Cortex Support Corporation

St Louis, MOUnknown exempt organization EIN 81-2147807Revenue $207K in FY2023Latest return filed Jul 22, 2024

On file with the IRSSt Louis, MO

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The organization is organized as a supporting organization and operated for the benefit of Cortex.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2147807) · Dispute this line
100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $1.2M a year · 327% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
2
of 3 voting members
2 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$207K
-50% vs prior year
Spent
$5.5M
To programs
100%
Net assets
$0
By yearFY2020–FY2023
Revenue
$207K
FY2023▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$416K
FY2021$416K
FY2022$416K
FY2023$207K
Expenses
$5.5M
FY2023▲ ×22
Tap a bar for its year
Expenses by fiscal year
FY2020$241K
FY2021$189K
FY2022$257K
FY2023$5.5M
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$5.2M
FY2022$5.3M
FY2023$0

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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% · $5.5M

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
President/Secretary
$0Pt VII · Sec A
See Cortex Support Corporation 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 15aYes

Programs and updates

Supports Cortex's mission and operations.

Questions for Cortex Support Corporation

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1 program · $5.5M · in their own filed words · FY2023
01

The organization is the leverage lender in new market tax credits financing for the acquistion and construction of the building located at 4260 forest park.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2147807) · Dispute this line
$5.5Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$207K
Ln 12
Investment incomeLn 3$207K
Money outPt IX
$5.5M
Ln 25
Programscol B$5.5M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$207K
Total revenueLn 12$207K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY23End FY23
Cash and savingsLn 1–2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$11.9M$0
LiabilitiesLn 26$6.6M$0
Net assetsLn 32$5.3M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$10K$10K
InterestLn 20$168K$168K
Payments to affiliatesLn 21$5.3M$5.3M
Total functional expensesLn 25$5.5M$5.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Jul 22, 2024 $207K$5.5M−$5.3M$0 990 PDF
FY2022Filed with the IRS Jun 12, 2023 $416K$257K$159K$5.3M 990 PDF
FY2021Filed with the IRS Oct 13, 2022 $416K$189K$227K$5.2M 990 PDF
FY2020Filed with the IRS Oct 20, 2021 $416K$241K$176K$4.9M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $206,964 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $416,241$206,964
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $416,241$206,964
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $257,001$5,526,565
I-18 Total expensesPrior year $257,001$5,526,565
I-19 Revenue less expensesPrior year $159,240−$5,319,601
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $206,964 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $206,964$206,964
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $206,964$206,964
Part IX · Statement of functional expenses $5,526,565 across 3 lines filed
IX-11c Accounting feesPrograms $9,575$9,575
IX-20 InterestPrograms $168,471$168,471
IX-21 Payments to affiliatesPrograms $5,348,519$5,348,519
IX-25 Total functional expensesPrograms $5,526,565 · Management $0 · Fundraising $0$5,526,565
Part X · Balance sheet $0 assets, 22 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivableStart of year $11,892,600$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $11,892,600$0
X-24 Unsecured notes and loans payableStart of year $5,850,000$0
X-25 Other liabilitiesStart of year $722,999$0
X-26 Total liabilitiesStart of year $6,572,999$0
X-27 Net assets without donor restrictionsStart of year $5,319,601$0
X-32 Total net assets or fund balancesStart of year $5,319,601$0
X-33 Total liabilities and net assetsStart of year $11,892,600$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$206,964
XI-2 Total expenses$5,526,565
XI-3 Revenue less expenses−$5,319,601
XI-4 Net assets at start of year$5,319,601
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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