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Nonprofiteer
← CODEPATH ORG

Form 990 for tax year 2025

Filed by CODEPATH ORG.

Totals

Total revenue
$31,118,474
Total expenses
$29,193,342
Contributions and grants received
$24,799,510
Grants paid
$17,000
Program service revenue
$5,419,193
Investment income
$883,603
Other revenue
$16,168
Total assets, end of year
$38,166,413
Total liabilities, end of year
$2,378,039
Net assets or fund balances, end of year
$35,788,374
Program services expenses (Part IX)
$21,583,621
Management and general expenses
$4,625,058
Fundraising expenses
$2,984,663
Program service expenses (Part III)
$21,583,621

Program services were 73.9% 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)

    $207,376

  • 1f · All other contributions, gifts and grants

    $24,592,134

  • 1g · Noncash contributions included above

    $303,219

  • 2a · Program service revenue: CUSTOM TRAINING DEVELOPMENT

    total $5,419,193 · related or exempt $5,419,193

  • 3 · Investment income

    total $785,457 · excluded $785,457

  • 7a · Gross sales of assets other than inventory

    securities $4,350,100

  • 7b · Less cost or other basis and sales expenses

    securities $4,251,954

  • 7c · Gain or loss

    securities $98,146

  • 7d · Net gain or loss

    total $98,146 · excluded $98,146

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $16,168 · excluded $16,168

  • 11e · Other revenue, total

    $16,168

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,000 · program services $17,000

  • 5 · Compensation of officers, directors and key employees

    total $1,659,932 · program services $883,151 · management and general $776,781

  • 7 · Other salaries and wages

    total $13,250,160 · program services $10,035,630 · management and general $1,774,235 · fundraising $1,440,295

  • 9 · Other employee benefits

    total $829,271 · program services $612,314 · management and general $128,866 · fundraising $88,091

  • 10 · Payroll taxes

    total $1,253,773 · program services $918,549 · management and general $213,475 · fundraising $121,749

  • 11b · Fees: legal

    total $104,353 · program services $45,722 · management and general $30,011 · fundraising $28,620

  • 11c · Fees: accounting

    total $167,335 · program services $73,317 · management and general $48,124 · fundraising $45,894

  • 11f · Fees: investment management

    total $72,130 · management and general $72,130

  • 11g · Fees: other

    total $6,138,673 · program services $4,274,797 · management and general $954,044 · fundraising $909,832

  • 12 · Advertising and promotion

    total $877,522 · program services $781,318 · management and general $36,181 · fundraising $60,023

  • 13 · Office expenses

    total $256,053 · program services $219,196 · management and general $23,701 · fundraising $13,156

  • 14 · Information technology

    total $47,032 · program services $2,198 · management and general $43,888 · fundraising $946

  • 17 · Travel

    total $529,576 · program services $325,338 · management and general $164,557 · fundraising $39,681

  • 19 · Conferences, conventions and meetings

    total $267,355 · program services $245,609 · management and general $14,569 · fundraising $7,177

  • 22 · Depreciation, depletion and amortization

    total $511,833 · program services $499,332 · management and general $12,501

  • 23 · Insurance

    total $59,223 · program services $2,767 · management and general $55,265 · fundraising $1,191

  • 24a · Other expenses: PLATFORM SERVICES

    total $1,487,661 · program services $1,487,661

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,209,657 · program services $953,940 · management and general $124,869 · fundraising $130,848

  • 24c · Other expenses: PAYROLL FEES

    total $320,600 · program services $140,470 · management and general $92,201 · fundraising $87,929

  • 24d · Other expenses: RECRUITING

    total $86,049 · program services $63,062 · management and general $14,724 · fundraising $8,263

  • 24e · All other expenses

    total $48,154 · program services $2,250 · management and general $44,936 · fundraising $968

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,076,287 · end of year $13,549,358

