Corazon Puro FY2022 filing

Tax-deductible

Paterson, NJ501(c)(3)EIN 80-0809161Revenue $450K in FY2022

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.
85¢ 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
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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 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
$140K
21% of total assets
Looks good: liabilities are 21% 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
$450K
+9% vs prior year
Spent
$436K
To programs
85%
Net assets
$526K
By yearFY2020–FY2024
Revenue
$450K
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$345K
FY2021$412K
FY2022$450K
FY2023$697K
FY2024$1.3M
Expenses
$436K
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$307K
FY2021$450K
FY2022$436K
FY2023$642K
FY2024$1.2M
Net assets
$526K
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$549K
FY2021$511K
FY2022$526K
FY2023$580K
FY2024$722K

From the FY2022 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

85 cents of each dollar spent went to programs.

Program services 85% · $372K Management & general 13% · $55K Fundraising 2% · $9K

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
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $372K · in their own filed words · FY2022
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.

$276Kprogram expense
02

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.

$59Kprogram expense
03

Mission Trips

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

$36Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$450K
Ln 12
Gifts and grantsLn 1h$383K
Fees for servicesLn 2g$60K
Other incomeLn 4–11$7K
Money outPt IX
$436K
Ln 25
Programscol B$372K
Managementcol C$55K
Fundraisingcol D$9K
Owns and owesPt X
$526K
net assets · Ln 32
Cash and savingsLn 1–2$436K
Total assetsLn 16$666K
LiabilitiesLn 26$140K
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$383K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$60K
Investment incomeLn 3$36
Other incomeLn 4–11$7K
Total revenueLn 12$450K
Assets in detailPt X, end of year
CashLn 1$312K
SavingsLn 2$124K
Cash and savings togetherLn 1–2$436K
Land, buildings, equipmentLn 10c$219K
Total assetsLn 16$666K
LiabilitiesLn 26$140K
Net assetsLn 32$526K
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 FY22End FY22
Cash and savingsLn 1–2$439K$436K
Land, buildings, equipmentLn 10c$213K$219K
Total assetsLn 16$660K$666K
LiabilitiesLn 26$148K$140K
Net assetsLn 32$511K$526K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Grants to domestic individualsLn 2$24K$24K
Grants and assistance to foreign recipientsLn 3$13K$13K
Pay of current officers, directors and key staffLn 5$10K$8K$1K$414
Other salaries and wagesLn 7$128K$107K$15K$5K
Other employee benefitsLn 9$14K$11K$2K$583
Payroll taxesLn 10$17K$14K$2K$701
Accounting feesLn 11c$15K$0$15K$0
Other fees for servicesLn 11g$44K$42K$3K$7
Advertising and promotionLn 12$5$5$0$0
Office expensesLn 13$17K$10K$6K$1K
Information technologyLn 14$16K$15K$1K$354
OccupancyLn 16$11K$11K$114$49
TravelLn 17$46K$46K$154$6
Conferences, conventions and meetingsLn 19$18K$18K$0$0
InterestLn 20$3K$0$3K$0
Depreciation, depletion and amortizationLn 22$8K$6K$2K$0
InsuranceLn 23$6K$3K$2K$0
Other expenses (24a–d)Ln 24$30K$28K$1K$545
Total functional expensesLn 25$436K$372K$55K$9K

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 Viewing $450K$436K$14K$526K 990 PDF
FY2021 $412K$450K−$38K$511K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $450,297 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $397,878$383,281
I-9 Program service revenuePrior year $13,785$60,014
I-10 Investment incomePrior year $241$36
I-11 Other revenuePrior year $494$6,966
I-12 Total revenuePrior year $412,398$450,297
I-13 Grants and similar amounts paidPrior year $44,720$52,935
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $199,363$168,298
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $206,251$214,666
I-18 Total expensesPrior year $450,334$435,899
I-19 Revenue less expensesPrior year −$37,936$14,398
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 $450,297 across 12 lines filed
Lines not itemized here account for $6,966 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$383,281
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$383,281
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,014 · Unrelated business $0 · Excluded from tax $0$60,014
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $36$36
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $66,980 · Unrelated business $0 · Excluded from tax $36$450,297
Part IX · Statement of functional expenses $435,899 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $15,968$15,968
IX-2 Grants to domestic individualsPrograms $23,667$23,667
IX-3 Grants and assistance to foreign recipientsPrograms $13,300$13,300
IX-5 Pay of current officers, directors and key staffPrograms $8,057 · Management $1,309 · Fundraising $414$9,780
IX-7 Other salaries and wagesPrograms $107,110 · Management $15,286 · Fundraising $5,408$127,804
IX-9 Other employee benefitsPrograms $11,350 · Management $1,845 · Fundraising $583$13,778
IX-10 Payroll taxesPrograms $13,851 · Management $2,384 · Fundraising $701$16,936
IX-11c Accounting feesPrograms $0 · Management $15,439 · Fundraising $0$15,439
IX-11g Other fees for servicesPrograms $41,566 · Management $2,846 · Fundraising $7$44,419
IX-12 Advertising and promotionPrograms $5 · Management $0 · Fundraising $0$5
IX-13 Office expensesPrograms $9,640 · Management $6,413 · Fundraising $1,283$17,336
IX-14 Information technologyPrograms $14,650 · Management $1,156 · Fundraising $354$16,160
IX-16 OccupancyPrograms $11,013 · Management $114 · Fundraising $49$11,176
IX-17 TravelPrograms $45,966 · Management $154 · Fundraising $6$46,126
IX-19 Conferences, conventions and meetingsPrograms $17,918 · Management $0 · Fundraising $0$17,918
IX-20 InterestPrograms $0 · Management $3,052 · Fundraising $0$3,052
IX-22 Depreciation, depletion and amortizationPrograms $5,865 · Management $1,765 · Fundraising $0$7,630
IX-23 InsurancePrograms $3,445 · Management $2,216 · Fundraising $0$5,661
IX-24 Other expenses (24a–d)Programs $28,129 · Management $1,070 · Fundraising $545$29,744
IX-25 Total functional expensesPrograms $371,500 · Management $55,049 · Fundraising $9,350$435,899
Part X · Balance sheet $665,562 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $314,822$311,757
X-2 Savings and temporary cash investmentsStart of year $123,867$124,361
X-4 Accounts receivableStart of year $2,685$1,328
X-8 Inventories for sale or useStart of year $2,042$1,814
X-9 Prepaid expenses and deferred chargesStart of year $3,136$7,082
X-10c Land, buildings and equipment, netStart of year $213,096$219,220
X-16 Total assetsStart of year $659,648$665,562
X-17 Accounts payable and accrued expensesStart of year $21,070$19,513
X-24 Unsecured notes and loans payableStart of year $127,295$120,368
X-26 Total liabilitiesStart of year $148,365$139,881
X-27 Net assets without donor restrictionsStart of year $511,283$525,681
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $511,283$525,681
X-33 Total liabilities and net assetsStart of year $659,648$665,562
Part XI · Reconciliation of net assets $525,681 net assets at year end
XI-1 Total revenue$450,297
XI-2 Total expenses$435,899
XI-3 Revenue less expenses$14,398
XI-4 Net assets at start of year$511,283
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$525,681

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

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