Digital Workforce Academy INC EIN 03-0498821

Digital Workforce Academy INC FY2023 filing

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Helps underserved people develop skills, train for jobs, and find employment. For fiscal year 2023 it reported $434K in revenue, $505K in expenses, and $1.9M in net assets.Pt I

Founded
2003
Type
Public charity (501(c)(3)) · Education
Location
Austin, TX
Website
www.dwacademy.org
Filings
6 on file (2020–2023)
Revenue
$434KFY2023
Expenses
$505K
Net assets
$1.9M
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  03-0498821 Public charity (501(c)(3)) Austin, TX Founded 2003
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps underserved people develop skills, train for jobs, and find employment.
Leadership
Melvin White · Executive Director · $38K
Money in and out
$434K revenue, $505K expenses
Bottom line
79% program efficiency
Where the money goes · FY2023
Total revenue
$434K
Pt VIII · Ln 12
Total expenses
$505K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$71K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$434K
FY2023▼ -25%
Expenses
$505K
FY2023▼ -9%
Total assets
$1.9M
FY2023▼ -5%
Total liabilities
$34K
FY2023▼ -18%
Total revenue
$434K
Pt VIII · Ln 12
Total expenses
$505K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$71K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $399K of program spending, described in the organization's own filed words · FY2023.
01

Our exempt goals were exceeded through an extensive outreach program. We were able to train 400 students through phase I and 140 through phase ii for job placement with the region we serve.

$399Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDigital Workforce Academy INC
EINHdr · item D03-0498821
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.dwacademy.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B30)
Ruling yearIRS BMFMay 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$37,738Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
VP President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Melvin White’s $38K as Executive Director is at the 29th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Melvin White$37,738$69,231$88,461$96,154

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$395K · 91%
Contributions & grants$25K · 6%
Other revenue$14K · 3%
Program service revenue91%$395K
Contributions & grants6%$25K
Other revenue3%$14K
Investment income$20
Total revenueLn 12$434K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$399K
Management & general21%$106K
Total functional expensesLn 25$505K

Balance Sheet

Part X · end of year
CashLn 1$323
Total assetsLn 16$1.9M
Total liabilitiesLn 26$34K
Total net assetsLn 32$1.9M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $323 · Operating expenses/yr $505K
0.0 months
Where the money goes
Program services
Program services $399K · Total expenses $505K
79%
Management & General
Management & general $106K · Total expenses $505K
21%
Fundraising
Fundraising $0 · Total expenses $505K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $22K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $434K
6%
Government reliance
Government grants — · Total revenue $434K
Earned-income share
Program service revenue $395K · Total revenue $434K
91%
Investment reliance
Investment income $20 · Total revenue $434K
<0.01%
Program self-sufficiency
Program service revenue $395K · Total expenses $505K
78%
Growth & trend
Revenue growth (YoY)
This year $434K · Prior year $575K
-25%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $434K · Expenses $505K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Melvin White · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $38K · Total expenses $505K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $166K · Total expenses $505K
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth -25%
Investment management fee ratio 0%
Legal fee ratio 5%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$687K revenue · ⤓ 990 PDF
FY2024$914K revenue · ⤓ 990 PDF
FY2023$434K revenue · viewing · ⤓ 990 PDF
FY2022$575K revenue · ⤓ 990 PDF
FY2021$462K revenue · ⤓ 990 PDF
FY2020$581K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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