Cord Inc
- Assets
- $116.7k
- Revenue
- $270.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 01/2002
- Data as of
- 12/2020
- EIN
- 75-2935702
Organization Overview
Cord Inc is located in Amarillo, TX. The organization was established in 2002. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. 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 12/2020, Cord Inc generated $270.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $319.9k during the year ending 12/2020. While expenses have increased by 25.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING PARTICIPATION AND OUTREACH PROGRAMS TO THE LESS FORTUNATE, INCLUDING HOMELESS FEEDING MISSION, REENTRY PROGRAMS FOR EX-OFFENDERS, PROVIDE TRANSPORTATION SERVICE TO THOSE IN NEED, AND HOUSING PROJECT FOR WORKERS IN THE FEEDING MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING MISSION FOR THE HOMELESS
HOUSING FOR PERSONS RECOVERING FROM DIVORCE, DRUGS & ALCOHOL.
PROVIDING TRANSPORTATION SERVICES TO ELDERLY, DISABLED AND THOSE IN NEED.
MISSIONARY AND SUNDAY SCHOOL FOR BIKER COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Carlisle Officer | OfficerTrustee | $0 | |
Rev Casey Dumas Officer | OfficerTrustee | $0 | |
Rev Craig Lawlis Director | OfficerTrustee | $0 | |
Ivan King Officer | OfficerTrustee | $0 | |
Kenneth Revell Officer | OfficerTrustee | $0 | |
Vanessa Dumas Secretary | OfficerTrustee | $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 | $17,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,485 |
| Total Program Service Revenue | $238,758 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,405 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,648 |
| 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 | $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 | $2,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,823 |
| Advertising and promotion | $0 |
| Office expenses | $753 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,202 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,624 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,488 |
| Insurance | $0 |
| All other expenses | $15,475 |
| Total functional expenses | $319,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,883 |
| 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 | $7,741 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $69,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,739 |
| 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 | $19,909 |
| Unsecured mortgages and notes payable | $30,000 |
| Other liabilities | $0 |
| Total liabilities | $49,909 |
| Net assets without donor restrictions | $66,830 |
| 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 | $116,739 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cord Inc has recieved totaling $26,550.
| Awarding Organization | Amount |
|---|---|
Mary E Bivins Foundation Amarillo, TX PURPOSE: HEALTHY SENIOR GRANT | $14,550 |
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: PROGRAM SUPPORT | $12,000 |
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