THE CORDA FOUNDATION

EIN: 562206344 501(c)(3) Arts, Culture & Humanities

CHAPEL HILL, NC

Total Revenue
$3,319,556
Total Expenses
$1,198,735
Total Assets
$3,493,221
Net Assets
$3,487,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
WOODROW E LOMAS II
Phone
9199330104
Tax Period
2025-01-01 to 2025-12-31

THE CORDA FOUNDATION, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 2032% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 64% operating margin.

Mission

TO ASSEMBLE AND PRESERVE THE ARTISTIC WORKS OF DAVID ROSENMANN-TAUB AND TO MAKE THEM AVAILABLE WORLDWIDE.

Program Service Accomplishments

Program 1
Expenses: $1,193,668

COMPLETED A PARTNERSHIP AGREEMENT IN OCTOBER 2025 WITH THE HISPANIC SOCIETY MUSEUM & LIBRARY (HMSL) OF NEW YORK CITY. AGREEMENT, FORMALIZED IN CONTRACT AND AN $1M INITIAL DONATION, INCLUDES...

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COMPLETED A PARTNERSHIP AGREEMENT IN OCTOBER 2025 WITH THE HISPANIC SOCIETY MUSEUM & LIBRARY (HMSL) OF NEW YORK CITY. AGREEMENT, FORMALIZED IN CONTRACT AND AN $1M INITIAL DONATION, INCLUDES DEVELOPING A ROOM DEDICATED TO THE ARCHIVAL OF DAVID ROSENMANN-TAUB'S WORKS INCLUDING POETRY MANUSCRIPTS, MUSICAL RECORDINGS, AND DRAWINGS. THIS AREA WILL BE FURNISHED WITH THE POET'S FURNITURE, PERSONAL BELONGINGS AND WORKING MATERIALS. THE PARTNERSHIP WILL CREATE A POETRY CENTER THAT WILL FUNCTION YEAR-ROUND WITH DISPLAYS, LIVE ACTIVITIES AND PERFORMANCES OF POETRY, MUSIC AND VISUAL ART. AN EXTENSIVE SEARCH OF CANDIDATES WAS INITIATED TO SELECT A FULL-TIME CURATOR TO MANAGE THE POETRY CENTER AT HSM&L AS WELL AS TO CONTINUE THE PROMOTION AND PRESERVATION OF THE ARTISTIC WORKS OF DAVID ROSEMNANN-TAUB. MAINTAINED AND IMPROVED THE FOUNDATION'S 5 WEBSITES AND CONTRIBUTED TO OTHER WEBSITES WHICH FEATURE THE WORK OF DAVID ROSENMANN-TAUB. ACTIVITY INCLUDED MAINTENANCE OF WEBSITES AT THE UNIVERSITY OF CHILE, THE NATIONAL LIBRARY OF CHILE, A SPANISH LANGUAGE BLOG SITE, THE MAINTENANCE OF THE DAVID ROSENMANN-TAUB SECTION OF THE CERVANTES VIRTUAL SITE, FACEBOOK, INSTAGRAM AS WELL AS THE CORDA FOUNDATION, AWARD, MUSIC, DRAWING AND POETRY WEBSITES. REVISED THE POETRY WEBSITE, ADDING REFERENCE MATERIAL, INCLUDING ONE ARTICLE AND INTERVIEW AND ONE VIDEO. COMPLETED THE TRANSLATION INTO SPANISH OF THE DRAWING WEBSITE, ADDING TWO VIDEOS. COMPLETED A PROJECT TO CONSOLIDATE 4 OF 5 OF THE FOUNDATION'S WEBSITES INTO A SINGLE, INTEGRATED AND UP TO DATE SITE. CONTINUED AN AWARDS PROGRAM FOR ORIGINAL ESSAYS AND SCHOLARLY PAPERS BY UNDERGRADUATE, GRADUATE STUDENTS, PROFESSIONAL SCHOLARS AND FOR POETRY TRANSLATIONS INTO ANY LANGUAGE. CONTACTED PROFESSORS IN CHILE TO IDENTIFY CANDIDATES FOR ADVANCED DEGREES WHO WOULD PARTICIPATE IN THE PROGRAM. CONTINUED TO PRESERVE ARCHIVAL MATERIAL BY EDITING AND COPYING MUSIC AND VIDEO ORIGINALLY RECORDED DIGITALLY OR ON MAGNETIC TAPE. MAINTAINED A MUSIC AND VIDEO RECORDING DATABASE TO CATALOGUE MORE THAN 1200 HOURS OF MUSICAL AND VOICE RECORDINGS AND VIDEOTAPES. ADDED SCORES TO TWO VIDEO RECORDINGS. PRODUCED ENGLISH TRANSLATIONS OF TWO BOOKS OF POETRY. INCLUDED THESE IN SUBTITLE ON VIDEO AS RECORDINGS OF COMPLETE BOOKS. PUBLISHED ON VIMEO AND EXCERPTS ON YOU TUBE. ADDED LINKS TO WEBSITES TO YOU TUBE VIDEO DESCRIPTIONS. REPORTED ACCOMPLISHMENTS TO VOLUNTEERS AND CONTRIBUTORS.REVISED AND UPDATED A DRAWING DATA BASE ADDING 18 ORIGINAL DRAWINGS.ANOTHER BOOK OF ORIGINAL POETRY WAS ASSEMBLED FOR PUBLICATION IN CHILE FOR 2026. ARRANGED ADVANCE WORK FOR PRESENTATION OF THE BOOK WITH THE PUBLISHER. COMPLETED THE TRANSCRIPTION, INDEXING AND ARCHIVAL OF MORE THAN 25 ADDITIONAL PAGES OF RECORDED NARRATIVE BY DAVID ROSENMANN-TAUB. CONTINUED THE DEVELOPMENT OF DOCUMENTARY VIDEOS, OF COMMENTARY BY AND ABOUT DAVID ROSENMANN-TAUB INCLUDING INTERVIEWS WITH THE POET HIMSELF, LITERARY CRITICS AND OTHER RENOWNED POETS. RELEASED TO YOU TUBE A VIDEO ADAPTATION OF THE BOOK "ALM-ERIA" BY DAVID ROSENMANN-TAUB. COMPLETED AN ANNOTATED COMPILATION OF POEMS IN VIDEO. RELEASED THE VIDEO "LANGUAGE OF REALITY" TO VIMEO AND YOU TUBE. RELEASED FULL LENGTH MUSIC AND POETRY VIDEOS (DAGGER OF LIFE AND EN UN LUGAR DE LA SANGRE) TO YOU TUBE. PASSED 2000 SUBSCRIBERS ON CORDA YOU TUBE CHANNEL. CONTINUED TO COMPLETION A PROJECT TO PLACE COLLECTIONS OF DAVID ROSENMANN-TAUB'S BOOKS AND MUSICAL RECORDINGS IN THE MOST IMPORTANT LIBRARIES IN THE US. CONTACTED MORE THAN 200 LIBRARIES AND SHIPPED MORE THAN 900 BOOKS AND 800 MUSIC RECORDINGS BOOKS TO SUPPLEMENT THEIR COLLECTIONS. RESERVED A COLLECTION OF ALL BOOKS AND MUSICAL RECORDING FOR ARCHIVAL PRESERVATION. RECEIVED, THROUGH A BEQUEST FROM THE POET'S ESTATE, HIS VAST COLLECTION OF BOOKS AND RECORDINGS. CONTINUED THE TASK TO DESCRIBE AND INVENTORY THIS EXTENSIVE LIBRARY. DIGITIZED AND ARCHIVED MORE THAN 4 HOURS OF ANALOG VIDEO RECORDING OF MUSIC PERFORMANCES BY DAVID ROSENMANN-TAUB. THE INVENTORY OF THE FOUNDATION'S COLLECTION OF DAVID ROSENMANN-TAUB'S ARTISTIC WORKS WAS UPDATED AND EXPANDED TO INCLUDE DEFINITION OF PHYSICAL SPACE REQUIRED FOR PHYSICAL AND DISC STORAGE AND ESTIMATES OF THE SIZE OF DIGITAL CONTENT. CONTINUED TO MAINTAIN A SECURE, CLIMATE-CONTROLLED FACILITY FOR THE ASSEMBLY, ARCHIVAL AND STORAGE OF VIDEO AND AUDIO RECORDINGS, MANUSCRIPTS AND ORIGINAL DRAWINGS.INITIATED A PROJECT TO DIGITIZE AND REPUBLISH BOOKS OF POETRY. FIRST EBOOK EDITION EXPECTED TO BE PUBLISHED IN 2026. VISITED SANTIAGO, CHILE FOR TWO WEEKS MEETING WITH PUBLISHERS, BOARD ADVISORS AND JOURNALISTS TO ESTABLISH NEW PROJECTS AND SUPPORT THOSE ONGOING DEDICATED TO THE PROMOTION OF THE ARTISTIC WORK OF DAVID ROSENMANN-TAUB.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,914,613
Program Service Revenue $0
Investment Income $1,406,445
Other Revenue $-1,502
TOTAL REVENUE $3,319,556

