Cory Alexander Foundation Inc

Nonprofit profile at a glance

EIN
932884833
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Crozier, VA, USA
Phone
8043043463
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$160,000
Expenses
$232,450
Assets
$50

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

People named in this filing

  • CORY ALEXANDER (Chairman)
  • KRISTEN HARRIS-ALEXANDER (Executive Dir.)
  • AMY WILLIFORD-BREW (Vice Chairman)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The CORY ALEXANDER FOUNDATION is dedicated to instilling valuable life lessons through the medium of sports, specifically focusing on basketball. We recognize that basketball comprises various essential elements, and we intend to leverage each of these components to impart important teachings to the young individuals we aim to influence on and beyond the court.Our core areas of focus encompass Physical Health, Education, and the cultivation of a robust work ethic. Through our distinct programs, tailored curricula will cater to the diverse needs of each group, elevating their individual levels of physical well-being. Moreover, our court-based platform will serve as a catalyst for motivating our youth to excel academically, fostering an increased passion for education.A fundamental aspect of our mission is nurturing a tenacious work ethic among our participants, fostering benefits that transcend basketball and permeate every facet of their lives. By fostering a genuine passion for the ga

What it reported doing in 2024

The Cory Alexander Foundation has solely supported the partnership between Cory Alexander Basketball School and NextUp After School Program. The partnership operates in 7 Richmond City Public Middle Schools and provides basketball training after school to students grades 6-8. Cory Alexander Basketball School also provides basketball shoes, T-shirts, shorts, sweatshirts, sweatsuits, and backpacks to the students that reach the required attendance and conduct goals set forth in the contract signed by the students, their parents, and Cory Alexander Basketball School.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 9
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.3%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -45.3%; rating input score 2; 2nd percentile among comparable filings
  • 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 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 75.3% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: -199.7% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $224K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • 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.

  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.