Recoded Co
- Assets
- $788.4k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 35
- Location
- New York, NY
- Founding
- 05/2017
- Data as of
- 06/2022
- EIN
- 81-4604206
Organization Overview
Recoded Co, operating under the name ReCoded, is located in New York, NY. 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 06/2022, ReCoded employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ReCoded 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 06/2022, ReCoded generated $2.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. 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
RE:CODED IS A NON-PROFIT EMPOWERING YOUTH FROM UNTAPPED COMMUNITIES TO START CAREERS IN THE DIGITAL ECONOMY AS SOFTWARE DEVELOPERS AND DESIGNERS. (CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMMERSIVE CODING AND DESIGN PROGRAMS: FROM JULY 2021 TO JUNE 2022, RE:CODED TRAINED 293 UNDERSERVED YOUTH AGED 18 - 30 ACROSS FOUR COUNTRIES (IRAQ, TRKIYE PALESTINE AND LEBANON) IN OUR CODING AND DESIGN BOOTCAMPS. THESE PROGRAMS ARE 11 MONTHS LONG: 5 MONTHS OF INTENSIVE TECHNICAL AND SOFT SKILLS TRAINING FOLLOWED BY 6 MONTHS OF DEDICATED CAREER SERVICES AND EMPLOYMENT SUPPORT. OVER 90% OF STUDENTS FOUND EMPLOYMENT IN THE TECHNOLOGY SECTOR AS JUNIOR DEVELOPERS OR DESIGNERS.WITHIN OUR INSPIRE SERIES PROGRAMMING, WHICH AN ENTRY-LEVEL EDUCATION COURSE OFFERING, ENABLING UNDERSERVED YOUTH ACROSS THE MIDDLE EAST & TRKIYE TO BEGIN THEIR UPSKILLING JOURNEY AND PREPARE THEMSELVES FOR A CAREER IN THE DIGITAL ECONOMY, WE TRAINED 2,337 STUDENTS WITH THE SKILLS THEY NEED TO NAVIGATE THEIR CAREERS IN THE DIGITAL ECONOMY. OTHER ACTIVITIES: RE:CODED PROVIDED ONLINE EVENTS AND WORKSHOPS TO OVER 1,000 YOUTH AGED 18 TO 30 ACROSS THE MIDDLE EAST AND TRKIYE. THE ONLINE EVENTS AND COURSE CONTENT ADDRESSED TECHNICAL, FOUNDATIONAL AND SOFT SKILLS THAT ENABLED YOUTH TO BE AWARE OF AND GET READY FOR A CAREER IN THE DIGITAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcello Bonatto Founder COO | OfficerTrustee | 40 | $103,670 |
Alexandra Clare Founder CEO | OfficerTrustee | 40 | $103,576 |
John Jaeger Board Member | Trustee | 2 | $0 |
Sheryl Chamberlain Board Member | Trustee | 2 | $0 |
Evanna Hu Board Member | Trustee | 2 | $0 |
Emal Dusst Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,988,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,315,550 |
| Total Program Service Revenue | $0 |
| Investment income | $41 |
| 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 | $2,315,591 |
| 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 | $387,812 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $207,246 |
| Compensation of current officers, directors, key employees. | $10,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,557,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,211 |
| Payroll taxes | $38,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,520 |
| Fees for services: Accounting | $38,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,149 |
| Advertising and promotion | $14,681 |
| Office expenses | $13,374 |
| Information technology | $37,061 |
| Royalties | $0 |
| Occupancy | $40,804 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $8,728 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,432,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,424 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $374,196 |
| 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 | $130,744 |
| 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 | $788,364 |
| Accounts payable and accrued expenses | $55,591 |
| Grants payable | $0 |
| Deferred revenue | $35,549 |
| 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 | $91,140 |
| Net assets without donor restrictions | $597,224 |
| Net assets with donor restrictions | $100,000 |
| 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 | $788,364 |