The Cora Foundation Inc
- Assets
- $536.9k
- Revenue
- $194.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, NY
- Founding
- 06/2009
- Data as of
- 06/2024
- EIN
- 16-1263983
Organization Overview
The Cora Foundation Inc is located in Syracuse, NY. The organization was established in 2009. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Cora Foundation 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 06/2024, Cora Foundation Inc generated $194.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $191.2k during the year ending 06/2024. While expenses have increased by 5.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ARTRAGE MISSION IS TO EXHIBIT PROGRESSIVE ART THAT INSPIRES RESISTANCE AND PROMOTES SOCIAL AWARENESS; SUPPORTS SOCIAL JUSTICE, CHALLENGES PRECONCEPTIONS AND ENCOURAGES CULTURAL CHANGE. OUR GOAL IS TO PROVIDE ARTRAGE VISITORS WITH AN EXPERIENCE THAT ENCOURAGES THE BREAKDOWN OF BOUNDARIES SO THAT PEOPLE CAN SEE THEMSELVES IN THE WORK AND THEN IN ONE ANOTHER. AND THAT, WE BELIEVE, IS THE SEED OF A MOVEMENT FOR CULTURAL AND SOCIAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GENERALLY AVERAGES FIVE EXHIBITIONS PER YEAR, ACCOMPANIED BY A SERIES OF RELATED COMMUNITY ENGAGEMENT PROGRAMS SUCH AS ARTIST TALKS AND EDUCATION PRESENTATIONS. EACH EXHIBITION SEASON IS CAREFULLY PLANNED TO FEATURE A RANGE OF ARTISTIC MEDIA AND DIVERSE ARTISTS. TO INSURE DIVERSITY, CONSIDERATION IS GIVEN TO RACE, SEX AND GEOGRAPHY WHEN SEEKING ARTISTS AND THE RANGE OF SOCIAL ISSUES PRESENTED IN THE WORK. TO EXPAND OUR REACH AND BUILD BRIDGES WITH LOCAL GROUPS, THE ORGANIZATION TRIES TO MOUNT EVERY EXHIBITION IN COLLABORATION WITH AT LEAST ONE LOCAL COMMUNITY GROUP. ALL EXHIBITIONS MUST REFLECT OUR MISSION TO EMBRACE ART AND ACTIVISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stasya Erickson Board Member | Trustee | 1 | $0 |
Chris Flynn Board Member | Trustee | 1 | $0 |
Pam Mclaughlin Board Member | Trustee | 1 | $0 |
Nancy Keefe Rhodes Board Member | Trustee | 1 | $0 |
Miesha Shih Board Member | Trustee | 1 | $0 |
Mary Traynor Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,093 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,604 |
| Total Program Service Revenue | $0 |
| Investment income | $6,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,843 |
| Net Gain/Loss on Asset Sales | $16,230 |
| Net Income from Fundraising Events | $4,032 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,801 |
| 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 | $77,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,467 |
| Fees for services: Management | $12,289 |
| 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 | $5,757 |
| Office expenses | $5,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,600 |
| Travel | $3,582 |
| 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 | $8,596 |
| Insurance | $10,398 |
| All other expenses | $6,546 |
| Total functional expenses | $191,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,396 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $379,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,327 |
| Total assets | $536,884 |
| Accounts payable and accrued expenses | $125 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $42,260 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,385 |
| Net assets without donor restrictions | $474,499 |
| 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 | $536,884 |