Rewriting the Code Inc

Nonprofit profile at a glance

EIN
814978877
IRS 990 coverage
2017–2025
Forms available
Form 990 2025
Location
Durham, NC, USA
Phone
9198182536
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$3,736,832
Expenses
$6,036,500
Assets
$7,040,210
Liabilities
$553,456

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • SUSAN HARNETT (PRESIDENT & CEO)

Highest reported compensation

  • SUSAN HARNETT (PRESIDENT & CEO): $415,865 total reported compensation
  • LUCILLE TASKER (VP, DATA & TECHNOLOGY): $174,152 total reported compensation
  • MONIQUE PEREZ (VP, PARTNERSHIPS): $173,919 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Rewriting the code is dedicated to empowering university students and early-career women in tech. Through collaborative learning and career-focused development, we foster belonging, champion opportunity, and equip future innovators with the skills, knowledge, and connections to thrive, reshaping the future of technology.

What it reported doing in 2025

The 25 to f.i.n.i.s.h. Institute guided black, latina, and native/indigenous computer science women in the class of 2025 through a senior-year journey that integrated their personal and professional identities, fostering agency, belonging, and persistence in tech. Launched in october 2024, the inaugural program engaged 80 college seniors across New York city, boston, and Washington, dc. Participants attended bi-monthly virtual and in-person learning experiences focused on the f.i.n.i.s.h. Pillars: financial knowledge, identity exploration, network expansion, inspiration, software skills, and health & wellness.

Operating model

Revenue model
Other-operating. 87% of the money available for current operations came from other operating revenue.
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 - A large share of available resources goes toward mission work and most voting board members are independent. A relatively small share of total spending goes to programs and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 47
  • Accountability: 71
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.3%; rating input score 86
  • Program expense ratio: 53.4%; rating input score 53
  • Fundraising efficiency: $0.53 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 22nd percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -61.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.17; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 31.6% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 29.9% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 34.6% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 86.3% of revenue deployed · 53.4% of spending went to programs
  • Governance: 10 of 11 board members independent · 4 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $3.2M in reported program spending
  • Leadership: top reported pay $416K · 15 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $260K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 8 filing years from 2017 to 2025
  • Contacts: How to reach this organization
  • Money network: 5 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.

  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 2/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.