Overview
What is Coro Southern California Inc?
Coro Southern California Inc is a nonprofit organization located in Los Angeles, California, specifically at 1000 North Alameda Street 240, with a workforce of seven dedicated individuals. The primary focus of this organization, as per its mission, is to bolster the democratic process by nurturing individuals for ethical and effective civic leadership. They achieve this through their renowned Fellows Program, where 12 diverse individuals are selected nationally to undergo intensive, full-time training in Los Angeles. This program aims to develop civic-minded leaders, utilizing the city as a living classroom. By preparing individuals for influential roles, Coro Southern California Inc contributes to the betterment of their community and the democratic process as a whole.
Official website here: www.corola.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Coro Southern California Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored 97% in its Accountability & Finance category, indicating a high level of fiscal responsibility and transparency. Its scores across various metrics demonstrate effective governance, with a fully independent board and comprehensive financial oversight.
Strengths include a robust program expense ratio of 78.04%, showing that a significant portion of its funds is directed towards programs rather than administrative costs. Additionally, the charity exhibits excellent fundraising efficiency, costing only $0.12 to raise a dollar, which highlights its effective fundraising strategies. The organization also benefits from a solid working capital ratio of 2.27 years, ensuring financial stability.
While the ratings reflect a highly competent organization, potential donors may want to consider the salaries of key personnel, particularly the president and CEO, which is relatively high at $240,877. However, this is common in many nonprofits and should be weighed against the overall financial health and mission effectiveness of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Coro Southern California Inc legitimate?
Coro Southern California Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coro Southern California Inc 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: $240,121
Professional Fundraising Fees: $0
Other Salaries and Wages: $558,537
For more financial information, click here
Official website here: www.corola.org/
What is the mission statement of Coro Southern California Inc?
Coro Southern California Inc's mission is centered around reinforcing democratic processes. They aim to accomplish this by fostering effective and ethical civic leadership. This is achieved through their fellowship program, where 12 individuals from diverse backgrounds are selected nationally. During this full-time preparation period, they learn the skills necessary to become civic leaders, utilizing Los Angeles as their learning ground.
Official website here: www.corola.org/
Who is the CEO of Coro Southern California Inc?
Rusty Hicks is the Board Chair of Coro Southern California Inc. The CEO's salary of Coro Southern California Inc is $215,000 and their total compensation is $222,300.
Official website here: www.corola.org/
What is the revenue of Coro Southern California Inc?
Coro Southern California Inc's revenue in 2022 was $2,219,818.
Official website here: www.corola.org/
Who are the executives of Coro Southern California Inc and what are their salaries?
The average compensation at Coro Southern California Inc during 2022 was $114,094. There are 7 employees and 32 volunteers at Coro Southern California Inc.
Here are 34 key members and their salaries (Coro Southern California Inc's CEO's salary is $215,000 and their total compensation is $222,300):
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- Compensation: $115,648
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- Other: $19,000
Official website here: www.corola.org/
Where can I find the form 990 for Coro Southern California Inc?
Coro Southern California Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.corola.org/
Learn more at the official website: www.corola.org/
Mission Statement of Coro Southern California Inc
Coro Southern California Inc is committed to strengthening the democratic process by preparing individuals for effective and ethical civic leadership. To achieve this mission, the organization runs a Fellows Program, which is a full-time initiative that equips 12 nationally selected individuals from diverse backgrounds with the skills necessary to become civic-minded leaders. Through action and learning, these individuals are taught to engage with their communities and work towards positive change, utilizing Los Angeles as their classroom. By focusing on civic leadership, Coro Southern California Inc aims to contribute to a more robust and inclusive democratic process.
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Impact
July, 2024
Coro Southern California Inc's impact can be seen in its efforts to strengthen the democratic process by preparing individuals for effective and ethical civic leadership. Through its Fellows Program, Coro actively builds regional leadership capacity by selecting and training 12 individuals from diverse backgrounds to become civic-minded leaders. These fellows learn through hands-on experiences in Los Angeles, using the city as their classroom. By developing these leaders, Coro contributes to the advancement of a more informed, engaged, and ethical civic community.
This information is meant to be a general summary of Coro Southern California Inc. 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: $126,491
- Program Service Revenue: $808,730
- Gross Receipts: $2,278,709
Assets and Liabilities:
- Total Assets: $3,401,127
- Total Liabilities: $322,808
- Net Assets: $3,078,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION/PROJECT FEES
Revenue
$808,730
Organization Details
Founding Year
1990
Phone
(213) 623-1234Principal Officer
Rusty Hicks
Main Address
1000 NORTH ALAMEDA STREET 240, LOS ANGELES, CA, 90012
Website
www.corola.org/NTEE Category
Code: W700 - Public benefit
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