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Nonprofiteer
← FREE CODE CAMP INC

Form 990 for tax year 2022

Filed by FREE CODE CAMP INC.

Totals

Total revenue
$4,278,462
Total expenses
$1,390,551
Contributions and grants received
$2,968,639
Grants paid
$0
Program service revenue
$254,719
Investment income
$62,277
Other revenue
$992,827
Total assets, end of year
$4,991,370
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,991,370
Program services expenses (Part IX)
$1,190,485
Management and general expenses
$133,566
Fundraising expenses
$66,500
Program service expenses (Part III)
$1,190,485

Program services were 85.6% 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.

  • 1f · All other contributions, gifts and grants

    $2,968,639

  • 2a · Program service revenue: Advertising in periodical

    total $254,719 · unrelated business $254,719

  • 3 · Investment income

    total $54,299 · excluded $54,299

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $992,827 · excluded $992,827

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $21,964

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

    securities $13,986

  • 7c · Gain or loss

    securities $7,978

  • 7d · Net gain or loss

    total $7,978 · excluded $7,978

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $199,500 · program services $66,500 · management and general $66,500 · fundraising $66,500

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $13,625 · management and general $13,625

  • 11c · Fees: accounting

    total $409 · management and general $409

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,024,422 · program services $1,024,422

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $60,503 · program services $8,283 · management and general $52,220

  • 14 · Information technology

    total $91,280 · program services $91,280

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $812 · management and general $812

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $342,597 · end of year $357,363

  • 2 · Savings and temporary cash investments

    beginning of year $2,345,228 · end of year $137,869

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $4,494,876

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $1,262

  • 27 · Net assets without donor restrictions

    beginning of year $2,687,825 · end of year $4,991,370

Mission and programs · 2022

Mission

We help people learn computer programming for free by creating thousands of videos, articles, and interactive coding lessons which are all freely available to the public.

  • Core Curriculum: freecodecamp.org/learn - We refined freeCodeCamps core curriculum of more than 3,000 hours of interactive programming learning. We launched 2 new certifications in both Responsive Web Design and Relational Database Management. A vast amount of work remains in refining our core curriculum, but we are making steady progress. Each day, we are helping thousands of visitors to our website prepare for careers in software development and data science.

    Expenses $437,338

  • YouTube Channel - We developed more than 100 full-length video courses about math, programming, and technology, and made them freely available on freeCodeCamps YouTube channel, which now has more than 8 million subscribers. Many of these courses were created by university professors and experienced practitioners from the field of software development. In cases where most of the coursework was taught by an expert outside of our organization, we curated and edited these courses, and worked with the original creator to ensure quality. We created one of these courses using a $ grants we obtained from tech companies and foundations. These courses were watched 197.6 million times in 2022 by learners around the world.

    Expenses $407,223

  • Publication: freecodecamp.org/news - Our charity's publication hosts more than 10,000 tutorials on math, programming, and computer science. We have a number of editors and authors who work to make this possible. We also started development of our own Content Management System to serve so many visitors at scale.

    Expenses $345,924 · Revenue $254,719

As filed on the 2022 return.

Listed in Part VII

  • Michael Quincy Larson

    Exec Dir/Treas

    Total calculated
    $199,500
    From this org
    $199,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,500
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $199,500
  • Sam Sperling

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jonathann Giammarco

    Secretary

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202313179349311691

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