Coro New York Leadership Center
Nonprofit profile at a glance
- EIN
- 133571610
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2122482935
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Civil Rights, Social Action, Advocacy N.E.C.
Reported finances
- Revenue
- $1,923,358
- Expenses
- $2,014,807
- Assets
- $496,458
- Liabilities
- $1,216,002
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- ADEM BUNKEDDEKO (EXECUTIVE DIRECTOR)
Highest reported compensation
- GARRETT LUCIEN (VP PROGRAM & TRAINING): $108,749 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Coro is a New York city's premier leadership training program and a community of 2,000 alumni across business, govertment, schools and non-profits that is shaping the city's future. For nearly 30 years, coro has used the city as its classroom teaching students and executives, activists and entrepreneurs how New York city works so that they can make it better.
What it reported doing in 2024
Coro fellows: the coro fellows program is a nine-month, full time, leadership training program that prepares diverse, talented, and committed individuals for effective and ethical leadership in the public arena. 12 fellows are selected from a highly competitive pool of applicants, who are committed to bringing about change in New York city. Unconventional by traditional academic standards. The coro fellows program in public affairs is rigorous and demanding, combinig experiential learning, interactions with private, public, and non-profit decision-makers, and development in analytical, group governance, and communication skills.
Operating model
- Revenue model
- Donor-supported. 70% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 21
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.9%; rating input score 59
- Program expense ratio: 56.1%; rating input score 56
- Fundraising efficiency: $6.05 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.8%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 2.45; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 5.4%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: -4.9% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -2.6% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -4.5% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 58.9% of revenue deployed · 56.1% of spending went to programs
- Governance: 30 of 30 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $109K · 32 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.