Cortez Foundation is located in Las Vegas, NV. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortez 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 12/2020, Cortez Foundation generated $130.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $18.6k during the year ending 12/2020. While expenses have increased by 11.0% per year over the past 2 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
THE CORTEZ FOUNDATION PROVIDES WORLD- CLASS MENTORSHIP AND FINANCIAL FREEDOM EDUCATION TO FUEL PROSPEROUS GROWTH FOR UNDERSERVED ASIAN AMERICAN ARTISTS AND ENTERTAINERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORTEZ FOUNDATION PROVIDES WORLD- CLASS MENTORSHIP AND FINANCIAL FREEDOM EDUCATION TO FUEL PROSPEROUS GROWTH FOR UNDERSERVED ASIAN AMERICAN ARTISTS AND ENTERTAINERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marc Cortez President | OfficerTrustee | 0 | $20,000 |
Derrick Cortez Director | OfficerTrustee | 0 | $0 |
Michael Cortez Director | OfficerTrustee | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $130,475 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $130,475 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $18,000 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $600 |
Total expenses | $18,600 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $194,779 |
Other assets | $0 |
Total assets | $194,779 |
Total liabilities | $0 |
Net assets or fund balances | $194,779 |
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