2017-11-14T06:39:05-06:00 2016-12-31 264677183 DZH Phillips LLP 135 Main Street 9th Floor San Francisco CA 94520 990 2016-01-01 455026246 Project TF PROJ 4155130204 785 Market Street No 850 San Francisco CA 94103 Laura Weidman Powers Chief Executive Officer 4155130204 2017-11-13 1 Deborah Kaminski P00645581 4157812500 12.201.135.74 2017-11-13 15:34:57 PS P 29C329510690AC2AD766FA3FDCF3E14F4B587691 EBFC66DCBA349F2083C74EAC78276C6A9350E58E 2016 2017-02-10 21:41:12Z CODE2040 Laura Weidman Powers 785 Market Street No 850 San Francisco CA 94103 3364822 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 35 600 0 0 7022624 3305667 0 29840 223 354 -12612 26286 7010235 3362147 79999 226669 0 0 1212324 2208132 0 0 1607498 592978 2590380 1885301 5025181 5124934 -1663034 7038650 5499051 73570 197005 6965080 5302046 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. 0 0 580690 Fellows - The Code2040 Fellows Program builds bridges between top, college-level Black and Latinx engineering talent who want to access the Innovation Economy and have been historically overlooked and companies who are in need of this talent. In the process, Fellows gain the network and experience they need to have careers in the sector and company partners learn how to operationalize diversity and inclusion with entry level candidates. Students intern at top tech companies and participate in a series of career building sessions on evenings and weekends. Our Code2040 Fellows spend their summer in an intensive career accelerator between June and August. Fellows intern at a top-tech company and participate in a series of workshops designed to equip them with the tools and resources they need to navigate the tech industry and build an exciting career. 462304 Technical Applicant Prep Program (TAP) - TAP bridges Computer Science education with careers in tech, to provide Black and Latinx students with the network, resources and community to launch and sustain their tech careers. A key exampe is Tech Trek, an all-expenses paid, alternative spring break that brings together Black and Latinx computer science students from across the United States for a week of deep peer-bonding and visits to Bay Area tech companies. In this program, students engage with company leaders, engineers,and innovators from diverse backgrounds, meet fellow Black and Latinx technologists, and leave with the network, resources, and community they need to launch and sustain their tech career. 736303 226669 Residency - EIR - The CODE2040 Residency, powered by Google for Entrepreneurs, is designed to empower Black and Latinx entrepreneurs to take their companies to the next level while cultivating diversity in their own communities. Our EIRs get support from CODE2040, Google for Entrepreneurs, and from the tech hubs, which are all committed to creating and growing strong, diverse, and inclusive entrepreneurial ecosystems in the cities they call home. 281281 Company Programs - works with tech companies and companies with large tech hiring needs to diversify their workforce. 461594 Program Development 154770 National Diversity 897645 2676942 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 35 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 0 0 CA X Sean Segal 4155130204 785 Market Street No 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 0 0 0 Laura Weidman Powers CEO 40.00 X 205647 0 8323 Karla Monterroso VP, Programs 40.00 X 166787 0 12601 Sean Segal COO 40.00 X 170524 0 8207 Christian Simamora Director, Fellows Program 40.00 X 100634 0 2807 643592 0 31938 4 0 1 0 Rio G Bennin (Crossroads Labs LLC) 204 Park Place Apt 1 Brooklyn NY 11238 Software development for Fellows Program 107029 1 87000 3218667 3305667 Program Service Fees 900099 29840 29840 29840 354 354 7238 87000 2675 4563 4563 Miscellaneous receipts 900099 21723 21723 21723 3362147 51563 0 4917 X 226669 226669 572088 394772 160603 16713 1448771 924924 242070 281777 52702 30531 11032 11139 134571 86424 25034 23113 2650 2650 24436 600 23836 345141 272030 68062 5049 124783 58344 61817 4622 41314 9625 27092 4597 176279 121691 33671 20917 417627 392183 15396 10048 37523 37691 -168 31485 26844 2837 1804 10031 6627 2050 1354 Bad Debt Expense 1226013 0 0 1226013 Stipends 55525 55525 0 0 Staff Training 39828 16778 23050 0 Recruitment 26678 8948 17640 90 31067 6736 24069 262 5025181 2676942 740741 1607498 1440217 3375501 5436879 1828824 66800 11659 231324 31485 0 199839 94754 83228 7038650 5499051 73570 197005 73570 197005 X 895816 2108325 6069264 3193721 6965080 5302046 7038650 5499051 -1663034 0 X 0 1 X 0 0 X 737496 2029563 7022624 3305667 13095350 737496 2029563 7022624 3305667 13095350 5653884 7441466 348 223 354 925 2067 6787 -12894 21723 17683 13113958 325904 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous receipts - 2013 Amount: $ 2,067. 2014 Amount: $ 6,787. 2015 Amount: $ 5,995. 2016 Amount: $ 21,723. Loss from disposal of assets - 2015 Amount: $ -18,889. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23234 4260 18974 56825 10418 46407 151265 16807 134458 199839 3362147 0 3362147 0 3362147 5025181 0 5025181 0 5025181 Kick-it Event 92865 87000 5865 2000 492 92865 87000 5865 2000 492 2492 3373 1 GRANTS TO ENTREPRENEURS 10 226669 0 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. 0 0 0 0 0 0 0 0 0 Laura Weidman Powers CEO 205647 0 0 0 0 0 8323 0 0 0 213970 0 0 0 Karla Monterroso VP, Programs 166787 0 0 0 0 0 12601 0 0 0 179388 0 0 0 Sean Segal COO 170524 0 0 0 0 0 8207 0 0 0 178731 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 15a 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 2016. Form 990, Part VI, Section C, line 19 Governing documents and financial statements are available to public upon request. Form 990, Part IX, line 24e Furnishing and Equipment: Program service expenses 5,293. Management and general expenses 18,086. Fundraising expenses 36. Total expenses 23,415. Equipment Lease: Program service expenses 1,023. Management and general expenses 2,335. Fundraising expenses 216. Total expenses 3,574. Banking and other fees: Program service expenses 0. Management and general expenses 2,272. Fundraising expenses 0. Total expenses 2,272. Sales Tax: Program service expenses 0. Management and general expenses 1,245. Fundraising expenses 0. Total expenses 1,245. Misc. Expenses: Program service expenses 420. Management and general expenses 131. Fundraising expenses 10. Total expenses 561.