Nonprofit · EIN 56-2206344
CORDA FOUNDATION
Tax-exempt · CHAPEL HILL, NC 27515
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,319,556 | $1,198,735 | $2,120,821 | $3,493,221 | $6,091 | $3,487,130 |
| December 31, 2024 | 990 | $155,682 | $202,365 | -$46,683 | $2,595,640 | $5,539 | $2,590,101 |
| December 31, 2023 | 990 | $103,285 | $246,119 | -$142,834 | $2,641,717 | $4,933 | $2,636,784 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,914,613
- Program service revenue
- $0
- Investment income
- $1,406,445
- Net rental income
- -$1,502
- Net gain from sales of assets
- $1,351,582
- Other revenue
- -$1,502
Expenses
- Grants and similar amounts paid
- $1,000,000
- Compensation of officers, directors and key employees
- $44,000
- Salaries, compensation and benefits (total)
- $44,000
- Professional fundraising fees
- $0
- Accounting fees
- $4,425
- Occupancy
- $47,739
- Travel
- $9,749
- Depreciation
- $70,096
- Program services (functional)
- $1,193,668
- Management and general (functional)
- $5,067
Balance sheet and other
- Total assets, start of year
- $2,595,640
- Total assets, end of year
- $3,493,221
- Total liabilities, end of year
- $6,091
- Net assets, end of year
- $3,487,130
- Land, buildings and equipment
- $1,425,147
- Publicly traded securities
- $663,665
- Net assets without donor restrictions
- $3,487,130
- Gross receipts
- $5,563,717
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- NC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA ODESSKY | TREASURER Trustee or director, Officer | 25 | $44,000 |
| FRANK C CRAWFORD | DIRECTOR Trustee or director | 5 | $0 |
| TIMOTHY CROUSE | DIRECTOR Trustee or director | 8 | $0 |
| BILLIE STRAUB | DIRECTOR Trustee or director | 15 | $0 |
| HAROLD LINDENTHAL | DIRECTOR Trustee or director | 5 | $0 |
| FERNANDO SARMIENTO | DIRECTOR Trustee or director | 20 | $0 |
| ROBERT LINCOLN | DIRECTOR Trustee or director | 5 | $0 |
| ROBERT LOSEE | DIRECTOR Trustee or director | 15 | $0 |
| JOHN POPE | DIRECTOR Trustee or director | 10 | $0 |
| VALERIE YOUNG | SECRETARY Trustee or director, Officer | 5 | $0 |
| WOODROW E LOMAS II | PRESIDENT Trustee or director, Officer | 20 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA ODESSKY | TREASURER Trustee or director, Officer | 25 | $40,000 |
| FRANK C CRAWFORD | DIRECTOR Trustee or director | 5 | $0 |
| TIMOTHY CROUSE | DIRECTOR Trustee or director | 8 | $0 |
| BILLIE STRAUB | DIRECTOR Trustee or director | 15 | $0 |
| HAROLD LINDENTHAL | DIRECTOR Trustee or director | 5 | $0 |
| FERNANDO SARMIENTO | DIRECTOR Trustee or director | 20 | $0 |
| ROBERT LINCOLN | DIRECTOR Trustee or director | 5 | $0 |
| ROBERT LOSEE | DIRECTOR Trustee or director | 15 | $0 |
| JOHN POPE | DIRECTOR Trustee or director | 10 | $0 |
| VALERIE YOUNG | SECRETARY Trustee or director, Officer | 5 | $0 |
| WOODROW E LOMAS II | PRESIDENT Trustee or director, Officer | 20 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA ODESSKY | TREASURER Trustee or director, Officer | 25 | $35,000 |
| FRANK C CRAWFORD | DIRECTOR Trustee or director | 5 | $0 |
| TIMOTHY CROUSE | DIRECTOR Trustee or director | 8 | $0 |
| BILLIE STRAUB | DIRECTOR Trustee or director | 15 | $0 |
| HAROLD LINDENTHAL | DIRECTOR Trustee or director | 5 | $0 |
| FERNANDO SARMIENTO | DIRECTOR Trustee or director | 20 | $0 |
| ROBERT LINCOLN | DIRECTOR Trustee or director | 5 | $0 |
| ROBERT LOSEE | DIRECTOR Trustee or director | 15 | $0 |
| JOHN POPE | DIRECTOR Trustee or director | 10 | $0 |
| VALERIE YOUNG | SECRETARY Trustee or director, Officer | 5 | $0 |
| WOODROW E LOMAS II | PRESIDENT Trustee or director, Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 125 S ESTES DR UNIT 9981, CHAPEL HILL, NC 27515-0922
- In care of
- % WOODROW E LOMAS II
- Principal officer (990 for 2025)
- WOODROW E LOMAS II, 125 S ESTES DRIVE 9981, CHAPEL HILL, NC 27515
- Signed the 990
- WOODROW E LOMAS II, PRESIDENT
- Phone
- (919) 933-0104
- Website
- WWW.CORDAFOUNDATION.ORG
- Return prepared by
- BLACKMAN & SLOOP ADVISORS INC
Mission
TO ASSEMBLE AND PRESERVE THE ARTISTIC WORKS OF DAVID ROSENMANN-TAUB AND TO MAKE THEM AVAILABLE WORLDWIDE.
