Rewriting The Code Inc
- Assets
- $4.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Durham, NC
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-4978877
Organization Overview
Rewriting The Code Inc is located in Durham, NC. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Rewriting The Code Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rewriting The Code 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 12/2022, Rewriting The Code Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.9% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 46.9% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAMMING REWRITING THE CODE HOSTED 125+ EVENTS & PROGRAMS ATTENDED BY 7,071 MEMBERS, AWARDED 44 CONFERENCE SCHOLARSHIPS AND DISTRIBUTED $163,936 IN SUPPORT VIA THE RTC WOMEN IN TECH FUND. ADDITIONALLY, RTC LAUNCHED THE RISING LEADER INSTITUTE TO ELEVATE AND DEVELOP 30 STUDENT LEADERS AND KICKED OFF A NEW COMMUNITY FOR OUR EARLY CAREER MEMBERS, WITH INITIAL IN-PERSON HUBS BASED IN SEATTLE AND NYC.
WOMEN IN TECH FUND A $1.5M COLLABORATIVE FUND BETWEEN GOLDMAN SACHS AND REWRITING THE CODE THAT INVESTS IN DEGREE COMPLETION FOR UNDERGRAD WOMEN IN COMPUTING FACING FINANCIAL OBSTACLES TO GRADUATION.
REBOOT REPRESENTATION (FORMERLY CALLED LATINAS DE RTC/BLACKWINGS) BLACK WINGS AIMS TO FOSTER A SENSE OF INCLUSION AND BELONGING FOR BLACK WOMEN IN TECH BY ENGAGING THEIR PERSPECTIVES IN A WAY THAT ACKNOWLEDGES THE UNIQUE EXPERIENCES THEY ENCOUNTER ON A DAILY BASIS. ESTABLISHING THIS COMMUNITY CAN HAVE A BREAKTHROUGH IMPACT ON STUDENTS, AND DEMONSTRATES THE OVERALL GOAL OF FIGHTING BARRIERS OF DISCRIMINATION FOR WOMEN IN TECH. TO THAT END, WE HAVE CREATED THE BLACK WINGS COMMUNITY WITHIN REWRITING THE CODE THAT IS 1,200+ WOMEN AND GROWING. THE LATINAS DE RTC GROUP WAS CREATED FOR LATINA WOMEN IN TECHNOLOGY AND ENGINEERING MAJORS TO SHARE EXPERIENCES AND ADVICE, HAVE A FAMILIAR COMMUNITY WITHIN THE TECH INDUSTRY, AND GAIN THE SUPPORT THAT COMES FROM HAVING A GROUP OF WOMEN WITH SHARED INTERESTS. THE GROUP IS BUILT AROUND INCLUSIVITY, AND WAS CREATED AS A WELCOMING, SAFE SPACE TO SHARE EXPERIENCES, TALK ABOUT DIFFICULT TOPICS, AND MOST IMPORTANTLY MEET NEW LATINAS WHO YOU CAN HAVE FUN WITH. JUST AS WITH ALL OF REWRITING THE CODE, THE COMMUNITY IS FREE TO JOIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Harnett President/board Chair | OfficerTrustee | 40 | $274,750 |
Marcus Carpenter VP Strategic Development | Officer | 40 | $160,446 |
Jade Barricelli Secretary | OfficerTrustee | 40 | $132,283 |
Erica Crutch VP Partner Engagement | 40 | $111,250 | |
Lucille Tasker Sr. Director Data & Technology | 40 | $107,500 | |
Kristin Austin VP I.d.e.as | 40 | $101,250 |
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 | $1,854,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,854,923 |
| Total Program Service Revenue | $1,356,221 |
| Investment income | $550 |
| 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 | $3,215,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $209,179 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $577,391 |
| Compensation of current officers, directors, key employees. | $280,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $580,714 |
| Pension plan accruals and contributions | $28,242 |
| Other employee benefits | $12,499 |
| Payroll taxes | $82,872 |
| Fees for services: Management | $26,106 |
| Fees for services: Legal | $359 |
| Fees for services: Accounting | $23,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $239,242 |
| Advertising and promotion | $278,745 |
| Office expenses | $7,045 |
| Information technology | $79,908 |
| Royalties | $0 |
| Occupancy | $32,644 |
| Travel | $177,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,029 |
| Insurance | $3,153 |
| All other expenses | $2,686 |
| Total functional expenses | $2,565,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,360,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $299,714 |
| Accounts receivable, net | $1,278,000 |
| 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 | $88,904 |
| Net Land, buildings, and equipment | $6,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,033,394 |
| Accounts payable and accrued expenses | $26,746 |
| Grants payable | $0 |
| Deferred revenue | $1,655,377 |
| 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 | $165,843 |
| Total liabilities | $1,847,966 |
| Net assets without donor restrictions | $2,175,428 |
| Net assets with donor restrictions | $10,000 |
| 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 | $4,033,394 |