KORE FOUNDATION INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- KORE FOUNDATION INC (EIN 26-3196544)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-09-02
- IRS object ID
- 202242459349300804
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-09-02T09:09:22-04:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621765435 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCMURRAY FOX & ASSOCIATES PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 639 E MAIN ST SUITE 100 | AddressLine1Txt |
| City | HENDERSONVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 370752606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263196544 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KORE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KORE | BusinessNameControlTxt |
| Phone | 9045716392 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 695 NASHVILLE PIKE 101 | AddressLine1Txt |
| City | GALLATIN | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37066 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JENNIFER FARBER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9045716392 | PhoneNum |
| Signature | 2022-08-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JENNIFER | PersonFirstNm |
| Person Last | FARBER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JW MCMURRAY | PreparerPersonNm |
| PTIN | P01347450 | PTIN |
| Phone | 6158242724 | PhoneNum |
| Preparation | 2022-08-26 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JENNIFER FARBER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 695 NASHVILLE PIKE 101 | AddressLine1Txt |
| City | GALLATIN | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37066 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,193,672 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.KOREFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | THE ORGANIZATION'S PRIMARY MISSION IS TO OFFER POVERTY STRICKEN PEOPLE A SUSTAINABLE ALTERNATIVE WITH THE INTRODUCTION OF CREATIVE MICRO-INDUSTRIES, AGRICULTURE, AND MICRO-FINANCE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 6 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,517,744 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,162,175 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $23,988 | PYInvestmentIncomeAmt |
| CY Investment Income | $31,497 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,541,732 | PYTotalRevenueAmt |
| CY Total Revenue | $1,193,672 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,048,700 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $918,061 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $396,776 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $367,047 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $33,342 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $79,094 | PYOtherExpensesAmt |
| CY Other Expenses | $62,313 | CYOtherExpensesAmt |
| PY Total Expenses | $1,524,570 | PYTotalExpensesAmt |
| CY Total Expenses | $1,347,421 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $17,162 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$153,749 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,069,075 | TotalAssetsBOYAmt |
| Total Assets EOY | $924,523 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $65,875 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $18,012 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,003,200 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $906,511 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE ORGANIZATION'S PRIMARY MISSION IS TO OFFER POVERTY STRICKEN PEOPLE A SUSTAINABLE ALTERNATIVE WITH THE INTRODUCTION OF CREATIVE MICRO-INDUSTRIES, AGRICULTURE, AND MICRO-FINANCE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $697,060 | ExpenseAmt |
| Grant | $519,661 | GrantAmt |
| Revenue | $662,413 | RevenueAmt |
| Desc | THE ORGANIZATION FUNDS THE SMALL HOLDER POULTRY PROGRAM (SHPE), LOCATED IN HAITI AND PARTNERED WITH KORE LAKAY THE SHPE PROVIDES HAITIANS THE NECESSARY TRAINING, FINANCING AND OVERSIGHT TO BEGIN HIS OR HER OWN SMALL POULTRY BUSINESS. THIS WILL PROVIDE OPPORTUNITIES FOR THESE FAMILIES TO BECOME ECONOMICALLY SELF-RELIANT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $532,227 | ExpenseAmt |
| Grant | $398,400 | GrantAmt |
| Revenue | $499,715 | RevenueAmt |
| Desc | THE PROTEIN FEEDING PROGRAM, LOCATED IN HAITI AND PARTNERED WITH KORE LAKAY, PROVIDES ANIMAL PROTEIN TO 10,000 CHILDREN WHO OTHERWISE WOULD NOT HAVE ACCESS TO IT. POULTRY IS PURCHASED FROM SHPE FARMERS AND DISTRIBUTED TO MALNOURISHED CHILDREN IN SEVERAL REGIONS OF HAITI. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,229,287 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 4 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 6 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | HA | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KORE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9046107898 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 695 NASHVILLE PIKE 101 | AddressLine1Txt |
| City | GALLATIN | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37066 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| DENNIS BRATTON | |||||
| CEO | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOHN CARTER | |||||
| TREASURER | Yes (X) | Yes (X) | $0 | $0 | $0 |
| RANDY HALE | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| KATHERINE LOUW | |||||
| SECRETARY | Yes (X) | Yes (X) | $0 | $0 | $0 |
| TOM MOORE | |||||
| VICE PRESIDE | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ALEX QUINTARD | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| RICK WOOD | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $1,162,175 | AllOtherContributionsAmt |
| Total Contributions | $1,162,175 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,497 | TotalRevenueColumnAmt |
| Exclusion | $31,497 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,193,672 | TotalRevenueColumnAmt |
| Exclusion | $31,497 | ExclusionAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $918,061 | TotalAmt |
| Program Services | $918,061 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $345,316 | TotalAmt |
| Program Services | $273,927 | ProgramServicesAmt |
| Management And General | $41,643 | ManagementAndGeneralAmt |
| Fundraising | $29,746 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,731 | TotalAmt |
| Program Services | $2,975 | ProgramServicesAmt |
| Management And General | $16,884 | ManagementAndGeneralAmt |
| Fundraising | $1,872 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,820 | TotalAmt |
| Program Services | $10,820 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,296 | TotalAmt |
| Program Services | $13,896 | ProgramServicesAmt |
| Management And General | $22,761 | ManagementAndGeneralAmt |
| Fundraising | $639 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,048 | TotalAmt |
| Program Services | $6,011 | ProgramServicesAmt |
| Management And General | $37 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,539 | TotalAmt |
| Management And General | $1,539 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| BUSINESS | $5,695 | $3,597 | $1,013 | $1,085 |
| OTHER PROGRAM EXPENSES | $915 | $915 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,347,421 | TotalAmt |
| Program Services | $1,229,287 | ProgramServicesAmt |
| Management And General | $84,792 | ManagementAndGeneralAmt |
| Fundraising | $33,342 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,616 | BOYAmt |
| EOY | $114,046 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,259 | BOYAmt |
| EOY | $5,756 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $305 | BOYAmt |
| EOY | $1,081 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $9,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $22,903 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $21,513 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,928 | BOYAmt |
| EOY | $1,390 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $906,967 | BOYAmt |
| EOY | $793,250 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,069,075 | BOYAmt |
| EOY | $924,523 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $10,358 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,059 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,816 | BOYAmt |
| EOY | $7,654 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,875 | BOYAmt |
| EOY | $18,012 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $993,200 | BOYAmt |
| EOY | $906,511 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000 | BOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,003,200 | BOYAmt |
| EOY | $906,511 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,069,075 | BOYAmt |
| EOY | $924,523 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$153,749 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $57,060 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,075,659 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,481,791 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,446,539 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,517,744 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,162,175 | CurrentTaxYearAmt |
| Total | $6,683,908 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,075,659 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,481,791 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,446,539 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,517,744 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,162,175 | CurrentTaxYearAmt |
| Total | $6,683,908 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,611,502 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,072,406 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,591 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,708 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,705 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $23,988 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $31,497 | CurrentTaxYearAmt |
| Total | $104,489 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $6,788,397 | TotalSupportAmt |
| Public Support CY170 | 0.74720 | PublicSupportCY170Pct |
| Public Support PY170 | 0.74020 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,903 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,513 | DepreciationAmt |
| Book Value | $1,390 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,390 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SOLOMON FOUNDATION, INC. | Desc |
| Book Value | $793,250 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $793,250 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL LIABILITY | Desc |
| Amt | $7,654 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,654 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,193,672 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $1,193,672 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,193,672 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,347,421 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $1,347,421 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,347,421 | TotalExpensesPerForm990Amt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | HAITI | RegionTxt |
| Offices | 1 | OfficesCnt |
| Employee | 13 | EmployeeCnt |
| Type Of Activities Conducted | CONTRIBUTIONS | TypeOfActivitiesConductedTxt |
| Specific Services Provided | POVERTY SOLUTIONS | SpecificServicesProvidedTxt |
| Region Total Expenditures | $918,061 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 13 | SubtotalEmployeesCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 13 | TotalEmployeeCnt |
| Subtotal Spent | $918,061 | SubtotalSpentAmt |
| Total Spent | $918,061 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant | MISSION PROGRAMS | PurposeOfGrantTxt |
| Cash Grant | $918,061 | CashGrantAmt |
| Manner Of Cash Disbursement | WIRE TRANSFER | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 1 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE F, PAGE 1, PART I, LINE 2 | UTILIZE STAFF IN HAITI TO MONITOR USE OF FUNDS AND REPORTING BACK TO ORGANIZATION. |
| SCHEDULE F, PAGE 1, PART I, LINE 3 | HAITI 918,061 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINE 4B | HAITI |
| FORM 990, PAGE 6, PART VI, LINE 2 | KORE FOUNDATION, INC. KORE FOUNDATION, INC. EXEC. DIR. CEO DAUGHTER/FATHER KORE FOUNDATOIN, INC. KORE FOUNDATION, INC. EXEC. DIR. DIR. OF OPS. SISTER/BROTHER |
| FORM 990, PAGE 6, PART VI, LINE 11B | CPA FIRM PREPARES FORM 990 AND PROVIDES A DRAFT COPY TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND APPROVES BY VOTE THE FILING OF THE RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 12C | IT IS THE POLICY OF KORE FOUNDATION INC TO MAINTAIN A HARMONIOUS WORKPLACE ENVIRONMENT. KORE FOUNDATION INC ENCOURAGES ITS EMPLOYEES TO EXPRESS CONCERNS ABOUT WORK-RELATED ISSUES, INCLUDING WORKPLACE COMMUNICATION, INTERPERSONAL CONFLICT, AND OTHER WORKING CONDITIONS. EMPLOYEES ARE ENCOURAGED TO RAISE CONCERNS WITH THEIR SUPERVISORS. IF NOT RESOLVED AT THIS LEVEL, AN EMPLOYEE MAY SUBMIT, IN WRITING, A SIGNED GRIEVANCE TO JENNIFER FARBER. AFTER RECEIVING A WRITTEN GRIEVANCE, KORE FOUNDATION INC MAY HOLD A MEETING WITH THE EMPLOYEE, THE IMMEDIATE SUPERVISOR, AND ANY OTHER INDIVIDUALS WHO MAY ASSIST IN THE INVESTIGATION OR RESOLUTION OF THE ISSUE. ALL DISCUSSIONS RELATED TO THE GRIEVANCE WILL BE LIMITED TO THOSE INVOLVED WITH, AND WHO CAN ASSIST WITH, RESOLVING THE ISSUE. COMPLAINTS INVOLVING ALLEGED DISCRIMINATORY PRACTICES SHALL BE PROCESSED IN ACCORDANCE WITH KORE FOUNDATION INC'S SEXUAL AND OTHER UNLAWFUL HARASSMENT POLICY. KORE FOUNDATION INC ASSURES THAT ALL EMPLOYEES FILING A GRIEVANCE OR COMPLAINT CAN DO SO WITHOUT FEAR OF RETALIATION OR REPRISAL. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE EXECUTIVE DIRECTORS COMPENSATION IS DETERMINED USING THE COMPARABILITY DATA AND REQUIRES BOARD OF DIRECTORS VOTE FOR APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 15B | ALL COMPENSATION REQIRES APPROVAL OF THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | PPP FORGIVENESS 57,059 ROUNDING ON DEPRECIATION 1 TOTAL 57,060 |