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Nonprofiteer
← CODEPATH ORG

Form 990 for tax year 2023

Filed by CODEPATH ORG.

Totals

Total revenue
$31,094,925
Total expenses
$16,342,070
Contributions and grants received
$28,004,625
Grants paid
$537,264
Program service revenue
$2,645,212
Investment income
$398,837
Other revenue
$46,251
Total assets, end of year
$37,015,711
Total liabilities, end of year
$5,635,777
Net assets or fund balances, end of year
$31,379,934
Program services expenses (Part IX)
$11,794,778
Management and general expenses
$2,783,001
Fundraising expenses
$1,764,291
Program service expenses (Part III)
$11,794,778

Program services were 72.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $166,988

  • 1f · All other contributions, gifts and grants

    $27,837,637

  • 1g · Noncash contributions included above

    $1,019,637

  • 2a · Program service revenue: CUSTOM TRAINING/DEVLOPMENT

    total $2,645,212 · related or exempt $2,645,212

  • 3 · Investment income

    total $398,837 · excluded $398,837

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $46,251 · related or exempt $46,251

  • 11e · Other revenue, total

    $46,251

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $537,264 · program services $537,264

  • 5 · Compensation of officers, directors and key employees

    total $1,081,157 · program services $690,266 · management and general $267,239 · fundraising $123,652

  • 7 · Other salaries and wages

    total $5,919,748 · program services $3,768,212 · management and general $1,456,969 · fundraising $694,567

  • 9 · Other employee benefits

    total $500,230 · program services $333,182 · management and general $131,330 · fundraising $35,718

  • 10 · Payroll taxes

    total $607,144 · program services $410,305 · management and general $144,532 · fundraising $52,307

  • 11b · Fees: legal

    total $71,436 · management and general $71,436

  • 11c · Fees: accounting

    total $52,730 · management and general $52,730

  • 11f · Fees: investment management

    total $4,851 · management and general $4,851

  • 11g · Fees: other

    total $3,637,758 · program services $3,007,934 · management and general $124,846 · fundraising $504,978

  • 12 · Advertising and promotion

    total $1,132,604 · program services $779,665 · management and general $202,231 · fundraising $150,708

  • 13 · Office expenses

    total $170,425 · program services $136,531 · management and general $22,432 · fundraising $11,462

  • 17 · Travel

    total $405,600 · program services $263,146 · management and general $29,169 · fundraising $113,285

  • 19 · Conferences, conventions and meetings

    total $109,760 · program services $69,868 · management and general $27,014 · fundraising $12,878

  • 22 · Depreciation, depletion and amortization

    total $63,096 · program services $40,164 · management and general $15,529 · fundraising $7,403

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,012,609 · program services $890,747 · management and general $76,032 · fundraising $45,830

  • 24b · Other expenses: PLATFORM SERVICES

    total $755,005 · program services $755,005

  • 24c · Other expenses: RECRUITING FEES

    total $182,613 · program services $50,081 · management and general $132,532

  • 24d · Other expenses: OTHER EXPENSES

    total $98,040 · program services $62,408 · management and general $24,129 · fundraising $11,503

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,721,288 · end of year $15,613,883

  • 2 · Savings and temporary cash investments

    beginning of year $1,999,273 · end of year $17,417,854

  • 3 · Pledges and grants receivable

    beginning of year $5,331,400 · end of year $3,460,603

  • 4 · Accounts receivable

    beginning of year $276,776 · end of year $42,763

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105,739 · end of year $296,773

  • 14 · Intangible assets

    beginning of year $116,958 · end of year $183,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $300,861 · end of year $451,777

  • 19 · Deferred revenue

    beginning of year $188,375 · end of year $5,184,000

  • 25 · Other liabilities

    beginning of year $574,737 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,438,223 · end of year $22,938,802

  • 28 · Net assets with donor restrictions

    beginning of year $6,049,238 · end of year $8,441,132

Mission and programs · 2023

Mission

CODEPATH IS REPROGRAMMING HIGHER EDUCATION TO CREATE THE MOST DIVERSE GENERATION OF ENGINEERS, CTOS, AND FOUNDERS. WE DELIVER INDUSTRY-VETTED COURSES AND CAREER SUPPORT CENTERED ON THE NEEDS OF BLACK, LATINO/A, INDIGENOUS, AND LOW-INCOME STUDENTS. OUR STUDENTS TRAIN WITH SENIOR ENGINEERS, INTERN AT TOP COMPANIES, AND RISE TOGETHER TO BECOME THE TECH LEADERS OF TOMORROW.

