Code Nation Inc
- Assets
- $7.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 03/2013
- Data as of
- 07/2021
- EIN
- 46-0557527
Organization Overview
Code Nation Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 07/2021, Code Nation Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Code Nation 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 07/2021, Code Nation Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $4.2m during the year ending 07/2021. While expenses have increased by 20.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CODE NATION EQUIPS STUDENTS IN UNDER-RESOURCED HIGH SCHOOLS WITH THE SKILLS, EXPERIENCES, AND CONNECTIONS THAT TOGETHER CREATE ACCESS TO CAREERS IN TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CODE NATION SERVED 1367 STUDENTS DURING THE 2020-2021 SCHOOL YEAR, INCLUDING 1087 IN OUR INTRODUCTION TO WEB DEVELOPMENT COURSES, IN BOTH NEW YORK CITY, THE SAN FRANCISCO BAY AREA, AND CHICAGO. 225 STUDENTS PARTICIPATED IN OUR FELLOWSHIP PROGRAM HOSTED BY PARTNERING TECH COMPANIES. 67% OF ALUMNI WHO COMPLETED CODE NATION'S FELLOWSHIP PROGRAMS ARE ON TRACK FOR STEM CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Novak Executive Dir. | Officer | 40 | $173,220 |
Robert Bonner Managing Director | 40 | $119,700 | |
Shantina Jackson-Romero Managing Director | 40 | $115,819 | |
Shane A Morris Managing Director | 40 | $105,800 | |
Josh Silverman Chairman | OfficerTrustee | 2 | $0 |
Maurya Couvares Co-Found/ceo Em | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $581,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,778,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,360,749 |
| Total Program Service Revenue | $180,360 |
| Investment income | $0 |
| 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 | $6,541,443 |
| 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. | $188,822 |
| Compensation of current officers, directors, key employees. | $28,323 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,513,642 |
| Pension plan accruals and contributions | $21,589 |
| Other employee benefits | $503,244 |
| Payroll taxes | $200,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,193 |
| Fees for services: Accounting | $31,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $280,610 |
| Advertising and promotion | $12,406 |
| Office expenses | $71,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,397 |
| Travel | $2,323 |
| 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 | $2,911 |
| Insurance | $8,401 |
| All other expenses | $0 |
| Total functional expenses | $4,173,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,326,365 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,353,832 |
| Accounts receivable, net | $0 |
| 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 | $6,208 |
| 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 | $7,686,405 |
| Accounts payable and accrued expenses | $193,688 |
| 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 | $606,993 |
| Other liabilities | $0 |
| Total liabilities | $800,681 |
| Net assets without donor restrictions | $5,248,895 |
| Net assets with donor restrictions | $1,636,829 |
| 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 | $7,686,405 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Code Nation Inc has recieved totaling $321,663.
| Awarding Organization | Amount |
|---|---|
Arbor Brothers Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $57,327 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $45,000 |
The Christopher Family Foundation Westmont, IL PURPOSE: CODE NATION CHICAGO CODING AND CAREER PREPARATION PROGRAM | $30,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $27,500 |
Cme Group Foundation Chicago, IL PURPOSE: CODE NATION FELLOWSHIP PROGRAM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |