G Code INC EIN 84-4207656 Form 990 (PDF) Claim this org

G Code INC FY2023 filing

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Trains women and non-binary people of color in tech to close opportunity gaps. For fiscal year 2023 it reported $1.3M in revenue, $760K in expenses, and $505K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Boston, MA
Website
www.thegcodehouse.com
Filings
2 on file (2023–2023)
Revenue
$1.3MFY2023
Expenses
$760K
Net assets
$505K
People
7
Filings
2
Updates
0
More identity details & actions ⌄
EIN  84-4207656 Public charity (501(c)(3)) Boston, MA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Trains women and non-binary people of color in tech to close opportunity gaps.
Leadership
Bridgette Wallace · Executive Director · $102K
Money in and out
$1.3M revenue, $760K expenses
Bottom line
54% program efficiency
Where the money goes · FY2023
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$760K
Pt IX · Ln 25
Net assets
$505K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $505K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.28 Fundraising $0.17
Program efficiency
54%
of spending reaches programs
Operating runway
8.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.3M
FY2023
Expenses
$760K
FY2023
Total assets
$515K
FY2023
Total liabilities
$10K
FY2023
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$760K
Pt IX · Ln 25
Net assets
$505K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$505K
Total assetsPt X · Ln 16$515K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CG Code INC
EINHdr · item D84-4207656
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jwww.thegcodehouse.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O20)
Ruling yearIRS BMFNov 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$101,538Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Bridgette Wallace’s $110K as Executive Director is at the 91st percentile of top reported officer pay among 1985 $100K–1M youth development 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

NameFY2024FY2023
Bridgette Wallace$110,000$101,538

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

1 program service account for $411K of program spending, described in the organization's own filed words · FY2023.
01

At g{code} house, our mission is to bridge the gap in opportunities for underrepresented communities in the tech industry. We believe in the power of education, community, and empowerment to create change and open doors to exciting careers in technology.

$411Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.3M
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.28 Fundraising $0.17
Program services54%$411K
Management & general28%$215K
Fundraising17%$133K
Total functional expensesLn 25$760K

Balance Sheet

Part X · end of year
CashLn 1$515K
Total assetsLn 16$515K
Total liabilitiesLn 26$10K
Total net assetsLn 32$505K
Months of cash on handcomputed8.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $515K · Operating expenses/yr $760K
8.1 months
Where the money goes
Program services
Program services $411K · Total expenses $760K
54%
Management & General
Management & general $215K · Total expenses $760K
28%
Fundraising
Fundraising $133K · Total expenses $760K
17%
Cost to raise $1
Fundraising expense $133K · Solicited contributions $1.3M
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $1.3M · Total revenue $1.3M
100%
Government reliance
Government grants — · Total revenue $1.3M
Earned-income share
Program service revenue $0 · Total revenue $1.3M
0%
Investment reliance
Investment income $0 · Total revenue $1.3M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $760K
0%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $505K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $760K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $515K
Net-asset ratio
Net assets $505K · Total assets $515K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $515K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bridgette Wallace · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $102K · Total expenses $760K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $312K · Total expenses $760K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 28%
Fundraising cost ratio 11%
Accounting fee ratio 3%

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 2 funders$260K

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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)$545K revenue · ⤓ 990 PDF
FY2023$1.3M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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