Totals
- Total revenue
- $17,212,351
- Total expenses
- $10,385,554
- Contributions and grants received
- $11,847,870
- Grants paid
- $2,273,404
- Program service revenue
- $4,311,461
- Investment income
- $791,635
- Other revenue
- $261,385
- Total assets, end of year
- $84,709,427
- Total liabilities, end of year
- $18,821,318
- Net assets or fund balances, end of year
- $65,888,109
- Program services expenses (Part IX)
- $8,570,714
- Management and general expenses
- $1,431,348
- Fundraising expenses
- $383,492
- Program service expenses (Part III)
- $8,570,714
Program services were 82.5% 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.
-
1d · Related organizations
$10,597,669
-
1e · Government grants (contributions)
$983,480
-
1f · All other contributions, gifts and grants
$266,721
-
2a · Program service revenue: GROSS RENTAL INCOME
total $4,311,461 · related or exempt $4,311,461
-
3 · Investment income
total $791,635 · excluded $791,635
-
11a · Other revenue: DEVELOPER FEES
total $217,788 · related or exempt $217,788
-
11b · Other revenue: MANAGEMENT FEE-SLLC
total $41,042 · related or exempt $41,042
-
11c · Other revenue: MISC. INCOME
total $2,555 · related or exempt $2,555
-
11e · Other revenue, total
$261,385
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,224,147 · program services $2,224,147
-
2 · Grants to domestic individuals
total $49,257 · program services $49,257
-
5 · Compensation of officers, directors and key employees
total $908,496 · program services $754,052 · management and general $154,444
-
7 · Other salaries and wages
total $830,389 · program services $195,634 · management and general $408,463 · fundraising $226,292
-
8 · Pension plan contributions
total $137,142 · program services $64,425 · management and general $51,381 · fundraising $21,336
-
9 · Other employee benefits
total $333,572 · program services $182,310 · management and general $114,979 · fundraising $36,283
-
11a · Fees: management
total $135,541 · program services $36,053 · management and general $99,488
-
11b · Fees: legal
total $179,731 · program services $96,849 · management and general $82,882
-
11c · Fees: accounting
total $85,856 · program services $2,000 · management and general $83,856
-
11g · Fees: other
total $478,319 · program services $379,259 · management and general $15,860 · fundraising $83,200
-
12 · Advertising and promotion
total $119,577 · program services $114,422 · management and general $4,792 · fundraising $363
-
13 · Office expenses
total $103,893 · program services $65,177 · management and general $34,690 · fundraising $4,026
-
14 · Information technology
total $111,031 · program services $15,613 · management and general $86,270 · fundraising $9,148
-
16 · Occupancy
total $1,168,804 · program services $1,014,386 · management and general $152,243 · fundraising $2,175
-
17 · Travel
total $14,265 · program services $13,060 · management and general $536 · fundraising $669
-
20 · Interest
total $603,242 · program services $491,469 · management and general $111,773
-
22 · Depreciation, depletion and amortization
total $2,067,732 · program services $2,066,591 · management and general $1,141
-
23 · Insurance
total $141,693 · program services $113,143 · management and general $28,550
-
24a · Other expenses: TAXES AND LICENSES
total $692,867 · program services $692,867
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,607,256 · end of year $102,257
-
2 · Savings and temporary cash investments
beginning of year $1,814,748 · end of year $12,003,321
-
3 · Pledges and grants receivable
beginning of year $3,335,219 · end of year $3,020,374
-
4 · Accounts receivable
beginning of year $294,542 · end of year $794,997
-
9 · Prepaid expenses and deferred charges
beginning of year $65,876 · end of year $462,228
-
10a · Land, buildings and equipment: cost or other basis
$65,915,619
-
10b · Land, buildings and equipment: accumulated depreciation
$11,316,203
-
10c · Land, buildings and equipment, net
beginning of year $52,724,476 · end of year $54,599,416
-
11 · Investments: publicly traded securities
beginning of year $20,266,026
-
15 · Other assets
beginning of year $14,423,537 · end of year $13,726,834
-
17 · Accounts payable and accrued expenses
beginning of year $809,034 · end of year $2,340,371
-
19 · Deferred revenue
beginning of year $61,813 · end of year $76,529
-
23 · Secured mortgages and notes payable
beginning of year $24,398,819 · end of year $6,501,254
-
25 · Other liabilities
beginning of year $10,129,232 · end of year $9,903,164
-
27 · Net assets without donor restrictions
beginning of year $59,132,782 · end of year $65,888,109
Mission and programs · 2023
Mission
FOUNDED IN 2002, CORTEX MISSION IS THE CREATION OF THE MIDWEST'S PREMIER INNOVATION HUB OF BIOSCIENCE AND TECHNOLOGY RESEARCH, DEVELOPMENT AND COMMERCIALIZATION, SERVING AS THE ANCHOR OF ST. LOUIS' GROWING ECOSYSTEM FOR INNOVATIVE STARTUP PROGRAMS AND ESTABLISHED COMPANIES THROUGH URBAN REVITALIZATION.
