Overview
What is Cortex Support Corporation?
Cortex Support Corporation is a nonprofit organization situated in St. Louis, Missouri, specifically at 4240 Duncan 200. Its primary role is to serve as the leverage lender in New Market Tax Credits financing for the acquisition and construction of a building located at 4260 Forest Park. This organization is structured as a supporting organization, operating solely for the benefit of Cortex, a larger entity. The exact nature of the support or activities provided by Cortex Support Corporation to Cortex is not specified in the information provided.
Is Cortex Support Corporation legitimate?
Cortex Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cortex Support Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cortex Support Corporation?
Cortex Support Corporation is established with the purpose of serving as a supporting organization, operating for the benefit of Cortex. Its primary mission is to facilitate New Market Tax Credits financing for the acquisition and construction of a specific building. This financing mechanism aims to support the organization's operations and growth. The organization's activities are all geared towards benefiting Cortex, yet further details about the specific nature of these activities are not provided in the information provided.
Who is the CEO of Cortex Support Corporation?
Salvatore Fiorello is the Principal Officer of Cortex Support Corporation.
What is the revenue of Cortex Support Corporation?
Cortex Support Corporation's revenue in 2022 was $416,241.
Who are the executives of Cortex Support Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $415,000
- Other: $44,901
Where can I find the form 990 for Cortex Support Corporation?
Cortex Support Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cortex Support Corporation
Cortex Support Corporation, a supporting organization, is established with the primary objective of benefiting Cortex. Its mission is to serve as the leverage lender in New Market Tax Credits financing for the acquisition and construction of a building. This role enables Cortex to invest in projects that might not otherwise receive funding, thereby contributing to the organization's growth and impact. By leveraging New Market Tax Credits, Cortex Support Corporation plays a crucial role in facilitating development opportunities, ultimately benefiting the organization it supports.
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Impact
October, 2024
Cortex Support Corporation plays a pivotal role in facilitating economic development in St. Louis, particularly through its involvement in New Market Tax Credits financing. By acting as the leverage lender for the acquisition and construction of significant facilities, such as the building located at 4260 Forest Park, it directly supports the growth and sustainability of the Cortex innovation district. This contributes not only to the local economy but also to job creation and the enhancement of human services in the region. Through its mission, Cortex Support Corporation enhances infrastructure that benefits various community initiatives, fostering an environment conducive to progress and collaboration in St. Louis.
This information is meant to be a general summary of Cortex Support Corporation. 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: $416,241
- Gross Receipts: $416,241
Assets and Liabilities:
- Total Assets: $11,892,600
- Total Liabilities: $6,572,999
- Net Assets: $5,319,601
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Organization Details
Founding Year
2016
Phone
(314) 531-4500Principal Officer
Salvatore Fiorello
Main Address
4240 DUNCAN 200, ST LOUIS, MO, 63110
NTEE Category
Code: P20 - Human services
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