Streetcode Academy
- Assets
- $1.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 46
- Location
- East Palo Alto, CA
- Founding
- 01/2017
- Data as of
- 09/2021
- EIN
- 81-4041822
Organization Overview
Streetcode Academy is located in East Palo Alto, CA. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2021, Streetcode Academy employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Streetcode Academy 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 09/2021, Streetcode Academy generated $3.1m in total revenue. All expenses for the organization totaled $2.6m during the year ending 09/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EQUIP A GENERATION OF UNDER-REPRESENTED LEADERS WITH THE SKILLS TO HACK, HUSTLE, AND DESIGN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olatunde Sobomehin Ceo/board Treasurer | OfficerTrustee | 40 | $150,000 |
Theresa Johnson Board Chair | OfficerTrustee | 40 | $0 |
Okey Onyejekwe Board Secretary | OfficerTrustee | 2 | $0 |
Jason Mayden Board | Trustee | 2 | $0 |
Tea Lempiala Board | Trustee | 2 | $0 |
Sean Mendy Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,082,692 |
| Noncash contributions included in lines 1a–1f | $384,914 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,087,692 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,087,702 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,159,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,122 |
| Payroll taxes | $112,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $157,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319,240 |
| Advertising and promotion | $0 |
| Office expenses | $62,576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,769 |
| Travel | $19,587 |
| 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 | $30,929 |
| Insurance | $11,339 |
| All other expenses | $0 |
| Total functional expenses | $2,600,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,302,067 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $501,197 |
| 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 | $22,760 |
| Net Land, buildings, and equipment | $93,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,919,032 |
| Accounts payable and accrued expenses | $8,605 |
| 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 | $130,000 |
| Other liabilities | $22,450 |
| Total liabilities | $161,055 |
| Net assets without donor restrictions | $1,521,835 |
| Net assets with donor restrictions | $236,142 |
| 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 | $1,919,032 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Streetcode Academy has recieved totaling $1,038,418.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Youth Development | $638,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $109,700 |
Give Forward Foundation Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $50,000 |
Philanthropic Ventures Foundation Oakland, CA PURPOSE: ART WORKSHOP WITH ART BLOCKS | $45,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $35,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodcraft Rangers Los Angeles, CA | $7,179,034 | $18,872,695 |
Californians Dedicated To Education Foundation San Francisco, CA | $5,632,923 | $12,853,124 |
Coalition For Responsible Community Development Los Angeles, CA | $20,510,086 | $22,552,371 |
Young Community Developers San Francisco, CA | $10,175,438 | $17,514,811 |
Community Youth Center Of San Francisco San Francisco, CA | $17,880,445 | $17,282,098 |
Kupu Honolulu, HI | $10,299,309 | $11,230,476 |
Kids Unlimited Of Oregon Medford, OR | $20,008,929 | $11,933,756 |
Hunters Point Family San Francisco, CA | $3,079,045 | $12,434,856 |
Alliance For A Healthier Generation Inc Portland, OR | $19,826,978 | $16,732,492 |
Conservation Corps Of Long Beach Long Beach, CA | $9,166,980 | $11,871,279 |
We Hope East Palo Alto, CA | $4,717,112 | $7,572,079 |
San Francisco City Impact San Francisco, CA | $1,094,213 | $7,113,381 |