Overview
What is Cortico Corporation?
Cortico Corporation is a nonprofit organization based in Boston, Massachusetts. Their primary mission is to stimulate constructive public conversations, aiming to enhance our collective understanding. They believe that civic life can be revitalized by creating spaces for dialogue, allowing traditionally underheard voices and marginal experiences to contribute to improved understanding and communication across societal boundaries. In 2022, Cortico expanded its Local Voices Network (LVN), a physical-digital platform that brings together small groups for facilitated discussions about community concerns and values. These conversations, often focusing on hopes and concerns, allow individuals to share personal experiences, reflect on others' perspectives, and engage in meaning-making. Powerful machine learning technology and a digital platform support the collection, curation, and distribution of authentic voices on a nationwide scale. Starting from March 2020, Cortico transitioned to supporting virtual small group dialogues, collaborating with over 20 partners across various sectors.
Official website here: www.cortico.ai
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
Cortico Corporation has achieved a remarkable 97% score from Charity Navigator, earning it a Four-Star rating. This rating reflects the organization's strong commitment to accountability and finance, evidenced by its perfect scores in numerous categories. The organization benefits from a fully independent board, which indicates robust governance, and maintains strong financial oversight, ensuring transparency in its operations.
The financial health of Cortico Corporation is noteworthy, with a high program expense ratio of 78.81%, indicating that the majority of its funds are directed towards its mission-related activities rather than administrative costs. Furthermore, its fundraising efficiency is impressive, costing only $0.03 to raise a dollar, which showcases its effective fundraising strategies and minimal overhead.
While the organization demonstrates exceptional financial management and accountability, continuous engagement with stakeholders and maintaining operational transparency will be crucial for sustaining trust and support. Overall, Cortico Corporation exemplifies a well-managed nonprofit dedicated to its mission and accountable to its constituents.
This AI summary has been generated from information found on Charity Navigator.
Is Cortico Corporation legitimate?
Cortico Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cortico 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: $66,597
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,154,165
For more financial information, click here
Official website here: www.cortico.ai
What is the mission statement of Cortico Corporation?
Cortico Corporation's mission is centered around fostering constructive public conversations to enhance our collective understanding. They believe that revitalizing civic life requires creating spaces for dialogue, recognizing that often-overlooked voices and unique experiences can lead to improved understanding and communication across various boundaries. In a fragmented society, Cortico Corporation aims to establish platforms where community members can share their identities and experiences, inspiring more informed and transparent decision-making from our leaders.
Official website here: www.cortico.ai
Who is the CEO of Cortico Corporation?
Deb Roy is the Ceo & Co-Founder of Cortico Corporation. The CEO's salary of Cortico Corporation is $0 and their total compensation is $0.
Official website here: www.cortico.ai
What is the revenue of Cortico Corporation?
Cortico Corporation's revenue in 2022 was $3,375,561.
Official website here: www.cortico.ai
Who are the executives of Cortico Corporation and what are their salaries?
The average compensation at Cortico Corporation during 2022 was $50,865. There are 24 employees at Cortico Corporation.
Here are 12 key members and their salaries (Cortico Corporation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $64,036
- Related: $0
- Other: $2,561
- Compensation: $131,999
- Related: $0
- Other: $13,552
- Compensation: $131,501
- Related: $0
- Other: $17,283
- Compensation: $122,750
- Related: $0
- Other: $14,457
- Compensation: $105,531
- Related: $0
- Other: $8,403
- Compensation: $104,145
- Related: $0
- Other: $8,366
Official website here: www.cortico.ai
Where can I find the form 990 for Cortico Corporation?
Cortico Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cortico.ai
Learn more at the official website: www.cortico.ai
Mission Statement of Cortico Corporation
Cortico Corporation, a nonprofit organization, is dedicated to fostering constructive public conversations with the aim of improving our collective understanding. They believe that civic life can be revitalized when we create spaces for dialogue, recognizing the value of underrepresented voices and unique experiences. These conversations can lead to improved understanding and more transparent decision-making from our leaders, thereby bridging societal divides. Cortico Corporation seeks to provide civic spaces where community members can share their identities and experiences, thereby contributing to more informed decision-making processes.
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Impact
July, 2024
Cortico Corporation fosters constructive public conversation to improve our understanding of one another. In 2022, Cortico continued to expand the Local Voices Network, a unique physical-digital network that brings under-heard community voices, perspectives, and stories into the center of a healthier public sphere. The LVN brings together small groups of 4-8 people for facilitated conversations about what matters most to them in their communities and in the nation.
By holding space for conversation and amplifying traditionally underheard voices, Cortico contributes to revitalizing civic life. This approach allows for improved understanding and communication across boundaries, ultimately leading to more informed and transparent decisions from leaders.
Cortico's innovative use of machine learning technology and a digital platform supports the collection, curation, and distribution of authentic voices at a nationwide scale. Additionally, Cortico adapted to the challenges of the pandemic by transitioning to virtual small group dialogues and supporting the work of new partners across various sectors.
Through its mission of fostering constructive public conversation and empowering underrepresented voices, Cortico Corporation is making a notable impact on improving understanding and communication in our society.
This information is meant to be a general summary of Cortico 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: $6,430
- Program Service Revenue: $368,645
- Gross Receipts: $3,375,561
Assets and Liabilities:
- Total Assets: $4,505,246
- Total Liabilities: $29,906
- Net Assets: $4,475,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$368,645
Organization Details
Founding Year
2016
Phone
(617) 404-9812Principal Officer
Deb Roy
Main Address
177 HUNTINGTON AVENUE 83158 1703, BOSTON, MA, 02115
Website
www.cortico.aiNTEE Category
Code: U40 - Science research
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