Civic Intelligence

Ada Developers Academy

990 • Fiscal year 2021 • EIN 85-2275400

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 28, 2022

315 5th Ave S 200Seattle, WA 98104

(224) 225-5232

Siviq Scores

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

Liabilities / Assets

18th percentile

0.02x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

9th percentile

0.02x

Higher debt load relative to revenue than 9% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

92nd percentile

66%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

44th percentile

$220,700

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$17,753,765

No earlier filing loaded for comparison.

Net Assets

$17,412,210

No earlier filing loaded for comparison.

Liabilities

$341,555

No earlier filing loaded for comparison.

Revenue

$21,495,090

No earlier filing loaded for comparison.

Expenses

$7,365,161

No earlier filing loaded for comparison.

Net Income

$14,129,929

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2021: $17,753,765Liabilities 2021: $341,555Net Assets 2021: $17,412,2102021Assets 2022: $19,298,549Liabilities 2022: $4,667,933Net Assets 2022: $14,630,6162022Assets 2023: $4,875,660Liabilities 2023: $1,035,595Net Assets 2023: $3,840,0652023Assets 2024: $4,076,090Liabilities 2024: $1,816,016Net Assets 2024: $2,260,0742024

Highlighted filing

2021

Assets$17,753,765
Liabilities$341,555
Net Assets$17,412,210

Operations Trend

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

$30M$20M$10M$0-$10M-$20MRevenue 2021: $21,495,090Expenses 2021: $7,365,161Net Income 2021: $14,129,9292021Revenue 2022: $11,410,776Expenses 2022: $14,192,370Net Income 2022: -$2,781,5942022Revenue 2023: $4,821,610Expenses 2023: $15,199,146Net Income 2023: -$10,377,5362023Revenue 2024: $3,624,157Expenses 2024: $5,177,962Net Income 2024: -$1,553,8052024

Highlighted filing

2021

Revenue$21,495,090
Expenses$7,365,161
Net Income$14,129,929
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 28, 2022
Return Version
2021v4.2
Gross Receipts
$27,357,430
Mission and Program Overview

Mission

Ada developers academy's mission is to prepare women and gender-expansive adults to be software developers while advocating for inclusive and equitable work environments. Continued on schedule o.ada is a nonprofit, tuition-free coding school primarily serving the needs of black, latine, indigenous americans, native hawaiian and pacific islander, lgbtqia+, and low-income people. After six months in class and a five month internship, students are prepared to be junior software developers. Our tuition-free training program includes a collaborative learning environment, individualized support (mentors, tutors, mental health support, affinity groups), and an applied learning internship. Ada works to increase the economic power of our graduates by training and preparing their entrance into the tech industry. Ada teaches our students to be skilled, confident, and flexible at learning new technologies.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$10,002,439-
Cash and Non-Interest-Bearing Accounts-$4,076,241-
Pledges and Grants Receivable-$2,060,500-
Other Notes and Loans Receivable, Net-$784,415-
Prepaid Expenses and Deferred Charges-$337,285-
Land, Buildings, and Equipment, Net$0$249,268▲ $249,268
Total Assets$0$17,753,765▲ $17,753,765
Other Assets Total$0$243,617▲ $243,617
Liabilities
Accounts Payable and Accrued Expenses-$341,555-
Total Liabilities$0$341,555▲ $341,555
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$13,727,894-
Net Assets With Donor Restrictions-$3,684,316-
Total Net Assets Fund Balance$0$17,412,210▲ $17,412,210
Total Liabilities and Net Assets / Fund Balance$0$17,753,765▲ $17,753,765

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$236,852$87,952$324,804
Leasehold Improvements$12,416-$12,416
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lauren SatoCEOFT$215,046$5,654$220,700
Lisa FloresFormer VP of OperationsFT$199,379-$199,379
Alexandra HolienVP of Strategic Partnerships, Deputy DirectorFT$146,736-$146,736
Bethany LindseyVP of EducationFT$143,746-$143,746
Christopher McanallyPrincipal InstructorFT$128,884-$128,884
Jenna HanchardDirector of Corporate TrainingFT$117,929-$117,929

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$21,456,492
Program Service Revenue
$0
Investment Income
$33,152
Other Revenue
$5,446
All Other Contributions
$21,371,298
Change in Net Assets
$14,129,929

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2,766$5,862,412Selling price.
Total Noncash Contributions2,766$5,862,412-

