Digital Vibez Inc
Nonprofit profile at a glance
- EIN
- 465032425
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- West Palm Beach, FL, USA
- Phone
- 5618474521
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development N.E.C.
Reported finances
- Revenue
- $1,678,163
- Expenses
- $1,639,708
- Assets
- $1,139,565
- Liabilities
- $428,882
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Wilford Romelus (CEO)
- Rony Michel (President)
Highest reported compensation
- Wilford Romelus (CEO): $115,154 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to empower youth in diverse and underserved communities through dance fitness, technology, and the arts. Our innovative programs and community engagement events motivate and inspire youth and families to use their creativity and talents to develop healthier habits while expressing themselves through positive outlets and engaging activities.
What it reported doing in 2024
KidsFit Jamathon - KidsFit Jamathon is an innovative, interactive, concert-like experience for youth that motivates and inspires them to dance, stay fit, and live healthier lives This is an annual summer wellness/fitness event hosted by Digital Vibez, Inc. Raffles, prizes, and trophies are given so that the kids are encouraged to move and participate. In addition to the exceptional concert, there is a Kidz Zone area full of Crazy Games, Obstacle Courses, Bounce Houses, fitness activities, and healthy snacks. This conglomeration of fitness activities encourages youth to adopt healthier behaviors to help combat childhood obesity while doing something they love. This program is primarily funded through grants and sponsorships from various organizations.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 87
- Accountability: 95
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.2%; rating input score 90
- Program expense ratio: 92.3%; rating input score 92
- Fundraising efficiency: $284.75 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.3%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.38; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 7%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 26.1% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 24.2% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 33.8% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 90.2% of revenue deployed · 92.3% of spending went to programs
- Governance: 11 of 12 board members independent · 8 of 8 filing controls reported
- Programs: 8 filed program accomplishments · $1.5M in reported program spending
- Leadership: top reported pay $115K · 12 people listed
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 43/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.