Rewriting the Code Inc

EIN: 814978877 501(c)(3) Education

Durham, NC

Total Revenue
$3,215,571
Total Expenses
$2,565,113
Total Assets
$4,033,394
Net Assets
$2,185,428
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DE
Principal Officer
SUSAN HARNETT
Phone
9198182536
Tax Period
2022-01-01 to 2022-12-31

Rewriting the Code Inc, founded in 2016, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $650K, a strong 20% operating margin.

Mission

Rewriting the Code supports and empowers college, graduate and early career women in tech, through intersectional communities, mentorship, industry experience and educational resources, to become the next generation of engineers and tech leaders.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,854,923
Program Service Revenue $1,356,221
Investment Income $550
Other Revenue $3,877
TOTAL REVENUE $3,215,571

Expense Breakdown

Grants Paid $209,179
Salaries & Benefits $1,281,718
Fundraising Expenses $347,421
Program Expenses $1,597,312
Other Expenses $1,074,216
TOTAL EXPENSES $2,565,113

Year-over-Year Comparison

2022 2021 Change
Revenue $3,215,571 $2,678,583 +0.2%
Expenses $2,565,113 $1,508,987 +0.7%
Net Income $650,458 $1,169,596 -0.4%
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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Governance

Voting Members
8
Independent Members
6
Employees
12
Volunteers
N/A

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
2
$416,945
Total Directors
8
$416,945
Key Employees
1
$160,446
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Harnett President/Board Chair 40.0
Officer Director
$274,750 $6,093 $280,843
Marcus Carpenter VP Strategic Development 40.0
Key Emp
$160,446 $0 $160,446
Jade Barricelli Secretary 40.0
Officer Director
$132,283 $3,819 $136,102
Erica Crutch VP Partner Engagement 40.0
Highest
$111,250 $2,929 $114,179
Lucille Tasker Sr. Director Data & Technology 40.0
Highest
$107,500 $2,850 $110,350
Kristin Austin VP I.D.E.As 40.0
Highest
$101,250 $2,867 $104,117
Owen Astrachan Board Member 1.0
Director
$0 $0 $0
Sara Furber Board Member 0.5
Director
$0 $0 $0
Peter Lange Board Member 1.0
Director
$0 $0 $0
Myra Gupta Board Member 0.5
Director
$0 $0 $0
Fred Hutchison Board Member 0.5
Director
$0 $0 $0
Tracy Doakes Board Member 0.5
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 No data No data No data No data
2023 No data No data No data No data
2022 $3,215,571 $2,565,113 $4,033,394 $650,458
2021 $2,678,583 $1,508,987 $2,929,679 $1,169,596
2020 $1,155,310 $797,720 $866,750 $357,590
2019 $343,858 $520,948 $119,429 $-177,090
2018 $422,568 $308,439 $139,829 $114,129
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