Project Tf
- Assets
- $8.3m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 13
- Location
- San Francisco, CA
- Founding
- 08/2013
- Data as of
- 12/2021
- 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 12/2021, Code 2040 employed 13 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 12/2021, Code 2040 generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
2021
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 TECH 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.
STUDENT PROGRAMS DEVELOPMENT - THE EARLY CAREER ACCELERATOR PROGRAM IS FOR BLACK AND LATINX TECHNOLOGISTS IN THE FIRST 2 YEARS OF THEIR CAREER IN TECH. PROGRAM PARTICIPANTS RECEIVE SOCIO-EMOTIONAL, PROFESSIONAL, AND MANAGEMENT DEVELOPMENT THROUGH IN-PERSON WORKSHOPS, MENTORSHIP AND COACHING, AND ONLINE ENGAGEMENT. IN THIS PROGRAM, WE BUILD COMMUNITY, MAKE SPACE TO COMMISERATE, AND MOST IMPORTANTLY, FIND TACTICAL SOLUTIONS TO THE PROFESSIONAL AND CULTURAL ROADBLOCKS BLACK AND LATINX TECHNOLOGISTS FACE IN THE WORKPLACE. THE ORGANIZATION'S GOAL IS TO ENSURE THAT OUR COMMUNITIES ARE ABLE TO NOT ONLY SURVIVE BUT THRIVE IN THE WORKPLACE.
COMMUNITY MOBILIZATION DEPARTMENT - THE ORGANIZATION'S COMMUNITY IS FULL OF PEOPLE ACTIVELY WORKING ON RACIAL EQUITY. WHILE THE ORGANIZATION INTERACTS AND ENGAGES WITH THE COMMUNITY, THEY ARE STEWARDED BY THEIR WISDOM, DRIVEN BY THEIR PERSONAL EXPERIENCE, ACTIVE IN THEIR REGIONAL AND ORGANIZATIONAL SPHERES, AND SUPPORTED BY THEIR NETWORK. THE ORGANIZATION RELENTLESSLY DECENTRALIZES CODE2040 AS THE CONVENER OF THIS MOVEMENT, INSTEAD, THE ORGANIZATION CONSISTENTLY SERVES WITH INSPIRATION, EMPOWERMENT, AND RESOURCES.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mimi Fox Melton CEO | Officer | 40 | $230,020 |
Jocelyn Garibay Director Of People & Operations | 40 | $194,572 | |
Karla Monterroso CEO Emeritus | Officer | 40 | $151,298 |
Danielle Hawthorne VP Of Programs | 40 | $134,010 | |
Fernesha Echevarria Development Manager | 40 | $115,655 | |
Marc Hedlund Treasurersec Then Chair As Of Sept. 2021 | OfficerTrustee | 0.5 | $0 |
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 | $218,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,001,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,220,614 |
| Total Program Service Revenue | $1,059,018 |
| Investment income | $2,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,597 |
| 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 | $5,306,075 |
| 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. | $406,008 |
| Compensation of current officers, directors, key employees. | $21,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $723,805 |
| Pension plan accruals and contributions | $2,700 |
| Other employee benefits | $124,425 |
| Payroll taxes | $85,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,055 |
| Fees for services: Accounting | $24,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $97,950 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $825,085 |
| Advertising and promotion | $424 |
| Office expenses | $31,551 |
| Information technology | $114,060 |
| Royalties | $0 |
| Occupancy | $39,613 |
| Travel | $5,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,201 |
| Interest | $90 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,446 |
| Insurance | $14,007 |
| All other expenses | $0 |
| Total functional expenses | $2,570,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,183,914 |
| Savings and temporary cash investments | $2,172,202 |
| Pledges and grants receivable | $1,748,082 |
| Accounts receivable, net | $205,255 |
| 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 | $9,986 |
| 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 | $8,319,439 |
| Accounts payable and accrued expenses | $81,132 |
| Grants payable | $0 |
| Deferred revenue | $405,583 |
| 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 | $51,521 |
| Other liabilities | $0 |
| Total liabilities | $538,236 |
| Net assets without donor restrictions | $6,012,030 |
| Net assets with donor restrictions | $1,769,173 |
| 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 | $8,319,439 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Project Tf has recieved totaling $528,403.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Civil Participation | $256,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $155,051 |
Plusoneplusoneplusone San Francisco, CA PURPOSE: Black Creatives | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,250 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $5,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |