Overview
What is Driving Force Group Inc?
Driving Force Group Inc is a nonprofit organization situated in Rockville, Maryland. Their mission is to foster a society where everyone is treated equally and with dignity. They achieve this by utilizing the philanthropic experiences, passions, and social influence of their funders. By meticulously vetting and supporting effective, efficient, and sustainable philanthropic initiatives and nonprofit organizations, Driving Force Group Inc provides crucial grants to these organizations. The organization, with a workforce of seven individuals, has made significant strides in promoting equality and dignity across various communities, including Compton in the United States and countries like Kenya and Jamaica. Their efforts encompass building schools, combating racism, and providing support to victims and families affected by senseless acts of violence.
Official website here: www.drivingforcegroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating. This rating indicates that Driving Force Group Inc has some strengths but also notable areas for improvement. The organization demonstrates a strong program expense ratio of 83.08%, suggesting that a significant portion of its funds is being directed toward its mission-related activities.
Strengths of Driving Force Group Inc include full compliance with policies like conflict of interest and whistleblower protections, as well as a solid accountability score. Additionally, the majority of the board members are independent, which can enhance governance and oversight. However, the organization received a low score for its independent board size and financial statement transparency, indicating a need for improvement in these areas.
Limitations are evident in the lack of publicly available financial statements and missing tax forms on its website, which can hinder transparency and accountability. While the organization does not have any material diversions of assets, addressing these financial reporting issues could improve its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Driving Force Group Inc legitimate?
Driving Force Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Driving Force Group Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $363,958
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,955
For more financial information, click here
Official website here: www.drivingforcegroup.org
What is the mission statement of Driving Force Group Inc?
Driving Force Group Inc's mission is centered around promoting a society where all individuals are treated equally and with dignity. The organization achieves this by leveraging the philanthropic experiences, passions, and social influence of its funders. By identifying and vetting effective, efficient, and sustainable philanthropic initiatives and nonprofit organizations, Driving Force Group makes grants to support these causes. This strategy enables the organization to directly impact those in need, contributing to a more equitable and dignified society.
Official website here: www.drivingforcegroup.org
Who is the CEO of Driving Force Group Inc?
George Nemphos is the President of Driving Force Group Inc. The CEO's salary of Driving Force Group Inc is $363,958 and their total compensation is $363,958.
Official website here: www.drivingforcegroup.org
What is the revenue of Driving Force Group Inc?
Driving Force Group Inc's revenue in 2022 was $1,848,912.
Official website here: www.drivingforcegroup.org
Who are the executives of Driving Force Group Inc and what are their salaries?
The average compensation at Driving Force Group Inc during 2022 was $71,988. There are 7 employees and 2 volunteers at Driving Force Group Inc.
Here are 3 key members and their salaries (Driving Force Group Inc's CEO's salary is $363,958 and their total compensation is $363,958):
- Compensation: $363,958
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.drivingforcegroup.org
Where can I find the form 990 for Driving Force Group Inc?
Driving Force Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.drivingforcegroup.org
Learn more at the official website: www.drivingforcegroup.org
Mission Statement of Driving Force Group Inc
Driving Force Group Inc is an organization committed to fostering a society where everyone is treated equally and with dignity. The group achieves this by leveraging the philanthropic experiences, passions, and social influence of its funders. By identifying and vetting effective, efficient, and sustainable philanthropic initiatives and nonprofit organizations, Driving Force Group Inc provides grants to these organizations, thereby directly impacting those in need of support. The organization's mission is to create and sustain a society where all individuals are treated with equal dignity, making a significant contribution to promoting social equality.
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Impact
July, 2024
Driving Force Group Inc's impact is focused on helping to create and support a society in which all people are equal and treated with dignity. The organization works towards this goal by leveraging funders' philanthropic experience, innate passions, and social influence to directly affect those in need of support. Driving Force Group Inc identifies and vets philanthropic initiatives and organizations that are effective, efficient, and sustainable, and makes grants to support these efforts. The organization is particularly dedicated to creating equity through education and preventing and easing the pain caused by senseless acts of violence, both in the local community of Compton and in countries like Kenya and Jamaica. Through initiatives like the Williams Sisters Fund/Verizon YPRC, Driving Force Group Inc has used its platform and resources to build and fund schools, combat racism in communities, and provide healing to victims and family members affected by violence.
This information is meant to be a general summary of Driving Force Group Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,540
- Program Service Revenue: $561,812
- Gross Receipts: $1,848,912
Assets and Liabilities:
- Total Assets: $1,251,633
- Total Liabilities: $232,104
- Net Assets: $1,019,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$232,812
FISCAL SPONSOR FEES
Revenue
$51,000
MANAGEMENT FEES
Revenue
$278,000
Organization Details
Founding Year
2013
Phone
(914) 861-5053Principal Officer
George Nemphos
Main Address
11140 ROCKVILLE PIKE SUITE 100-237, ROCKVILLE, MD, 20852
Website
www.drivingforcegroup.orgNTEE Category
Code: T31 - Philanthropy
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