Core INC EIN 30-0526171

Core INC

EIN  30-0526171 Public charity (501(c)(3)) Fort Wayne, IN
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Size
$100K–1M
What they do
Trains individuals with disabilities in real-world settings to foster independence.
Leadership
Lori Heiges · Exec Director
Money in and out
$586K revenue, $495K expenses
Bottom line
82% program efficiency

Trains individuals with disabilities in real-world settings to foster independence. For fiscal year 2023 it reported $586K in revenue, $495K in expenses, and $501K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$586K
Pt VIII · Ln 12
Total expenses
$495K
Pt IX · Ln 25
Net assets
$501K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $91K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▲ +21% vs prior filing year
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate▲ +24% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▼ -58% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$586K
FY2023▲ +1%
Expenses
$495K
FY2023▲ +35%
Total assets
$514K
FY2023▲ +72%
Total liabilities
$13K
FY2023▲ +41%
Total revenue
$586K
Pt VIII · Ln 12
Total expenses
$495K
Pt IX · Ln 25
Net assets
$501K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$91K
Total assetsPt X · Ln 16$514K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $407K of program spending, described in the organization's own filed words · FY2023.
01

CORE Served 158 participants while serving 13 counties in Indiana. CORE was able to place 29 participants in jobs with five of the 29 receiving meanigful full time employment. The organization was able to complete stabilization and close 13 cases. CORE also sucessfully opened a new division in Georgia.

$381Kprogram expense
02

Core georgia began operations on march 31, 2023. In eight months of operations they received 18 referrals served 10 counties in georgia. In these 10 counties they were able to partner with businesess to place 5 participants in meanigful employment.

$26Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCore INC
EINHdr · item D30-0526171
Principal addressHdr · item CFort Wayne, IN
WebsiteHdr · item Jcorevocationaltraining.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B19)
Ruling yearIRS BMFMar 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Exec Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President - Ga
$0Pt VII · Sec A
Treasurer - Ga
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Program Director - Ga
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$586K
Investment income$96
Total revenueLn 12$586K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$407K
Management & general18%$87K
Total functional expensesLn 25$495K

Balance Sheet

Part X · end of year
CashLn 1$483K
Total assetsLn 16$514K
Total liabilitiesLn 26$13K
Total net assetsLn 32$501K
Months of cash on handcomputed11.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $483K · Operating expenses/yr $495K
11.7 months
Where the money goes
Program services
Program services $407K · Total expenses $495K
82%
Management & General
Management & general $87K · Total expenses $495K
18%
Fundraising
Fundraising $0 · Total expenses $495K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $48 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $586K
0%
Government reliance
Government grants — · Total revenue $586K
Earned-income share
Program service revenue $586K · Total revenue $586K
100%
Investment reliance
Investment income $96 · Total revenue $586K
0%
Program self-sufficiency
Program service revenue $586K · Total expenses $495K
118%
Growth & trend
Revenue growth (YoY)
This year $586K · Prior year $578K
+1%
Net-asset trend (YoY)
End of year $501K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $586K · Expenses $495K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $514K
Net-asset ratio
Net assets $501K · Total assets $514K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $514K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lori Heiges · Reported title EXEC DIRECTOR · Highest reported compensation $0 · Total expenses $495K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $380K · Total expenses $495K
77%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Revenue growth 1%
Legal fee ratio 0%
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
FY2023 (Latest)$586K revenue · viewing · ⤓ 990 PDF
FY2022not on file
FY2021$578K revenue · ⤓ 990 PDF
FY2020$345K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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