Civic Intelligence

Albany Can Code Inc.

990 • Fiscal year 2024 • EIN 81-2893882

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 01, 2024

75 Troy RoadEast Greenbush, NY 12061

(518) 238-6808

Siviq Scores

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

Liabilities / Assets

88th percentile

0.49x

Higher debt load relative to assets than 88% of similar nonprofits.

2024 filings • NTEE B90 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.32x

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

2024 filings • NTEE B90 • $500k-$1M nonprofits • Source year 2024

Net Margin

9th percentile

-20%

Higher net margin than 9% of similar nonprofits.

2024 filings • NTEE B90 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$93,735

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2024 filings • NTEE B90 • $500k-$1M nonprofits • Source year 2024

Asset Growth

80th percentile

35%

Faster asset growth than 80% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

21%

Faster revenue growth than 62% of similar nonprofits.

2024 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$606,244

Up $156,718 (+35%) from 2023

Net Assets

Up

$311,238

Up $3,696 (+1.2%) from 2023

Liabilities

Up

$295,006

Up $153,022 (+108%) from 2023

Revenue

Up

$934,642

Up $162,916 (+21%) from 2023

Expenses

Down

$1,121,965

Down $102,772 (-8.4%) from 2023

Net Income

Up

-$187,323

Up $265,688 (+59%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2017: $16,640Liabilities 2017: $6,811Net Assets 2017: $9,8292017Assets 2018: $54,512Liabilities 2018: $435Net Assets 2018: $54,0772018Assets 2019: $114,584Liabilities 2019: $12,250Net Assets 2019: $102,3342019Assets 2020: $285,234Liabilities 2020: $71,553Net Assets 2020: $213,6812020Assets 2021: $279,046Liabilities 2021: $51,176Net Assets 2021: $227,8702021Assets 2022: $668,009Liabilities 2022: $141,016Net Assets 2022: $526,9932022Assets 2023: $449,526Liabilities 2023: $141,984Net Assets 2023: $307,5422023Assets 2024: $606,244Liabilities 2024: $295,006Net Assets 2024: $311,2382024Assets 2025: $808,092Liabilities 2025: $360,020Net Assets 2025: $448,0722025

Highlighted filing

2024

Assets$606,244
Liabilities$295,006
Net Assets$311,238

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $109,984Expenses 2017: $100,155Net Income 2017: $9,8292017Revenue 2018: $157,735Expenses 2018: $113,487Net Income 2018: $44,2482018Revenue 2019: $190,692Expenses 2019: $142,435Net Income 2019: $48,2572019Revenue 2020: $547,187Expenses 2020: $435,840Net Income 2020: $111,3472020Revenue 2021: $588,900Expenses 2021: $631,928Net Income 2021: -$43,0282021Revenue 2022: $1,075,919Expenses 2022: $868,931Net Income 2022: $206,9882022Revenue 2023: $771,726Expenses 2023: $1,224,737Net Income 2023: -$453,0112023Revenue 2024: $934,642Expenses 2024: $1,121,965Net Income 2024: -$187,3232024Revenue 2025: $1,394,511Expenses 2025: $1,315,251Net Income 2025: $79,2602025

Highlighted filing

2024

Revenue$934,642
Expenses$1,121,965
Net Income-$187,323
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 1, 2024
Return Version
2023v5.0
Gross Receipts
$934,642
Mission and Program Overview

Mission

Albanycancode works to build a more inclusive and vibrant tech talent pipeline and tech sector workforce in new york's capital region. We partner with stakeholders employers, educators and community to create programs that reduce cultural and economic barriers to participating in the tech economy. Ultimately we work to shift mindset about who can work in technology, and to create open access to pathways to joining the tech economy.

Albany can code, inc. Works to build a more inclusive and vibrant tech talent pipeline and tech sector workforce in new york's capital region. We partner with stakeholder employers, educators and community to create programs that reduce cultural and economic barriers to participating in the tech economy. Ultimately we work to shift mindset about who can work in technology, and to create open access to pathways to joining the tech economy. The organization is building capacity for the tech sector workforce of the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$131,903$400,875▲ $268,972
Cash and Non-Interest-Bearing Accounts$309,514$182,709▼ $126,805
Savings and Temporary Cash Investments-$14,053-
Prepaid Expenses and Deferred Charges$8,109$8,607▲ $498
Total Assets$449,526$606,244▲ $156,718
Liabilities
Accounts Payable and Accrued Expenses$63,757$103,062▲ $39,305
Mortgage Notes Payable Secured by Investment Property$65,321$100,624▲ $35,303
Deferred Revenue$12,906$91,320▲ $78,414
Total Liabilities$141,984$295,006▲ $153,022
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$218,722$203,835▼ $14,887
Net Assets With Donor Restrictions$88,820$107,403▲ $18,583
Total Net Assets Fund Balance$307,542$311,238▲ $3,696
Total Liabilities and Net Assets / Fund Balance$449,526$606,244▲ $156,718
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Annmarie Lanesey PayetteCEOFT$93,735$93,735