Program accomplishments
- COMPLETED A PARTNERSHIP AGREEMENT IN OCTOBER 2025 WITH THE HISPANIC SOCIETY MUSEUM & LIBRARY (HMSL) OF NEW YORK CITY. AGREEMENT, FORMALIZED IN CONTRACT AND AN $1M INITIAL DONATION, INCLUDES DEVELOPING A ROOM DEDICATED TO THE ARCHIVAL OF DAVID ROSENMANN-TAUB'S WORKS INCLUDING POETRY MANUSCRIPTS, MUSICAL RECORDINGS, AND DRAWINGS. THIS AREA WILL BE FURNISHED WITH THE POET'S FURNITURE, PERSONAL BELONGINGS AND WORKING MATERIALS. THE PARTNERSHIP WILL CREATE A POETRY CENTER THAT WILL FUNCTION YEAR-ROUND WITH DISPLAYS, LIVE ACTIVITIES AND PERFORMANCES OF POETRY, MUSIC AND VISUAL ART. AN EXTENSIVE SEARCH OF CANDIDATES WAS INITIATED TO SELECT A FULL-TIME CURATOR TO MANAGE THE POETRY CENTER AT HSM&L AS WELL AS TO CONTINUE THE PROMOTION AND PRESERVATION OF THE ARTISTIC WORKS OF DAVID ROSEMNANN-TAUB. MAINTAINED AND IMPROVED THE FOUNDATION'S 5 WEBSITES AND CONTRIBUTED TO OTHER WEBSITES WHICH FEATURE THE WORK OF DAVID ROSENMANN-TAUB. ACTIVITY INCLUDED MAINTENANCE OF WEBSITES AT THE UNIVERSITY OF CHILE, THE NATIONAL LIBRARY OF CHILE, A SPANISH LANGUAGE BLOG SITE, THE MAINTENANCE OF THE DAVID ROSENMANN-TAUB SECTION OF THE CERVANTES VIRTUAL SITE, FACEBOOK, INSTAGRAM AS WELL AS THE CORDA FOUNDATION, AWARD, MUSIC, DRAWING AND POETRY WEBSITES. REVISED THE POETRY WEBSITE, ADDING REFERENCE MATERIAL, INCLUDING ONE ARTICLE AND INTERVIEW AND ONE VIDEO. COMPLETED THE TRANSLATION INTO SPANISH OF THE DRAWING WEBSITE, ADDING TWO VIDEOS. COMPLETED A PROJECT TO CONSOLIDATE 4 OF 5 OF THE FOUNDATION'S WEBSITES INTO A SINGLE, INTEGRATED AND UP TO DATE SITE. CONTINUED AN AWARDS PROGRAM FOR ORIGINAL ESSAYS AND SCHOLARLY PAPERS BY UNDERGRADUATE, GRADUATE STUDENTS, PROFESSIONAL SCHOLARS AND FOR POETRY TRANSLATIONS INTO ANY LANGUAGE. CONTACTED PROFESSORS IN CHILE TO IDENTIFY CANDIDATES FOR ADVANCED DEGREES WHO WOULD PARTICIPATE IN THE PROGRAM. CONTINUED TO PRESERVE ARCHIVAL MATERIAL BY EDITING AND COPYING MUSIC AND VIDEO ORIGINALLY RECORDED DIGITALLY OR ON MAGNETIC TAPE. MAINTAINED A MUSIC AND VIDEO RECORDING DATABASE TO CATALOGUE MORE THAN 1200 HOURS OF MUSICAL AND VOICE RECORDINGS AND VIDEOTAPES. ADDED SCORES TO TWO VIDEO RECORDINGS. PRODUCED ENGLISH TRANSLATIONS OF TWO BOOKS OF POETRY. INCLUDED THESE IN SUBTITLE ON VIDEO AS RECORDINGS OF COMPLETE BOOKS. PUBLISHED ON VIMEO AND EXCERPTS ON YOU TUBE. ADDED LINKS TO WEBSITES TO YOU TUBE VIDEO DESCRIPTIONS. REPORTED ACCOMPLISHMENTS TO VOLUNTEERS AND CONTRIBUTORS.REVISED AND UPDATED A DRAWING DATA BASE ADDING 18 ORIGINAL DRAWINGS.ANOTHER BOOK OF ORIGINAL POETRY WAS ASSEMBLED FOR PUBLICATION IN CHILE FOR 2026. ARRANGED ADVANCE WORK FOR PRESENTATION OF THE BOOK WITH THE PUBLISHER. COMPLETED THE TRANSCRIPTION, INDEXING AND ARCHIVAL OF MORE THAN 25 ADDITIONAL PAGES OF RECORDED NARRATIVE BY DAVID ROSENMANN-TAUB. CONTINUED THE DEVELOPMENT OF DOCUMENTARY VIDEOS, OF COMMENTARY BY AND ABOUT DAVID ROSENMANN-TAUB INCLUDING INTERVIEWS WITH THE POET HIMSELF, LITERARY CRITICS AND OTHER RENOWNED POETS. RELEASED TO YOU TUBE A VIDEO ADAPTATION OF THE BOOK "ALM-ERIA" BY DAVID ROSENMANN-TAUB. COMPLETED AN ANNOTATED COMPILATION OF POEMS IN VIDEO. RELEASED THE VIDEO "LANGUAGE OF REALITY" TO VIMEO AND YOU TUBE. RELEASED FULL LENGTH MUSIC AND POETRY VIDEOS (DAGGER OF LIFE AND EN UN LUGAR DE LA SANGRE) TO YOU TUBE. PASSED 2000 SUBSCRIBERS ON CORDA YOU TUBE CHANNEL. CONTINUED TO COMPLETION A PROJECT TO PLACE COLLECTIONS OF DAVID ROSENMANN-TAUB'S BOOKS