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Code The Dream Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263275886 ✦ Durham, NC ✦ Designated as a 501(c)(3)

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Overview

What is Code The Dream Inc?

Code The Dream Inc is a nonprofit organization located in Durham, North Carolina. Established with a mission to provide free, intensive tech training to individuals from diverse and low-income backgrounds, the organization offers a unique model where participants gain hands-on experience in developing real-world apps to improve their communities. In 2022, Code The Dream expanded its reach, addressing the nation's growing opportunity and wealth gap, and ensuring underrepresented groups have a voice in creating solutions to pressing issues. With 266 students from 32 states participating in 2022, the apprentices built 15 applications, many benefiting low-income families and marginalized communities. Over 90% of the Code The Dream apprentices secured job offers upon completion. The organization's mission is to create opportunities, build technology for community benefit, and support diversity, driving a more just and innovative world.


Official website here: www.codethedream.org

What are the reviews and ratings of this charity?

Charity Navigator has awarded Code The Dream Inc a Four-Star out of Four Star rating, reflecting an impressive overall score of 95%. The charity excels particularly in the Accountability & Finance category, scoring 90% in this area. The organization demonstrates strong governance practices, with a fully independent board and no material diversion of assets, indicating a high level of financial integrity and transparency.

In addition to its financial strengths, Code The Dream Inc has a solid program expense ratio of 87.27%, which suggests that the majority of its funding is being allocated directly to its programs. The organization also maintains excellent fundraising efficiency, with a very low cost of fundraising relative to the funds raised. These metrics indicate that Code The Dream Inc is effectively utilizing its resources to further its mission.

The charity's Culture & Community score of 93 indicates a commitment to equity strategies and community engagement. Although the majority of the feedback highlights its strengths, the limited focus on community culture, as suggested by the scoring breakdown, may point to areas for potential growth. Overall, Code The Dream Inc appears to be a well-managed organization with a strong focus on accountability and program delivery.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Code The Dream Inc?

100% of 7 reviewers on Facebook recommend Code The Dream Inc. Here is a summary of their reviews:

Overall, reviewers express a deep appreciation for the mission of Code The Dream Inc, emphasizing its commitment to fostering community and supporting individuals in need through technology. Many highlight the nonprofit's focus on empowerment and collaboration, seeing it as a vital resource for promoting inclusivity and opportunity among marginalized groups.

The sentiment is overwhelmingly positive, reflecting the organization's effectiveness in delivering on its promises. Reviewers resonate with the values of community and humanity that Code The Dream Inc embodies, showcasing a strong alignment between its goals and the needs of those it serves.


This AI summary has been generated from reviews found on Facebook.

Is Code The Dream Inc legitimate?

Code The Dream Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Code The Dream Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $256,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,124,448

For more financial information, click here


Official website here: www.codethedream.org

What is the mission statement of Code The Dream Inc?

Code The Dream Inc's mission is to create opportunities that transform lives, build technology that benefits communities, and foster the diversity that drives a more just and innovative world. Through their initiatives, they provide free intensive tech training to individuals from diverse and low-income backgrounds. In Code The Dream Labs, these trainees hone their skills by developing real-world applications that benefit their communities. Code The Dream's unique model offers a win-win situation, where participants gain hands-on experience in building apps that make the world a better place and subsequently use this experience to launch successful careers. In 2022, Code The Dream expanded its reach to address the nation's growing opportunity and wealth gap, ensuring that individuals from all backgrounds have a voice in solving pressing issues. The 2022 data shows that 1,356 applicants and 266 students from 32 states participated, with apprentices gaining real-world experience in building 15 applications, many of which directly improved the lives of low-income families and marginalized communities. Over 90% of Code The Dream apprentices had job offers when they completed their training.


Official website here: www.codethedream.org

Who is the CEO of Code The Dream Inc?

Aris Buinevicius is the Co-Executive Director of Code The Dream Inc.


Official website here: www.codethedream.org

What is the revenue of Code The Dream Inc?

Code The Dream Inc's revenue in 2022 was $3,344,092.


Official website here: www.codethedream.org

Who are the executives of Code The Dream Inc and what are their salaries?

The average compensation at Code The Dream Inc during 2022 was $51,146. There are 27 employees and 171 volunteers at Code The Dream Inc.


Here are 11 key members and their salaries:


Daniel Rearick (Co-Executive Director)
  • Compensation: $128,000
  • Related: $0
  • Other: $17,958
Daisy Magnus-Aryitey (Co-Executive Director)
  • Compensation: $128,500
  • Related: $0
  • Other: $6,425
Thomas Rau (Director Of Ctd Labs)
  • Compensation: $101,363
  • Related: $0
  • Other: $5,638
Carlos Pignataro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Zachary (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Boakye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuel Ramos Gonzales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Laboy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Rohol (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aris Buinevicius (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ana Maria Echeverri (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.codethedream.org

Where can I find the form 990 for Code The Dream Inc?

Code The Dream Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.codethedream.org

Learn more at the official website: www.codethedream.org

Mission Statement of Code The Dream Inc

Code The Dream Inc is an organization that strives to create opportunities, build technology that benefits communities, and support the diversity that drives a more just and innovative world. Their mission is to provide free intensive tech training for individuals from diverse and low-income backgrounds. In their CTD Labs, these trainees hone their skills by developing real-world applications that benefit their communities. This unique model offers a win-win situation, where participants gain hands-on experience in building applications that improve the world, and then use this experience to launch successful careers.

Code The Dream Inc expanded its reach in 2022, aiming to address the growing opportunity and wealth gap in the United States and ensure that people from all backgrounds have a voice in creating solutions to our most pressing problems. During this period, they served 1,356 applicants and 266 students from 32 states. The apprentices at Code The Dream Inc built 15 applications, many of which directly improved the lives of low-income families and marginalized communities. Moreover, over 90% of the apprentices had job offers when they completed their training at Code The Dream Inc. This organization's mission is paving the way for a more equitable and innovative future, empowering individuals from diverse backgrounds to contribute to their communities through technology.

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Impact




October, 2024

Code The Dream Inc has a profound impact by creating opportunities that transform lives and contribute to community well-being. Through its free, intensive tech training programs, the organization targets individuals from diverse and low-income backgrounds, empowering them with essential skills in technology.

In the CTD Labs, apprentices engage in hands-on experiences, developing real-world applications aimed at addressing pressing societal issues. This unique model not only helps participants gain valuable experience but also enables them to create apps that directly improve the quality of life for low-income families and marginalized communities.

In 2022, Code The Dream saw significant growth, with 1,356 applicants and 266 students from 32 states taking part in their programs. The apprenticeship initiative resulted in the development of 15 impactful apps, further demonstrating the organization’s commitment to tackling the opportunity and wealth gaps in the nation. Impressively, over 90% of apprentices received job offers upon completion, illustrating the tangible outcomes of their training and the readiness of these individuals to contribute to the workforce.

By fostering diversity and inclusion in technology, Code The Dream not only supports individual career growth but also promotes a more just and innovative world.




This information is meant to be a general summary of Code The Dream Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,344,092 (2022)
Expenses
$2,695,059 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $50
  • Program Service Revenue: $755,657
  • Gross Receipts: $3,344,092

Assets and Liabilities:

  • Total Assets: $1,958,684
  • Total Liabilities: $139,456
  • Net Assets: $1,819,228

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

APPLICATION DEVELOPMENT

Revenue

$755,657

Organization Details

Founding Year

2008

Principal Officer

Aris Buinevicius

Main Address

201 W MAIN ST SUITE 100, DURHAM, NC, 27701

NTEE Category

Code: B990 - Education

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