Student Research and Development EIN 26-4742589 Form 990 (PDF) Claim this org

Student Research and Development

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Educates students in technology and engineering through engaging programs. For fiscal year 2024 it reported $957K in revenue, $830K in expenses, and $265K in net assets.Pt I

Founded
2009
Type
Public charity (501(c)(3)) · Education
Location
Seattle, WA
Website
www.codeday.org
Filings
5 on file (2020–2024)
Revenue
$957KFY2024
Expenses
$830K
Net assets
$265K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-4742589 Public charity (501(c)(3)) Seattle, WA Founded 2009
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates students in technology and engineering through engaging programs.
Leadership
Tyler Menezes · Executive Director and Board Member · $90K
Money in and out
$957K revenue, $830K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$957K
Pt VIII · Ln 12
Total expenses
$830K
Pt IX · Ln 25
Net assets
$265K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $127K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program efficiency
88%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate▼ -25% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$957K
FY2024▲ +109%
Expenses
$830K
FY2024▲ +109%
Total assets
$267K
FY2024▲ +57%
Total liabilities
$2K
FY2024▼ -93%
Total revenue
$957K
Pt VIII · Ln 12
Total expenses
$830K
Pt IX · Ln 25
Net assets
$265K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$127K
Total assetsPt X · Ln 16$267K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $730K of program spending, described in the organization's own filed words · FY2024.
01

CODEDAY LABS is a virtual educational program which provides online classes and mentorship for students contributing to Open Source Software. We provided the program to 1,200 students this fiscal year, serving predominantly working-class students attending Community and Technical Colleges.

$654Kprogram expense
02

CODEDAY EVENTS are 24-hour events to introduce and educate newer students in computer science and programming. We continued to offer CodeDay in-person. Approximately 5,000 students attended a CodeDay during the fiscal year.

$60Kprogram expense
03

Our COMMUNITY connects event participants across the US to provide ongoing mentorship and technical education. CodeDay's alumni network includes over 30,000 professionals in the technology industry, including five founders of $50M+ technology startups.

$15Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStudent Research and Development
EINHdr · item D26-4742589
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.codeday.org
Year of formationHdr · item L2009
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFAug 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Executive Director and Board Member
$90,282Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tyler Menezes’s $90K as Executive Director and Board Member is at the 79th percentile of top reported officer pay among 1616 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Tyler Menezes$90,282$60,435$62,308$60,000$60,000$60,000

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$717K · 75%
Program service revenue$236K · 25%
Contributions & grants75%$717K
Program service revenue25%$236K
Investment income$4K
— government grantsLn 1e$519K
Total revenueLn 12$957K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program services88%$730K
Management & general9%$72K
Fundraising3%$28K
Total functional expensesLn 25$830K

Balance Sheet

Part X · end of year
CashLn 1$161K
Total assetsLn 16$267K
Total liabilitiesLn 26$2K
Total net assetsLn 32$265K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $263K · Operating expenses/yr $830K
3.8 months
Where the money goes
Program services
Program services $730K · Total expenses $830K
88%
Management & General
Management & general $72K · Total expenses $830K
9%
Fundraising
Fundraising $28K · Total expenses $830K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $191K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $717K · Total revenue $957K
75%
Government reliance
Government grants $519K · Total revenue $957K
54%
Earned-income share
Program service revenue $236K · Total revenue $957K
25%
Investment reliance
Investment income $4K · Total revenue $957K
+0.4%
Program self-sufficiency
Program service revenue $236K · Total expenses $830K
28%
Growth & trend
Revenue growth (YoY)
This year $957K · Prior year $457K
+109%
Revenue CAGR
FY2019 $230K · FY2024 $957K
+33%
Net-asset trend (YoY)
End of year $265K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $957K · Expenses $830K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $267K
Net-asset ratio
Net assets $265K · Total assets $267K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $102K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $267K
38%
People & payroll
Highest Reported Total Compensation
Individual Tyler Menezes · Reported title Executive Director and Board Member · Highest reported compensation $90K · Total expenses $830K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $202K · Total expenses $830K
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 9%
Fundraising cost ratio 4%
Revenue growth 109%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$23K
Grants paid · 2 grants · $310K · 2024–2024
Unitemized GrantFY2024$166,239
Unitemized GrantFY2024$144,076

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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$457K revenue · ⤓ 990 PDF
FY2023$259K revenue · ⤓ 990 PDF
FY2022$225K revenue · ⤓ 990 PDF
FY2021$215K revenue · ⤓ 990 PDF
FY2020$230K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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