Civic Intelligence

Code Nation Inc.

990 • Fiscal year 2018 • EIN 46-0557527

Aug 01, 2017 to Jul 31, 2018 • Filed on Jun 04, 2019

85 Broad Street 17th FloorNew York, NY 10004

(917) 565-6767

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

83rd percentile

23%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,063,936

Up $382,447 (+23%) from 2017

Net Assets

Up

$2,021,727

Up $375,962 (+23%) from 2017

Liabilities

Up

$42,209

Up $6,485 (+18%) from 2017

Revenue

Up

$3,159,342

Up $359,349 (+13%) from 2017

Expenses

Up

$2,783,380

Up $737,799 (+36%) from 2017

Net Income

Down

$375,962

Down $378,450 (-50%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $363,784Liabilities 2014: $13,818Net Assets 2014: $349,9662014Assets 2016: $943,014Liabilities 2016: $51,661Net Assets 2016: $891,3532016Assets 2017: $1,681,489Liabilities 2017: $35,724Net Assets 2017: $1,645,7652017Assets 2018: $2,063,936Liabilities 2018: $42,209Net Assets 2018: $2,021,7272018Assets 2019: $1,701,721Liabilities 2019: $37,988Net Assets 2019: $1,663,7332019Assets 2020: $5,144,792Liabilities 2020: $626,738Net Assets 2020: $4,518,0542020Assets 2021: $7,686,405Liabilities 2021: $800,681Net Assets 2021: $6,885,7242021Assets 2024: $311,624Liabilities 2024: $125,538Net Assets 2024: $186,0862024

Highlighted filing

2018

Assets$2,063,936
Liabilities$42,209
Net Assets$2,021,727

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $582,687Expenses 2014: $248,834Net Income 2014: $333,8532014Revenue 2016: $1,545,864Expenses 2016: $1,394,661Net Income 2016: $151,2032016Revenue 2017: $2,799,993Expenses 2017: $2,045,581Net Income 2017: $754,4122017Revenue 2018: $3,159,342Expenses 2018: $2,783,380Net Income 2018: $375,9622018Revenue 2019: $3,620,491Expenses 2019: $3,978,485Net Income 2019: -$357,9942019Revenue 2020: $6,703,150Expenses 2020: $3,848,829Net Income 2020: $2,854,3212020Revenue 2021: $6,541,443Expenses 2021: $4,173,773Net Income 2021: $2,367,6702021Revenue 2024: $2,466,919Expenses 2024: $5,346,217Net Income 2024: -$2,879,2982024

Highlighted filing

2018

Revenue$3,159,342
Expenses$2,783,380
Net Income$375,962
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Jun 4, 2019
Return Version
2017v2.2
Gross Receipts
$3,159,342
Mission and Program Overview

Mission

Code Nation equips students in under-resourced high schools with the skills, experiences, and connections that together create access to careers in technology.

ScriptEd equips students in under-resourced schools with the fundamental coding skills and professional experiences that together create access to careers in technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$909,365$1,126,150▲ $216,785
Pledges and Grants Receivable$757,450$891,481▲ $134,031
Land, Buildings, and Equipment, Net$8,719$43,005▲ $34,286
Prepaid Expenses and Deferred Charges$5,955$3,300▼ $2,655
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$1,681,489$2,063,936▲ $382,447
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$35,724$42,209▲ $6,485
Total Liabilities$35,724$42,209▲ $6,485
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,277,770$1,824,840▲ $547,070
Unrestricted Net Assets$367,995$196,887▼ $171,108
Total Net Assets Fund Balance$1,645,765$2,021,727▲ $375,962
Total Liabilities and Net Assets / Fund Balance$1,681,489$2,063,936▲ $382,447

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$43,005$77,477$120,482
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maurya CouvaresCo-Founder & EDFT$120,508$11,290$131,798

Board Members and Trustees

NameTitle
Josh SilvermanChairman
Caryn EffronBoard Member
Dahni-El GilesBoard Member
Eileen AptmanBoard Member
Lauren StatesBoard Member
Peter Boyce IIBoard Member
Sarah MinBoard Member
Scott MeyerBoard Member
Stephanie J HullBoard Member
Elizabeth DavidsonCo-Founder
Revenue and Support

Revenue Composition

Contributions and Grants
$2,835,453
Program Service Revenue
$323,570
Investment Income
$0
Other Revenue
$319
All Other Contributions
$2,835,453
Change in Net Assets
$375,962

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$252,458Fair Market Value (FMV)
Total Noncash Contributions1$252,458-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,159,342
Revenue Not Reported on Form 990
$1,131,395
Total Revenue per Audited Statements
$4,290,737
Total Revenue per Form 990
$3,159,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,998,061
Other Expenses$675,579
Total Fundraising Expense$396,435
Grants and Similar Amounts Paid$109,740
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,218,655$100,750$183,863$1,503,268
Other Employee Benefits$158,116$14,246$24,837$197,199
Current Officers, Directors, Trustees, and Key Employees$74,698$37,349$37,349$149,396
Occupancy$106,274$11,155$18,015$135,444
Payroll Taxes$101,952$10,701$17,283$129,936
Grants to Domestic Individuals$109,740--$109,740
Other Expenses$94,246$21,435$99,785$99,785
Fees for Services Accounting-$47,648-$47,648
Office Expenses$15,636$1,641$2,650$19,927
Pension Plan Contributions$14,329$1,504$2,429$18,262
Depreciation Depletion$18,111--$18,111
Fees for Services Other$13,339$1,400$2,261$17,000
Advertising-$11,993-$11,993
Insurance$7,985$838$1,354$10,177
Travel$9,056$155$250$9,461
Fees for Services Legal-$204-$204
Total Functional Expenses$2,125,926$261,019$396,435$2,783,380

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,914,775
Expenses per Audited Statements$2,783,380
Total Expenses per Form 990$2,783,380
Expenses Not Reported on Form 990$1,131,395
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Audit committee
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
No
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

Management reviewed a draft of the form 990 with the audit/ finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board directors prior to being filed with the IRS.

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

The Conflict of Interest policy requires that an annual disclosure is signed as well as obliges each individual to raise any potential conflict of interest as it arises. All Board members and officers are required to sign the Conflict of Interest form. If a Member is deemed to have a conflict they are required to abstain from voting on the issue.

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

The Board discussed, reviewed and approved the compensation for the Executive Director using comparable data from other nonprofits.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Board discussed, reviewed and approved the compensation for the key employees using comparable data from other nonprofits.

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

The Organization makes its governing documents and tax information returns available to the public upon request.

Filing and Contact Details

Filer

Filer Name
ScriptEd Inc
EIN
46-0557527
Phone
9175656767
Address
85 Broad Street 17th Floor, New York, NY 10004

Signing Officer

Name
Rebecca Novak
Title
CEO
Signed
2019-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Novak
Formed
2012
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
10
Employees
81
Volunteers
240

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

ScriptEd, Inc. does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending July 31, 2015 and later are subject to examination by applicable tax auhtorities.

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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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