The Core Foundation

Chicago, ILUnknown exempt organizationEIN 36-3991833

To promote and support the work of an outpatient facility.

100¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $5.1M a year · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 0.6% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 9 voting members
Worth a look: 3 of 9 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$58K
-85% vs prior year
Spent
$10.7M
To programs
100%
Net assets
$0
By yearFY2020–FY2023
Revenue
$58K
FY2023▼ -85%
Revenue by fiscal year
FY2020$3.1M
FY2021−$7.2M
FY2022$392K
FY2023$58K
Expenses
$10.7M
FY2023▲ +537%
Expenses by fiscal year
FY2020$1.8M
FY2021$2.8M
FY2022$1.7M
FY2023$10.7M
Net assets
$0
FY2023▼ -100%
Net assets by fiscal year
FY2020$22.9M
FY2021$13.7M
FY2022$10.9M
FY2023$0

From the FY2023 Form 990 (year ending June 2023) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $10.6M Management & general 0% · $31K

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

Who runs it and what they're paid

2 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$68,430Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2020
Esther Joo$68,430$119,114

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.

See The Core Foundation executive salaries →

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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 15aNo

Programs and updates

Supports an outpatient facility's work.

Provided by the organization

This section is blank until The Core Foundation claims this page.

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1 program service account for $10.6M of program spending, described in the organization's own filed words · FY2022.
01

Provided support for the CORE Center's research activities.

$10.6Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $1.2M · 2020–2021
Hektoen Institute LLCFY2021$1,179,755
Hektoen Institute LLCFY2020$10,371

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$58K
Ln 12
Investment incomeLn 3$44K
Other incomeLn 4–11$12K
Fees for servicesLn 2g$2K
Money outPt IX
$10.7M
Ln 25
Programscol B$10.6M
Managementcol C$31K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2K
Investment incomeLn 3$44K
Other incomeLn 4–11$12K
Gains on assetsLn 7−$26K
Total revenueLn 12$58K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$409K$0
InvestmentsLn 11–13$10.4M$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$11.0M$0
LiabilitiesLn 26$79K$0
Net assetsLn 32$10.9M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Pay of current officers, directors and key staffLn 5$68K$68K
Payroll taxesLn 10$14K$14K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$25K$25K
Other fees for servicesLn 11g$28K$28K
Office expensesLn 13$394$394
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$10.5M$10.5M
All other expensesLn 24e$150$150
Total functional expensesLn 25$10.7M$10.6M$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $58K$10.7M−$10.6M$0 990 PDF
FY2022 $392K$1.7M−$1.3M$10.9M 990 PDF
FY2021 −$7.2M$2.8M−$10.0M$13.7M 990 PDF
FY2020 $3.1M$1.8M$1.4M$22.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $57,746 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,088$2,088
VIII-3 Investment incomeExcluded from tax $70,447$70,447
VIII-7 Net gain or loss on sales of assetsRelated to mission −$26,482−$26,482
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,693$11,693
VIII-12 Total revenueRelated to mission −$12,701 · Unrelated business $0 · Excluded from tax $70,447$57,746
Part IX · Statement of functional expenses $10,665,702 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $24,982$24,982
IX-5 Pay of current officers, directors and key staffPrograms $68,430$68,430
IX-10 Payroll taxesPrograms $14,023$14,023
IX-11c Accounting feesManagement $6,349$6,349
IX-11f Investment management feesManagement $24,675$24,675
IX-11g Other fees for servicesPrograms $28,380$28,380
IX-13 Office expensesManagement $394$394
IX-23 InsurancePrograms $6,574$6,574
IX-24 Other expenses (24a–d)Programs $10,491,745$10,491,745
IX-24e All other expensesPrograms $150$150
IX-25 Total functional expensesPrograms $10,634,284 · Management $31,418 · Fundraising $0$10,665,702
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $408,646$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $13,552$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $160$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $10,364,959$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $198,702$0
X-16 Total assetsStart of year $10,986,019$0
X-26 Total liabilitiesStart of year $78,878$0
X-27 Net assets without donor restrictionsStart of year $10,907,141$22,684,413
X-28 Net assets with donor restrictions−$22,684,413
X-32 Total net assets or fund balancesStart of year $10,907,141$0
X-33 Total liabilities and net assetsStart of year $10,986,019$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$57,746
XI-2 Total expenses$10,665,702
XI-3 Revenue less expenses−$10,607,956
XI-4 Net assets at start of year$10,907,141
XI-5 Net unrealized gains (losses) on investments−$299,185
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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