Civic Intelligence

Africa Code Academy Inc.

990EZ • Fiscal year 2020 • EIN 82-2131888

Jan 01, 2020 to Dec 31, 2020 • Filed on May 13, 2021

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

81st percentile

0.22x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.16x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

87th percentile

47%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$14,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 38.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

97th percentile

459%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

327%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$25,676

Up $21,085 (+459%) from 2019

Net Assets

Up

$19,911

Up $17,684 (+794%) from 2019

Liabilities

Up

$5,765

Up $3,401 (+144%) from 2019

Revenue

Up

$36,643

Up $28,053 (+327%) from 2019

Expenses

Up

$19,457

Up $11,793 (+154%) from 2019

Net Income

Up

$17,186

Up $16,260 (+1756%) from 2019

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

2020

Assets$25,676
Liabilities$5,765
Net Assets$19,911

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

2020

Revenue$36,643
Expenses$19,457
Net Income$17,186
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 13, 2021
Return Version
2020v4.0
Gross Receipts
$36,643
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 engineering internships and coding bootcamps across the continent.

Program Services

DescriptionGrantsExpenses
Initiated partnership with Botho University and Botswana trade ministry BITC to create computer science student internship program. Due to COVID-19 travel and lockdown restrictions we were unable to launch the program in 2020. * We hosted a webinar for the Global Expo Botswana 2020 watch attended and viewed by about 1,000 people.$0$405
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
YongJoon LeePresidentFT$14,000-$14,000
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
2021-05-13
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

AccountingFees, Advertising, Bank Service Charges, Business Entertainment, Continuing Education + Dues and Subscriptions, Gifts, Insurance, Office Expenses, Office Supplies, Payroll Employer Taxes, Professional Training, Travel Expense, Website Hosting

Form 990-EZ, Part I, Line 20

Adjustment for last year assets

Form 990-EZ, Part II, Line 24

Computer Equipment

Form 990-EZ, Part II, Line 26

Credit Card, Payroll Liabilities, SBA Loan

Raw XML Appendix208 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/ExplanationTxt1Adjustment for last year assets
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Computer Equipment
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
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ReturnHeader/Filer/EIN0822131888
ReturnHeader/Filer/PhoneNum06505751094
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ReturnHeader/Filer/USAddress/ZIPCd094306
ReturnHeader/ReturnTs02021-05-14T13:54:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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