Exponential Destiny
- Assets
- $152.2k
- Revenue
- $316.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, WY
- Founding
- Data as of
- 12/2023
- EIN
- 87-3381192
Organization Overview
Exponential Destiny is located in Jackson, WY. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exponential Destiny 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, Exponential Destiny generated $316.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $191.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (34.4%) per year over the past 2 years. 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
EXPONENTIAL DESTINY IS AN EDUCATIONAL NON-PROFIT ORGANIZATION PRIMARILY FOUNDED AND LED BY YOUTH ENTREPRENEURS FROM LOW-INCOME AND MARGINALIZED COMMUNITIES EXPLORING THE UNTAPPED POTENTIAL AND POWER OF EMERGING DIGITAL INNOVATIONS AND TOOLS (I.E., VIRTUAL REALITY, CHATGPT) TO DELIVER TRANSFORMATIVE EDUCATIONAL IMPACT, SOCIETAL VALUE, AND POSITIVE CHANGE, ESPECIALLY IN UNDERSERVED COMMUNITIES. OUR MISSION, WHICH WE PURSUE THROUGH RESEARCH-BASED FIELD PROJECTS, CASE- STUDY PILOTS, AND PEER-TO-PEER MENTORSHIP, IS FOCUSED ON THREE DOMAINS: 1. REIMAGINING EDUCATION. 2. BUILDING AWARENESS & EMPATHY FOR SOCIAL CAUSES 3. UPSKILLING YOUTH IN LOW INCOME COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE MENTOR AND TRAIN INDIVIDUALS IN LOW-INCOME AND MARGINALIZED COMMUNITIES ON THE METAVERSE AND XR TECHNOLOGIES WITH THE GOAL TO UPSKILL THEM AS EARLY-ADOPTERS, LEVERAGING THEIR NEW COMPETENCY TO CREATE SOURCES OF PERSONAL INCOME AS METAVERSE ENTREPRENEURS. IN ADDITION, OUR GOAL IS TO PLACE THESE INDIVIDUALS INTO COMPENSATED POSITIONS ON OUR OWN PROJECTS WE PERFORM FOR SCHOOLS AND SOCIAL-IMPACT ORGANIZATIONS. THE INDIVIDUALS WE MENTOR AND UPSKILL ARE FROM THE ACTUAL COMMUNITIES THAT THAT WE WORK WITH, AND THIS CREATES A HIGHLY EFFECTIVE PEER-TO-PEER ELEMENT TO OUR PROJECTS; I.E., A STUDENT WE UPSKILLED WHO RECENTLY GRADUATED FROM A LOW-INCOME SCHOOL IS NOW WORKING WITH US AS A PROJECT LEAD AT THAT SAME SCHOOL TO HELP THEM USE XR TO TRANSFORM EDUCATION AND LEARNIN.
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 |
|---|---|---|---|
Marcus Shingles Director, Ce | OfficerTrustee | $0 | |
Marco Vargas Director | Trustee | $0 | |
Rewa Udoji Director | Trustee | $0 | |
Adam Stevenson Treasurer | Trustee | $0 | |
Sharon Darling Director | Trustee | $0 | |
Marcela Bailey Director | Trustee | $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 | $138,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,101 |
| Total Program Service Revenue | $176,752 |
| 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 | $316,013 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| 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 | $9,093 |
| Advertising and promotion | $2,412 |
| Office expenses | $8,212 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $51,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $682 |
| Interest | $1,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $320 |
| Total functional expenses | $191,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,187 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $152,187 |
| Accounts payable and accrued expenses | $142 |
| 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 | $321 |
| Total liabilities | $463 |
| Net assets without donor restrictions | $151,724 |
| Net assets with donor restrictions | $0 |
| 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 | $152,187 |