The Launchcode Foundation

Organization Overview

The Launchcode Foundation is located in Saint Louis, MO. The organization was established in 2014. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Launchcode Foundation employed 401 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launchcode Foundation 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, Launchcode Foundation generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $12.6m during the year ending 12/2021. While expenses have increased by 28.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD A SKILLED WORKFORCE BY CREATING PATHWAYS FOR DRIVEN PEOPLE SEEKING CAREERS IN TECHNOLOGY

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAUNCHCODE INCREASES ECONOMIC OPPORTUNITY AND UPWARD MOBILITY BY PLACING DRIVEN INDIVIDUALS INTO TECHNOLOGY APPRENTICESHIPS AND JOBS BASED ON APTITUDE, PROFESSIONALISM, AND SKILLS. IN 2021, WE WORKED WITH HUNDREDS OF COMPANIES AND EDUCATION PARTNERS TO HELP OUR CANDIDATES OVERCOME TRADITIONAL BARRIERS TO EMPLOYMENT SUCH AS FORMAL DEGREES OR YEARS OF JOB EXPERIENCE, PLACING 347 INDIVIDUALS INTO APPRENTICESHIPS OR PERMANENT JOBS IN TECHNOLOGY. LAUNCHCODE PROVIDED TECH EDUCATION SERVICES TO 1,549 NEW INDIVIDUALS IN 2021. IN PURSUIT OF THIS GOAL, LAUNCHCODE RECEIVED SUBSTANTIAL IN-KIND SUPPORT (RENT, CONSULTING, ACCOUNTING AND LEGAL SERVICES, MENTORING, DIGITAL MARKETING AND SOFTWARE LICENSES FOR APPRENTICESHIP CANDIDATES) VALUED AT $898,222.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Learnquest
Job Training
$157,349
Discoverorg
Marketing
$105,110
Advocacy Group At Cardenas Partners Llc
Lobbying Activities
$104,100
Pegasystems
Job Training
$101,678
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$159,875
Related organizations$0
Government grants $2,571,722
All other contributions, gifts, grants, and similar amounts not included above$3,146,754
Noncash contributions included in lines 1a–1f $25,420
Total Revenue from Contributions, Gifts, Grants & Similar$5,878,351
Total Program Service Revenue$10,911,306
Investment income $29,165
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8
Net Income from Fundraising Events -$34,091
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,796,933

Grants Recieved

Over the last fiscal year, we have identified 8 grants that The Launchcode Foundation has recieved totaling $574,364.

Awarding OrganizationAmount
Elevate 215

Philadelphia, PA

PURPOSE: Startup Expenses

$300,000
Tides Foundation

San Francisco, CA

PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES

$100,000
American Endowment Foundation

Hudson, OH

PURPOSE: EMPLOYMENT

$84,923
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$43,400
St Louis Community Foundation Incorporated

St Louis, MO

PURPOSE: HUMAN SERVICES

$27,700
At&t Foundation

Dallas, TX

PURPOSE: EDUCATION

$15,000
View Grant Recipient Profile

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