Drive Change Inc
- Assets
- $3.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 59
- Location
- Brooklyn, NY
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 46-4691123
Organization Overview
Drive Change Inc is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Drive Change Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drive Change 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, Drive Change Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE THE RECIDIVISM RATE AMONG FORMERLY INCARCERATED YOUTH, AND INCREASE POST INCARCERATION EMPLOYMENT OPPORTUNITIES TO ENABLE THESE YOUTH TO BUILD SUCCESSFUL FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON-THE-JOB TRAINING AND LONG TERM EMPLOYMENT OF FORMERLY INCARCERATED YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kalilah Moon Executive Dir. | Officer | 40 | $119,904 |
Kimberly Moreno COO | Officer | 36 | $114,808 |
Elizabeth Meltz Trustee | Trustee | 1 | $0 |
George Suttles Chairman | OfficerTrustee | 2 | $0 |
Rose Destefano Treasurer | OfficerTrustee | 1 | $0 |
Ethan Finkelstein Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,564,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,651,893 |
| Total Program Service Revenue | $21,887 |
| 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 | $2,673,780 |
| 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. | $246,147 |
| Compensation of current officers, directors, key employees. | $36,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,457 |
| Payroll taxes | $76,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $382,856 |
| Advertising and promotion | $538 |
| Office expenses | $1,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,874 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,796 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,833 |
| Insurance | $24,278 |
| All other expenses | $0 |
| Total functional expenses | $1,789,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $550,000 |
| Accounts receivable, net | $0 |
| 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 | $16,470 |
| Net Land, buildings, and equipment | $239,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,420,648 |
| Total assets | $3,384,978 |
| Accounts payable and accrued expenses | $169,484 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $1,384,539 |
| Total liabilities | $1,564,023 |
| Net assets without donor restrictions | $1,036,539 |
| Net assets with donor restrictions | $784,416 |
| 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 | $3,384,978 |