Civic Intelligence

Cornet Association of America

EIN 27-2521668 • 501(c)4 • Washington, DC

Profile

SEE ATTACHED SCH O

750 17th Street NW Suite 900Washington, DC 20006

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $50M-$100M nonprofits • Source year 2025

Net Margin

87th percentile

68%

Higher net margin than 87% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $50M-$100M nonprofits • Source year 2025

Asset Growth

33rd percentile

2.3%

Faster asset growth than 33% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

48th percentile

5.7%

Faster revenue growth than 48% of similar nonprofits.

501(c)4 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$56,059,244

Up $1,263,642 (+2.3%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$56,059,244

Up $1,263,642 (+2.3%) from 2024

Operations
Liabilities / Revenue13th percentileNet Margin87th percentile

Revenue

Up

$1,847,662

Up $98,835 (+5.7%) from 2024

Expenses

Up

$584,020

Up $106,976 (+22%) from 2024

Net Income

Down

$1,263,642

Down $8,141 (-0.6%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2022: $52,562,822Liabilities 2022: $0Net Assets 2022: $52,562,8222022Assets 2023: $53,523,820Liabilities 2023: $0Net Assets 2023: $53,523,8202023Assets 2024: $54,795,602Liabilities 2024: $0Net Assets 2024: $54,795,6022024Assets 2025: $56,059,244Liabilities 2025: $0Net Assets 2025: $56,059,2442025

Highlighted filing

2025

Assets$56,059,244
Liabilities$0
Net Assets$56,059,244
Open 2025 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0Revenue 2022: $52,915,713Expenses 2022: $352,891Net Income 2022: $52,562,8222022Revenue 2023: $1,420,994Expenses 2023: $459,996Net Income 2023: $960,9982023Revenue 2024: $1,748,827Expenses 2024: $477,044Net Income 2024: $1,271,7832024Revenue 2025: $1,847,662Expenses 2025: $584,020Net Income 2025: $1,263,6422025

Highlighted filing

2025

Revenue$1,847,662
Expenses$584,020
Net Income$1,263,642
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,059,244
Liabilities
$0
Net assets
$56,059,244
Revenue
$1,847,662
Expenses
$584,020
Net income
$1,263,642
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$56.1$0.00$56.1$1.85$0.58$1.26
2024Detailed filing. Detailed filing data is available for this year.$54.8$0.00$54.8$1.75$0.48$1.27
2023Detailed filing. Detailed filing data is available for this year.$53.5$0.00$53.5$1.42$0.46$0.96
2022Detailed filing. Detailed filing data is available for this year.$52.6$0.00$52.6$52.9$0.35$52.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 8, 2025
Return Version
2024v5.2
Gross Receipts
$1,847,662
Mission and Program Overview

Mission

See attached Sch O

To support, promote and advance (1)medical science and health care, innovation and alternative forms of education; continued Sch O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$54,795,602$56,059,244▲ $1,263,642
Other Notes and Loans Receivable, Net$42,710,642$42,710,642→ $0
Investments in Publicly Traded Securities$11,159,883$12,620,719▲ $1,460,836
Savings and Temporary Cash Investments$698,250$704,741▲ $6,491
Cash and Non-Interest-Bearing Accounts$226,827$23,142▼ $203,685
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$54,795,602$56,059,244▲ $1,263,642
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$54,795,602$56,059,244▲ $1,263,642
Total Liabilities and Net Assets / Fund Balance$54,795,602$56,059,244▲ $1,263,642
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
George N Harris JrPresident
Edwin J BroeckerVice President
Donald D KozuskoSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$537,882
Other Revenue
$1,309,780
Change in Net Assets
$1,263,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$424,020
Grants and Similar Amounts Paid$160,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$301,559-$301,559
Grants to Domestic Orgs$160,000--$160,000
Fees for Service Investment Mgmnt Fees-$78,776-$78,776
Fees for Services Legal-$26,185-$26,185
Fees for Services Accounting-$17,500-$17,500
Total Functional Expenses$160,000$424,020$0$584,020
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
LearnServe InternationalWashington, DC-General Fund$75,000
Foundation For Individual Rights & Expression IncPhiladelphia, PA-General$50,000
Shaking the TreeHighland Park, IL-General$35,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VII - Compensation of Officers

“Legal fees in the amount of $26,185 were paid to the law firm of Kozusko Harris Vetter et al. Donald Kozusko and George Harris Jr are partners of that law firm.”