  • CODEPATH UNIVERSITY COURSES DELIVER INDUSTRY-APPROVED CURRICULUM TO UNDERGRADUATE COMPUTER SCIENCE STUDENTS, FOCUSING ON BUILDING FUNDAMENTAL SKILLS FOR UNDERSERVED STUDENTS, AUGMENTING EXISTING UNIVERSITY COURSEWORK, PROVIDING HANDS-ON PROGRAMMING EXPERIENCE, AND INSPIRING CREATIVITY IN SOFTWARE DEVELOPMENT, ALL AT NO CHARGE. THE SUMMER INTERNSHIP FOR TECH EXCELLENCE (SITE) PROGRAM SUPPORTS RISING JUNIORS WITH RELEVANT WORK EXPERIENCE AND WEEKLY MENTORSHIP FROM VARIOUS SOFTWARE ENGINEERING TEAMS, INTRODUCING THEM TO FULL-STACK WEB DEVELOPMENT, INCLUDING DATABASE, BACKEND, FRONTEND CODE, TESTING, DESIGN, AND DEPLOYMENT WHILE CULMINATING IN A CAPSTONE PROJECT THAT EXTENDS BEYOND THE INTERNSHIP. ADDITIONALLY, THE CAREER CENTER PROGRAM ASSISTS CODEPATH STUDENTS IN THEIR JOURNEY TOWARD INDUSTRY EMPLOYMENT THROUGH CAREER FAIRS, WORKSHOPS, INTERVIEW PREPARATION, MENTORSHIP, AND OTHER RESOURCES, ALL PROVIDED AT NO COST AND AVAILABLE AT ANY STAGE OF THEIR EDUCATIONAL EXPERIENCE.

    Expenses $11,794,778 · Grants $537,264 · Revenue $2,691,463

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dana Ledyard

    COO, TREASURER

    Total calculated
    $283,704
    From this org
    $272,088
    From related orgs
    $0
    Other
    $11,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,178
    Bonus
    $35,947
    Other
    $963
    Deferred
    $0
    Nontaxable benefits
    $11,616
    Filer's total
    $283,704

  • Kelly Anguiano

    VP OF PROGRAMS (UNTIL 7/5/2023)

    Total calculated
    $282,860
    From this org
    $259,076
    From related orgs
    $0
    Other
    $23,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $92,652
    Bonus
    $0
    Other
    $166,424
    Deferred
    $0
    Nontaxable benefits
    $23,784
    Filer's total
    $282,860

  • Michael Ellison

    CEO,BOARD MEMBER/PRESIDENT

    Total calculated
    $276,713
    From this org
    $257,536
    From related orgs
    $0
    Other
    $19,177
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,082
    Bonus
    $15,000
    Other
    $39,454
    Deferred
    $0
    Nontaxable benefits
    $19,177
    Filer's total
    $276,713

  • Timothy Lee

    CLO

    Total calculated
    $271,837
    From this org
    $240,927
    From related orgs
    $0
    Other
    $30,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,210
    Bonus
    $27,717
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,910
    Filer's total
    $271,837

  • Nathan Esquenazi Chief

    CHIEF TECH OFFICER

    Total calculated
    $248,903
    From this org
    $240,927
    From related orgs
    $0
    Other
    $7,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,210
    Bonus
    $27,717
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,976
    Filer's total
    $248,903

  • Emily Chong

    VP OF MARKETING

    Total calculated
    $238,300
    From this org
    $225,357
    From related orgs
    $0
    Other
    $12,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,219
    Bonus
    $28,138
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,943
    Filer's total
    $238,300

  • Veleta Savannah

    VP OF FINANCE & HR

    Total calculated
    $234,726
    From this org
    $204,789
    From related orgs
    $0
    Other
    $29,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,229
    Bonus
    $23,560
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,937
    Filer's total
    $234,726

  • Erica Wong

    SENIOR DIR OF DEVELOPMENT

    Total calculated
    $201,318
    From this org
    $189,750
    From related orgs
    $0
    Other
    $11,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,500
    Bonus
    $17,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,568
    Filer's total
    $201,318

  • Geneva Scott

    SENIOR DIRECTOR OF CAREER CENTER

    Total calculated
    $192,429
    From this org
    $174,890
    From related orgs
    $0
    Other
    $17,539
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,900
    Bonus
    $24,990
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,539
    Filer's total
    $192,429

  • Jules Walter

    VP & SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Gabriel Aul

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dalila Wilson Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kristen Titus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Valdimir Federov

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Doug Borchard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
KELLY ANGUIANO VP OF PROGRAMS (HIGHEST COMPENSATED EMPLOYEE) RECEIVED A $166,424 SEVERANCE PAYMENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CODEPATH LLC

    N/A · TECH EDUCATION PLATFORM · CA

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349307952

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