PLATINUM2023

CORE FOUNDATION

"Be the change you want to see in the world" (Ghandi)

Reston, VA   |  www.corefoundation.org
GuideStar Charity Check

CORE FOUNDATION

EIN: 20-5997764


Mission

CORE Foundation ignites and supports charitable projects which address societal needs, build community, and enable positive change.

Ruling year info

2007

CEO

Ms. Taralyn Kohler

Main address

PO Box 3631

Reston, VA 20195 USA

Show more contact info

EIN

20-5997764

Subject area info

Education services

Philanthropy

Health

Leadership development

Sports and recreation

Population served info

Children and youth

Adults

Economically disadvantaged people

People with diseases and illnesses

Veterans

NTEE code info

Management & Technical Assistance (T02)

Fund Raising and/or Fund Distribution (T12)

Management & Technical Assistance (W02)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

At CORE Foundation, we ignite and support charitable projects that address societal needs, build community, and enable positive change. For 17 years, CORE has nurtured innovative charitable ideas turning them into executable projects that improve the lives of others, filling gaps, and seeding unmet needs in the community. Serving as an incubator, our 35 + CORE Cause projects have ranged from COVID-19 relief, humanitarian support, cancer patient support and research, championing veterans’ needs, battling homelessness and food insecurity, and providing youth sports opportunities to kids experiencing financial hardship along with para and adaptive athletes. Each Cause project receives nonprofit infrastructure, administrative backbone, resources, tools, and strategic mentoring.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Racing in Reston Series

The Racing in Reston series is comprised of the Reston Sprint Triathlon, The Reston Triathlon, and the Reston Superhero Youth Triathlon. We use fundraising as a means to raise funds for the Foundation and build community.

Population(s) Served
Adults
Economically disadvantaged people

The mission of CORE Foundation is to ignite and support charitable projects that address societal needs, build community, and enable positive change. For 17+ years, CORE has nurtured innovative charitable ideas turning them into executable projects that improve the lives of others, filling gaps, and seeding unmet needs in the community.
Serving as an incubator, our 35+ CORE Cause projects range from COVID-19 and humanitarian support, cancer patient support and research, championing veterans’ needs, battling homelessness and food insecurity, and providing youth sports opportunities to kids experiencing financial hardship along with para and adaptive athletes. Each Cause project receives nonprofit infrastructure, administrative backbone, resources, tools, and strategic mentoring to ignite their project for social good.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Dollars donated to support advocacy efforts

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Racing in Reston Series

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

As of 2021, CORE Foundation raised over $430,000 since 2007. Our CORE Cause projects have donated thousands of dollars to various outreach projects. 2022 #s will be added soon.

Total number of volunteer hours contributed to the organization

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Racing in Reston Series

Type of Metric

Input - describing resources we use

Direction of Success

Holding steady

Context Notes

Hundreds of Volunteers are involved in RST. In 2021, the in-person event returned at 50% capacity.

Number of stakeholders/stakeholder groups with whom communication has been achieved and expectations shared

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged people

Related Program

Racing in Reston Series

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Stakeholders from across the spectrum share the expectations and enjoy the achievements of CORE Foundation - charitable sponsors, directors, volunteers, athletes, participants, and benefactors.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

CORE Foundation helps incubate ideas to address the greatest needs in our community. After a need and project plan is brought to us, we identify support for the plans and contributes resources to launch the project. We market the initiatives and provides an infrastructure that improves the individual or organization's chances of success to serve our community.

We know the challenges people have doing good work. From launching charitable projects, to executing on a plan, we improve the chances of a project's success. After receiving a request for support, we set up a meeting to understand the vision of the individual or the issue the organization faces. Once the CORE Foundation reviews and selects the individual or organization, we develop a plan to help them achieve their goals.

For 17 years we have served the community through our projects called CORE Causes. From insurance to banking to tax reporting to mentoring, our focus is on the back-office support organizations and assisting social entrepreneurs with the resources needed to successfully carry out their charitable project. We also leverage best practices among our CORE Cause leaders.

CORE Foundation has enjoyed much success in attaining the goal of helping social entrepreneurs and small charity minded organizations to make a positive change on the world. Here are several examples of our accomplishments:

Curing the COVID-19 pandemic, CORE Causes: Desks for Distance, Essentials for Education, and Woodworking with a Purpose help kids in need overcome the obstacles they face with distance learning. These three groups build and/or distributed over 4000 desks and other educational items to students learning from home.

The Cheryl Foyock Foundation, a CORE Cause, supports and advances the quality of child life programs that help children and their families during challenging and traumatic hospital admissions. With a focus on expanding the reach and impact of therapeutic play, the Sarah Fyock Foundation has delivered over 300 care kits in the first month of being under CORE's leadership.

