Cortneys Place FY2020 filing

Tax-deductible

Scottsdale, AZ501(c)(3)Since 2007Human ServicesEIN 42-1745079

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Program established to provide what all parents desire for their children: a safe, stimulating and enjoyable community day program for individuals with intellectual and developmental disabilities.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$123K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $8K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$123K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$231K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$943K
Spent
$1.3M
To programs
67%
Net assets
$692K
By yearFY2020–FY2024
Revenue
$943K
FY2020
Revenue by fiscal year
FY2020$943K
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
FY2024$2.0M
Expenses
$1.3M
FY2020
Expenses by fiscal year
FY2020$1.3M
FY2021$1.0M
FY2022$955K
FY2023$1.2M
FY2024$1.5M
FY2024$1.9M
Net assets
$692K
FY2020
Net assets by fiscal year
FY2020$692K
FY2021$736K
FY2022$1.0M
FY2023$1.1M
FY2024$988K
FY2024$1.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2008.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $857K Management & general 23% · $291K Fundraising 10% · $131K

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

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Who runs it and what they're paid

15 people listed on the 990; $123K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$123,406Pt VII · Sec A
Co-Founder
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Chasidy Gray’s $114K as Former Executive Director is at the 48th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michele Shipitofsky—————$123,406
Chasidy Gray$113,602$113,602$103,322$102,082$92,677—

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.

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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 15aYes

Programs and updates

Offers a safe, stimulating, and enjoyable community day program for adults with disabilities.

Provided by the organization

This section is blank until Cortneys Place claims this page.

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1 program service account for $857K of program spending, described in the organization's own filed words · FY2019.
01

The program provided by cortneys place serves 34 adult students with severe disabilities. These amazing individuals will continue to grow through educational, physical, cognitive, and personal development through the projects provided. Musictherapy - on a weekly basis, individuals enjoy listening, singing and playing musical instruments.

$857Kprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$3K
Grants paid · 1 grant · $50K · 2023–2023
Individual RecipientFY2023$50,288

