Diploma Equity Project
- Assets
- $492.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Shelby Township, MI
- Founding
- Data as of
- 06/2023
- EIN
- 86-3315625
Organization Overview
Diploma Equity Project is located in Shelby Township, MI. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diploma Equity Project 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 06/2023, Diploma Equity Project generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $1.1m during the year ending 06/2023. 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
THE ORGANIZATION WORKS WITH K-12, HIGHER EDUCATION AND OTHER COMMUNITY PARTNERS TO DESIGN AND IMPLEMENT PROGRAMS TO IMPROVE RATES OF COLLEGE PERSISTENCE AND COMPLETION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIPLOMA EQUITY PROJECT SUPPORTED TWO PRIMARY INITIATIVES AIMED AT INCREASING THE COLLEGE COMPLETION RATES OF BOTH DETROITERS AND MICHIGANDERS IN SUPPORT OF THE STATES 60 HIGHER EDUCATION ATTAINMENT BY 2030 GOAL AS WELL AS CLOSING THE COMPLETION GAPS FOR STUDENTS BASED ON RACE, INCOME AND GEOGRAPHY. FIRST THE ORGANIZATION SUPPORTED THE IMPLEMENTATION OF DEGREE FORWARD, A COMPETENCY-BASED DEGREE PROGRAM THROUGH SOUTHERN NEW HAMPSHIRE UNIVERSITY THAT PROVIDES A FAST, FLEXIBLE AND ACCREDITED DEGREE PROGRAM FOR WORKING ADULTS AND PAIRS THE ONLINE PROGRAMMING WITH THE WRAP AROUND SUPPORT ADULT STUDENTS NEED TO BE SUCESSFUL LIKE CHILDCARE, TRANSPORTATION, AND COACHING. THE ORGANIZATION ALSO LED THE DETROIT COLLEGE COMPLETION REIMAGINING INITIATIVE, A COLLABORATION AMONG UNIVERSITY AND K-12 PARTNERS TO REDESIGN THE PATHWAYS FOR PARTICIPATING STUDENTS FROM GRADE 9 ALL THE WAY THROUGH COLLEGE COMPLETION AND BOLSTER RATES OF STUDENT SUCESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Ross Treasurer | OfficerTrustee | 20 | $129,350 |
Melissa Hamann Executive Director | OfficerTrustee | 40 | $0 |
Khary Turner President | OfficerTrustee | 2 | $0 |
Jack Elsey Secretary | OfficerTrustee | 2 | $0 |
Carol Goss Member | Trustee | 2 | $0 |
Machion Jackson Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $967,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $289,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,256,480 |
| 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 | $1,256,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $273,484 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $231,432 |
| Office expenses | $2,434 |
| Information technology | $9,361 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,140 |
| All other expenses | $65 |
| Total functional expenses | $1,139,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $4,457 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $492,491 |
| Accounts payable and accrued expenses | $17,704 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,704 |
| Net assets without donor restrictions | $27,348 |
| Net assets with donor restrictions | $447,439 |
| 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 | $492,491 |
Grants Awarded
Over the last fiscal year, Diploma Equity Project has awarded $130,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OAKLAND UNIVERSITY PURPOSE: EDUCATION | $110,000 |
UNIVERSITY PREP SCIENCE & MATH PURPOSE: EDUCATION | $20,000 |