Albany Can Code Inc

Nonprofit profile at a glance

EIN
812893882
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018
Location
Latham, NY, USA
Phone
5182386808
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$1,394,511
Expenses
$1,315,251
Assets
$808,092
Liabilities
$360,020

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ANNMARIE LANESEY PAYETTE (CEO)

Highest reported compensation

  • ANNMARIE LANESEY PAYETTE (CEO): $123,554 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Albany can code, inc. Works to build a more inclusive and vibrant tech talent pipeline and tech sector workforce in New York's capital region. We partner with stakeholder employers, educators and community to create programs that reduce cultural and economic barriers to participating in the tech economy. Ultimately we work to shift mindset about who can work in technology, and to create open access to pathways to joining the tech economy. The organization is building capacity for the tech sector workforce of the future.

What it reported doing in 2024

Workforce courses: in partnership with community colleges and boces programs, we recruit non-traditional students, screen for aptitude and motivation, then connect to affordable, practical, employment-aligned curriculum and available tuition assistance. We provide in-person instruction: lectures supplemented by labs, many of which involve locally employed mentors, as well as projects and networking events to highlight software industry culture, project management, and other soft skills. We serve two key stakeholder groups: local employers of software and it professionals, and local community members who have the aptitude to work with software but lack local options for trainiig. We partner with stakeholders employers, educators and community to create programs that reduce cultural and economic barriers to participating in the tech economy. Ultimately we work to shift mindset about who can work in technology, and to create open access to pathways to joining the tech economy. Our goal is to build a more inclusive and vibrant tech talent pipeline and tech sector workforce in New York state and beyond.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.7%; rating input score 70
  • Program expense ratio: 73.9%; rating input score 74
  • Fundraising efficiency: $8.65 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.7%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 23.8% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 23.8% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 26.8% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 69.7% of revenue deployed · 73.9% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $972K in reported program spending
  • Leadership: top reported pay $124K · 11 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Sustainability: Operating margin scored 52/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.