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Project Tf

EIN 45-5026246 · San Francisco, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceFair63 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ACTIVATE, CONNECT, AND MOBILIZE THE LARGEST RACIAL EQUITY COMMUNITY IN TECH TO DISMANTLE THE STRUCTURAL BARRIERS THAT PREVENT THE FULL PARTICIPATION AND LEADERSHIP OF BLACK AND LATINX PEOPLE IN THE INNOVATION ECONOMY.

Income
$1.7 million
Spending
$3.5 million
Spent on programs
68%
Reserves
11 months of spending
Largest source of income
donations and private grants, 95%
Employees
15
Volunteers
200
Highest pay
$258,955, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 78 out of 100. Higher than 63% of charities in its peer group (education, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.0 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 104% of income.

  • Income trend

    15 of 15

    Income rose 52% on the year before.

  • Spending floor

    15 of 15

    67% of spending went to programs and raising each dollar of donations cost 28 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 63 out of 100. Higher than 19% of charities in its peer group (education, $1m to $10m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $1.1 million spent. PROGRAM DEVELOPMENT - THE FELLOWS PROGRAM IS AN INTENSIVE CAREER ACCELERATOR FOR BLACK AND LATINX COLLEGE AND GRADUATE-LEVEL COMPUTER SCIENCE STUDENTS. THEY PARTICIPATE IN A SERIES OF LEARNING EXPERIENCES DESIGNED TO GIVE THEM THE TOOLS AND RESOURCES THEY NEED TO NAVIGATE THE TECH INDUSTRY, BUILD A LASTING CAREER, AND ADVOCATE FOR THEMSELVES AND THEIR COMMUNITY. PROGRAM PARTICIPANTS RECEIVE PROFESSIONAL, AND MANAGEMENT DEVELOPMENT THROUGH WORKSHOPS, MENTORSHIP AND COACHING, AND ONLINE ENGAGEMENT.
  2. $890,695 spent. COMMUNITY MOBILIZATION DEPARTMENT - THE ORGANIZATION FOCUSES ON GROWING AND EMPOWERING A BROAD COMMUNITY TO EXPAND CODE2040'S IMPACT. BUILDING ENGAGEMENT AND CONTENT FOR BLACK AND LATINX PROFESSIONALS IN THE TECH INDUSTRY IS THE CORE OF THE DEPARTMENT'S WORK.
  3. $411,421 spent. COMPANY CULTURAL TRANSFORMATION - COMPANY CULTURE TRANSFORMATION OFFERS COMPANY FACING SERVICES GROUNDED IN SOUND CHANGE MANAGEMENT PROCESSES AIMED AT PRODUCING RACIALLY EQUITABLE AND INCLUSIVE COMPANY CULTURES WITHIN THE TECH AND INNOVATION INDUSTRIES. THIS INCLUDES WORK SUCH AS: RACIAL EQUITY AND INCLUSION TRANSFORMATION TRAININGS, COMPANY COACHING, AND RACIAL EQUITY AND INCLUSION ADVISING AND CONSULTING.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.