Driving Force Group INC EIN 45-4641567 Form 990 (PDF) Claim this org

Driving Force Group INC

Not yet claimed Claim this org →

Promotes equality and dignity for all people in society. For fiscal year 2024 it reported $1.5M in revenue, $1.7M in expenses, and $500K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Rockville, MD
Website
www.drivingforcegroup.org
Filings
5 on file (2020–2024)
Revenue
$1.5MFY2024
Expenses
$1.7M
Net assets
$500K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4641567 Public foundation / grantmaker Rockville, MD
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Driving Force Group INC claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Promotes equality and dignity for all people in society.
Leadership
Jennifer Goldstock Wright · CEO · $275K
Money in and out
$1.5M revenue, $1.7M expenses
Bottom line
69% program efficiency
Grants paid & assets · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$500K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$192K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.24 Fundraising $0.07
Program efficiency
69%
of spending reaches programs▼ -20% vs prior filing year
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▲ +52% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +16%
Expenses
$1.7M
FY2024▲ +3%
Total assets
$818K
FY2024▼ -11%
Total liabilities
$318K
FY2024▲ +35%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$500K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$192K
Total assetsPt X · Ln 16$818K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDriving Force Group INC
EINHdr · item D45-4641567
Principal addressHdr · item CRockville, MD
WebsiteHdr · item Jwww.drivingforcegroup.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFDec 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
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
$275,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jennifer Goldstock Wright’s $275K as CEO is at the 93rd percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jennifer Goldstock Wright$438,569
Jenny Goldstock Wright$363,958$315,385$200,000
Jennifer Goldstock Wright$275,000
Dandre Phillips$102,315
Kellee Kemp$101,625

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.

See Driving Force Group INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $588K of program spending, described in the organization's own filed words · FY2024.
01

Yetunde Price Resource Center (yprc)

A sponsored project of Driving Force Group, named in honor of Venus and Serena Williams' older sister, who passed far too young. The goal of the initiative is to support organizations and communities working to address families and individuals impacted by trauma.

$325Kprogram expense
02

Alice Community Center

ALICE's mission is to advance economic mobility, expand access to education and workforce development, and enhance community wellbeing for the residents of Childersburg and the surrounding area of Talladega County.

$222Kprogram expense
03

Dameology+

Dameology+ was started by Damian Jones to improve access to STEM education and create community engagement opportunities for underserved middle and high school students in the Baton Rouge community. Damian provides innovative and impactful resources and opportunities to ensure young people in Baton Rouge are on a path to upward mobility.

$42Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$1.0M · 69%
Program service revenue$495K · 34%
Contributions & grants69%$1.0M
Program service revenue34%$495K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.24 Fundraising $0.07
Program services69%$1.1M
Management & general24%$393K
Fundraising7%$119K
Total functional expensesLn 25$1.7M

Balance Sheet

Part X · end of year
CashLn 1$619K
Total assetsLn 16$818K
Total liabilitiesLn 26$318K
Total net assetsLn 32$500K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $808K · Operating expenses/yr $1.7M
5.8 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.7M
69%
Management & General
Management & general $393K · Total expenses $1.7M
24%
Fundraising
Fundraising $119K · Total expenses $1.7M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $46K · Solicited contributions (3-yr avg) $871K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $1.5M
69%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $495K · Total revenue $1.5M
34%
Investment reliance
Investment income $-47K · Total revenue $1.5M
-3%
Program self-sufficiency
Program service revenue $495K · Total expenses $1.7M
30%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.3M
+16%
Revenue CAGR
FY2020 $1.2M · FY2024 $1.5M
+5%
Net-asset trend (YoY)
End of year $500K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.7M
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $818K
Net-asset ratio
Net assets $500K · Total assets $818K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $189K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $818K
23%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Goldstock Wright · Reported title CEO · Highest reported compensation $275K · Total expenses $1.7M
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $432K · Total expenses $1.7M
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 24%
Fundraising cost ratio 12%
Revenue growth 16%
Investment management fee ratio 0.2%
Legal fee ratio 0.3%
Accounting fee ratio 4%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$125K
See all 3 funders →
Grants paid · 20 grants · $997K · 2020–2024
Tyronn Lue FundFY2024$10,000
Alice Community CenterAL · FY2023$129,425
The 7uice Foundation INCMA · FY2023$79,477
St Luke Methodist ChurchFY2023$63,000
Unitemized GrantFY2022$50,000
Parent Power Lab INCMO · FY2022$50,000
Moore Impact INCCO · FY2022$50,000
Just Good Brands LLCFY2022$50,000
St Luke Methodist ChurchFY2022$45,000
St Luke Methodist ChurchFY2021$20,000
Raise the BarrCA · FY2020$111,592
Players Philanthropy FundMD · FY2020$40,000
Beyond the Boroughs INCNY · FY2020$28,875
Unitemized GrantFY2020$18,836
See all 20 grants →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.