Economic Development

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
6 of 6
filings with a surplus
Average surplus $39K a year · 30% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$529K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 7 voting members
Looks good: 4 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$98K
Spent
$75K
To programs
100%
Net assets
$526K
By yearFY2020–FY2025
Revenue
$98K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$98K
FY2021$115K
FY2022$106K
FY2023$95K
FY2024$175K
FY2025$178K
Expenses
$75K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$75K
FY2021$71K
FY2022$61K
FY2023$59K
FY2024$138K
FY2025$129K
Net assets
$526K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$526K
FY2021$548K
FY2022$594K
FY2023$707K
FY2024$743K
FY2025$783K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 2004.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $75K

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

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See Corinthian Development Corporation 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

Corinthian Development Corporation is a religious organization based in Louisville, KY.

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Provided by the organization

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1 program · $75K · in their own filed words · FY2020
01

Provided educational, recreational and social and health programs to over 250 individuals.

$75Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$98K
Ln 12
Gifts and grantsLn 1h$98K
Money outPt IX
$75K
Ln 25
Programscol B$75K
Owns and owesPt X
$526K
net assets · Ln 32
Total assetsLn 16$1.1M
LiabilitiesLn 26$529K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Total revenueLn 12$98K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$529K
Net assetsLn 32$526K
OperationsPt I, VI
EmployeesI 50
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
LineStart FY20End FY20
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$567K$529K
Net assetsLn 32$488K$526K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$41K$41K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$34K$34K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$75K$75K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $178K$129K$49K$783K 990 PDF
FY2024 $175K$138K$36K$743K 990 PDF
FY2023 $95K$59K$36K$707K 990 PDF
FY2022 $106K$61K$45K$594K 990 PDF
FY2021 $115K$71K$44K$548K 990 PDF
FY2020 Viewing $98K$75K$23K$526K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $98,191 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $81,011$98,191
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$45,616$0
I-12 Total revenuePrior year $35,395$98,191
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 expenses$75,370
I-18 Total expenses$75,370
I-19 Revenue less expensesPrior year $35,395$22,821
Part VI · Governance 4 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members4
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 $98,191 across 3 lines filed
VIII-1d Related organizations$98,191
VIII-1h Total contributions, gifts and grants$98,191
VIII-12 Total revenue$98,191
Part IX · Statement of functional expenses $75,370 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $41,215$41,215
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $34,155$34,155
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $75,370 · Management $0 · Fundraising $0$75,370
Part X · Balance sheet $1,055,039 assets, 6 lines filed
X-10c Land, buildings and equipment, netStart of year $1,055,039$1,055,039
X-16 Total assetsStart of year $1,055,039$1,055,039
X-26 Total liabilitiesStart of year $567,086$529,488
X-27 Net assets without donor restrictionsStart of year $487,953$525,551
X-32 Total net assets or fund balancesStart of year $487,953$525,551
X-33 Total liabilities and net assetsStart of year $1,055,039$1,055,039
Part XI · Reconciliation of net assets $525,551 net assets at year end
XI-1 Total revenue$98,191
XI-2 Total expenses$75,370
XI-3 Revenue less expenses$22,821
XI-4 Net assets at start of year$487,953
XI-6 Donated services and use of facilities$14,777
XI-10 Net assets at end of year$525,551

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

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