Cord Group FY2021 filing

Tax-deductible

Ada, MI501(c)(3)Since 2012Youth DevelopmentEIN 45-4578042

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See program services

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$48K 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

FY2021 · 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
2 of 6
filings with a surplus
Average surplus $73K a year · 8% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 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
$48K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $140K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.10% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-12% vs prior year
Spent
$1.4M
To programs
67%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$2.1M
FY2021▼ -12%
Revenue by fiscal year
FY2020$2.4M
FY2021$2.1M
FY2022$428K
FY2023−$51K
FY2024$308K
FY2025$257K
Expenses
$1.4M
FY2021▲ +70%
Expenses by fiscal year
FY2020$812K
FY2021$1.4M
FY2022$814K
FY2023$644K
FY2024$794K
FY2025$505K
Net assets
$2.2M
FY2021▲ +43%
Net assets by fiscal year
FY2020$1.5M
FY2021$2.2M
FY2022$1.5M
FY2023$1.1M
FY2024$720K
FY2025$484K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2012.

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% · $917K Management & general 33% · $456K Fundraising 0% · $6K

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

3 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation
$48,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David J Ellis’s $48K as President is at the 37th percentile of top reported officer pay among 1992 $100K–1M youth development 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David J Ellis$48,000$48,000$48,000$48,000$48,000$36,000

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 Cord Group 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides resources and support to financially disadvantaged people experiencing life crises.

Provided by the organization

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2 programs · $917K · in their own filed words · FY2021
01

To receive and administer funds and to perform services and to engage in activities in order to play a supporting roll in assisting the poor, disadvantaged and underserved members of our community by coming alongside them with mentoring, personal involvement, financial support, discipleship, and other means, in order to create the…

$906Kprogram expense
02

To receive and adminster funds and to perform services and to engage in activities in order to share the love of jesus christ with at risk adolescents by helping them to see the innate talent and gifting they possess and how they can develop these qualities in order to be successful in life.

$11Kprogram 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 · FY2024
See all 4 funders →
Grants paid · 57 grants · $3.5M · 2020–2025
Unitemized GrantFY2025$230,815
Keystone Community ChurchMI · FY2025$10,000
Two Fish FoundationMI · FY2025$10,000
Figi JeziMI · FY2025$6,960
Unitemized GrantFY2024$474,436
God's Gift FoundationMI · FY2024$50,000
Figi JeziMI · FY2024$16,960
Living Stones AcademyMI · FY2024$7,000
Serenity Christian ChurchMI · FY2024$6,000
Unitemized GrantFY2023$236,207
Jubilee Partners INCGA · FY2023$141,000
Bethel Community EducationMI · FY2023$15,000
Two Fish FoundationMI · FY2023$15,000
Serenity Christian ChurchMI · FY2023$10,000
See all 57 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Other incomeLn 4–11$1.9M
Gifts and grantsLn 1h$207K
Investment incomeLn 3$20K
Money outPt IX
$1.4M
Ln 25
Programscol B$917K
Managementcol C$456K
Fundraisingcol D$6K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$193K
Total assetsLn 16$2.2M
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Investment incomeLn 3$20K
Other incomeLn 4–11$1.9M
Gains on assetsLn 7$953
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$193K
Cash and savings togetherLn 1–2$193K
Other assetsLn 15$2.0M
Total assetsLn 16$2.2M
LiabilitiesLn 26$2K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$274K$193K
Total assetsLn 16$1.5M$2.2M
LiabilitiesLn 26$2K$2K
Net assetsLn 32$1.5M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$495K$495K
Grants to domestic individualsLn 2$366K$366K
Pay of current officers, directors and key staffLn 5$48K$38K$5K$5K
Other salaries and wagesLn 7$8K$6K$756$756
Legal feesLn 11b$100$100
Accounting feesLn 11c$6K$6K
Other expenses (24a–d)Ln 24$455K$11K$444K
All other expensesLn 24e$510$510
Total functional expensesLn 25$1.4M$917K$456K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $257K$505K−$248K$484K 990 PDF
FY2024 $308K$794K−$486K$720K 990 PDF
FY2023 −$51K$644K−$694K$1.1M 990 PDF
FY2022 $428K$814K−$387K$1.5M 990 PDF
FY2021 Viewing $2.1M$1.4M$703K$2.2M 990 PDF
FY2020 $2.4M$812K$1.6M$1.5M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,081,685 across 6 lines filed
VIII-1f All other contributions, gifts and grants$206,542
VIII-1h Total contributions, gifts and grants$206,542
VIII-3 Investment incomeExcluded from tax $18,565$18,565
VIII-7 Net gain or loss on sales of assetsExcluded from tax $953$953
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,857,987 · Excluded from tax −$2,362$1,855,625
VIII-12 Total revenueRelated to mission $0 · Unrelated business $1,857,987 · Excluded from tax $17,156$2,081,685
Part IX · Statement of functional expenses $1,379,163 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $494,746$494,746
IX-2 Grants to domestic individualsPrograms $366,420$366,420
IX-5 Pay of current officers, directors and key staffPrograms $38,400 · Management $4,800 · Fundraising $4,800$48,000
IX-7 Other salaries and wagesPrograms $6,044 · Management $756 · Fundraising $756$7,556
IX-11b Legal feesManagement $100$100
IX-11c Accounting feesManagement $6,389$6,389
IX-24 Other expenses (24a–d)Programs $11,244 · Management $444,198$455,442
IX-24e All other expensesPrograms $510$510
IX-25 Total functional expensesPrograms $917,364 · Management $456,243 · Fundraising $5,556$1,379,163
Part X · Balance sheet $2,176,399 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $274,083$193,090
X-15 Other assetsStart of year $1,252,311$1,983,309
X-16 Total assetsStart of year $1,526,394$2,176,399
X-25 Other liabilitiesStart of year $2,149$2,146
X-26 Total liabilitiesStart of year $2,149$2,146
X-32 Total net assets or fund balancesStart of year $1,524,245$2,174,253
X-33 Total liabilities and net assetsStart of year $1,526,394$2,176,399
Part XI · Reconciliation of net assets $2,174,253 net assets at year end
XI-1 Total revenue$2,081,685
XI-2 Total expenses$1,379,163
XI-3 Revenue less expenses$702,522
XI-4 Net assets at start of year$1,524,245
XI-5 Net unrealized gains (losses) on investments−$52,514
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,174,253

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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