Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
19 people listed on the 990; $899K paid to officers and key staff.
Julian Nicks’s $200K as Executive Director (thru 09/24) is at the 36th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Julian Nicks | $199,526 | $109,150 | — | — | — |
| Brian Feldman | — | — | — | $143,989 | $189,400 |
| Carlin Brent | — | $154,701 | — | — | — |
| Michael Northrop | — | — | $150,568 | $108,060 | — |
| Lori Eaton | — | — | — | $146,174 | $120,536 |
| Jeff Mazur | — | — | $108,803 | $144,607 | $134,719 |
| Crystal Clump | — | — | $130,570 | — | — |
| Lin Wang | $123,170 | $121,372 | $114,423 | — | — |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Builds tech careers by creating pathways for driven people.
Questions for The Launchcode Foundation
Your first name shows with your question. The Launchcode Foundation answers here, for everyone.
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Launchcode increases economic opportunity and upward mobility by placing driven individuals into technology apprenticeships and jobs based on aptitude, professionalism, and skills. In 2023, we worked with hundreds of companies and education partners to help our candidates overcome traditional barriers to employment such as formal degrees…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.7M | $4.6M |
| InvestmentsLn 11–13 | $5.0M | $5.4M |
| Land, buildings, equipmentLn 10c | $303K | $272K |
| Total assetsLn 16 | $21.2M | $19.4M |
| LiabilitiesLn 26 | $4.3M | $4.9M |
| Net assetsLn 32 | $16.9M | $14.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $582K | $582K | ||
| Grants to domestic individualsLn 2 | $304K | $304K | ||
| Pay of current officers, directors and key staffLn 5 | $479K | $217K | $249K | $13K |
| Other salaries and wagesLn 7 | $10.4M | $9.3M | $729K | $285K |
| Pension plan contributionsLn 8 | $282K | $257K | $18K | $6K |
| Other employee benefitsLn 9 | $1.3M | $1.2M | $94K | $32K |
| Payroll taxesLn 10 | $881K | $782K | $76K | $23K |
| Legal feesLn 11b | $112K | $112K | ||
| Accounting feesLn 11c | $134K | $22K | $113K | $125 |
| Investment management feesLn 11f | $13K | $13K | ||
| Other fees for servicesLn 11g | $1.1M | $775K | $274K | $13K |
| Advertising and promotionLn 12 | $103K | $99K | $3K | |
| Office expensesLn 13 | $119K | $60K | $55K | $4K |
| Information technologyLn 14 | $336K | $265K | $64K | $7K |
| OccupancyLn 16 | $203K | $86K | $107K | $10K |
| TravelLn 17 | $111K | $71K | $33K | $6K |
| Conferences, conventions and meetingsLn 19 | $50K | $23K | $21K | $6K |
| InterestLn 20 | $210 | $210 | ||
| Depreciation, depletion and amortizationLn 22 | $143K | $143K | ||
| InsuranceLn 23 | $110K | $110K | ||
| Other expenses (24a–d)Ln 24 | $257K | $244K | $8K | $5K |
| Total functional expensesLn 25 | $17.0M | $14.4M | $2.2M | $412K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $13.0M | $15.3M | −$2.2M | $12.4M | 990 PDF |
| FY2023 Viewing | $14.5M | $17.0M | −$2.5M | $14.6M | 990 PDF |
| FY2022 | $18.6M | $17.7M | $923K | $16.9M | 990 PDF |
| FY2021 | $16.8M | $12.6M | $4.2M | $16.1M | 990 PDF |
| FY2020 | $17.4M | $12.8M | $4.6M | $11.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $14,490,438 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $14,490,438 across 11 lines filed
Part IX · Statement of functional expenses $16,986,776 across 21 lines filed
Part X · Balance sheet $19,414,868 assets, 17 lines filed
Part XI · Reconciliation of net assets $14,562,343 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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