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,495,090
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$21,495,090
Total Revenue per Form 990
$21,495,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,911,958
Other Expenses$3,116,667
Grants and Similar Amounts Paid$278,083
Total Fundraising Expense$146,294
Professional Fundraising Fees$58,453

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,093,015$871,220$61,136$3,025,371
Fees for Services Other$1,530,266$26,786-$1,557,052
Office Expenses$388,549$163,294$2,285$554,128
Other Employee Benefits$201,399$76,022$5,334$282,755
Payroll Taxes$201,182$75,940$5,329$282,451
Grants to Domestic Individuals$278,083--$278,083
Current Officers, Directors, Trustees, and Key Employees$220,700--$220,700
Information Technology$55,559$93,414-$148,973
Fees for Services Legal$71,777$42,943-$114,720
Pension Plan Contributions$70,086$28,589$2,006$100,681
Conferences and Meetings$19,403$42,711-$62,114
Depreciation Depletion$45,810$16,095-$61,905
Fees for Services Management-$59,000-$59,000
Fees for Services Professional Fundraising--$58,453$58,453
Other Expenses$34,881$12,949$0$47,830
All Other Expenses$15,750$27,883-$43,633
Fees for Services Accounting-$43,538-$43,538
Total Functional Expenses$5,537,290$1,681,577$146,294$7,365,161

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,365,161
Total Expenses per Audited Statements$7,365,161
Total Expenses per Form 990$7,365,161
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$58,453
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
Backup withholding compliance
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
Yes
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, Part VI, Section B, line 11B

Form 990 will be made available to Board prior to filing, via email or shared drive.

Form 990, Part VI, Section B, line 12C

Conflict of Interest policies were maintained including questionnaires required for completion annually. These are reviewed with any conflicts noted.

Form 990, Part VI, Section B, line 15

CEO/Key Employee compensation is reviewed and determined by independent persons of the Board on the Board Executive Committee and Comp Committee, utilizing comparable data from PayScale based on similar industry, location, and experience. Deliberation and decision is documented in notes and approval.

Form 990, Part VI, Section C, line 19

Upon request.

Filing and Contact Details

Filer

Filer Name
Ada Developers Academy
EIN
85-2275400
Phone
2242255232
Address
315 5th Ave S 200, Seattle, WA 98104

Signing Officer

Name
Lauren Sato
Title
CEO
Phone
2242255232
Signed
2022-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lauren Sato
Formed
2020
Legal Domicile
Wa
Voting Board Members
11
Independent Board Members
11
Employees
54
Volunteers
358

Preparer

Firm
Greenwood Ohlund PS
Address
4241 21st Ave W Suite 400, Seattle, WA 98199
Preparer
Matt S Smith
Phone
2067821767
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of Organization Mission:

Ada Developer Academy's mission is to prepare women and gender-expansive adults to be software developers while advocating for inclusive and equitable work environments. Ada is a nonprofit, tuition-free coding school primarily serving Black, Latine, Indigenous Americans, Native Hawaiian and Pacific Islander, LGBTQIA+, and low-income people. After six months in class and a five-month internship, students are prepared to be junior software developers. Our tuition-free training program includes a collaborative learning environment, individualized support, and an applied learning internship.

Form 990, Part III, Line 1, Description of Organization Mission:

Ada is a nonprofit, tuition-free coding school primarily serving Black, Latine, Indigenous Americans, Native Hawaiian and Pacific Islander, LGBTQIA+, and low-income people. After six months in class and a five-month internship, students are prepared to be junior software developers. Our tuition-free training program includes a collaborative learning environment, individualized support (mentors, tutors, mental health support, affinity groups), and an applied learning internship. Ada envisions a world in which women, BIPOC (Black, Indigenous, People of Color), and gender-expansive people achieve economic power through careers in tech. Ada works to increase the economic power of our graduates by training and preparing their entrance into high-paying tech jobs in the nation's highest growth industry. Ada teaches our students to be skilled, confident, and flexible at learning new technologies.

Form 990, Part IX, line 11G

Other: Program service expenses 119,430. Management and general expenses 26,786. Fundraising expenses 0. Total expenses 146,216. Stipend Honoraria: Program service expenses 1,410,836. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,410,836.

Form 990, Part XI, line 9:

Assets transferred from TSNE 501(c)(3) organization 3,282,281.

