Digitalc
- Assets
- $2.7m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 55
- Location
- Cleveland, OH
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 81-1731053
Organization Overview
Digitalc is located in Cleveland, OH. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Digitalc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digitalc 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, Digitalc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $8.3m during the year ending 12/2022. 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
EMPOWER THE PEOPLE OF GREATER CLEVELAND TO ACHIEVE SUCCESS THROUGH TECHNOLOGY, INNOVATION AND CONNECTED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPOWERCLE: UTILIZING AN APPLIED RESEARCH MODEL, EMPOWERCLE HAS DEVELOPED A NOVEL FIXED-WIRELESS INTERNET NETWORK USING MULTI-TIERED TECHNOLOGY AND A UNIQUE CORE NETWORK ARCHITECTURE THAT IT INSTALLS IN CLEVELAND'S MOST UNDER CONNECTED NEIGHBORHOODS TO ADDRESS THE DIGITAL DIVIDE. THROUGH PARTNERSHIPS, THE ORGANIZATION ALSO PROVIDES DIGITAL SKILLS TRAINING, DEVICES AND OTHER SERVICES TO ENSURE MEANINGFUL USE.
PLACE-BASED ACTIVATION: THE MIDTOWN TECH HIVE WAS CREATED IN CLOSE PROXIMITY TO SOME OF CLEVELAND'S POOREST AND MOST UNCONNECTED NEIGHBORHOODS. THE RENOVATION OF MORE THAN 13,000 SQUARE FEET OF SPACE PROVIDES INCLUSIVE AND INTENTIONAL PROGRAMMING AROUND DIGITAL LITERACY AND TECHNOLOGY SKILL BUILDING, ALONG WITH VIBRANT CO-WORKING.
SAFE ROUTES TO SCHOOL: WORKS TO IMPROVE CHILDREN'S HEALTH AND SAFETY AND INCREASE THE NUMBER OF STUDENTS WALKING OR BIKING TO SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John King Vice Chair | OfficerTrustee | 2 | $0 |
Lance Frew Exec. Chair | OfficerTrustee | 4 | $0 |
Joe Glick Treasurer | OfficerTrustee | 1 | $0 |
Timothy Green Secretary | OfficerTrustee | 2 | $0 |
Tom Waltermire Director | Trustee | 1 | $0 |
Felton Thomas Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sharon L Sabol-jordan Interim Ceo | 12/30/22 | $113,267 |
Noelia Aguirre Rodas Technology Consulting | 12/30/22 | $114,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,200,000 |
| Government grants | $149,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,300,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,650,183 |
| Total Program Service Revenue | $307,024 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $130,705 |
| 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 | $8,087,912 |
| 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. | $747,843 |
| Compensation of current officers, directors, key employees. | $280,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,661,504 |
| Pension plan accruals and contributions | $83,499 |
| Other employee benefits | $361,717 |
| Payroll taxes | $255,372 |
| Fees for services: Management | $931,242 |
| Fees for services: Legal | $273,388 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $147,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $338,243 |
| Travel | $50,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $899,806 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,312,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $157,088 |
| Accounts receivable, net | $115,750 |
| 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 | $93,101 |
| Net Land, buildings, and equipment | $1,896,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $39,243 |
| Other assets | $140,198 |
| Total assets | $2,699,517 |
| Accounts payable and accrued expenses | $902,408 |
| Grants payable | $0 |
| Deferred revenue | $779,889 |
| 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 | $120,454 |
| Total liabilities | $1,802,751 |
| Net assets without donor restrictions | $555,195 |
| Net assets with donor restrictions | $341,571 |
| 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 | $2,699,517 |