Civic Intelligence

Project Tf

990 • Fiscal year 2017 • EIN 45-5026246

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

785 Market Street No 850San Francisco, CA 94103

(415) 513-0204

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.05x

Higher debt load relative to assets than 32% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

7th percentile

-13%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

66%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,805,341

Down $693,710 (-13%) from 2016

Net Assets

Down

$4,550,229

Down $751,817 (-14%) from 2016

Liabilities

Up

$255,112

Up $58,107 (+29%) from 2016

Revenue

Up

$5,582,965

Up $2,220,818 (+66%) from 2016

Expenses

Up

$6,334,782

Up $1,309,601 (+26%) from 2016

Net Income

Up

-$751,817

Up $911,217 (+55%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2013: $362,891Liabilities 2013: $72,703Net Assets 2013: $290,1882013Assets 2014: $1,878,602Liabilities 2014: $38,456Net Assets 2014: $1,840,1462014Assets 2015: $7,038,650Liabilities 2015: $73,570Net Assets 2015: $6,965,0802015Assets 2016: $5,499,051Liabilities 2016: $197,005Net Assets 2016: $5,302,0462016Assets 2017: $4,805,341Liabilities 2017: $255,112Net Assets 2017: $4,550,2292017Assets 2018: $3,499,691Liabilities 2018: $384,944Net Assets 2018: $3,114,7472018Assets 2019: $3,222,946Liabilities 2019: $482,760Net Assets 2019: $2,740,1862019Assets 2020: $5,745,926Liabilities 2020: $700,284Net Assets 2020: $5,045,6422020Assets 2021: $8,319,439Liabilities 2021: $538,236Net Assets 2021: $7,781,2032021Assets 2022: $8,826,018Liabilities 2022: $163,971Net Assets 2022: $8,662,0472022Assets 2023: $5,950,527Liabilities 2023: $123,373Net Assets 2023: $5,827,1542023Assets 2024: $4,119,642Liabilities 2024: $72,424Net Assets 2024: $4,047,2182024

Highlighted filing

2017

Assets$4,805,341
Liabilities$255,112
Net Assets$4,550,229

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2013: $855,398Expenses 2013: $597,007Net Income 2013: $258,3912013Revenue 2014: $2,336,113Expenses 2014: $786,181Net Income 2014: $1,549,9322014Revenue 2015: $7,010,235Expenses 2015: $1,885,301Net Income 2015: $5,124,9342015Revenue 2016: $3,362,147Expenses 2016: $5,025,181Net Income 2016: -$1,663,0342016Revenue 2017: $5,582,965Expenses 2017: $6,334,782Net Income 2017: -$751,8172017Revenue 2018: $3,883,386Expenses 2018: $5,318,868Net Income 2018: -$1,435,4822018Revenue 2019: $3,089,128Expenses 2019: $3,328,876Net Income 2019: -$239,7482019Revenue 2020: $5,622,136Expenses 2020: $3,297,520Net Income 2020: $2,324,6162020Revenue 2021: $5,306,075Expenses 2021: $2,570,514Net Income 2021: $2,735,5612021Revenue 2022: $3,892,901Expenses 2022: $3,012,057Net Income 2022: $880,8442022Revenue 2023: $1,121,268Expenses 2023: $3,956,161Net Income 2023: -$2,834,8932023Revenue 2024: $1,709,533Expenses 2024: $3,489,469Net Income 2024: -$1,779,9362024

Highlighted filing

2017

Revenue$5,582,965
Expenses$6,334,782
Net Income-$751,817
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$5,607,350
Mission and Program Overview

Mission

CODE2040 aims to close the achievement, wealth, and skills gaps for Black and Latinx population in the United States by creating access, awareness, and opportunities in technology and engineering.

CODE2040 creates pathways to educational, professional, and entrepreneurial success in technology for underrepresented minorities with a specific focus on Black and Latinx populations. The fellows program provided internships for 86 individuals. The technical applicant prep program served 600 individuals in person and 5000 online. The entrepreneur in residence program supported 7 individuals in Durham, Chicago, Detroit, San Francisco, Minneapolis and Austin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,828,824$2,088,253▲ $259,429
Savings and Temporary Cash Investments$3,375,501$1,985,949▼ $1,389,552
Land, Buildings, and Equipment, Net$199,839$473,740▲ $273,901
Prepaid Expenses and Deferred Charges$11,659$49,377▲ $37,718
Total Assets$5,499,051$4,805,341▼ $693,710
Other Assets Total$83,228$208,022▲ $124,794
Liabilities
Accounts Payable and Accrued Expenses$197,005$255,112▲ $58,107
Total Liabilities$197,005$255,112▲ $58,107
Net Assets / Fund Balance
Unrestricted Net Assets$2,108,325$3,255,864▲ $1,147,539
Temporarily Rstr Net Assets$3,193,721$1,294,365▼ $1,899,356
Total Net Assets Fund Balance$5,302,046$4,550,229▼ $751,817
Total Liabilities and Net Assets / Fund Balance$5,499,051$4,805,341▼ $693,710

