The CORA Foundation Inc

EIN: 161263983 501(c)(3) Arts, Culture & Humanities

Syracuse, NY

Total Revenue
$397,861
Total Expenses
$182,154
Total Assets
$747,320
Net Assets
$682,879
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
Jeff Unaitis
Phone
3152185711
Tax Period
2024-07-01 to 2025-06-30

The CORA Foundation Inc, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $398K in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $216K, a strong 54% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $364,950
Program Service Revenue $0
Investment Income $10,806
Other Revenue $22,105
TOTAL REVENUE $397,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,405
Fundraising Expenses $13,157
Program Expenses $140,333
Other Expenses $94,749
TOTAL EXPENSES $182,154

Year-over-Year Comparison

2024 2023 Change
Revenue $397,861 $194,801 +1.0%
Expenses $182,154 $191,212 0.0%
Net Income $215,707 $3,589 +59.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stasya Erickson Board Member 1.00
Director
$0 $0 $0
Sharon Moran Board Member 1.00
Director
$0 $0 $0
Pam McLaughlin Board Member 1.00
Director
$0 $0 $0
Nancy Keefe Rhodes Board Member 1.00
Director
$0 $0 $0
Miesha Shih Board Member 1.00
Director
$0 $0 $0
Mary Traynor Board Member 1.00
Director
$0 $0 $0
Walter Putter Board Member 1.00
Director
$0 $0 $0
Jeff Unaitis President 2.00
Officer
$0 $0 $0
Christine Flynn Vice President 2.00
Officer
$0 $0 $0
Susan Wadley Secretary 2.00
Officer
$0 $0 $0
Terry Eckert Treasurer 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $397,861 $182,154 $747,320 $215,707
2024 $194,801 $191,212 $536,884 $3,589
2023 $440,901 $193,232 $535,954 $247,669
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