  • 2 · Savings and temporary cash investments

    beginning of year $13,457,196 · end of year $14,815,599

  • 3 · Pledges and grants receivable

    beginning of year $2,743,987 · end of year $3,073,193

  • 4 · Accounts receivable

    beginning of year $156,123 · end of year $371,751

  • 9 · Prepaid expenses and deferred charges

    beginning of year $806,734 · end of year $467,233

  • 10a · Land, buildings and equipment: cost or other basis

    $2,328,495

  • 10b · Land, buildings and equipment: accumulated depreciation

    $705,717

  • 10c · Land, buildings and equipment, net

    beginning of year $248,189 · end of year $1,622,778

  • 11 · Investments: publicly traded securities

    beginning of year $4,942,265 · end of year $4,266,501

  • 17 · Accounts payable and accrued expenses

    beginning of year $921,482 · end of year $1,119,204

  • 19 · Deferred revenue

    beginning of year $2,567,456 · end of year $1,258,835

  • 27 · Net assets without donor restrictions

    beginning of year $25,424,858 · end of year $24,169,582

  • 28 · Net assets with donor restrictions

    beginning of year $8,516,985 · end of year $11,618,792

Mission and programs · 2025

Mission

CODEPATH'S MISSION IS TO REPROGRAM HIGHER EDUCATION TO CREATE THE FIRST AI-NATIVE GENERATION OF ENGINEERS, CTOS, AND FOUNDERS. THE ORGANIZATION DELIVERS INDUSTRY-VETTED COURSES AND CAREER SUPPORT CENTERED ON THE NEEDS OF FIRST GENERATION AND LOW-INCOME STUDENTS. CODEPATH'S STUDENTS TRAIN WITH SENIOR ENGINEERS, INTERN AT TOP COMPANIES, AND RISE TOGETHER TO BECOME THE TECH LEADERS OF TOMORROW.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • CODEPATH UNIVERSITY COURSES DELIVER INDUSTRY-VETTED CURRICULUM TO UNDERGRADUATE COMPUTER SCIENCE STUDENTS, FOCUSING ON BUILDING FUNDAMENTAL SKILLS FOR FIRST-GENERATION AND LOW-INCOME 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 HANDS-ON 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.

    Expenses $21,583,621 · Grants $17,000 · Revenue $5,419,193

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Ellison

    CEO &/PRESIDENT

    Total calculated
    $405,706
    From this org
    $389,972
    From related orgs
    $0
    Other
    $15,734
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,972
    Bonus
    $51,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,734
    Filer's total
    $405,706

  • Jules Walter

    BOARD MEMBER/VP & SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Doug Borchard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gabriel Aul

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dalila Wilson Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristen Titus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Valdimir Federov

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Timothy Lee

    CHIEF LEARNING OFFICER

    Total calculated
    $361,094
    From this org
    $340,063
    From related orgs
    $0
    Other
    $21,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,199
    Bonus
    $10,864
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,031
    Filer's total
    $361,094

  • Christopher Coleman

    CHIEF PRODUCT OFFICER

    Total calculated
    $341,233
    From this org
    $316,620
    From related orgs
    $0
    Other
    $24,613
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,067
    Bonus
    $4,553
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,613
    Filer's total
    $341,233

  • Dana Ledyard

    COO/TREASURER (UNTIL 10/24)

    Total calculated
    $264,889
    From this org
    $259,183
    From related orgs
    $0
    Other
    $5,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,322
    Bonus
    $10,861
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,706
    Filer's total
    $264,889

  • Nathan Esquenazi

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $180,824
    From this org
    $174,167
    From related orgs
    $0
    Other
    $6,657
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $165,503
    Bonus
    $8,664
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,657
    Filer's total
    $180,824

  • Brian Madigan

    COO/TREASURER (FROM 10/06)

    Total calculated
    $106,186
    From this org
    $102,032
    From related orgs
    $0
    Other
    $4,154
    Hours/week
    40

  • Emily Chong

    VICE PRESIDENT OF GROWTH

    Total calculated
    $266,056
    From this org
    $243,227
    From related orgs
    $0
    Other
    $22,829
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,583
    Bonus
    $8,644
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,829
    Filer's total
    $266,056

  • Zack Parker

    VICE PRESIDENT PRODUCT ENGINEERING

    Total calculated
    $264,173
    From this org
    $247,107
    From related orgs
    $0
    Other
    $17,066
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,799
    Bonus
    $9,308
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,066
    Filer's total
    $264,173

  • Keithe Williams

    SENIOR DIRECTOR OF PROGRAMS AND COMMUNITY ENGAGEME

    Total calculated
    $261,536
    From this org
    $224,792
    From related orgs
    $0
    Other
    $36,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,499
    Bonus
    $7,140
    Other
    $48,153
    Deferred
    $0
    Nontaxable benefits
    $36,744
    Filer's total
    $261,536

  • Benjamin Chun

    LEAD PRODUCT MANAGER

    Total calculated
    $232,561
    From this org
    $217,918
    From related orgs
    $0
    Other
    $14,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,818
    Bonus
    $100
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,643
    Filer's total
    $232,561

  • Yuliya Spektorsky

    ACCOUNT DIRECTOR, ENTERPRISE

    Total calculated
    $212,061
    From this org
    $211,461
    From related orgs
    $0
    Other
    $600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,488
    Bonus
    $36,973
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $600
    Filer's total
    $212,061

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
KEITHE WILLIAMS RECEIVED A SEVERANCE PAYMENT OF $48,153.
PART I, LINE 7
THE FOLLOWING EMPLOYEES RECEIVED MERIT BASED BONUSES: - MICHAEL ELLISON $51,000 - BRIAN MADIGAN $20,000 - TIMOTHY LEE $10,864 - DANA LEDYARD $10,861 - ZACK PARKER $9,308 - NATHAN ESQUENAZI $8,664 - CHRISTOPHER COLEMAN $4,553 - EMILY CHONG $8,644 - KEITHE WILLIAMS $7,140 - YULIYA SPEKTORSKY $36,973 ADDITIONALLY, BENJAMIN CHUN RECEIVED A REFERRAL BONUS OF $100.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
20 May 2026
IRS schema version
2025v4.1
Source object
202601409349300800

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