Center For Occupational Research And Development Inc
- Assets
- $1.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Waco, TX
- Founding
- 02/1980
- Data as of
- 06/2022
- EIN
- 74-2077794
Organization Overview
Center For Occupational Research And Development Inc, operating under the name Cord Inc, is located in Waco, TX. The organization was established in 1980. As of 06/2022, Cord Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cord 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 06/2022, Cord Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cord Inc has awarded 30 individual grants totaling $240,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CORD IS A NON PROFIT ORGANIZATION DEDICATED TO LEADING CHANGE IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHER TRAINING AND PROFESSIONAL DEVELOPMENT IN THE DOMINICAN REPUBLIC SCHOOL SYSTEM. INTRODUCING CONTEXTUAL TEACHING TECHNIQUES IN ORDER TO IMPROVE STUDENT LEARNING AND READINESS UPON GRADUATION. THE PROGRAMS ARE FUNDED BY CONTRACTS WITH EDUCATIONAL INSTITUTIONS AND BUSINESSES IN THE DOMINICAN REPUBLIC.
NATIONAL SCIENCE FOUNDATION AWARDS SUPPORTING CONTINUING TECHNICAL EDUCATION FOR EDUCATORS ACROSS THE COUNTRY. THE AWARDS ARE ENTITILED NECESSARY SKILLS NETWORK, THE FUTURE OF WORK AND PATHWAYS TO INNOVATION. HUNDREDS OF EDUATORS PARTICIPATE IN THE ACTIVITIES WHICH ENHANCE THEIR CAPABILITIES AND SKILLS.
CONFERENCES, WORKSHOPS AND OTHER TRAINING WHERE EDUCATORS ARE INFORMED AND LEARN INOVATIVE METHODS OF TEACHING. SEVERAL WORKSHOPS ARE ATTENDED BY HUNDREDS OF EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hope Cotner President, CEO | Officer | 40 | $147,512 |
Agustin Navarro Vice Pres | Officer | 40 | $99,991 |
Ann Claire Anderson Vice Pres | Officer | 40 | $79,584 |
Ronald Schwartinsky Vice Pres | Officer | 40 | $65,329 |
Claudia Manness Vice Pres | Officer | 40 | $62,257 |
Roger Tadejewski Chairman | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,993,099 |
| Investment income | $10 |
| 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 | $2,197,037 |
| 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. | $396,051 |
| Compensation of current officers, directors, key employees. | $119,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $773,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,761 |
| Payroll taxes | $80,149 |
| Fees for services: Management | $1,485 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,721 |
| Office expenses | $66,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,333 |
| Travel | $100,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,928 |
| All other expenses | $13,824 |
| Total functional expenses | $2,133,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,341 |
| Savings and temporary cash investments | $6,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $318,621 |
| 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 | $230,998 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,051,655 |
| Accounts payable and accrued expenses | $58,773 |
| Grants payable | $0 |
| Deferred revenue | $62,820 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $473,890 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $279,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $654,568 |
| Total liabilities | $1,529,901 |
| Net assets without donor restrictions | -$478,246 |
| 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 | $1,051,655 |
Grants Awarded
Over the last fiscal year, Center For Occupational Research And Development Inc has awarded $90,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ISOTHERMAL COMMUNITY COLLEGE PURPOSE: Assist teachers in continuing education | $5,000 |
CATAWBA VALLEY COMMUNITY COLLEGE PURPOSE: Assist teachers in continuing education | $5,000 |
ROWAN-CABARRUS COMMUNITY COLLEGE PURPOSE: Assist teachers in continuing education | $5,000 |
PIEDMONT COMMUNITY COLLEGE PURPOSE: Assist teachers in continuing education | $5,000 |
ROBESON COMMUNITY COLLEGE PURPOSE: Assist teachers in continuing education | $5,000 |
FORSYTH TECHNICAL COMMUNITY COLLEGE PURPOSE: Assist teachers in continuing education | $5,000 |