The John Corcoran Foundation Inc.
Legal name: The John Corcoran Foundation Inc
Nonprofit profile at a glance
- EIN
- 330768938
- IRS 990-EZ coverage
- 2023–2023
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2015, Form 990-EZ 2023, Form 990-N 2021
- Location
- Oceanside, CA, US
- Phone
- 760-445-0229
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $117,634
- Expenses
- $59,801
- Assets
- $107,099
- Liabilities
- $22,000
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- John W Corcoran (President & CEO)
People named in this filing
- John W Corcoran (President & CEO)
- Kathleen Corcoran (Trustee)
- Colleen Mertes (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-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the John Corcoran Foundation, Inc. is to facilitate the prevention and eradication of illiteracy and sub-literacy in adults and children across America, through public awareness, creation and dissemination of resources, and training and mentoring through existing literacy organizations and educational programs.
What it reported doing in 2023
The John Corcoran Foundation, Inc. provides training for tutors and teachers and provides tutorial remedial reading programs in schools, online, and at the second nature learning center in Oceanside, California for students. The John Corcoran Foundation trains and employs reading specialists who work in California. Students are from oceanside unified school district, private, and charter schools and students who live in Aurora, Denver, and Thornton, Colorado.
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
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 82
- Sustainability: 76
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.3%; rating input score 49
- Program expense ratio: 96.9%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 49.2%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 1.79; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -12.3% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 50th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 6 operating locations identified
- Where the money goes: 49.3% of revenue deployed · 96.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $58K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.