Civic Intelligence

Corvino Foundation Inc.

EIN 85-0661282 • 501(c)3 • Chesterfield, NJ

Pub. 78 Eligible990-N CoverageNTEE P20

Profile

The corporation is organized exclusively for charitable, educational, religious, or scientific purposes within the meaning of section 501 (c)(3) of the internal revenue code. It is providing a service to addicts in recovery who are looking to transition out of a halfway house system to a sober living community within the state of nj. Corvino foundation provides a scholarship that would help pay for an individual's first 7 weeks of rent and also provide a recovery coach to help with the transition coming out of treatment. The operation and administration of the scholarship is operated by the herren project,a 501(c)3 located in portsmouth, ri. In 2022, the foundation provided 37 individual scholars with rental assistance and recovery coaching.

283 Sykesville RoadChesterfield, NJ 08515

www.corvinofoundation.org

Siviq Scores

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

Liabilities / Assets

65th percentile

0.00x

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

NTEE P20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.00x

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

NTEE P20 • <$500k nonprofits • Source year 2023

Net Margin

82nd percentile

48%

Higher net margin than 82% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

NTEE P20 • <$500k nonprofits • Source year 2023

Asset Growth

97th percentile

928%

Faster asset growth than 97% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

35%

Faster revenue growth than 71% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$52,537

Up $47,425 (+928%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Up

$52,537

Up $47,425 (+928%) from 2022

Operations
Liabilities / Revenue67th percentileNet Margin82nd percentile

Revenue

Up

$99,729

Up $25,589 (+35%) from 2022

Expenses

Down

$52,304

Down $17,974 (-26%) from 2022

Net Income

Up

$47,425

Up $43,563 (+1128%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

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

$60K$40K$20K$0Assets 2020: $851Net Assets 2020: $8512020Assets 2022: $5,112Net Assets 2022: $5,1122022Assets 2023: $52,537Liabilities 2023: $0Net Assets 2023: $52,5372023

Highlighted filing

2023

Assets$52,537
Liabilities$0
Net Assets$52,537
Open 2023 Filing

Operations Trend

Revenue Growth71st percentile

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

$100K$50K$0Revenue 2020: $43,683Expenses 2020: $42,832Net Income 2020: $8512020Revenue 2022: $74,140Expenses 2022: $70,278Net Income 2022: $3,8622022Revenue 2023: $99,729Expenses 2023: $52,304Net Income 2023: $47,4252023

Highlighted filing

2023

Revenue$99,729
Expenses$52,304
Net Income$47,425
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$52,537
Liabilities
$0
Net assets
$52,537
Revenue
$99,729
Expenses
$52,304
Net income
$47,425
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$52.5$0.00$52.5$99.7$52.3$47.4
2022Detailed filing. Detailed filing data is available for this year.$5.11$5.11$74.1$70.3$3.86
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.85$43.7$42.8$0.85
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 10, 2024
Return Version
2023v5.0
Gross Receipts
$99,729
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable, educational, religious, or scientific purposes within the meaning of section 501 (c)(3) of the internal revenue code. It is providing a service to addicts in recovery who are looking to transition out of a halfway house system to a sober living community within the state of nj. Corvino foundation provides a scholarship that would help pay for an individual's first 7 weeks of rent and also provide a recovery coach to help with the transition coming out of treatment. The operation and administration of the scholarship is operated by the herren project,a 501(c)3 located in portsmouth, ri. In 2022, the foundation provided 37 individual scholars with rental assistance and recovery coaching.

The mission is to support the recovery of men & women transitioning through the Recovery House System. A 501c3 in the State of New Jersey

Program Services

DescriptionGrantsExpenses
Providing scholarships to individuals leaving Drug & Alcohol Treatment entering into Recovery Housing. Program had a 62% retention rate over the programs 6 month length$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian CorvinoPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Corvino Foundation Inc
EIN
85-0661282
Phone
2016507660
Address
283 Sykesville Road, Chesterfield, NJ 08515

Signing Officer

Name
Brian Corvino
Title
President
Phone
2016507660
Signed
2024-05-10
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Name: Herren Project Address: PO Box 131 Portsmouth, RI 02871 Cash Contribution: $55,000”

Form 990-EZ, Part I, Line 16

“Description;Amount^Advertising;1295|Fees;8|Insurance;1543|Legal;106|Meals;866|Office Supplies;1586|Tax License;60^Total;5464^”

Form 990-EZ, Part II, Line 24

“Assets from the prior year”

Raw XML Appendix142 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.

Path#Value
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IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Brian Corvino
IRS990EZ/BooksInCareOfDetail/PhoneNum02016507660
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0283 Sykesville Road
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Chesterfield
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008515
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05112
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt047425
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt099729
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt047425
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01575
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05112
IRS990EZ/Form990TotalAssetsGrp/EOYAmt052537
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt045210
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt099729
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05112
IRS990EZ/NetAssetsOrFundBalancesEOYAmt052537
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05112
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt052537
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Brian Corvino
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05112
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt05464
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The mission is to support the recovery of men & women transitioning through the Recovery House System. A 501c3 in the State of New Jersey
IRS990EZ/PrintingPublicationsPostageAmt055
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Providing scholarships to individuals leaving Drug & Alcohol Treatment entering into Recovery Housing. Program had a 62% retention rate over the programs 6 month length
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt052304
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt099729
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.corvinofoundation.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt099729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt074140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt038078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt043683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0255630
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0255630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt099729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt074140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt038078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt043683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0255630
IRS990ScheduleA/TotalSupportAmt0255630
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Name: Herren Project Address: PO Box 131 Portsmouth, RI 02871 Cash Contribution: $55,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Advertising;1295|Fees;8|Insurance;1543|Legal;106|Meals;866|Office Supplies;1586|Tax License;60^Total;5464^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Assets from the prior year
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian Corvino
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02016507660
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORVINO FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CORV
ReturnHeader/Filer/EIN0850661282
ReturnHeader/Filer/PhoneNum02016507660
ReturnHeader/Filer/USAddress/AddressLine1Txt0283 Sykesville Road
ReturnHeader/Filer/USAddress/CityNm0Chesterfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008515
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-05-10T10:13:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Brian
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Corvino
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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