2024-05-14T12:40:02-04:00 2023-12-31 203811563 JTGOLDSTEIN 2200 ARCH ST STE 101 PHILADELPHIA PA 191032136 990 2023-01-01 230355320 PHILADELPHIA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION PHIL 2675071690 1900 MARKET STREET FL 8-148 PHILADELPHIA PA 19103 MICHAEL TUCKER PRESIDENT 2675071690 2024-05-14 MICHAEL TUCKER 999009999 true WILLIAM HENDERSON P02360120 2155253593 2024-05-14 2023 2023-04-26 12:10:37Z X CORE MICHAEL TUCKER 1900 MARKET STREET FL 8-148 PHILADELPHIA PA 19103 247336 false X WWW.CORESCHOLARS.ORG X 2003 PA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION (CORE) IS DEDICATED TO UNITING COMMUNITIES AROUND THE GOAL OF ENSURING THAT POSTSECONDARY EDUCATION IS AFFORDABLE AND ACCESSIBLE FOR ALL. CORE SCHOLARS IS THE FIRST SCHOLARSHIP OF ITS KIND TO FOCUS SPECIFICALLY ON HIGH SCHOOL SENIORS -WHETHER FROM THE PUBLIC, PRIVATE, CHARTER, OR PAROCHIAL SYSTEMS LIVING BELOW THE POVERTY LINE FOR AN INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) SAVINGS PROGRAM. OVER THE PAST NINE YEARS, CORE HAS AWARDED OVER 25,669 PHILADELPHIA STUDENTS A TOTAL OF MORE THAN 30 MILLION DOLLARS. OF OUR ORIGINAL GROUP OF CORE SCHOLARS, 58% ULTIMATELY GRADUATED FROM COLLEGE OVER SIX YEARS. 4 4 5 0 232903 241431 0 12 1359 4546 232915 247336 40500 30000 0 149469 131562 0 0 43597 53625 233566 215187 -651 32149 4951264 5387519 259889 260167 4691375 5127352 X PHILADELPHIA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION ("CORE") IS A NONPROFIT CORPORATION FOUNDED IN PHILADELPHIA, PA IN 2003. CORE WAS ORGANIZED TO PROVIDE PROMISE SCHOLARSHIPS AND COLLEGE PREP ASSISTANCE TO HIGH SCHOOL STUDENTS. CORE SCHOLARSHIPS ARE ONLY APPLICABLE TO STUDENTS WHO RESIDE IN PHILADELPHIA. CORE IS A NONPROFIT INITIATIVE DESIGNED TO UNITE COMMUNITIES AROUND THE GOAL OF ENSURING THAT ALL CHILDREN HAVE ACCESS TO COLLEGE. CORE'S PREMIER PROGRAM, THE CORE PROMISE SCHOLARSHIP, IS THE FIRST OF ITS KIND IN THE NATION TO OFFER ALL HIGH SCHOOL SENIORS - WHETHER FROM PUBLIC, PRIVATE CHARTER OR PAROCHIAL SYSTEMS - IN PHILADELPHIA A UNIQUE OPPORTUNITY TO ATTEND SELECT PENNSYLVANIA COLLEGES AND UNIVERSITIES. CORE ISSUES AWARDS BASED ON THE AMOUNT OF DOLLARS AVAILABLE FOR SCHOLARSHIPS. CORE IS PRIMARILY SUPPORTED BY A CHARITABLE TRUST AND GRANTS FROM FEDERAL ENTITIES. false false 68500 30000 SUCCESSFULLY PROVIDED COLLEGE SCHOLARSHIPS TO PHILADELPHIA RESIDENTS AT 2 AND 4 YEAR INSTITUTIONS AROUND THE USA, THROUGH 2 DIFFERENT SCHOLARSHIP PROGRAMS; THE PROMISE SCHOLARSHIP AND THE RISE SCHOLARSHIP. THE SCHOLARSHIP RECIPIENTS ARE AWARDED THE SCHOLARSHIP AMOUNT, WHICH IS PAID DIRECTLY TO THE INSTITUTION, ON THE STUDENTS' BEHALF. THE INSTITUTION THEN APPLIES THE SCHOLARSHIP TO THE STUDENTS' ACCOUNT BALANCE FOR THE SEMESTER THE SCHOLARSHIP IS FOR. NO SCHOLARSHIPS ARE GIVEN TO THE STUDENTS DIRECTLY; ALL MONIES ARE SENT TO THE INSTITUTIONS WHERE THE STUDENTS ARE ENROLLED. 97464 PROVIDED SCHOLARSHIPS FOR UNDER-SERVED YOUTH IN PHILADELPHIA AREA. 97464 165964 true false false false false false false false true true true false true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 5 true false false false false false false false false false false false false false false X 4 4 false true false false false false false true true false false true true false false true true true false false PA X NAOMI NELSON 2675071690 1900 MARKET STREET FL 8-148 PHILADELPHIA PA 19103 X MICHAEL