CORE has contributed over $600,000 for Cornerstones since the race was founded in 2007 through the Reston Sprint Triathlon. Cornerstones is a nonprofit organization that promotes self-sufficiency by providing support and advocacy for those in need of food, shelter, affordable housing, quality childcare, and other human services.

CORE Cause Project, Amy's Amigos Youth Triathlon benefits the Childhood Brain Tumor Foundation. Amy's Amigos have raised over $150,000 for the Childhood Brain Tumor Foundation since the race was founded in 2011.

Radford University Sig Ep Brothers by the Wayside hosts an annual events to raise money for those that need temporary help due to an unforeseen illness or personal tragedy.

Helping Hungry Kits provides thousands of weekend food bags every year for school kids with food insecurity.

CORE Cause Alumni, Off the Charts Club, provided comfort and empower children with cancer through the leadership of their peers. Their ultimate goal is to help kids escape their medical charts and experience a childhood that is "off the charts" enjoyable.

CORE Foundation will continue embracing these missions and empowering the social entrepreneurs to do their good work by providing them with back office support and guidance.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

CORE FOUNDATION
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1.59

Average of 0.98 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

5.3

Average of 3.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

21%

Average of 5% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

CORE FOUNDATION

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

CORE FOUNDATION

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

CORE FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of CORE FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$5,797 $31,962 $59,469 $20,976 $13,580
As % of expenses -5.0% 27.8% 22.6% 4.8% 2.3%
Unrestricted surplus (deficit) after depreciation -$5,797 $31,962 $59,469 $20,976 $13,580
As % of expenses -5.0% 27.8% 22.6% 4.8% 2.3%
Revenue composition info
Total revenue (unrestricted & restricted) $110,415 $146,859 $322,382 $453,991 $605,081
Total revenue, % change over prior year -23.7% 33.0% 119.5% 40.8% 33.3%
Program services revenue 0.0% 0.4% 43.1% 27.0% 43.3%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.1% 0.2% 0.0% 0.0% 0.1%
Government grants 0.0% 0.0% 0.0% 4.6% 1.8%
All other grants and contributions 99.2% 99.4% 56.8% 68.5% 54.8%
Other revenue 0.7% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $116,461 $114,897 $262,913 $433,015 $591,501
Total expenses, % change over prior year -19.4% -1.3% 128.8% 64.7% 36.6%
Personnel 0.0% 2.7% 27.3% 37.0% 32.9%
Professional fees 5.8% 6.6% 7.1% 5.2% 3.9%
Occupancy 2.6% 2.7% 2.0% 1.1% 1.3%
Interest 1.9% 4.1% 0.8% 0.0% 0.1%
Pass-through 63.3% 58.1% 30.6% 22.2% 29.7%
All other expenses 26.4% 25.8% 32.1% 34.5% 32.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $116,461 $114,897 $262,913 $433,015 $591,501
One month of savings $9,705 $9,575 $21,909 $36,085 $49,292
Debt principal payment $0 $10,582 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $126,166 $135,054 $284,822 $469,100 $640,793

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 4.6 7.0 7.0 6.9 5.3
Months of cash and investments 4.7 7.1 11.6 9.7 7.4
Months of estimated liquid unrestricted net assets 1.0 4.3 4.6 3.4 2.7
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $44,160 $67,413 $153,792 $248,543 $261,066
Investments $1,017 $1,032 $100,032 $100,042 $101,595
Receivables $0 $0 $500 $2,000 $0
Gross land, buildings, equipment (LBE) $3,272 $3,272 $3,272 $3,272 $3,272
Accumulated depreciation (as a % of LBE) 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities (as a % of assets) 79.5% 43.1% 60.6% 65.4% 62.7%
Unrestricted net assets $9,256 $41,218 $100,687 $121,663 $135,243
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $9,256 $41,218 $100,687 $121,663 $135,243

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

CEO

Ms. Taralyn Kohler

Taralyn works closely with the CORE Board, advocates for the foundation’s mission, creates the foundation’s strategy, and sets the direction for the future of the foundation.

Number of employees

Source: IRS Form 990

CORE FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

CORE FOUNDATION

Board of directors
as of 01/25/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Doug Bushée

Gartner

Term: 2022 - 2024

Cheryl Fyock

Deloitte

Lee Bergstrom

Lockheed

Phil Vera

Xmedius

Dave Hurley

National Park Service

Brian Fyock

Crowell Mooring

Jennifer Harper

Publisher

Gina Healey

Portum Trust

Brett Fox

Hopecam

Ted Craig

Red Hat

James Hottle

Movement Mortgage

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 1/25/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 02/01/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.