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$943K
Ln 12
Gifts and grantsLn 1h$496K
Fees for servicesLn 2g$472K
Investment incomeLn 3$1K
Money outPt IX
$1.3M
Ln 25
Programscol B$857K
Managementcol C$291K
Fundraisingcol D$131K
Owns and owesPt X
$692K
net assets · Ln 32
Cash and savingsLn 1–2$365K
Total assetsLn 16$923K
LiabilitiesLn 26$231K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$496K
Fundraising eventsLn 1c$271K
Fees for servicesLn 2g$472K
Investment incomeLn 3$1K
Total revenueLn 12$943K
Assets in detailPt X, end of year
CashLn 1$177K
SavingsLn 2$187K
Cash and savings togetherLn 1–2$365K
Land, buildings, equipmentLn 10c$445K
Total assetsLn 16$923K
LiabilitiesLn 26$231K
Net assetsLn 32$692K
OperationsPt I, VI
EmployeesI 555
VolunteersI 615
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 FY20End FY20
Cash and savingsLn 1–2$544K$365K
Land, buildings, equipmentLn 10c$476K$445K
Total assetsLn 16$1.1M$923K
LiabilitiesLn 26$97K$231K
Net assetsLn 32$1.0M$692K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$129K$129K
Other salaries and wagesLn 7$579K$474K$57K$48K
Other employee benefitsLn 9$84K$63K$16K$6K
Payroll taxesLn 10$54K$38K$12K$4K
Legal feesLn 11b$533$533
Accounting feesLn 11c$50K$15K$35K$896
Other fees for servicesLn 11g$46K$16K$31K
Advertising and promotionLn 12$11K$2K$9K
Office expensesLn 13$43K$9K$4K$29K
Information technologyLn 14$9K$3K$4K$2K
OccupancyLn 16$160K$136K$24K$540
TravelLn 17$13K$11K$1K$160
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$38K$38K
InsuranceLn 23$19K$11K$7K$1K
Other expenses (24a–d)Ln 24$40K$38K$1K$446
Total functional expensesLn 25$1.3M$857K$291K$131K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.4M$1.5M−$107K$988K 990 PDF
FY2023 $1.3M$1.2M$91K$1.1M 990 PDF
FY2022 $1.2M$955K$268K$1.0M 990 PDF
FY2021 $1.1M$1.0M$44K$736K 990 PDF
FY2020 Viewing $943K$1.3M−$336K$692K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $943,048 across 7 lines filed
VIII-1c Fundraising events$270,845
VIII-1f All other contributions, gifts and grants$225,075
VIII-1h Total contributions, gifts and grants$495,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $471,575$471,575
VIII-3 Investment incomeExcluded from tax $1,056$1,056
VIII-8 Net income from fundraising eventsExcluded from tax −$25,503−$25,503
VIII-12 Total revenueRelated to mission $471,575 · Unrelated business $0 · Excluded from tax −$24,447$943,048
Part IX · Statement of functional expenses $1,279,389 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $129,446$129,446
IX-7 Other salaries and wagesPrograms $474,451 · Management $56,847 · Fundraising $47,614$578,912
IX-9 Other employee benefitsPrograms $62,683 · Management $15,801 · Fundraising $5,653$84,137
IX-10 Payroll taxesPrograms $38,196 · Management $11,837 · Fundraising $3,633$53,666
IX-11b Legal feesManagement $533$533
IX-11c Accounting feesPrograms $14,696 · Management $34,685 · Fundraising $896$50,277
IX-11g Other fees for servicesPrograms $15,856 · Fundraising $30,605$46,461
IX-12 Advertising and promotionPrograms $2,085 · Fundraising $9,019$11,104
IX-13 Office expensesPrograms $9,079 · Management $4,213 · Fundraising $29,429$42,721
IX-14 Information technologyPrograms $2,713 · Management $4,494 · Fundraising $2,087$9,294
IX-16 OccupancyPrograms $135,755 · Management $24,103 · Fundraising $540$160,398
IX-17 TravelPrograms $11,288 · Management $1,191 · Fundraising $160$12,639
IX-20 InterestPrograms $2,242$2,242
IX-22 Depreciation, depletion and amortizationPrograms $38,473$38,473
IX-23 InsurancePrograms $11,343 · Management $6,728 · Fundraising $1,315$19,386
IX-24 Other expenses (24a–d)Programs $37,895 · Management $1,359 · Fundraising $446$39,700
IX-25 Total functional expensesPrograms $856,755 · Management $291,237 · Fundraising $131,397$1,279,389
Part X · Balance sheet $922,926 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $383,238$177,478
X-2 Savings and temporary cash investmentsStart of year $160,934$187,032
X-3 Pledges and grants receivableStart of year $5,800$22,357
X-4 Accounts receivableStart of year $43,458$54,559
X-9 Prepaid expenses and deferred chargesStart of year $55,802$36,212
X-10c Land, buildings and equipment, netStart of year $475,762$445,288
X-16 Total assetsStart of year $1,124,994$922,926
X-17 Accounts payable and accrued expensesStart of year $34,133$60,235
X-19 Deferred revenueStart of year $5,160$2,841
X-26 Total liabilitiesStart of year $96,968$231,241
X-27 Net assets without donor restrictionsStart of year $1,021,457$666,605
X-28 Net assets with donor restrictionsStart of year $6,569$25,080
X-32 Total net assets or fund balancesStart of year $1,028,026$691,685
X-33 Total liabilities and net assetsStart of year $1,124,994$922,926
Part XI · Reconciliation of net assets $691,685 net assets at year end
XI-1 Total revenue$943,048
XI-2 Total expenses$1,279,389
XI-3 Revenue less expenses−$336,341
XI-4 Net assets at start of year$1,028,026
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$691,685

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

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