AND MUSICAL RECORDINGS IN THE MOST IMPORTANT LIBRARIES IN THE US. CONTACTED MORE THAN 200 LIBRARIES AND SHIPPED MORE THAN 900 BOOKS AND 800 MUSIC RECORDINGS BOOKS TO SUPPLEMENT THEIR COLLECTIONS. RESERVED A COLLECTION OF ALL BOOKS AND MUSICAL RECORDING FOR ARCHIVAL PRESERVATION. RECEIVED, THROUGH A BEQUEST FROM THE POET'S ESTATE, HIS VAST COLLECTION OF BOOKS AND RECORDINGS. CONTINUED THE TASK TO DESCRIBE AND INVENTORY THIS EXTENSIVE LIBRARY. DIGITIZED AND ARCHIVED MORE THAN 4 HOURS OF ANALOG VIDEO RECORDING OF MUSIC PERFORMANCES BY DAVID ROSENMANN-TAUB. THE INVENTORY OF THE FOUNDATION'S COLLECTION OF DAVID ROSENMANN-TAUB'S ARTISTIC WORKS WAS UPDATED AND EXPANDED TO INCLUDE DEFINITION OF PHYSICAL SPACE REQUIRED FOR PHYSICAL AND DISC STORAGE AND ESTIMATES OF THE SIZE OF DIGITAL CONTENT. CONTINUED TO MAINTAIN A SECURE, CLIMATE-CONTROLLED FACILITY FOR THE ASSEMBLY, ARCHIVAL AND STORAGE OF VIDEO AND AUDIO RECORDINGS, MANUSCRIPTS AND ORIGINAL DRAWINGS.INITIATED A PROJECT TO DIGITIZE AND REPUBLISH BOOKS OF POETRY. FIRST EBOOK EDITION EXPECTED TO BE PUBLISHED IN 2026. VISITED SANTIAGO, CHILE FOR TWO WEEKS MEETING WITH PUBLISHERS, BOARD ADVISORS AND JOURNALISTS TO ESTABLISH NEW PROJECTS AND SUPPORT THOSE ONGOING DEDICATED TO THE PROMOTION OF THE ARTISTIC WORK OF DAVID ROSENMANN-TAUB.Expenses $1,193,668 · grants $1,000,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 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
- 56-2206344
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $3,493,221
- Income (IRS master file)
- $5,563,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,319,556 | $1,198,735 | $3,493,221 | XML |
| 990 | December 2024 | $155,682 | $202,365 | $2,595,640 | IRS |
| 990 | December 2023 | $103,285 | $246,119 | $2,641,717 | IRS |
| 990 | December 2022 | $87,349 | $236,322 | $2,784,694 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 56-2206344).
Questions about CORDA FOUNDATION
- What is the EIN of CORDA FOUNDATION?
- The employer identification number (EIN) of CORDA FOUNDATION is 56-2206344.
- Is CORDA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to CORDA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORDA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORDA FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORDA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CORDA FOUNDATION?
- The 990 for the year ended December 31, 2025 names WOODROW E LOMAS II.
- Who are the officers and directors of CORDA FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $44,000 (VIRGINIA ODESSKY, TREASURER).
- How much revenue does CORDA FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,319,556, expenses of $1,198,735 and total assets of $3,493,221 at year end.
Other nonprofits in CHAPEL HILL
- UNIVERSITY OF NORTH CAROLINA PRESS EIN 56-6001394 · last filed 990 for 2025
- CHELSEA ART THEATER INC EIN 82-4309682 · last filed 990 for 2025
- MARIAN CHEEK JACKSON CENTER EIN 46-1988511 · last filed 990 for 2023
- NORTH CAROLINA HEALTH NEWS INC EIN 45-3913463 · last filed 990 for 2025
- IMMERSION FOR SPANISH LANGUAGE ACQUISITION EIN 45-5336885 · last filed 990 for 2025
- TRIANGLE YOUTH BALLET EIN 56-1929772 · last filed 990 for 2025
- PEOPLES CHANNEL EIN 56-1934009 · last filed 990 for 2025
- NATIONAL TRUST FOR THE HUMANITIES EIN 52-1990577 · last filed 990 for 2023
All nonprofits in CHAPEL HILL · North Carolina · Arts, culture and humanities