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

Student Research and Development FY2024 filing

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Educates students in technology and engineering through engaging programs. For fiscal year 2024 it reported $457K in revenue, $398K in expenses, and $138K 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
$457KFY2024
Expenses
$398K
Net assets
$138K
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 · $60K
Money in and out
$457K revenue, $398K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$457K
Pt VIII · Ln 12
Total expenses
$398K
Pt IX · Ln 25
Net assets
$138K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program efficiency
86%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$457K
FY2024▲ +77%
Expenses
$398K
FY2024▲ +47%
Total assets
$169K
FY2024▲ +43%
Total liabilities
$32K
FY2024▼ -22%
Total revenue
$457K
Pt VIII · Ln 12
Total expenses
$398K
Pt IX · Ln 25
Net assets
$138K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$169K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director and Board Member
$60,435Pt 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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Mission & Programs · Part III

Where the work happens

3 program services account for $343K of program spending, described in the organization's own filed words · FY2023.
01

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.

$168Kprogram expense
02

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 900 students this fiscal year, serving predominantly low-income overlooked students attending Community and Technical Colleges.

$158Kprogram expense
03

Our COMMUNITY connects event participants across the US to provide ongoing mentorship and technical education. We brought 40 community members to technology events in the fiscal year and provided support for community members working on projects aligned with our mission through a $5,000 grant.

$16Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$391K · 85%
Program service revenue$63K · 14%
Investment income$3K · 1%
Contributions & grants85%$391K
Program service revenue14%$63K
Investment income1%$3K
Other revenue$377
— government grantsLn 1e$94K
Total revenueLn 12$457K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$343K
Management & general12%$46K
Fundraising2%$9K
Total functional expensesLn 25$398K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$169K
Total liabilitiesLn 26$32K
Total net assetsLn 32$138K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $169K · Operating expenses/yr $398K
5.1 months
Where the money goes
Program services
Program services $343K · Total expenses $398K
86%
Management & General
Management & general $46K · Total expenses $398K
12%
Fundraising
Fundraising $9K · Total expenses $398K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $164K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $391K · Total revenue $457K
85%
Government reliance
Government grants $94K · Total revenue $457K
21%
Earned-income share
Program service revenue $63K · Total revenue $457K
14%
Investment reliance
Investment income $3K · Total revenue $457K
+0.7%
Program self-sufficiency
Program service revenue $63K · Total expenses $398K
16%
Growth & trend
Revenue growth (YoY)
This year $457K · Prior year $259K
+77%
Revenue CAGR
FY2019 $230K · FY2023 $457K
+19%
Net-asset trend (YoY)
End of year $138K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $457K · Expenses $398K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $169K
Net-asset ratio
Net assets $138K · Total assets $169K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $119K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $169K
70%
People & payroll
Highest Reported Total Compensation
Individual Tyler Menezes · Reported title Executive Director and Board Member · Highest reported compensation $60K · Total expenses $398K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $160K · Total expenses $398K
40%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 12%
Fundraising cost ratio 2%
Revenue growth 77%

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 · viewing · ⤓ 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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