Kore Foundation Inc
- Assets
- $924.5k
- Revenue
- $1.2m
- Investments
- $793.3k
- Employees
- 6
- Location
- Gallatin, TN
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 26-3196544
Organization Overview
Kore Foundation Inc is located in Gallatin, TN. The organization was established in 2010. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Kore Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kore 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 12/2021, Kore Foundation Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY MISSION IS TO OFFER POVERTY STRICKEN PEOPLE A SUSTAINABLE ALTERNATIVE WITH THE INTRODUCTION OF CREATIVE MICRO-INDUSTRIES, AGRICULTURE, AND MICRO-FINANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FUNDS THE SMALL HOLDER POULTRY PROGRAM (SHPE), LOCATED IN HAITI AND PARTNERED WITH KORE LAKAY THE SHPE PROVIDES HAITIANS THE NECESSARY TRAINING, FINANCING AND OVERSIGHT TO BEGIN HIS OR HER OWN SMALL POULTRY BUSINESS. THIS WILL PROVIDE OPPORTUNITIES FOR THESE FAMILIES TO BECOME ECONOMICALLY SELF-RELIANT.
THE PROTEIN FEEDING PROGRAM, LOCATED IN HAITI AND PARTNERED WITH KORE LAKAY, PROVIDES ANIMAL PROTEIN TO 10,000 CHILDREN WHO OTHERWISE WOULD NOT HAVE ACCESS TO IT. POULTRY IS PURCHASED FROM SHPE FARMERS AND DISTRIBUTED TO MALNOURISHED CHILDREN IN SEVERAL REGIONS OF HAITI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Bratton CEO | OfficerTrustee | $0 | |
John Carter Treasurer | OfficerTrustee | $0 | |
Katherine Louw Secretary | OfficerTrustee | $0 | |
Tom Moore Vice Preside | OfficerTrustee | $0 | |
Randy Hale Director | Trustee | $0 | |
Rick Wood Director | Trustee | $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 | $1,162,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,162,175 |
| Total Program Service Revenue | $0 |
| Investment income | $31,497 |
| 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 | $1,193,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $918,061 |
| 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 | $345,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $37,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,539 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,347,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,756 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,081 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,000 |
| Net Land, buildings, and equipment | $1,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $793,250 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $924,523 |
| Accounts payable and accrued expenses | $10,358 |
| 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 | $7,654 |
| Total liabilities | $18,012 |
| Net assets without donor restrictions | $906,511 |
| 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 | $924,523 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kore Foundation Inc has recieved totaling $655,968.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $560,100 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $59,008 |
The Spurlino Foundation Odessa, FL PURPOSE: EGG A DAY PROGRAM | $30,000 |
Carolyn Smith Foundation Gallatin, TN PURPOSE: PROVIDE RESOURCES FOR FAMILIES | $5,000 |
Watterson Family Foundation Bluffton, SC PURPOSE: HUMANITARIAN ASSISTANCE | $1,680 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blumont International Inc Arlington, VA | $12,865,572 | $19,569,982 |
Global Outreach International Inc Tupelo, MS | $17,084,883 | $17,437,149 |
Gleaning For The World Inc Concord, VA | $12,160,365 | $11,390,037 |
Coptic Orphans Support Association Merrifield, VA | $53,399,454 | $18,274,988 |
Kids Alive International Inc Alpharetta, GA | $13,632,036 | $14,142,637 |
Nascent Solutions Inc Alexandria, VA | $4,533,019 | $10,643,568 |
Amigos For Christ Buford, GA | $4,217,846 | $8,607,219 |
Penny Appeal Usa Inc Alexandria, VA | $5,095,057 | $8,905,052 |
Mission Enablers International Bentonville, AR | $795,841 | $7,887,827 |
Samaritans Feet International Charlotte, NC | $19,362,497 | $7,555,032 |
Meds & Food For Kids St Louis, MO | $9,342,329 | $4,463,955 |
St Luke Foundation For Haiti Dumfries, VA | $1,366,541 | $7,126,757 |