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Codefi Foundation On Rural Innovation

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.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.19M (2023)

Expenses
$2.4M (2023)

Total Assets
$431k (2023)

Total Liabilities
$179k (2023)

Source: Form 990 tax filings from 2016 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,194,914
Expenses
$2,402,498
Net Income
-$207,584
Net Assets
$252,135
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,029,896
92.5%
Program Services $164,483
7.5%
Investment Income $226
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $309
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $211,093
8.8%
Assets/Debt
Total Assets $430,740
Total Liabilities $178,605
Net Assets $252,135
Compensation
Key Employees and Officers Compensation Related Other
Dr James Stapleton (President & Ceo) $105,546 $0 $0
Chris Carnell (Executive Director) $105,546 $0 $0
Glenn Campbell (Vice President) $0 $0 $0
Chauncy Buchheit (Secetary) $0 $0 $0
Tim Goodman (Board Member) $0 $0 $0
Aaron Panton (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,927,331
Expenses
$1,989,779
Net Income
-$62,448
Net Assets
$459,719
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,729,385
89.7%
Program Services $197,617
10.3%
Investment Income $221
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $108
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $193,125
9.7%
Assets/Debt
Total Assets $460,489
Total Liabilities $770
Net Assets $459,719
Compensation
Key Employees and Officers Compensation Related Other
Chris Carnell (Executive Director) $96,593 $0 $0
Dr James Stapleton (Chairperson) $96,563 $0 $0
Glenn Campbell (Vice President) $0 $0 $0
Chauncy Buchheit (Secetary) $0 $0 $0
Tim Goodman (Board Member) $0 $0 $0
Aaron Panton (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,069,437
Expenses
$1,301,776
Net Income
-$232,339
Net Assets
$522,167
Notable Sources of Revenue Percent of Total Revenue
Contributions $958,920
89.7%
Program Services $109,500
10.2%
Investment Income $876
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $141
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $225,327
17.3%
Assets/Debt
Total Assets $527,120
Total Liabilities $4,953
Net Assets $522,167
Compensation
Key Employees and Officers Compensation Related Other
Dr James Stapleton (Chairperson) $102,163 $0 $0
Chris Carnell (Executive Director) $102,163 $0 $0
Jeffrey Maurer (Board Member) $0 $0 $0
Glenn Campbell (Vice President) $0 $0 $0
Chauncy Buchheit (Secetary) $0 $0 $0
Tim Goodman (Board Member) $0 $0 $0
Aaron Panton (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,286,602
Expenses
$1,225,570
Net Income
$61,032
Net Assets
$754,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,265,418
98.4%
Program Services $18,400
1.4%
Investment Income $2,684
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $100
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $215,428
17.6%
Assets/Debt
Total Assets $806,127
Total Liabilities $51,621
Net Assets $754,506
Compensation
Key Employees and Officers Compensation Related Other
Dr James Stapleton (Chairperson) $72,870 $0 $0
Chris Carnell (Executive Director) $72,870 $0 $0
Jeffrey Maurer (Board Member) $0 $0 $0
Glenn Campbell (Vice President) $0 $0 $0
Chauncy Buchheit (Secetary) $0 $0 $0
Tim Goodman (Board Member) $0 $0 $0
Aaron Panton (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$661,512
Expenses
$533,286
Net Income
$128,226
Net Assets
$693,474
Notable Sources of Revenue Percent of Total Revenue
Contributions $643,655
97.3%
Program Services $10,961
1.7%
Investment Income $6,889
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $18,472
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $18,472
3.5%
Assets/Debt
Total Assets $696,727
Total Liabilities $3,253
Net Assets $693,474
Compensation
Key Employees and Officers Compensation Related Other
Dr James Stapleton (Chairperson) $18,472 $0 $0
Chris Carnell (Executive Director) $18,472 $0 $0
Jeffrey Maurer (Board Member) $0 $0 $0
Glenn Campbell (Vice President) $0 $0 $0
Chauncy Buchheit (Secetary) $0 $0 $0
Tim Goodman (Board Member) $0 $0 $0
Aaron Panton (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$458,384
Expenses
$313,221
Net Income
$145,163
Net Assets
$555,248
Notable Sources of Revenue Percent of Total Revenue
Contributions $428,558
93.5%
Program Services $29,761
6.5%
Investment Income $65
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $556,313
Total Liabilities $1,065
Net Assets $555,248
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jeffrey Maurer (Chairperson) $0 $0 $0
Glenn Campbell (Vice President) $0 $0 $0
Chauncy Buchheit (Secretary) $0 $0 $0
Tim Goodman (Board Member) $0 $0 $0
Jerry Stone (Board Member) $0 $0 $0
Ross Mcferron (Board Member) $0 $0 $0
Dr James Stapleton (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$643,858
Expenses
$272,510
Net Income
$371,348
Net Assets
$410,085
Notable Sources of Revenue Percent of Total Revenue
Contributions $628,198
97.6%
Program Services $15,660
2.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $435,035
Total Liabilities $24,950
Net Assets $410,085
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jeffrey Maurer (Chairperson) $0 $0 $0
Glenn Campbell (Vice Preside) $0 $0 $0
Chauncy Buchheit (Secretary) $0 $0 $0
Tim Goodman (Board Member) $0 $0 $0
Jerry Stone (Board Member) $0 $0 $0
Ross Mcferron (Board Member) $0 $0 $0
Dr James Stapleton (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$70,115
Expenses
$31,378
Net Income
$38,737
Net Assets
$38,737
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,865
75.4%
Program Services $17,250
24.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $51,937
Total Liabilities $13,200
Net Assets $38,737

Document Links

About 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.

Which Organizations Are Here?

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 »

Get the Data

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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