Driving Forward Institute Nfp Inc

Nonprofit profile at a glance

EIN
851418033
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Chicago, IL, USA
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$38,658
Expenses
$69,564
Assets
$29,625

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Randi Kelley (Executive Director retired April)
  • Marvin Richardson (Chairman of the Board and President)
  • Scott Metcalf (Executive Director started April)

People named in this filing

  • Randi Kelley (Executive Director retired April)
  • Marvin Richardson (Chairman of the Board and President)
  • Claire Pedersen (Vice Chair)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Driving Forward Vision: EVERY COLLEGE STUDENT IN AMERICA should have an equal opportunity to achieve their career objectives and create a better future for themselves and their communities. Our Mission in support of that vision is: TO EMPOWER FIRST-GENERATION & UNDER-RESOURCED COLLEGE STUDENTS to successfully transition from college to a meaningful career through a supportive professional development mentorship and experiential learning community. In 2024 we ran our Flagship Program with 30 college students providing them professional skills development and career development through structured training seminars 1:1 mentorship and team coaching. Hands on experience in a business case competition is also provided with scholarships provided for successful students

What it reported doing in 2024

In support of our mission to empower first-generation and under-resourced college students to successfully transition from college to a meaningful career through a supportive professional development mentorship and experiential learning community: In 202 we ran our Flagship Program with 30 college students providing them professional skills development and career development through structured training seminars 1:1 mentorship and team coaching. Hands on experience in a business case competition is also provided with scholarships for successful students 29

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 100
  • Sustainability: 13
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.6%; rating input score 78
  • Program expense ratio: 43.1%; rating input score 43

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -79.9%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 41.5%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -72.6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -58.2% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -68.6% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 77.6% of revenue deployed · 43.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $30K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Financial Efficiency: Program expense ratio scored 43/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.