Corise Illinois EIN 86-2589387 Form 990 (PDF) Claim this org

Corise Illinois FY2023 filing

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Supports and educates family child care providers to increase affordable care access in low-income Illinois communities. For fiscal year 2023 it reported $483K in revenue, $602K in expenses, and $111K in net assets.Pt I

Founded
2021
Type
Public charity (501(c)(3)) · Human Services
Location
Chicago, IL
Website
www.corise.coop/illinois
Filings
3 on file (2022–2023)
Revenue
$483KFY2023
Expenses
$602K
Net assets
$111K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  86-2589387 Public charity (501(c)(3)) Chicago, IL Founded 2021
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports and educates family child care providers to increase affordable care access in low-income Illinois communities.
Leadership
Patricia Twymon · Secretary
Money in and out
$483K revenue, $602K expenses
Bottom line
69% program efficiency
Where the money goes · FY2023
Total revenue
$483K
Pt VIII · Ln 12
Total expenses
$602K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$119K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.31
Program efficiency
69%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$483K
FY2023▲ +73%
Expenses
$602K
FY2023▲ +599%
Total assets
$153K
FY2023▼ -37%
Total liabilities
$42K
FY2023▲ ×58
Total revenue
$483K
Pt VIII · Ln 12
Total expenses
$602K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$119K
Total assetsPt X · Ln 16$153K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCorise Illinois
EINHdr · item D86-2589387
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.corise.coop/illinois
Year of formationHdr · item L2021
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33)
Ruling yearIRS BMFOct 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President, Co-Rise
$0Pt VII · Sec A
Executive Director, Co-Rise
$0Pt VII · Sec A
Vice President, Co-Rise
$0Pt VII · Sec A
See Corise Illinois executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $418K of program spending, described in the organization's own filed words · FY2022.
01

Maintaining and increaseing access to high-quality affordable child care in low income communites in illinois through activites that support and educte family child care providers and strength family child care sector.

$418Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$333K · 69%
Contributions & grants$150K · 31%
Other revenue69%$333K
Contributions & grants31%$150K
Total revenueLn 12$483K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$418K
Management & general31%$184K
Total functional expensesLn 25$602K

Balance Sheet

Part X · end of year
CashLn 1$30K
Total assetsLn 16$153K
Total liabilitiesLn 26$42K
Total net assetsLn 32$111K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $30K · Operating expenses/yr $602K
0.6 months
Where the money goes
Program services
Program services $418K · Total expenses $602K
69%
Management & General
Management & general $184K · Total expenses $602K
31%
Fundraising
Fundraising $0 · Total expenses $602K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $200K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $150K · Total revenue $483K
31%
Government reliance
Government grants — · Total revenue $483K
Earned-income share
Program service revenue $0 · Total revenue $483K
0%
Investment reliance
Investment income $0 · Total revenue $483K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $602K
0%
Growth & trend
Revenue growth (YoY)
This year $483K · Prior year $280K
+73%
Net-asset trend (YoY)
End of year $111K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $483K · Expenses $602K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $153K
Net-asset ratio
Net assets $111K · Total assets $153K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $153K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Patricia Twymon · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $602K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $192K · Total expenses $602K
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 31%
Fundraising cost ratio 0%
Revenue growth 73%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.2M revenue · ⤓ 990 PDF
FY2023$483K revenue · viewing · ⤓ 990 PDF
FY2022$280K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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