Core INC EIN 30-0526171 Form 990 (PDF) Claim this org

Core INC FY2021 filing

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Trains individuals with disabilities in real-world settings to foster independence. For fiscal year 2021 it reported $578K in revenue, $366K in expenses, and $291K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Fort Wayne, IN
Website
corevocationaltraining.org
Filings
3 on file (2020–2021)
Revenue
$578KFY2021
Expenses
$366K
Net assets
$291K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  30-0526171 Public charity (501(c)(3)) Fort Wayne, IN
Form 990 (PDF)
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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
$578K revenue, $366K expenses
Bottom line
68% program efficiency
Where the money goes · FY2021
Total revenue
$578K
Pt VIII · Ln 12
Total expenses
$366K
Pt IX · Ln 25
Net assets
$291K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $213K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32 Fundraising $0.00
Program efficiency
68%
of spending reaches programs
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+37%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$578K
FY2021▲ +68%
Expenses
$366K
FY2021▲ +18%
Total assets
$300K
FY2021▲ +118%
Total liabilities
$9K
FY2021▼ -85%
Total revenue
$578K
Pt VIII · Ln 12
Total expenses
$366K
Pt IX · Ln 25
Net assets
$291K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$213K
Total assetsPt X · Ln 16$300K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $249K of program spending, described in the organization's own filed words · FY2021.
01

CORE received a three-year accreditation from CARF (Commission on Accreditation of Rehabilitation Facilities). Served 142 participants (an increase of 49 participants from previous year), placed 37 in meaningful employment (an increase of 18 participants from previous year.

$249Kprogram 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
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Core INC executive salaries →

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Statement of Revenue

Part VIII
Program service revenue100%$578K
Total revenueLn 12$578K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32 Fundraising $0.00
Program services68%$249K
Management & general32%$117K
Fundraising$95
Total functional expensesLn 25$366K

Balance Sheet

Part X · end of year
CashLn 1$287K
Total assetsLn 16$300K
Total liabilitiesLn 26$9K
Total net assetsLn 32$291K
Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $287K · Operating expenses/yr $366K
9.4 months
Where the money goes
Program services
Program services $249K · Total expenses $366K
68%
Management & General
Management & general $117K · Total expenses $366K
32%
Fundraising
Fundraising $95 · Total expenses $366K
0.03%
Cost to raise $1
Fundraising expense (2-yr avg) $835 · Solicited contributions (2-yr avg) $36K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $578K
0%
Government reliance
Government grants — · Total revenue $578K
Earned-income share
Program service revenue $578K · Total revenue $578K
100%
Investment reliance
Investment income $0 · Total revenue $578K
0%
Program self-sufficiency
Program service revenue $578K · Total expenses $366K
158%
Growth & trend
Revenue growth (YoY)
This year $578K · Prior year $345K
+68%
Net-asset trend (YoY)
End of year $291K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $578K · Expenses $366K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $300K
Net-asset ratio
Net assets $291K · Total assets $300K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $300K
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 $366K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $310K · Total expenses $366K
85%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Revenue growth 68%
Accounting 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 · 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 · ⤓ 990 PDF
FY2022not on file
FY2021$578K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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