Hackdiversity Inc
- Assets
- $3.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Boston, MA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2063464
Organization Overview
Hackdiversity Inc is located in Boston, MA. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Hackdiversity Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hackdiversity 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 12/2023, Hackdiversity Inc generated $3.3m in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 75.7% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HACK DIVERSITY CONDUCTS A FELLOWSHIP PROGRAM FOR TECHNOLOGISTS WHO ARE UNDERREPRESENTED IN THE INNOVATION SECTOR. THE FELLOWSHIP PRIMARILY CONSISTS OF ONLINE WORKSHOPS, NETWORKING, PROJECT-BASED LEARNING, AND SKILLS DEVELOPMENT AS FELLOWS PREPARE TO BE PLACED INTO SUMMER INTERNSHIPS WITH TECH COMPANIES SEEKING TO DIVERSIFY THEIR WORKFORCE. THE FELLOWSHIP IS PRIMARILY FUNDED THROUGH PARTNERSHIP REVENUE WITH COMPANIES BASED ON THE NUMBER OF FELLOWS THEY TAKE AS INTERNS, ALONG WITH GRANTS AND CONTRIBUTIONS. HACK.DIVERSITY ALSO CONDUCTS RACIAL EQUITY, DIVERSITY, AND INCLUSION (REDI) TRAINING AND WORKSHOPS FOR PARTNER COMPANIES, TO HELP FOSTER CULTURES OF BELONGING AND TO ELIMINATE PRACTICES THAT CREATE ARBITRARY BARRIERS FOR UNDERREPRESENTED TALENT. THE REDI PROGRAMMING IS PRIMARILY FUNDED THROUGH COMPANY PARTNERSHIP REVENUES AS WELL AS GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOW SUCCESS: OUR FELLOW SUCCESS TEAM EXECUTED THE 2022 COHORT OF HACK.DIVERSITY FELLOWSHIP, A 9-MONTH FELLOWSHIP TO CONNECT UNDERREPRESENTED PROFESSIONALS WITH CAREER RESOURCES AND PAID INTERNSHIPS IN THE TECH INDUSTRY.
OTHER PROGRAMS: PARTNERSHIPS, RACIAL EQUITY, NYC, MARKETING AND PEOPLE & CULTURE.
SENIOR LEADERSHIP TEAM: THE SLT IS RESPONSIBLE FOR STAFF RETENTION, PROGRAM AND MISSION ALIGNMENT, AND THE OVERALL WELL BEING OF THE ORGANIZATION.
STRATEGY: UNDER THE AUSPICES OF OUR STRATEGY AND GROWTH TEAM, WE EXPLORED INNOVATIVE WAYS TO ACHEIVE OUR MISSION, INCLUDING THE LAUNCH OF HACK.HUB (AN ONLINE JOBS AND RESUME SHARING PORTAL).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Liu VP Strategy | OfficerTrustee | 40 | $175,494 |
Meagan Spencer Employee | 1 | $145,822 | |
Hammad Ahmed Clerk | OfficerTrustee | 32 | $127,771 |
Katrina Fludd Employee | 1 | $135,606 | |
Elizabeth Davison Caitlin Employee | 1 | $100,300 | |
Vance Robert Millard Employee | 1 | $100,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $492,297 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,577,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,069,616 |
| Total Program Service Revenue | $1,215,000 |
| Investment income | $58,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$53,557 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,293,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $101,414 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,819 |
| Compensation of current officers, directors, key employees. | $31,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,484,984 |
| Pension plan accruals and contributions | $39,970 |
| Other employee benefits | $255,015 |
| Payroll taxes | $166,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,277 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $352,720 |
| Advertising and promotion | $16,767 |
| Office expenses | $48,091 |
| Information technology | $48,806 |
| Royalties | $0 |
| Occupancy | $61,508 |
| Travel | $69,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,689 |
| All other expenses | $46,316 |
| Total functional expenses | $3,093,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,633,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $612,682 |
| 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 | $41,234 |
| 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 | $3,287,311 |
| Accounts payable and accrued expenses | $153,895 |
| Grants payable | $0 |
| Deferred revenue | $17,000 |
| 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 | $170,895 |
| Net assets without donor restrictions | $2,594,389 |
| Net assets with donor restrictions | $522,027 |
| 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 | $3,287,311 |