Didtechnology INC EIN 47-2669712

Didtechnology INC FY2023 filing

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Empowering Black and Latinx women entrepreneurs to drive economic growth and systemic change through innovation. For fiscal year 2023 it reported $1.7M in revenue, $4.0M in expenses, and $356K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
New York, NY
Filings
5 on file (2020–2023)
Revenue
$1.7MFY2023
Expenses
$4.0M
Net assets
$356K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-2669712 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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
Brittany Hale · COO & Interim CEO (partial Yr) · $177K
Money in and out
$1.7M revenue, $4.0M expenses
Bottom line
76% program efficiency
Where the money goes · FY2023
Total revenue
$1.7M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$356K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.2M
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.14 Fundraising $0.10
Program efficiency
76%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-131%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.7M
FY2023▼ -58%
Expenses
$4.0M
FY2023▲ +22%
Total assets
$548K
FY2023▼ -80%
Total liabilities
$192K
FY2023▲ +2%
Total revenue
$1.7M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$356K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.2M
Total assetsPt X · Ln 16$548K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $1.7M of program spending, described in the organization's own filed words · FY2023.
01

digitalundivided's BREAKTHROUGH Program, powered by JPMorgan Chase, selects entrepreneurs to receive $5,000 in funding and accelerate their revenue past the 5-figure mark. The 100% virtual program is city-based and open to entrepreneurs with a tech component to their businesses.

$789Kprogram expense
02

digitalundivided's thought leadership initiatives focus on advancing equity and opportunities for women, especially women of color, entrepreneurs. The organization conducts research and publishes influential reports, like Project Diane, which provides data on the state of funding and representation in the entrepreneurial landscape.

$479Kprogram expense
03

digitalundivided produces original qualitative and quantitative research on the state of women founders in the U.S. and territories. Being the first organization to identify disparities and challenges faced by women of color in the startup ecosystem, its research is led and conducted by women of color who have expertise and experience…

$394Kprogram 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 1a8
Independent voting membersPt VI · Ln 1b8
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
COO & Interim CEO (partial Yr)
$176,953Pt VII · Sec A
Head of Events & Partnerships
$142,796Pt VII · Sec A
Senior Director of Brand Marke
$129,220Pt VII · Sec A
Head of Partner & Founder Succ
$104,374Pt VII · Sec A
Senior Director of Research, E
$103,682Pt VII · Sec A
CEO (partial Year)
$41,263Pt VII · Sec A
Board Emeritus
$0Pt VII · Sec A
Board Emeritus
$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$1.7M · 99%
Program service revenue$14K · 1%
Contributions & grants99%$1.7M
Program service revenue1%$14K
Investment income$136
Total revenueLn 12$1.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.14 Fundraising $0.10
Program services76%$3.0M
Management & general14%$573K
Fundraising10%$384K
Total functional expensesLn 25$4.0M

Balance Sheet

Part X · end of year
CashLn 1$112K
Total assetsLn 16$548K
Total liabilitiesLn 26$192K
Total net assetsLn 32$356K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112K · Operating expenses/yr $4.0M
0.3 months
Where the money goes
Program services
Program services $3.0M · Total expenses $4.0M
76%
Management & General
Management & general $573K · Total expenses $4.0M
14%
Fundraising
Fundraising $384K · Total expenses $4.0M
10%
Cost to raise $1
Fundraising expense (3-yr avg) $293K · Solicited contributions (3-yr avg) $2.6M
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.7M · Total revenue $1.7M
99%
Government reliance
Government grants — · Total revenue $1.7M
Earned-income share
Program service revenue $14K · Total revenue $1.7M
0.8%
Investment reliance
Investment income $136 · Total revenue $1.7M
<0.01%
Program self-sufficiency
Program service revenue $14K · Total expenses $4.0M
0.4%
Growth & trend
Revenue growth (YoY)
This year $1.7M · Prior year $4.1M
-58%
Net-asset trend (YoY)
End of year $356K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.7M · Expenses $4.0M
-131%
Liabilities-to-Assets
Total liabilities — · Total assets $548K
Net-asset ratio
Net assets $356K · Total assets $548K
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $548K
0%
People & payroll
Highest Reported Total Compensation
Individual Brittany Hale · Reported title COO & Interim CEO (partial yr) · Highest reported compensation $177K · Total expenses $4.0M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.8M · Total expenses $4.0M
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 14%
Fundraising cost ratio 23%
Revenue growth -58%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 3%
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 · viewing · ⤓ 990 PDF
FY2022$4.1M revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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