The Core Foundation FY2022 filing

Chicago, ILUnknown exempt organizationEIN 36-3991833

To promote and support the work of an outpatient facility.

80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$79K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
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
$392K
+105% vs prior year
Spent
$1.7M
To programs
80%
Net assets
$10.9M
By yearFY2020–FY2023
Revenue
$392K
FY2022▲ +105%
Revenue by fiscal year
FY2020$3.1M
FY2021−$7.2M
FY2022$392K
FY2023$58K
Expenses
$1.7M
FY2022▼ -41%
Expenses by fiscal year
FY2020$1.8M
FY2021$2.8M
FY2022$1.7M
FY2023$10.7M
Net assets
$10.9M
FY2022▼ -20%
Net assets by fiscal year
FY2020$22.9M
FY2021$13.7M
FY2022$10.9M
FY2023$0

From the FY2022 Form 990 (year ending June 2022) · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

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

80 cents of each dollar spent went to programs.

Program services 80% · $1.3M Management & general 20% · $328K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board of Directors
$0Pt VII · Sec A
Executive Director
$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 $1.3M of program spending, described in the organization's own filed words · FY2021.
01

Provided support for the CORE Center's research activities.

$1.3Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$392K
Ln 12
Investment incomeLn 3$339K
Fees for servicesLn 2g$52K
Other incomeLn 4–11$2K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$328K
Owns and owesPt X
$10.9M
net assets · Ln 32
Cash and savingsLn 1–2$409K
Total assetsLn 16$11.0M
LiabilitiesLn 26$79K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11
Fees for servicesLn 2g$52K
Investment incomeLn 3$339K
Other incomeLn 4–11$2K
Gains on assetsLn 7$93K
Total revenueLn 12$392K
Assets in detailPt X, end of year
CashLn 1$409K
Cash and savings togetherLn 1–2$409K
InvestmentsLn 11–13$10.4M
Other assetsLn 15$199K
Total assetsLn 16$11.0M
LiabilitiesLn 26$79K
Net assetsLn 32$10.9M
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 FY22End FY22
Cash and savingsLn 1–2$822K$409K
InvestmentsLn 11–13$12.5M$10.4M
Total assetsLn 16$13.7M$11.0M
LiabilitiesLn 26$67K$79K
Net assetsLn 32$13.7M$10.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$162K$162K
Payroll taxesLn 10$36K$36K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$76K$76K
Other fees for servicesLn 11g$100$100
Office expensesLn 13$3K$3K$380
TravelLn 17$2K$2K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$165K$162K$2K
Total functional expensesLn 25$1.7M$1.3M$328K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $58K$10.7M−$10.6M$0 990 PDF
FY2022 Viewing $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $391,940 across 7 lines filed
VIII-1f All other contributions, gifts and grants$11
VIII-1h Total contributions, gifts and grants$11
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $51,830$51,830
VIII-3 Investment incomeExcluded from tax $245,975$245,975
VIII-7 Net gain or loss on sales of assetsExcluded from tax $92,624$92,624
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,500$1,500
VIII-12 Total revenueRelated to mission $53,330 · Unrelated business $0 · Excluded from tax $338,599$391,940
Part IX · Statement of functional expenses $1,674,305 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $1,179,755$1,179,755
IX-5 Pay of current officers, directors and key staffManagement $161,950$161,950
IX-10 Payroll taxesManagement $36,468$36,468
IX-11b Legal feesManagement $26,355$26,355
IX-11c Accounting feesManagement $14,119$14,119
IX-11f Investment management feesManagement $75,504$75,504
IX-11g Other fees for servicesManagement $100$100
IX-13 Office expensesPrograms $2,882 · Management $380$3,262
IX-17 TravelPrograms $1,533$1,533
IX-23 InsuranceManagement $10,748$10,748
IX-24 Other expenses (24a–d)Programs $162,479 · Management $2,032$164,511
IX-25 Total functional expensesPrograms $1,346,649 · Management $327,656 · Fundraising $0$1,674,305
Part X · Balance sheet $10,986,019 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $822,218$408,646
X-4 Accounts receivableStart of year $16,646$13,552
X-9 Prepaid expenses and deferred chargesStart of year $15,710$160
X-11 Publicly traded securitiesStart of year $12,545,298$10,364,959
X-15 Other assetsStart of year $207,797$198,702
X-16 Total assetsStart of year $13,733,031$10,986,019
X-17 Accounts payable and accrued expensesStart of year $67,135$78,878
X-26 Total liabilitiesStart of year $67,135$78,878
X-27 Net assets without donor restrictionsStart of year $13,665,896$10,907,141
X-32 Total net assets or fund balancesStart of year $13,665,896$10,907,141
X-33 Total liabilities and net assetsStart of year $13,733,031$10,986,019
Part XI · Reconciliation of net assets $10,907,141 net assets at year end
XI-1 Total revenue$391,940
XI-2 Total expenses$1,674,305
XI-3 Revenue less expenses−$1,282,365
XI-4 Net assets at start of year$13,665,896
XI-5 Net unrealized gains (losses) on investments−$1,476,390
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,907,141

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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