ZIP CODE WILMINGTON INC

EIN: 473853334 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$1,523,847
Total Expenses
$2,175,598
Total Assets
$1,651,323
Net Assets
$1,112,004
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DE
Principal Officer
BENJAMIN F DUPONT
Phone
3022565203
Tax Period
2023-01-01 to 2023-12-31

ZIP CODE WILMINGTON INC, founded in 2015, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 43% operating deficit.

Mission

ZIP CODE WILMINGTON IS A NONPROFIT CODING TRAINING PROGRAM WITH THE MISSION OF HELPING WILMINGTON, DELAWARE COMPETE GLOBALLY FOR GOOD-PAYING JOBS IN TECHNOLOGY. THE ZIP CODE WILMINGTON PROGRAM IS COMPRISED OF A SOFTWARE DEVELOPMENT TRAINING SCHOOL AND A JOB PLACEMENT PROGRAM. STUDENTS SPEND 12 WEEKS LEARNING THE FOUNDATION NEEDED TO SUCCEED IN SOFTWARE DEVELOPMENT, AND SELECTED GRADUATES MOVE DIRECTLY INTO FULL-TIME JOBS AND PAID 26-WEEK APPRENTICESHIPS AT AREA CORPORATIONS UPON GRADUATION. AS OF DECEMBER 2023, ZIP CODE WILMINGTON GRADUATED NEARLY 700 STUDENTS DURING ITS 8 YEARS OF OPERATIONS IN THE MOST RECENT AUDITED REPORTING PERIOD, 73% OF JAVA SOFTWARE GRADUATES AND 75% OF DATA ENGINEERING & ANALYTICS GRADUATES SECURED JOB PLACEMENT WITHIN 12 MONTHS OF COMPLETING THEIR TRAINING AND RECEIVED ANNUAL EARNINGS AVERAGING OVER 83,000 PER YEAR IN THEIR NEW ROLES.

Program Service Accomplishments

Program 1
Expenses: $1,211,513 Revenue: $556,460

AS OF DECEMBER 2023, ZIP CODE WILMINGTON GRADUATED NEARLY 700 STUDENTS DURING ITS 8 YEARS OF OPERATIONS IN THE MOST RECENT AUDITED REPORTING PERIOD, 73% OF JAVA SOFTWARE GRADUATES AND 75% OF DATA...

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AS OF DECEMBER 2023, ZIP CODE WILMINGTON GRADUATED NEARLY 700 STUDENTS DURING ITS 8 YEARS OF OPERATIONS IN THE MOST RECENT AUDITED REPORTING PERIOD, 73% OF JAVA SOFTWARE GRADUATES AND 75% OF DATA ENGINEERING & ANALYTICS GRADUATES SECURED JOB PLACEMENT WITHIN 12 MONTHS OF COMPLETING THEIR TRAINING AND RECEIVED ANNUAL EARNINGS AVERAGING OVER 83,000 PER YEAR IN THEIR NEW ROLES.

Program 2
Expenses: $355,360 Revenue: $38,372

IN ADDITION TO ITS CORE TRAINING PROGRAMS, ZIP CODE ALSO (A) FACILITATED PROFESSIONAL DEVELOPMENT TRAINING FOR THE STATE OF DELAWARE'S HIGH SCHOOL COMPUTER SCIENCE EDUCATORS, (B) LAUNCHED A FREE...

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IN ADDITION TO ITS CORE TRAINING PROGRAMS, ZIP CODE ALSO (A) FACILITATED PROFESSIONAL DEVELOPMENT TRAINING FOR THE STATE OF DELAWARE'S HIGH SCHOOL COMPUTER SCIENCE EDUCATORS, (B) LAUNCHED A FREE EVENING SEMINAR TO BUILD COMMUNITY INTEREST IN TECHNICAL TRAINING PROGRAMS AND CAREERS ("ZIP CODE PREP"), (C) CONTINUED TO SUPPORT APP DEVELOPMENT TRAINING FOR "YEAR UP WILMINGTON", AND (D) CONCLUDED ITS STATEWIDE FRONT-END HIGH SCHOOL YOUTH SOFTWARE EDUCATION TRAINING PROGRAM ("BLUE NOTE").

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $925,210
Program Service Revenue $594,832
Investment Income $1,568
Other Revenue $2,237
TOTAL REVENUE $1,523,847

Expense Breakdown

Grants Paid $145,435
Salaries & Benefits $1,288,438
Fundraising Expenses $191,478
Program Expenses $1,566,873
Other Expenses $741,725
TOTAL EXPENSES $2,175,598

Year-over-Year Comparison

2023 2022 Change
Revenue $1,523,847 $2,642,322 -0.4%
Expenses $2,175,598 $1,919,344 +0.1%
Net Income $-651,751 $722,978 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
12
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
0
$0
Key Employees
1
$175,002
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN F DUPONT CHAIRMAN OF 2.00
Officer
$0 $0 $0
C PORTER SHUTT III BOARD MEMBER 2.00
Officer
$0 $0 $0
TERI QUINN-GRAY BOARD MEMBER 2.00
Officer
$0 $0 $0
GARY MOYER BOARD MEMBER 2.00
Officer
$0 $0 $0
DIEGO F CALDERIN BOARD MEMBER 2.00
Officer
$0 $0 $0
AYANNA HILL BOARD MEMBER 2.00
Officer
$0 $0 $0
KAY FENNIMORE BOARD MEMBER 2.00
Officer
$0 $0 $0
DESA BURTON EXECUTIVE DI 40.00
Key Emp
$154,320 $20,682 $175,002
KRISTOFER YOUNGER DIRECTOR OF 40.00
Highest
$145,000 $4,935 $149,935
LOSSIE FREEMAN PARTNERSHIPS 40.00
Highest
$109,295 $16,441 $125,736
LAWRENCE DURANT LEAD INSTRUC 40.00
Highest
$114,883 $27,900 $142,783
MIKAILA AKEREDOLU TECHNICAL IN 40.00
Highest
$118,000 $4,071 $122,071
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,523,847 $2,175,598 $1,651,323 $-651,751
2022 $2,642,322 $1,919,344 $2,274,959 $722,978
2021 $1,912,603 $1,723,087 $1,599,498 $189,516
2020 $2,162,429 $2,061,927 $1,241,450 $100,502
2019 $2,115,879 $2,254,072 $775,192 $-138,193
2018 $2,466,987 $2,208,742 $899,225 $258,245
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