Project Tf
- Assets
- $8.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 15
- Location
- San Francisco, CA
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 45-5026246
Organization Overview
Project Tf, operating under the name Code 2040, is located in San Francisco, CA. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Code 2040 employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Code 2040 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 12/2022, Code 2040 generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AN INNOVATION ECONOMY WHERE BLACK AND LATINX PEOPLE ARE CONTRIBUTING AT ALL LEVELS IN ALL ROLES, AT A PROPORTIONAL RATE TO THEIR DEMOGRAPHICS IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM DEVELOPMENT - THE FELLOWS PROGRAM IS AN INTENSIVE CAREER ACCELERATOR FOR BLACK AND LATINX COLLEGE AND GRADUATE-LEVEL COMPUTER SCIENCE STUDENTS. FOR 9 WEEKS BETWEEN JUNE AND AUGUST, THEY INTERN AT A TOP TECHNOLOGY COMPANY AND ENGAGE IN RACIAL EQUITY ADVOCACY WORK. THEY PARTICIPATE IN A SERIES OF LEARNING EXPERIENCES DESIGNED TO GIVE THEM THE TOOLS AND RESOURCES THEY NEED TO NAVIGATE THE TECH INDUSTRY, BUILD A LASTING CAREER, AND ADVOCATE FOR THEMSELVES AND THEIR COMMUNITY. PARTICIPANTS RECEIVE SOCIO-EMOTIONAL, PROFESSIONAL, AND MANAGEMENT DEVELOPMENT THROUGH WORKSHOPS, MENTORSHIP AND COACHING, AND ONLINE ENGAGEMENT. IN THIS PROGRAM, THE ORGANIZATION BUILDS COMMUNITY AND FINDS TACTICAL SOLUTIONS TO THE PROFESSIONAL AND CULTURAL ROADBLOCKS BLACK AND LATINX TECHNOLOGISTS FACE IN THE WORKPLACE.
COMPANY CULTURAL TRANSFORMATION - COMPANY CULTURE TRANSFORMATION OFFERS COMPANY FACING SERVICES GROUNDED IN SOUND CHANGE MANAGEMENT PROCESSES AIMED AT PRODUCING RACIALLY EQUITABLE AND INCLUSIVE COMPANY CULTURES WITHIN THE TECH & INNOVATION INDUSTRIES. THIS INCLUDES WORK SUCH AS: RACIAL EQUITY & INCLUSION TRANSFORMATION TRAININGS, COMPANY COACHING, AND RACIAL EQUITY & INCLUSION ADVISING AND CONSULTING.
WE ARE BUILDING A COMMUNITY OF ENGAGED TECHNOLOGISTS WHO ARE DOING WORK IN THE TECH SECTOR AND IN THEIR COMMUNITY TOWARDS RACIAL EQUITY. THE CODE2040 COMMUNITY ACTIVELY SHARES RESOURCES, TRAININGS AND MENTORSHIP OPPORTUNITIES WITH ONE ANOTHER AND ENGAGES IN VOLUNTEERING, MENTORING, AND ONLINE WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Hedlund Board Chair | OfficerTrustee | 0.5 | $0 |
Sinohe Terrero Treasurer/securtary | OfficerTrustee | 0.5 | $0 |
Kristen Titus Board Member | Trustee | 0.5 | $0 |
Mimi Fox Melton CEO | Officer | 40 | $285,184 |
Selene Chala Jr. Director Of Partnerships | 40 | $110,330 | |
Jocelyn Garibay Director Of People & Opera | 40 | $195,658 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freedom Conspiracy Fundraising Support | 12/30/21 | $120,950 |
Diedra Barber Consulting Corporation Coaching And Training Services | 12/30/21 | $108,925 |
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 | $3,323,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,323,632 |
| Total Program Service Revenue | $542,685 |
| Investment income | $13,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,468 |
| 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 | $3,892,901 |
| 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. | $326,499 |
| Compensation of current officers, directors, key employees. | $28,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $980,584 |
| Pension plan accruals and contributions | $61,550 |
| Other employee benefits | $172,235 |
| Payroll taxes | $93,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $51,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $986,461 |
| Advertising and promotion | $0 |
| Office expenses | $37,584 |
| Information technology | $105,580 |
| Royalties | $0 |
| Occupancy | $2,244 |
| Travel | $18,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,133 |
| Interest | $1,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,474 |
| All other expenses | $0 |
| Total functional expenses | $3,012,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,503,936 |
| Savings and temporary cash investments | $2,473,907 |
| Pledges and grants receivable | $1,746,755 |
| Accounts receivable, net | $84,383 |
| 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 | $17,037 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,826,018 |
| Accounts payable and accrued expenses | $60,173 |
| Grants payable | $0 |
| Deferred revenue | $103,798 |
| 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 | $0 |
| Total liabilities | $163,971 |
| Net assets without donor restrictions | $6,648,615 |
| Net assets with donor restrictions | $2,013,432 |
| 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 | $8,826,018 |