Divinc

Organization Overview

Divinc is located in Austin, TX. The organization was established in 2017. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Divinc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Divinc 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 03/2022, Divinc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.7% each year . All expenses for the organization totaled $2.0m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DIVINC SERVES AS A BRIDGE FOR UNDERREPRESENTED ENTREPRENEURS AND THE TECH STARTUP ECOSYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIVINC'S PROGRAM INCLUDES AN INTENSIVE 12-WEEK STARTUP ACCELERATOR PROGRAM PROVIDING A UNIQUE CULTURE OF SUPPORT THAT EQUIPS PEOPLE OF COLOR AND WOMEN ENTREPRENEURS WITH STRATEGIES CRITICAL TO CREATING EXCEPTIONAL COMPANIES, DRIVING JOB CREATION, AND CONTRIBUTING TO STRONG ECONOMIC GROWTH. PARTICIPANTS RECEIVE WEEKLY WORKSHOPS, ONE-ON-ONE PROFESSIONAL COACHING, NETWORKING OPPORTUNITIES, AND OTHER ESSENTIAL BUSINESS START-UP RESOURCES. APPROXIMATELY 600 PEOPLE WERE SERVED DURING THE YEAR ENDING 3/31/22.


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Board, Officers & Key Employees

Name (title)Compensation
Preston James
Co-Founder/ceo
$93,198
Dana Callender
Co-Founder/coo
$0
Ezinne Oji Udezue
Treasurer
$0
Josh Jones-Dilworth
Chair
$0
Monique Maley
Vice-Chair
$0
Dan Graham
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $312,568
All other contributions, gifts, grants, and similar amounts not included above$1,983,823
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,296,391
Total Program Service Revenue$0
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 $2,296,391

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Divinc has recieved totaling $915,165.

Awarding OrganizationAmount
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$475,000
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS

$138,799
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$125,000
The Community Foundation

Boulder, CO

PURPOSE: General operating support and Colorado project

$65,500
Austin Community Foundation

Austin, TX

PURPOSE: UNRESTRICTED

$42,500
Vilcap Inc

Houston, TX

PURPOSE: FINANCIAL SUPPORT FOR EARLY-STAGE SOCIAL VENTURE COMMITTED TO PROMOTING EQUITY AND ECONOMIC WELL-BEING.

$30,000
View Grant Recipient Profile

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