Civic Intelligence

Africa Code Academy Inc.

990EZ • Fiscal year 2019 • EIN 82-2131888

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 18, 2020

567 Bryson AvePalo Alto, CA 94306

(650) 575-1094

Siviq Scores

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

Liabilities / Assets

90th percentile

0.51x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

0.28x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

64th percentile

11%

Higher net margin than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

94th percentile

176%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

55%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,591

Up $2,927 (+176%) from 2018

Net Assets

$2,227

No earlier filing loaded for comparison.

Liabilities

Up

$2,364

Up $2,364 from 2018

Revenue

Up

$8,590

Up $3,042 (+55%) from 2018

Expenses

Up

$7,664

Up $3,781 (+97%) from 2018

Net Income

Down

$926

Down $739 (-44%) from 2018

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2018: $1,664Liabilities 2018: $02018Assets 2019: $4,591Liabilities 2019: $2,364Net Assets 2019: $2,2272019Assets 2020: $25,676Liabilities 2020: $5,765Net Assets 2020: $19,9112020Assets 2021: $108,604Liabilities 2021: $14,865Net Assets 2021: $93,7392021Assets 2022: $44,002Liabilities 2022: $7,633Net Assets 2022: $36,3692022Assets 2023: $16,346Liabilities 2023: $18,383Net Assets 2023: -$2,0372023

Highlighted filing

2019

Assets$4,591
Liabilities$2,364
Net Assets$2,227

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2018: $5,548Expenses 2018: $3,883Net Income 2018: $1,6652018Revenue 2019: $8,590Expenses 2019: $7,664Net Income 2019: $9262019Revenue 2020: $36,643Expenses 2020: $19,457Net Income 2020: $17,1862020Revenue 2021: $252,839Expenses 2021: $179,011Net Income 2021: $73,8282021Revenue 2022: $190,120Expenses 2022: $246,985Net Income 2022: -$56,8652022Revenue 2023: $65,463Expenses 2023: $103,869Net Income 2023: -$38,4062023

Highlighted filing

2019

Revenue$8,590
Expenses$7,664
Net Income$926
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 18, 2020
Return Version
2019v5.0
Gross Receipts
$10,335
Mission and Program Overview

Mission

To nbsp;create nbsp;lasting nbsp;development nbsp;in nbsp;africa nbsp;by nbsp;building nbsp;a nbsp;network nbsp;of nbsp;scholarship-based nbsp;software nbsp;development nbsp;bootcamps nbsp;across nbsp;the nbsp;continent

To create lasting development in Africa by building a network of scholarship-based software development bootcamps across the continent.

Program Services

DescriptionGrantsExpenses
1. Developed curriculum for Programming Basics course. Implemented a test run of the Basics Curriculum at a local elementary school for development purposes. Provided a total of 10 Raspberry Pi workstations for the classroom and had a class of 4 students in grades 1-4.$2,260$2,078
Initiated contacts in the nation of Botswana to prepare for the development of a training platform. Investigated possible options for funding through partnership with the Botswana Innovation Hub and the Botswana Investment and Trade Centre. Preparing the possible launch of a Engineering Residency Program in partnership with local university and corporate partners.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
YongJoon LeePresidentFT$0--
Justin KaginTreasure-$0--
Bonnie SchulkinSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Africa Code Academy Inc
EIN
82-2131888
Phone
6505751094
Address
567 Bryson Ave, Palo Alto, CA 94306

Signing Officer

Name
YongJoon Lee
Title
CEO
Phone
6504853454
Signed
2020-06-18
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Credit card cash back bonus.

Form 990-EZ, Part I, Line 16

Description;Amount^Business Entertainment;345|Continuing Education;61|Gifts;99|Liability Insurance;334|Office Supplies;294|Professional Training;62|Licenses;20|Website and Hosting;1286^Total;2501^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Security Deposit;1350|Projector;105|Recording Equipment;322^Total;1777^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Excess refund for equipment return Alliedelec;1578|Employee purchase reimbursements;648|Capital One Visa Card;138^Total;2364^

Raw XML Appendix193 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/ExplanationTxt0Credit card cash back bonus.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Business Entertainment;345|Continuing Education;61|Gifts;99|Liability Insurance;334|Office Supplies;294|Professional Training;62|Licenses;20|Website and Hosting;1286^Total;2501^
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description;EOY Amount^Excess refund for equipment return Alliedelec;1578|Employee purchase reimbursements;648|Capital One Visa Card;138^Total;2364^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YongJoon Lee
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06504853454
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AFRICA CODE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0AFRI
ReturnHeader/Filer/EIN0822131888
ReturnHeader/Filer/PhoneNum06505751094
ReturnHeader/Filer/USAddress/AddressLine1Txt0567 Bryson Ave
ReturnHeader/Filer/USAddress/CityNm0Palo Alto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094306
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0157.22.13.194
ReturnHeader/ReturnTs02020-06-23T16:28:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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