Activities or mission (Part I)
FOUNDED IN 2002, CORTEX IS ST. LOUIS' THRIVING CENTER OF RESEARCH, TECHNOLOGY, AND ENTREPRENEURIAL EXCHANGE, SERVING AS AN INCLUSIVE ECONOMIC ENGINE FOR THE REGION. CORTEX IS THE MASTER DEVELOPER OF A 200-ACRE INNOVATION DISTRICT EXPERTLY DESIGNED TO TRANSLATE UNIVERSITY RESEARCH, FOSTER NEW SCIENTIFIC BREAKTHROUGHS AND NEW BUSINESSES, AND TRAIN ST. LOUISANS FOR NEW ECONOMY JOBS IN BIOSCIENCE, CYBERSECURITY, AND TECHNOLOGY, AS WELL AS ENTREPRENEURIAL ENDEAVORS. CORTEX CREATES EQUITABLE ECONOMIC IMPACTS BY LEVERAGING HIGH-QUALITY FACILITIES, DEVELOPING PROGRAMS THAT BUILD KNOWLEDGE AND NETWORKS, AND CONVENING STRATEGIC PARTNERSHIPS THAT ATTRACT AND SUPPORT EMERGING AND ESTABLISHED COMPANIES.
-
IN ADDITION TO CORTEX'S ACQUISITION/DEVELOPMENT OF REAL ESTATE AND THE PROMOTION OF DEVELOPMENT ACTIVITIES OF THE CORTEX INNOVATION DISTRICT, CORTEX SERVES AS THE MANAGER OF ST. LOUIS LAND COMPANY, L.L.C. (SLLC) A MISSOURI LIMITED LIABILITY COMPANY, THAT SERVES AS A LAND HOLDING ENTITY IN THE REVITALIZATION OF AN APPROXIMATE 200 ACRE TRACT OF LAND IN MIDTOWN ST. LOUIS THAT WILL SERVE AS A CENTER OF RESEARCH, TECHNOLOGY AND ENTREPRENEURIAL EXCHANGE. CORTEX IS THE MANAGER OF SLLC AND INCURRED EXPENSES IN DEVELOPING AND MAINTAINING THE PROPERTIES.
