Digital Nest Inc
- Assets
- $4.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 83
- Location
- Watsonville, CA
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 46-5757256
Organization Overview
Digital Nest Inc is located in Watsonville, CA. The organization was established in 2015. As of 06/2022, Digital Nest Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digital Nest 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 06/2022, Digital Nest Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $4.3m during the year ending 06/2022. 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
DIGITAL NEST IS DEDICATED TO PROVIDING EQUAL ACCESS TO TECHNOLOGY AND RESOURCES TO YOUNG PEOPLE IN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIGITAL NEST PROGRAMS TEACH IMPORTANT 21ST CENTURY WORKPLACE SKILLS. OUR MORE THAN 3,378 MEMBERS ARE PART OF A THRIVING COMMUNITY OF CREATIVE TEACHERS, PROFESSIONALS, PEERS, AND MENTORS. THEY BUILD TECHNICAL AND SOFT SKILLS, GAIN EXPERIENCE, AND MAKE CONNECTIONS THAT HELP THEM OUT-COMPETE OTHER JOB SEEKERS. MEMBERS NOT ONLY ACQUIRE THE SKILLS TO PREPARE THEM FOR THE DIGITAL WORKFORCE, BUT THEY ALSO DEVELOP THE POWER TO TRANSFORM THE QUALITY OF THEIR OWN LIVES. THEY BECOME ARCHITECTS OF THEIR OWN FUTURE AND CONTRIBUTING MEMBERS OF STRONGER COMMUNITIES. SINCE 2014, WE HAVE PLACED MORE THAN 210 STUDENTS IN PAID INTERNSHIPS, CAREER-TRACK JOBS, OR POST-SECONDARY EDUCATION. IN THE PAST YEAR, OUR YOUTH-LED DIGITAL MEDIA PRODUCTION AGENCY, BIZZNEST, GENERATED MORE THAN $185,000 IN REVENUE FROM PROJECTS FOR LOCAL CLIENTS AND CREATED 15 JOBS AND OVER 11,000 HOURS OF PAID ON-THE-JOB TRAINING FOR OUR ADVANCED STUDENTS; MORE THAN 628 STUDENTS ATTENDED OUR CAREER TRAINING WORKSHOPS. MORE THAN 245 YOUNG ADULTS ATTENDED OUR NEST FLIGHT YOUTH WORKFORCE CONFERENCE. FURTHERMORE, WE HAVE HIRED A NEW SITE MANAGER TO LAUNCH OUR NEXT CENTER TO BE LOCATED IN GILROY, CA. OUR CURRENT SCALING GOAL IS TO OPEN TWO MORE CENTERS OVER THE NEXT TWO YEARS, FOR A TOTAL OF FIVE CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Martinez Executive Dir. | OfficerTrustee | 40 | $138,178 |
Matthew Payne President | OfficerTrustee | 2 | $0 |
Jackie Cruz Vp/treasurer | OfficerTrustee | 2 | $0 |
Diana Pena-Alas Treasurer | OfficerTrustee | 2 | $0 |
Jason Book Secretary | OfficerTrustee | 2 | $0 |
Blanca Carr Treasurer | Trustee | 2 | $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 | $2,378,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,378,825 |
| Total Program Service Revenue | $120,334 |
| Investment income | $1,927 |
| 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 | $2,501,736 |
| 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. | $148,670 |
| Compensation of current officers, directors, key employees. | $74,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,408,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $279,816 |
| Payroll taxes | $213,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,328 |
| 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 | $422,874 |
| Advertising and promotion | $13,593 |
| Office expenses | $61,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,053 |
| Travel | $13,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,429 |
| Insurance | $16,846 |
| All other expenses | $100,521 |
| Total functional expenses | $4,342,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,486 |
| Savings and temporary cash investments | $318,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $756,426 |
| 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 | $4,610 |
| Net Land, buildings, and equipment | $226,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,626,511 |
| Total assets | $4,056,459 |
| Accounts payable and accrued expenses | $295,513 |
| 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 | $300,000 |
| Other liabilities | $0 |
| Total liabilities | $595,513 |
| Net assets without donor restrictions | $2,800,776 |
| Net assets with donor restrictions | $660,170 |
| 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 | $4,056,459 |