Corda Foundation is located in Chapel Hill, NC. The organization was established in 2000. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corda Foundation 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, Corda Foundation generated $126.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $306.8k during the year ending 12/2021. 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
TO PROVIDE A VEHICLE FOR THE COMPILATION, STORAGE, PRESENTATION, PROMOTION AND EXHIBITION OF THE ARTISTIC AND INTELLECTUAL CREATIONS OF THE ARTIST, DAVID ROSENMANN-TAUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AND IMPROVED THE FOUNDATION'S 5 WEBSITES AND CONTRIBUTED TO OTHER WEBSITES WHICH FEATURE THE WORK OF DAVID ROSENMANN-TAUB. ACTIVITY INCLUDED MAINTENANCE OF WEBSITES AT THE UNIVERSITY OF CHILE, THE NATIONAL LIBRARY OF CHILE, A SPANISH LANGUAGE BLOG SITE, THE MAINTENANCE OF THE DAVID ROSENMANN-TAUB SECTION OF THE CERVANTES VIRTUAL SITE, FACEBOOK, INSTAGRAM AS WELL AS THE CORDA FOUNDATION, AWARD, MUSIC, DRAWING AND POETRY WEBSITES. REVISED THE POETRY WEBSITE, ADDING REFERENCE MATERIAL, INCLUDING 8 ARTICLES AND INTERVIEWS AND 5 VIDEOS. COMPLETED THE TRANSLATION INTO SPANISH OF THE DRAWING WEBSITE, ADDING THREE VIDEOS. CONTINUED AN AWARDS PROGRAM FOR ORIGINAL ESSAYS AND SCHOLARLY PAPERS BY UNDERGRADUATE, GRADUATE STUDENTS, PROFESSIONAL SCHOLARS AND FOR POETRY TRANSLATIONS INTO ANY LANGUAGE. PROMOTED THE SEVENTH OFFERING OF THIS PROJECT INTERNATIONALLY WITH ANNOUNCEMENTS ON APPROPRIATE INTERNET SITES, SEVERAL ROUNDS OF EMAILING AND POSTER MAILINGS. DEADLINE FOR SUBMISSIONS WAS 15-DECEMBER, 2020. COMPLETED THE EVALUATIONS OF APPLICATIONS AND GRANTED AN AWARD TO EDUARDO ESPINA, A POET AND PROFESSOR AT TEXAS A&M UNIVERSITY FOR HIS ESSAY ON THE RECENT POETRY OF DAVID ROSENMANN-TAUB.CONTINUED TO PRESERVE ARCHIVAL MATERIAL BY EDITING AND COPYING MUSIC AND VIDEO ORIGINALLY RECORDED DIGITALLY OR ON MAGNETIC TAPE. MAINTAINED A MUSIC AND VIDEO RECORDING DATABASE TO CATALOGUE MORE THAN 1200 HOURS OF MUSICAL AND VOICE RECORDINGS AND VIDEOTAPES. PRODUCED 18 SCORES OF POEMS. PRESENTED AN ANNUAL REVIEW OF ACCOMPLISHMENTS TO VOLUNTEERS AND CONTRIBUTORS.REVISED AND UPDATED A DRAWING DATA BASE ADDING MORE THAN 150 ORIGINAL DRAWINGS.SEVERAL ACADEMIC PAPERS WERE PRESENTED IN LATIN AMERICA AND SPAIN ON THE POETRY AND MUSIC OF DAVID ROSENMANN-TAUB. ANOTHER BOOK OF ORIGINAL POETRY WAS ASSEMBLED FOR PUBLICATION IN CHILE FOR EARLY 2022. COMPLETED THE TRANSCRIPTION, INDEXING AND ARCHIVAL OF MORE THAN 85 ADDITIONAL PAGES OF RECORDED NARRATIVE BY DAVID ROSENMANN-TAUB. CONTINUED THE FILMING, FOR DOCUMENTARY PURPOSES, OF COMMENTARY BY AND ABOUT DAVID ROSENMANN-TAUB INCLUDING INTERVIEWS WITH THE POET HIMSELF, LITERARY CRITICS AND OTHER RENOWNED POETS. BEGAN THE DEVELOPMENT OF A PROFESSIONALLY PRODUCED VIDEO ABOUT THE MUSIC OF DAVID ROSENMANN-TAUBDIGITIZED AND ARCHIVED MORE THAN 29 HOURS OF ANALOG VIDEO RECORDING OF MUSIC PERFORMANCES BY DAVID ROSENMANN-TAUB. THE LIMITED-EDITION, HARDCOVER BOOK "GLOSA" WAS PUBLISHED IN DECEMBER 2020 BY MANDORA PRESS AND DISTRIBUTED TO RETAILERS IN 2021.INITIATED A PROJECT TO SURVEY AND PLACE THE POETRY BOOKS BY DAVID ROSENMANN-TAUB IN THE COLLECTIONS OF ALL MAJOR UNIVERSITY LIBRARIES IN THE US. THE INVENTORY OF THE