Civic Intelligence

Sankofatech Inc.

EIN 47-4152293 • 501(c)3 • North Brunswick, NJ

RevokedPub. 78 Eligible990-N CoverageNTEE U41

Profile

Our mission is to develop the next generation of Black software and data scientists from low-income households.

Revocation date: May 15, 2018

7 Jerome PLNorth Brunswick, NJ 08902

sankofatech.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.54x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE U • <$500k nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

0.54x

Higher debt load relative to revenue than 91% of similar nonprofits.

NTEE U • <$500k nonprofits • Source year 2023

Net Margin

80th percentile

46%

Higher net margin than 80% of similar nonprofits.

NTEE U • <$500k nonprofits • Source year 2023

Top Officer Pay

85th percentile

$4,250

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

NTEE U • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

$45,819

No earlier filing loaded for comparison.

Liabilities

$24,644

No earlier filing loaded for comparison.

Net Assets

$21,175

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue91st percentileNet Margin80th percentile

Revenue

$45,819

No earlier filing loaded for comparison.

Expenses

$24,644

No earlier filing loaded for comparison.

Net Income

$21,175

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2023: $45,819Liabilities 2023: $24,644Net Assets 2023: $21,1752023

Highlighted filing

2023

Assets$45,819
Liabilities$24,644
Net Assets$21,175
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Revenue 2023: $45,819Expenses 2023: $24,644Net Income 2023: $21,1752023

Highlighted filing

2023

Revenue$45,819
Expenses$24,644
Net Income$21,175
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,819
Liabilities
$24,644
Net assets
$21,175
Revenue
$45,819
Expenses
$24,644
Net income
$21,175
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$45.8$24.6$21.2$45.8$24.6$21.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 28, 2024
Return Version
2023v5.0
Gross Receipts
$45,819
Mission and Program Overview

Mission

Our mission is to develop the next generation of Black software and data scientists from low-income households.

Program Services

DescriptionGrantsExpenses
In 2023, Sankofatech successfully empowered 19 low-income Black college students pursuing computer science careers through mentorship, skills development programs, and approximately $10,000 in scholarships. We further supported student development by sponsoring 5 scholars to attend a technology conference. These efforts resulted in a 90% program satisfaction rate, an 88% internship placement rate, and our entire first cohort remaining on track to graduate in 2024. Building on this success, we plan to expand our cohort to at least 25 students in 2024. These achievements demonstrate Sankofatech's commitment to fostering promising talent and diversifying the technology workforce.$0$24,644
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy TettehProgram ManagerFT$4,250-$4,250
Joseph AbankwaManaging DirectorPT$0--
Abena AfulProgram Manager-$0--
Kwadwo NyarkoTech Lead-$0--
Kwaku KesseyTech Lead-$0--
Filing and Contact Details

Filer

Filer Name
Sankofatech Inc
EIN
47-4152293
Phone
3473504165
Address
7 Jerome PL, North Brunswick, NJ 08902

Signing Officer

Name
Joseph Abankwa
Title
Managing Director
Phone
3473504165
Signed
2024-03-28
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^NSBE Conference Sponsorship;10208|AIT Program Scholarship;9500|Grant Writer;469|Google Workspace and Website;217^Total;20394^”

Form 990-EZ, Part II, Line 26

“Yearly expenses”

Raw XML Appendix171 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Tech Lead
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IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
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