Digital Workforce Academy Inc
- Assets
- $1.9m
- Revenue
- $433.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Austin, TX
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 03-0498821
Organization Overview
Digital Workforce Academy Inc is located in Austin, TX. The organization was established in 2003. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2023, Digital Workforce Academy Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digital Workforce Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Digital Workforce Academy Inc generated $433.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $505.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE HUMAN DEVELOPMENT, TRAINING AND JOB PLACEMENT TO UNDERSERVED DISADVANTAGE POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR EXEMPT GOALS WERE EXCEEDED THROUGH AN EXTENSIVE OUTREACH PROGRAM. WE WERE ABLE TO TRAIN 400 STUDENTS THROUGH PHASE I AND 140 THROUGH PHASE II FOR JOB PLACEMENT WITH THE REGION WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin White Executive Director | Trustee | 40 | $37,738 |
Tawanda Turner President | OfficerTrustee | $0 | |
Claudette Phillips Member | Officer | $0 | |
Randy Vaughn VP President | Officer | $0 | |
Harmon Lisnow Member | Officer | $0 | |
Neeraj Aggarwal Member | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $394,594 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,036 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $433,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,738 |
| Compensation of current officers, directors, key employees. | $37,738 |
| Compensation to disqualified persons | $110,525 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,802 |
| Payroll taxes | $13,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,500 |
| Fees for services: Accounting | $35,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,217 |
| Office expenses | $946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,806 |
| Travel | $13,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,134 |
| Insurance | $8,253 |
| All other expenses | $2,834 |
| Total functional expenses | $505,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $323 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,579 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,707,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,500 |
| Total assets | $1,883,938 |
| Accounts payable and accrued expenses | $7,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,024 |
| Total liabilities | $33,524 |
| Net assets without donor restrictions | $1,850,414 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,883,938 |