Cortico Corporation
- Assets
- $3.4m
- Revenue
- $987.7k
- Investments
- $0.0
- Employees
- 25
- Location
- Boston, MA
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-3975630
Organization Overview
Cortico Corporation is located in Boston, MA. The organization was established in 2017. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Cortico Corporation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortico Corporation 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 12/2021, Cortico Corporation generated $987.7k in total revenue. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 163.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER CONSTRUCTIVE PUBLIC CONVERSATION TO IMPROVE OUR UNDERSTANDING OF ONE ANOTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 CORTICO CONTINUED TO EXPAND THE LOCAL VOICES NETWORK, A UNIQUE PHYSICAL-DIGITAL NETWORK TO BRING UNDER-HEARD COMMUNITY VOICES, PERSPECTIVES, AND STORIES INTO THE CENTER OF A HEALTHIER PUBLIC SPHERE. LVN BRINGS TOGETHER SMALL GROUPS OF 4-8 PEOPLE TOGETHER FOR FACILITATED CONVERSATIONS ABOUT WHAT MATTERS MOST TO THEM IN THEIR COMMUNITIES AND IN THE NATION. CONVERSATIONS MIGHT FOCUS BROADLY ON HOPES AND CONCERNS, OR BE MORE TOPICALLY FOCUSED; BUT, THE COMMON QUALITIES ARE SURFACING THE VALUES DRIVING INDIVIDUAL PARTICIPATION, SHARING PERSONAL EXPERIENCES THAT INFORM THOUGHTS AND FEELINGS ABOUT THEIR COMMUNITIES, AND ENGAGING IN MEANING-MAKING THROUGH REFLECTION ON PERSPECTIVES OF OTHERS BOTH WITHIN THEIR CONVERSATION AND FROM OTHER CONVERSATIONS IN THE NETWORK. POWERFUL MACHINE LEARNING TECHNOLOGY AND AN INNOVATIVE DIGITAL PLATFORM COMBINE TO SUPPORT LVN'S COLLECTION, CURATION AND DISTRIBUTION OF AUTHENTIC VOICES AT A NATIONWIDE SCALE.BEGINNING IN MARCH 2020 CORTICO PAUSED IN-PERSON CONVERSATIONS AND TRANSITIONED TO SUPPORTING VIRTUAL SMALL GROUP DIALOGUES, SUPPORTING THE WORK OF 20+ NEW PARTNERS NATIONWIDE ACROSS MEDIA, GOVERNMENT, EDUCATION, AND OTHER NON-PROFIT SECTORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Parisa Parsa Chief Executive Officer | OfficerTrustee | 40 | $160,676 |
David Van Dokkum Chief Operating Officer | Officer | 40 | $153,176 |
Allison King Engineering Team Lead | 40 | $118,178 | |
Suzanne Li Product Designer | 40 | $105,974 | |
Russell Stevens Treasurer | Officer | 5 | $1,040 |
Deb Roy Director | 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 | $847,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,209 |
| Total Program Service Revenue | $140,399 |
| Investment income | $66 |
| 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 | $987,674 |
| 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. | $538,446 |
| Compensation of current officers, directors, key employees. | $100,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,299 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,099 |
| Payroll taxes | $109,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,832 |
| Fees for services: Accounting | $45,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214,448 |
| Advertising and promotion | $0 |
| Office expenses | $4,058 |
| Information technology | $81,229 |
| Royalties | $0 |
| Occupancy | $2,377 |
| Travel | $6,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,421 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,995 |
| Insurance | $4,409 |
| All other expenses | $88 |
| Total functional expenses | $1,768,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,478,674 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $964,692 |
| Accounts receivable, net | $11,078 |
| 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 | $3,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $887,460 |
| Other assets | $7,000 |
| Total assets | $3,352,303 |
| Accounts payable and accrued expenses | $3,313 |
| 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 | $29,110 |
| Total liabilities | $32,423 |
| Net assets without donor restrictions | $2,453,805 |
| Net assets with donor restrictions | $866,075 |
| 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 | $3,352,303 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cortico Corporation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Archewell Inc Beverly Hills, CA PURPOSE: INVESTING IN INNOVATE TECH SOLUTIONS TO IMPROVE COMMUNITY ENGAGEMENT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Terc Inc Cambridge, MA | $20,874,819 | $13,653,170 |
Ny Creates Albany, NY | $99,965 | $4,450,000 |
Western New York Technology Development Center Inc Buffalo, NY | $1,286,247 | $2,858,472 |
The Asme Foundation Inc New York, NY | $33,818,246 | $3,028,197 |
Cortico Corporation Boston, MA | $3,352,303 | $987,674 |
Mit Real Estate Foundation Inc Cambridge, MA | $3,185,000 | -$155,000 |
Hudson Valley Technology Development Center Inc Newburgh, NY | $824,479 | $1,255,790 |
International First Committee Association Manchester, NH | $2,287,995 | $919,576 |
Engineering Conferences International Inc New York, NY | $3,118,614 | $313,156 |
Brokaw Family Foundation Merrimack, NH | $4,131,332 | $152,642 |
New Hampshire Tech Alliance Manchester, NH | $288,906 | $429,424 |
Illuminating Engineering Society New York, NY | $1,760,270 | $405,029 |