Core Foundation
- Assets
- $351.6k
- Revenue
- $454.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Reston, VA
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-5997764
Organization Overview
Core Foundation is located in Reston, VA. The organization was established in 2007. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Core Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Core Foundation 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 12/2021, Core Foundation generated $454.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $433.0k during the year ending 12/2021. While expenses have increased by 35.8% 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.
Since 2017, Core Foundation has awarded 13 individual grants totaling $256,474. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPING OTHERS TO "BE THE CHANGE THEY WANT TO SEE IN THE WORLD" BY PROVIDING COUNSELING AND RESOURCES.WE WORK WITH SOCIAL ENTREPRENEURS AND SMALL ORGANIZATIONS TO HELP THEM ACHIEVE THEIR GOALS AND OBJECTIVES. WE PROVIDE COUNSEL AND RESOURCES TO HELP INDIVIDUALS AND ORGANIZATIONS PLAN, BUILD AND EXECUTE ON THEIR VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO CORNERSTONES A 501(C)(3) EXEMPT ORGANIZATION TO RAISE MONEY, SETUP INFRASTRUCTURE AND PROVIDE LOGISTICAL SUPPORT FOR RESTON SPRINT TRIATHLON.
FRIENDS OF LAKE ANNE - RESTON'S LAKE ANNE IS A TREASURE IN OUR COMMUNITY. LAKE ANNE VILLAGE CENTER IS THE ORIGINAL VILLAGE CENTER OF RESTON AND IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. THE FRIENDS OF LAKE ANNE PURPOSE IS TO PROMOTE EDUCATION ABOUT AND, A CONTEXTUAL UNDERSTANDING OF, THE HISTORICAL AND ARCHITECTURAL SIGNIFICANCE OF THE LAKE ANNE HISTORIC DISTRICT'S PUBLIC AREAS. WE ALSO PROVIDE FINANCIAL SUPPORT FOR THE RESTORATION AND MAINTENANCE OF THE SCULPTURAL, FOUNTAIN, LANDSCAPE AND ARCHITECTURAL ELEMENTS IN THE PUBLIC PLAZA.
HELPING HUNGRY KIDS - CONNIE LAURENT ROY AND SANDY AMATO HAD A VISION THAT BEGAN IN A BASEMENT IN RESTON, VIRGINIA IN 2009. THEY KNEW NOT EVERY CHILD IN FAIRFAX COUNTY HAD ENOUGH FOOD ON WEEKENDS AND DURING SCHOOL BREAKS. SO THEY CREATED HELPING HUNGRY KIDS (HHK) OF NORTHERN VIRGINIA TO SERVE THE COMMUNITY. FOR MORE THAN 10 YEARS, HHK HAS PROVIDED PACKS TO LOCAL ELEMENTARY SCHOOL CHILDREN WHO LACK ENOUGH FOOD. EACH PACK COSTS ABOUT $6 AND CONTAINS ENOUGH FOOD FOR 2 BREAKFASTS, 2 LUNCHES, 2 DINNERS, AND 2]3 SNACKS. PANTRY ITEMS INCLUDE FRUIT CUPS, APPLESAUCE, PUDDING, CEREAL, SOUP, MAC N' CHEESE, AND MILK. HHK PACKS 450 BAGS PER WEEK FOR SEVEN LOCAL ELEMENTARY SCHOOLS.
CORE CAUSE PROJECTS - RAISE MONEY, SETUP INFRASTRUCTURE AND PROVIDE LOGISTICAL SUPPORT FOR OTHER PROGRAM SERVICES.SUPPORT TO CHILDHOOD BRAIN TUMOR FOUNDATION A 501(C)(3) EXEMPT ORGANIZATION TO RAISE MONEY, SETUP INFRASTRUCTURE AND PROVIDE LOGISTICAL SUPPORT FOR RESTON YOUTH TRIATHLON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taralyn Kohler Executive Director | Officer | 40 | $77,499 |
Mary Cackling Operations Director | Officer | 40 | $48,576 |
Douglas Bushee Chair | OfficerTrustee | 10 | $0 |
Gina Healy Member | Trustee | 0.25 | $0 |
Ted Craig Treasurer | OfficerTrustee | 0.25 | $0 |
Cheryl Fyock Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,659 |
| Related organizations | $0 |
| Government grants | $20,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,593 |
| Total Program Service Revenue | $122,368 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $453,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,101 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,804 |
| Compensation of current officers, directors, key employees. | $67,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,359 |
| Payroll taxes | $9,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,815 |
| Fees for services: Accounting | $12,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,674 |
| Advertising and promotion | $3,576 |
| Office expenses | $9,507 |
| Information technology | $9,584 |
| Royalties | $0 |
| Occupancy | $4,665 |
| Travel | $2,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,673 |
| Interest | $216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,718 |
| All other expenses | $0 |
| Total functional expenses | $433,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,543 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $100,042 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,036 |
| Total assets | $351,621 |
| Accounts payable and accrued expenses | $258 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $229,700 |
| Total liabilities | $229,958 |
| Net assets without donor restrictions | $121,663 |
| Net assets with donor restrictions | $0 |
| 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 | $351,621 |
Grants Awarded
Over the last fiscal year, Core Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROGRAM SUPPORT | $10,000 |
Reston, VA PURPOSE: PROGRAM SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Core Foundation has recieved totaling $135,768.
| Awarding Organization | Amount |
|---|---|
K A H R Foundation Minnetrista, MN PURPOSE: GENERAL SUPPORT, RELIEF FUNDS | $103,331 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,234 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $7,678 |
Aryan Hope Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Closet Of The Greater Herndon Area Inc Herndon, VA PURPOSE: TO ASSIST MISSION | $5,000 |
J V Schiro-Zavela Foundation Mclean, VA PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Charitable Ashburn, VA | $209,799,923 | $22,185,205 |
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
The Forum For Youth Investment Washington, DC | $9,053,543 | $7,540,773 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
Mba Open Doors Foundation Washington, DC | $6,951,188 | $5,196,301 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |