Corazon Puro FY2020 filing

Tax-deductible

Paterson, NJ501(c)(3)EIN 80-0809161Revenue $345K in FY2020

On file with the IRScorazonpuro.org190 Butler St, 07524-1998 · Paterson, NJTax-exempt since Mar 1946Church — 170(b)(1)(A)(i)

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Equip youth, young adults, and families in vulnerable communities with leadership skills and resources necessary to restore family life and positively transform society.

501(c)(3) charity; gifts are tax-deductible.
70¢ 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
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
4 of 5
filings with a surplus
Average surplus $31K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $90K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$176K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 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
$345K
Spent
$307K
To programs
70%
Net assets
$549K
By yearFY2020–FY2024
Revenue
$345K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$345K
FY2021$412K
FY2022$450K
FY2023$697K
FY2024$1.3M
Expenses
$307K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$307K
FY2021$450K
FY2022$436K
FY2023$642K
FY2024$1.2M
Net assets
$549K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$549K
FY2021$511K
FY2022$526K
FY2023$580K
FY2024$722K

From the FY2020 Form 990 · 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 Mar 1946.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $216K Management & general 26% · $79K Fundraising 4% · $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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Corazon Puro 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

Empowers youth, young adults, and families with skills and resources to restore families and transform society.

Questions for Corazon Puro

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Provided by the organization

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3 programs · $179K · in their own filed words · FY2020
01

General Program

The corazon puro leadership program is at the heart of our organization's efforts to form youth and young adult leaders to become agents of change within their communities. Our objectives are to identify new leaders from vulnerable populations and accompany them through ongoing formation events and community.

$76Kprogram expense
02

Mission Trips

Service and family strengthening program: for youth and young adults to serve vulnerable families locally, nationally, and internationally through retreats, mission trips, and conferences.

$54Kprogram expense
03

Osv

In partnership with our sunday visitor institute, this work titled "reawaken and educate authentic leaders" (R.E.A.L.) will produce enculturated faith and vocational formation materials through printed and online resources in english and spanish for ministers, leaders, priests, parishes, and dioceses.

$49Kprogram 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
Total grants receivedfrom 2 funders$90K
Grants paid · 9 grants · $162K · 2020–2024
Unitemized GrantFY2024$27,022
Christ Cathedral ParishCA · FY2024$5,619
Unitemized GrantFY2023$36,819
Unitemized GrantFY2022$23,667
Unitemized GrantFY2021$25,542
Unitemized GrantFY2020$13,448

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$345K
Ln 12
Gifts and grantsLn 1h$329K
Fees for servicesLn 2g$10K
Other incomeLn 4–11$6K
Money outPt IX
$307K
Ln 25
Programscol B$216K
Managementcol C$79K
Fundraisingcol D$12K
Owns and owesPt X
$549K
net assets · Ln 32
Cash and savingsLn 1–2$501K
Total assetsLn 16$725K
LiabilitiesLn 26$176K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$329K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$10K
Investment incomeLn 3$30
Other incomeLn 4–11$6K
Total revenueLn 12$345K
Assets in detailPt X, end of year
CashLn 1$377K
SavingsLn 2$124K
Cash and savings togetherLn 1–2$501K
Land, buildings, equipmentLn 10c$216K
Total assetsLn 16$725K
LiabilitiesLn 26$176K
Net assetsLn 32$549K
OperationsPt I, VI
EmployeesI 56
VolunteersI 670
Fiscal year endsHeaderDecember
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$226K$501K
Land, buildings, equipmentLn 10c$223K$216K
Total assetsLn 16$524K$725K
LiabilitiesLn 26$12K$176K
Net assetsLn 32$512K$549K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Grants to domestic individualsLn 2$13K$13K
Grants and assistance to foreign recipientsLn 3$28K$28K
Other salaries and wagesLn 7$134K$99K$26K$8K
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$13K$13K
Management feesLn 11a$2K$1K$166
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$4K$2K$2K
Advertising and promotionLn 12$7K$5K$303$1K
Office expensesLn 13$8K$3K$3K$1K
Information technologyLn 14$4K$3K$747$329
OccupancyLn 16$13K$13K$8$3
TravelLn 17$5K$5K$63
Conferences, conventions and meetingsLn 19$8K$7K$186
InterestLn 20$216$216
Depreciation, depletion and amortizationLn 22$7K$6K$1K
InsuranceLn 23$714$714
Other expenses (24a–d)Ln 24$29K$22K$7K$493
All other expensesLn 24e$69$69
Total functional expensesLn 25$307K$216K$79K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.2M$87K$722K 990 PDF
FY2023 $697K$642K$55K$580K 990 PDF
FY2022 $450K$436K$14K$526K 990 PDF
FY2021 $412K$450K−$38K$511K 990 PDF
FY2020 Viewing $345K$307K$37K$549K 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 (6 parts)
Part I · Summary $344,576 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $330,422$329,011
I-9 Program service revenuePrior year $57,345$9,634
I-10 Investment incomePrior year $178$30
I-11 Other revenuePrior year $1,368$5,901
I-12 Total revenuePrior year $389,313$344,576
I-13 Grants and similar amounts paidPrior year $30,888$49,854
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $164,559$156,274
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $141,366$101,346
I-18 Total expensesPrior year $336,813$307,474
I-19 Revenue less expensesPrior year $52,500$37,102
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $344,576 across 12 lines filed
Lines not itemized here account for $5,901 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$329,011
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$329,011
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,634 · Unrelated business $0 · Excluded from tax $0$9,634
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $30$30
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $15,535 · Unrelated business $0 · Excluded from tax $30$344,576
Part IX · Statement of functional expenses $307,474 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $8,000$8,000
IX-2 Grants to domestic individualsPrograms $13,448$13,448
IX-3 Grants and assistance to foreign recipientsPrograms $28,406$28,406
IX-7 Other salaries and wagesPrograms $99,419 · Management $26,163 · Fundraising $8,149$133,731
IX-9 Other employee benefitsManagement $9,446$9,446
IX-10 Payroll taxesManagement $13,097$13,097
IX-11a Management feesPrograms $1,431 · Management $166$1,597
IX-11c Accounting feesManagement $14,869$14,869
IX-11g Other fees for servicesPrograms $1,829 · Management $2,360$4,189
IX-12 Advertising and promotionPrograms $5,008 · Management $303 · Fundraising $1,251$6,562
IX-13 Office expensesPrograms $3,010 · Management $3,174 · Fundraising $1,478$7,662
IX-14 Information technologyPrograms $2,543 · Management $747 · Fundraising $329$3,619
IX-16 OccupancyPrograms $12,860 · Management $8 · Fundraising $3$12,871
IX-17 TravelPrograms $4,800 · Management $63$4,863
IX-19 Conferences, conventions and meetingsPrograms $7,427 · Fundraising $186$7,613
IX-20 InterestManagement $216$216
IX-22 Depreciation, depletion and amortizationPrograms $5,780 · Management $1,392$7,172
IX-23 InsurancePrograms $714$714
IX-24 Other expenses (24a–d)Programs $21,713 · Management $7,124 · Fundraising $493$29,330
IX-24e All other expensesPrograms $69$69
IX-25 Total functional expensesPrograms $216,457 · Management $79,128 · Fundraising $11,889$307,474
Part X · Balance sheet $724,913 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $155,340$377,110
X-2 Savings and temporary cash investmentsStart of year $70,220$123,846
X-4 Accounts receivableStart of year $72,282$3,810
X-8 Inventories for sale or useStart of year $1,293$3,642
X-9 Prepaid expenses and deferred chargesStart of year $590$1,002
X-10c Land, buildings and equipment, netStart of year $222,675$215,503
X-16 Total assetsStart of year $524,067$724,913
X-17 Accounts payable and accrued expensesStart of year $11,950$13,579
X-24 Unsecured notes and loans payable$162,115
X-26 Total liabilitiesStart of year $11,950$175,694
X-27 Net assets without donor restrictionsStart of year $512,117$549,219
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $512,117$549,219
X-33 Total liabilities and net assetsStart of year $524,067$724,913
Part XI · Reconciliation of net assets $549,219 net assets at year end
XI-1 Total revenue$344,576
XI-2 Total expenses$307,474
XI-3 Revenue less expenses$37,102
XI-4 Net assets at start of year$512,117
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$549,219

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

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