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$216,834$88,648$305,482
Equipment$154,655$45,363$200,018
Leasehold Improvements$102,251$33,316$135,567
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean SegalCOOFT$157,998$97,500$255,498
Laura Weidman PowersCEOFT$243,627$8,236$251,863
Karla MonterrosoVP.ProgramsFT$190,342$7,609$197,951
Alexandra TrabulsiSr.Director,DevelopmentFT$124,055$3,385$127,440
Christian SimamoraSr.Director,Student Prog.FT$120,395$4,740$125,135
Michelle FoxSr.Director,Community MobilizationFT$114,266$6,098$120,364

Board Members and Trustees

NameTitle
Tristan WalkerChair
Susan ColbyVice Chair
Ben HorowitzDirector
Kristen TitusDirector
Amber Saloner-TenantSecretary
Marc HedlundTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rio G Bennin (Crossroads Labs LLC)Software development for Fellows Program204 Park Place Apt 1, Brooklyn, NY 11238$160,400
Revenue and Support

Revenue Composition

Contributions and Grants
$4,177,035
Program Service Revenue
$1,408,500
Investment Income
$1,141
Other Revenue
$-3,711
All Other Contributions
$4,175,535
Change in Net Assets
$-751,817

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,582,965
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,582,965
Total Revenue per Form 990
$5,582,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,647,611
Other Expenses$2,104,338
Total Fundraising Expense$777,288
Grants and Similar Amounts Paid$582,833
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,472,574$670,705$435,671$2,578,950
Current Officers, Directors, Trustees, and Key Employees$333,240$306,799$65,273$705,312
Grants to Domestic Individuals$582,833--$582,833
Travel$391,888$43,870$30,906$466,664
Occupancy$273,440$117,237$50,678$441,355
Fees for Services Other$196,254$117,379$89,145$402,778
Information Technology$206,584$57,397$1,502$265,483
Payroll Taxes$134,477$58,488$36,915$229,880
Depreciation Depletion$108,903$18,779$8,160$135,842
Other Employee Benefits$71,959$39,723$21,787$133,469
Conferences and Meetings$34,649$6,600-$41,249
Fees for Services Legal-$35,505-$35,505
Other Expenses$1,256$33,111$560$34,927
Fees for Services Accounting$740$29,486-$30,226
All Other Expenses$5,752$8,722$1,479$15,953
Insurance$7,964$4,121$1,791$13,876
Total Functional Expenses$3,919,712$1,637,782$777,288$6,334,782

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,334,782
Total Expenses per Audited Statements$6,334,782
Total Expenses per Form 990$6,334,782
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$24,385
Fundraising Gross Income$12,201
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

Organization does not have a committee with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

Form 990 is emailed to full Board for each member's review, comment (as needed). The 990 approval is voted on at the fall Board Meeting.

Form 990, Part VI, Section B, line 12C

The organization regularly and consistently monitors compliance with the policy Annually in November, Board members, officers and all employess are given a certif1cat1on and disclosure form with the organization's policy Each person is required to certify that they have 1 ) received the policy, 2) read and understood it, 3)agree to comply with the policy, 4) certify that they have no actual or possible conflict to report or describe any relat1onships, transactions, or other circumstances that could result in a comflict between the organizat1on interests and their personal f1nancial or other interests. All forms are reviewed by the Director of Finance & Ops. A list of potentially conflicted entit1es and individuaIs is ma1ntained for ident1fying possible conflicts.

Form 990, Part VI, Section B, line 15

The Process for determining compensation of the CEO involves using multiple sources of comparability data for like positions within the same geographical location, level of responsibility, experience, education, revenue, and number of employees, coupled with an annual review given by the chair of the Board. The CEO's performance and compensation is a Joint board process by which all board members review, provide input and approve compensation changes before it's presented to the CEO. Latest review was in 2017.We use two sets of benchmarks, one from Payscale and a customized benchmarks of like-sized revenue not-for-profit organizations. For C-level positions, such adjustments and study were presented at board meeting so board members could review and approve. C-level employees' salaries are only adjusted if the board approved

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are available to public upon request.

