Center for New Music San Francisco Inc

What it reported doing in 2024

CODE TENDERLOIN: As a Black-led organization with lived experience supporting people with various transition needs, Seymour and Hilliard continue a mission of restoring dignity and creating pathways for economic well-being. Since 2014, Code Tenderloin continued a model of removing barriers that prevent people from gaining living wage income. Barriers include a wide range of issues like housing, addiction, childcare, digital literacy, job readiness skills, and specialized skills in coding and public health. Our job readiness program is our core program. We have transitioned over 6000 job-readiness graduates into internships, coding classes, secondary degrees, and full-time jobs while removing barriers to long-term careers. JRP is a 4-week program teaching basic job readiness skills like resume building, interview skills, and professional networking. Participants receive case managers that guide them through the program and support obstacles and barriers that get in the way. The objective is for JRP participants to start with JRP, graduate into our Pre Code Ramp program, Community Health Worker Program, or Ambassador Program to gain needed skills for long-term careers. - 12,500 people have been served in the last 12 months. - 86% of our participants graduate from Job Readiness Class. - With a 86% completion rate, 1200 participants have graduated from our Code Ramp Program. - 100% of our participants have a professional resume, or LinkedIn profile, have done mock interviews, and have received mentorship. - 87% of our participants place in jobs or higher education out of Code Tenderloin - Of those who place in jobs, 46% remain in the same job 12-months after graduating from Code Tenderloin. - Empowering Black Youth: Over the past two years, EBY has worked with three cohorts of Black students 13-24 within this timeframe, we have worked with a collective of 35 students as they complete 18 weeks of in-depth learning about public health, Black liberation, policy, sexual and reproductive health. By the end of each cohort, students develop multimedia content in short films, podcasts, and public health toolkits. - Opportunites For All: Throughout our summer program for Web Development and Robotics Code, Tenderloin works with a collective of over 200 students to gain skills in coding. By completing the program our students are trained to develop their websites, and our robotics cohorts learn different forms of AI to develop solutions for different industries related to tech and AI. - Ambassador program: our van runs nightly off hours (7p-3a) to transport vulnerable residents to hospitals, shelters, and other service providers. The team connects an average of 250 residents per month to services.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 94.8%; rating input score 95
• Fundraising efficiency: $144.36 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• 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: 5 of 9 controls in place; rating input score 56
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -8.4%; rating input score 15; 15th percentile among comparable filings
• Total-asset coverage ratio: 0.29; rating input score 9; 9th percentile among comparable filings
• Liabilities to assets ratio: 0.53; rating input score 19; 19th percentile among comparable filings
• Officer compensation ratio: 9.8%; rating input score 31; 31st percentile among comparable filings

Growth

• Program expense growth: 16.3% per year; rating input score 100; 80th percentile among comparable filings
• Revenue growth: 14.6% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: -2.7% per year; rating input score 0; 6th percentile among comparable filings