Didtechnology INC EIN 47-2669712

Didtechnology INC FY2021 filing

EIN  47-2669712 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
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Size
$1–10M
What they do
Empowering Black and Latinx women entrepreneurs to drive economic growth and systemic change through innovation.
Leadership
Danielle Jackson · Director of Evaluation · $109K
Money in and out
$2.1M revenue, $2.0M expenses
Bottom line
70% program efficiency

Empowering Black and Latinx women entrepreneurs to drive economic growth and systemic change through innovation. For fiscal year 2021 it reported $2.1M in revenue, $2.0M in expenses, and $1.7M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $96K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.24 Fundraising $0.06
Program efficiency
70%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$2.1M
FY2021▲ +246%
Expenses
$2.0M
FY2021▲ +26%
Total assets
$1.8M
FY2021▲ +1%
Total liabilities
$41K
FY2021▼ -66%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$96K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $1.4M of program spending, described in the organization's own filed words · FY2021.
01

Thought Leadership leads the global culture shift toward inclusive innovation through powerful, impactful and unmatched thinking on topics ranging from accessing untapped reservoirs of innovation to creating a women-centered workplace.

$858Kprogram expense
02

BIG is our highly competetive 12-week hybrid programed designed for Latina and Black women entrepreneurs who are ready to test their idea to launch to market. We provide founders with our evidence-based curriculum, an immersive experience led by industry leaders, 1:1 mentorship, and exclusive access to a community of founders.

$326Kprogram expense
03

The organization conducted research for Project Diane. This data contributes to a vibrant, data-driven ecosystem that tracks, assesses, and expands the current body of data and insights about WOC founders.

$209Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDidtechnology INC
EINHdr · item D47-2669712
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director of Evaluation
$108,727Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Finance Committee Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Monica Valenzuela Cuyas’s $121K as Director of Programs is at the 45th percentile of top reported officer pay among 1547 $1–10M youth development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Brittany Hale$176,953
Bobby Bryant$100,830$142,796
Abimbola Ishola-Ayodeji$129,220
Danielle Jackson$103,682$121,703$108,727
Monica Valenzuela Cuyas$121,372
Patricia Diaz$104,374
Kathryn Finney$78,625
Leah Williams$12,536$41,263

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
Contributions & grants$2.1M · 99%
Program service revenue$22K · 1%
Contributions & grants99%$2.1M
Program service revenue1%$22K
Investment income$62
— government grantsLn 1e$276K
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.24 Fundraising $0.06
Program services70%$1.4M
Management & general24%$471K
Fundraising6%$119K
Total functional expensesLn 25$2.0M

Balance Sheet

Part X · end of year
CashLn 1$235K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$41K
Total net assetsLn 32$1.7M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $235K · Operating expenses/yr $2.0M
1.4 months
Where the money goes
Program services
Program services $1.4M · Total expenses $2.0M
70%
Management & General
Management & general $471K · Total expenses $2.0M
24%
Fundraising
Fundraising $119K · Total expenses $2.0M
6%
Cost to raise $1
Fundraising expense (2-yr avg) $147K · Solicited contributions (2-yr avg) $1.1M
$0.13 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.1M · Total revenue $2.1M
99%
Government reliance
Government grants $276K · Total revenue $2.1M
13%
Earned-income share
Program service revenue $22K · Total revenue $2.1M
1%
Investment reliance
Investment income $62 · Total revenue $2.1M
0%
Program self-sufficiency
Program service revenue $22K · Total expenses $2.0M
1%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $600K
+246%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $2.0M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.7M · Total assets $1.8M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.8M
0%
People & payroll
Highest Reported Total Compensation
Individual Danielle Jackson · Reported title director of evaluation · Highest reported compensation $109K · Total expenses $2.0M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $592K · Total expenses $2.0M
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 24%
Fundraising cost ratio 6%
Revenue growth 246%
Investment management fee ratio 0%
Legal fee ratio 4%
Accounting fee ratio 5%
Fundraising fee ratio 0%

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 · FY2024
Total grants receivedfrom 1 funder$250K

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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$1.7M revenue · ⤓ 990 PDF
FY2022$4.1M revenue · ⤓ 990 PDF
FY2021$2.1M revenue · viewing · ⤓ 990 PDF
FY2020$600K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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