Form 990, Schedule A, Part II, Section A

Contributions and Grants revenue total of $21,456,492 includes $9,657,602 in sponsorships, $11,581,831 in grants, and $217,059 in donations. $10,000,000 of the grant funds received were provided for multi-year funding, and do not represent a typical expectation of future year grant awards.

Financial Statement Notes

Part X, Line 2:

The Organization is exempt from income taxes under Internal Revenue Code Section 501(c)(3).

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IRS990/Desc0Education: Our highly immersive and cost-free program combines classroom training and an educational internship to teach our students both how to write code (practical tools and computer science fundamentals) and how to be a software developer (leadership, inclusivity, and career). Our core values are building and contributing to a supportive community, creating and advocating for inclusivity; and teaching and practicing lifelong learning, all within the tech industry. We empower students in their learning, meeting them where they are and supporting the whole person alongside their education. We teach full-stack web development, allowing students to choose what specialty of software development they want to pursue in their post-Ada careers. Continued on Schedule O.We teach industry standard coding languages Python, SQL, Flask, HTML and CSS, JavaScript, and computer science fundamentals in our curriculum. During the first six months of our training program, students attend full-time classes at our Seattle campus or virtually through our Digital campus. All courses are taught live by highly experienced Ada instructors. Instructors are supported by a team of curriculum staff, student success coaches, and campus program directors. In 2021, over 180 students attended classroom training. The classroom experience is not the typical lecture format. We cater to various learning styles and keep the classroom dynamic and collaborative, not competitive. Students learn by doing, and their cohort group of classmates and Ada staff are their support system.
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IRS990/Form990PartVIISectionAGrp/PersonNm11Lauren Sato
IRS990/Form990PartVIISectionAGrp/PersonNm12Lisa Flores
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12Former VP of Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP of Strategic Partnerships, Deputy Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP of Education
IRS990/Form990PartVIISectionAGrp/TitleTxt15Principal Instructor
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director of Corporate Training
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IRS990/MissionDesc0Ada Developer Academy's mission is to prepare women and gender-expansive adults to be software developers while advocating for inclusive and equitable work environments. Continued on Schedule O.
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IRS990/PrincipalOfficerNm0Lauren Sato
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IRS990/ProgSrvcAccomActy2Grp/Desc0Student Services Stipend Honoraria: Ada addresses and provides solutions to remove barriers and challenges of underrepresented minorities entering the tech industry through our educational programs and support services. Over 75% of our students are low-income and are able to participate in our program with support from Ada. During the last 5 months of our 11 month program, students attend an educational internship that Ada has arranged for them with our corporate sponsors. During their internship, students receive a monthly stipend for living expenses to enable their participation in our full-time program.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Strategic Partnerships: Our educational internship is a full-time commitment for five months in which each student is placed with an Ada company sponsor, either in-person at the company's office or via a remote internship. Completion of the internship is required for graduation from the Ada program. The primary objective of the internship is to learn and acquire the skills necessary to become a junior software engineer. Each intern will have support from at least one assigned mentor on their internship team, and meet several times per week. Continued on Schedule O. The Ada Internship and Career Services team provides support throughout the duration of the internship, including career and professional development training and workshops, continuing education Computer Science Fundamentals sessions once per week, ongoing interview preparation and job-seeker career coaching, and job search support post-graduation. Students are taught skills to enable them to adapt and thrive in any job position in their career.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Most boot camps last 3-4 months without an internship. Our 11 month program provides a holistic approach to setting up our students for success. Ada's goal is for each student to be successful. We want students to bring their whole selves to class and internship every day. We try to alleviate our students' barriers and challenges while learning by making sure students are supported throughout the program with wrap-around supports such as child-care, loaner laptops, financial assistance, mental health therapy, 1:1 tutoring, student success coaches, learning management system, inclusion and self-advocacy training, and industry mentors. We also hold group events, facilitate outreach events and informational sessions for prospective students, and provide both in-class and remote classroom learning. Beyond the classroom and internship, we support our alums through various workshops, such as social justice workshops to build community, create accountability, and to shift company cultures to become more inclusive, and workshops on financial planning. We foster a safe space for our students and alums by encouraging folks to connect and build their professional network with their classmates and industry mentors to create a community amongst like-minded individuals. Ada isn't just about Code. Economic Justice is an important part of our program to help the communities and the individuals we serve to reach a higher potential. Individuals reportedly have more autonomy to start or build their careers and financial wellness. Ada hosts workshops, critical conversations, and presentations around racial justice and beyond.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income taxes under Internal Revenue Code Section 501(c)(3).
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