Nonprofit · EIN 87-3544906
KORP FOUNDATION
Tax-exempt · BUFFALO, NY 14208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2026 | 990-EZ | $129,758 | $126,778 | $2,980 | $2,980 | – | $2,980 |
| January 31, 2025 | 990-EZ | $139,997 | $119,234 | $20,763 | $20,763 | – | $20,763 |
Financial details: 990-EZ for the year ended January 31, 2026
Revenue
- Contributions, gifts and grants
- $15,000
- Program service revenue
- $114,758
Expenses
- Compensation of officers, directors and key employees
- $65,000
- Salaries, compensation and benefits (total)
- $74,330
- Professional fees and payments to contractors
- $1,650
- Occupancy
- $25,798
- Other expenses
- $25,000
- Program services (functional)
- $129,758
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $2,980
- Total liabilities, end of year
- –
- Net assets, end of year
- $2,980
- Cash, savings and investments
- $2,980
- Gross receipts
- $129,758
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-EZ for the year ended January 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sheana Vandyne | Executive Director | 40 | $65,000 | $13,000 |
| Christopher Banks | President and Chair | 30 | $0 | $0 |
| Amanda Human | Secretary | 1 | $0 | $0 |
990-EZ for the year ended January 31, 2025: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sheana Vandyne | Executive Director | 50 | $70,000 |
| Christopher Banks | President and Chair | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 1559 JEFFERSON AVE, BUFFALO, NY 14208-1526
- Mailing address (990-N for 2023)
- 104 Pries Ave, Buffalo NY 14220
- Principal officer (990-N for 2023)
- Christopher Banks, 104 Pries Ave, Buffalo NY 14220
- Signed the 990-EZ
- CJ Banks, President Chair
- Website
- www.korpfoundation.org
Mission
Our Purpose is to to empower individuals and communities by providing the resources guidance and opportunities needed to fully engage in education and careers through arts and technology. In 2024 We have served 25 Individuals in which 22 individuals received at least one nationally recognized industry standard certifications in Salesforce. 6 out of the 22 individuals obtained employement with aggegate total of over $288,000 in annual salary. The positions are remote positions from companies outside of the Buffalo Region which brought this new money into the region.
Program accomplishments
- Provided Workforce Development Training and Job Obtainmnet Support for 35 individuals. & unemployed individuals. 100% of all trainees received a certification 7 of which obtained a job making atlease $78,000 per year. These Jobs are remote which brought over $288,000 per year into their community.Expenses $114,758 · grants $114,758
- Eduacational support through incentive program for high school students. Worked with 12 students and trained them in Music production related programs as an incentive for attending school and minimizing absenteeism.Expenses $15,000 · grants $15,000
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 January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | 990-EZ on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990-EZ on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990-N on file |
IRS record
- EIN
- 87-3544906
- 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
- 2022
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $2,980
- Income (IRS master file)
- $129,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | January 2026 | $129,758 | $126,778 | $2,980 | XML |
| 990-EZ | January 2025 | $139,997 | $119,234 | $20,763 | XML |
| 990-N for 2023 Officer: Christopher Banks | January 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Christopher Banks | January 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-3544906).
Questions about KORP FOUNDATION
- What is the EIN of KORP FOUNDATION?
- The employer identification number (EIN) of KORP FOUNDATION is 87-3544906.
- Is KORP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to KORP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KORP 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 KORP FOUNDATION due?
- The return for tax year 2026 (the year ending January 31, 2027) is due June 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KORP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended January 2026.
- Who is the principal officer of KORP FOUNDATION?
- The 990-N for 2023 names Christopher Banks.
- Who are the officers and directors of KORP FOUNDATION?
- The 990-EZ for the year ended January 31, 2026 lists 3 people; 1 received compensation from the organization, the highest $65,000 (Sheana Vandyne, Executive Director).
- How much revenue does KORP FOUNDATION have?
- On its 990-EZ for the year ended January 31, 2026 it reported revenue of $129,758, expenses of $126,778 and total assets of $2,980 at year end.
Other nonprofits in BUFFALO
- GIRL SCOUTS OF WESTERN NEW YORK INC EIN 16-0743096 · last filed 990 for 2025
- THE BOYS & GIRLS CLUBS OF THE NORTHTOWNS OF WNY INC EIN 16-0755733 · last filed 990 for 2025
- BOYS & GIRLS CLUBS OF BUFFALO INC EIN 16-0849516 · last filed 990 for 2025
- HARVEST HOUSE OF SOUTH BUFFALO INC EIN 16-1436840 · last filed 990 for 2024
- POLICE ATHLETIC LEAGUE OF BUFFALO INC EIN 16-1468698 · last filed 990 for 2025
- BUFFALO SABRES FOUNDATION EIN 16-1478403 · last filed 990 for 2024
- BE A FRIEND PROGRAM INC EIN 16-1106399 · last filed 990 for 2024
- RESOURCE COUNCIL OF WNY INC EIN 47-4267047 · last filed 990 for 2025