Civic Intelligence

Africa Code Academy Inc.

990EZ • Fiscal year 2022 • EIN 82-2131888

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

83rd percentile

0.17x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

15th percentile

-30%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$73,333

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 38.6% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

8th percentile

-59%

Faster asset growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-25%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$44,002

Down $64,602 (-59%) from 2021

Net Assets

Down

$36,369

Down $57,370 (-61%) from 2021

Liabilities

Down

$7,633

Down $7,232 (-49%) from 2021

Revenue

Down

$190,120

Down $62,719 (-25%) from 2021

Expenses

Up

$246,985

Up $67,974 (+38%) from 2021

Net Income

Down

-$56,865

Down $130,693 (-177%) from 2021

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

2022

Assets$44,002
Liabilities$7,633
Net Assets$36,369

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

2022

Revenue$190,120
Expenses$246,985
Net Income-$56,865
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$190,120
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
TO CREATE LASTING DEVELOPMENT IN AFRICA BY BUILDING A NETWORK OF SCHOLARSHIP-BASED SOFTWARE DEVELOPMENT BOOTCAMPS ACROSS THE CONTINENT.-$234,904
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
YONGJOON LEEChief Executive OfficerFT$73,333-$73,333
BONNIE SCHULKINSecretary-$0--
JUSTIN KAGINTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Africa Code Academy
EIN
82-2131888
Phone
6505751094
Address
567 BRYSON AVE, PALO ALTO, CA 94306

Signing Officer

Name
Yongjoon Lee
Title
CEO
Phone
6505751094
Signed
2023-11-15

Preparer

Firm
Thrive Advisory Solutions LLC
Address
2191 EBENEZER RD UNIT 36983, ROCK HILL, SC 29732
Preparer
Nicholas a Cunningham
Phone
8036204255
Supplemental Narrative

Additional Explanations

Part I, Line 16

1) other expenses program expenses amount 5837 2) other expenses bank fees amount 3437 3) other expenses office expenses amount 1573 4) other expenses professional training and research amount 1583 5) other expenses travel amount 325 6) other expenses website hosting and telephone amount 317 7) other expenses advertising and promotion amount 264 8) other expenses business entertainment amount 254 9) other expenses other expenses amount 198

990 EZ Page I,line 20

Adjustment of prior period.

Part II, Line 24

1) description other asset boy amount 2020 eoy amount 2090 2) description security deposit boy amount 1675 eoy amount 1675 3) description computer boy amount 0 eoy amount 4680.44

Part II, Line 26

1) description unsecured notes and loans payable boy amount 1941 eoy amount 1941.46 2) description other liabilities boy amount 7356 eoy amount 5691.81

Raw XML Appendix175 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/ExplanationTxt01) OTHER EXPENSES PROGRAM EXPENSES AMOUNT 5837 2) OTHER EXPENSES BANK FEES AMOUNT 3437 3) OTHER EXPENSES OFFICE EXPENSES AMOUNT 1573 4) OTHER EXPENSES PROFESSIONAL TRAINING AND RESEARCH AMOUNT 1583 5) OTHER EXPENSES TRAVEL AMOUNT 325 6) OTHER EXPENSES WEBSITE HOSTING AND TELEPHONE AMOUNT 317 7) OTHER EXPENSES ADVERTISING AND PROMOTION AMOUNT 264 8) OTHER EXPENSES BUSINESS ENTERTAINMENT AMOUNT 254 9) OTHER EXPENSES OTHER EXPENSES AMOUNT 198
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADJUSTMENT OF PRIOR PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21) DESCRIPTION OTHER ASSET BOY AMOUNT 2020 EOY AMOUNT 2090 2) DESCRIPTION SECURITY DEPOSIT BOY AMOUNT 1675 EOY AMOUNT 1675 3) DESCRIPTION COMPUTER BOY AMOUNT 0 EOY AMOUNT 4680.44
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31) DESCRIPTION UNSECURED NOTES AND LOANS PAYABLE BOY AMOUNT 1941 EOY AMOUNT 1941.46 2) DESCRIPTION OTHER LIABILITIES BOY AMOUNT 7356 EOY AMOUNT 5691.81
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1990 EZ PAGE I,LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART II, LINE 26
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YONGJOON LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06505751094
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AFRICA CODE ACADEMY
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/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0851434698
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THRIVE ADVISORY SOLUTIONS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02191 EBENEZER RD UNIT 36983
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCK HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029732
ReturnHeader/PreparerPersonGrp/PhoneNum08036204255
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICHOLAS A CUNNINGHAM
ReturnHeader/ReturnTs02023-11-12T17:10:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YONGJOON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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