STREETCODE ACADEMY

EIN: 814041822 501(c)(3) Youth Development

East Palo Alto, CA

Total Revenue
$2,413,969
Total Expenses
$2,859,603
Total Assets
$654,461
Net Assets
$537,153
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
Olatunde Sobomehin
Phone
6504851413
Tax Period
2023-10-01 to 2024-09-30

STREETCODE ACADEMY, founded in 2016, is a community nonprofit in the Youth Development sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 18% operating deficit.

Mission

OUR MISSION IS TO EQUIP A GENERATION OF UNDER-REPRESENTED LEADERS WITH THE SKILLS TO HACK, HUSTLE, AND DESIGN THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $1,948,641

IN 2024 STREETCODE ACADEMY SERVED OVER 4,000 FAMILIES FROM UNDERREPRESENTED COMMUNITIES OF COLOR WITH FREE, FAMILY-CENTERED, CULTURALLY-RELEVANT TECH EDUCATION FOCUSED ON CREATING THE MINDSET...

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IN 2024 STREETCODE ACADEMY SERVED OVER 4,000 FAMILIES FROM UNDERREPRESENTED COMMUNITIES OF COLOR WITH FREE, FAMILY-CENTERED, CULTURALLY-RELEVANT TECH EDUCATION FOCUSED ON CREATING THE MINDSET, SKILLS, AND ACCESS THEY NEED TO HACK (CODING), HUSTLE (ENTREPRENEURSHIP) AND DESIGN (ENGINEERING) THEIR FUTURES. STREETCODE PARTNERED WITH THE COMMUNITY LEADERS, SOCIAL INFLUENCERS, EDUCATORS, CORPORATIONS, AND FOUNDATIONS TO PRODUCE IMPACTFUL CONTENT, ENGAGING MEDIA, AND CURRICULUM TO ENGAGE NEW STUDENTS WHILE CONTINUING TO EMPOWER THE EXISTING STUDENT COMMUNITY. STREETCODES new focus on a hybrid PROGRAMMING model GREATLY EXPANDED OUR REACH. THE expansion of our Community Technology Program to encompass tech support and distribution services to the students and families of the Ravenswood City School District, ALSO ENABLED US TO GRANT GREATER ACCESS TO ONLINE SCHOOL AND WORK FOR COMMUNITY MEMBERS IN NEED. 95% OF SURVEYED STREETCODE ACADEMY ALUMNI GAINED INCREASED INTEREST AND CONFIDENCE IN CONTINUING TO LEARN TECHNOLOGY INDEPENDENTLY.We took the first steps towards national expansion, collaborating with Shoe Palace and Adidas on an 11 city tour across the United States. The Whos Next Tour brought learning experiences with AI, AR, and VR into retail and community spaces all over the country. StreetCode engaged over 900 participants and found promising results. 65% of participants were first time users of the tech. After only one engagement, 95% of participants reported wanting to continue learning about these technologies.OUR PROGRAMS ARE DESIGNED TO INTRODUCE DISENFRANCHISED COMMUNITIES TO TECHNOLOGY CONCEPTS, WORK SPACES AND PERSONAL APPLICATIONS IN IMMEDIATELY MEANINGFUL AND FUN WAYS. OUR WORK IS POSSIBLE THANKS TO THE PARTNERSHIP AND SUPPORT OF MANY COMMUNITY AND GOVERNMENT ORGANIZATIONS, AS WELL AS MANY FOUNDATIONS AND COMPANIES INCLUDING: YOUNGER FAMILY FOUNDATION, PEERY FOUNDATION, SV2, JEREMY LIN FOUNDATION, EUCALYPTUS FOUNDATION, GENERAL CATALYST, META, GOLDEN STATE WARRIORS, NETFLIX, APPLOVIN, AND MANY OTHER ANONYMOUS FUNDERS.

Program 2
Expenses: $100,701

ONYXX VILLAGE CONNECTION WAS ESTABLISHED BY EAST PALO ALTO RESIDENTS JULES LYONS THOMAS AND JENNIFER LYONS AND HAS BEEN COMMITED TO PROVIDING HOT, FREE MEALS EVERY DAY TO A VARIETY OF PROGRAMS AND...

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ONYXX VILLAGE CONNECTION WAS ESTABLISHED BY EAST PALO ALTO RESIDENTS JULES LYONS THOMAS AND JENNIFER LYONS AND HAS BEEN COMMITED TO PROVIDING HOT, FREE MEALS EVERY DAY TO A VARIETY OF PROGRAMS AND THE LOCAL COMMUNITY. ONYXX VILLAGE CONNECTION BEGANBY OFFERING HOT MEALS TO THE STUDENTS OF STREETCODE ACADEMY IN 2016. IN THE FALL OF 2018 THEY BEGAN TO EXPAND THEIR SERVICES TO OFFER THE SAME SERVICE TO OTHER LOCAL NONPROFITS THAT SERVE THE COMMUNITY. THEY HAVE SUCCESSFULLY EXPANDED TO WORK WITH COLLEGE TRACK IN EAST PALO ALTO FEEDING 100 STUDENTS EVERY WEEK MONEY THROUGH THURSDAY AND EPACENTER ARTS FEEDING 75 STUDENTS EVERY SATURDAY. THEY LAUNCHED THE OVC RIDE ALONG PROGRAM WHERE INDIVIDUALS WILL VOLUNTEER THE OVC RIDE ALONG PROGRAM WHERE INDIVIDUALS WILL VOLUNTEER TO RIDE ALONG AND DELIVER MEALS TO THE HUNGRY IN THE LOCAL COMMUNITY. THEY DRIVE TO HOMELESS ENCAMPMENTS, THE EPA RV COMMUNITY, BUS STOPS, GAS STATIONS, PARKS, PARKING LOTS, ETC.IN ADDITION TO THE SERVICES THEY OFFER DAILY, THEY HAVE SUCCESSFULLY HOSTED A COMMUNITY THANKSGIVING DINNER AND OFFERED ENTERTAINMENT AS WELL. ONYXX HAS PARTNERED WITH A YOUNG ADULT FAITH ORGANIZATION TO LEAD A WARM CLOTHING DRIVE AND DELIVER THE ITEMS WITH HOT MEALS. THEY HAVE ALSO PARTNERED WITH PAN AFRICAN CITY ALIVE AND RAVENSWOOD FAMILY HEALTH CENTER.THE CO-FOUNDERS RECEIVED AN AWARD AND CERTIFICATE OF COMPLETION FOR RENAISSANCE ENTREPRENEUR WORKSHOP. THE CEO AND CO-FOUNDER JULES THOMAS RECEIVED RECOGNITION FOR HIS COMMITMENT TO SERVING HIS COMMUNITY FROM; COLLEGE TRACK, 100 BLACK MEN OF SILICON VALLEY AND EPACENTER ARTS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,408,757
Program Service Revenue $0
Investment Income $5,212
Other Revenue $0
TOTAL REVENUE $2,413,969

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,747,160
Fundraising Expenses $362,570
Program Expenses $2,049,342
Other Expenses $1,112,443
TOTAL EXPENSES $2,859,603

Year-over-Year Comparison

2023 2022 Change
Revenue $2,413,969 $3,235,794 -0.3%
Expenses $2,859,603 $3,410,600 -0.2%
Net Income $-445,634 $-174,806 +1.5%
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
11
Independent Members
10
Employees
48
Volunteers
50

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
5
$185,151
Total Directors
10
$185,151
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Olatunde Sobomehin BOARD 40.00
Officer Director
$151,587 $33,564 $185,151
DAPHNE LAROSE -MOLAPO BOARD 2.00
Director
$0 $0 $0
OKey Onyejekwe President 2.00
Officer Director
$0 $0 $0
Tea Lempiala Vice President 2.00
Officer Director
$0 $0 $0
Jason Mayden Board 2.00
Director
$0 $0 $0
Sean Mendy Treasurer 2.00
Officer Director
$0 $0 $0
Justin Phipps Secretary 2.00
Officer Director
$0 $0 $0
MARIA TELLERIA BOARD 2.00
Director
$0 $0 $0
JESICCA SALINAS BOARD 2.00
Director
$0 $0 $0
VICKI WILKERSON BOARD 2.00
Director
$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
2024 $2,413,969 $2,859,603 $654,461 $-445,634
2024 $2,413,969 $2,859,603 $654,461 $-445,634
2023 $3,235,794 $3,410,600 $1,148,330 $-174,806
2022 $2,717,077 $3,317,462 $1,546,348 $-600,385
2021 $3,087,702 $2,600,248 $1,919,032 $487,454
2020 $3,391,966 $2,439,862 $1,582,522 $952,104
2018 $1,815,538 $1,501,364 $618,823 $314,174
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