Code Nation Inc
- Assets
- $4.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 59
- Location
- Brooklyn, NY
- Founding
- 03/2013
- Data as of
- 07/2023
- EIN
- 46-0557527
Organization Overview
Code Nation Inc is located in Brooklyn, 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 07/2023, Code Nation Inc employed 59 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 07/2023, Code Nation Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $6.9m during the year ending 07/2023. While expenses have increased by 22.2% per year over the past 8 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 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 1,740 STUDENTS DURING THE 2022-2023 SCHOOL YEAR, IN NEW YORK CITY, THE SAN FRANCISCO BAY AREA AND CHICAGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Silverman Chairman | OfficerTrustee | 2 | $0 |
Elizabeth Pisacreta Co-Found/sec | OfficerTrustee | 2 | $0 |
Maurya Couvares Co-Found/ceo Em | OfficerTrustee | 2 | $0 |
Caryn Effron Director | Trustee | 2 | $0 |
Scott Meyer Director | Trustee | 2 | $0 |
Stephanie J Hull Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Koya Leadership Partners Executive/c-suite Hiring | 7/30/22 | $106,005 |
Unbrand Consulting Inc Propram Support | 7/30/22 | $101,066 |
Reamy Consulting Group Strategic Planning | 7/30/22 | $362,383 |
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 | $4,035,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,035,923 |
| Total Program Service Revenue | $264,890 |
| Investment income | $337 |
| 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 | $4,301,150 |
| 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. | $525,000 |
| Compensation of current officers, directors, key employees. | $209,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,631,768 |
| Pension plan accruals and contributions | $15,784 |
| Other employee benefits | $615,946 |
| Payroll taxes | $311,091 |
| Fees for services: Management | $23,185 |
| Fees for services: Legal | $72,799 |
| Fees for services: Accounting | $1,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $490,035 |
| Advertising and promotion | $62,563 |
| Office expenses | $87,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,649 |
| Travel | $24,398 |
| 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 | $0 |
| Insurance | $11,475 |
| All other expenses | $0 |
| Total functional expenses | $6,938,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,665 |
| Savings and temporary cash investments | $1,701,608 |
| Pledges and grants receivable | $1,804,999 |
| Accounts receivable, net | $3,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,208 |
| Total assets | $4,670,980 |
| Accounts payable and accrued expenses | $250,836 |
| 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 | $0 |
| Total liabilities | $250,836 |
| Net assets without donor restrictions | $3,090,531 |
| Net assets with donor restrictions | $1,329,613 |
| 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 | $4,670,980 |