Corners Outreach Inc
- Assets
- $16.8m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Norcross, GA
- Founding
- 02/2014
- Data as of
- 12/2023
- EIN
- 45-5613973
Organization Overview
Corners Outreach Inc is located in Norcross, GA. The organization was established in 2014. 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 12/2023, Corners Outreach Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corners Outreach 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 12/2023, Corners Outreach Inc generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.4% each year . All expenses for the organization totaled $5.8m during the year ending 12/2023. While expenses have increased by 50.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
CAMPS & HOMEWORK SESSIONS FOR MINORITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPS,HOMEWORK CLUB,INTERNSHIP PROGRAM,CAMP COUNSELOR PROGRAM HOMEWORK CLUB, ETC ALSO, TO DIRECTLY ASSIST THE MINORITY STUDENT'S PARENTS TO FIND,AND PROCURE GAINFUL EMPLOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Campbell Trustee | OfficerTrustee | 40 | $0 |
Adam Lloyd Treasurer | OfficerTrustee | 12 | $0 |
Matt Childs Trustee | Trustee | 7 | $0 |
Dick Lopresti Trustee | Trustee | 7 | $0 |
Randy Hicks Trustee | Trustee | 7 | $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 | $9,136,921 |
| Noncash contributions included in lines 1a–1f | $224,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,136,921 |
| Total Program Service Revenue | $972,287 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $265,946 |
| 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 | $10,589,730 |
| 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 | $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 | $1,086,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,245 |
| Payroll taxes | $111,716 |
| Fees for services: Management | $480,325 |
| Fees for services: Legal | $139,142 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,450 |
| Office expenses | $64,131 |
| 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 | $158,607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $142,792 |
| All other expenses | $3,476,210 |
| Total functional expenses | $5,765,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $922,598 |
| Pledges and grants receivable | $1,961,096 |
| Accounts receivable, net | $354,389 |
| 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 | $8,906,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,622,500 |
| Total assets | $16,767,233 |
| Accounts payable and accrued expenses | $989,837 |
| 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 | $8,795,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,784,837 |
| Net assets without donor restrictions | $6,982,396 |
| 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 | $16,767,233 |