Recoded Co
- Assets
- $894.3k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2017
- Data as of
- 06/2021
- EIN
- 81-4604206
Organization Overview
Recoded Co, operating under the name ReCoded, is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ReCoded 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 06/2021, ReCoded generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 65.2% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 60.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
RE:CODED IS A NON-PROFIT EMPOWERING YOUTH FROM UNTAPPED COMMUNITIES TO START CAREERS IN THE DIGITAL ECONOMY AS SOFTWARE DEVELOPERS AND DESIGNERS. (CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMMERSIVE CODING AND DESIGN PROGRAMS: FROM JULY 2020 TO JUNE 2021, RE:CODED TRAINED 273 UNDERSERVED YOUTH AGED 18 - 30 ACROSS FOUR COUNTRIES (IRAQ, TURKEY, YEMEN AND LEBANON) IN OUR CODING AND DESIGN BOOTCAMPS. THESE PROGRAMS ARE 11 MONTHS LONG: 5 MONTHS OF INTENSIVE TECHNICAL AND SOFT SKILLS TRAINING FOLLOWED BY 6 MONTHS OF DEDICATED CAREER SERVICES AND EMPLOYMENT SUPPORT. OVER 93% OF STUDENTS FOUND EMPLOYMENT IN THE TECHNOLOGY SECTOR AS JUNIOR DEVELOPERS OR DESIGNERS AND RETENTION / GRADUATION RATES WERE OVER 90%.
DESIGN PROGRAMS IN IRAQ: FROM JULY 2020 TO JUNE 2021, RE:CODED TRAINED OVER 90 WOMEN IN IRAQ TO BECOME GRAPHIC DESIGNERS AND PHOTOGRAPHERS IN A 3 MONTH INTENSIVE TRAINING PROGRAM, ENABLING THEM TO PREPARE THEMSELVES FOR CAREERS IN THE DIGITAL ECONOMY.
OTHER ACTIVITIES: FROM JULY 2020 TO JUNE 2021, RE:CODED PROVIDED ONLINE EVENTS AND ENTRY LEVEL COURSES TO OVER 2000 YOUTH AGED 18 TO 30 ACROSS THE MIDDLE EAST. THE ONLINE EVENTS AND COURSE CONTENT ADDRESSED TECHNICAL, FOUNDATIONAL AND SOFT SKILLS THAT ENABLED YOUTH TO BE AWARE OF AND GET READY FOR A CAREER IN THE DIGITAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcello Bonatto Founder COO | OfficerTrustee | 40 | $89,374 |
Alexandra Clare Founder CEO | OfficerTrustee | 40 | $89,226 |
John Jaeger Board Member | Trustee | 2 | $0 |
Evanna Hu Board Member | Trustee | 2 | $0 |
Sheryl Chamberlain Board Member | Trustee | 2 | $0 |
Emal Dusst Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,805,714 |
| Investment income | $145 |
| 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 | $2,128,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,811 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,986 |
| Fees for services: Accounting | $220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,335,960 |
| Advertising and promotion | $7,715 |
| Office expenses | $17,232 |
| Information technology | $36,153 |
| Royalties | $0 |
| Occupancy | $92,071 |
| Travel | $3,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,053 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,736,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,652 |
| 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 | $6,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $894,333 |
| Accounts payable and accrued expenses | $30,553 |
| Grants payable | $0 |
| Deferred revenue | $49,808 |
| 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 | $0 |
| Total liabilities | $80,361 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $813,972 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Recoded Co has recieved totaling $318,000.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $200,000 |
Western Union Foundation Inc Denver, CO PURPOSE: WORKFORCE/EDUCATION | $100,000 |
Blossom Hill Foundation Inc New Canaan, CT PURPOSE: Sponsor fellows int'l relief | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |