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Nonprofiteer
← CORE POWERED BY THE ROGERS FOUNDATION

Form 990 for tax year 2023

Filed by CORE POWERED BY THE ROGERS FOUNDATION.

Totals

Total revenue
$1,730,278
Total expenses
$2,722,329
Contributions and grants received
$1,547,584
Grants paid
$32,369
Program service revenue
$0
Investment income
$182,694
Other revenue
$0
Total assets, end of year
$7,285,624
Total liabilities, end of year
$580,615
Net assets or fund balances, end of year
$6,705,009
Program services expenses (Part IX)
$1,708,131
Management and general expenses
$716,656
Fundraising expenses
$297,542
Program service expenses (Part III)
$1,708,131

Program services were 62.7% 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)

    $784,379

  • 1f · All other contributions, gifts and grants

    $763,205

  • 3 · Investment income

    total $182,694 · excluded $182,694

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $32,369 · program services $32,369

  • 5 · Compensation of officers, directors and key employees

    total $212,247 · program services $14,150 · management and general $113,199 · fundraising $84,898

  • 7 · Other salaries and wages

    total $1,403,581 · program services $1,084,650 · management and general $170,496 · fundraising $148,435

  • 9 · Other employee benefits

    total $115,609 · program services $90,091 · management and general $13,610 · fundraising $11,908

  • 10 · Payroll taxes

    total $147,133 · program services $101,029 · management and general $25,264 · fundraising $20,840

  • 11c · Fees: accounting

    total $38,712 · management and general $38,712

  • 11d · Fees: lobbying

    total $12,000 · management and general $12,000

  • 11f · Fees: investment management

    total $24,251 · management and general $24,251

  • 11g · Fees: other

    total $319,292 · program services $48,012 · management and general $268,280 · fundraising $3,000

  • 13 · Office expenses

    total $133,217 · program services $91,473 · management and general $22,875 · fundraising $18,869

  • 16 · Occupancy

    total $3,325 · management and general $3,325

  • 17 · Travel

    total $10,529 · program services $4,240 · management and general $2,695 · fundraising $3,594

  • 19 · Conferences, conventions and meetings

    total $24,555 · program services $16,861 · management and general $4,216 · fundraising $3,478

  • 20 · Interest

    total $13,223 · management and general $13,223

  • 22 · Depreciation, depletion and amortization

    total $2,063 · program services $1,417 · management and general $354 · fundraising $292

  • 23 · Insurance

    total $28,106 · program services $27,242 · management and general $473 · fundraising $391

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $186,522 · program services $186,522

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,395 · program services $5,078 · management and general $1,270 · fundraising $1,047

  • 24c · Other expenses: RECOGNITION

    total $4,771 · program services $1,568 · management and general $2,413 · fundraising $790

  • 24d · Other expenses: EVENTS

    total $3,429 · program services $3,429

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $564,898 · end of year $214,963

  • 3 · Pledges and grants receivable

    beginning of year $1,275,982 · end of year $1,604,482

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,564 · end of year $3,783

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

    $1,025,161

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

    $204,536

  • 10c · Land, buildings and equipment, net

    beginning of year $844,687 · end of year $820,625

  • 11 · Investments: publicly traded securities

    beginning of year $5,025,667 · end of year $4,641,771

  • 17 · Accounts payable and accrued expenses

    beginning of year $240,553 · end of year $169,888

  • 23 · Secured mortgages and notes payable

    beginning of year $3,796 · end of year $1,986

  • 24 · Unsecured notes and loans payable

    end of year $408,741

  • 27 · Net assets without donor restrictions

    beginning of year $1,177,694 · end of year $334,335

  • 28 · Net assets with donor restrictions

    beginning of year $6,295,755 · end of year $6,370,674

Mission and programs · 2023

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 $1,708,131 · Grants $32,369

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey Jones

    EXECUTIVE DI

    Total calculated
    $141,500
    From this org
    $130,000
    From related orgs
    $0
    Other
    $11,500
    Hours/week
    40

  • Lindsay Harper - Through April 2023

    CEO

    Total calculated
    $70,747
    From this org
    $64,978
    From related orgs
    $0
    Other
    $5,769
    Hours/week
    40

  • Amy Hunter

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rory Reid

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Sanders

    TREASURER/SE

    Total calculated
    $0
    Hours/week
    2

  • Bo Bernhard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Delgado

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Flores

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Archie Perry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.0
Source object
202412909349301211

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