Board Members and Trustees

NameTitle
Kyle BisnettChairperson
Lisa Eglin HarrisVice Chairpe
Chelsea BellDirector
David SchultzDirector
Kathy LanniDirector
Laura a DehmerDirector
Mary Malone MccarthyDirector
Steven FlennoryDirector
Tami ColeDirector
Tom KramerDirector
Walter ThorneDirector
Courtney Van PeltTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$666,450
Program Service Revenue
$266,387
Investment Income
$1,805
Other Revenue
$0
All Other Contributions
$174,203
Change in Net Assets
$-187,323

Audited Revenue Reconciliation

Revenue per Audited Statements
$934,642
Revenue Not Reported on Form 990
$191,019
Total Revenue per Audited Statements
$1,125,661
Total Revenue per Form 990
$934,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$663,054
Other Expenses$458,911
Total Fundraising Expense$74,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$392,985$56,731$13,337$463,053
Fees for Services Legal$120,903$24,528$11,200$156,631
Current Officers, Directors, Trustees, and Key Employees$49,673$33,115$27,596$110,384
Fees for Services Other$54,062$10,994$4,980$70,036
Payroll Taxes$38,124$7,739$3,526$49,389
Other Employee Benefits$31,051$6,304$2,873$40,228
Advertising$30,310$6,153$2,804$39,267
Information Technology$16,399$3,328$1,518$21,245
Office Expenses$15,456$3,138$1,430$20,024
Fees for Services Accounting$15,020$3,047$1,392$19,459
Travel$10,706$2,173$990$13,869
Insurance$5,605$1,138$518$7,261
Other Expenses$3,631$737$336$4,704
Interest$1,445$293$134$1,872
All Other Expenses$551$92$42$685
Total Functional Expenses$885,386$162,528$74,051$1,121,965

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,121,965
Total Expenses per Audited Statements$1,121,965
Total Expenses per Form 990$1,121,965
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

The board of directors reviews and approves form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

At all board meetings any conflict of interest on any votes or discussions are addressed at that time.

Form 990, Page 6, Part VI, Line 15A

The board of directors approves the compensation of the ceo.

Form 990, Page 6, Part VI, Line 19

Per the organization's policies, upon written request for an appointment, these items are made available to the public.

Filing and Contact Details

Filer

Filer Name
Albany Can Code Inc
EIN
81-2893882
Phone
5182386808
Address
75 TROY ROAD, EAST GREENBUSH, NY 12061

Signing Officer

Name
Annmarie Lanesey Payette
Title
CEO
Phone
5182386808
Signed
2024-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annmarie Lanesey Payette
Formed
2016
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
16
Volunteers
80

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
John a Criscone CPA
Phone
5187863550
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Albany can code, inc. Works to build a more inclusive and vibrant tech talent pipeline and tech sector workforce in new york's capital region. We partner with stakeholder employers, educators and community to create programs that reduce cultural and economic barriers to participating in the tech economy. Ultimately we work to shift mindset about who can work in technology, and to create open access to pathways to joining the tech economy. The organization is building capacity for the tech sector workforce of the future.

Form 990, Page 2, Part III, Line 4A

Workforce courses: in partnership with community colleges and boces programs, we recruit non-traditional students, screen for aptitude and motivation, then connect to affordable, practical, employment-aligned curriculum and available tuition assistance. We provide in-person instruction: lectures supplemented by labs, many of which involve locally employed mentors, as well as projects and networking events to highlight software industry culture, project management, and other soft skills. We serve two key stakeholder groups: local employers of software and it professionals, and local community members who have the aptitude to work with software but lack local options for trainiig. We partner with stakeholders employers, educators and community to create programs that reduce cultural and economic barriers to participating in the tech economy. Ultimately we work to shift mindset about who can work in technology, and to create open access to pathways to joining the tech economy. Our goal is to build a more inclusive and vibrant tech talent pipeline and tech sector workforce in new york state and beyond.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has not recognized any benefits or liabilities from uncertain tax positions in the current year.

