Ecole 42 Usa
- Assets
- $35.9k
- Revenue
- $568.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Fremont, CA
- Founding
- 10/2017
- Data as of
- 09/2022
- EIN
- 81-2457574
Organization Overview
Ecole 42 Usa is located in Fremont, CA. The organization was established in 2017. 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 09/2022, Ecole 42 USA employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ecole 42 USA 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 09/2022, Ecole 42 USA generated $568.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.6%) each year. All expenses for the organization totaled $223.6k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (41.7%) per year over the past 6 years. 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
WE ARE FREE SOFTWARE ENGINEERING SCHOOL, SPECIALIZING IN TEACHING STUDENTS THE SKILLS TO BE A SUCCESSFUL SOFTWARE ENGINEER IN THE GROWING TECH INDUSTRY, AS WELL AS IN DEVELOPING THEIR OWN BUSINESSES AND ENTERPRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT DECIDED TO CLOSE THE PHYSICAL CAMPUS AND HAS CEASED OPERATIONS PAST 9/30/2021. THE ORGANIZATION IS IN THE PROCESS OF DISSOLVING AND DISTRIBUTING THE REMAINING ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xavier Niel President | OfficerTrustee | 1 | $0 |
Sophie Vigor Managing Director | OfficerTrustee | 1 | $0 |
Anthony Maarek Treasurer | Officer | 1 | $0 |
Christophe S Assadi Interim CFO | 40 | $222,887 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $524,074 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $524,074 |
| Total Program Service Revenue | $27,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $568,359 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $600 |
| Payroll taxes | $1,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,303 |
| Fees for services: Accounting | $10,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96 |
| Advertising and promotion | $0 |
| Office expenses | $68,438 |
| Information technology | $648 |
| Royalties | $0 |
| Occupancy | $71,154 |
| Travel | $1,106 |
| 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 | $3,519 |
| All other expenses | $31,500 |
| Total functional expenses | $223,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,950 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,201 |
| Total assets | $35,937 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $35,937 |
| Total liabilities and net assets/fund balances | $35,937 |