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Core

Tax-deductible

Potomac, MD501(c)(3)Arts & Culture EIN 88-3213942Revenue $5.5M in FY2024

On file with the IRScorefoundation.org9219 Fox Meadow Ln, 20854-4619 · Potomac, MDTax-exempt since Aug 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Supports research to discover more of life and the world around US, filming/recording of such research and free global access to content and experiences created out of this research process on the streaming platform of Core.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$139K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
2 of 2
filings with a surplus
Average surplus $2.4M a year · 89% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$139K
to officers and key staff · 24% of spending
Top officer’s pay lower than 97% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$279K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
×109 vs prior year
Spent
$580K
To programs
68%
Net assets
$4.9M
By yearFY2023–FY2024
Revenue
$5.5M
FY2024▲ ×109
Tap a bar for its year
Revenue by fiscal year
FY2023$50K
FY2024$5.5M
Expenses
$580K
FY2024▲ ×12
Tap a bar for its year
Expenses by fiscal year
FY2023$50K
FY2024$580K
Net assets
$4.9M
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2023$0
FY2024$4.9M

From the FY2024 Form 990 (year ending July 2024) · 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 Aug 2023.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $395K Management & general 14% · $81K Fundraising 18% · $103K

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

10 people listed on the 990; $139K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Keaton Flaesch
Treasurer/Secretary
$39,430Pt VII · Sec A
Scott Brandon
Boardmember / Director
$25,000Pt VII · Sec A
Martine N Dubin
Founder/Chair
$25,000Pt VII · Sec A
Naomi Firestone
Boardmember / Director
$25,000Pt VII · Sec A
Phillip Caputo
Boardmember / Director
$25,000Pt VII · Sec A
Martine N Dubin
Founder/Chair
$0Pt VII · Sec A
Keaton Flaesch
Treasurer/Secretary
$0Pt VII · Sec A
Naomi Firestone
Boardmember / Director
$0Pt VII · Sec A

Keaton Flaesch’s $39K as Treasurer/Secretary is at the 3rd percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Funds and shares global research discoveries about life and the world through free streaming content.

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Provided by the organization

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2 programs · $789K · in their own filed words · FY2023
01

We understand the blindspots and challenges experienced while doing good work. From getting projects off the ground to executing on a plan, we improve the chances of a project's SUCCESS.FROM insurance to banking to tax reporting, our focus is removing obstacles which bring charitable idea to LIFE.WE work closely with our core cause…

$395Kprogram expense
02

We understand the blindspots and challenges experienced while doing good work. From getting projects off the ground to executing on a plan, we improve the chances of a project's SUCCESS.FROM insurance to banking to tax reporting, our focus is removing obstacles which bring charitable idea to LIFE.WE work closely with our core cause…

$395Kprogram 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 · FY2023
National Philanthropic TrustFY2023$300K
Total grants receivedfrom 1 funder$300K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.5M
Ln 12
Gifts and grantsLn 1h$5.5M
Money outPt IX
$580K
Ln 25
Programscol B$395K
Managementcol C$81K
Fundraisingcol D$103K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$200
Total assetsLn 16$5.2M
LiabilitiesLn 26$279K
PeoplePt VI, VII
10
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.5M
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$200
Total assetsLn 16$5.2M
LiabilitiesLn 26$279K
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.5M$580K$4.9M$4.9M 990 PDF
FY2023 $50K$50K$0$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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