Civic Intelligence

Sankofatech Inc.

990EZ • Fiscal year 2023 • EIN 47-4152293

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 28, 2024

Organization ProfileSankofatech.org
7 Jerome PLNorth Brunswick, NJ 08902

(347) 350-4165

Siviq Scores

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

Liabilities / Assets

87th percentile

0.54x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

0.54x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

83rd percentile

46%

Higher net margin than 83% of similar nonprofits.

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

Top Officer Pay

84th percentile

$4,250

Higher top officer pay than 84% of similar nonprofits.

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

2023 filings • 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 / Assets87th percentile

Assets

$45,819

No earlier filing loaded for comparison.

Net Assets

$21,175

No earlier filing loaded for comparison.

Liabilities

$24,644

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin83rd 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.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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 across loaded years, with this 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
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 Pay84th 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.

Path#Value
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IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Joseph Abankwa
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07 Jerome PL
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0North Brunswick
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008902
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IRS990EZ/GrossSalesOfInventoryAmt00
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/LandAndBuildingsGrp/BOYAmt00
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IRS990EZ/OccupancyRentUtltsAndMaintAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt44250
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Joseph Abankwa
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Abena Aful
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Kwadwo Nyarko
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Kwaku Kessey
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Wendy Tetteh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Managing Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Program Manager
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Tech Lead
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Tech Lead
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Program Manager
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt020394
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Our mission is to develop the next generation of Black software and data scientists from low-income households.
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0In 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt024644
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt04250
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt045819
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationOtherDesc0Incorporated
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0Sankofatech.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt045819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt048976
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt094795
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IRS990ScheduleA/PublicSupportCY170Pct01
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045819
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt048976
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt094795
IRS990ScheduleA/TotalSupportAmt094795
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^NSBE Conference Sponsorship;10208|AIT Program Scholarship;9500|Grant Writer;469|Google Workspace and Website;217^Total;20394^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Yearly expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph Abankwa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Managing Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03473504165
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SANKOFATECH INC
ReturnHeader/Filer/BusinessNameControlTxt0SANK
ReturnHeader/Filer/EIN0474152293
ReturnHeader/Filer/PhoneNum03473504165
ReturnHeader/Filer/USAddress/AddressLine1Txt07 Jerome PL
ReturnHeader/Filer/USAddress/CityNm0North Brunswick
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008902
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-03-28T22:50:38-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Joseph
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Abankwa
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed 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