Cordes Foundation EIN 25-1926063 Form 990 (PDF) Claim this org

Cordes Foundation FY2020 filing

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Funds other nonprofits to support their work. For fiscal year 2020 it reported $-105K in revenue, $346K in expenses, and $10.6M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Bethesda, MD
Website
cordesfoundation.org
Filings
5 on file (2020–2020)
Revenue
$-105KFY2020
Expenses
$346K
Net assets
$10.6M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  25-1926063 Private foundation / grantmaker Bethesda, MD
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Funds other nonprofits to support their work.
Leadership
Tim Freundlich · Director
Money in and out
$-105K revenue, $346K expenses
Bottom line
79% program efficiency
Grants paid & assets · FY2020
Total revenue
$-105K
Pt VIII · Ln 12
Total expenses
$346K
Pt IX · Ln 25
Net assets
$10.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$450K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
327.0mo
months of highly liquid reserves at operating expense rate

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$-105K
FY2020
Expenses
$346K
FY2020
Total assets
$10.6M
FY2020
Total liabilities
$-647
FY2020
Total revenue
$-105K
Pt VIII · Ln 12
Total expenses
$346K
Pt IX · Ln 25
Net assets
$10.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$450K
Total assetsPt X · Ln 16$10.6M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCordes Foundation
EINHdr · item D25-1926063
Principal addressHdr · item CBethesda, MD
WebsiteHdr · item Jcordesfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFNov 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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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Mission & Programs · Part III

Where the work happens

1 program service account for $273K of program spending, described in the organization's own filed words · FY2020.
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.

$273Kprogram expense

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$273K
Management & general21%$73K
Total functional expensesLn 25$346K

Balance Sheet

Part X · end of year
CashLn 1$907K
Total assetsLn 16$10.6M
Total liabilitiesLn 26$-647
Total net assetsLn 32$10.6M
Months of cash on handcomputed31.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.4M · Operating expenses/yr $346K
327.0 months
Where the money goes
Program services
Program services $273K · Total expenses $346K
79%
Management & General
Management & general $73K · Total expenses $346K
21%
Fundraising
Fundraising $0 · Total expenses $346K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $-105K
Government reliance
Government grants — · Total revenue $-105K
Earned-income share
Program service revenue $0 · Total revenue $-105K
Investment reliance
Investment income $-105K · Total revenue $-105K
Program self-sufficiency
Program service revenue $0 · Total expenses $346K
0%
Growth & trend
Revenue growth (YoY)
This year $-105K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $10.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-105K · Expenses $346K
Liabilities-to-Assets
Total liabilities — · Total assets $10.6M
Net-asset ratio
Net assets $10.6M · Total assets $10.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.1M · Other securities (Pt X, ln 12) $4.4M · Total assets (Pt X, ln 16) $10.6M
81%
People & payroll
Highest Reported Total Compensation
Individual Tim Freundlich · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $346K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $346K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Investment management fee ratio 0.2%
Legal fee ratio 2%

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 · 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
Women Forward InternationalDC · FY2024$21,000
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 →

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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 (Latest)$1K revenue · ⤓ 990 PDF
FY2023$93K revenue · ⤓ 990 PDF
FY2022$136K revenue · ⤓ 990 PDF
FY2021$583K revenue · ⤓ 990 PDF
FY2020$-105K 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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