Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
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
33 people listed on the 990; $1.0M paid to officers and key staff.
Sam Fiorello’s $509K as President & CEO is at the 78th percentile of top reported officer pay among 572 $10–100M community development 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Sam Fiorello | $509,174 | $456,500 | $415,000 | $415,000 | $323,269 |
| Mike Bozovich | $316,023 | $271,103 | $195,361 | $170,481 | $156,000 |
| Natalie Self | $230,584 | $210,977 | $191,923 | — | — |
| Margaret Crane | $201,670 | $177,819 | — | — | — |
| Dennis Lower | — | — | — | — | $194,264 |
| Michael Sullivan | — | — | — | $189,479 | $189,479 |
| Brian Russell | $183,617 | $174,125 | $172,125 | $106,731 | — |
| Gabriela Ramirez-Arellano | $137,897 | $129,542 | $127,994 | $101,115 | — |
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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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
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Fosters bioscience and tech innovation, research, and commercialization, revitalizing urban areas.
Questions for Cortex
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In addition to cortex's ACQUISITION/DEVELOPMENT of real estate and the promotion of development activities of the cortex innovation district, cortex serves as the manager of ST. Louis land company, L.L.C.
Entrepreneurial development program- start-up connection
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $1.0M |
| Land, buildings, equipmentLn 10c | $48.8M | $47.2M |
| Total assetsLn 16 | $88.5M | $85.9M |
| LiabilitiesLn 26 | $49.1M | $50.4M |
| Net assetsLn 32 | $39.4M | $35.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $17K | $17K | ||
| Pay of current officers, directors and key staffLn 5 | $929K | $790K | $136K | $3K |
| Other salaries and wagesLn 7 | $159K | $109K | $34K | $16K |
| Pension plan contributionsLn 8 | $98K | $81K | $15K | $2K |
| Other employee benefitsLn 9 | $257K | $212K | $40K | $4K |
| Payroll taxesLn 10 | $4K | $3K | $593 | $66 |
| Management feesLn 11a | $115K | $115K | ||
| Legal feesLn 11b | $153K | $76K | $76K | |
| Accounting feesLn 11c | $44K | $22K | $22K | |
| Other fees for servicesLn 11g | $556K | $507K | $49K | |
| Advertising and promotionLn 12 | $115K | $104K | $12K | |
| Office expensesLn 13 | $9K | $9K | ||
| Information technologyLn 14 | $73K | $33K | $40K | |
| OccupancyLn 16 | $896K | $813K | $84K | |
| TravelLn 17 | $2K | $1K | $341 | |
| InterestLn 20 | $1.2M | $1.2M | ||
| Depreciation, depletion and amortizationLn 22 | $1.7M | $1.4M | $346K | |
| InsuranceLn 23 | $83K | $66K | $17K | |
| Other expenses (24a–d)Ln 24 | $957K | $914K | $43K | |
| All other expensesLn 24e | $43K | $43K | ||
| Total functional expensesLn 25 | $7.4M | $6.5M | $903K | $37K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $12.3M | $12.8M | −$564K | $65.4M | 990 PDF |
| FY2023 | $17.2M | $10.4M | $6.8M | $65.9M | 990 PDF |
| FY2022 | $34.9M | $8.5M | $26.4M | $59.1M | 990 PDF |
| FY2021 | $5.3M | $7.5M | −$2.2M | $33.1M | 990 PDF |
| FY2020 Viewing | $3.5M | $7.4M | −$4.0M | $35.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $3,475,450 revenue, 12 lines filed
Part VI · Governance 28 of 29 board members independent, 1 to look at
Part VIII · Statement of revenue $3,475,450 across 8 lines filed
Part IX · Statement of functional expenses $7,435,642 across 20 lines filed
Part X · Balance sheet $85,853,341 assets, 13 lines filed
Part XI · Reconciliation of net assets $35,444,464 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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