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Nonprofiteer
← RECODED CO

Form 990 for tax year 2023

Filed by RECODED CO.

Totals

Total revenue
$1,877,472
Total expenses
$2,345,553
Contributions and grants received
$1,853,608
Grants paid
$369,021
Program service revenue
$0
Investment income
$21,209
Other revenue
$2,655
Total assets, end of year
$987,845
Total liabilities, end of year
$504,365
Net assets or fund balances, end of year
$483,480
Program services expenses (Part IX)
$1,556,201
Management and general expenses
$788,985
Fundraising expenses
$367
Program service expenses (Part III)
$1,556,201

Program services were 66.3% 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)

    $1,247,933

  • 1f · All other contributions, gifts and grants

    $605,675

  • 3 · Investment income

    total $21,209 · excluded $21,209

  • 11a · Other revenue: Miscellaneous

    total $2,655 · related or exempt $2,655

  • 11e · Other revenue, total

    $2,655

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $369,021 · program services $369,021

  • 5 · Compensation of officers, directors and key employees

    total $244,632 · program services $148,111 · management and general $96,521

  • 7 · Other salaries and wages

    total $1,485,187 · program services $892,941 · management and general $592,246

  • 9 · Other employee benefits

    total $26,999 · program services $14,696 · management and general $12,303

  • 10 · Payroll taxes

    total $29,846 · program services $25,977 · management and general $3,869

  • 11b · Fees: legal

    total $7,536 · management and general $7,536

  • 11c · Fees: accounting

    total $6,250 · program services $3,150 · management and general $2,800 · fundraising $300

  • 11g · Fees: other

    total $64,407 · program services $57,850 · management and general $6,557

  • 12 · Advertising and promotion

    total $9,140 · program services $9,000 · management and general $140

  • 13 · Office expenses

    total $14,019 · program services $98 · management and general $13,891 · fundraising $30

  • 14 · Information technology

    total $50,260 · program services $16,325 · management and general $33,935

  • 16 · Occupancy

    total $6,735 · program services $5,000 · management and general $1,735

  • 17 · Travel

    total $8,931 · program services $4,916 · management and general $3,978 · fundraising $37

  • 24a · Other expenses: Stipends

    total $22,590 · program services $9,116 · management and general $13,474

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,056,360 · end of year $936,713

  • 4 · Accounts receivable

    beginning of year $679,535 · end of year $45,722

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,060 · end of year $5,410

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,424 · end of year $4,323

  • 19 · Deferred revenue

    beginning of year $717,970 · end of year $500,042

  • 27 · Net assets without donor restrictions

    beginning of year $951,561 · end of year $483,480

Mission and programs · 2023

Mission

Re:Coded is a nonprofit with a mission to prepare talent from underserved backgrounds for lifelong careers in the digital economy.

  • Re:Codeds programming centers on workforce readiness and creating access to enduring and meaningful jobs in the digital economy that would otherwise be inaccessible. The Organization also advocates for new approaches to prepare underserved talent for lifelong careers. To date, Re:Coded has prepared over 13,000 people for the workforce by delivering advanced technical, soft and career skills training with a go-to job rate of 87% for our careers programs. For more information visit: https://www.re-coded.com/

    Expenses $1,556,201 · Grants $369,021

As filed on the 2023 return.

Listed in Part VII

  • Marcello Bonatto

    Founder COO

    Total calculated
    $122,316
    From this org
    $122,316
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alexandra Clare

    Founder CEO

    Total calculated
    $122,316
    From this org
    $122,316
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alexandra Karacsonyi

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Siret Unsal

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Evanna Hu

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Rajesh Chalamalasetti

    Board Member

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202500989349300505

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