TUCKER PRESIDENT 4.00 X X 0 0 0 JOHN LAY SECRETARY 2.00 X X 0 0 0 JOSEPH T FOSTER JR TREASURER 2.00 X X 0 0 0 WILLIAM JORDAN DIRECTOR 2.00 X 0 0 0 false false false 241431 241431 1359 1359 INSURANCE INCOME 4546 4546 4546 247336 5905 30000 30000 55000 38500 16500 69643 59196 10447 543 462 81 6376 5420 956 11300 11300 13505 11479 2026 384 326 58 1957 1664 293 7811 6639 1172 14168 12043 2125 247 210 37 30 25 5 4223 4223 215187 165964 49223 0 10288 40567 741 2718 18168 18168 4926235 5330234 14000 14000 4951264 5387519 18458 18736 241431 241431 259889 260167 X -234860 1698436 4926235 3428916 4691375 5127352 4951264 5387519 X 32149 404617 -789 X true false false X 142387 39000 51500 40500 241431 514818 142387 39000 51500 40500 241431 514818 514818 98867 5624 77 12 1359 105939 98867 5624 77 12 1359 105939 3546 3546 241254 44624 51577 40512 246336 624303 0.82460 0.72330 0.17000 0.28000 X false false 4926976 665346 -30000 -241488 -19859 5331593 5797910 -798365 -40500 -20900 4926976 5369991 667885 -51500 -165605 -22861 5797910 5271756 180259 -23500 -39000 -19524 5369991 4682054 761959 -33189 -123902 -15166 5271756 1.00000 true false 18168 18168 BENEFICIARY INTEREST IN TRUST 5330234 F 5330234 651953 404617 404617 247336 247336 215187 215187 215187 SCHEDULE D, PAGE 2, PART V, LINE 4 CORE IS THE IRREVOCABLE BENEFICIARY OF A PERPETUAL CHARITABLE TRUST HELD BY A TRUSTEE. THESE RESOURCES ARE NEITHER IN THE POSSESSION OF, NOR UNDER THE CONTROL OF CORE. THE TERMS OF THE TRUST PROVIDE THAT CORE IS TO RECEIVE AN ANNUAL DISTRIBUTION FROM THE TRUST, THE AMOUNT OF 4% OF THE NET FAIR MARKET VALUE OF THE ASSETS OF THE TRUST (DETERMINED ANNUALLY BASED ON THE AVERAGE OF THE FAIR MARKET VALUE OF THE TRUST AS OF THE END OF THE THREE PRECEDING TAXABLE YEARS). AT THE TRUSTEE'S DISCRETION, CORE MAY RECEIVE AN ADDITIONAL MAXIMUM AMOUNT OF 3% OF THE NET FAIR MARKET VALUE OF THE ASSETS OF THE TRUST, WHICH IS ALSO DETERMINED ANNUALLY USING THE AFOREMENTIONED CRITERIA. false SCHOLARSHIP AWARDS 14 30000 CASH FORM 990, PAGE 1, ITEM C CORE FORM 990 - ORGANIZATION'S MISSION PHILADELPHIA COLLEGE OPPORTUNITY RESOURCES FOR EDUCATION ("CORE") IS A NONPROFIT CORPORATION FOUNDED IN PHILADELPHIA, PA IN 2003. CORE WAS ORGANIZED TO PROVIDE PROMISE SCHOLARSHIPS AND COLLEGE PREP ASSISTANCE TO HIGH SCHOOL STUDENTS. CORE SCHOLARSHIPS ARE ONLY APPLICABLE TO STUDENTS WHO RESIDE IN PHILADELPHIA. CORE IS A NONPROFIT INITIATIVE DESIGNED TO UNITE COMMUNITIES AROUND THE GOAL OF ENSURING THAT ALL CHILDREN HAVE ACCESS TO COLLEGE. CORE'S PREMIER PROGRAM, THE CORE PROMISE SCHOLARSHIP, IS THE FIRST OF ITS KIND IN THE NATION TO OFFER ALL HIGH SCHOOL SENIORS - WHETHER FROM PUBLIC, PRIVATE CHARTER OR PAROCHIAL SYSTEMS - IN PHILADELPHIA A UNIQUE OPPORTUNITY TO ATTEND SELECT PENNSYLVANIA COLLEGES AND UNIVERSITIES. CORE ISSUES AWARDS BASED ON THE AMOUNT OF DOLLARS AVAILABLE FOR SCHOLARSHIPS. CORE IS PRIMARILY SUPPORTED BY A CHARITABLE TRUST AND GRANTS FROM FEDERAL ENTITIES. FORM 990, PAGE 2, PART III, LINE 4D PROVIDED SCHOLARSHIPS FOR UNDER-SERVED YOUTH IN PHILADELPHIA AREA. FORM 990, PAGE 6, PART VI, LINE 3 THE FINANCIAL OPERATIONS OF THE ORGANIZATION WAS OUTSOURCED TO JTGOLDSTEIN LLC, WHO WAS RESPONSIBLE FOR THE ACCOUNTING AND REPORTING OF CORE. FORM 990, PAGE 6, PART VI, LINE 11B THE EXECUTIVE DIRECTOR AND BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 PRIOR YEAR FASB ADJ FOR BENE INTEREST -789