Cortneys Place FY2024 filing

Tax-deductible

Scottsdale, AZ501(c)(3)Since 2007Human ServicesEIN 42-1745079Revenue $1.4M in FY2024

On file with the IRScortneysplace.org7000 E Shea Blvd Ste 1430, 85254-5275 · Scottsdale, AZTax-exempt since Nov 2008Publicly supported charity — 170(b)(1)(A)(vi)

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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.
77¢ of each $1 spent went to programs.
$114K 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

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $10K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$114K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% 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
$397K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+11% vs prior year
Spent
$1.5M
To programs
77%
Net assets
$988K
By yearFY2020–FY2025
Revenue
$1.4M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$943K
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
FY2025$2.0M
Expenses
$1.5M
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.0M
FY2022$955K
FY2023$1.2M
FY2024$1.5M
FY2025$1.9M
Net assets
$988K
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$692K
FY2021$736K
FY2022$1.0M
FY2023$1.1M
FY2024$988K
FY2025$1.1M

From the FY2024 Form 990 (year ending June 2024) · 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: FY2025. IRS ruling in Nov 2008.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.1M Management & general 22% · $333K Fundraising 1% · $16K

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

10 people listed on the 990; $114K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director Former
$113,602Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2023
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.

$1.1Mprogram expense

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$37K
Fees for servicesLn 2g$36K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.1M
Managementcol C$333K
Fundraisingcol D$16K
Owns and owesPt X
$988K
net assets · Ln 32
Cash and savingsLn 1–2$428K
Total assetsLn 16$1.4M
LiabilitiesLn 26$397K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$948K
Fees for servicesLn 2g$36K
Investment incomeLn 3$4K
Other incomeLn 4–11$37K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$428K
Cash and savings togetherLn 1–2$428K
Land, buildings, equipmentLn 10c$579K
Other assetsLn 15$237K
Total assetsLn 16$1.4M
LiabilitiesLn 26$397K
Net assetsLn 32$988K
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 FY24End FY24
Cash and savingsLn 1–2$757K$428K
Land, buildings, equipmentLn 10c$356K$579K
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$364K$397K
Net assetsLn 32$1.1M$988K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Pay of current officers, directors and key staffLn 5$123K$123K
Other salaries and wagesLn 7$700K$580K$120K
Other employee benefitsLn 9$68K$56K$12K
Payroll taxesLn 10$62K$39K$23K
Accounting feesLn 11c$20K$6K$14K
Other fees for servicesLn 11g$18K$15K$3K
Office expensesLn 13$27K$12K$6K$9K
OccupancyLn 16$217K$189K$28K
TravelLn 17$32K$30K$2K$39
InterestLn 20$244$244
Depreciation, depletion and amortizationLn 22$65K$65K
InsuranceLn 23$31K$26K$4K
Other expenses (24a–d)Ln 24$84K$80K$4K
Total functional expensesLn 25$1.5M$1.1M$333K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.9M$101K$1.1M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $1,389,350 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,222,297$1,312,763
I-9 Program service revenuePrior year $20,395$36,401
I-10 Investment incomePrior year $1,358$3,670
I-11 Other revenuePrior year $10,945$36,516
I-12 Total revenuePrior year $1,254,995$1,389,350
I-13 Grants and similar amounts paid$50,288
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $784,734$952,439
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $379,253$493,902
I-18 Total expensesPrior year $1,163,987$1,496,629
I-19 Revenue less expensesPrior year $91,008−$107,279
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,389,350 across 7 lines filed
VIII-1e Government grants$948,039
VIII-1f All other contributions, gifts and grants$364,724
VIII-1h Total contributions, gifts and grants$1,312,763
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,401$36,401
VIII-3 Investment incomeRelated to mission $3,670$3,670
VIII-8 Net income from fundraising eventsUnrelated business $36,516$36,516
VIII-12 Total revenueRelated to mission $40,071 · Unrelated business $36,516 · Excluded from tax $0$1,389,350
Part IX · Statement of functional expenses $1,496,629 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $50,288$50,288
IX-5 Pay of current officers, directors and key staffManagement $122,706$122,706
IX-7 Other salaries and wagesPrograms $579,747 · Management $119,895$699,642
IX-9 Other employee benefitsPrograms $55,512 · Management $12,272$67,784
IX-10 Payroll taxesPrograms $38,986 · Management $23,321$62,307
IX-11c Accounting feesPrograms $6,249 · Management $13,921$20,170
IX-11g Other fees for servicesPrograms $14,885 · Fundraising $2,835$17,720
IX-13 Office expensesPrograms $11,741 · Management $6,219 · Fundraising $9,071$27,031
IX-16 OccupancyPrograms $188,665 · Management $28,329$216,994
IX-17 TravelPrograms $29,875 · Management $2,234 · Fundraising $39$32,148
IX-20 InterestPrograms $244$244
IX-22 Depreciation, depletion and amortizationPrograms $64,991$64,991
IX-23 InsurancePrograms $26,450 · Management $4,138$30,588
IX-24 Other expenses (24a–d)Programs $79,734 · Fundraising $4,282$84,016
IX-25 Total functional expensesPrograms $1,147,367 · Management $333,035 · Fundraising $16,227$1,496,629
Part X · Balance sheet $1,385,323 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $756,661$428,121
X-3 Pledges and grants receivableStart of year $76$959
X-4 Accounts receivableStart of year $69,793$124,051
X-9 Prepaid expenses and deferred chargesStart of year $6,804$16,494
X-10c Land, buildings and equipment, netStart of year $355,806$579,057
X-15 Other assetsStart of year $270,013$236,641
X-16 Total assetsStart of year $1,459,153$1,385,323
X-17 Accounts payable and accrued expensesStart of year $73,659$146,376
X-25 Other liabilitiesStart of year $279,786$250,852
X-26 Total liabilitiesStart of year $363,779$397,228
X-27 Net assets without donor restrictionsStart of year $1,077,455$964,387
X-28 Net assets with donor restrictionsStart of year $17,919$23,708
X-32 Total net assets or fund balancesStart of year $1,095,374$988,095
X-33 Total liabilities and net assetsStart of year $1,459,153$1,385,323
Part XI · Reconciliation of net assets $988,095 net assets at year end
XI-1 Total revenue$1,389,350
XI-2 Total expenses$1,496,629
XI-3 Revenue less expenses−$107,279
XI-4 Net assets at start of year$1,095,374
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$988,095

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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