CDC EDUCATION FOUNDATION

EIN: 474640179 501(c)(3) Science & Technology

CHARLESTON, SC

Total Revenue
$28,050
Total Expenses
$102,134
Total Assets
$48,016
Net Assets
$48,016
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
SC
Principal Officer
ERNEST ANDRADE
Phone
8437243773
Tax Period
2023-01-01 to 2023-12-31

CDC EDUCATION FOUNDATION, founded in 2015, is a micro nonprofit in the Science & Technology sector that reported $28K in total revenue in fiscal year 2023. Revenue surged 1486% from the prior year, signaling strong growth momentum. Expenses of $102K exceeded revenue, resulting in a 264% operating deficit.

Mission

THE CDC LEARNING CENTER (CDCLC) WAS LAUNCHED IN SEPTEMBER 2023 WITH A MISSION TO FOSTER ECONOMIC GROWTH, COMMUNITY DEVELOPMENT, AND PERSONAL ENRICHMENT BY EMPOWERING INDIVIDUALS WITH TECHNOLOGY AND BUSINESS SKILLS THAT ALIGN WITH REGIONAL WORKFORCE NEEDS. THIS FACILITY AND PREVIOUS EDUCATION PROGRAMS INCLUDING CODECAMPS, CONFERENCES AND DAY-LONG WORKSHOPS HAVE ATTRACTED OVER 2,500 ATTENDEES SINCE THE CDC'S EDUCATION PROGRAMMING WAS LAUNCHED IN 2012.

Program Service Accomplishments

Program 1
Expenses: $97,669 Revenue: $3,050

CODECAMP IS A TRAINING PROGRAM DESIGNED TO PROVIDE STUDENTS OF ALL AGES, RANGING FROM 13-65 YEARS OLD, WITH THE TOOLS THEY NEED TO BE CAREER-READY BY DEVELOPING HIGH TECH SOFTWARE SKILLS, WITH AN...

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CODECAMP IS A TRAINING PROGRAM DESIGNED TO PROVIDE STUDENTS OF ALL AGES, RANGING FROM 13-65 YEARS OLD, WITH THE TOOLS THEY NEED TO BE CAREER-READY BY DEVELOPING HIGH TECH SOFTWARE SKILLS, WITH AN ADDED FOCUS ON MENTORSHIP AND NETWORKING. CODECAMP'S SOFTWARE DEVELOPMENT COURSES FOCUS ON INDUSTRY APPROVED WEB SOFTWARE TECHNOLOGIES. COURSES ARE A COMBINATION OF LECTURE AND HANDS-ON LEARNING, AND ARE LIMITED TO FOURTEEN STUDENTS. THIS LIMITED SIZE PROVIDES STUDENTS WITH THE ABILITY TO GAIN REAL-WORLD EXPERIENCE AND RECEIVE PERSONAL ATTENTION FROM THE TEACHING STAFF. KEY COMPONENTS OF THE COURSE OFFERINGS ARE: HANDS ON TRAINING, MENTORSHIP BY INDUSTRY PROFESSIONALS, NETWORKING EVENTS TO CONNECT STUDENTS WITH THE INDUSTRY, LOW-COST SCHOLARSHIP OPPORTUNITIES, AND COMMUNITY-SOURCED VETTED CURRICULUM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $3,050
Investment Income $0
Other Revenue $0
TOTAL REVENUE $28,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $97,669
Other Expenses $102,134
TOTAL EXPENSES $102,134

Year-over-Year Comparison

2023 2022 Change
Revenue $28,050 $1,769 +14.9%
Expenses $102,134 $63 +1620.2%
Net Income $-74,084 $1,706 -44.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM WILSON BOARD MEMBER 0.50
Director
$0 $0 $0
KIRK KING CHAIRMAN & TREASURER 0.50
Officer Director
$0 $0 $0
MICHAEL WRIGHT BOARD MEMBER 0.50
Director
$0 $0 $0
TODD LANT BOARD MEMBER 0.50
Director
$0 $0 $0
SEBASTIAN VAN DELDEN BOARD MEMBER 0.50
Director
$0 $0 $0
SHEA HARRELSON BOARD MEMBER 0.50
Director
$0 $0 $0
JOE BRYAN TREASURER & SECRETARY 0.50
Officer Director
$0 $0 $0
ERNEST ANDRADE EXECUTIVE DIRECTOR 0.50
Officer
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $28,050 $102,134 $48,016 $-74,084
2022 $1,769 $63 $122,100 $1,706
2021 $29,800 $179 $120,394 $29,621
2020 $39,475 $950 $90,773 $38,525
2019 $8,561 $8,313 $52,248 $248
2018 $4,518 $19,623 $52,000 $-15,105
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