Code the Dream INC EIN 26-3275886

Code the Dream INC FY2021 filing

EIN  26-3275886 Public charity (501(c)(3)) Durham, NC Founded 2008
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Trains individuals from underrepresented backgrounds to build technology and create opportunities.
Leadership
Daniel Rearick · Co-Executive Director · $99K
Money in and out
$2.4M revenue, $1.8M expenses
Bottom line
84% program efficiency

Trains individuals from underrepresented backgrounds to build technology and create opportunities. For fiscal year 2021 it reported $2.4M in revenue, $1.8M in expenses, and $1.2M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $566K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.09 Fundraising $0.07
Program efficiency
84%
of spending reaches programs
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$2.4M
FY2021▲ +97%
Expenses
$1.8M
FY2021▲ +52%
Total assets
$1.2M
FY2021▲ +91%
Total liabilities
$31K
FY2021▼ -73%
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$566K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2021.
01

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.

$1.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCode the Dream INC
EINHdr · item D26-3275886
Principal addressHdr · item CDurham, NC
WebsiteHdr · item Jwww.codethedream.org
Year of formationHdr · item L2008
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B990)
Ruling yearIRS BMFJun 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-Executive Director
$98,694Pt VII · Sec A
Co-Executive Director Nov 20
$38,083Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Daniel Rearick’s $171K as Co-Executive Director is at the 74th percentile of top reported officer pay among 3392 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Daniel Rearick$170,538$139,423$128,000$98,694
Daisy Magnus-Aryitey$170,538$139,923$128,500$38,083
Thomas Rau$116,308$106,269$101,363
Lucy Martinez$115,923
Omer Yariv$101,500
Pam Bash$101,115

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$1.8M · 75%
Program service revenue$591K · 25%
Contributions & grants75%$1.8M
Program service revenue25%$591K
Investment income$27
Other revenue$850
Total revenueLn 12$2.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.09 Fundraising $0.07
Program services84%$1.5M
Management & general9%$168K
Fundraising7%$123K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$31K
Total net assetsLn 32$1.2M
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses (Pt IX) $1.8M · Less non-cash grants $65K · Cash operating expenses/yr $1.7M
7.3 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.8M
84%
Management & General
Management & general $168K · Total expenses $1.8M
9%
Fundraising
Fundraising $123K · Total expenses $1.8M
7%
Cost to raise $1
Fundraising expense (2-yr avg) $81K · Solicited contributions (2-yr avg) $1.3M
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.8M · Total revenue $2.4M
75%
Government reliance
Government grants — · Total revenue $2.4M
Earned-income share
Program service revenue $591K · Total revenue $2.4M
25%
Investment reliance
Investment income $27 · Total revenue $2.4M
0%
Program self-sufficiency
Program service revenue $591K · Total expenses $1.8M
33%
Growth & trend
Revenue growth (YoY)
This year $2.4M · Prior year $1.2M
+97%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.4M · Expenses $1.8M
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Daniel Rearick · Reported title CO-EXECUTIVE DIRECTOR · Highest reported compensation $99K · Total expenses $1.8M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $1.8M
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 9%
Fundraising cost ratio 7%
Revenue growth 97%
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 16 funders$2.0M
See all 16 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$9.5M revenue · ⤓ 990 PDF
FY2023$5.9M revenue · ⤓ 990 PDF
FY2022$3.3M revenue · ⤓ 990 PDF
FY2021$2.4M revenue · viewing · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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