Filing and Contact Details

Filer

Filer Name
Project TF
EIN
45-5026246
Phone
4155130204
Address
785 Market Street No 850, San Francisco, CA 94103
Doing Business As
Code2040

Signing Officer

Name
Karla Monterroso
Title
Chief Executive Officer
Phone
4155130204
Signed
2018-11-05

Organization Details

Principal Officer
Karla Monterroso
Formed
2012
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
47
Volunteers
800

Preparer

Firm
Squarmilnerllp
Address
135 Main Street 9th floor, San Francisco, CA 94105
Preparer
Deborah Kaminski
Phone
4157812500
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

We introduced a new program called Community Mobilization and another one called Company Culture Transformation. Community Mobilization: Focuses on growing and empowering a broad community to expand Code2040's impact. Building engagement and content for Black and Latinx professionals in the tech industry is the core of the department's work. Company Culture Transformation: Pushes the innovation economy to create more equitable systems, workplaces, and companies to promote the centering of the Black and Latinx experience - for our community to thrive and persist in the industry. We do that through strategic training and consulting on Code2040 content centered in self-reflection, having hard conversations about race, and thinking about their place in the larger movement towards racial equity.

Form 990, Part III, line 3

EIR program was ceased in Oct 2017

Financial Statement Notes

Part X, Line 2:

