Difference Principle Inc
- Assets
- $1.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Milwaukee, WI
- Founding
- 02/2014
- Data as of
- 12/2022
- EIN
- 46-2088738
Organization Overview
Difference Principle Inc is located in Milwaukee, WI. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Difference Principle Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Difference Principle 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 12/2022, Difference Principle Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 12.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO ACT AS THE PARENT CORPORATION FOR ITS SUBSIDIARY 501(C)(3) ORGANIZATION, PROVIDING ADMINISTRATIVE SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATIVE AND SUPPORTING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doe Gregersen President | OfficerTrustee | 2 | $0 |
Jack Anick Treasurer | OfficerTrustee | 2 | $0 |
Rueben Neese Secretary | OfficerTrustee | 2 | $0 |
Nicholas Sayner Executive Director | OfficerTrustee | 30 | $173,746 |
Edward Gordon Chief Operating Officer | Officer | 30 | $173,746 |
Julie Murdock Chief Human Resource Offic | 30 | $119,627 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sp Milwaukee Propcol Llc Rent | 12/30/21 | $113,887 |
Highland Beach Surfersinc Rent | 12/30/21 | $108,520 |
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 | $42 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42 |
| Total Program Service Revenue | $2,354,812 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,433,444 |
| 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. | $888,151 |
| Compensation of current officers, directors, key employees. | $843,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $809,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,313 |
| Payroll taxes | $121,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,760 |
| Advertising and promotion | $0 |
| Office expenses | $32,026 |
| Information technology | $10,780 |
| Royalties | $0 |
| Occupancy | $75,296 |
| Travel | $35,907 |
| 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 | $3,111 |
| Insurance | $3,778 |
| All other expenses | $0 |
| Total functional expenses | $2,172,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,076,488 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,938 |
| Net Land, buildings, and equipment | $1,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $640,608 |
| Total assets | $1,799,160 |
| Accounts payable and accrued expenses | $76,899 |
| 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 | $649,179 |
| Total liabilities | $726,078 |
| Net assets without donor restrictions | $1,073,082 |
| 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 | $1,799,160 |
Grants Awarded
Over the last fiscal year, Difference Principle Inc has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JUSTICE POINT INC PURPOSE: General Support | $100,000 |
SIRONA RECOVERY INC PURPOSE: General Support | $50,000 |