Code The Dream Inc
- Assets
- $1.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Durham, NC
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-3275886
Organization Overview
Code The Dream Inc is located in Durham, NC. The organization was established in 2009. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Code The Dream Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Code The Dream Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Code The Dream Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CODE THE DREAM CREATES OPPORTUNITY THAT CHANGES LIVES, BUILDS TECHNOLOGY THAT BENEFITS OUR COMMUNITIES, AND SUPPORTS THE DIVERSITY THAT DRIVES A MORE JUST AND INNOVATIVE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CODE THE DREAM STARTS WITH FREE INTENSIVE TECH TRAINING FOR PEOPLE FROM DIVERSE AND LOW-INCOME BACKGROUNDS. IN CTD LABS, APPRENTICES HONE THOSE SKILLS BY DEVELOPING REAL-WORLD APPS THAT BENEFIT OUR COMMUNITIES. CTDS MODEL OFFERS A UNIQUE WIN-WIN, WHERE PARTICIPANTS GAIN HANDS-ON EXPERIENCE BUILDING APPS THAT MAKE THE WORLD A BETTER PLACE, AND THEN USE THAT EXPERIENCE TO LAUNCH LIFE-CHANGING CAREERS.IN 2021, CTD EXPANDED RAPIDLY TO ADDRESS OUR NATIONS GROWING OPPORTUNITY AND WEALTH GAP, AND TO ENSURE THAT PEOPLE FROM ALL BACKGROUNDS HAVE A VOICE IN CREATING SOLUTIONS TO OUR MOST PRESSING PROBLEMS. 2021 DATA POINTS: 778 APPLICANTS AND 128 STUDENTS FROM 12 STATES // APPRENTICES GAINED REAL-WORLD EXPERIENCE BUILDING OVER A DOZEN APPS, MANY DIRECTLY IMPROVING THE LIVES OF LOW-INCOME FAMILIES AND MARGINALIZED COMMUNITIES // 91% OF CTD APPRENTICES LAUNCHED NEW TECH CAREERS DIRECTLY FROM THEIR CTD EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Rearick Co-Executive Director | OfficerTrustee | 55 | $98,694 |
Daisy Magnus-Aryitey Co-Executive Director Nov 20 | OfficerTrustee | 55 | $38,083 |
Aris Buinevicius Chair | OfficerTrustee | 2 | $0 |
Ana Maria Echeverri Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Zachary Director | Trustee | 1.5 | $0 |
Carlos Pignataro Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,784,247 |
| Noncash contributions included in lines 1a–1f | $65,070 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,784,247 |
| Total Program Service Revenue | $591,117 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,376,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,684 |
| Pension plan accruals and contributions | $34,424 |
| Other employee benefits | $103,574 |
| Payroll taxes | $73,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,070 |
| Fees for services: Accounting | $10,177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $625,639 |
| Advertising and promotion | $1,841 |
| Office expenses | $6,220 |
| Information technology | $22,870 |
| Royalties | $0 |
| Occupancy | $53,326 |
| Travel | $1,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118 |
| Insurance | $3,149 |
| All other expenses | $0 |
| Total functional expenses | $1,810,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,891 |
| Savings and temporary cash investments | $630,269 |
| Pledges and grants receivable | $30,000 |
| Accounts receivable, net | $103,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,345 |
| Total assets | $1,242,473 |
| Accounts payable and accrued expenses | $22,633 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,524 |
| Total liabilities | $31,157 |
| Net assets without donor restrictions | $1,068,816 |
| Net assets with donor restrictions | $142,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,242,473 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Code The Dream Inc has recieved totaling $620,606.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: TO SUPPORT CODE THE DREAM CAPACITY SCALING AND COLORADO PARTNERSHIP EXPLORATION | $175,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $120,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $75,000 |
Nc Idea Durham, NC PURPOSE: ECOSYSTEM GRANTS | $70,000 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $50,000 |
World Education Services Inc New York, NY PURPOSE: OPPORTUNITY CHALLENGE FUND | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |