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

Driving Force Group INC FY2020 filing

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Promotes equality and dignity for all people in society. For fiscal year 2020 it reported $1.2M in revenue, $1.9M in expenses, and $680K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Rockville, MD
Website
www.drivingforcegroup.org
Filings
5 on file (2020–2020)
Revenue
$1.2MFY2020
Expenses
$1.9M
Net assets
$680K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4641567 Public foundation / grantmaker Rockville, MD
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Promotes equality and dignity for all people in society.
Leadership
Jenny Goldstock Wright · Executive Dir. · $200K
Money in and out
$1.2M revenue, $1.9M expenses
Bottom line
78% program efficiency
Grants paid & assets · FY2020
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$680K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$676K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.20 Fundraising $0.02
Program efficiency
78%
of spending reaches programs
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-56%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.2M
FY2020
Expenses
$1.9M
FY2020
Total assets
$973K
FY2020
Total liabilities
$293K
FY2020
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$680K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$676K
Total assetsPt X · Ln 16$973K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

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 1a5
Independent voting membersPt VI · Ln 1b5
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
$200,000Pt VII · Sec A
Chief Programs
$102,315Pt VII · Sec A
Chief Development
$101,625Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Goldstock Wright’s $275K as CEO is at the 93rd percentile of top reported officer pay among 1690 $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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2020.
01

Williams Sisters Fund/Verizon (yprc)

Creating equity through education and preventing and easing the pain caused by senseless acts of violence from her hometown of compton to countries like kenya and jamaica. Williams has used her platform and resources to build and fund schools, to combat racism in communities, and to heal the victims and family members of those affected…

$604Kprogram expense
02

Raise the barr is committed to breaking the cycle of poverty for those affected by violence. Low-income single parent families by providing single parents access to a quality college or university education.

$326Kprogram expense
03

Torrey Smith Family Fund

NFL wide receiver torrey smith founded this fund on a core belief that every young person deserves the opportunity to live up to his or her full potential, regardless of the circumstances into which they were born.

$246Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$822K · 68%
Program service revenue$389K · 32%
Contributions & grants68%$822K
Program service revenue32%$389K
Investment income$5K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.20 Fundraising $0.02
Program services78%$1.5M
Management & general20%$382K
Fundraising2%$40K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$648K
Total assetsLn 16$973K
Total liabilitiesLn 26$293K
Total net assetsLn 32$680K
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $907K · Operating expenses/yr $1.9M
5.8 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.9M
78%
Management & General
Management & general $382K · Total expenses $1.9M
20%
Fundraising
Fundraising $40K · Total expenses $1.9M
2%
Cost to raise $1
Fundraising expense $40K · Solicited contributions $822K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $822K · Total revenue $1.2M
68%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $389K · Total revenue $1.2M
32%
Investment reliance
Investment income $5K · Total revenue $1.2M
+0.5%
Program self-sufficiency
Program service revenue $389K · Total expenses $1.9M
21%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $680K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.9M
-56%
Liabilities-to-Assets
Total liabilities — · Total assets $973K
Net-asset ratio
Net assets $680K · Total assets $973K
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $258K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $973K
27%
People & payroll
Highest Reported Total Compensation
Individual Jenny Goldstock Wright · Reported title Executive Dir. · Highest reported compensation $200K · Total expenses $1.9M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $590K · Total expenses $1.9M
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 20%
Fundraising cost ratio 5%
Investment management fee ratio 0.7%
Legal fee ratio 0%
Accounting fee ratio 4%
Fundraising fee ratio 1%

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 →

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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
FY2024 (Latest)$1.5M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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