Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Honorcode Inc
EIN 81-2616402 • 501(c)3 • Atlanta, GA
Profile
To transform our city's most vulnerable youth into technology entrepreneurs who invest in themselves and their communities. This is executed by providing curriculum and training to teachers and students to learn computer coding for grades k-12.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.06x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 27.7% of source-year revenue.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
60th percentile
Faster revenue growth than 60% of similar nonprofits.
Balance Sheet
Assets
Down$377,810
Down $34,764 (-8.4%) from 2017
Liabilities
Down$398,922
Down $1,078 (-0.3%) from 2017
Net Assets
Down-$21,112
Down $33,686 (-268%) from 2017
Revenue
Up$133,526
Up $7,375 (+5.8%) from 2017
Expenses
Up$167,211
Up $33,578 (+25%) from 2017
Net Income
Down-$33,685
Down $26,203 (-350%) from 2017
Trend Graphs
Filings
Most recent year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $377,810
- Liabilities
- $398,922
- Net assets
- -$21,112
- Revenue
- $133,526
- Expenses
- $167,211
- Net income
- -$33,685
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2018Detailed filing. Detailed filing data is available for this year. | $3.78 | $3.99 | $0.21 | $1.34 | $1.67 | $0.34 |
| 2017Detailed filing. Detailed filing data is available for this year. | $4.13 | $4.00 | $0.13 | $1.26 | $1.34 | $0.07 |
| 2016Detailed filing. Detailed filing data is available for this year. | $3.95 | $3.75 | $0.20 | $1.05 | $0.85 | $0.20 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Oct 24, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $133,526
Mission and Program Overview
Mission
To transform our city's most vulnerable youth into technology entrepreneurs who invest in themselves and their communities. This is executed by providing curriculum and training to teachers and students to learn computer coding for grades k-12.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| N/A | $2,500 | $18,398 |
| CODING TRAINING FOR FACILITATORS | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| - | Founder And | - | $36,923 | - | $36,923 |
| - | Treasurer | - | $0 | - | - |
| - | Secretary | - | $0 | - | - |
| - | Chair | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Honorcode Inc
- EIN
- 81-2616402
- Phone
- 4049854051
- Address
- 104 WYMAN STREET SE, ATLANTA, GA 30317
Signing Officer
- Name
- Eloise Frolet
- Title
- Chair
- Phone
- 4049854051
- Signed
- 2019-10-24
Preparer
- Firm
- Hlm Accounting & Tax Inc
- Address
- 160 CLAIREMONT AVE STE 360, DECATUR, GA 30030
- Preparer
- Mercedes M Pasqualetti Ea
- Phone
- 4048361120
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“From csa import charitable contributions 100 investment depreciation 1,810 expenses advertising 2,384 printing & merchandise 1,643 bank charges 774 business license/permits 30 dues & subscriptions 900 meals and entertainment 580 office supplies 807 website expense 36 student trip expenses 500 travel:air 1,430 travel:lodging 3,575 travel:meals and entertainmen 504 travel:transportation/parking 1,406 insurance:board & director's 646 insurance:employee health 2,285 insurance:liability insurance 3,569 insurance:workers comp 2,584 total 25,563”
Form 990-ez, Part I, Line 20
“Book / tax depreciation difference -1”
Form 990-ez, Part II, Line 24
“Thinkpad x270 laptop 0 905 less accumulated depreciation 0 905 thinkpad x270 laptop 0 905 less accumulated depreciation 0 905 web development 164 268 less accumulated amortization 0 194 grant due from forbes 375,000 0 grant due from forbes 0 375,000 total 375,164 375,074”
Form 990-ez, Part II, Line 26
“Grant restricted - forbes 375,000 0 note payable 25,000 0 accrued expenses 0 4,478 restricted grant - forbes 0 375,000 notes payable - atl seed equity 0 19,444”
Form 990-ez, Part III
“To transform our city's most vulnerable youth into technology entrepreneurs who invest in themselves and their communities. This is executed by providing curriculum and training to teachers and students to learn computer coding for grades k-12.”
Form 990-ez, Part III, Line 31
“N/A”
Raw XML Appendix147 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FROM CSA IMPORT CHARITABLE CONTRIBUTIONS 100 INVESTMENT DEPRECIATION 1,810 EXPENSES ADVERTISING 2,384 PRINTING & MERCHANDISE 1,643 BANK CHARGES 774 BUSINESS LICENSE/PERMITS 30 DUES & SUBSCRIPTIONS 900 MEALS AND ENTERTAINMENT 580 OFFICE SUPPLIES 807 WEBSITE EXPENSE 36 STUDENT TRIP EXPENSES 500 TRAVEL:AIR 1,430 TRAVEL:LODGING 3,575 TRAVEL:MEALS AND ENTERTAINMEN 504 TRAVEL:TRANSPORTATION/PARKING 1,406 INSURANCE:BOARD & DIRECTOR'S 646 INSURANCE:EMPLOYEE HEALTH 2,285 INSURANCE:LIABILITY INSURANCE 3,569 INSURANCE:WORKERS COMP 2,584 TOTAL 25,563 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOOK / TAX DEPRECIATION DIFFERENCE -1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THINKPAD X270 LAPTOP 0 905 LESS ACCUMULATED DEPRECIATION 0 905 THINKPAD X270 LAPTOP 0 905 LESS ACCUMULATED DEPRECIATION 0 905 WEB DEVELOPMENT 164 268 LESS ACCUMULATED AMORTIZATION 0 194 GRANT DUE FROM FORBES 375,000 0 GRANT DUE FROM FORBES 0 375,000 TOTAL 375,164 375,074 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GRANT RESTRICTED - FORBES 375,000 0 NOTE PAYABLE 25,000 0 ACCRUED EXPENSES 0 4,478 RESTRICTED GRANT - FORBES 0 375,000 NOTES PAYABLE - ATL SEED EQUITY 0 19,444 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO TRANSFORM OUR CITY'S MOST VULNERABLE YOUTH INTO TECHNOLOGY ENTREPRENEURS WHO INVEST IN THEMSELVES AND THEIR COMMUNITIES. THIS IS EXECUTED BY PROVIDING CURRICULUM AND TRAINING TO TEACHERS AND STUDENTS TO LEARN COMPUTER CODING FOR GRADES K-12. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | N/A |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DECATUR |
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| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
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