THE DIVERSE FUTURE FOUNDATION INC

EIN: 863281405 501(c)(3) Civil Rights & Advocacy

HILLSDALE, NY

Total Revenue
$215,800
Total Expenses
$275,262
Total Assets
$44,552
Net Assets
$4,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
MARK CARTER
Phone
9179222658
Tax Period
2023-01-01 to 2023-12-31

THE DIVERSE FUTURE FOUNDATION INC, founded in 2021, is a small nonprofit in the Civil Rights & Advocacy sector that reported $216K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $275K exceeded revenue, resulting in a 28% operating deficit.

Mission

ORGANIZATION'S PRIMARY TAX EXEMPT PURPOSE IS EXPANDING INCLUSIVE MANAGEMENT IN NEWS AND MEDIA.

Program Service Accomplishments

Program 1
Expenses: $165,407 Revenue: $31,000

1.TRAINED MORE THAN 170 RISING EXECUTIVES OF COLOR ACROSS THE NEWS AND COMMUNICATIONS INDUSTRIES IN INCLUSIVE MANAGEMENT STRATEGIES.

Program 2
Expenses: $27,938 Revenue: $33,000

2.BUILT A ROBUST PIPELINE OF SENIOR DECISION MAKERS OF COLOR WHO HAVE THE POTENTIAL TO LEAD AT THE HIGHEST LEVELS IN THE INDUSTRIES THAT MOST CRUCIALLY SHAPE PUBLIC OPINION.

Program 3
Expenses: $44,599

3.ATTRACTED DECISION MAKERS AT THE HIGHEST LEVELS OF THE INDUSTRY BOTH AS SUPPORTERS AND AS INSTRUCTORS FOR THE PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $151,800
Program Service Revenue $64,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $215,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $238,795
Other Expenses $275,262
TOTAL EXPENSES $275,262

Year-over-Year Comparison

2023 2022 Change
Revenue $215,800 $159,840 +0.4%
Expenses $275,262 $149,646 +0.8%
Net Income $-59,462 $10,194 -6.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$41,600
Total Directors
3
$41,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK CARTER DIRECTOR 30.00
Officer Director
$0 $40,000 $40,000
JACQUELINE ADAMS SECRETARY 5.00
Officer Director
$0 $1,600 $1,600
SUMORWUO ZAZA TREASURER 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $215,800 $275,262 $44,552 $-59,462
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