Code The Dream Inc
- Assets
- $4.6m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 79
- Location
- Durham, NC
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-3275886
Organization Overview
Code The Dream Inc is located in Durham, NC. The organization was established in 2009. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Code The Dream Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Code The Dream Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Code The Dream Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 45.8% each year . All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 53.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CODE THE DREAM CREATES OPPORTUNITY THAT CHANGES LIVES, BUILDS TECHNOLOGY THAT BENEFITS OUR COMMUNITIES, AND SUPPORTS THE DIVERSITY THAT DRIVES A MORE JUST AND INNOVATIVE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CODE THE DREAM STARTS WITH FREE INTENSIVE TECH TRAINING FOR PEOPLE FROM DIVERSE AND LOW-INCOME BACKGROUNDS. IN CTD LABS, APPRENTICES HONE THOSE SKILLS BY DEVELOPING REAL-WORLD APPS THAT BENEFIT OUR COMMUNITIES. CTDS MODEL OFFERS A UNIQUE WIN-WIN, WHERE PARTICIPANTS GAIN HANDS-ON EXPERIENCE BUILDING APPS THAT MAKE THE WORLD A BETTER PLACE, AND THEN USE THAT EXPERIENCE TO LAUNCH LIFE-CHANGING CAREERS.IN 2023, CTD EXPANDED RAPIDLY TO ADDRESS OUR NATIONS GROWING OPPORTUNITY AND WEALTH GAP, AND TO ENSURE THAT PEOPLE FROM ALL BACKGROUNDS HAVE A VOICE IN CREATING SOLUTIONS TO OUR MOST PRESSING PROBLEMS. 2023 DATA POINTS: 1,774 APPLICANTS AND 330 STUDENTS FROM 36 STATES // APPRENTICES GAINED REAL-WORLD EXPERIENCE BUILDING 25 APPS, MANY DIRECTLY IMPROVING THE LIVES OF LOW-INCOME FAMILIES AND MARGINALIZED COMMUNITIES // OVER 90% OF CTD APPRENTICES ALREADY HAD JOB OFFERS WHEN THEY LEFT CTD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Rearick Co-Executive Director | OfficerTrustee | 60 | $139,423 |
Daisy Magnus-Aryitey Co-Executive Director | OfficerTrustee | 60 | $139,923 |
Thomas Rau Director Of Ctd Labs | 50 | $106,269 | |
Usha Pasi Director | Trustee | 1 | $0 |
Aris Buinevicius Director | Trustee | 1 | $0 |
Alex Boakye Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,112,151 |
| Noncash contributions included in lines 1a–1f | $21,567 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,112,151 |
| Total Program Service Revenue | $1,736,448 |
| Investment income | $37,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,886,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $385,616 |
| Compensation of current officers, directors, key employees. | $54,162 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,754,494 |
| Pension plan accruals and contributions | $127,116 |
| Other employee benefits | $241,279 |
| Payroll taxes | $288,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $357,262 |
| Advertising and promotion | $3,060 |
| Office expenses | $3,839 |
| Information technology | $89,090 |
| Royalties | $0 |
| Occupancy | $21,567 |
| Travel | $22,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,684 |
| Insurance | $942 |
| All other expenses | $562 |
| Total functional expenses | $4,379,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $872,843 |
| Savings and temporary cash investments | $2,847,234 |
| Pledges and grants receivable | $621,751 |
| Accounts receivable, net | $42,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,661 |
| Net Land, buildings, and equipment | $131,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,492 |
| Total assets | $4,607,345 |
| Accounts payable and accrued expenses | $50,268 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,231,140 |
| Total liabilities | $1,281,408 |
| Net assets without donor restrictions | $1,698,771 |
| Net assets with donor restrictions | $1,627,166 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,607,345 |