The Organization is exempt from paying federal and state income taxes under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Accordingly, no provision has been made for such taxes in the accompanying financial statements. The wholly owned subsidiary was a pass-through entity for income tax reporting purposes and accordingly, did not pay tax on its taxable income. Instead, allocated income or loss was reported on the tax return of the Organization. The entity was subject to a minimum franchise tax for the State of California. Each year, management considers whether any material tax position the Organization has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the Organization has taken are supported by substantial authority and, hence, do not need to be measured or disclosed in these financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Tristan Walker
IRS990/Form990PartVIISectionAGrp/PersonNm1Amber Saloner-Tenant
IRS990/Form990PartVIISectionAGrp/PersonNm2Marc Hedlund
IRS990/Form990PartVIISectionAGrp/PersonNm3Ben Horowitz
IRS990/Form990PartVIISectionAGrp/PersonNm4Kristen Titus
IRS990/Form990PartVIISectionAGrp/PersonNm5Susan Colby
IRS990/Form990PartVIISectionAGrp/PersonNm6Laura Weidman Powers
IRS990/Form990PartVIISectionAGrp/PersonNm7Karla Monterroso
IRS990/Form990PartVIISectionAGrp/PersonNm8Sean Segal
IRS990/Form990PartVIISectionAGrp/PersonNm9Christian Simamora
IRS990/Form990PartVIISectionAGrp/PersonNm10Alexandra Trabulsi
IRS990/Form990PartVIISectionAGrp/PersonNm11Michelle Fox
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP.Programs
IRS990/Form990PartVIISectionAGrp/TitleTxt8COO
IRS990/Form990PartVIISectionAGrp/TitleTxt9Sr.Director,Student Prog.
IRS990/Form990PartVIISectionAGrp/TitleTxt10Sr.Director,Development
IRS990/Form990PartVIISectionAGrp/TitleTxt11Sr.Director,Community Mobilization
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt01500
IRS990/FundraisingDirectExpensesAmt024385
IRS990/FundraisingGrossIncomeAmt012201
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0582833
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0582833
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05607350
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01502
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt057397
IRS990/InformationTechnologyGrp/ProgramServicesAmt0206584
IRS990/InformationTechnologyGrp/TotalAmt0265483
IRS990/InsuranceGrp/FundraisingAmt01791
IRS990/InsuranceGrp/ManagementAndGeneralAmt04121
IRS990/InsuranceGrp/ProgramServicesAmt07964
IRS990/InsuranceGrp/TotalAmt013876
IRS990/InvestmentIncomeGrp/ExclusionAmt01141
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01141
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt068
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0167327
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0199839
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0473740
IRS990/LandBldgEquipCostOrOtherBssAmt0641067
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CODE2040 aims to close the achievement, wealth, and skills gaps for Black and Latinx population in the United States by creating access, awareness, and opportunities in technology and engineering.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05302046
IRS990/NetAssetsOrFundBalancesEOYAmt04550229
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-12184
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-12184
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt050678
IRS990/OccupancyGrp/ManagementAndGeneralAmt0117237
IRS990/OccupancyGrp/ProgramServicesAmt0273440
IRS990/OccupancyGrp/TotalAmt0441355
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt083228
IRS990/OtherAssetsTotalGrp/EOYAmt0208022
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt021787
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039723
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt071959
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0133469
IRS990/OtherExpensesGrp/Desc0Stipends
IRS990/OtherExpensesGrp/Desc1Staff Training
IRS990/OtherExpensesGrp/Desc2Bad Debt Expense
IRS990/OtherExpensesGrp/Desc3Recruitment
IRS990/OtherExpensesGrp/FundraisingAmt02175
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt231246
IRS990/OtherExpensesGrp/FundraisingAmt3560
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038485
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt151375
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt333111
IRS990/OtherExpensesGrp/ProgramServicesAmt084951
IRS990/OtherExpensesGrp/ProgramServicesAmt12970
IRS990/OtherExpensesGrp/ProgramServicesAmt29278
IRS990/OtherExpensesGrp/ProgramServicesAmt31256
IRS990/OtherExpensesGrp/TotalAmt0125611
IRS990/OtherExpensesGrp/TotalAmt154345
IRS990/OtherExpensesGrp/TotalAmt240524
IRS990/OtherExpensesGrp/TotalAmt334927
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous receipts
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08473
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08473
IRS990/OtherRevenueTotalAmt08473
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0435671
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0670705
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01472574
IRS990/OtherSalariesAndWagesGrp/TotalAmt02578950
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt036915
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt058488
IRS990/PayrollTaxesGrp/ProgramServicesAmt0134477
IRS990/PayrollTaxesGrp/TotalAmt0229880
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01828824
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02088253
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011659
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049377
IRS990/PrincipalOfficerNm0Karla Monterroso
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01408500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01408500
IRS990/ProgSrvcAccomActy2Grp/Desc0Title: Community Mobilization Department Description: CMD focuses on growing and empowering a broad community to expand Code2040's impact. Building engagement and content for Black and Latinx professionals in the tech industry is the core of the department's work.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0452575
IRS990/ProgSrvcAccomActy3Grp/Desc0Title: Residency - EIR "Description: The CODE2040 Residency, powered by Google forEntrepreneurs, is designed to empower Black and Latinx entrepreneurs totake their companies to the next level while cultivating diversity intheir own communities. Our EIRs get support from CODE2040, Google forEntrepreneurs, and from the tech hubs, which are all committed tocreating and growing strong, diverse, and inclusive entrepreneurialecosystems in the cities they call home."
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01216608
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0582833
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Title: Company Culture TransformationDescription: Company Culture Transformation pushes the innovation economy to create more equitable systems, workplaces, and companies to promote the centering of the Black and Latinx experience - for our community to thrive and persist in the industry. We do that through strategic training and consulting on Code2040 content centered in self-reflection, having hard conversations about race, and thinking about their place in the larger movement towards racial equity.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Company Programs - works with tech companies and companies with large tech hiring needs to diversify their workforce.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0427906
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1202218
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt08473
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03305667
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0226669
IRS990/PYInvestmentIncomeAmt0354
IRS990/PYOtherExpensesAmt02590380
IRS990/PYOtherRevenueAmt026286
IRS990/PYProgramServiceRevenueAmt029840
IRS990/PYRevenuesLessExpensesAmt0-1663034
IRS990/PYSalariesCompEmpBnftPaidAmt02208132
IRS990/PYTotalExpensesAmt05025181
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03362147
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-751817
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01408500
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03375501
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01985949
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Miscellaneous receipts - 2013 Amount: $ 2067. 2014 Amount: $ 6787. 2015 Amount: $ 5995. 2016 Amount: $ 21723. 2017 Amount: $ 8473. Loss from disposal of assets - 2015 Amount: $ -18889.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04177035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03305667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07022624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02029563
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0737496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017272385
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01141
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0354
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0223
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0348
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02066
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01734404
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08473
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt021723
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0-12894
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06787
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02067
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026156
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65000
IRS990ScheduleA/PublicSupportTotal170Amt011245457
IRS990ScheduleA/SubstantialContributorsTotAmt06026928
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04177035
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03305667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07022624
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02029563
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0737496
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt017272385
IRS990ScheduleA/TotalSupportAmt017300607
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0154655
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045363
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0200018
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06334782
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0102251
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033316
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0135567
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0216834
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt088648
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0305482
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05582965
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from paying federal and state income taxes under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Accordingly, no provision has been made for such taxes in the accompanying financial statements. The wholly owned subsidiary was a pass-through entity for income tax reporting purposes and accordingly, did not pay tax on its taxable income. Instead, allocated income or loss was reported on the tax return of the Organization. The entity was subject to a minimum franchise tax for the State of California. Each year, management considers whether any material tax position the Organization has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the Organization has taken are supported by substantial authority and, hence, do not need to be measured or disclosed in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0473740
IRS990ScheduleD/TotalExpensesPerForm990Amt06334782
IRS990ScheduleD/TotalRevenuePerForm990Amt05582965
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05582965
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06334782
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0582822
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS TO ENTREPRENEURS

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