PLATINUM2024

Streetcode Academy

Innovation For Everyone

E PALO ALTO, CA   |  www.streetcode.org
GuideStar Charity Check

Streetcode Academy

EIN: 81-4041822


Mission

In response to the need for deeper investment in the community of color, StreetCode Academy acts as a bridge between Black Indigenous People of Color (BIPOC) and the technology they need to thrive in a digital age. Our mission is to empower communities of color to achieve their full potential by introducing the skills, mindsets, and networks needed to embrace tech and innovation. We seek to realize a world where the digital divide is closed, catalyzing a diverse tech sector that is better able to solve problems.

Ruling year info

2017

CEO

Olatunde Sobomehin

Main address

PO Box 51867

E PALO ALTO, CA 94303 USA

Show more contact info

EIN

81-4041822

Subject area info

STEM education

Continuing education

Computer literacy

Technology

Entrepreneurship

Show more subject areas

Population served info

Children

Adolescents

Adults

Ethnic and racial groups

Children and youth

NTEE code info

Youth Development Programs (O50)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Blog

What we aim to solve

SOURCE: Self-reported by organization

StreetCode Academy was founded to bridge the gap between our community of color and the tech world that surrounds us. Many in home community of East Palo Alto and others like it lack the cultural, physical, and social resources needed to equitably participate and achieve professional success in technology and innovation fields. The digital divide disproportionately affects communities of color, limiting economic and social mobility. Lack of tech access hinders the ability to connect with job opportunities, access quality education, and engage in entrepreneurship and business development. Our pressing need is addressing uneven community resource distribution manifested as inequality and segregation, leaving many low-income youths and their families to fall through the cracks in terms of educational and economic outcomes.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Mindset

Shifting the way that learners perceive technology and their relationship to it makes working in tech or becoming an innovator feel like an attainable dream. This mindset shift is partly achieved by providing models of success with teachers and mentors who come from the community and are demographically representative of its underserved members. Mindset is also impacted by the demystification of the tech world that comes with learning and using tech-industry vocabulary.

Population(s) Served
Adults
Children and youth
People of African descent
Indigenous peoples
People of Latin American descent

Building the confidence to learn and use new technology is the first rung on the ladder toward tech literacy and advancement. For adult learners, developing basic tech skills can provide a pathway to improved employment opportunities and an advantage as an applicant. For youth seeking entry to the tech world, acquiring relevant, marketable skills is a way to gain entry to the type of jobs they seek.

Population(s) Served

In addition to lacking culturally relevant models for success in the tech industry, within the community of color, there is also a lack of network connecting them to the industry. StreetCode initially facilitates the relationships between peers, mentors, and lead teachers. This in turn teaches participants how to communicate with people in tech, tech companies, and the tech community. Ultimately, by the time we begin making connections to industry professionals, participants are ready to actively engage and take advantage of their growing network.

Population(s) Served
Adults
Children and youth
Indigenous peoples
People of African descent
People of Latin American descent
Adults
Children and youth
Indigenous peoples
People of African descent
People of Latin American descent

Where we work

Awards

California Nonprofit of the Year 2021

California Association of Nonprofits

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of classes offered

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth, Indigenous peoples, People of African descent, People of Latin American descent

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of free registrants to classes

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth, Indigenous peoples, People of African descent, People of Latin American descent

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of groups/individuals benefiting from tools/resources/education materials provided

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth, Indigenous peoples, People of African descent, People of Latin American descent

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

We significantly scaled back the free laptop rental program due to lack of inventory. We have shifted to a lab model where community members can visit us for access to tech devices and support.

Number of meals served or provided

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth, Indigenous peoples, People of African descent, People of Latin American descent

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Through a partner nonprofit, Onyxx Village Connection

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

A recent study led by Professor of Economics Raj Chetty at Stanford University showed that women and people of color are much less likely to grow up to be innovators than their white, affluent, male counterparts. This research indicates that the disparity is not due to lack of talent or aptitude, but rather a lack of exposure to relevant role models and networks.

Culturally relevant programmingdelivered by members of the community who are reflective of the populationis powerful for under-resourced communities. Simply put, representation matters, and engaging youth and their families with familiar and relevant experiences increases the buy-in that leads to successful outcomes. For example, many youths view the music and entertainment industry as their best chance to break free from the cycles of poverty that plague their communities. By leveraging this and other motivating factors, digitally-focused youth programs can build bridges between tech and entertainment culture, inspiring them to unlock the skill sets and academic achievements they need to access successful lives.

In response to the need for deeper investment in the community of color, StreetCode Academy acts as a bridge between Black/Indigenous/People of Color (BIPOC) and the technology they need to thrive in a digital age. Our mission is to empower communities of color to achieve their full potential by introducing the mindsets, skills, and access needed to embrace tech and innovation. We seek to realize a world where people of color have the power of connection, innovation, and freedom.

Overall, we seek to raise expectations, build understanding, and provide simple strategies and consistent support to put BIPOC learners onto sustainable paths to success in this digital age. We do this through programs that support our participants creative and technical processes, build digital literacy, and shift mindset while reinforcing the learning of core skills.

StreetCode Academy develops, tests, and continually refines a scaffolding of programming that creates a pipeline both to and from our communities and the tech sector. Through a blend of in-depth workshops for both youth and adults, curriculum and software development, and distribution of critical technology equipment, we Shape Mindsets, Build Skills, and Increase Access in the following ways:

• Mindset Shifts are driven by participation in culturally relevant learning experiences that empower communities to see themselves in the technology that they consume and prepare them to play a role in the tech world.

• Building Skills begins with distributing critical tech resources to underserved communities who lack digital tools, then providing digital literacy education to help them leverage those tools to gain experiences and skills needed to improve their outcomes.

