Civic Intelligence

Cool Globes Inc

990 • Fiscal year 2019 • EIN 20-5212070

Jan 01, 2019 to Dec 31, 2019 • Filed on May 13, 2020

Three Lakes DriveNorthfield, IL 60093

(847) 949-5500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

97th percentile

333%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

40%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$193,168

Up $148,506 (+333%) from 2018

Net Assets

Up

$193,168

Up $151,656 (+365%) from 2018

Liabilities

Down

$0

Down $3,150 (-100%) from 2018

Revenue

Up

$300,000

Up $85,000 (+40%) from 2018

Expenses

Down

$148,344

Down $63,612 (-30%) from 2018

Net Income

Up

$151,656

Up $148,612 (+4882%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $128,952Liabilities 2011: $4,206Net Assets 2011: $124,7462011Assets 2012: $69,292Liabilities 2012: $650Net Assets 2012: $68,6422012Assets 2013: $17,272Liabilities 2013: $0Net Assets 2013: $17,2722013Assets 2014: $43,141Liabilities 2014: $0Net Assets 2014: $43,1412014Assets 2015: $75,251Liabilities 2015: $0Net Assets 2015: $75,2512015Assets 2016: $133,879Liabilities 2016: $1,200Net Assets 2016: $132,6792016Assets 2017: $38,468Liabilities 2017: $0Net Assets 2017: $38,4682017Assets 2018: $44,662Liabilities 2018: $3,150Net Assets 2018: $41,5122018Assets 2019: $193,168Liabilities 2019: $0Net Assets 2019: $193,1682019Assets 2020: $322,556Liabilities 2020: $0Net Assets 2020: $322,5562020Assets 2021: $107,361Liabilities 2021: $8,800Net Assets 2021: $98,5612021Assets 2022: $104,613Liabilities 2022: $0Net Assets 2022: $104,6132022Assets 2023: $77,959Liabilities 2023: $0Net Assets 2023: $77,9592023

Highlighted filing

2019

Assets$193,168
Liabilities$0
Net Assets$193,168

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KExpenses 2011: $190,2112011Revenue 2012: $71,128Expenses 2012: $127,232Net Income 2012: -$56,1042012Revenue 2013: $280,882Expenses 2013: $332,252Net Income 2013: -$51,3702013Revenue 2014: $125,001Expenses 2014: $99,132Net Income 2014: $25,8692014Revenue 2015: $364,636Expenses 2015: $332,527Net Income 2015: $32,1092015Revenue 2016: $162,650Expenses 2016: $104,422Net Income 2016: $58,2282016Revenue 2017: $0Expenses 2017: $95,013Net Income 2017: -$95,0132017Revenue 2018: $215,000Expenses 2018: $211,956Net Income 2018: $3,0442018Revenue 2019: $300,000Expenses 2019: $148,344Net Income 2019: $151,6562019Revenue 2020: $291,560Expenses 2020: $162,172Net Income 2020: $129,3882020Revenue 2021: $55,000Expenses 2021: $278,994Net Income 2021: -$223,9942021Revenue 2022: $0Expenses 2022: $3,949Net Income 2022: -$3,9492022Revenue 2023: $0Expenses 2023: $26,654Net Income 2023: -$26,6542023

Highlighted filing

2019

Revenue$300,000
Expenses$148,344
Net Income$151,656
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 13, 2020
Return Version
2019v5.1
Gross Receipts
$300,000
Mission and Program Overview

Mission

Cool globes: hot ideas for a cooler planet is an innovative project that uses the medium of public art to inspire individiuals and organizations to take action against global warming.

Cool globes: hot ideas for a cooler planet is an innovative project that uses the medium of public art to inspire individuals and organizations to take action against global warming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$44,662$193,168▲ $148,506
Cap Stk Tr Prin Current Funds$41,512$193,168▲ $151,656
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$44,662$193,168▲ $148,506
Liabilities
Accounts Payable and Accrued Expenses$3,150--
Total Liabilities$3,150$0▼ $3,150
Net Assets / Fund Balance
Total Net Assets Fund Balance$41,512$193,168▲ $151,656
Total Liabilities and Net Assets / Fund Balance$44,662$193,168▲ $148,506
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wendy AbramsPresident/director
Ann LoucksDirector
Lynn HarrisDirector
James AbramsSecretary/director
William AbramsTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$300,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$300,000
Change in Net Assets
$151,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$148,344
Total Fundraising Expense$10,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$75,495$21,570$10,785$107,850
Fees for Services Accounting-$4,710-$4,710
Other Expenses$375$10-$10
Total Functional Expenses$111,269$26,290$10,785$148,344
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Wendy abrams and james abrams - family relationship james abrams and william abrams - family relationship

Form 990, Part VI, Section B, Line 11B

A draft of the 990 is reviewed by the organization. A final copy of the return is provided to all board members prior to filing.

Form 990, Part VI, Section B, Line 12C

The board has an annual meeting. The board members are integral parts of the operation of the organization, making whistleblower policies less vital.

Form 990, Part VI, Section B, Line 15

No compensation is paid to any officers of the organization.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Cool Globes Inc
EIN
20-5212070
Phone
8479495500
Address
THREE LAKES DRIVE, NORTHFIELD, IL 60093

Signing Officer

Name
Wendy D Abrams
Title
President/director
Phone
8479495500
Signed
2020-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy D Abrams
Formed
2006
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Robbins & Associates LLC
Address
180 N STETSON AVE STE 2550, CHICAGO, IL 60601
Preparer
Terry L Robbins
Phone
3126091100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting services: program service expenses 75,495. Management and general expenses 21,570. Fundraising expenses 10,785. Total expenses 107,850.

Raw XML Appendix319 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE 990 IS REVIEWED BY THE ORGANIZATION. A FINAL COPY OF THE RETURN IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD HAS AN ANNUAL MEETING. THE BOARD MEMBERS ARE INTEGRAL PARTS OF THE OPERATION OF THE ORGANIZATION, MAKING WHISTLEBLOWER POLICIES LESS VITAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMPENSATION IS PAID TO ANY OFFICERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 75,495. MANAGEMENT AND GENERAL EXPENSES 21,570. FUNDRAISING EXPENSES 10,785. TOTAL EXPENSES 107,850.
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COOL GLOBES INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O LAURA KNUDSON
ReturnHeader/Filer/BusinessNameControlTxt0COOL
ReturnHeader/Filer/EIN0205212070
ReturnHeader/Filer/PhoneNum08479495500
ReturnHeader/Filer/USAddress/AddressLine1Txt0THREE LAKES DRIVE
ReturnHeader/Filer/USAddress/CityNm0NORTHFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060093
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05FE8C8138073B3329E5FE5D840E7E1FF69BFF024
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AC4EB11A1342EDEFAEACECED29D4DD96476857EE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0172.87.50.90
ReturnHeader/FilingSecurityInformation/IPDt02020-05-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:25:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364268995
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBBINS & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0180 N STETSON AVE STE 2550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060601
ReturnHeader/PreparerPersonGrp/PhoneNum03126091100
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERRY L ROBBINS
ReturnHeader/ReturnTs02020-06-30T09:22:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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