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Code Savvy EIN 46-3760347

Code Savvy FY2022 filing

EIN  46-3760347 Public charity (501(c)(3)) St Louis Park, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Equips youth and educators with tech skills to close gender, racial, and economic gaps.
Leadership
Valerie Lockhart · Executive Di · $120K
Money in and out
$653K revenue, $667K expenses
Bottom line
76% program efficiency

Equips youth and educators with tech skills to close gender, racial, and economic gaps. For fiscal year 2022 it reported $653K in revenue, $667K in expenses, and $598K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$653K
Pt VIII · Ln 12
Total expenses
$667K
Pt IX · Ln 25
Net assets
$598K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.22 Fundraising $0.03
Program efficiency
76%
of spending reaches programs
Operating runway
10.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$653K
FY2022▲ +37%
Expenses
$667K
FY2022▲ +147%
Total assets
$601K
FY2022▼ -3%
Total liabilities
$2K
FY2022▼ -73%
Total revenue
$653K
Pt VIII · Ln 12
Total expenses
$667K
Pt IX · Ln 25
Net assets
$598K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$601K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $504K of program spending, described in the organization's own filed words · FY2022.
01

Code Savvy Educate

Mncodes educator program trained approximately 165 educators and impacted about 5,000 students directly in their classrooms. Monthly cohort sessions gave educators the skills and approach needed to equitably bring computer science directly into their classrooms.

$301Kprogram expense
02

Code Savvy Explore

Year-round virtual coding clubs clocked 1,394 learning hours for students and over 900 volunteer hours in the 2022 season. These lessons focused mainly on scratch, thunkable, and the python programming language.

$122Kprogram expense
03

Code Savvy Experience

Technovationmn program and virtual events helped 129 girls learn design thinking skills and develop mobile applications with the help of 89 mentors from the business community and 51 judges at our appapalooza event.

$82Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCode Savvy
EINHdr · item D46-3760347
Principal addressHdr · item CSt Louis Park, MN
WebsiteHdr · item Jwww.codesavvy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
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
Valerie Lockhart
Executive Di
$120,000Pt VII · Sec A
$109,735Pt VII · Sec A
Ericka Dennis
Program Dire
$40,000Pt VII · Sec A
Paul Llamas
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
David Balcom
Treasurer
$0Pt VII · Sec A
Jean Weiss
Board Member
$0Pt VII · Sec A
Ellena Schoop
Board Member
$0Pt VII · Sec A

Marvis Kilgore’s $14K as Executive Di is at the 11th percentile of top reported officer pay among 515 $100K–1M unclassified 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Valerie Lockhart—$120,000$120,000$20,000—
Andrea Wilson Vasquez——$109,735$70,630$69,290
Ericka Dennis——$40,000——
Lisa Schlosser———$40,000$40,000
Marvis Kilgore$13,558————

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$404K · 62%
Program service revenue$249K · 38%
Contributions & grants62%$404K
Program service revenue38%$249K
Investment income$36
Total revenueLn 12$653K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.22 Fundraising $0.03
Program services76%$504K
Management & general22%$145K
Fundraising3%$18K
Total functional expensesLn 25$667K

Balance Sheet

Part X · end of year
CashLn 1$508K
Total assetsLn 16$601K
Total liabilitiesLn 26$2K
Total net assetsLn 32$598K
Months of cash on handcomputed9.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $508K · Operating expenses (Pt IX) $667K · Less non-cash grants $87K · Cash operating expenses/yr $580K
10.5 months
Where the money goes
Program services
Program services $504K · Total expenses $667K
76%
Management & General
Management & general $145K · Total expenses $667K
22%
Fundraising
Fundraising $18K · Total expenses $667K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $318K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $404K · Total revenue $653K
62%
Government reliance
Government grants — · Total revenue $653K
—
Earned-income share
Program service revenue $249K · Total revenue $653K
38%
Investment reliance
Investment income $36 · Total revenue $653K
0%
Program self-sufficiency
Program service revenue $249K · Total expenses $667K
37%
Growth & trend
Revenue growth (YoY)
This year $653K · Prior year $476K
+37%
Net-asset trend (YoY)
End of year $598K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $653K · Expenses $667K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $601K
—
Net-asset ratio
Net assets $598K · Total assets $601K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $601K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Valerie Lockhart · Reported title EXECUTIVE DI · Highest reported compensation $120K · Total expenses $667K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $489K · Total expenses $667K
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 22%——
Fundraising cost ratio 4%——
Revenue growth 37%——

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
Cargill FoundationFY2024$130K
Deluxe Corporation FoundationFY2024$25K
Code OrgFY2024$10K
Total grants receivedfrom 3 funders$165K
See all 3 funders →
Grants paid · 6 grants · $51K · 2020–2024
Unitemized GrantFY2024$11,000
Unitemized GrantFY2024$5,500
Unitemized GrantFY2023$9,500
Unitemized GrantFY2022$9,350
Unitemized GrantFY2021$8,100
Unitemized GrantFY2020$7,100

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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)$408K revenue · ⤓ 990 PDF
FY2023$750K revenue · ⤓ 990 PDF
FY2022$653K revenue · viewing · ⤓ 990 PDF
FY2021$476K revenue · ⤓ 990 PDF
FY2020$292K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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