Cord Group
- Assets
- $1.5m
- Revenue
- $427.7k
- Investments
- $523.4k
- Employees
- 2
- Location
- Ada, MI
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 45-4578042
Organization Overview
Cord Group is located in Ada, MI. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Cord Group employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cord Group 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 12/2022, Cord Group generated $427.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $814.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cord Group has awarded 32 individual grants totaling $963,815. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORD GROUP IS A NONPROFIT, TAX-EXEMPT MINISTRY THAT SEEKS TO REFLECT THE LOVE OF JESUS CHRIST THROUGH PROVIDING TIMELY SUPPORT IN THE FORM OF HELPFUL RESOURCES TO THE FINANCIALLY OR OTHERWISE DISADVANTAGED PEOPLE OF OUR COMMUNITY AND BEYOND. THIS SUPPORT IS EITHER MADE DIRECTLY TO THOSE EXPERIENCING DISRUPTIVE LIFE CRISES OR THROUGH ORGANIZATIONS THAT THE CORPORATION IDENTIFIES AND THAT SHARE THIS MISSION.
Describe the Organization's Program Activity:
TO RECEIVE AND ADMINISTER FUNDS AND TO PERFORM SERVICES AND TO ENGAGE IN ACTIVITIES IN ORDER TO PLAY A SUPPORTING ROLL IN ASSISTING THE POOR, DISADVANTAGED AND UNDERSERVED MEMBERS OF OUR COMMUNITY BY COMING ALONGSIDE THEM WITH MENTORING, PERSONAL INVOLVEMENT, FINANCIAL SUPPORT, DISCIPLESHIP, AND OTHER MEANS, IN ORDER TO CREATE THE OPPORTUNITY FOR THEM TO LIVE WITH PERSONAL WHOLENESS THROUGH A RELATIONSHIP OF JESUS IN ALL ASPECTS OF THEIR LIVES.
TO RECEIVE AND ADMINSTER FUNDS AND TO PERFORM SERVICES AND TO ENGAGE IN ACTIVITIES IN ORDER TO SHARE THE LOVE OF JESUS CHRIST WITH AT RISK ADOLESCENTS BY HELPING THEM TO SEE THE INNATE TALENT AND GIFTING THEY POSSESS AND HOW THEY CAN DEVELOP THESE QUALITIES IN ORDER TO BE SUCCESSFUL IN LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Ellis Director | OfficerTrustee | 40 | $48,000 |
Steve Timyan Director | Trustee | 40 | $0 |
Mark Stacy Director | Trustee | 40 | $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 | $197,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,152 |
| Total Program Service Revenue | $0 |
| Investment income | $17,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $325,404 |
| Grants and other assistance to domestic individuals. | $330,483 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation of current officers, directors, key employees. | $4,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $949 |
| Fees for services: Accounting | $6,890 |
| 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 | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,109 |
| Total functional expenses | $814,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $919,123 |
| Investments—other securities | $523,435 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,466 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,215 |
| Total liabilities | $2,215 |
| Net assets without donor restrictions | $1,468,251 |
| 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 | $1,470,466 |
Grants Awarded
Over the last fiscal year, Cord Group has awarded $306,900 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
KEYSTONE COMMUNITY CHURCH PURPOSE: GENERAL DONATION TO SUPPORT MISSION | $10,000 |
THE STOREHOUSE PURPOSE: GENERAL DONATION TO SUPPORT MISSION | $54,000 |
PROGRESS NOT PERFECTION PURPOSE: GENERAL DONATION TO SUPPORT MISSION | $13,000 |
FROM THE HEART CHURCH PURPOSE: GENERAL DONATION TO SUPPORT MISSION | $10,000 |
JUBILEE PARTNERS PURPOSE: GENERAL DONATION TO SUPPORT MISSION | $156,000 |
LIVING STONES ACADEMY PURPOSE: GENERAL DONATION TO SUPPORT MISSION | $31,000 |