CDC Education Foundation EIN 47-4640179

CDC Education Foundation

EIN  47-4640179 Public charity (501(c)(3)) Charleston, SC Founded 2015
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Develops a skilled tech workforce through education and community business partnerships.
Leadership
Ernest Andrade · Executive Director · $23K
Money in and out
$65K revenue, $51K expenses
Bottom line
79% program efficiency

Develops a skilled tech workforce through education and community business partnerships. For fiscal year 2025 it reported $65K in revenue, $51K in expenses, and $79K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$65K
Pt VIII · Ln 12
Total expenses
$51K
Pt IX · Ln 25
Net assets
$79K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.16 Fundraising $0.04
Program efficiency
79%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
25.1mo
months of highly liquid reserves at operating expense rate▲ +43% vs prior filing year
Surplus margin
+21%
revenue over expenses, this year▲ +15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$65K
FY2025▼ -29%
Expenses
$51K
FY2025▼ -31%
Total assets
$108K
FY2025▼ -1%
Total liabilities
$29K
FY2025▼ -34%
Total revenue
$65K
Pt VIII · Ln 12
Total expenses
$51K
Pt IX · Ln 25
Net assets
$79K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$108K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $41K of program spending, described in the organization's own filed words · FY2025.
01

Codecamp is a training program designed to provide students of all ages, ranging from 13-65 years old, with the tools they need to be career-ready by developing high tech software skills, with an added focus on mentorship and networking. Codecamp's software development courses focus on industry approved web software technologies.

$41Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCDC Education Foundation
EINHdr · item D47-4640179
Principal addressHdr · item CCharleston, SC
Year of formationHdr · item L2015
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U41)
Ruling yearIRS BMFOct 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$22,531Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A

Ernest Andrade’s $23K as Executive Director is at the 57th percentile of top reported officer pay among 113 <$100K science & technology 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.

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Statement of Revenue

Part VIII
Contributions & grants$57K · 88%
Program service revenue$8K · 12%
Contributions & grants88%$57K
Program service revenue12%$8K
— government grantsLn 1e$25K
Total revenueLn 12$65K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.16 Fundraising $0.04
Program services79%$41K
Management & general16%$8K
Fundraising4%$2K
Total functional expensesLn 25$51K

Balance Sheet

Part X · end of year
CashLn 1$108K
Total assetsLn 16$108K
Total liabilitiesLn 26$29K
Total net assetsLn 32$79K
Months of cash on handcomputed25.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $108K · Operating expenses/yr $51K
25.1 months
Where the money goes
Program services
Program services $41K · Total expenses $51K
79%
Management & General
Management & general $8K · Total expenses $51K
16%
Fundraising
Fundraising $2K · Total expenses $51K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $28K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $57K · Total revenue $65K
88%
Government reliance
Government grants $25K · Total revenue $65K
38%
Earned-income share
Program service revenue $8K · Total revenue $65K
12%
Investment reliance
Investment income $0 · Total revenue $65K
0%
Program self-sufficiency
Program service revenue $8K · Total expenses $51K
16%
Growth & trend
Revenue growth (YoY)
This year $65K · Prior year $92K
-29%
Revenue CAGR
FY2020 $39K · FY2025 $65K
+11%
Net-asset trend (YoY)
End of year $79K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $65K · Expenses $51K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $108K
Net-asset ratio
Net assets $79K · Total assets $108K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $108K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ernest Andrade · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $23K · Total expenses $51K
44%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $51K
79%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 16%
Fundraising cost ratio 4%
Revenue growth -29%

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 1 funder$10K

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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
FY2025 (Latest)$65K revenue · viewing · ⤓ 990 PDF
FY2024$92K revenue · ⤓ 990 PDF
FY2023$28K revenue · ⤓ 990 PDF
FY2022$2K revenue · ⤓ 990 PDF
FY2021$30K revenue · ⤓ 990 PDF
FY2020$39K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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