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Nonprofiteer
← RECODED CO

Form 990 for tax year 2022

Filed by RECODED CO.

Totals

Total revenue
$3,387,598
Total expenses
$3,133,261
Contributions and grants received
$3,387,598
Grants paid
$709,038
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,755,955
Total liabilities, end of year
$804,394
Net assets or fund balances, end of year
$951,561
Program services expenses (Part IX)
$2,770,481
Management and general expenses
$327,062
Fundraising expenses
$35,718
Program service expenses (Part III)
$2,770,481

Program services were 88.4% 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)

    $2,786,238

  • 1f · All other contributions, gifts and grants

    $601,360

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $709,038 · program services $709,038

  • 5 · Compensation of officers, directors and key employees

    total $236,324 · program services $217,844 · management and general $14,490 · fundraising $3,990

  • 7 · Other salaries and wages

    total $1,729,083 · program services $1,593,875 · management and general $106,018 · fundraising $29,190

  • 9 · Other employee benefits

    total $30,180 · program services $21,931 · management and general $8,249

  • 10 · Payroll taxes

    total $26,207 · program services $23,651 · management and general $18 · fundraising $2,538

  • 11b · Fees: legal

    total $31,619 · management and general $31,619

  • 11c · Fees: accounting

    total $49,146 · program services $49,146

  • 11g · Fees: other

    total $109,975 · program services $57,348 · management and general $52,627

  • 12 · Advertising and promotion

    total $33,468 · program services $32,303 · management and general $1,165

  • 13 · Office expenses

    total $9,386 · program services $446 · management and general $8,940

  • 14 · Information technology

    total $86,018 · program services $42,420 · management and general $43,598

  • 16 · Occupancy

    total $16,439 · program services $13,206 · management and general $3,233

  • 17 · Travel

    total $56,130 · program services $2,051 · management and general $54,079

  • 23 · Insurance

    total $2,529 · management and general $2,529

  • 24a · Other expenses: Meals & Hospitality

    total $395 · program services $395

  • 24b · Other expenses: Exchange Fees

    total $1,820 · program services $1,820

  • 24c · Other expenses: Stipends

    total $5,504 · program services $5,007 · management and general $497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $283,424 · end of year $1,056,360

  • 4 · Accounts receivable

    beginning of year $374,196 · end of year $679,535

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,744 · end of year $20,060

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,591 · end of year $86,424

  • 19 · Deferred revenue

    beginning of year $35,549 · end of year $717,970

  • 27 · Net assets without donor restrictions

    beginning of year $597,224 · end of year $951,561

  • 28 · Net assets with donor restrictions

    beginning of year $100,000

Mission and programs · 2022

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 across 8 countries. The Organization also advocates for new approaches to prepare underserved talent for lifelong careers. To date, Re:Coded has prepared over 2700 people for the workforce by delivering advanced technical, soft and career skills training with a go-to job rate of 87%. They have also built a network of over 200 hiring partners worldwide to support access to prosperous work opportunities for graduates and have built a community of over 87,000 people. For more information visit: https://www.Re-Coded.com/

    Expenses $2,770,481

As filed on the 2022 return.

Listed in Part VII

  • Marcello Bonatto

    Founder COO

    Total calculated
    $118,162
    From this org
    $118,162
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alexandra Clare

    Founder CEO

    Total calculated
    $118,162
    From this org
    $118,162
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alexandra Karacsonyi

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Rajesh Chalamalasetti

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Evanna Hu

    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
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202431249349301513

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