The CORA Foundation Inc
Nonprofit profile at a glance
- EIN
- 161263983
- IRS 990 coverage
- 2022–2025
- Forms available
- Form 990 2025, Form 990-EZ 2020, Form 990-T 2020
- Location
- Syracuse, NY, USA
- Phone
- 3152185711
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $199,266
- Expenses
- $185,121
- Assets
- $758,479
- Liabilities
- $61,455
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Terry Eckert (President)
- Julia Ganson (Vice President)
People named in this filing
- Bob Gates (Board Member)
- Sharon Moran (Board Member)
- Gemma Cooper-Novack (Board Member)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ArtRage mission is to exhibit progressive art that inspires resistance and promotes social awareness; supports social justice, challenges preconceptions and encourages cultural change. Our goal is to provide ArtRage visitors with an experience that encourages the breakdown of boundaries so that people can see themselves in the work and then in one another. And that, we believe, is the seed of a movement for cultural and social change.
What it reported doing in 2025
The Organization generally averages five exhibitions per year, accompanied by a series of related community engagement programs such as artist talks and education presentations. Each exhibition season is carefully planned to feature a range of artistic media and diverse artists. To insure diversity, consideration is given to race, sex and geography when seeking artists and the range of social issues presented in the work. To expand our reach and build bridges with local groups, the Organization tries to mount every exhibition in collaboration with at least one local community group. All exhibitions must reflect our mission to embrace art and activism.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 30
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.2%; rating input score 75
- Program expense ratio: 77.1%; rating input score 77
- Fundraising efficiency: $11.14 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 7.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 4.1; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 9.9% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 15.9% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 75.2% of revenue deployed · 77.1% of spending went to programs
- Governance: 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $143K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
- Review — Sustainability: Operating margin scored 51/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 24/100.