The Cora Foundation Inc
- Assets
- $303.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 16-1263983
Organization Overview
The Cora Foundation Inc is located in Syracuse, NY. The organization was established in 2009. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cora Foundation Inc 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, Cora Foundation Inc generated $165.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $140.4k during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE ORGANIZATION GENERALLY AVERAGES FIVE EXHIBITIONS PER YEAR, ACCOMPANIED BY A SERIES OF RELATED COMMUNITY ENGAGEMENT PROGRAMS SUCH AS ARTIST TALKS AND EDUCATION PRESENTATIONS. EACH EXHIBITION SEASON IS CAREFULLY PLANNED TO FEATURE A RANGE OF ARTISTIC MEDIA AND DIVERSE ARTISTS. TO INSURE DIVERSITY, CONSIDERATION IS GIVEN TO RACE, SEX AND GEOGRAPHY WHEN SEEKING ARTISTS AND THE RANGE OF SOCIAL ISSUES PRESENTED IN THE WORK. TO EXPAND OUR REACH AND BUILD BRIDGES WITH LOCAL GROUPS, THE ORGANIZATION TRIES TO MOUNT EVERY EXHIBITION IN COLLABORATION WITH AT LEAST ONE LOCAL COMMUNITY GROUP. ALL EXHIBITIONS MUST REFLECT OUR MISSION TO EMBRACE ART AND ACTIVISM. IN FISCAL YEAR 7/01/21-6/30/22 ARTRAGE PARTNERED (VIRTUALLY) WITH COMMUNITY ORGANIZATIONS 9 TIMES, CONDUCTED NO TOURS FOR SCHOOL PROGRAMS, HOSTED 30 VIRTUAL EVENTS AND 6 IN PERSON EVENTS, AND LOGGED IN 1619 IN PERSON VISITS AND 3694 VIRTUAL VISITS DURING THE 2021-22 EXHIBITION SEASON. THE ORGANIZATION HELD 5 IN PERSON AND VIRTUAL EXHIBITIONS (THREE OF WHICH WERE GROUP SHOWS) FEATURING 67 ARTISTS, INCLUDING 49 WOMEN AND 18 MEN (66% WERE ARTISTS OF COLOR), 1 VIRTUAL ONLY EXHIBITION, AND 3 WINDOW EXHIBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Wadley Secretary | 0 | $0 | |
Chris Flynn Treasurer | 0 | $0 | |
Walter Putter Vice Preside | 0 | $0 | |
Noor Adnan Aljiboury Board Member | 0 | $0 | |
Julia Ganson Board Member | 0 | $0 | |
Terry Eckert Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,478 |
| Total Program Service Revenue | $2,954 |
| Membership dues | $0 |
| Investment income | $50 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,854 |
| Other Revenue | $19,892 |
| Total Revenue | $165,616 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,888 |
| Professional fees and other payments to independent contractors | $4,392 |
| Occupancy, rent, utilities, and maintenance | $19,445 |
| Printing, publications, postage, and shipping | $5,642 |
| Other expenses | $37,046 |
| Total expenses | $140,413 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $149,127 |
| Other assets | $0 |
| Total assets | $303,250 |
| Total liabilities | $72,187 |
| Net assets or fund balances | $231,063 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Cora Foundation Inc has recieved totaling $27,250.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT; PROGRAM SUPPORT | $24,250 |
The Dorothy And Marshall M Reisman Foundation Dewitt, NY PURPOSE: ARTRAGE GALLERY - GENERAL OPERATING | $3,000 |
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