DivInc
DivInc
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About this organization
Mission
DivInc's mission is to elevate social and economic equity through entrepreneurship. Our key programming includes acceleration for underrepresented tech founders, and ongoing support for our alumni over our 9 years of service. Our newest program is the NextGen Startup Internship Program - providing stipend for college interns into our portfolio companies.
About
Our 2024/25 was wonderfully successful delivering a SportsTech accelerator for (10) founders. Over $4M raised by these (10) cohort companies prior to them completing this 12 week program. Also delivered was our Network Effect Portfolio Program with events, mentorship, and introductions to funding and service provider opportunities. We also partnered with Blackstone LaunchPad to implement our first NextGen Startup Internship Program for (30) funded interns into our alumni companies. 2025 will support (60) funded interns largely from HBCU/HSI Universities.
Interesting data from their 2020 990 filing
The mission of the non-profit, as stated in the filing, is “The mission of divinc is to bridge the gap between underrepresented entrepreneurs and the resources they need to build profitable, high-growth companies.”.
When referring to its tasks, they were described as: “Divinc serves as a bridge for underrepresented entrepreneurs and the tech startup ecosystem.”.
- The non-profit is operating legally in the state of TX.
- The non-profit's address for the year 2020 is listed as 1023 SPRINGDALE RD NO 1J, AUSTIN, TX, 78721 in the filing.
- The form submitted by the non-profit organization for 2020 reports 2 employees.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$5,114.
- The organization has 9 independent voting members.
- The organization was formed in 2016.
- The organization pays $201,309 in salary, compensation, and benefits to its employees.
- The organization pays $116,678 in fundraising expenses.