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← CORE POWERED BY THE ROGERS FOUNDATION

Form 990 for tax year 2022

Filed by CORE POWERED BY THE ROGERS FOUNDATION.

Totals

Total revenue
$911,903
Total expenses
$2,485,445
Contributions and grants received
$797,927
Grants paid
$34,848
Program service revenue
$0
Investment income
$113,976
Other revenue
$0
Total assets, end of year
$7,717,798
Total liabilities, end of year
$244,349
Net assets or fund balances, end of year
$7,473,449
Program services expenses (Part IX)
$954,029
Management and general expenses
$1,138,981
Fundraising expenses
$392,435
Program service expenses (Part III)
$954,029

Program services were 38.4% 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.

  • 1e · Government grants (contributions)

    $20,000

  • 1f · All other contributions, gifts and grants

    $777,927

  • 3 · Investment income

    total $113,976 · excluded $113,976

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $34,848 · program services $34,848

  • 5 · Compensation of officers, directors and key employees

    total $226,312 · program services $4,250 · management and general $82,769 · fundraising $139,293

  • 7 · Other salaries and wages

    total $823,103 · program services $556,663 · management and general $94,713 · fundraising $171,727

  • 9 · Other employee benefits

    total $83,006 · program services $50,629 · management and general $12,505 · fundraising $19,872

  • 10 · Payroll taxes

    total $93,842 · program services $50,677 · management and general $15,744 · fundraising $27,421

  • 11c · Fees: accounting

    total $80,875 · management and general $80,875

  • 11f · Fees: investment management

    total $33,969 · management and general $33,969

  • 11g · Fees: other

    total $408,089 · program services $18,890 · management and general $389,199

  • 13 · Office expenses

    total $48,380 · program services $26,127 · management and general $8,116 · fundraising $14,137

  • 16 · Occupancy

    total $3,042 · management and general $3,042

  • 17 · Travel

    total $14,877 · program services $6,616 · management and general $3,421 · fundraising $4,840

  • 19 · Conferences, conventions and meetings

    total $18,102 · program services $9,776 · management and general $3,037 · fundraising $5,289

  • 20 · Interest

    total $875 · management and general $875

  • 22 · Depreciation, depletion and amortization

    total $10,439 · program services $3,747 · management and general $4,664 · fundraising $2,028

  • 23 · Insurance

    total $31,144 · program services $29,875 · management and general $463 · fundraising $806

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $400,000 · management and general $400,000

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $143,363 · program services $143,363

  • 24c · Other expenses: RECOGNITION

    total $17,419 · program services $7,997 · management and general $4,426 · fundraising $4,996

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,935 · program services $3,746 · management and general $1,163 · fundraising $2,026

  • 24e · All other expenses

    total $6,825 · program services $6,825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $774,291 · end of year $564,898

  • 3 · Pledges and grants receivable

    beginning of year $1,675,881 · end of year $1,275,982

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,513 · end of year $6,564

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

    $1,047,161

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

    $202,474

  • 10c · Land, buildings and equipment, net

    beginning of year $851,627 · end of year $844,687

  • 11 · Investments: publicly traded securities

    beginning of year $6,704,619 · end of year $5,025,667

  • 14 · Intangible assets

    beginning of year $3,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,117 · end of year $240,553

  • 23 · Secured mortgages and notes payable

    beginning of year $5,297 · end of year $3,796

  • 27 · Net assets without donor restrictions

    beginning of year $3,121,198 · end of year $1,177,694

  • 28 · Net assets with donor restrictions

    beginning of year $6,814,819 · end of year $6,295,755

Mission and programs · 2022

Mission

CORE ACADEMY, POWERED BY THE ROGERS FOUNDATION BELIEVES ALL CHILDREN HAVE THE RIGHT TO REACH THEIR FULL POTENTIAL AND PURSUE INDIVIDUAL SUCCESS. OUR MISSION IS TO STRENGTHEN CHARACTER, BUILD BRILLIANT MINDS AND CREATE BRIGHTER FUTURES FOR OUR COMMUNITY'S MOST UNDER-RESOURCED YOUTH.

  • THE FOUNDATION HELPS CHILDREN FROM LOW-INCOME COMMUNITIES IN SOUTHERN NEVADA AND PROVIDES AFTER SCHOOL PROGRAMMING AND TUTORING FOR ITS STUDENTS. THE PROGRAM FOCUSES ON ACADEMICS, ENRICHMENT ACTIVITIES AND MENTORING.

    Expenses $954,029 · Grants $34,848

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lindsay Harper - Through August 202

    EXECUTIVE DI

    Total calculated
    $183,813
    From this org
    $173,067
    From related orgs
    $0
    Other
    $10,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,067
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $10,746
    Filer's total
    $183,813

  • Jeffrey Jones

    EXECUTIVE DI

    Total calculated
    $42,500
    From this org
    $42,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bo Bernhard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Anthony Delgado

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Flores

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Amy Hunter

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rory Reid

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Beverly Rogers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michelle Sanders

    TREASURER/SE

    Total calculated
    $0
    Hours/week
    2

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

None.

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
7 September 2023
IRS schema version
2022v5.0
Source object
202332999349300133

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