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Nonprofiteer
← CORO SOUTHERN CALIFORNIA INC

Form 990 for tax year 2022

Filed by CORO SOUTHERN CALIFORNIA INC.

Totals

Total revenue
$2,205,616
Total expenses
$1,958,438
Contributions and grants received
$1,702,561
Grants paid
$101,840
Program service revenue
$598,714
Investment income
$6,642
Other revenue
-$102,301
Total assets, end of year
$3,640,915
Total liabilities, end of year
$255,579
Net assets or fund balances, end of year
$3,385,336
Program services expenses (Part IX)
$1,517,675
Management and general expenses
$234,422
Fundraising expenses
$206,341
Program service expenses (Part III)
$1,517,675

Program services were 77.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $541,360

  • 1e · Government grants (contributions)

    $59,000

  • 1f · All other contributions, gifts and grants

    $1,102,201

  • 2a · Program service revenue: TUITION/PROJECT FEES

    total $598,714 · related or exempt $598,714

  • 3 · Investment income

    total $7,348 · excluded $7,348

  • 7b · Less cost or other basis and sales expenses

    securities $706

  • 7c · Gain or loss

    securities -$706

  • 7d · Net gain or loss

    total -$706 · excluded -$706

  • 8a · Fundraising events: gross income

    $31,500

  • 8a · Fundraising events: contributions included on line 1c

    $541,360

  • 8b · Fundraising events: direct expenses

    $133,801

  • 8c · Net income from fundraising events

    total -$102,301 · excluded -$102,301

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $101,840 · program services $101,840

  • 5 · Compensation of officers, directors and key employees

    total $263,630 · program services $168,064 · management and general $4,394 · fundraising $91,172

  • 7 · Other salaries and wages

    total $805,878 · program services $614,181 · management and general $129,960 · fundraising $61,737

  • 9 · Other employee benefits

    total $37,576 · program services $29,037 · management and general $6,593 · fundraising $1,946

  • 10 · Payroll taxes

    total $80,152 · program services $58,838 · management and general $10,265 · fundraising $11,049

  • 11c · Fees: accounting

    total $27,845 · management and general $27,845

  • 11f · Fees: investment management

    total $6,885 · management and general $6,885

  • 11g · Fees: other

    total $192,067 · program services $184,194 · management and general $6,299 · fundraising $1,574

  • 12 · Advertising and promotion

    total $49,491 · program services $39,546 · management and general $3,197 · fundraising $6,748

  • 13 · Office expenses

    total $49,810 · program services $31,696 · management and general $12,161 · fundraising $5,953

  • 16 · Occupancy

    total $33,011 · program services $24,170 · management and general $4,308 · fundraising $4,533

  • 17 · Travel

    total $47,419 · program services $47,178 · management and general $127 · fundraising $114

  • 19 · Conferences, conventions and meetings

    total $198,217 · program services $178,874 · management and general $7,835 · fundraising $11,508

  • 20 · Interest

    total $7,845 · management and general $7,845

  • 22 · Depreciation, depletion and amortization

    total $4,691 · program services $3,168 · management and general $527 · fundraising $996

  • 23 · Insurance

    total $16,175 · program services $11,700 · management and general $2,245 · fundraising $2,230

  • 24a · Other expenses: STAFF DEVELOPMENT

    total $34,050 · program services $23,631 · management and general $3,648 · fundraising $6,771

  • 24b · Other expenses: MISCELLANEOUS

    total $1,778 · program services $1,500 · management and general $278

  • 24c · Other expenses: DATA MANAGEMENT

    total $78 · program services $58 · management and general $10 · fundraising $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,274,329 · end of year $811,243

  • 2 · Savings and temporary cash investments

    beginning of year $126,004 · end of year $1,796,997

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $35,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,413 · end of year $28,625

  • 10a · Land, buildings and equipment: cost or other basis

    $33,834

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,345

  • 10c · Land, buildings and equipment, net

    beginning of year $15,289 · end of year $15,489

  • 12 · Investments: other securities

    beginning of year $894,092 · end of year $953,561

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,108 · end of year $40,579

  • 19 · Deferred revenue

    beginning of year $279,700 · end of year $215,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,857,900 · end of year $2,145,644

  • 28 · Net assets with donor restrictions

    beginning of year $1,220,419 · end of year $1,239,692

Mission and programs · 2022

Mission

CORO'S MISSION IS TO STRENGTHEN THE DEMOCRATIC PROCESS BY PREPARING INDIVIDUALS FOR EFFECTIVE AND ETHICAL CIVIC LEADERSHIP.

  • FELLOWS PROGRAM - CORO BUILDS REGIONAL LEADERSHIP CAPACITY THROUGH FULL-TIME PREPARATION AND PLACEMENT OF 12 NATIONALLY SELECTED INDIVIDUALS FROM DIVERSE BACKGROUNDS, WHO LEARN TO BECOME CIVIC-MINDED LEADERS THROUGH ACTION, WITH LOS ANGELES AS THEIR CLASSROOM.

    Expenses $695,175 · Grants $99,900 · Revenue $186,920

  • LEADERSHIP PROGRAMS - SHORT PROGRAMS ARE DESIGNED TO HELP LEADERS IN OUR REGION WORK MORE EFFECTIVELY TO CONFRONT COMMON CHALLENGES AND STRENGTHEN OUR SYSTEM OF DEMOCRATIC SELF-GOVERNANCE.

    Expenses $629,479 · Grants $1,940 · Revenue $411,794

  • COVENINGS - CORO'S ONE-DAY CONFERENCE BROUGHT TOGETHER 300 LEADING TECHNOLOGY INNOVATORS, POLICYMAKERS, SCHOLARS, AND KEY CIVIC LEADERS TO EXPLORE THE INTERSECTION OF TECHNOLOGY AND DEMOCRACY, AND THE WAYS WE CAN AND MUST ADAPT TO MAKE DEMOCRACY WORK IN THE DIGITAL AGE.

    Expenses $193,021

As filed on the 2022 return.

Listed in Part VII

  • Natalie Samarjian

    PRESIDENT AND CEO

    Total calculated
    $251,477
    From this org
    $240,877
    From related orgs
    $0
    Other
    $10,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,000
    Bonus
    $32,877
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,600
    Filer's total
    $251,477
  • Rusty Hicks

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Raul Bustillos

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Jenny Delwood

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Betsy O'Brien

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Zanku Armenian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Arun Baheti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tyrone Bland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marla Bleavins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Grover Burthey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stephen Cheung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jasson Crockett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Shari Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ruben Duran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Monique Earl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Craig Ehrlich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ari Engelberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Andrea Foggy-Paxton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Naomi Fink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tod Gimbel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ronald J Greitzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Audrey Handelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kellie Hawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jennifer Hernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Areen Ibranossian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Suzy Jack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Karly Katona

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lindsey Kozberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Richard Lichtenstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Greg McWilliams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alina Moran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Allen Narcisse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jonathan Schreiber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Aryon Shahidzadeh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Margarita Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lisa Trifiletti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jenna Watkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Matthew Welsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ron Wong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Carson Bruno

    VP OF GROWTH

    Total calculated
    $118,756
    From this org
    $113,056
    From related orgs
    $0
    Other
    $5,700
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 April 2024
IRS schema version
2022v5.0
Source object
202420929349301142

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