Civic Intelligence

Project Tf

990 • Fiscal year 2013 • EIN 45-5026246

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

901 Mission StreetSan Francisco, CA 94103

(415) 513-0204

Siviq Scores

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

Liabilities / Assets

68th percentile

0.20x

Higher debt load relative to assets than 68% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

61st percentile

0.08x

Higher debt load relative to revenue than 61% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

83rd percentile

30%

Higher net margin than 83% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

$362,891

No earlier filing loaded for comparison.

Net Assets

$290,188

No earlier filing loaded for comparison.

Liabilities

$72,703

No earlier filing loaded for comparison.

Revenue

$855,398

No earlier filing loaded for comparison.

Expenses

$597,007

No earlier filing loaded for comparison.

Net Income

$258,391

No earlier filing loaded for comparison.

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

2013

Assets$362,891
Liabilities$72,703
Net Assets$290,188

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

2013

Revenue$855,398
Expenses$597,007
Net Income$258,391
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$859,074
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 aims to close the achievement, wealth, and skills gaps for Blacks and Latinos in the United States by creating access, awareness, and opportunities in technology and engineering.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$31,797$242,837▲ $211,040
Accounts Receivable-$86,804-
Land, Buildings, and Equipment, Net-$26,102-
Prepaid Expenses and Deferred Charges-$3,821-
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$31,797$362,891▲ $331,094
Other Assets Total-$3,327-
Liabilities
Accounts Payable and Accrued Expenses-$72,703-
Total Liabilities$0$72,703▲ $72,703
Net Assets / Fund Balance
Unrestricted Net Assets$31,797$290,188▲ $258,391
Total Net Assets Fund Balance$31,797$290,188▲ $258,391
Total Liabilities and Net Assets / Fund Balance$31,797$362,891▲ $331,094

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,102$1,999$28,101
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura Weidman PowersCEOFT$72,283$2,218$74,501

Board Members and Trustees

NameTitle
Tristan WalkerChairman
Bea PerezBoard Member
Ben HorowitzBoard Member
Amber saloner-TennantSecretary
Marc HedlundTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$819,559
Program Service Revenue
$35,000
Investment Income
$348
Other Revenue
$491
All Other Contributions
$819,559
Change in Net Assets
$258,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$327,824
Other Expenses$269,183
Total Fundraising Expense$33,143
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$145,154$50,573$7,063$202,790
Current Officers, Directors, Trustees, and Key Employees$60,573$16,925$4,885$82,383
All Other Expenses$39,492$13,753$3,805$57,050
Fees for Services Accounting-$48,886-$48,886
Travel$19,221$3,737$1,805$24,763
Payroll Taxes$16,506$5,465$1,280$23,251
Other Employee Benefits$13,452$4,819$1,129$19,400
Conferences and Meetings$19,330--$19,330
Other Expenses$11,279$160$12,418$11,439
Fees for Services Legal-$8,063-$8,063
Insurance$4,214$1,118$400$5,732
Fees for Services Management$3,737$587$113$4,437
Depreciation Depletion$1,173$339$102$1,614
Fees for Services Other$41$7$143$191
Total Functional Expenses$397,968$165,896$33,143$597,007
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,099
Fundraising Gross Income$1,523
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Line 11B: Form 990 Review Process

Form 990 is uploaded to Board Portal for each member's review, comment (as needed) and approval. Portal software tracks member's responses and retains all changes and comments.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization regularly and consistently monitors compliance with the policy. Annually in November, Board members, officers and all employess are given a certification and disclosure form with the organization's policy. Each person is required to certify that they have 1)received the policy; 2)read and understodd it; 3)agree to comply with the policy; 4)certify that they have no actual or possible conflict to report or describe any relationships, transactions, or other circumstances that could result in a comflict between the organization interests and their personal financial or other interesrts. All forms are reviewed by the Director of Finance $ Ops. A list of potentially conflicted entities and individuals is maintained for identifying possible conflicts.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Process for determining compensation of the CEO involves using multiple sources to gather 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.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

EIN
45-5026246
Phone
4155130204

Signing Officer

Name
Tristan Walker
Title
Chairman
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Preparer
Robert H Griffin
Phone
5108938114
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IRS990/Desc0Code 2040's goal is to ensure that by the year 2040- when the US majority-minority- Black and Latinos are proportionally represented in America's innovation economy as technologists, investors, thought leaders and entrepreneurs.Our flagship program is our summer Fellows program, which place high performing Black and Latino/a software engineering students in internships with top tech companies and provides them with mentorship and leadership development curriculum.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is uploaded to Board Portal for each member's review, comment (as needed) and approval. Portal software tracks member's responses and retains all changes and comments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization regularly and consistently monitors compliance with the policy. Annually in November, Board members, officers and all employess are given a certification and disclosure form with the organization's policy. Each person is required to certify that they have 1)received the policy; 2)read and understodd it; 3)agree to comply with the policy; 4)certify that they have no actual or possible conflict to report or describe any relationships, transactions, or other circumstances that could result in a comflict between the organization interests and their personal financial or other interesrts. All forms are reviewed by the Director of Finance $ Ops. A list of potentially conflicted entities and individuals is maintained for identifying possible conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Process for determining compensation of the CEO involves using multiple sources to gather 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/WebsiteAddressTxt0www.code2040.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tristan Walker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10PROJECTTF
ReturnHeader/Filer/BusinessName/BusinessNameLine20CODE2040
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0455026246
ReturnHeader/Filer/PhoneNum04155130204
ReturnHeader/Filer/USAddress/AddressLine10901 Mission Street
ReturnHeader/Filer/USAddress/City0San Francisco
ReturnHeader/Filer/USAddress/State0CA
ReturnHeader/Filer/USAddress/ZIPCode094103
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WILLIAMS ADLEY AND CO-CA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101330 BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0OAKLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode094612
ReturnHeader/PreparerPersonGrp/PhoneNum05108938114
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert H Griffin
ReturnHeader/ReturnTs02014-11-17T16:44:01-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31

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