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Cordes Foundation

Tax-deductible

Bethesda, MD501(c)(3)Foundations & GrantmakersEIN 25-1926063Revenue $1K in FY2024

On file with the IRScordesfoundation.org4340 East West Hwy Ste 210, 20814-4653 · Bethesda, MDTax-exempt since Nov 2025Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $284K a year · 201% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$57K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1K
-99% vs prior year
Spent
$520K
To programs
79%
Net assets
$10.4M
By yearFY2020–FY2024
Revenue
$1K
FY2024▼ -99%
Tap a bar for its year
Revenue by fiscal year
FY2020−$105K
FY2021$583K
FY2022$136K
FY2023$93K
FY2024$1K
Expenses
$520K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$346K
FY2021$438K
FY2022$279K
FY2023$546K
FY2024$520K
Net assets
$10.4M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.6M
FY2021$10.8M
FY2022$8.9M
FY2023$9.2M
FY2024$10.4M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $410K Management & general 21% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Rebecca Gelb
Secretary & Treasurer
$0Pt VII · Sec A
Ronald Cordes
President
$0Pt VII · Sec A
Marty Cordes
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cordes Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds other nonprofits to support their work.

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Provided by the organization

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1 program · $410K · in their own filed words · FY2024
01

The cordes foundation connects social entrepreneurs with the right resources and stakeholders, convenes events that enhance and strengthen the impact investing and social entrepreneurial ecosystems and catalyzes 100% of our balance sheet to elevate the role of women globally.

$410Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 64 grants · $1.4M · 2020–2024
RemakeCA · FY2024$39,000
Nest INCNY · FY2024$35,000
Lynn University INCFL · FY2024$26,500
Eaa FoundationWA · FY2024$25,650
Guitars Over Guns Organization INCFL · FY2024$25,000
Sponsors for Educational Opportunity INCNY · FY2024$25,000
Women Forward InternationalDC · FY2024$21,000
Fuller Project for International Reporting INCMD · FY2024$20,000
Creating Hope InternationalMI · FY2024$20,000
Giving Back Fund INCMA · FY2024$12,000
Model Alliance INCNY · FY2024$10,000
Confluence Philanthropy INCNY · FY2024$10,000
Conprmetidos CorpPR · FY2024$10,000
XslavesorgCA · FY2024$10,000
Women Moving Millions INCNY · FY2024$10,000
Indego Africa ProjectNY · FY2024$10,000
Central Park Conservancy INCNY · FY2024$10,000
McE Social CapitalCA · FY2024$8,450
See all 64 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1K
Ln 12
Investment incomeLn 3$1K
Money outPt IX
$520K
Ln 25
Programscol B$410K
Managementcol C$110K
Owns and owesPt X
$10.4M
net assets · Ln 32
Cash and savingsLn 1–2$391K
Total assetsLn 16$10.5M
LiabilitiesLn 26$57K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1K
Gains on assetsLn 7−$152K
Total revenueLn 12$1K
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$301K
Cash and savings togetherLn 1–2$391K
InvestmentsLn 11–13$10.1M
Total assetsLn 16$10.5M
LiabilitiesLn 26$57K
Net assetsLn 32$10.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$194K$391K
InvestmentsLn 11–13$8.9M$10.1M
Total assetsLn 16$9.2M$10.5M
LiabilitiesLn 26−$14K$57K
Net assetsLn 32$9.2M$10.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$384K$384K
Legal feesLn 11b$3K$1K$2K
Investment management feesLn 11f$90K$25K$65K
Office expensesLn 13$477$4$473
TravelLn 17$1K$29$1K
Other expenses (24a–d)Ln 24$40K$197$40K
Total functional expensesLn 25$520K$410K$110K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1K$520K−$518K$10.4M 990 PDF
FY2023 $93K$546K−$453K$9.2M 990 PDF
FY2022 $136K$279K−$143K$8.9M 990 PDF
FY2021 $583K$438K$145K$10.8M 990 PDF
FY2020 −$105K$346K−$450K$10.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,200 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $93,296$1,200
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $93,296$1,200
I-13 Grants and similar amounts paidPrior year $407,993$383,933
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $138,113$135,609
I-18 Total expensesPrior year $546,106$519,542
I-19 Revenue less expensesPrior year −$452,810−$518,342
Part VI · Governance 7 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,200 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $153,542$153,542
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$152,342−$152,342
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,200$1,200
Part IX · Statement of functional expenses $519,542 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $383,933$383,933
IX-11b Legal feesPrograms $1,049 · Management $2,385$3,434
IX-11f Investment management feesPrograms $24,701 · Management $65,320$90,021
IX-13 Office expensesPrograms $4 · Management $473$477
IX-17 TravelPrograms $29 · Management $1,460$1,489
IX-24 Other expenses (24a–d)Programs $197 · Management $39,991$40,188
IX-25 Total functional expensesPrograms $409,913 · Management $109,629 · Fundraising $0$519,542
Part X · Balance sheet $10,455,929 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $26,759$90,141
X-2 Savings and temporary cash investmentsStart of year $167,059$301,135
X-11 Publicly traded securitiesStart of year $4,194,775$4,936,697
X-12 Other securitiesStart of year $4,561,106$3,982,818
X-13 Program-related investmentsStart of year $145,850$1,145,138
X-16 Total assetsStart of year $9,150,480$10,455,929
X-17 Accounts payable and accrued expensesStart of year −$14,455$57,013
X-26 Total liabilitiesStart of year −$14,455$57,013
X-27 Net assets without donor restrictionsStart of year $9,164,935$10,398,916
X-32 Total net assets or fund balancesStart of year $9,164,935$10,398,916
X-33 Total liabilities and net assetsStart of year $9,150,480$10,455,929
Part XI · Reconciliation of net assets $10,398,916 net assets at year end
XI-1 Total revenue$1,200
XI-2 Total expenses$519,542
XI-3 Revenue less expenses−$518,342
XI-4 Net assets at start of year$9,164,935
XI-5 Net unrealized gains (losses) on investments$1,752,323
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,398,916

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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