Korp Foundation

Nonprofit profile at a glance

EIN
873544906
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Buffalo, NY, USA
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development Programs

Reported finances

Revenue
$129,758
Expenses
$126,778
Assets
$2,980

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Christopher Banks (President and Chair)
  • Sheana Vandyne (Executive Director)

People named in this filing

  • Christopher Banks (President and Chair)
  • Amanda Human (Secretary)
  • Sheana Vandyne (Executive Director)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our Purpose is to to empower individuals and communities by providing the resources guidance and opportunities needed to fully engage in education and careers through arts and technology. In 2024 We have served 25 Individuals in which 22 individuals received at least one nationally recognized industry standard certifications in Salesforce. 6 out of the 22 individuals obtained employement with aggegate total of over $288,000 in annual salary. The positions are remote positions from companies outside of the Buffalo Region which brought this new money into the region.

What it reported doing in 2025

Provided Workforce Development Training and Job Obtainmnet Support for 35 individuals. & unemployed individuals. 100% of all trainees received a certification 7 of which obtained a job making atlease $78,000 per year. These Jobs are remote which brought over $288,000 per year into their community.

Operating model

Revenue model
Earned-program. 88% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 20
  • Growth: 40

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

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

Sustainability

  • Operating margin: 2.3%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 51.3%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: -7.6% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -149.8% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $130K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • 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.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.