Nonprofit · EIN 25-1926063
CORDES FOUNDATION
Tax-exempt · BETHESDA, MD 20814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,200 | $519,542 | -$518,342 | $10,455,929 | $57,013 | $10,398,916 |
| December 31, 2023 | 990 | $93,296 | $546,106 | -$452,810 | $9,150,480 | -$14,455 | $9,164,935 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,200
- Net gain from sales of assets
- -$152,342
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $383,933
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,434
- Travel
- $1,489
- Program services (functional)
- $409,913
- Management and general (functional)
- $109,629
Balance sheet and other
- Total assets, start of year
- $9,150,480
- Total assets, end of year
- $10,455,929
- Total liabilities, end of year
- $57,013
- Net assets, end of year
- $10,398,916
- Publicly traded securities
- $4,936,697
- Net assets without donor restrictions
- $10,398,916
- Gross receipts
- $6,460,496
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2005
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM FREUNDLICH | DIRECTOR Trustee or director | 1 | $0 | $370,247 | $27,839 |
| REBECCA GELB | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 | $225,555 | $14,086 |
| RONALD CORDES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARTY CORDES | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC STEPHENSON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPH STEPHENSON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ARCHEL BERNARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BETH STELLUTO DUNIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REHANA NATHOO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM FREUNDLICH | DIRECTOR Trustee or director | 1 | $0 | $350,511 | $32,587 |
| REBECCA GELB | SECRETARY & TREASURER (INCOMING 2023) Trustee or director, Officer | 1 | $0 | $185,314 | $17,356 |
| RONALD CORDES | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARTY CORDES | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC STEPHENSON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPH STEPHENSON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ARCHEL BERNARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BETH STELLUTO DUNIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REHANA NATHOO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4340 EAST WEST HWY STE 210, BETHESDA, MD 20814-4653
- In care of
- % EAST BAY COMMUNITY FOUNDATION
- Principal officer (990 for 2024)
- RONALD CORDES, 4340 EAST WEST HIGHWAY 210, BETHESDA, MD 20814
- Signed the 990
- SURIN RAMKISSOON, MANAGING DIRECTOR OF FINANCE
- Phone
- (855) 482-2946
- Website
- CORDESFOUNDATION.ORG
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
THE CORDES FOUNDATIONS CONNECTS SOCIAL ENTREPRENEURS WITH RESOURCES THEY NEED, CONVENES EVENTS TO STRENGTHEN THE ECOSYSTEMS OF IMPACT INVESTING AND SOCIAL ENTREPRENEURSHIP, AND CATALYZES 100% OF ITS BALANCE SHEET FOR IMPACT.
Program accomplishments
- THE CORDES FOUNDATION CONNECTS SOCIAL ENTREPRENEURS WITH THE RIGHT RESOURCES AND STAKEHOLDERS, CONVENES EVENTS THAT ENHANCE AND STRENGTHEN THE IMPACT INVESTING AND SOCIAL ENTREPRENEURIAL ECOSYSTEMS AND CATALYZES 100% OF OUR BALANCE SHEET TO ELEVATE THE ROLE OF WOMEN GLOBALLY.Expenses $409,913 · grants $383,933
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 25-1926063
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $10,455,929
- Income (IRS master file)
- $6,460,496
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,200 | $519,542 | $10,455,929 | XML |
| 990 | December 2023 | $93,296 | $546,106 | $9,150,480 | XML |
| 990 | December 2022 | $135,533 | $278,536 | $8,922,384 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1926063).
Questions about CORDES FOUNDATION
- What is the EIN of CORDES FOUNDATION?
- The employer identification number (EIN) of CORDES FOUNDATION is 25-1926063.
- Is CORDES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to CORDES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CORDES FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CORDES FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORDES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CORDES FOUNDATION?
- The 990 for the year ended December 31, 2024 names RONALD CORDES.
- Who are the officers and directors of CORDES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does CORDES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,200, expenses of $519,542 and total assets of $10,455,929 at year end.
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