Overview
What is The Launchcode Foundation?
The Launchcode Foundation, a nonprofit based in Saint Louis, Missouri (Address: 4811 Delmar Blvd, ZIPCd: 63108), focuses on creating economic opportunities and upward mobility by directly placing driven individuals into technology apprenticeships and jobs, based on aptitude, professionalism, and skills. In 2022, they collaborated with hundreds of companies and education partners to help candidates overcome employment barriers, placing 330 individuals into apprenticeships or permanent jobs in technology. The organization also provided tech education services to 1,268 new individuals. The mission of Launchcode is to build a skilled workforce by creating alternative paths for people seeking careers in technology. Their activities include offering a range of support such as consulting, accounting and legal services, mentoring, digital marketing, software licenses, and training. The foundation employs a team of 473 individuals dedicated to this noble cause.
Official website here: www.launchcode.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92% (Four-Star out of Four Star rating)
The Launchcode Foundation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. With an Accountability & Finance Score of 92 and a Culture & Community Score of 95, the organization demonstrates effective governance practices, including a board composed entirely of independent members. This strong oversight is further underscored by their impressive performance in financial measures, such as a program expense ratio of 86.86%, indicating that a significant portion of their funding is directed toward their programs.
Strengths of The Launchcode Foundation include rigorous financial oversight and comprehensive governance policies, including conflict of interest and whistleblower policies. The organization also maintains a solid liabilities to assets ratio of 20.14%, suggesting sound financial health. These factors contribute positively to their overall reputation, reinforcing the trust placed in them by donors and stakeholders.
While the organization boasts many strengths, continued monitoring of their program effectiveness and outreach remains essential as they grow. Addressing any emerging challenges related to scaling their impact will be crucial for maintaining their high standards and fulfilling their mission effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Launchcode Foundation?
92% of the 56 reviewers on Facebook recommend The Launchcode Foundation. Here is a summary of their reviews:
Many individuals highlight the organization's commitment to providing valuable opportunities for those looking to advance in the IT sector. Reviewers appreciate the resources and support available, emphasizing how beneficial it can be for anyone aiming to develop their skills in technology and programming.
Overall, feelings towards The Launchcode Foundation are positive, with numerous accounts of its effectiveness in helping people pursue careers in IT. The organization seems to effectively deliver on its promise to empower individuals through education and skill-building initiatives.
This AI summary has been generated from reviews found on Facebook.
Is The Launchcode Foundation legitimate?
The Launchcode Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Launchcode Foundation 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: $276,153
Professional Fundraising Fees: $33,110
Other Salaries and Wages: $11,356,104
For more financial information, click here
Official website here: www.launchcode.org
What is the mission statement of The Launchcode Foundation?
The Launchcode Foundation is a non-profit organization committed to building a skilled workforce by creating opportunities for motivated individuals seeking careers in technology. Through job placement and training, Launchcode increases economic opportunity and upward mobility for driven individuals. In 2022, the Foundation worked with hundreds of companies and education partners to help candidates overcome employment barriers, placing 330 individuals into apprenticeships or permanent jobs in technology. With a focus on aptitude, professionalism, and skills, Launchcode provides tech education services to a large number of new individuals each year. In pursuit of this goal, the Foundation received significant in-kind support valued at over two million four hundred seventy thousand dollars.
Official website here: www.launchcode.org
Who is the CEO of The Launchcode Foundation?
James Mckelvey is the President of The Launchcode Foundation.
Official website here: www.launchcode.org
What is the revenue of The Launchcode Foundation?
The Launchcode Foundation's revenue in 2022 was $18,627,077.
Official website here: www.launchcode.org
Who are the executives of The Launchcode Foundation and what are their salaries?
The average compensation at The Launchcode Foundation during 2022 was $24,593. There are 473 employees and 80 volunteers at The Launchcode Foundation.
Here are 19 key members and their salaries:
- Compensation: $150,568
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- Other: $12,683
- Compensation: $130,570
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- Other: $4,930
- Compensation: $114,423
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- Other: $17,907
- Compensation: $110,195
- Related: $0
- Other: $18,080
- Compensation: $108,803
- Related: $0
- Other: $17,042
- Compensation: $106,959
- Related: $0
- Other: $14,135
- Compensation: $109,707
- Related: $0
- Other: $4,003
- Compensation: $29,214
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Official website here: www.launchcode.org
Where can I find the form 990 for The Launchcode Foundation?
The Launchcode Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.launchcode.org
Learn more at the official website: www.launchcode.org
Mission Statement of The Launchcode Foundation
The Launchcode Foundation, a nonprofit organization, is dedicated to building a skilled workforce and creating economic opportunities for aspiring developers through job placements and technology training. By focusing on aptitude, professionalism, and skills rather than formal degrees or extensive job experience, Launchcode helps driven individuals overcome traditional barriers to employment and succeed in the technology industry.
In 2022, The Launchcode Foundation worked with numerous companies and education partners to place 330 candidates into technology apprenticeships or permanent jobs. To achieve this goal, they provided valuable in-kind support worth $2,407,402, which included rent, consulting, accounting and legal services, mentoring, digital marketing, and software licenses for apprenticeship candidates. Moreover, Launchcode welcomed 1,268 new individuals into their tech education programs in 2022.
The Launchcode Foundation's mission is to bridge the gap between aspiring developers and the technology industry by providing a supportive and effective training ground. Their unique approach enables individuals with the passion and determination to learn and thrive in tech careers, regardless of their backgrounds. With a commitment to economic opportunity and upward mobility, The Launchcode Foundation is transforming lives and making a significant impact on the technology workforce.
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Impact
October, 2024
The Launchcode Foundation significantly enhances economic opportunity and upward mobility by creating pathways for individuals eager to build careers in technology. In 2022, the foundation placed 330 candidates into technology apprenticeships and permanent jobs, breaking down traditional barriers such as the need for formal degrees or extensive work experience.
Additionally, Launchcode offered tech education services to 1,268 new individuals, equipping them with the necessary skills to enter the workforce. Collaborating with hundreds of companies and education partners, the foundation focuses on assessing candidates based on their aptitude, professionalism, and skills rather than their formal qualifications.
The impact extends beyond job placements; Launchcode provided in-kind support valued at over $2.4 million, which included resources such as mentoring, consulting, and digital marketing. Overall, Launchcode plays a crucial role in fostering a skilled workforce and enhancing access to technology careers, ultimately benefiting both individuals and the broader community.
This information is meant to be a general summary of The Launchcode Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $94,567
- Program Service Revenue: $15,125,219
- Gross Receipts: $18,977,358
Assets and Liabilities:
- Total Assets: $21,183,312
- Total Liabilities: $4,268,644
- Net Assets: $16,914,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING & PLACEMENT F
Revenue
$15,125,219
Organization Details
Founding Year
2014
Phone
(314) 254-0107Principal Officer
James Mckelvey
Main Address
4811 DELMAR BLVD, SAINT LOUIS, MO, 63108
Website
www.launchcode.orgNTEE Category
Code: B30 - Education
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