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EIN 81-3052133

DivInc

IRS 501(c) type
501(c)(3)
Num. employees
14
City
Austin
State
Texas
Year formed
2016
Most recent tax filings
2023-03-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Divinc is an accelerator program for underrepresented entrepreneurs. We equip diverse entrepreneurs with strategies critical to building and growing exceptional technology businesses. The mission of Divinc is to bridge the gap between underrepresented entrepreneurs and the resources they need to build profitable, high-growth companies. Divinc serves as a bridge for underrepresented entrepreneurs and the tech startup ecosystem. Divinc's mission is to generate social and economic equity through entrepreneurship.
Total revenues
$1,379,462
2023
Total expenses
$2,026,852
2023
Total assets
$940,413
2023
Num. employees
14
2023

Program areas at DivInc

Divinc's program includes an intensive 12-week startup accelerator program providing a unique culture of support that equips people of color and women entrepreneurs with strategies critical to creating exceptional companies, driving job creation, and contributing to strong economic growth. Participants receive weekly workshops, one-on-one professional coaching, networking opportunities, and other essential business start-up resources. Approximately 1,500 people were served during the year ending 3/31/23.

Who funds DivInc

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$496,800
Greater Houston Community FoundationPublic Benefit$175,000
Brown Advisory Charitable FoundationProgram Support$30,000
...and 3 more grants received

Personnel at DivInc

NameTitleCompensation
Preston L. JamesFounder and Chief Executive Officer$83,902
Dana CallenderBoard Member$0
Michelle TorresVice President of Operations
Ashley DeWaltManaging Director , Startups and Programs
Kenny OzunaDirector of Finance
...and 9 more key personnel

Financials for DivInc

RevenuesFYE 03/2023
Total grants, contributions, etc.$1,379,462
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,379,462

Form 990s for DivInc

Fiscal year endingDate received by IRSFormPDF link
2023-032024-02-15990View PDF
2022-032023-02-15990View PDF
2021-032021-08-31990View PDF
2020-032020-11-20990View PDF
2019-032019-10-04990View PDF
...and 1 more Form 990

Organizations like DivInc

OrganizationLocationRevenue
Endeavor DetroitDetroit, MI$1,166,230
Prospera Georgia LLCOrlando, FL$578,444
Endeavor MiamiMiami, FL$1,593,290
Amplify LouisvilleLouisville, KY$1,070,689
The Youngstown Edison Business IncubatorYoungstown, OH$4,125,884
The Prosperity LabSan Jose, CA$759,710
Prospera North Carolina LLCOrlando, FL$1,519,000
Industrial Technology Assistance Corporation (ITAC)New York, NY$2,316,835
StartUP ColumbusColumbus, GA$358,935
Colorado ThrivesDenver, CO$370,000
Data update history
December 18, 2024
Updated personnel
Identified 5 new personnel
July 14, 2024
Received grants
Identified 1 new grant, including a grant for $25,000 from The Bank of America Charitable Foundation
July 12, 2024
Received grants
Identified 1 new grant, including a grant for $30,000 from Brown Advisory Charitable Foundation
June 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
April 4, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Employment organizationsBusiness and community development organizationsCharities
Issues
EducationEconomic developmentBusiness and industry
Characteristics
Partially liquidatedReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
200 W 6th St 1700
Austin, TX 78701
Metro area
Austin-Round Rock-Georgetown, TX
County
Travis County, TX
Website URL
divinc.org/ 
Phone
(512) 909-4499
IRS details
EIN
81-3052133
Fiscal year end
March
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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