Cyversity INC FY2023 filing

Wakefield, MA · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$584K
-37% vs prior year
Spent
$994K
To programs
86%
Net assets
$180K
By yearFY2020–FY2024
Revenue
$584K
FY2023▼ -37%
Revenue by fiscal year
FY2020$447K
FY2022$921K
FY2023$584K
FY2024$735K
Expenses
$994K
FY2023▲ +19%
Expenses by fiscal year
FY2020$207K
FY2022$837K
FY2023$994K
FY2024$546K
Net assets
$180K
FY2023▼ -70%
Net assets by fiscal year
FY2020$376K
FY2022$590K
FY2023$180K
FY2024$369K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCyversity INC
EINHdr · item D46-5596141
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWakefield, MA
NTEE classificationIRS BMFEducation (B82)
WebsiteHdr · item Jwww.icmcp.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.11 Fundraising $0.03
Program services86%$855K
Management & general11%$107K
Fundraising3%$32K
Total functional expensesLn 25$994K

Financial health

Is it on solid ground?

Program efficiency
86%
of spending reaches programs
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-70%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$261K
FY2023▼ -63%
Total assets by fiscal year
FY2020$378K
FY2022$702K
FY2023$261K
FY2024$407K
Total liabilities
$81K
FY2023▼ -28%
Total liabilities by fiscal year
FY2020$2K
FY2022$113K
FY2023$81K
FY2024$38K
Revenue less expensesPt I · Ln 19−$410K
Total assetsPt X · Ln 16$261K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$188K
Total assetsLn 16$261K
Total liabilitiesLn 26$81K
Total net assetsLn 32$180K
Months of cash on handcomputed2.3

Statement of Revenue

Part VIII
Contributions & grants$402K · 69%
Program service revenue$182K · 31%
Contributions & grants69%$402K
Program service revenue31%$182K
Investment income$16
Other revenue$304
Total revenueLn 12$584K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $188K · Operating expenses/yr $994K
2.3 months
Where the money goes
Program services
Program services $855K · Total expenses $994K
86%
Management & General
Management & general $107K · Total expenses $994K
11%
Fundraising
Fundraising $32K · Total expenses $994K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $44K · Solicited contributions (2-yr avg) $540K
$0.08 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $402K · Total revenue $584K
69%
Government reliance
Government grants — · Total revenue $584K
—
Earned-income share
Program service revenue $182K · Total revenue $584K
31%
Investment reliance
Investment income $16 · Total revenue $584K
<0.01%
Program self-sufficiency
Program service revenue $182K · Total expenses $994K
18%
Growth & trend
Revenue growth (YoY)
This year $584K · Prior year $921K
-37%
Net-asset trend (YoY)
End of year $180K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $584K · Expenses $994K
-70%
Liabilities-to-Assets
Total liabilities — · Total assets $261K
—
Net-asset ratio
Net assets $180K · Total assets $261K
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $261K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Julian Waits JR · Reported title CHAIR · Highest reported compensation $0 · Total expenses $994K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $994K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 11%——
Fundraising cost ratio 8%——
Revenue growth -37%——
Legal fee ratio 0.3%——
Accounting fee ratio 0.8%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director (thru October)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Larry Whiteside JR’s $100K as Director is at the 83rd percentile of top reported officer pay among 1613 $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.

See Cyversity INC executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Fosters women and minorities in cybersecurity through recruitment, inclusion, and retention programs.

Provided by the organization

This section is blank until Cyversity INC claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $855K of program spending, described in the organization's own filed words · FY2023.
01

Programs

Members have access to jobs board, career readiness, competency core assessment, training and development programs, scholarship opportunities, chapter membership, collaborations tools and webinar events.

$536Kprogram expense
02

Annual Conference

This conference is perfect for cybersecurity professionals at all levels, whether they are a beginner or a seasoned expert in the field. They experience insightful keynotes, thought-provoking panel discussions, and interactive workshops delivered by the brightest minds in the industry.

$319Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $735K$546K+26% 990 PDF
FY2023 Viewing $584K$994K-37% 990 PDF
FY2022 $921K$837K+106% 990 PDF
FY2021 Not on file
FY2020 $447K$207K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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