Ada Developers Academy EIN 85-2275400 Form 990 (PDF) Claim this org

Ada Developers Academy FY2021 filing

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Provides coworking and event space to foster AI talent, collaboration, and entrepreneurship in the Seattle region. For fiscal year 2021 it reported $21.5M in revenue, $7.4M in expenses, and $17.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Issaquah, WA
Website
www.adadevelopersacademy.org
Filings
4 on file (2021–2021)
Revenue
$21.5MFY2021
Expenses
$7.4M
Net assets
$17.4M
People
17
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-2275400 Public charity (501(c)(3)) Issaquah, WA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/27/26 · see original: IRS
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Size
$1–10M
What they do
Provides coworking and event space to foster AI talent, collaboration, and entrepreneurship in the Seattle region.
Leadership
Lauren Sato · CEO · $215K
Money in and out
$21.5M revenue, $7.4M expenses
Bottom line
75% program efficiency
Where the money goes · FY2021
Total revenue
$21.5M
Pt VIII · Ln 12
Total expenses
$7.4M
Pt IX · Ln 25
Net assets
$17.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14.1M
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.23 Fundraising $0.02
Program efficiency
75%
of spending reaches programs
Operating runway
112.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+66%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$21.5M
FY2021
Expenses
$7.4M
FY2021
Total assets
$17.8M
FY2021
Total liabilities
$342K
FY2021
Total revenue
$21.5M
Pt VIII · Ln 12
Total expenses
$7.4M
Pt IX · Ln 25
Net assets
$17.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14.1M
Total assetsPt X · Ln 16$17.8M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAda Developers Academy
EINHdr · item D85-2275400
Principal addressHdr · item CIssaquah, WA
WebsiteHdr · item Jwww.adadevelopersacademy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B30)
Ruling yearIRS BMFJan 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
$215,046Pt VII · Sec A
Former VP of Operations
$199,379Pt VII · Sec A
VP of Strategic Partnerships, Deputy Director
$146,736Pt VII · Sec A
VP of Education
$143,746Pt VII · Sec A
Principal Instructor
$128,884Pt VII · Sec A
Director of Corporate Training
$117,929Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alexandra White Holien’s $217K as VP of Corporate Partnerships is at the 86th percentile of top reported officer pay among 3393 $1–10M 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

NameFY2024FY2023FY2022FY2021
Lauren Sato$231,810
Alexandra White Holien$216,837$205,532$174,128
Lauren Sato$215,046
Alina Brunner 11-831$207,316
Lynn Soon Hewitt$201,337
Lisa Flores$199,379
Lauren Sato 11-719$192,148
Tina-Marie Gulley$189,657

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 $3.9M of program spending, described in the organization's own filed words · FY2021.
01

Education

Our highly immersive and cost-free program combines classroom training and an educational internship to teach our students both how to write code (practical tools and computer science fundamentals) and how to be a software developer (leadership, inclusivity, and career).

$1.7Mprogram expense
02

Student Services Stipend Honoraria

Ada addresses and provides solutions to remove barriers and challenges of underrepresented minorities entering the tech industry through our educational programs and support services. Over 75% of our students are low-income and are able to participate in our program with support from Ada.

$1.4Mprogram expense
03

Strategic Partnerships

Our educational internship is a full-time commitment for five months in which each student is placed with an Ada company sponsor, either in-person at the company's office or via a remote internship. Completion of the internship is required for graduation from the Ada program.

$747Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$21.5M
Investment income$33K
Other revenue$5K
— government grantsLn 1e$85K
Total revenueLn 12$21.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.23 Fundraising $0.02
Program services75%$5.5M
Management & general23%$1.7M
Fundraising2%$146K
Total functional expensesLn 25$7.4M

Balance Sheet

Part X · end of year
CashLn 1$14.1M
Total assetsLn 16$17.8M
Total liabilitiesLn 26$342K
Total net assetsLn 32$17.4M
Months of cash on handcomputed22.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14.1M · Operating expenses (Pt IX) $7.4M · Less non-cash grants $5.9M · Cash operating expenses/yr $1.5M
112.4 months
Where the money goes
Program services
Program services $5.5M · Total expenses $7.4M
75%
Management & General
Management & general $1.7M · Total expenses $7.4M
23%
Fundraising
Fundraising $146K · Total expenses $7.4M
2%
Cost to raise $1
Fundraising expense $146K · Solicited contributions $21.4M
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $21.5M · Total revenue $21.5M
100%
Government reliance
Government grants $85K · Total revenue $21.5M
0.4%
Earned-income share
Program service revenue $0 · Total revenue $21.5M
0%
Investment reliance
Investment income $33K · Total revenue $21.5M
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $7.4M
0%
Growth & trend
Revenue growth (YoY)
This year $21.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $17.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $21.5M · Expenses $7.4M
+66%
Liabilities-to-Assets
Total liabilities — · Total assets $17.8M
Net-asset ratio
Net assets $17.4M · Total assets $17.8M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $17.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lauren Sato · Reported title CEO · Highest reported compensation $215K · Total expenses $7.4M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.9M · Total expenses $7.4M
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 23%
Fundraising cost ratio 0.7%
Legal fee ratio 2%
Accounting fee ratio 0.6%
Fundraising fee ratio 0.8%

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
See all 9 funders →
Grants paid · 11 grants · $7.0M · 2021–2024
Unitemized GrantFY2024$1,132,722
Ai2 Incubator INCFY2024$210,000
Unitemized GrantFY2024$130,434
Unitemized GrantFY2024$19,730
Unitemized GrantFY2023$3,486,080
Unitemized GrantFY2023$751,716
Unitemized GrantFY2023$299,364
Unitemized GrantFY2023$39,210
Unitemized GrantFY2022$670,039
Unitemized GrantFY2022$2,520
Unitemized GrantFY2021$278,083

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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)$3.6M revenue · ⤓ 990 PDF
FY2023$4.8M revenue · ⤓ 990 PDF
FY2022$11.4M revenue · ⤓ 990 PDF
FY2021$21.5M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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