Core Foundation FY2022 filing

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The c.o.r.e. Foundation inspires communities to be better stewards of the environment through marine awareness education and hands on coastal programs.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 66-0764897) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $15K a year · 11% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
21.6 mo
of spending, in cash
21.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 5 voting members
None of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$48K
-78% vs prior year
Spent
$68K
To programs
82%
Net assets
$186K
By yearFY2020–FY2024
Revenue
$48K
FY2022▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2020$123K
FY2021$223K
FY2022$48K
FY2024$133K
Expenses
$68K
FY2022▼ -61%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$173K
FY2022$68K
FY2024Not on file
Net assets
$186K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$156K
FY2021$206K
FY2022$186K
FY2024$237K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2012.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $55K Management & general 18% · $12K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Science Offi
$0Pt VII · Sec A
Chief of Fie
$0Pt VII · Sec A
See Core Foundation 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

Inspires communities through marine awareness education and hands-on coastal programs.

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1 program · $55K · in their own filed words · FY2022
01

Completed DPNR contract to treat stony coral tissue loss disease. Started a coral propagation project in conjunction with the ST. John national park service to grow corals for eventual outplanting. Trained over 40 lionfish removal team members. Planning for a 2023 ST. Croix lionfish derby.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 66-0764897) · Dispute this line
$55Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$35K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$4K
Investment incomeLn 3$227
Money outPt IX
$68K
Ln 25
Programscol B$55K
Managementcol C$12K
Owns and owesPt X
$186K
net assets · Ln 32
Cash and savingsLn 1–2$122K
Total assetsLn 16$186K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$4K
Investment incomeLn 3$227
Total revenueLn 12$48K
Assets in detailPt X, end of year
CashLn 1$122K
Cash and savings togetherLn 1–2$122K
Land, buildings, equipmentLn 10c$65K
Total assetsLn 16$186K
LiabilitiesLn 26$0
Net assetsLn 32$186K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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 FY22End FY22
Cash and savingsLn 1–2$130K$122K
Land, buildings, equipmentLn 10c$76K$65K
Total assetsLn 16$206K$186K
LiabilitiesLn 26$0$0
Net assetsLn 32$206K$186K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$41K$40K$738
Office expensesLn 13$246$246
OccupancyLn 16$3K$3K
TravelLn 17$229$229
Conferences, conventions and meetingsLn 19$357$357
Depreciation, depletion and amortizationLn 22$11K$11K
Total functional expensesLn 25$68K$55K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 11, 2025 $133K$237K 990 PDF
FY2023 Not on file
FY2022 ViewingFiled with the IRS Jul 21, 2023 $48K$68K−$19K$186K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $223K$173K$50K$206K 990 PDF
FY2020Filed with the IRS May 28, 2021 $123K$156K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $48,071 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $206,081$44,039
I-9 Program service revenuePrior year $17,465$3,805
I-10 Investment incomePrior year $31$227
I-11 Other revenuePrior year −$581$0
I-12 Total revenuePrior year $222,996$48,071
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 $173,127$67,567
I-18 Total expensesPrior year $173,127$67,567
I-19 Revenue less expensesPrior year $49,869−$19,496
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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 $48,071 across 5 lines filed
VIII-1f All other contributions, gifts and grants$44,039
VIII-1h Total contributions, gifts and grants$44,039
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,805$3,805
VIII-3 Investment incomeRelated to mission $227$227
VIII-12 Total revenueRelated to mission $4,032$48,071
Part IX · Statement of functional expenses $67,567 across 7 lines filed
IX-11c Accounting feesManagement $11,480$11,480
IX-11g Other fees for servicesPrograms $40,019 · Management $738$40,757
IX-13 Office expensesPrograms $246$246
IX-16 OccupancyPrograms $3,042$3,042
IX-17 TravelPrograms $229$229
IX-19 Conferences, conventions and meetingsPrograms $357$357
IX-22 Depreciation, depletion and amortizationPrograms $11,456$11,456
IX-25 Total functional expensesPrograms $55,349 · Management $12,218 · Fundraising $0$67,567
Part X · Balance sheet $186,274 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $129,572$121,582
X-10c Land, buildings and equipment, netStart of year $76,148$64,692
X-16 Total assetsStart of year $205,770$186,274
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $205,770$186,274
X-32 Total net assets or fund balancesStart of year $205,770$186,274
X-33 Total liabilities and net assetsStart of year $205,770$186,274
Part XI · Reconciliation of net assets $186,274 net assets at year end
XI-1 Total revenue$48,071
XI-2 Total expenses$67,567
XI-3 Revenue less expenses−$19,496
XI-4 Net assets at start of year$205,770
XI-10 Net assets at end of year$186,274

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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