Expenses $8,570,714 · Grants $2,273,404 · Revenue $4,572,846
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bob CannonBOB CANNON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
June FowlerJUNE FOWLER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Rich LiekwegRICH LIEKWEG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew MartinANDREW MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy KweskinAMY KWESKIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ken OlliffKEN OLLIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Fred PestelloFRED PESTELLO
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Barnali GuptaBARNALI GUPTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Steven BerberichSTEVEN BERBERICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kristin SobolikKRISTIN SOBOLIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris SpillingCHRIS SPILLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Margaret BasicMARGARET BASIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert CardilloROBERT CARDILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Aaron BobickAARON BOBICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jan HollowayJAN HOLLOWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donn RubinDONN RUBIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Derek RappDEREK RAPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Judy SindecuseJUDY SINDECUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sean WalshSEAN WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter Wyse-JacksonPETER WYSE-JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rodney CrimRODNEY CRIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael BrowningMICHAEL BROWNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jared BoydJARED BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Neal RichardsonNEAL RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sam FiorelloSAM FIORELLO
PRESIDENT & CEO
- Total calculated
- $504,655
- From this org
- $456,500
- From related orgs
- $0
- Other
- $48,155
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $415,000
- Bonus
- $41,500
- Other
- $0
- Deferred
- $33,000
- Nontaxable benefits
- $15,155
- Filer's total
- $504,655
-
Mike BozovichMIKE BOZOVICH
ASSISTANT TREASURER & CFO
- Total calculated
- $308,708
- From this org
- $271,103
- From related orgs
- $0
- Other
- $37,605
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $235,441
- Bonus
- $35,662
- Other
- $0
- Deferred
- $27,110
- Nontaxable benefits
- $10,495
- Filer's total
- $308,708
-
Margaret CraneMARGARET CRANE
SENIOR VICE PRESIDENT
- Total calculated
- $204,650
- From this org
- $177,819
- From related orgs
- $0
- Other
- $26,831
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,019
- Bonus
- $19,800
- Other
- $0
- Deferred
- $17,782
- Nontaxable benefits
- $9,049
- Filer's total
- $204,650
-
Brian RussellBRIAN RUSSELL
VICE PRESIDENT
- Total calculated
- $202,752
- From this org
- $174,125
- From related orgs
- $0
- Other
- $28,627
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,714
- Bonus
- $11,411
- Other
- $0
- Deferred
- $17,412
- Nontaxable benefits
- $11,215
- Filer's total
- $202,752
-
Natalie SelfNATALIE SELF
SENIOR VICE PRESIDENT
- Total calculated
- $245,670
- From this org
- $210,977
- From related orgs
- $0
- Other
- $34,693
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,414
- Bonus
- $27,563
- Other
- $0
- Deferred
- $21,098
- Nontaxable benefits
- $13,595
- Filer's total
- $245,670
-
Coleen AutryCOLEEN AUTRY
VICE PRESIDENT
- Total calculated
- $147,229
- From this org
- $115,884
- From related orgs
- $0
- Other
- $31,345
- Hours/week
- 40
-
Leslie HeustedLESLIE HEUSTED
VICE PRESIDENT
- Total calculated
- $145,642
- From this org
- $124,524
- From related orgs
- $0
- Other
- $21,118
- Hours/week
- 40
-
Gabriela Ramirez-ArellanoGABRIELA RAMIREZ-ARELLANO
VICE PRESIDENT
- Total calculated
- $156,070
- From this org
- $129,542
- From related orgs
- $0
- Other
- $26,528
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,053
- Bonus
- $8,489
- Other
- $0
- Deferred
- $12,654
- Nontaxable benefits
- $13,874
- Filer's total
- $156,070
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 · Written employment contract
- 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
-
$1,206,735
GENERAL
-
$475,000
GENERAL
-
$150,000
GENERAL
-
$150,000
GENERAL
-
$110,290
GENERAL
-
$37,500
GENERAL
-
GENERAL
-
GENERAL
-
$7,000
GENERAL
-
$6,300
GENERAL
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SUPPORTING ORGANIZATION · MO
Directly controlled by CORTEX
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
ST LOUIS INNOVATION DISTRICT
REAL ESTATE DEVELOPMENT · MO · income $191,793
Directly controlled by CORTEX
-
4260 FOREST PARK LLC
REAL ESTATE DEVELOPMENT · MO · income $5,477,341 · assets $20,519,239
Directly controlled by CORTEX
-
CORTEX TDG 1 LLC
OWN AND OPERATE PUBLIC PARKING GARAGE FACILITY · MO · income $191,724 · assets $13,500,571
Directly controlled by CORTEX
-
4232 FOREST PARK LLC
REAL ESTATE DEVELOPMENT · MO · income -$2,498 · assets $3,052,745
Directly controlled by CORTEX
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CORTEX WEST REDVELOPMENT CORP
C · REAL ESTATE DEVELOPMENT · MO · 100% owned · share of income -$115,129 · share of assets $9,727,453
Directly controlled by CORTEX
-
CORTEX WEST MANAGEMENT CORP
C · MANAGEMENT · MO · 100% owned · share of income -$342,614 · share of assets $747,976
Directly controlled by CORTEX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442049349300649
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.