Diaspora Vibe Cultural Arts Incubator

Overview

Mission

DVCAI seeks to be the most strategic and creative Incubator network in the data and performance contemporary art world. DVCAI offers a space for cultural dialog and critical thinking through art beyond the Caribbean region. We embrace art from the Mid Atlantic spanning to Bermuda

What it reported doing in 2024

DVCAI is a virtual nomadic museum space providing opportunities for emerging artist to showcase their works. We inspire artist to experiment and design without passing judgement on their cultural heritage. We initiate dialogue and provide a critical platform -a popup space for artist to mature. Curated Exhibitions: National Young Arts Foundation, Redline Contemporary Art Space, the Univ.of Miami Gallery, The Corcoran Museum of Art, The Harvey B. Gantt Center, The Miami Design District, Sarasota Art Museum, and The GreenSpace. International Cultural Exchanges in Bermuda, Suriname, Panama, Belize, Jamaica, Antigua and Aruba. We Create Zoom education sessions and podcasts to expose the various talents and exhibitions. We moderate complex topics with artists and support the fundraising of our peers. We curate speakers panels and populate the DVCAI archive at the Special Collections of the Univ of Miami and dLOC at the Univ of Florida. 2024 is our 28th anniversary

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.

Nonprofit profile at a glance

EIN
020546537
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2017, Form 990-N 2014
Headquarters
Miami, FL, USA
Phone
3055424277
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 58
  • Accountability: 82
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.6%; rating input score 65
  • Program expense ratio: 81%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 75%; rating input score 75; 0th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0%; rating input score 0; 13th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 20th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.2%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 28%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 11.7% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 14.5% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 14.6% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 64.6% of revenue deployed · 81% of spending went to programs
  • Governance: 11 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $433K in reported program spending
  • Leadership: top reported pay $85K · 14 people listed
  • Consistency: 22 of 24 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 7 annual filings from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

14 people listed

Highest reported compensation

  • ROSEMARIE GORDON - WALLACE (PRESIDENTCURATOR): $85,000 total reported compensation
  • TANIA DESDUNES (Assistant Director): $65,000 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.