Nonprofit · EIN 81-3975630
CORTICO CORPORATION
Tax-exempt · BOSTON, MA 02115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,634,804 | $4,831,183 | -$1,196,379 | $6,609,820 | $166,205 | $6,443,615 |
| December 31, 2023 | 990 (amended) | $2,494,401 | $4,401,257 | -$1,906,856 | $8,084,564 | $444,570 | $7,639,994 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,958,486
- Program service revenue
- $296,161
- Investment income
- $379,403
- Other revenue
- $754
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $884,147
- Other salaries and wages
- $2,136,454
- Salaries, compensation and benefits (total)
- $3,670,117
- Professional fundraising fees
- $0
- Legal fees
- $111,861
- Accounting fees
- $92,989
- Occupancy
- $1,884
- Travel
- $106,501
- Depreciation
- $265,003
- Program services (functional)
- $3,816,632
- Management and general (functional)
- $917,927
- Fundraising (functional)
- $96,624
Balance sheet and other
- Total assets, start of year
- $8,084,564
- Total assets, end of year
- $6,609,820
- Total liabilities, end of year
- $166,205
- Net assets, end of year
- $6,443,615
- Land, buildings and equipment
- $25,209
- Net assets without donor restrictions
- $3,922,149
- Net assets with donor restrictions
- $2,521,466
- Gross receipts
- $3,634,804
- Employees
- 33
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- MA
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 |
|---|---|---|---|
| AKIVA LEFFERT | VP OF ENGINEERING Highest-paid employee | 40 | $191,141 |
| ALEX KELLY BERMAN | VP OF PARTNERSHIPS & PROGR Highest-paid employee | 40 | $155,699 |
| BROOKE ESKILSON-PATTERSON | DIRECTOR OF PRODUCT Highest-paid employee | 40 | $144,610 |
| DEB ROBY | CEO & CO-FOUNDER Trustee or director, Officer | 5 | $0 |
| EUGENE YI | DIRECTOR Trustee or director | 5 | $0 |
| KATHY KRAMER | DIRECTOR Trustee or director | 0.5 | $0 |
| YAT SIU | DIRECTOR Trustee or director | 0.5 | $0 |
| JUAN ENRIQUEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| RUSSELL STEVENS | TREASURER & CO-FOUNDER Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEX KELLY BERMAN | VP OF PARTNERSHIPS & PROGRAMS Highest-paid employee | 40 | $143,018 |
| JOSIAH OBERHOLTZER | SOFTWARE ENGINEER Highest-paid employee | 40 | $123,582 |
| JENINE TURNER-TRAURING | INTERIM SOFTWARE ENGINEERING TEAM LEAD Highest-paid employee | 40 | $109,228 |
| DEB ROBY | CEO & CO-FOUNDER Trustee or director, Officer | 5 | $0 |
| EUGENE YI | DIRECTOR Trustee or director | 5 | $0 |
| KATHY KRAMER | DIRECTOR Trustee or director | 0.5 | $0 |
| YAT SIU | DIRECTOR Trustee or director | 0.5 | $0 |
| JUAN ENRIQUEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| RUSSELL STEVENS | TREASURER & CO-FOUNDER Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 177 HUNTINGTON AVENUE 83158 1703, BOSTON, MA 02115-3153
- Principal officer (990 for 2024)
- TATIANA IVANCEVICH, 177 HUNTINGTON AVENUE 83158 1703, BOSTON, MA 02115
- Signed the 990
- DEB ROY, CEO
- Phone
- (630) 789-0200
- Website
- WWW.CORTICO.AI
- Return prepared by
- ATLAS CPAS & ADVISORS PLLC
Mission
WE BELIEVE CIVIC LIFE CAN BE REVITALIZED WHEN WE HOLD SPACE FOR CONVERSATION, RECOGNIZING THAT TRADITIONALLY UNDERHEARD VOICES AND MARGINAL EXPERIENCES CAN YIELD IMPROVED UNDERSTANDING AND COMMUNICATION ACROSS BOUNDARIES. SEE SCHEDULE O.
Program accomplishments
- IN 2024 CORTICO CONTINUED TO EXPAND THE LOCAL VOICES NETWORK, A UNIQUE, PHYSICAL-DIGITAL NETWORK TO BRING UNDER-HEARD COMMUNITY VOICES, PERSPECTIVES, AND STORIES INTO THE CENTER OF A HEALTHIER PUBLIC SPHERE.LVN BRINGS TOGETHER SMALL GROUPS OF 4-8 PEOPLE TOGETHER FOR FACILITATEDCONVERSATIONS ABOUT WHAT MATTERS MOST TO THEM IN THEIR COMMUNITIES ANDIN THE NATION.CONVERSATIONS MIGHT FOCUS BROADLY ON HOPES AND CONCERNS, OR BE MORETOPICALLY FOCUSED; BUT, THE COMMON QUALITIES ARE SURFACING THE VALUESDRIVING INDIVIDUAL PARTICIPATION, SHARING PERSONAL EXPERIENCES THATINFORM THOUGHTS AND FEELINGS ABOUT THEIR COMMUNITIES, AND ENGAGING INMEANING-MAKING THROUGH REFLECTION ON PERSPECTIVES OF OTHERS BOTH WITHINExpenses $3,816,632 · revenue $296,161
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 | 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
- 81-3975630
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U40)
- Assets (IRS master file)
- $6,609,820
- Income (IRS master file)
- $3,634,804
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,634,804 | $4,831,183 | $6,609,820 | IRS |
| 990 | December 2023 | $2,494,401 | $4,401,257 | $8,084,564 | XML |
| 990 | December 2022 | $3,375,561 | $2,220,101 | $4,505,246 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 81-3975630).
Questions about CORTICO CORPORATION
- What is the EIN of CORTICO CORPORATION?
- The employer identification number (EIN) of CORTICO CORPORATION is 81-3975630.
- Is CORTICO CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to CORTICO CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORTICO CORPORATION 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 CORTICO CORPORATION 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 CORTICO CORPORATION 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 CORTICO CORPORATION?
- The 990 for the year ended December 31, 2024 names TATIANA IVANCEVICH.
- Who are the officers and directors of CORTICO CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 3 received compensation from the organization, the highest $191,141 (AKIVA LEFFERT, VP OF ENGINEERING).
- How much revenue does CORTICO CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,634,804, expenses of $4,831,183 and total assets of $6,609,820 at year end.
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