Cortelyou Educational Foundation INC: FY2020 Nonprofit Profile & Form 990 (EIN 36-4755055)

Revenue by fiscal year
FY2020	$10K
FY2021	$16K
FY2022	$28K

Net assets by fiscal year
FY2020	$42K
FY2021	$58K
FY2022	$77K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Dec 2014.

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

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $2K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

David Bryan

Director

$0Pt VII · Sec A

Leonie Francis

Executive Di

$0Pt VII · Sec A

See Cortelyou Educational Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers children from all backgrounds to excel and reach their full potential.

Questions for Cortelyou Educational Foundation INC

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1 program · in their own filed words · FY2020

01

Weekly classes were held on tuesdays and thursdays, with a focus on dance and theatre. 32 children were served for stem. 16 students were served for performing arts. Through these programs we were able to provide children with extracurricular services they would not have been able to afford.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4755055) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$10K

Ln 12

Gifts and grantsLn 1h$10K

Money outPt IX

$2K

Ln 25

Managementcol C$2K

Owns and owesPt X

$42K

net assets · Ln 32

Cash and savingsLn 1–2$41K

Total assetsLn 16$42K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$10K

Total revenueLn 12$10K

Assets in detailPt X, end of year

CashLn 1$41K

Cash and savings togetherLn 1–2$41K

Land, buildings, equipmentLn 10c$893

Total assetsLn 16$42K

LiabilitiesLn 26$0

Net assetsLn 32$42K

OperationsPt I, VI

EmployeesI 50

VolunteersI 61

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$32K	$41K
Land, buildings, equipmentLn 10c	$1K	$893
Total assetsLn 16	$34K	$42K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$34K	$42K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$2K		$2K
Office expensesLn 13	$36		$36
Depreciation, depletion and amortizationLn 22	$255		$255
Total functional expensesLn 25	$2K	$0	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 LatestFiled with the IRS Aug 17, 2023	$28K			$77K	990 PDF
FY2021Filed with the IRS May 14, 2022	$16K			$58K	990 PDF
FY2020 ViewingFiled with the IRS May 14, 2021	$10K	$2K	$8K	$42K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $10,010 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $28,013$10,010

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $28,013$10,010

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $6,899$1,841

I-18 Total expensesPrior year $6,899$1,841

I-19 Revenue less expensesPrior year $21,114$8,169

Part VI · Governance 2 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $10,010 across 3 lines filed

VIII-1f All other contributions, gifts and grants$10,010

VIII-1h Total contributions, gifts and grants$10,010

VIII-12 Total revenue$10,010

Part IX · Statement of functional expenses $1,841 across 3 lines filed

IX-11c Accounting feesManagement $1,550$1,550

IX-13 Office expensesManagement $36$36

IX-22 Depreciation, depletion and amortizationManagement $255$255

IX-25 Total functional expensesPrograms $0 · Management $1,841 · Fundraising $0$1,841

Part X · Balance sheet $41,808 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $32,492$40,915

X-10c Land, buildings and equipment, netStart of year $1,147$893

X-16 Total assetsStart of year $33,639$41,808

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $33,639$41,808

X-32 Total net assets or fund balancesStart of year $33,639$41,808

X-33 Total liabilities and net assetsStart of year $33,639$41,808

Part XI · Reconciliation of net assets $41,808 net assets at year end

XI-1 Total revenue$10,010

XI-2 Total expenses$1,841

XI-3 Revenue less expenses$8,169

XI-4 Net assets at start of year$33,639

XI-10 Net assets at end of year$41,808

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Cortelyou Educational Foundation INC FY2020 filing

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