Expense Breakdown

Grants Paid $1,000,000
Salaries & Benefits $44,000
Fundraising Expenses $0
Program Expenses $1,193,668
Other Expenses $154,735
TOTAL EXPENSES $1,198,735

Year-over-Year Comparison

2025 2024 Change
Revenue $3,319,556 $155,682 +20.3%
Expenses $1,198,735 $202,365 +4.9%
Net Income $2,120,821 $-46,683 -46.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
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
3
$44,000
Total Directors
11
$44,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK C CRAWFORD DIRECTOR 5.00
Director
$0 $0 $0
TIMOTHY CROUSE DIRECTOR 8.00
Director
$0 $0 $0
BILLIE STRAUB DIRECTOR 15.00
Director
$0 $0 $0
HAROLD LINDENTHAL DIRECTOR 5.00
Director
$0 $0 $0
FERNANDO SARMIENTO DIRECTOR 20.00
Director
$0 $0 $0
ROBERT LINCOLN DIRECTOR 5.00
Director
$0 $0 $0
ROBERT LOSEE DIRECTOR 15.00
Director
$0 $0 $0
JOHN POPE DIRECTOR 10.00
Director
$0 $0 $0
VALERIE YOUNG SECRETARY 5.00
Officer Director
$0 $0 $0
VIRGINIA ODESSKY TREASURER 25.00
Officer Director
$44,000 $0 $44,000
WOODROW E LOMAS II PRESIDENT 20.00
Officer 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
2025 $3,319,556 $1,198,735 $3,493,221 $2,120,821
2024 $155,682 $202,365 $2,595,640 $-46,683
2023 $103,285 $246,119 $2,641,717 $-142,834
2022 $87,349 $236,322 $2,784,694 $-148,973
2021 $126,765 $306,825 $2,957,987 $-180,060
2020 $185,393 $294,478 $3,165,765 $-109,085
2019 $282,290 $351,316 $3,314,164 $-69,026
2018 $187,621 $368,757 $3,426,857 $-181,136
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