Edward J Korman and Margaret A Corman Charitable Foundation
Only null% goes to programs Strong reserves Declining revenue
Edward J Korman and Margaret A Corman Charitable Foundation is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2019, with $126,246 in FY2024 revenue. CharityIndex grades it C+.
1581 Ameriprise Financial Ctr, Minneapolis, MN, 55474 EIN 82-7116331 Since 2019
Revenue (FY2024)
$126K
▼ 15.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$45K
Net assets
$2.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Edward J Korman and Margaret A Corman Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating683 mo reserves · +65% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Edward J Korman and Margaret A Corman Charitable Foundation: 683 mo reserves · +65% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Edward J Korman and Margaret A Corman Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Edward J Korman and Margaret A Corman Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1581 Ameriprise Financial Ctr, Minneapolis, MN, 55474
- City
- Minneapolis
- State
- Minnesota
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $341K (FY2020) to $126K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.5M
Operating margin
64.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5M
Total liabilities
$0
Net assets
$2.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $126,246▼15.8% | $44,634▼75.0% | $2,541,302▲3.3% | $2,541,302▲3.3% | 990PF |
| 2023 | $149,989▼79.7% | $178,381▼3.6% | $2,459,862▼1.4% | $2,459,862▼1.4% | 990PF |
| 2022 | $739,146▲182% | $185,049▼6.2% | $2,495,452▲9.1% | $2,495,452▲9.1% | 990PF |
| 2021 | $261,659▼23.2% | $197,204▲4.3% | $2,286,666▲1.8% | $2,286,666▲1.8% | 990PF |
| 2020 | $340,770 | $188,989 | $2,246,510 | $2,246,510 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare Edward J Korman and Margaret A Corman Charitable Foundation
Frequently asked questions
- Is Edward J Korman and Margaret A Corman Charitable Foundation a legitimate nonprofit?
- Yes. Edward J Korman and Margaret A Corman Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-7116331, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Edward J Korman and Margaret A Corman Charitable Foundation's EIN?
- Edward J Korman and Margaret A Corman Charitable Foundation's Employer Identification Number (EIN) is 82-7116331.
- How much revenue does Edward J Korman and Margaret A Corman Charitable Foundation report?
- Edward J Korman and Margaret A Corman Charitable Foundation reported $126,246 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Edward J Korman and Margaret A Corman Charitable Foundation have?
- CharityIndex grades Edward J Korman and Margaret A Corman Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for Edward J Korman and Margaret A Corman Charitable Foundation (EIN 82-7116331) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.