,246$1,702,915
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
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Preston James Ii
Formed
2016
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
10
Volunteers
47

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 145,700. Management and general expenses 106,239. Fundraising expenses 51,602. Total expenses 303,541. Recruiting: program service expenses 0. Management and general expenses 11,997. Fundraising expenses 0. Total expenses 11,997.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0DIVINC'S PROGRAM INCLUDES AN INTENSIVE 12-WEEK STARTUP ACCELERATOR PROGRAM PROVIDING A UNIQUE CULTURE OF SUPPORT THAT EQUIPS PEOPLE OF COLOR AND WOMEN ENTREPRENEURS WITH STRATEGIES CRITICAL TO CREATING EXCEPTIONAL COMPANIES, DRIVING JOB CREATION, AND CONTRIBUTING TO STRONG ECONOMIC GROWTH. PARTICIPANTS RECEIVE WEEKLY WORKSHOPS, ONE-ON-ONE PROFESSIONAL COACHING, NETWORKING OPPORTUNITIES, AND OTHER ESSENTIAL BUSINESS START-UP RESOURCES. APPROXIMATELY 2,100 PEOPLE WERE SERVED DURING THE YEAR ENDING 3/31/24.
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PRESTON JAMES II
IRS990/PriorPeriodAdjustmentsAmt0-136979
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01379462
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01015475
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-647390
IRS990/PYSalariesCompEmpBnftPaidAmt01011377
IRS990/PYTotalExpensesAmt02026852
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01379462
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0440035
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0403640
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0706696
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0550000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0650000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0651005
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0358500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt035000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt02244505
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02118629
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01379462
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02296037
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01106438
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0278375
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07178941
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06853
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06853
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.68760
IRS990ScheduleA/PublicSupportPY509Pct00.66810
IRS990ScheduleA/PublicSupportTotal509Amt04941289
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0550000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0650000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0651005
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0358500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt035000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02244505
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02118629
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01379462
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02296037
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01106438
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0285228
IRS990ScheduleA/Total509Grp/TotalAmt07185794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02118629
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01379462
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02296037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01106438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0285228
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07185794
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 145,700. MANAGEMENT AND GENERAL EXPENSES 106,239. FUNDRAISING EXPENSES 51,602. TOTAL EXPENSES 303,541. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,997. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,997.
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/TotalAssetsBOYAmt0940413
IRS990/TotalAssetsEOYAmt01222789
IRS990/TotalAssetsGrp/BOYAmt0940413
IRS990/TotalAssetsGrp/EOYAmt01222789
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02118629
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0220246
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0428168
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01054501
IRS990/TotalFunctionalExpensesGrp/TotalAmt01702915
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0536773
IRS990/TotalLiabilitiesEOYAmt0516093
IRS990/TotalLiabilitiesGrp/BOYAmt0536773
IRS990/TotalLiabilitiesGrp/EOYAmt0516093
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0403640
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0706696
IRS990/TotalOtherCompensationAmt09255
IRS990/TotalProgramServiceExpensesAmt01054501
IRS990/TotalReportableCompFromOrgAmt0108146
IRS990/TotalRevenueGrp/ExclusionAmt024321
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02142950
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt047
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0940413
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01222789
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt061841
IRS990/TravelGrp/TotalAmt061841
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 W 6TH STREET 1700
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,222,789
Liabilities
$516,093
Net assets
$706,696
Revenue
$2,142,950
Expenses
$1,702,915
Net income
$440,035
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