Skip to content
Nonprofiteer
← CODEPATH ORG

Form 990 for tax year 2024

Filed by CODEPATH ORG.

Totals

Total revenue
$24,988,760
Total expenses
$22,486,533
Contributions and grants received
$21,050,737
Grants paid
$578,500
Program service revenue
$2,961,723
Investment income
$957,563
Other revenue
$18,737
Total assets, end of year
$37,430,781
Total liabilities, end of year
$3,488,938
Net assets or fund balances, end of year
$33,941,843
Program services expenses (Part IX)
$16,329,074
Management and general expenses
$3,272,982
Fundraising expenses
$2,884,477
Program service expenses (Part III)
$16,329,074

Program services were 72.6% 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.

  • 1e · Government grants (contributions)

    $250,636

  • 1f · All other contributions, gifts and grants

    $20,800,101

  • 1g · Noncash contributions included above

    $584,700

  • 2a · Program service revenue: CUSTOM TRAINING DEVELOPMENT

    total $2,961,723 · related or exempt $2,961,723

  • 3 · Investment income

    total $773,726 · excluded $773,726

  • 7a · Gross sales of assets other than inventory

    securities $3,665,765

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

    securities $3,481,928

  • 7c · Gain or loss

    securities $183,837

  • 7d · Net gain or loss

    total $183,837 · excluded $183,837

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $18,737 · excluded $18,737

  • 11e · Other revenue, total

    $18,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,500 · program services $5,500

  • 2 · Grants to domestic individuals

    total $573,000 · program services $573,000

  • 5 · Compensation of officers, directors and key employees

    total $1,285,474 · program services $558,868 · management and general $282,426 · fundraising $444,180

  • 7 · Other salaries and wages

    total $8,792,102 · program services $5,938,186 · management and general $1,798,864 · fundraising $1,055,052

  • 9 · Other employee benefits

    total $785,299 · program services $517,484 · management and general $159,151 · fundraising $108,664

  • 10 · Payroll taxes

    total $789,357 · program services $509,715 · management and general $162,803 · fundraising $116,839

  • 11b · Fees: legal

    total $250,117 · program services $161,299 · management and general $51,602 · fundraising $37,216

  • 11c · Fees: accounting

    total $192,001 · program services $123,820 · management and general $39,612 · fundraising $28,569

  • 11f · Fees: investment management

    total $52,964 · management and general $52,964

  • 11g · Fees: other

    total $4,550,247 · program services $3,774,455 · management and general $214,988 · fundraising $560,804

  • 12 · Advertising and promotion

    total $1,337,001 · program services $950,615 · management and general $218,502 · fundraising $167,884

  • 13 · Office expenses

    total $144,882 · program services $115,297 · management and general $16,997 · fundraising $12,588

  • 14 · Information technology

    total $771,760 · program services $500,701 · management and general $139,611 · fundraising $131,448

  • 17 · Travel

    total $373,066 · program services $208,113 · management and general $24,065 · fundraising $140,888

  • 19 · Conferences, conventions and meetings

    total $80,762 · program services $52,083 · management and general $16,662 · fundraising $12,017

  • 22 · Depreciation, depletion and amortization

    total $97,428 · program services $62,830 · management and general $20,101 · fundraising $14,497

  • 23 · Insurance

    total $70,170 · program services $45,252 · management and general $14,477 · fundraising $10,441

  • 24a · Other expenses: PLATFORM SERVICES

    total $1,990,564 · program services $1,990,564

  • 24b · Other expenses: RECRUITING

    total $180,859 · program services $135,538 · management and general $26,331 · fundraising $18,990

  • 24c · Other expenses: PAYROLL FEES

    total $144,670 · program services $93,297 · management and general $29,847 · fundraising $21,526

  • 24d · Other expenses: TAXES & LICENSES

    total $18,817 · program services $12,135 · management and general $3,882 · fundraising $2,800

  • 24e · All other expenses

    total $493 · program services $322 · management and general $97 · fundraising $74

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,613,883 · end of year $15,076,287

  • 2 · Savings and temporary cash investments

    beginning of year $17,417,854 · end of year $13,457,196

  • 3 · Pledges and grants receivable

    beginning of year $3,460,603 · end of year $2,743,987

  • 4 · Accounts receivable

    beginning of year $42,763 · end of year $156,123

  • 9 · Prepaid expenses and deferred charges

    beginning of year $296,773 · end of year $806,734

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

    $442,072

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

    $193,883

  • 10c · Land, buildings and equipment, net

    beginning of year $183,835 · end of year $248,189

  • 11 · Investments: publicly traded securities

    end of year $4,942,265

  • 17 · Accounts payable and accrued expenses

    beginning of year $451,777 · end of year $921,482

  • 19 · Deferred revenue

    beginning of year $5,184,000 · end of year $2,567,456

  • 27 · Net assets without donor restrictions

    beginning of year $22,938,802 · end of year $25,424,858

  • 28 · Net assets with donor restrictions

    beginning of year $8,441,132 · end of year $8,516,985

Mission and programs · 2024

Mission

CODEPATH IS REPROGRAMMING HIGHER EDUCATION TO CREATE THE FIRST AI-NATIVE GENERATION OF ENGINEERS, CTOS, AND FOUNDERS. WE DELIVER INDUSTRY-VETTED COURSES AND CAREER SUPPORT CENTERED ON THE NEEDS OF FIRST-GENERATION AND LOW-INCOME STUDENTS. OUR 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-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 JOUNEY TOWARD INDUSTRY EMPLOYMENT.

    Expenses $16,329,074 · Grants $578,500 · Revenue $2,961,723

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL ELLISON

    CEO & PRESIDENT

    Total calculated
    $350,775
    From this org
    $328,795
    From related orgs
    $0
    Other
    $21,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,795
    Bonus
    $30,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,980
    Filer's total
    $350,775

  • JULES WALTER

    VP & SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • GABRIAL 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

  • VLADIMIR FEDEROV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUG BORCHARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY LEE

    CHIEF LEARNING OFFICER

    Total calculated
    $301,516
    From this org
    $271,238
    From related orgs
    $0
    Other
    $30,278
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,238
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,278
    Filer's total
    $301,516

  • DANA LEDYARD

    COO/TREASURER

    Total calculated
    $282,939
    From this org
    $273,440
    From related orgs
    $0
    Other
    $9,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,440
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,499
    Filer's total
    $282,939

  • NATHAN ESQUENAZI

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $223,446
    From this org
    $215,750
    From related orgs
    $0
    Other
    $7,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,750
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,696
    Filer's total
    $223,446

  • CHRIS COLEMAN

    CHIEF PRODUCT OFFICER (FROM 8/24)

    Total calculated
    $126,797
    From this org
    $112,207
    From related orgs
    $0
    Other
    $14,590
    Hours/week
    40

  • MINDEE BARHAM

    VP OF DEVELOPMENT (UNTIL 12/24)

    Total calculated
    $326,658
    From this org
    $276,949
    From related orgs
    $0
    Other
    $49,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,949
    Bonus
    $0
    Other
    $65,000
    Deferred
    $0
    Nontaxable benefits
    $49,709
    Filer's total
    $326,658

  • ZACK PARKER

    VP OF PRODUCT ENGINEERING

    Total calculated
    $258,882
    From this org
    $232,812
    From related orgs
    $0
    Other
    $26,070
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,812
    Bonus
    $3,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,070
    Filer's total
    $258,882

  • VELETA SAVANNAH

    VP OF FINANCE AND HR (UNTIL 7/24)

    Total calculated
    $249,824
    From this org
    $232,536
    From related orgs
    $0
    Other
    $17,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $57,536
    Bonus
    $0
    Other
    $175,000
    Deferred
    $0
    Nontaxable benefits
    $17,288
    Filer's total
    $249,824

  • EMILY CHONG

    VP OF MARKETING

    Total calculated
    $244,185
    From this org
    $212,601
    From related orgs
    $0
    Other
    $31,584
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,601
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,584
    Filer's total
    $244,185

  • GENEVA SCOTT

    SR DIRECTOR OF CAREER SERVICES

    Total calculated
    $181,000
    From this org
    $181,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,000
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $181,000

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
THE FOLLOWING EMPLOYEES RECEIVED SEVERANCE PAYMENTS IN 2024: - MINDEE BARHAM $65,000 - VELETA SAVANNAH $175,000
PART I, LINE 7
THE FOLLOWING EMPLOYEES RECEIVED MERIT BASED BONUSES: - MICHAEL ELLISON $30,000 - TIMOTHY LEE $5,000 - DANA LEDYARD $5,000 - ZACK PARKER $3,000 - GENEVA SCOTT $5,000

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

Provenance

Return type
form_990
Tax year
2024
Filed
26 June 2025
IRS schema version
2024v5.2
Source object
202521779349300202

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.