Cor Jesu Foundation
- Assets
- $484.9k
- Revenue
- $215.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Titusville, FL
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 59-6878607
Organization Overview
Cor Jesu Foundation is located in Titusville, FL. The organization was established in 1989. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cor Jesu 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 12/2022, Cor Jesu Foundation generated $215.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $238.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THIS IS A FOOD PANTRY SERVING THE HUNGRY OF NORTH BREVARD COUNTY AND RELIES ON DONATIONS (PRIMARILY FOOD) AND FUNDS TO PURCHASE MEAT AND OTHER ITEMS FROM LOCAL FOOD BANK. OPERATED BY VOLUNTEERS WITH NO PAID STAFF MEMBERS. PERSONAL HYGIENE PRODUCTS ARE ALSO DISTRIBUTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUNDAMENTAL PURPOSE OF THE ORGANIZATION IS HELPING THE NEEDY OF NORTH BREVARD. PROVIDING FOOD IS THE TOP PRIORITY OF THE ORGANIZATION. COR JESU COLLECTS, PURCHASES, SORTS, PACKAGES AND DISTRIBUTES FOOD TO THE NEEDY AT ITS FACILITY LOCATED ON SOUTH HOPKINS AVENUE IN TITUSVILLE. IN 2022, 2,390 HOUSEHOLDS CONSISTING OF 4,357 INDIVIDUALS RECEIVED FOOD ASSISTANCE. MOST OF THE FOOD CONSISTS OF NONPERISHABLE BOXED OR CANNED ITEMS. MEATS, WHEN NEEDED, ARE PURCHASED FROM THE LOCAL FOOD BANK. EGGS AND BUTTER ARE OBTAINED LOCALLY. PERISHABLE FOOD IS STORED IN REFRIGERATORS AND FREEZERS UNTIL DISTRIBUTED. HYGIENE PRODUCTS ARE ALSO PROVIDED WHEN AVAILABLE. VOLUNTEERS PICKUP AND COLLECT FOOD, OTHERS SORT AND STOCK THE SHELVES, WHILE OTHERS REGISTER NEW CLIENTS AND ASSEMBLE THE BAGS THAT ARE GIVEN AWAY. EACH CLIENT RECEIVES ONE OR MORE BAGS OF NON-PERISHABLE FOOD, AND MOST RECEIVE MEATS, EGGS AND BREAD. WHEN FRESH FRUITS, VEGETABLES AND BAKERY ITEMS ARE AVAILABLE THEY ARE PROVIDED. ALL OF OUR FUNDS ARE USED TO PURCHASE FOOD AND MAINTAIN THE BUILDING AND GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Rose Trustee, Ceo, Chairman | OfficerTrustee | 3 | $0 |
Carol Shalala Trustee, Pantry Manager, Secretary | OfficerTrustee | 20 | $0 |
Jerry Allender Trustee | Trustee | 0 | $0 |
John Gore Trustee | Trustee | 2 | $0 |
Bruce Moquin Trustee, Food Procurement Manager | Trustee | 5 | $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 | $213,238 |
| Noncash contributions included in lines 1a–1f | $197,066 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,238 |
| Total Program Service Revenue | $0 |
| Investment income | $2,560 |
| 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 | $215,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $229,819 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,092 |
| 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 | $0 |
| Total functional expenses | $238,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,507 |
| Savings and temporary cash investments | $151,807 |
| 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 | $136,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,530 |
| Total assets | $484,864 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $484,864 |
| 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 | $484,864 |