2018-11-14T13:22:39-06:00 2017-12-31 330835986 SQUARMILNERLLP 135 Main Street 9th floor San Francisco CA 94105 990 2017-01-01 455026246 Project TF PROJ 4155130204 785 Market Street No 850 San Francisco CA 94103 Karla Monterroso Chief Executive Officer 4155130204 2018-11-05 Deborah Kaminski P00645581 4157812500 71.6.48.101 2018-11-05 14:00:16 PS P A1DB5DB41FEE3373BA9901E03D6B95C2889EF87E 6036B04D9C6BEFB66C998240E7E64E5C4D3E23EB 2017 2019-02-21 02:37:17Z CODE2040 Karla Monterroso 785 Market Street No 850 San Francisco CA 94103 5607350 0 X www.CODE2040.ORG X 2012 CA CODE2040 creates pathways to educational, professional, and entrepreneurial success in technology for underrepresented minorities with a specific focus on Black and Latinx populations. The fellows program provided internships for 86 individuals. The technical applicant prep program served 600 individuals in person and 5000 online. The entrepreneur in residence program supported 7 individuals in Durham, Chicago, Detroit, San Francisco, Minneapolis and Austin. 6 6 47 800 0 0 3305667 4177035 29840 1408500 354 1141 26286 -3711 3362147 5582965 226669 582833 0 0 2208132 3647611 0 0 777288 2590380 2104338 5025181 6334782 -1663034 -751817 5499051 4805341 197005 255112 5302046 4550229 X CODE2040 aims to close the achievement, wealth, and skills gaps for Black and Latinx population in the United States by creating access, awareness, and opportunities in technology and engineering. 1 1 1620405 1408500 Title: Student ProgramsDescription: 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. 452575 Title: Community Mobilization Department Description: 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. 1216608 582833 Title: Residency - EIR "Description: 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." 427906 8473 Title: Company Culture TransformationDescription: 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. 202218 Company Programs - works with tech companies and companies with large tech hiring needs to diversify their workforce. 630124 8473 3919712 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 68 0 1 47 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X Cherizza Lundy 4155130204 785 Market Street 850 San Francisco CA 94103 Tristan Walker Chair 0.50 X X 0 0 0 Amber Saloner-Tenant Secretary 0.50 X X 0 0 0 Marc Hedlund Treasurer 0.50 X X 0 0 0 Ben Horowitz Director 0.50 X 0 0 0 Kristen Titus Director 0.50 X 0 0 0 Susan Colby Vice Chair 0.50 X X 0 0 0 Laura Weidman Powers CEO 40.00 X 243627 0 8236 Karla Monterroso VP.Programs 40.00 X 190342 0 7609 Sean Segal COO 40.00 X 255498 0 0 Christian Simamora Sr.Director,Student Prog. 40.00 X 120395 0 4740 Alexandra Trabulsi Sr.Director,Development 40.00 X 124055 0 3385 Michelle Fox Sr.Director,Community Mobilization 40.00 X 114266 0 6098 1048183 0 30068 6 0 1 0 Rio G Bennin (Crossroads Labs LLC) 204 Park Place Apt 1 Brooklyn NY 11238 Software development for Fellows Program 160400 1 1500 4175535 4177035 Program Service Fees 900099 1408500 1408500 1408500 1141 1141 12201 1500 24385 -12184 -12184 Miscellaneous receipts 900099 8473 8473 8473 5582965 1416973 0 -11043 582833 582833 705312 333240 306799 65273 2578950 1472574 670705 435671 133469 71959 39723 21787 229880 134477 58488 36915 35505 35505 30226 740 29486 402778 196254 117379 89145 265483 206584 57397 1502 441355 273440 117237 50678 466664 391888 43870 30906 41249 34649 6600 135842 108903 18779 8160 13876 7964 4121 1791 Stipends 125611 84951 38485 2175 Staff Training 54345 2970 51375 0 Bad Debt Expense 40524 9278 0 31246 Recruitment 34927 1256 33111 560 15953 5752 8722 1479 6334782 3919712 1637782 777288 3375501 1985949 1828824 2088253 11659 49377 641067 167327 199839 473740 83228 208022 5499051 4805341 197005 255112 197005 255112 X 2108325 3255864 3193721 1294365 5302046 4550229 5499051 4805341 -751817 0 X 0 1 X 0 0 X 737496 2029563 7022624 3305667 4177035 17272385 737496 2029563 7022624 3305667 4177035 17272385 6026928 11245457 348 223 354 1141 2066 2067 6787 -12894 21723 8473 26156 17300607 1734404 0.65000 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous receipts - 2013 Amount: $ 2067. 2014 Amount: $ 6787. 2015 Amount: $ 5995. 2016 Amount: $ 21723. 2017 Amount: $ 8473. Loss from disposal of assets - 2015 Amount: $ -18889. 135567 33316 102251 200018 45363 154655 305482 88648 216834 473740 X 5582965 0 5582965 0 5582965 6334782 0 6334782 0 6334782 Part X, Line 2: The Organization is exempt from paying federal and state income taxes under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Accordingly, no provision has been made for such taxes in the accompanying financial statements. The wholly owned subsidiary was a pass-through entity for income tax reporting purposes and accordingly, did not pay tax on its taxable income. Instead, allocated income or loss was reported on the tax return of the Organization. The entity was subject to a minimum franchise tax for the State of California. 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. 1 GRANTS TO ENTREPRENEURS 24 582822 N/A N/A Part I, Line 2: Funds are granted to Entrepreneurs in Residence who participate in a year long program that supports their efforts. Participants meet with CODE2040 staff regularly throughout year and must meet certain metrics in order to receive full grant. X X X X X X 1 0 0 0 0 0 0 0 0 Laura Weidman Powers CEO 243627 0 0 0 0 0 8236 0 0 0 251863 0 0 0 Karla Monterroso VP.Programs 190342 0 0 0 0 0 7609 0 0 0 197951 0 0 0 Sean Segal COO 157998 0 0 0 97500 0 0 0 0 0 255498 0 0 0 Part I, Line 4a Sean Segal - Severence payment of $97,500 Form 990, Part III, line 2 We introduced a new program called Community Mobilization and another one called Company Culture Transformation. Community Mobilization: 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. 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. Form 990, Part III, line 3 EIR program was ceased in Oct 2017 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.