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Corson Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$72.8k (2024)

Expenses
$114k (2024)

Total Assets
$908k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$72,805
Expenses
$113,753
Net Income
-$40,948
Net Assets
$907,559
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,606
3.6%
Dividends $83,744
> 100%
Sales of Assets -$13,545
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $96,999
85.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $907,559
Total Liabilities $0
Net Assets $907,559
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Possee (Trustee) $0 $0
Philip Richard Flynn Corson (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$1,922
Expenses
$228,913
Net Income
-$230,835
Net Assets
$1,011,690
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $81,963
Sales of Assets -$83,885
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $205,966
90.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,011,690
Total Liabilities $0
Net Assets $1,011,690
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Possee (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$426,250
Expenses
$206,598
Net Income
$219,652
Net Assets
$1,233,525
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $80,632
18.9%
Sales of Assets $345,618
81.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $189,996
92.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,233,525
Total Liabilities $0
Net Assets $1,233,525
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Possee (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$257,593
Expenses
$199,709
Net Income
$57,884
Net Assets
$1,013,873
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $75,612
29.4%
Sales of Assets $181,981
70.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $178,555
89.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,013,873
Total Liabilities $0
Net Assets $1,013,873
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Possee (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$293,714
Expenses
$192,972
Net Income
$100,742
Net Assets
$948,633
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $71,977
24.5%
Sales of Assets $221,737
75.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $174,500
90.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $948,634
Total Liabilities $1
Net Assets $948,633
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Posse (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$132,843
Expenses
$207,377
Net Income
-$74,534
Net Assets
$848,305
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $76,650
57.7%
Sales of Assets $56,182
42.3%
Other Income $11
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $192,400
92.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $848,306
Total Liabilities $1
Net Assets $848,305
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Posse (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$307,697
Expenses
$196,752
Net Income
$110,945
Net Assets
$922,840
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $73,694
24.0%
Sales of Assets $234,003
76.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $174,600
88.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $922,840
Total Liabilities $0
Net Assets $922,840
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Posse (Trustee) $0 $0
Harry Murphy Deceased 21819 (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$175,988
Expenses
$134,968
Net Income
$41,020
Net Assets
$750,555
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $71,416
40.6%
Sales of Assets $104,236
59.2%
Other Income $336
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $108,000
80.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $750,555
Total Liabilities $0
Net Assets $750,555
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Posse (Trustee) $0 $0
Harry Murphy (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$151,033
Expenses
$148,982
Net Income
$2,051
Net Assets
$750,737
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $69,502
46.0%
Sales of Assets $81,258
53.8%
Other Income $273
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $124,700
83.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $750,737
Total Liabilities $0
Net Assets $750,737
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Posse (Trustee) $0 $0
Harry Murphy (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$103,190
Expenses
$171,491
Net Income
-$68,301
Net Assets
$748,686
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $69,253
67.1%
Sales of Assets $31,990
31.0%
Other Income $1,947
1.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $138,791
80.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $748,686
Total Liabilities $0
Net Assets $748,686
Compensation
Key Employees and Officers Compensation Other
John Ef Corson (Trustee) $0 $0
Carl Posse (Trustee) $0 $0
Harry Murphy (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$116,641
Expenses
$143,457
Net Income
-$26,816
Net Assets
$816,987
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $66,377
56.9%
Sales of Assets $50,264
43.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $120,100
83.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $816,987
Total Liabilities $0
Net Assets $816,987

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$138,916
Expenses
$138,797
Net Income
$119
Net Assets
$843,803
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $59,686
43.0%
Sales of Assets $78,858
56.8%
Other Income $372
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $119,200
85.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $843,803
Total Liabilities $0
Net Assets $843,803

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$309,040
Expenses
$197,982
Net Income
$111,058
Net Assets
$843,685
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $59,981
19.4%
Sales of Assets $249,034
80.6%
Other Income $25
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $167,842
84.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $843,685
Total Liabilities $0
Net Assets $843,685

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$87,518
Expenses
$179,076
Net Income
-$91,558
Net Assets
$743,061
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $55,776
63.7%
Sales of Assets $31,649
36.2%
Other Income $93
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $157,335
87.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $743,061
Total Liabilities $0
Net Assets $743,061

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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