Civic Intelligence

Cortez Foundation

EIN 84-4064963 • 501(c)3 • Las Vegas, NV

Profile

The cortez foundation provides world-class mentorship and financial freedom education to fuel prosperous growth for underserved asian american artists and entertainers

3225 Mcleod Dr Ste 100Las Vegas, NV 89121

n/A

Siviq Scores

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

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

34th percentile

-7.1%

Higher net margin than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

35th percentile

-13%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

238%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$158,981

Down $151,554 (-49%) from 2022

Liabilities

Down

$1,741

Down $3,017 (-63%) from 2022

Net Assets

Down

$157,240

Down $148,537 (-49%) from 2022

Operations
Liabilities / Revenue69th percentileNet Margin34th percentile

Revenue

Down

$18,574

Down $701,152 (-97%) from 2022

Expenses

Down

$166,418

Down $408,127 (-71%) from 2022

Net Income

Down

-$147,844

Down $293,025 (-202%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

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

$400K$300K$200K$100K$0Assets 2019: $98,000Liabilities 2019: $15,096Net Assets 2019: $82,9042019Assets 2020: $194,779Liabilities 2020: $0Net Assets 2020: $194,7792020Assets 2021: $168,521Liabilities 2021: $4,877Net Assets 2021: $163,6442021Assets 2022: $310,535Liabilities 2022: $4,758Net Assets 2022: $305,7772022Assets 2023: $158,981Liabilities 2023: $1,741Net Assets 2023: $157,2402023

Highlighted filing

2023

Assets$158,981
Liabilities$1,741
Net Assets$157,240
Open 2023 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.0M$500K$0-$500KRevenue 2019: $98,000Expenses 2019: $15,096Net Income 2019: $82,9042019Revenue 2020: $130,475Expenses 2020: $18,600Net Income 2020: $111,8752020Revenue 2021: $441,183Expenses 2021: $472,318Net Income 2021: -$31,1352021Revenue 2022: $719,726Expenses 2022: $574,545Net Income 2022: $145,1812022Revenue 2023: $18,574Expenses 2023: $166,418Net Income 2023: -$147,8442023

Highlighted filing

2023

Revenue$18,574
Expenses$166,418
Net Income-$147,844
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,981
Liabilities
$1,741
Net assets
$157,240
Revenue
$18,574
Expenses
$166,418
Net income
-$147,844
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.59$0.02$1.57$0.19$1.66$1.48
2022Detailed filing. Detailed filing data is available for this year.$3.11$0.05$3.06$7.20$5.75$1.45
2021Detailed filing. Detailed filing data is available for this year.$1.69$0.05$1.64$4.41$4.72$0.31
2020Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$1.30$0.19$1.12
2019Detailed filing. Detailed filing data is available for this year.$0.98$0.15$0.83$0.98$0.15$0.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$18,574
Mission and Program Overview

Mission

Mentorship and financial education

The cortez foundation provides world-class mentorship and financial freedom education to fuel prosperous growth for underserved asian american artists and entertainers

Program Services

DescriptionGrantsExpenses
THE CORTEZ FOUNDATION PROVIDES WORLD-CLASS MENTORSHIP AND FINANCIAL FREEDOM EDUCATION TO FUEL PROSPEROUS GROWTH FOR UNDERSERVED ASIAN AMERICAN ARTISTS AND ENTERTAINERS-$100,003
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARC CORTEZPresident-$0--
DERRICK CORTEZDirector-$0--
MICHAEL CORTEZDirector-$0--
Filing and Contact Details

Filer

Filer Name
Cortez Foundation
EIN
84-4064963
Address
3225 MCLEOD DR STE 100, LAS VEGAS, NV 89121

Signing Officer

Name
Marc Cortez
Title
President
Signed
2024-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Davis Ward & Hochman LLP
Address
150 E 58th St 20TH Flr, New York, NY 10155
Preparer
David H Ward
Phone
2122302600
Supplemental Narrative

Additional Explanations

Other Expenses.1005

“Travel $5086”

Other Expenses.1012

“Insurance $2417”

Other Expenses.1

“PROGRAM EXPENSE $100003”

Other Expenses.2

“FOOD AND BEVERAGE $7352”

Other Expenses.3

“OFFICE SUPPLIES $3269”

Other Expenses.4

“UTILITIES $2700”

Other Expenses.5

“ENTERTAINMENT $2473”

Other Expenses.7

“GAS $2149”

Other Expenses.8

“BANK FEES $479”

Other Expenses.9

“CREDIT CARD FEES $95”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $4758 Accounts Payable and Accrued Expenses - Ending $1741”

Raw XML Appendix154 raw XML fields

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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PrintingPublicationsPostageAmt02274
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt018572
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IRS990ScheduleA/TotalSupportAmt01406192
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $2417
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UTILITIES $2700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ENTERTAINMENT $2473
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GAS $2149
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1001
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARC CORTEZ
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ReturnHeader/Filer/EIN0844064963
ReturnHeader/Filer/USAddress/AddressLine1Txt03225 MCLEOD DR STE 100
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ReturnHeader/PreparerPersonGrp/PhoneNum02122302600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID H WARD
ReturnHeader/ReturnTs02024-11-06T08:28:05-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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