FOUNDATION'S COLLECTION WAS UPDATED AND EXPANDED TO INCLUDE DEFINITION OF PHYSICAL SPACE REQUIRED FOR PHYSICAL AND DISC STORAGE AND ESTIMATES OF THE SIZE OF DIGITAL CONTENT. PRODUCED 22 SPLIT SCREEN VIDEOS OF THE POET PRESENTING HIS POETRY AND DRAWINGS. PUBLISHED, AS RECOVERED FROM AN AGING MAGNETIC TAPE, THE FIRST OF DAVID ROSENMANN-TAUB'S RECORDINGS -HIS COMPOSITION, "SONATA' FROM 1957. RECOVERED ANOTHER AGED ARCHIVAL RECORDING "GOLGOTA AND DIGITIZED THE ENTIRE PIECE.ARRANGED PRESENTATIONS AND DISCUSSIONS OF THE POETRY OF DAVID ROSENMANN-TAUB FOR STUDENTS IN FRANCE, CHILE, ITALY, SPAIN AND USA. CONTINUED TO MAINTAIN A SECURE, CLIMATE CONTROLLED FACILITY FOR THE ASSEMBLY, ARCHIVAL AND STORAGE OF VIDEO AND AUDIO RECORDINGS, MANUSCRIPTS AND ORIGINAL DRAWINGS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia Odessky Treasurer | OfficerTrustee | 25 | $40,000 |
Valerie Young Secretary | OfficerTrustee | 5 | $0 |
Woodrow E Lomas II President | OfficerTrustee | 20 | $0 |
Frank C Crawford Director | Trustee | 5 | $0 |
Billie Straub Director | Trustee | 15 | $0 |
Harold Lindenthal Director | Trustee | 5 | $0 |
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 | $99,906 |
Noncash contributions included in lines 1a–1f | $54,646 |
Total Revenue from Contributions, Gifts, Grants & Similar | $99,906 |
Total Program Service Revenue | $0 |
Investment income | $30,302 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $5,211 |
Net Gain/Loss on Asset Sales | -$8,676 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $22 |
Miscellaneous Revenue | $0 |
Total Revenue | $126,765 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $3,700 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $40,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $12,861 |
Fees for services: Accounting | $4,495 |
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 | $12,100 |
Royalties | $0 |
Occupancy | $37,619 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $12,603 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $65,523 |
Insurance | $4,422 |
All other expenses | $758 |
Total functional expenses | $306,825 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $118,281 |
Savings and temporary cash investments | $245,939 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $46 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,438 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,635,758 |
Investments—publicly traded securities | $955,525 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,957,987 |
Accounts payable and accrued expenses | $5,452 |
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 | $23,944 |
Total liabilities | $29,396 |
Net assets without donor restrictions | $2,928,591 |
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 | $2,957,987 |
Over the last fiscal year, we have identified 1 grants that Corda Foundation has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Spoleto Festival U S A Charleston, SC | $23,626,585 | $7,325,323 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Arts Center Of Coastal Carolina Hilton Head Island, SC | $10,441,766 | $4,547,581 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Suffolk Center For Cultural Arts Foundation Suffolk, VA | $18,737,592 | $3,812,474 |