Cora Incorporated EIN 11-3639921

Cora Incorporated FY2020 filing

EIN  11-3639921 Public charity (501(c)(3)) Brooklyn, NY Founded 2001
Form 990 (PDF)
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Size
$100K–1M
What they do
Creates transformative dance experiences, breaking down barriers to art access for diverse communities.
Leadership
Shannon Hummel · Executive/Artistic Director · $60K
Money in and out
$383K revenue, $428K expenses
Bottom line
72% program efficiency

Creates transformative dance experiences, breaking down barriers to art access for diverse communities. For fiscal year 2020 it reported $383K in revenue, $428K in expenses, and $235K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$383K
Pt VIII · Ln 12
Total expenses
$428K
Pt IX · Ln 25
Net assets
$235K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$45K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.22 Fundraising $0.06
Program efficiency
72%
of spending reaches programs
Operating runway
4.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$383K
FY2020
Expenses
$428K
FY2020
Total assets
$286K
FY2020
Total liabilities
$51K
FY2020
Total revenue
$383K
Pt VIII · Ln 12
Total expenses
$428K
Pt IX · Ln 25
Net assets
$235K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$45K
Total assetsPt X · Ln 16$286K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $306K of program spending, described in the organization's own filed words · FY2019.
01

Creation and presentation of dance works. Teaching dance. Providing subsidized studio space to dance companies and artists.

$306Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCora Incorporated
EINHdr · item D11-3639921
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.coradance.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFAug 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive/Artistic Director
$60,500Pt VII · Sec A
Secretary (fy21)
$5,600Pt VII · Sec A
Board Member
$750Pt VII · Sec A
Secretary (fy20) / Board Member (fy21)
$0Pt VII · Sec A
Board Member (fy20) / Vice President (fy21)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (stepped Down Fy20)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shannon Hummel’s $55K as Founder (non-Voting) is at the 47th percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Shannon Hummel$55,344$94,700$100,407$86,429$62,585$60,500
Casey Fodge$81,486$59,000
Nasrene Haj-Yehia$53,600
Peter Farrell$20,843$18,500
Christopher Hammett$17,315
Kelsey Kramer$1,415$2,065$730$1,840$5,600
Nahisha McCoy$750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$324K · 85%
Program service revenue$59K · 15%
Contributions & grants85%$324K
Program service revenue15%$59K
— government grantsLn 1e$123K
Total revenueLn 12$383K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.22 Fundraising $0.06
Program services72%$306K
Management & general22%$95K
Fundraising6%$27K
Total functional expensesLn 25$428K

Balance Sheet

Part X · end of year
CashLn 1$147K
Total assetsLn 16$286K
Total liabilitiesLn 26$51K
Total net assetsLn 32$235K
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $147K · Operating expenses/yr $428K
4.1 months
Where the money goes
Program services
Program services $306K · Total expenses $428K
72%
Management & General
Management & general $95K · Total expenses $428K
22%
Fundraising
Fundraising $27K · Total expenses $428K
6%
Cost to raise $1
Fundraising expense $27K · Solicited contributions $200K
$0.13 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $324K · Total revenue $383K
85%
Government reliance
Government grants $123K · Total revenue $383K
32%
Earned-income share
Program service revenue $59K · Total revenue $383K
15%
Investment reliance
Investment income $0 · Total revenue $383K
0%
Program self-sufficiency
Program service revenue $59K · Total expenses $428K
14%
Growth & trend
Revenue growth (YoY)
This year $383K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $235K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $383K · Expenses $428K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $286K
Net-asset ratio
Net assets $235K · Total assets $286K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $286K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shannon Hummel · Reported title EXECUTIVE/ARTISTIC DIRECTOR · Highest reported compensation $60K · Total expenses $428K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $278K · Total expenses $428K
65%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 22%
Fundraising cost ratio 8%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$598K revenue · ⤓ 990 PDF
FY2023$530K revenue · ⤓ 990 PDF
FY2022$628K revenue · ⤓ 990 PDF
FY2021$389K revenue · ⤓ 990 PDF
FY2020$383K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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