Filing and Contact Details

Filer

Filer Name
Cornet Association of America
EIN
27-2521668
In Care Of
% GEORGE N HARRIS
Phone
2024577200
Address
750 17th Street NW Suite 900, Washington, DC 20006

Signing Officer

Name
George Harris
Title
President
Phone
2024577200
Signed
2025-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George N Harris
Formed
2010
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Wannen and Company
Address
750 17th Street NW 900, WASHINGTON, DC 20006-4675
Preparer
Mark D Wannen CPA
Phone
2024546700
Supplemental Narrative

Additional Explanations

Part 1-Exempt Purpose

“(2) primary, secondary, or higher education and alternative methods of education, particularly for new fields of learning or enhanced understanding or application of established fields; (3) biological, marine, and environmental science, particularly as they complement the purposes of medical science, health care, and education; (4) political activities that foster individual responsibility and business development, especially in support of the other purposes; (5) public parks and land, including natural resource conservation; (6) amateur athletics; (7) performing arts; (8) m useums and educational facilities, making historical materials or artistic works accessible to others; (9) historic preservation and rehabilitation; and (10) programs that support best practices and management continuity in familybased, communityoriented privately held businesses;”

Part II - Program Services

“Projected revenues including investment return should allow Cornet to expend $200,000 on identified educational programs in the report year ended June 30, 2025. Cash reserves of $500,000 are required to cover costs related to professional fees and insurance policies. This could require some spend down of the endowment unless and until the economy and investment holdings including marketable securities improves.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt275000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Shaking the Tree
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Foundation For Individual Rights & Expression Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2LearnServe International
IRS990ScheduleI/RecipientTable/RecipientEIN0364389505
IRS990ScheduleI/RecipientTable/RecipientEIN1043467254
IRS990ScheduleI/RecipientTable/RecipientEIN2800208444
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01506 Forest Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11139 Chestnut Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO Box 42182
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Highland Park
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Philadelphia
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Washington
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060035
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd119107
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd220015
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0(2) primary, secondary, or higher education and alternative methods of education, particularly for new fields of learning or enhanced understanding or application of established fields; (3) biological, marine, and environmental science, particularly as they complement the purposes of medical science, health care, and education; (4) political activities that foster individual responsibility and business development, especially in support of the other purposes; (5) public parks and land, including natural resource conservation; (6) amateur athletics; (7) performing arts; (8) m useums and educational facilities, making historical materials or artistic works accessible to others; (9) historic preservation and rehabilitation; and (10) programs that support best practices and management continuity in familybased, communityoriented privately held businesses;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Projected revenues including investment return should allow Cornet to expend $200,000 on identified educational programs in the report year ended June 30, 2025. Cash reserves of $500,000 are required to cover costs related to professional fees and insurance policies. This could require some spend down of the endowment unless and until the economy and investment holdings including marketable securities improves.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Legal fees in the amount of $26,185 were paid to the law firm of Kozusko Harris Vetter et al. Donald Kozusko and George Harris Jr are partners of that law firm.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part 1-Exempt Purpose
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II - Program Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VII - Compensation of Officers
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0239180
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt142710642
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Received
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Contributed
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Peony 2024 Trust
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Peony 2024 Trust
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0Inter
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1Loan
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IRS990ScheduleR/TransferToOtherOrgInd0false
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt054795602
IRS990/TotalAssetsEOYAmt056059244
IRS990/TotalAssetsGrp/BOYAmt054795602
IRS990/TotalAssetsGrp/EOYAmt056059244
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0160000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0584020
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IRS990/TravelGrp/TotalAmt00
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IRS990/USAddress/AddressLine1Txt01666 K Street NW Suite 400
IRS990/USAddress/CityNm0Washington
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020006
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0George Harris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02024577200
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Cornet Association of America
ReturnHeader/Filer/BusinessNameControlTxt0CORN
ReturnHeader/Filer/EIN0272521668
ReturnHeader/Filer/InCareOfNm0% GEORGE N HARRIS
ReturnHeader/Filer/PhoneNum02024577200
ReturnHeader/Filer/USAddress/AddressLine1Txt0750 17th Street NW Suite 900
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wannen and Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0750 17th Street NW 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0200064675
ReturnHeader/PreparerPersonGrp/PhoneNum02024546700
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark D Wannen CPA
ReturnHeader/ReturnTs02025-08-21T08:11:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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