CORPORATION FOR SOCIAL AND EDUCATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

LAURA ROMAN

Phone

7734678088

Tax Period

2023-01-01 to 2023-12-31

CORPORATION FOR SOCIAL AND EDUCATIONAL DEVELOPMENT, founded in 1967, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROMOTE INTELLECTUAL, MORAL, CULTURAL AND RELIGIOUS DEVELOPMENT IRRESPECTIVE OF RACE, COLOR, CREED, NATIONALITY AND FINANCIAL RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $1,524,374 Revenue: $57,589

PROMOTE, FUND AND GIVE MANAGEMENT SUPPORT TO CENTERS AND THEIR PROGRAMS AND ACTIVITIES THAT INCLUDE: VARIOUS PROGRAM SERVICE ACTIVITIES FOR TEENAGE GIRLS AND WOMEN TO INCLUDE: SPIRITUAL RETREATS...

PROMOTE, FUND AND GIVE MANAGEMENT SUPPORT TO CENTERS AND THEIR PROGRAMS AND ACTIVITIES THAT INCLUDE: VARIOUS PROGRAM SERVICE ACTIVITIES FOR TEENAGE GIRLS AND WOMEN TO INCLUDE: SPIRITUAL RETREATS; STUDY CLASSES; ELEMENTARY SCHOOL CLUBS; DAY CAMPS; LEADERSHIP PROGRAMS FOR HIGH SCHOOL, COLLEGE AND PROFESSIONAL WOMEN. DURING THE YEAR THERE WERE 150 CAMP PARTICIPANTS, 700 HIGH SCHOOL LEADERSHIP PROGRAM PARTICIPANTS, 1,225 EDUCATIONAL TRAINING PARTICIPANTS, 5,300 SPIRITUAL RETREAT PARTICIPANTS, 620 SOCIAL SERVICE PROJECT PARTICIPANTS, AND 575 YOUTH CLUB PARTICIPANTS.

Program 2

Expenses: $275,205

THE HOUSING OF VARIOUS INDIVIDUALS WORKING ON PROJECTS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $969,064

Program Service Revenue $33,941

Investment Income $580,289

Other Revenue $23,648

TOTAL REVENUE $1,606,942

Expense Breakdown

Grants Paid $1,055,141

Salaries & Benefits $227,683

Fundraising Expenses $5,848

Program Expenses $1,799,579

Other Expenses $587,156

TOTAL EXPENSES $1,869,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,606,942	$909,126	+0.8%
Expenses	$1,869,980	$1,308,689	+0.4%
Net Income	$-263,038	$-399,563	-0.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$80,647

Total Directors

$124,141

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ELISE ECKMAN	PRESIDENT	5.00	Officer Director	$10,010	$16,410	$26,420
ANN MARIE DEMPSEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA ROMAN	TREASURER	5.00	Officer Director	$10,010	$17,210	$27,220
OSEDE OSEZUA	SECRETARY	3.00	Officer Director	$10,010	$16,997	$27,007
PATRICIA ANDERSON	DIRECTOR	1.00	Director	$10,010	$10,388	$20,398
MARIA PILAR RACCA	DIRECTOR	1.00	Director	$7,606	$15,490	$23,096
MAUREEN KIERNAN	DIRECTOR	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$1,606,942	$1,869,980	$4,845,860	$-263,038
2022	$909,126	$1,308,689	$5,005,712	$-399,563
2021	$803,632	$1,068,073	$5,445,230	$-264,441
2020	$1,711,385	$1,013,971	$4,669,511	$697,414
2019	$857,756	$1,260,501	$4,905,337	$-402,745
2018	$773,636	$3,263,898	$5,401,256	$-2,490,262

CORPORATION FOR SOCIAL AND EDUCATIONAL DEVELOPMENT