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IRS990/ProgSrvcAccomActy2Grp/Desc0ALBANY CAN CODE, INC.'S WORK IN K12 EQUIPS ADMINISTRATORS AND EMPOWERS TEACHERS TO GIVE STUDENTS POSITIVE, HANDS-ON EXPERIENCES WITH CODING AND COMPUTER SCIENCE. WE PROVIDE ADVISORY SERVICES TO CREATE BOARD, SUPERINTENDENT, BUILDING, AND UNION-LEVEL BUY-IN FOR PRACTICAL, INCLUSIVE PROGRAMS; INCREASE AWARENESS AND UNDERSTANDING ABOUT WORKING IN TECHNOLOGY, ADD INVITE ALL STUDENTS TO CONSIDER PATHWAYS TO CAREERS IN TECHNOLOGY. IN SHORT ALBANY CAN CODE, INC. BRINGS ADVOCACY AND TOOLS SO MORE YOUNG PEOPLE IN OUR REGION ARE ENABLED TO "JUMP THE SCREEN" FROM A PASSIVE USER OF TECHNOLOGY, TO A MAKER OF THE SOFTWARE & TOOLS THAT INTERMEDIATES VIRTUALLY EVERY ASPECT OF OUR ECONOMIC FUNCTIONING.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY PROGRAMS - OUR VIRTUAL DIGITAL LITERACY COMMUNITY PROGRAM WAS DESIGNED TO CREATE A BRIDGE FOR UNDERSERVED POPULATIONS TO TAKE THEIR FIRST STEPS TOWARDS CAREERS IN TECHNOLOGY. NOW MORE THAN EVER THIS PROGRAM HAS THE OPPORTUNITY TO CHANGE THE LIVES OF THOSE WHO CAN PARTICIPATE. STUDENTS IN OUR VIRTUAL DIGITAL LITERACY COURSE WILL HAVE A WIDE RANGE OF EXPERIENCES AND COMPETENCIES, RANGING FROM THOSE WHO HAVE USED A COMPUTER FREQUENTLY IN A PROFESSIONAL ENVIRONMENT, TO THOSE WHO HAVE BARELY USED A COMPUTER AND ARE VERY NERVOUS ABOUT DOING SO. THIS CLASS IS INTENDED TO MEET STUDENTS WHEREVER THEY ARE AND HELP THEM MEET THEIR OWN PERSONAL GOALS, WHETHER THAT IS ENTRY INTO OUR WORKFORCE COMPUTER PROGRAMMING COURSES OR OTHER EMPLOYMENT OPPORTUNITIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NOT RECOGNIZED ANY BENEFITS OR LIABILITIES FROM UNCERTAIN TAX POSITIONS IN THE CURRENT YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALBANY CAN CODE, INC. WORKS TO BUILD A MORE INCLUSIVE AND VIBRANT TECH TALENT PIPELINE AND TECH SECTOR WORKFORCE IN NEW YORK'S CAPITAL REGION. WE PARTNER WITH STAKEHOLDER EMPLOYERS, EDUCATORS AND COMMUNITY TO CREATE PROGRAMS THAT REDUCE CULTURAL AND ECONOMIC BARRIERS TO PARTICIPATING IN THE TECH ECONOMY. ULTIMATELY WE WORK TO SHIFT MINDSET ABOUT WHO CAN WORK IN TECHNOLOGY, AND TO CREATE OPEN ACCESS TO PATHWAYS TO JOINING THE TECH ECONOMY. THE ORGANIZATION IS BUILDING CAPACITY FOR THE TECH SECTOR WORKFORCE OF THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WORKFORCE COURSES: IN PARTNERSHIP WITH COMMUNITY COLLEGES AND BOCES PROGRAMS, WE RECRUIT NON-TRADITIONAL STUDENTS, SCREEN FOR APTITUDE AND MOTIVATION, THEN CONNECT TO AFFORDABLE, PRACTICAL, EMPLOYMENT-ALIGNED CURRICULUM AND AVAILABLE TUITION ASSISTANCE. WE PROVIDE IN-PERSON INSTRUCTION: LECTURES SUPPLEMENTED BY LABS, MANY OF WHICH INVOLVE LOCALLY EMPLOYED MENTORS, AS WELL AS PROJECTS AND NETWORKING EVENTS TO HIGHLIGHT SOFTWARE INDUSTRY CULTURE, PROJECT MANAGEMENT, AND OTHER SOFT SKILLS. WE SERVE TWO KEY STAKEHOLDER GROUPS: LOCAL EMPLOYERS OF SOFTWARE AND IT PROFESSIONALS, AND LOCAL COMMUNITY MEMBERS WHO HAVE THE APTITUDE TO WORK WITH SOFTWARE BUT LACK LOCAL OPTIONS FOR TRAINIIG. WE PARTNER WITH STAKEHOLDERS EMPLOYERS, EDUCATORS AND COMMUNITY TO CREATE PROGRAMS THAT REDUCE CULTURAL AND ECONOMIC BARRIERS TO PARTICIPATING IN THE TECH ECONOMY. ULTIMATELY WE WORK TO SHIFT MINDSET ABOUT WHO CAN WORK IN TECHNOLOGY, AND TO CREATE OPEN ACCESS TO PATHWAYS TO JOINING THE TECH ECONOMY. OUR GOAL IS TO BUILD A MORE INCLUSIVE AND VIBRANT TECH TALENT PIPELINE AND TECH SECTOR WORKFORCE IN NEW YORK STATE AND BEYOND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT ALL BOARD MEETINGS ANY CONFLICT OF INTEREST ON ANY VOTES OR DISCUSSIONS ARE ADDRESSED AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PER THE ORGANIZATION'S POLICIES, UPON WRITTEN REQUEST FOR AN APPOINTMENT, THESE ITEMS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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