Dhit Global EIN 82-2673222

Dhit Global FY2021 filing

EIN  82-2673222 Public charity (501(c)(3)) Carrboro, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering communities to achieve health equity for all.
Leadership
Michael Levy · President & · $250K
Money in and out
$72K revenue, $983K expenses
Bottom line
73% program efficiency

Empowering communities to achieve health equity for all. For fiscal year 2021 it reported $72K in revenue, $983K in expenses, and $89K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$72K
Pt VIII · Ln 12
Total expenses
$983K
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$911K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1269%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$72K
FY2021▼ -96%
Expenses
$983K
FY2021▲ +19%
Total assets
$89K
FY2021▼ -91%
Total liabilities
$0
FY2021
Total revenue
$72K
Pt VIII · Ln 12
Total expenses
$983K
Pt IX · Ln 25
Net assets
$89K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$911K
Total assetsPt X · Ln 16$89K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2021.
01

In 2021, dhit global continued to support the community confidence, a decision support tool for government and community leaders to understand the state of health in their communities and simulate potential opportunities for improvement.

Pt IX · col B
02

In january 2021, dhit global launched another season of its free virtual webinar series, the dhit frequency, inviting public health and innovation experts from academia and industry to dig deep into how digital health could be used to address health concerns caused or aggravated by the COVID-19 pandemic.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDhit Global
EINHdr · item D82-2673222
Principal addressHdr · item CCarrboro, NC
WebsiteHdr · item Jwww.dhitglobal.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H90)
Ruling yearIRS BMFDec 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President &
$250,000Pt VII · Sec A

Michael Levy’s $83K as President & is at the 58th percentile of top reported officer pay among 323 $100K–1M medical research 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 · 1 named individual · Part VII

NameFY2022FY2021FY2020
Michael Levy$83,333$250,000$120,000

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 & grants100%$72K
Total revenueLn 12$72K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$720K
Management & general27%$262K
Total functional expensesLn 25$983K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$89K
Total liabilitiesLn 26$0
Total net assetsLn 32$89K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses/yr $983K
0.9 months
Where the money goes
Program services
Program services $720K · Total expenses $983K
73%
Management & General
Management & general $262K · Total expenses $983K
27%
Fundraising
Fundraising $0 · Total expenses $983K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $945K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $72K · Total revenue $72K
100%
Government reliance
Government grants — · Total revenue $72K
Earned-income share
Program service revenue $0 · Total revenue $72K
0%
Investment reliance
Investment income $0 · Total revenue $72K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $983K
0%
Growth & trend
Revenue growth (YoY)
This year $72K · Prior year $1.8M
-96%
Net-asset trend (YoY)
End of year $89K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $72K · Expenses $983K
-1269%
Liabilities-to-Assets
Total liabilities — · Total assets $89K
Net-asset ratio
Net assets $89K · Total assets $89K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $89K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Levy · Reported title PRESIDENT & · Highest reported compensation $250K · Total expenses $983K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $262K · Total expenses $983K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth -96%
Legal fee ratio 1%
Accounting 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.

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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)$694K revenue · ⤓ 990 PDF
FY2023$170K revenue · ⤓ 990 PDF
FY2022$172K revenue · ⤓ 990 PDF
FY2021$72K revenue · viewing · ⤓ 990 PDF
FY2020$1.8M 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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