Codesquad Inc

Nonprofit profile at a glance

EIN
812607413
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021, Form 990-N 2019
Location
Somerville, MA, USA
Phone
6177807151
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Job Training

Official website

Reported finances

Revenue
$225,394
Expenses
$220,871
Assets
$30,754
Liabilities
$0

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

Leadership & pay

3 people listed

Executive titles in this filing

  • ARVIND KRISHNAMURTHY (PRESIDENT)

People named in this filing

  • ARVIND KRISHNAMURTHY (PRESIDENT)
  • GENIE FOGEL (SECRETARY)
  • LUIS CASTRO (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Codesquad expands software opportunity. We train low-income adults, particularly people of color and women, to become software developers and launch new careers. We build pathways to stable, lucrative jobs, and diversity in the tech industry.

What it reported doing in 2024

Codesquad seeks to meet a community need (lucrative, high-growth jobs for low-income people) and a business need (more programmers to fill open positions), while simultaneously increasing diversity in the tech sector. The program includes a 25-week coding bootcamp, totaling over 275 hours of live classes. The bootcamp is free to attend and admitted students also receive a small stipend. Admissions are competitive and have grown over the years. Currently, each cohort admits 20 students from an ititial pool of over 300 applicants. Codesquad graduates in tech jobs earn an average of over 87,000 per year our six-week technical interview prep course, taught by a former senior hiring manager at google, teaches codesquad grads how to compete in today's software job market codesquad launched our pathways project in 2025, where graduates gain professional experience building websites and apps for small businesses and nonprofit organizations. Codesquad helps with project management and technical oversight. Our new employment coach, hired in 2025, has extensive background in recruiting, having hired hundreds of people for amazon, freshdirect, mass general brigham and more. At codesquad she coaches students and helps with resumes, interviews and the job hunt. At our specialization panels, offered 4-5 times per year, software engineers and recruiters tell our students how they entered the tech field, negotiated salaries, and navigated being the only member of an underrepresented group on their team.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 41
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98%; rating input score 98
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 24.1% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: -21.1% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 98% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $221K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Growth: Asset growth scored 0/100.