Core Powered By The Rogers Foundation
- Assets
- $7.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 46
- Location
- Las Vegas, NV
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 45-4170296
Organization Overview
Core Powered By The Rogers Foundation, operating under the name Formerly I Have A Dream Southern Ne, is located in Las Vegas, NV. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Formerly I Have A Dream Southern NE employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Formerly I Have A Dream Southern NE 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, Formerly I Have A Dream Southern NE generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CORE ACADEMY, POWERED BY THE ROGERS FOUNDATION BELIEVES ALL CHILDREN HAVE THE RIGHT TO REACH THEIR FULL POTENTIAL AND PURSUE INDIVIDUAL SUCCESS. OUR MISSION IS TO STRENGTHEN CHARACTER, BUILD BRILLIANT MINDS AND CREATE BRIGHTER FUTURES FOR OUR COMMUNITY'S MOST UNDER-RESOURCED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HELPS CHILDREN FROM LOW-INCOME COMMUNITIES IN SOUTHERN NEVADA AND PROVIDES AFTER SCHOOL PROGRAMMING AND TUTORING FOR ITS STUDENTS. THE PROGRAM FOCUSES ON ACADEMICS, ENRICHMENT ACTIVITIES AND MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Jones Executive Di | OfficerTrustee | 40 | $130,000 |
Lindsay Harper - Through April 2023 CEO | Officer | 40 | $64,978 |
Amy Hunter Chair | OfficerTrustee | 1 | $0 |
Rory Reid Vice-Chair | OfficerTrustee | 1 | $0 |
Michelle Sanders Treasurer/se | OfficerTrustee | 2 | $0 |
Bo Bernhard Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $784,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $763,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,547,584 |
| Total Program Service Revenue | $0 |
| Investment income | $182,694 |
| 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 | $1,730,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,369 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,247 |
| Compensation of current officers, directors, key employees. | $113,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,403,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $115,609 |
| Payroll taxes | $147,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,712 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,251 |
| Fees for services: Other | $319,292 |
| Advertising and promotion | $0 |
| Office expenses | $133,217 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,325 |
| Travel | $10,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,555 |
| Interest | $13,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,063 |
| Insurance | $28,106 |
| All other expenses | $0 |
| Total functional expenses | $2,722,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,604,482 |
| Accounts receivable, net | $0 |
| 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 | $3,783 |
| Net Land, buildings, and equipment | $820,625 |
| Investments—publicly traded securities | $4,641,771 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,285,624 |
| Accounts payable and accrued expenses | $169,888 |
| 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 | $1,986 |
| Unsecured mortgages and notes payable | $408,741 |
| Other liabilities | $0 |
| Total liabilities | $580,615 |
| Net assets without donor restrictions | $334,335 |
| Net assets with donor restrictions | $6,370,674 |
| 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 | $7,285,624 |
Grants Awarded
Over the last fiscal year, Core Powered By The Rogers Foundation has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DIRECT RELIEF | | | $8,000 |
SHELTER BOX USA | | | $6,000 |