Corespring Inc
Nonprofit profile at a glance
- EIN
- 461855799
- IRS 990 coverage
- 2014–2019
- Forms available
- Form 990 2019
- Location
- New York, NY, USA
- Phone
- 6465438597
- Rating confidence
- Limited
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $0
- Expenses
- $19,763
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- GWENDOLYN BAKER (DIRECTOR)
- CHRISTINE BODOIN (DIRECTOR)
- DANIEL ABRAMSON (SECRETARY & TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Corespring's mission is to serve as a clearinghouse for high quality content that may be used by educators to improve educational outcomes and achieve college and career readiness goals. The organization was formed to support educators, students and schools in preparing students for college, careers and achieving their educational goals, through: (1) providing a clearinghouse and platform for educational content, (2) developing, identifying and distributing high quality educational materials, and (3) providing access to and encouraging the use of technology in schools to improve student outcomes by addressing the specific needs of individual students.
What it reported doing in 2019
Corespring, inc. Is a content and technology service for k-12 educators. Key program elements include: content collectionsthe corespring content collections are a bank of assignment items across grades k12 and important for achieving college and career readiness (e.g., mathematics, english language arts, literacy, science). Corespring transforms the open education resources sourced from respected authors, reviews them for rigor and quality, and tags them the items using a common template ( e.g., college ready standards, bloom's taxonomy, key skills).authoringcorespring's authoring tool brings ease to authoring technology enhanced items with a wysiwyg user interface. The authoring tool provides access to a library of customizable questions, from simple interactions to more advanced.technology platformcorespring's platform is designed for quick, consistent delivery of assessments to large numbers of students. The technology use redundant, linearly scalable systems. The embeddable components (authoring tools, player, content management) can be directly integrated into any web-based platform, allowing for the delivery of assessment functionality to teachers and students. The powerful rest apis allows developers full control of the content and data in any application.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 8
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 46.7%; rating input score 47
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -48.2% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -59.9% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -65.5% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 46.7% of spending went to programs
- Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $9K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2014 to 2019
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.