Overview
What is Cortex?
Cortex is a thriving nonprofit organization based in St. Louis, Missouri, founded in 2002. It serves as the manager of St. Louis Land Company (SLLC), a Missouri limited liability company, which holds and develops a 200-acre tract of land in midtown St. Louis. Cortex's primary mission is to create St. Louis' premier innovation hub in bioscience and technology research, development, and commercialization. By master-developing an innovation district, Cortex translates university research into new scientific breakthroughs, fosters entrepreneurial endeavors, and provides training for new economy jobs in bioscience, cybersecurity, and technology. With a team of 23 employees, Cortex generates equitable economic impacts by leveraging high-quality facilities, developing knowledge and networking programs, and attracting and supporting emerging and established companies.
Official website here: www.cortexstl.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star Rating)
Cortex has achieved an impressive 96% score on Charity Navigator, reflecting its strong commitment to accountability and financial management. A Four-Star rating indicates that the organization operates with a high level of transparency and responsibility, which is critical for donor trust and engagement. The rating is based solely on the Accountability & Finance beacon, underscoring the organization's exemplary fiscal oversight.
The strengths of Cortex are evident in its independent governance structure, featuring a fully independent board with 24 members. This governance not only enhances decision-making but ensures that potential conflicts of interest are effectively managed. Additionally, the organization has demonstrated fiscal integrity, with no material diversion of assets reported and a program expense ratio of 85.49%, indicating that a substantial portion of its budget is allocated directly to its mission-driven activities.
While the feedback highlights strong operational practices, there is no detailed information provided regarding program outcomes or community impact. This lack of insight does not diminish its financial accountability but suggests that potential donors may want to seek additional information on the effectiveness of its programs. Overall, Cortex stands out as a well-managed nonprofit with a clear focus on financial health and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cortex?
94% of 24 reviewers on Facebook recommend this nonprofit. Here is a summary of their reviews:
Most users appreciate the page and express positive sentiments, highlighting the quality of information and resources available. They find the content engaging and valuable, indicating a solid reception to the services offered by Cortex. However, specific details regarding the nonprofit's mission or programs are not mentioned, limiting a deeper insight into the actual impact.
Overall, the nonprofit appears to have a favorable reputation, with users feeling welcomed and informed by the online presence. This suggests that Cortex manages to capture the interest of its audience, fostering a supportive community around its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Cortex legitimate?
Cortex is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cortex submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,021,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,563
For more financial information, click here
Official website here: www.cortexstl.org
What is the mission statement of Cortex?
Cortex is a thriving innovation hub founded in 2002, dedicated to translating university research into commercial applications in the fields of bioscience and technology. Its mission revolves around creating a premier research, development, and commercialization center that serves as an anchor for innovative startup programs and established companies. By developing programs, building networks, and fostering strategic partnerships, Cortex aims to revitalize urban areas and contribute to the growing ecosystem of innovative businesses. In addition to managing real estate developments, Cortex also oversees a land holding entity, leveraging high-quality facilities and urban revitalization efforts to create equitable economic impacts.
Official website here: www.cortexstl.org
Who is the CEO of Cortex?
Salvatore J Fiorello is the Principal Officer of Cortex. The CEO's salary of Cortex is $415,000 and their total compensation is $459,901.
Official website here: www.cortexstl.org
What is the revenue of Cortex?
Cortex's revenue in 2022 was $34,866,238.
Official website here: www.cortexstl.org
Who are the executives of Cortex and what are their salaries?
The average compensation at Cortex during 2022 was $55,953. There are 23 employees at Cortex.
Here are 30 key members and their salaries (Cortex's CEO's salary is $415,000 and their total compensation is $459,901):
- Compensation: $415,000
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- Other: $44,901
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- Compensation: $195,361
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- Other: $29,355
- Compensation: $75,398
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- Other: $22,666
- Compensation: $191,923
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- Other: $34,081
- Compensation: $172,125
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- Other: $27,791
- Compensation: $127,994
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- Other: $25,858
- Compensation: $113,748
- Related: $0
- Other: $18,785
Official website here: www.cortexstl.org
Where can I find the form 990 for Cortex?
Cortex's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cortexstl.org
Learn more at the official website: www.cortexstl.org
Mission Statement of Cortex
Cortex, a thriving center of research, technology, and entrepreneurial exchange founded in 2002, is on a mission to create the Midwest's premier innovation hub in bioscience and technology research, development, and commercialization. This organization serves as the anchor of a growing ecosystem for innovative startup programs and established companies in urban revitalization.
Cortex's role extends beyond the acquisition and development of real estate in the Cortex Innovation District. It also manages St. Louis Land Company, a land holding entity in the revitalization of an approximate 200-acre tract of land in Midtown St. Louis. This center of research, technology, and entrepreneurial exchange aims to foster new scientific breakthroughs and businesses by translating university research, providing programs that build knowledge and networks, and convening strategic partnerships that attract and support emerging and established companies.
Cortex's mission is expertly designed to serve as an inclusive economic engine for the region. It achieves equitable economic impacts by leveraging high-quality facilities, developing programs that foster innovation and collaboration, and building strategic partnerships that strengthen the innovation ecosystem. By serving as the master developer of the Cortex Innovation District and the manager of St. Louis Land Company, Cortex incurs expenses in developing and maintaining the properties, positioning itself as a vital catalyst for economic growth and innovation in the Midwest.
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Impact
October, 2024
Cortex has significantly transformed St. Louis into a vibrant center for research, technology, and entrepreneurial activity since its inception in 2002. Positioned as a master developer of a 200-acre innovation district, Cortex plays a vital role in translating university research into real-world applications, fostering scientific breakthroughs, and cultivating new businesses.
By leveraging high-quality facilities and creating programs designed to build knowledge and networks, Cortex has established itself as a critical economic engine for the region. It actively trains the workforce for new economy jobs in bioscience, cybersecurity, and technology, ensuring that the local community is equipped for the demands of the future job market.
Cortex also facilitates strategic partnerships that attract and support both emerging startups and established companies, contributing to a robust ecosystem of innovation. Through its commitment to urban revitalization and community improvement, Cortex not only enhances economic opportunities but also fosters equitable growth, making a lasting impact on St. Louis and its residents.
This information is meant to be a general summary of Cortex. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $287,491
- Program Service Revenue: $3,443,332
- Gross Receipts: $34,866,238
Assets and Liabilities:
- Total Assets: $94,531,680
- Total Liabilities: $35,398,898
- Net Assets: $59,132,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL INCOME
Revenue
$3,443,332
Organization Details
Founding Year
2002
Phone
(314) 531-4500Principal Officer
Salvatore J Fiorello
Main Address
4240 DUNCAN 200, ST LOUIS, MO, 63110
Website
www.cortexstl.orgNTEE Category
Code: S20 - Community improvement
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