Nonprofit · EIN 45-4641567
DRIVING FORCE GROUP INC
Tax-exempt · ROCKVILLE, MD 20852
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,466,277 | $1,657,915 | -$191,638 | $818,247 | $318,070 | $500,177 |
| December 31, 2023 | 990 | $1,267,574 | $1,611,825 | -$344,251 | $918,965 | $235,372 | $683,593 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,018,733
- Program service revenue
- $495,000
- Investment income
- -$47,456
- Net gain from sales of assets
- -$76,191
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $18,524
- Compensation of officers, directors and key employees
- $275,000
- Other salaries and wages
- $126,238
- Salaries, compensation and benefits (total)
- $431,782
- Professional fundraising fees
- $0
- Legal fees
- $4,742
- Accounting fees
- $58,274
- Occupancy
- $26,821
- Travel
- $85,508
- Depreciation
- $18,926
- Program services (functional)
- $1,146,331
- Management and general (functional)
- $392,557
- Fundraising (functional)
- $119,027
Balance sheet and other
- Total assets, start of year
- $918,965
- Total assets, end of year
- $818,247
- Total liabilities, end of year
- $318,070
- Net assets, end of year
- $500,177
- Publicly traded securities
- $188,539
- Net assets without donor restrictions
- $177,757
- Net assets with donor restrictions
- $322,420
- Gross receipts
- $1,542,956
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Goldstock Wright | CEO Trustee or director, Officer | 60 | $275,000 |
| George Nemphos | President Trustee or director, Officer | 2 | $0 |
| Isha Price | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER GOLDSTOCK WRIGHT | CEO Trustee or director, Officer | 60 | $438,569 |
| GEORGE NEMPHOS | President Trustee or director, Officer | 2 | $0 |
| ISHA PRICE | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 11140 ROCKVILLE PIKE, ROCKVILLE, MD 20852-3106
- Principal officer (990 for 2024)
- Ella Altidor, 11140 Rockville Pike Suite 100-237, Rockville, MD 20852
- Signed the 990
- Ella Altidor, Director
- Phone
- (207) 272-5705
- Website
- www.drivingforcegroup.org
- Return prepared by
- WHALEN CPAS
Mission
Driving Force Group (DFG) is dedicated to providing the infrastructure and resources to create sustainable social impact Through fiscal sponsorship and compliance support, we ensure the philanthropic projects have the financial and operational foundation needed to create lasting social impact.
Program accomplishments
- Yetunde Price Resource Center (YPRC) - A sponsored project of Driving Force Group, named in honor of Venus and Serena Williams' older sister, who passed far too young. The goal of the initiative is to support organizations and communities working to address families and individuals impacted by trauma.Expenses $324,697 · revenue $105,000
- ALICE Community Center - ALICE's mission is to advance economic mobility, expand access to education and workforce development, and enhance community wellbeing for the residents of Childersburg and the surrounding area of Talladega County.Expenses $221,962 · revenue $105,000
- Dameology+: Dameology+ was started by Damian Jones to improve access to STEM education and create community engagement opportunities for underserved middle and high school students in the Baton Rouge community. Damian provides innovative and impactful resources and opportunities to ensure young people in Baton Rouge are on a path to upward mobility.Expenses $41,582 · grants $2,800 · revenue $83,404
- Tyronn Lue Fund is an initiative of Tyronn Lue to ensure every resident of Mexico, Missouri, has access to the opportunities and resources needed to thrive.Expenses $548,015 · grants $5,724 · revenue $42,000
- James Anderson FundExpenses $10,075 · grants $10,000 · revenue $83,405
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4641567
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $818,247
- Income (IRS master file)
- $1,542,956
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,466,277 | $1,657,915 | $818,247 | XML |
| 990 | December 2023 | $1,267,574 | $1,611,825 | $918,965 | XML |
| 990 | December 2022 | $1,848,912 | $1,723,642 | $1,251,633 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4641567).
Questions about DRIVING FORCE GROUP INC
- What is the EIN of DRIVING FORCE GROUP INC?
- The employer identification number (EIN) of DRIVING FORCE GROUP INC is 45-4641567.
- Is DRIVING FORCE GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to DRIVING FORCE GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DRIVING FORCE GROUP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DRIVING FORCE GROUP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DRIVING FORCE GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DRIVING FORCE GROUP INC?
- The 990 for the year ended December 31, 2024 names Ella Altidor.
- Who are the officers and directors of DRIVING FORCE GROUP INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $275,000 (Jennifer Goldstock Wright, CEO).
- How much revenue does DRIVING FORCE GROUP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,466,277, expenses of $1,657,915 and total assets of $818,247 at year end.
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