•Creating Access to peers, mentors, and lead technology teachers paves the way for individuals to comfortably interact with and take advantage of introduction to networks within the tech world.

StreetCode Academy has been serving free tech classes in East Palo Alto since 2016. The organization acts as a bridge between communities of color and the technology they need to thrive in a digital age. Our mission is to empower communities of color to achieve their full potential by introducing the skills, mindsets, and networks needed to embrace tech and innovation. We seek to realize a world where the digital divide is closed, catalyzing a diverse tech sector that is better able to solve global problems. We have reached over 10,000 community members through our student showcases, partnering with other nonprofits, and quarterly programming. After a 2 year transition to virtual classes due to the COVID-19 pandemic, we have since returned to hosting the majority of our classes in-person, as well as are piloting a hybrid model to maintain connections with the national community we've built. We have also forged ahead with national expansion, embarking on the Who's Next tour across North America where we brought introductory experiences with emerging technologies such as artificial intelligence, augmented reality, and virtual reality communities like East Palo Alto. To facilitate this growth, we have expanded our team, bringing on additional full time team members across various departments and focusing on the professional development of our current team. This has expanded our capacity to be able to serve more students than we have in previous years.

By the end of 2023, we achieved the following:
46 classes taught
4,158 students served
Completed a 10 Year Strategic Plan
Embarked on a national tour, visiting 11 cities over 4 weeks

Looking ahead to 2024, we plan to both deepen our relationships locally and expand our footprint nationally.

Financials

Streetcode Academy
Fiscal year: Oct 01 - Sep 30
Financial documents
2022 StreetCode Academy 2021 2020 StreetCode Academy Auditor Report
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

3.74

Average of 11.50 over 7 years

Months of cash in 2022 info

SOURCE: IRS Form 990

3.2

Average of 3.1 over 7 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

16%

Average of 11% over 7 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Streetcode Academy

Revenue & expenses

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Streetcode Academy

Balance sheet

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Streetcode Academy

Financial trends analysis Glossary & formula definitions

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

This snapshot of Streetcode Academy’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2017 2018 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $347,277 $272,225 $838,795 $361,930 -$451,752
As % of expenses 55.2% 18.2% 34.8% 14.1% -13.7%
Unrestricted surplus (deficit) after depreciation $343,496 $264,174 $809,625 $331,001 -$477,803
As % of expenses 54.3% 17.6% 33.2% 12.7% -14.4%
Revenue composition info
Total revenue (unrestricted & restricted) $976,431 $1,815,538 $3,391,966 $3,087,702 $2,717,077
Total revenue, % change over prior year 0.0% 85.9% 0.0% -9.0% -12.0%
Program services revenue 0.1% 0.3% 0.2% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 2.4% 0.2% 0.4%
All other grants and contributions 99.9% 99.7% 100.6% 99.8% 99.6%
Other revenue 0.0% 0.0% -3.1% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $629,154 $1,493,313 $2,410,692 $2,569,319 $3,291,411
Total expenses, % change over prior year 0.0% 137.4% 0.0% 6.6% 28.1%
Personnel 65.3% 59.8% 57.9% 59.3% 56.3%
Professional fees 10.6% 2.2% 6.6% 18.6% 4.0%
Occupancy 6.7% 10.0% 9.0% 3.6% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 17.5% 28.0% 26.5% 18.4% 39.7%
Full cost components (estimated) info 2017 2018 2020 2021 2022
Total expenses (after depreciation) $632,935 $1,501,364 $2,439,862 $2,600,248 $3,317,462
One month of savings $52,430 $124,443 $200,891 $214,110 $274,284
Debt principal payment $0 $0 $0 $99,345 $130,000
Fixed asset additions $28,769 $223,745 $0 $40,740 $0
Total full costs (estimated) $714,134 $1,849,552 $2,640,753 $2,954,443 $3,721,746

Capital structure indicators

Liquidity info 2017 2018 2020 2021 2022
Months of cash 2.8 3.0 6.7 6.1 3.2
Months of cash and investments 2.8 3.0 6.7 6.1 3.2
Months of estimated liquid unrestricted net assets 6.2 3.0 5.5 6.7 3.6
Balance sheet composition info 2017 2018 2020 2021 2022
Cash $148,607 $368,141 $1,347,901 $1,302,067 $868,619
Investments $0 $0 $0 $0 $0
Receivables $175,000 $10,000 $137,841 $501,197 $585,922
Gross land, buildings, equipment (LBE) $28,769 $252,514 $147,196 $187,936 $189,577
Accumulated depreciation (as a % of LBE) 13.1% 4.7% 43.5% 50.5% 63.8%
Liabilities (as a % of assets) 0.0% 1.0% 19.7% 8.4% 25.1%
Unrestricted net assets $348,595 $612,769 $1,190,834 $1,521,835 $1,044,032
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $79,689 $236,142 $113,560
Total net assets $348,595 $612,769 $1,270,523 $1,757,977 $1,157,592

Key data checks

Key data checks info 2017 2018 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

CEO

Olatunde Sobomehin

Number of employees

Source: IRS Form 990

Streetcode Academy

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Streetcode Academy

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Streetcode Academy

Board of directors
as of 01/18/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Dr. Okey Onyejekwe

23andMe

Term: 2024 -

Okey Onyejekwe

23andMe

Tea Lempiala

UC Merced

Jason Mayden

Trillicon Valley

Justin Phipps

Redtone Records

Olatunde Sobomehin

StreetCode Academy

Daphne LaRose-Molapo

Wicked Saints Studio

Jessica Salinas

New Media Ventures

Maria Telleria

Canvas

Vicki Wilkerson

The Blue Lake Project

Organizational demographics

SOURCE: Self-reported; last updated 1/18/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Male

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data