2019-11-15T18:56:21-06:00 2018-12-31 330835986 SQUARMILNERLLP 135 Main Street 9th floor San Francisco CA 94105 990 2018-01-01 455026246 Project TF PROJ 4155130204 785 Market Street No 850 San Francisco CA 94103 Karla Monterroso Chief Executive Officer 4155130204 2019-11-15 Joua Lo P01225144 4157812500 71.6.48.101 2019-11-15 12:32:53 PS P 9DB202173B6802AD9552B18A6F36CA7E69682BA0 04688926A99AB1187F8A3E5828E2B676A02AA1A4 2018 2020-03-31 21:24:44Z CODE2040 Karla Monterroso 785 Market Street No 850 San Francisco CA 94103 3883386 0 X www.CODE2040.ORG X 2012 CA Code2040 aims to build an innovation economy where Black and Latinx people are contributing at all levels in all roles, at a proportional rate to their demographics in the United States. 8 8 39 800 0 0 4177035 2688550 1408500 1151992 1141 1955 -3711 40889 5582965 3883386 582833 0 0 0 3647611 2932599 0 0 629996 2104338 2386269 6334782 5318868 -751817 -1435482 4805341 3499691 255112 384944 4550229 3114747 X Our mission is to activate, connect, and mobilize the largest racial equity community in tech to dismantle the structural barriers that prevent the full participation and leadership of Black and Latinx people in the innovation economy. 0 0 2733783 721992 Student Programs - Student Programs is committed to seeing our students launch careers in the innovation economy, persist in the sector, and become champions for equity and inclusion within the sector as their careers unfold. We are also committed to providing company experiences that inspire and catalyze our company partners to prioritize building an equitable and inclusive work environment. 246384 100000 Community Mobilization Department - CMD focuses on growing and empowering a broad community to expand Code2040's impact. Building engagement and content for Black and Latinx professionals in the tech industry is the core of the department's work. 298522 330000 Residency - EIR - The CODE2040 Residency, powered by Google forEntrepreneurs, is designed to empower Black and Latinx entrepreneurs totake their companies to the next level while cultivating diversity intheir own communities. Our EIRs get support from CODE2040, Google forEntrepreneurs, and from the tech hubs, which are all committed tocreating and growing strong, diverse, and inclusive entrepreneurialecosystems in the cities they call home. Company Culture Transformation - Company Culture Transformation pushes the innovation economy to create more equitable systems, workplaces, and companies to promote the centering of the Black and Latinx experience - for our community to thrive and persist in the industry. We do that through strategic training and consulting on Code2040 content centered in self-reflection, having hard conversations about race, and thinking about their place in the larger movement towards racial equity.Company Programs - works with tech companies and companies with large tech hiring needs to diversify their workforce.Code2040 shifted its strategy in 2018 from focusing on pipeline to being a structural barriers organization. This shift required a downsizing and reorganization of the team to support its new focus on systems change through leadership development and mobilization. This shift resulted in separating from some funding partnerships while also creating new opportunities for new funding in the future in the name of values and impact alignment. The next leg of Code2040's journey is supporting change makers - within our walls, community, and beyond - as they create a tech sector that works for all. 3278689 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 44 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X Erika Chasia 5105070457 785 Market Street 850 San Francisco CA 94103 Tristan Walker Chair 0.50 X X 0 0 0 Marc Hedlund Treasurer 0.50 X X 0 0 0 Kristen Titus Member 0.50 X 0 0 0 Nicole Sanchez Vice Chair 0.50 X X 0 0 0 Sinohe Terrero Member 0.50 X 0 0 0 Amber Saloner-Tenant Secretary (part year) 0.50 X X 0 0 0 Ben Horowitz Director (part year) 0.50 X 0 0 0 Susan Colby Vice Chair (part year) 0.50 X X 0 0 0 Laura Weidman Powers CEO (Through 8/2018) 40.00 X 152349 0 11 Karla Monterroso CEO 40.00 X 199200 0 9979 Michelle Fox Sr. Director,Community Mobilization 40.00 X 149127 0 8788 Allison Jones Sr. Director of Marketing and Communications 40.00 X 126537 0 7324 Derek Gutierrez Director, Community Engagement 40.00 X 109301 0 7873 Cherizza Lundy VP,Operations 40.00 X 128699 0 3964 Christian Simamora Senior Director, Student Programs 40.00 X 116533 0 11 981746 0 37950 8 0 1 0 Diedra Barber Consulting Corporation 1714 Franklin Street 100-156 Oakland CA 94612 Curriculum Design 124900 Pablo Navarro 206 24th Ave East Seattle WA 98112 Business Operations 114021 2 2688550 505690 2688550 Program Service Fees 900099 1151992 1151992 1151992 1955 1955 Miscellaneous receipts 900099 40889 40889 40889 3883386 1151992 0 42844 X 361539 223706 93472 44361 2222122 1374961 574503 272658 216315 133847 55926 26542 132623 82062 34288 16273 48900 48900 33852 33852 874916 541364 226199 107353 95189 58899 24610 11680 49721 30765 12855 6101 489979 303180 126678 60121 338926 209714 87625 41587 196168 121381 50717 24070 18438 11409 4767 2262 Bad Debt Expense 58195 58195 Stipends 43542 43542 Recruitment 29075 17990 7517 3568 Dues and Membership 19162 11857 4954 2351 90206 55817 23320 11069 5318868 3278689 1410183 629996 1985949 1671740 2088253 645482 40767 567506 49377 63773 747429 363494 473740 383935 167255 167255 4805341 3499691 255112 150636 234308 255112 384944 X 3255864 1820382 1294365 1294365 4550229 3114747 4805341 3499691 -1435482 0 X 0 1 X 1 0 X 2029563 7022624 3305667 4177035 2688550 19223439 2029563 7022624 3305667 4177035 2688550 19223439 5861150 13362289 223 354 1141 1955 3673 6787 5995 21723 8473 40889 83867 19310979 2849873 0.69200 0.65000 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous receipts - 2014 Amount: $ 6,787. 2015 Amount: $ 5,995. 2016 Amount: $ 21,723. 2017 Amount: $ 8,473. 2018 Amount: $ 40,889. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135567 65382 70185 200630 85366 115264 411232 212746 198486 383935 X 3883386 0 3883386 0 3883386 5318868 0 5318868 0 5318868 Part X, Line 2: Each year, management considers whether any material tax position the Organization has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the Organization has taken are supported by substantial authority and, hence, do not need to be measured or disclosed in these financial statements. X X X X X X 0 0 0 0 0 0 0 0 0 Laura Weidman Powers CEO (Through 8/2018) 126000 0 0 0 26349 0 0 0 11 0 152360 0 0 0 Karla Monterroso CEO 198000 0 500 0 700 0 3970 0 6009 0 209179 0 0 0 Michelle Fox Sr. Director,Community Mobilization 142212 0 4983 0 1932 0 2969 0 5819 0 157915 0 0 0 X 1 505670 FMV 0 0 0 0 Form 990, Part VI, Section A, line 8b Organization does not have a committee with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b Form 990 is emailed to full Board for each member's review, comment (as needed). The 990 approval is voted on at the fall Board Meeting. Form 990, Part VI, Section B, line 12c The organization regularly and consistently monitors compliance with the policy Annually in November, Board members, officers and all employess are given a certif1cat1on and disclosure form with the organization's policy Each person is required to certify that they have 1 ) received the policy, 2) read and understood it, 3)agree to comply with the policy, 4) certify that they have no actual or possible conflict to report or describe any relat1onships, transactions, or other circumstances that could result in a comflict between the organizat1on interests and their personal f1nancial or other interests. All forms are reviewed by the Director of Finance & Ops. A list of potentially conflicted entit1es and individuaIs is ma1ntained for ident1fying possible conflicts. Form 990, Part VI, Section B, line 15 The Process for determining compensation of the CEO involves using multiple sources of comparability data for like positions within the same geographical location, level of responsibility, experience, education, revenue, and number of employees, coupled with an annual review given by the chair of the Board. The CEO's performance and compensation is a Joint board process by which all board members review, provide input and approve compensation changes before it's presented to the CEO. Latest review was in 2017.We use two sets of benchmarks, one from Payscale and a customized benchmarks of like-sized revenue not-for-profit organizations. For C-level positions, such adjustments and study were presented at board meeting so board members could review and approve. C-level employees' salaries are only adjusted if the board approved Form 990, Part VI, Section C, line 19 Governing documents and financial statements are available to public upon request. Form 990, Part IX, line 11g Contract/Professional Services: Program service expenses 531,706. Management and general expenses 222,164. Fundraising expenses 105,438. Total expenses 859,308. Payroll Service Fees: Program service expenses 9,658. Management and general expenses 4,035. Fundraising expenses 1,915. Total expenses 15,608.