CORESRQ INC

EIN: 842889884 501(c)(3)

VENICE, FL

Total Revenue
$3,572,784
Total Expenses
$3,884,375
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
JOHN CAMPBELL
Phone
9419558194
Tax Period
2023-01-01 to 2023-10-31

CORESRQ INC, founded in 2019, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

TO INSPIRE A HEALTHIER COMMUNITY THROUGH INNOVATIVE WELLNESS AND EDUCATION PROGRAMS FOR PEOPLE OF ALL AGES AND BACKGROUNDS.

Program Service Accomplishments

Program 1
Expenses: $253,077 Revenue: $98,151

COREKIDS SUMMER CAMP PROVIDED A SAFE ENVIRONMENT FOR 180 CHILDREN TO BE ACTIVE, CREATE A POSITIVE SOCIAL EXPERIENCE AND CONTINUE LEARNING FOR EIGHT FULL WEEKS DURING THE SUMMER. WE WERE ABLE TO...

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COREKIDS SUMMER CAMP PROVIDED A SAFE ENVIRONMENT FOR 180 CHILDREN TO BE ACTIVE, CREATE A POSITIVE SOCIAL EXPERIENCE AND CONTINUE LEARNING FOR EIGHT FULL WEEKS DURING THE SUMMER. WE WERE ABLE TO PROVIDE FINANCIAL ASSISTANCE VALUED AT $18,600 TO THOSE WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO PARTICIPATE IN THE PROGRAM. WE CREATE INNOVATIVE WEEKLY THEMES TO KEEP CAMPERS ENGAGED AND INSPIRE THE DISCOVERY OF NEW FRIENDSHIPS. OUR CAMPS ARE BUILT AROUND INCORPORATING SOCIAL-EMOTIONAL LEARNING PROGRAMS THAT ARE NOT TAUGHT IN SCHOOLS. IN ADDITION, WE PROVIDE ENHANCED SUMMER READING CHALLENGES WHICH ARE PROVEN TO PREVENT CHILDREN FROM REGRESSING ACADEMICALLY DURING THE SUMMER MONTHS.

Program 2
Expenses: $143,560 Revenue: $429,622

COREAQUATICS IS AN INTEGRAL PART OF OUR COMMUNITY IN PROVIDING LIFE SAVING SKILLS INCLUDING LIFEGUARD TRAINING AND CPR INSTRUCTION. CORESRQ PROVIDED SWIM INSTRUCTION TO OVER 1,071 2ND GRADE STUDENTS...

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COREAQUATICS IS AN INTEGRAL PART OF OUR COMMUNITY IN PROVIDING LIFE SAVING SKILLS INCLUDING LIFEGUARD TRAINING AND CPR INSTRUCTION. CORESRQ PROVIDED SWIM INSTRUCTION TO OVER 1,071 2ND GRADE STUDENTS IN COLLABORATION WITH MONDA KIDS SWIM AND THE SARASOTA COUNTY PUBLIC SCHOOLS. OUR SPECIAL NEEDS SWIM LESSONS TEACH CHILDREN TO SWIM IN A WAY THAT'S TAILORED TO THEIR ABILITIES AND LEARNING STYLE. CORESRQ ALSO PROVIDED SWIM CAMP DURING THE SUMMER MONTHS FOR 175 CHILDREN WHO WANTED TO LEARN TO SWIM OR ENHANCE THEIR SWIMMING AND WATER SAFETY SKILLS. WE PROVIDED OVER $11,267 IN FINANCIAL ASSISTANCE TO THOSE FAMILIES WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO PARTICIPATE IN THE PROGRAM. CORESRQ PROVIDES THE COMMUNITY WITH AQUATIC FITNESS CLASSES INCLUDING THERAPEUTIC WATER CLASSES SUCH AS AQUATIC YOGA, RANGE OF MOTION, AEROBICS, LAP SWIMMING, AND WATER WALKING TO ALL AGES AND ABILITIES.

Program 3
Expenses: $3,002,456 Revenue: $2,684,966

CORESRQ INSPIRES A HEALTHIER COMMUNITY THROUGH ITS INNOVATIVE WELLNESS AND EDUCATIONAL PROGRAMS FOR PEOPLE OF ALL AGES, BACKGROUNDS AND ABILITIES. THE PROGRAMS THAT CORESRQ PROVIDES ARE...

