Nonprofit · EIN 81-3052133
DIVINC
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $1,319,288 | $1,832,674 | -$513,386 | $818,276 | $624,966 | $193,310 |
| March 31, 2024 | 990 | $2,142,950 | $1,702,915 | $440,035 | $1,222,789 | $516,093 | $706,696 |
| March 31, 2023 | 990 | $1,379,462 | $2,026,852 | -$647,390 | $940,413 | $536,773 | $403,640 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $1,316,558
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $2,730
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $133,244
- Other salaries and wages
- $273,247
- Salaries, compensation and benefits (total)
- $447,117
- Professional fundraising fees
- $0
- Legal fees
- $400
- Accounting fees
- $9,861
- Occupancy
- $143,385
- Travel
- $16,035
- Program services (functional)
- $1,227,067
- Management and general (functional)
- $274,368
- Fundraising (functional)
- $331,239
Balance sheet and other
- Total assets, start of year
- $1,222,789
- Total assets, end of year
- $818,276
- Total liabilities, end of year
- $624,966
- Net assets, end of year
- $193,310
- Gross receipts
- $1,319,288
- Employees
- 7
- Volunteers
- 63
- Year formed
- 2016
- State of legal domicile
- TX
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PRESTON JAMES II | CO-FOUNDER/CEO Officer | 1 | $104,662 | $10,778 |
| ASHLEY DEWALT | MANAGING DIRECTOR Highest-paid employee | 40 | $100,480 | $117 |
| JUAN THURMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOSH JONES-DILWORTH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATE WILLIAMS | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KIMBAL SMITH | LEGAL Trustee or director, Officer | 1 | $0 | $0 |
| MARK PHILLIP | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS HYAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE GOLDSMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRANDON MIDDLETON-PRATT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RAJIV BALA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MERCY WAKWEIKA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PRESTON JAMES II | CO-FOUNDER/CEO Officer | 1 | $108,146 | $9,255 |
| JUAN THURMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOSH JONES-DILWORTH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATE WILLIAMS | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KIMBAL SMITH | LEGAL Trustee or director, Officer | 1 | $0 | $0 |
| MONIQUE MALEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK PHILLIP | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS HYAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE GOLDSMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRANDON MIDDLETON-PRATT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RAJIV BALA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MERCY WAKWEIKA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELISA SEPULVEDA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PRESTON JAMES | CO-FOUNDER/CEO Officer | 1 | $83,902 | $5,274 |
| EZINNE OJI UDEZUE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAN GRAHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSH JONES-DILWORTH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MONIQUE MALEY | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIE OLIVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATE WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUAN THURMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK PHILLIP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HEATH BUTLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS HYAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELISA SEPULVEDA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRANDON MIDDLETON-PRATT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROMAN GONZALEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MERCY WAKWEIKA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BLANCA LESMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 W 6TH ST STE 1700, AUSTIN, TX 78701-0094
- In care of
- % DAN AUSTIN
- Mailing address (990-N for 2016)
- 701 Brazos Street, Austin TX 78701
- Principal officer (990 for 2024)
- PRESTON JAMES II, 200 W 6TH STREET 1700, AUSTIN, TX 78701
- Principal officer (990-N for 2016)
- Dana Callender, 701 Brazos St, Austin TX 78701
- Signed the 990
- PRESTON JAMES II, CEO
- Phone
- (512) 909-4499
- Website
- www.divinc.org
- Return prepared by
- AVENSON HAMANN CPAS LLP
Mission
DIVINC'S MISSION IS TO GENERATE SOCIAL AND ECONOMIC EQUITY THROUGH ENTREPRENEURSHIP.
Program accomplishments
- 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 3,000 PEOPLE WERE SERVED DURING THE YEAR ENDING 3/31/25.Expenses $1,227,067
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 81-3052133
- 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
- 2017
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $818,276
- Income (IRS master file)
- $1,319,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $1,319,288 | $1,832,674 | $818,276 | XML |
| 990 | March 2024 | $2,142,950 | $1,702,915 | $1,222,789 | XML |
| 990 | March 2023 | $1,379,462 | $2,026,852 | $940,413 | XML |
| 990 | March 2022 | $2,296,391 | $1,962,610 | $1,242,173 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990-N for 2016 Officer: Dana Callender | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-3052133).
Questions about DIVINC
- What is the EIN of DIVINC?
- The employer identification number (EIN) of DIVINC is 81-3052133.
- Is DIVINC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to DIVINC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DIVINC 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 DIVINC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DIVINC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of DIVINC?
- The 990 for the year ended March 31, 2025 names PRESTON JAMES II.
- Who are the officers and directors of DIVINC?
- The 990 for the year ended March 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $104,662 (PRESTON JAMES II, CO-FOUNDER/CEO).
- How much revenue does DIVINC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $1,319,288, expenses of $1,832,674 and total assets of $818,276 at year end.
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