Drive Change Inc
- Assets
- $654.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Brooklyn, NY
- Founding
- 02/2015
- Data as of
- 12/2021
- 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 12/2021, Drive Change Inc employed 20 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 12/2021, Drive Change Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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
2021
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 |
|---|---|---|---|
Jordyn Lexton CEO | Officer | 24 | $123,846 |
Kimberly Moreno COO | Officer | 40 | $107,019 |
Ethan Finkelstein Secretary | OfficerTrustee | 1 | $0 |
Rose Destefano Treasurer | OfficerTrustee | 1 | $0 |
George Suttles Chairman | OfficerTrustee | 1 | $0 |
Kim Dipalo Executive Dir. | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $454,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $523,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $978,021 |
| Total Program Service Revenue | $42,519 |
| 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 | $1,020,540 |
| 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. | $235,636 |
| Compensation of current officers, directors, key employees. | $44,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,465 |
| Payroll taxes | $49,222 |
| 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 | $130,570 |
| Advertising and promotion | $1,295 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,610 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,993 |
| Interest | $8,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,852 |
| Insurance | $28,213 |
| All other expenses | $1,468 |
| Total functional expenses | $1,142,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $65,319 |
| 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 | $12,143 |
| Net Land, buildings, and equipment | $20,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,931 |
| Total assets | $654,425 |
| Accounts payable and accrued expenses | $37,404 |
| 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 | $14,804 |
| Unsecured mortgages and notes payable | $313,449 |
| Other liabilities | $0 |
| Total liabilities | $365,657 |
| Net assets without donor restrictions | $288,768 |
| 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 | $654,425 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Drive Change Inc has recieved totaling $480,500.
| Awarding Organization | Amount |
|---|---|
Kohlberg Foundation Inc Armonk, NY PURPOSE: WORKING CAPITAL AND CASHFLOW SUPPORT. | $150,000 |
Kohlberg Foundation Inc Armonk, NY PURPOSE: WORKING CAPITAL AND CASHFLOW SUPPORT. | $150,000 |
Tikkun Olam Foundation Inc New York, NY PURPOSE: TO SUPPORT GENERAL OPERATIONS | $100,000 |
Restaurant Workers Community Foundation Inc New York, NY PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION. | $30,000 |
Pinkerton Foundation New York, NY PURPOSE: PRESIDENT'S DISCRETIONARY | $15,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
National Automatic Sprinkler Industry Apprentice And Training New Milford, CT | $8,318,559 | $7,669,959 |