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CORESRQ INSPIRES A HEALTHIER COMMUNITY THROUGH ITS INNOVATIVE WELLNESS AND EDUCATIONAL PROGRAMS FOR PEOPLE OF ALL AGES, BACKGROUNDS AND ABILITIES. THE PROGRAMS THAT CORESRQ PROVIDES ARE MISSION-DRIVEN. NO COMMUNITY MEMBER IS TURNED AWAY FROM PARTICIPATING IN OUR PROGRAMS AND MEMBERSHIP FOR AN INABILITY TO PAY.CORESRQ PROVIDED $98,583 IN FINANCIAL ASSISTANCE TO OVER 731 UNDERSERVED FAMILIES, ADULTS AND CHILDREN FROM SARASOTA COUNTY PROVIDING THEM WITH ACCESS TO CORESRQ PROGRAMS AND SERVICES. WE PROVIDE MORE THAN 200 IN PERSON CLASSES WEEKLY AS WELL AS ON-DEMAND VIRTUAL CLASSES. VARIOUS CLASS OPTIONS INCORPORATE CARDIO, STRENGTH, FLEXIBILITY, BALANCE AND FELLOWSHIP TO INSPIRE A HEALTHIER COMMUNITY. CORESRQ'S CERTIFIED COACHES PROVIDE OVER 400 PARKINGSON'S CYCLING CLASSES ANNUALLY THAT ARE PROVEN TO REDUCE THE NEGATIVE EFFECTS OF PARKINSON'S DISEASE. THIS CLASS IS OFFERED TO PERSONS LIVING WITH THIS DISEASE AND OTHERS WHO SUFFER FROM SIMILAR NEUROLOGICAL EFFECTS. EDUCATIONAL PROGRAMS ARE AVAILABLE FOR CHILDREN THAT SUPPLEMENT SCHOOL LEARNING OR ADDRESSING EDUCATION THAT IS NEGLECTED BY SCHOOL PROGRAMS. CORESRQ PROVIDES VOLUNTEER OPPORTUNITIES FOR SENIORS, ADULTS AND CHILDREN. THROUGH STRATEGIC COMMUNITY PARTNERSHIPS AND INNOVATIVE PROGRAMMING, CORE SRQ PROVIDES SERVICES TO UNSERVED AND UNDERSERVED MEMBERS OF OUR COMMUNITY TO ENHANCE THEIR PHYSICAL, EMOTIONAL AND SOCIAL WELL-BEING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $351,893
Program Service Revenue $2,860,882
Investment Income $8,052
Other Revenue $351,957
TOTAL REVENUE $3,572,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,094,996
Fundraising Expenses $52,564
Program Expenses $3,399,093
Other Expenses $1,789,379
TOTAL EXPENSES $3,884,375

Year-over-Year Comparison

2023 2022 Change
Revenue $3,572,784 $4,660,414 -0.2%
Expenses $3,884,375 $4,122,141 -0.1%
Net Income $-311,591 $538,273 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
490
Volunteers
125

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
6
$228,161
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIN KAGALWALA DIRECTOR 3.00
Director
$0 $0 $0
ELIZABETH SODERBERG CHAIR 10.00
Officer Director
$0 $0 $0
LUCIA BARRETT SECRETARY 3.00
Officer Director
$0 $0 $0
LAUREN KOHL DIRECTOR 3.00
Director
$0 $0 $0
SHANA MEADOWS TREASURER 3.00
Officer Director
$0 $0 $0
RHONDA KAPUSTA EXECUTIVE DIRECTOR 45.00
Officer
$60,577 $5,827 $66,404
LISA MESKIL EXECUTIVE DIRECTOR 45.00
Officer
$56,250 $6,100 $62,350
JESSICA MITCHELL-HIRED 41122 CEO 45.00
Officer
$95,192 $4,215 $99,407
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
2023 $3,572,784 $3,884,375 No data $-311,591
2022 $4,660,414 $4,122,141 $5,757,827 $538,273
2021 $3,836,735 $3,895,924 $5,062,658 $-59,189
2020 $4,088,408 $3,527,573 $4,886,370 $560,835
2019 $1,519,528 $1,222,788 $507,680 $296,740
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