Cordes Foundation
- Assets
- $9.2m
- Revenue
- $93.3k
- Investments
- $4.6m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 25-1926063
Organization Overview
Cordes Foundation is located in Bethesda, MD. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cordes 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 12/2023, Cordes Foundation generated $93.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $546.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cordes Foundation has awarded 142 individual grants totaling $2,649,393. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS TO NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORDES FOUNDATION CONNECTS SOCIAL ENTREPRENEURS WITH THE RIGHT RESOURCES AND STAKEHOLDERS, CONVENES EVENTS THAT ENHANCE AND STRENGTHEN THE IMPACT INVESTING AND SOCIAL ENTREPRENEURIAL ECOSYSTEMS AND CATALYZES 100% OF OUR BALANCE SHEET TO ELEVATE THE ROLE OF WOMEN GLOBALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Freundlich Director | Trustee | 1 | $0 |
Rebecca Gelb Secretary & Treasurer (incoming 2023) | OfficerTrustee | 1 | $0 |
Ronald Cordes President | OfficerTrustee | 1 | $0 |
Marty Cordes Vice-President | OfficerTrustee | 1 | $0 |
Eric Stephenson Co-Chair | OfficerTrustee | 1 | $0 |
Steph Stephenson Co-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $92,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $963 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $407,993 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,232 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25 |
| Information technology | $546 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $546,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,759 |
| Savings and temporary cash investments | $167,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $42,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,194,775 |
| Investments—other securities | $4,561,106 |
| Investments—program-related | $145,850 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,150,480 |
| Accounts payable and accrued expenses | -$14,455 |
| 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 | $0 |
| Total liabilities | -$14,455 |
| Net assets without donor restrictions | $9,164,935 |
| 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 | $9,150,480 |
Grants Awarded
Over the last fiscal year, Cordes Foundation has awarded $373,493 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN'S MICROFINANCE INITIATIVE PURPOSE: GENERAL SUPPORT | $50,000 |
TRANSPARENTEM LTD PURPOSE: GENERAL SUPPORT | $25,000 |
CREATING HOPE INTERNATIONAL FBO AFGHAN INSTITUTE OF LEARNING PURPOSE: GENERAL SUPPORT | $25,000 |
SPONSORS FOR EDUCATIONAL OPPORTUNITY PURPOSE: GENERAL SUPPORT | $47,500 |
REMAKE PURPOSE: GENERAL SUPPORT | $27,000 |
CONPRMETIDOS PURPOSE: GENERAL SUPPORT | $22,160 |