Cortex
- Assets
- $84.7m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 27
- Location
- St Louis, MO
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 30-0082817
Organization Overview
Cortex is located in St Louis, MO. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Cortex employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortex 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, Cortex generated $17.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $10.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cortex has awarded 18 individual grants totaling $2,846,358. 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
FOUNDED IN 2002, CORTEX IS ST. LOUIS' THRIVING CENTER OF RESEARCH, TECHNOLOGY, AND ENTREPRENEURIAL EXCHANGE, SERVING AS AN INCLUSIVE ECONOMIC ENGINE FOR THE REGION. CORTEX IS THE MASTER DEVELOPER OF A 200-ACRE INNOVATION DISTRICT EXPERTLY DESIGNED TO TRANSLATE UNIVERSITY RESEARCH, FOSTER NEW SCIENTIFIC BREAKTHROUGHS AND NEW BUSINESSES, AND TRAIN ST. LOUISANS FOR NEW ECONOMY JOBS IN BIOSCIENCE, CYBERSECURITY, AND TECHNOLOGY, AS WELL AS ENTREPRENEURIAL ENDEAVORS. CORTEX CREATES EQUITABLE ECONOMIC IMPACTS BY LEVERAGING HIGH-QUALITY FACILITIES, DEVELOPING PROGRAMS THAT BUILD KNOWLEDGE AND NETWORKS, AND CONVENING STRATEGIC PARTNERSHIPS THAT ATTRACT AND SUPPORT EMERGING AND ESTABLISHED COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO CORTEX'S ACQUISITION/DEVELOPMENT OF REAL ESTATE AND THE PROMOTION OF DEVELOPMENT ACTIVITIES OF THE CORTEX INNOVATION DISTRICT, CORTEX SERVES AS THE MANAGER OF ST. LOUIS LAND COMPANY, L.L.C. (SLLC) A MISSOURI LIMITED LIABILITY COMPANY, THAT SERVES AS A LAND HOLDING ENTITY IN THE REVITALIZATION OF AN APPROXIMATE 200 ACRE TRACT OF LAND IN MIDTOWN ST. LOUIS THAT WILL SERVE AS A CENTER OF RESEARCH, TECHNOLOGY AND ENTREPRENEURIAL EXCHANGE. CORTEX IS THE MANAGER OF SLLC AND INCURRED EXPENSES IN DEVELOPING AND MAINTAINING THE PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Cannon Director | Trustee | 1 | $0 |
June Fowler Chairman | Trustee | 2 | $0 |
Rich Liekweg Director | Trustee | 1 | $0 |
Andrew Martin Director | Trustee | 1 | $0 |
Amy Kweskin Treasurer | OfficerTrustee | 1 | $0 |
Ken Olliff Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harambee Llc Construction | 12/30/23 | $290,609 |
Joiner Sheet Metal Construction | 12/30/23 | $274,139 |
Husch Blackwell Attorney Fees | 12/30/23 | $248,237 |
Elevatiq It Consultants | 12/30/23 | $143,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,597,669 |
| Government grants | $983,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,847,870 |
| Total Program Service Revenue | $4,311,461 |
| Investment income | $791,635 |
| 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 | $17,212,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,224,147 |
| Grants and other assistance to domestic individuals. | $49,257 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $908,496 |
| Compensation of current officers, directors, key employees. | $154,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $830,389 |
| Pension plan accruals and contributions | $137,142 |
| Other employee benefits | $333,572 |
| Payroll taxes | $0 |
| Fees for services: Management | $135,541 |
| Fees for services: Legal | $179,731 |
| Fees for services: Accounting | $85,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $478,319 |
| Advertising and promotion | $119,577 |
| Office expenses | $103,893 |
| Information technology | $111,031 |
| Royalties | $0 |
| Occupancy | $1,168,804 |
| Travel | $14,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $603,242 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,067,732 |
| Insurance | $141,693 |
| All other expenses | $692,867 |
| Total functional expenses | $10,385,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,257 |
| Savings and temporary cash investments | $12,003,321 |
| Pledges and grants receivable | $3,020,374 |
| Accounts receivable, net | $794,997 |
| 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 | $462,228 |
| Net Land, buildings, and equipment | $54,599,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,726,834 |
| Total assets | $84,709,427 |
| Accounts payable and accrued expenses | $2,340,371 |
| Grants payable | $0 |
| Deferred revenue | $76,529 |
| 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 | $6,501,254 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,903,164 |
| Total liabilities | $18,821,318 |
| Net assets without donor restrictions | $65,888,109 |
| 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 | $84,709,427 |
Grants Awarded
Over the last fiscal year, Cortex has awarded $2,167,492 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PROPEL KITCHENS PURPOSE: GENERAL | $150,000 |
GLOBAL INSTITUTE ON INNOVATION DISTRICTS PURPOSE: GENERAL | $16,667 |
PARK CENTRAL DEVELOPMENT PURPOSE: GENERAL | $7,000 |
INTERNATIONAL INSTITUTE OF ST LOUIS PURPOSE: GENERAL | $8,000 |
PER SCHOLAS PURPOSE: GENERAL | $1,206,735 |
CYBERUP PURPOSE: GENERAL | $150,000 |