Coro New York Leadership Center
- Assets
- $1.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 11/1989
- Data as of
- 06/2022
- EIN
- 13-3571610
Organization Overview
Coro New York Leadership Center is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, Coro New York Leadership Center employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coro New York Leadership Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Coro New York Leadership Center generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CORO BUILDS THE LEADERSHIP COMMUNITY OF NEW YORK CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP NEW YORK:LEADERSHIP NEW YORK CHALLENGES 50 MID-CAREER PROFESSIONALS EACH YEAR FROM ACROSS NON-PROFIT, PUBLIC AND PRIVATE SECTORS TO EXPLORE CRITICAL ISSUES FACING NEW YORK CITY AND DEVELOP NEW WAYS TO LEAD CHANGE IN THEIR COMMUNITIES AND ORGANIZATIONS.
CORO FELLOWS: THE CORO FELLOWS PROGRAM IS A NINE-MONTH, FULL-TIME, LEADERSHIP TRAINING PROGRAM THAT PREPARES DIVERSE, TALENTED, AND COMMITTED INDIVIDUALS FOR EFFECTIVE AND ETHICAL LEADERSHIP IN THE PUBLIC ARENA. 12 FELLOWS ARE SELECTED FROM A HIGHLY COMPETITIVE POOL OF APPLICANTS, WHO ARE COMMITTED TO BRINGING ABOUT CHANGE IN NEW YORK CITY. UNCONVENTIONAL BY TRADITIONAL ACADEMIC STANDARDS, THE CORO FELLOWS PROGRAM IN PUBLIC AFFAIRS IS RIGOROUS AND DEMANDING, COMBINING EXPERIENTIAL LEARNING, INTERACTIONS WITH PRIVATE, PUBLIC, AND NON-PROFIT DECISION-MAKERS, AND DEVELOPMENT IN ANALYTICAL, GROUP GOVERNANCE, AND COMMUNICATION SKILLS.
CORO PARTNERS:CORO PARTNERS IS COMMITTED TO HELPING ORGANIZATIONS FULFILL THEIR VISION FOR CHANGE AND SUPPORTING THEM AS THEY BUILD A BETTER WORKPLACE AND A BETTER WORLD. CORO PARTNERS OFFERS CHANGE MANAGEMENT CONSULTING AND LEADERSHIP DEVELOPMENT EXPERIENCES. THE APPROACH IS PERSONALIZED, EXPERIENTIAL, AND COLLABORATIVE. EACH TRAINING IS CUSTOM-DESIGNED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatima A Shama Board Chair | OfficerTrustee | 1 | $0 |
Gregg Bishop Vice Chair/interim Ed (thru 4/21) | OfficerTrustee | 1 | $75,354 |
Aaron Koffman Secretary | OfficerTrustee | 1 | $0 |
Achaibar Dan Sawh Treasurer | OfficerTrustee | 1 | $0 |
Andrew Kimball Board Chair (thru 6/22) | OfficerTrustee | 1 | $0 |
Melissa Roman Burch Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $248,836 |
| Related organizations | $0 |
| Government grants | $463,918 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,126,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,839,397 |
| Total Program Service Revenue | $580,650 |
| Investment income | $4,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,482,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $206,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,615 |
| Compensation of current officers, directors, key employees. | $17,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $640,634 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,922 |
| Payroll taxes | $64,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,792 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $313,499 |
| Advertising and promotion | $0 |
| Office expenses | $49,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $262,412 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,850 |
| Interest | $15,568 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,862 |
| Insurance | $12,072 |
| All other expenses | $0 |
| Total functional expenses | $2,217,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,206 |
| Savings and temporary cash investments | $3,879 |
| Pledges and grants receivable | $479,614 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,689 |
| Net Land, buildings, and equipment | $162,161 |
| Investments—publicly traded securities | $262,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,024,004 |
| Accounts payable and accrued expenses | $207,849 |
| Grants payable | $0 |
| Deferred revenue | $6,118 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $421,659 |
| Other liabilities | $92,284 |
| Total liabilities | $727,910 |
| Net assets without donor restrictions | -$126,965 |
| Net assets with donor restrictions | $423,059 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,024,004 |