philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Kore Foundation INC

Tax-deductible

Gallatinille, TN501(c)(3)International EIN 26-3196544Revenue $1.3M in FY2024Latest return filed Apr 21, 2025

On file with the IRSkorefoundation.orgGallatinille, TNTax-exempt since Oct 2010Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

The organization's primary mission is to offer poverty stricken people a sustainable alternative with the introduction of creative micro-industries, agriculture, and micro-finance.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
4 of 5
filings with a surplus
Average surplus $140K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $1.7M in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $1.7M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $467K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-23% vs prior year
Spent
$1.2M
To programs
90%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.2M
FY2022$1.7M
FY2023$1.8M
FY2024$1.3M
Expenses
$1.2M
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.3M
FY2022$1.4M
FY2023$1.4M
FY2024$1.2M
Net assets
$1.7M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$907K
FY2022$1.2M
FY2023$1.6M
FY2024$1.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2010.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.0M Management & general 6% · $74K Fundraising 4% · $44K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
John Carter
Treasurer
$0Pt VII · Sec A
Randy Hale
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Moore
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Rick Wood
Director
$0Pt VII · Sec A
See Kore Foundation INC executive salaries →

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 15aYes

Programs and updates

Empowers impoverished people with micro-industries, agriculture, and micro-finance for sustainable alternatives.

Questions for Kore Foundation INC

Tap to ask. Kore Foundation INC sees how many people are interested.

Your first name shows with your question. Kore Foundation INC answers here, for everyone.

2 programs · $1.0M · in their own filed words · FY2024
01

The organization funds the small holder poultry program (shpe), located in haiti and partnered with kore lakay the shpe provides haitians the necessary training, financing and oversight to begin his or her own agribusiness. This will provide opportunities for these families to become economically self-reliant.

$1.0Mprogram expense
02

The protein feeding program, located in haiti and partnered with kore lakay, provides animal protein to 10,000 children who otherwise would not have access to it. Poultry and eggs are purchased from shpe farmers and distributed to malnourished children and elderly in several regions of haiti.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Natl Christian Charitable Fdn INCFY2024$361K
Network for Good INCFY2024$41K
James R Ryan Family FoundationFY2024$25K
Carolyn Smith FoundationFY2024$15K
Vanguard Charitable Endowment ProgramFY2024$10K
The US Charitable Gift TrustFY2024$8K
Fidelity Investments Charitable Gift FundFY2024$6K
The Watterson Family FoundationFY2024$2K
Total grants receivedfrom 8 funders$467K
See all 8 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$75K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$74K
Fundraisingcol D$44K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$1.7M
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$75K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$44K
Cash and savings togetherLn 1–2$44K
Accounts receivableLn 4$17K
Land, buildings, equipmentLn 10c$359
InvestmentsLn 11–13$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$3K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$712K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$159K$44K
InvestmentsLn 11–13$1.4M$1.7M
Land, buildings, equipmentLn 10c$750$359
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$10K$3K
Net assetsLn 32$1.6M$1.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$712K$712K
Other salaries and wagesLn 7$296K$213K$42K$41K
Payroll taxesLn 10$17K$12K$3K$2K
Accounting feesLn 11c$14K$11K$3K$48
Other fees for servicesLn 11g$63K$63K
Office expensesLn 13$39K$14K$25K$421
TravelLn 17$17K$17K
Depreciation, depletion and amortizationLn 22$391$391
Other expenses (24a–d)Ln 24$4K$3K$1K
Total functional expensesLn 25$1.2M$1.0M$74K$44K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Apr 21, 2025 $1.3M$1.2M$184K$1.7M 990 PDF
FY2023Filed with the IRS Mar 2, 2024 $1.8M$1.4M$400K$1.6M 990 PDF
FY2022Filed with the IRS Jun 7, 2023 $1.7M$1.4M$253K$1.2M 990 PDF
FY2021Filed with the IRS Sep 2, 2022 $1.2M$1.3M−$154K$907K 990 PDF
FY2020Filed with the IRS Sep 13, 2021 $1.5M$1.5M$17K$1.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,346,897 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,697,103$1,272,156
I-9 Program service revenue$0
I-10 Investment incomePrior year $63,035$74,741
I-11 Other revenue$0
I-12 Total revenuePrior year $1,760,138$1,346,897
I-13 Grants and similar amounts paidPrior year $869,703$711,564
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $323,106$313,419
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $167,660$137,473
I-18 Total expensesPrior year $1,360,469$1,162,456
I-19 Revenue less expensesPrior year $399,669$184,441
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,346,897 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,272,156
VIII-1h Total contributions, gifts and grants$1,272,156
VIII-3 Investment incomeExcluded from tax $74,741$74,741
VIII-12 Total revenueExcluded from tax $74,741$1,346,897
Part IX · Statement of functional expenses $1,162,456 across 9 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $711,564$711,564
IX-7 Other salaries and wagesPrograms $213,496 · Management $41,810 · Fundraising $41,066$296,372
IX-10 Payroll taxesPrograms $11,715 · Management $3,081 · Fundraising $2,251$17,047
IX-11c Accounting feesPrograms $11,315 · Management $2,862 · Fundraising $48$14,225
IX-11g Other fees for servicesPrograms $62,600$62,600
IX-13 Office expensesPrograms $13,553 · Management $25,308 · Fundraising $421$39,282
IX-17 TravelPrograms $16,941$16,941
IX-22 Depreciation, depletion and amortizationManagement $391$391
IX-24 Other expenses (24a–d)Programs $3,025 · Management $1,009$4,034
IX-25 Total functional expensesPrograms $1,044,209 · Management $74,461 · Fundraising $43,786$1,162,456
Part X · Balance sheet $1,746,711 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $159,482$44,040
X-4 Accounts receivableStart of year $7,024$16,799
X-10c Land, buildings and equipment, netStart of year $750$359
X-12 Other securitiesStart of year $1,401,514$1,685,513
X-16 Total assetsStart of year $1,569,863$1,746,711
X-17 Accounts payable and accrued expensesStart of year $336$2,601
X-26 Total liabilitiesStart of year $10,194$2,601
X-27 Net assets without donor restrictionsStart of year $1,559,669$1,744,110
X-32 Total net assets or fund balancesStart of year $1,559,669$1,744,110
X-33 Total liabilities and net assetsStart of year $1,569,863$1,746,711
Part XI · Reconciliation of net assets $1,744,110 net assets at year end
XI-1 Total revenue$1,346,897
XI-2 Total expenses$1,162,456
XI-3 Revenue less expenses$184,441
XI-4 Net assets at start of year$1,559,669
XI-10 Net assets at end of year$1,744,110

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.