Civic Intelligence

Cool Globes Inc

990EZ • Fiscal year 2022 • EIN 20-5212070

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

838 Central Avenue PO Box 640Highland Park, IL 60035

(847) 529-3876

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

42nd percentile

-2.6%

Faster asset growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$104,613

Down $2,748 (-2.6%) from 2021

Net Assets

Up

$104,613

Up $6,052 (+6.1%) from 2021

Liabilities

Down

$0

Down $8,800 (-100%) from 2021

Revenue

Down

$0

Down $55,000 (-100%) from 2021

Expenses

Down

$3,949

Down $275,045 (-99%) from 2021

Net Income

Up

-$3,949

Up $220,045 (+98%) from 2021

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

2022

Assets$104,613
Liabilities$0
Net Assets$104,613

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

2022

Revenue$0
Expenses$3,949
Net Income-$3,949
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$0
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.

Program Services

DescriptionGrantsExpenses
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.-$3,949
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy AbramsPresident/Director-$0--
William AbramsTreasurer/Director-$0--
James AbramsSecretary/Director-$0--
ann loucksDirector-$0--
lynn harrisDirector-$0--
Governance and Compliance

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
In Care Of
% DAN O'KEEFE
Phone
8475293876
Address
838 CENTRAL AVENUE PO BOX 640, HIGHLAND PARK, IL 60035

Signing Officer

Name
Wendy Abrams
Title
President/Director
Phone
3126091100
Signed
2023-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Robbins & Associates LLC
Address
323 E WACKER DR STE 350, CHICAGO, IL 60601
Preparer
Alberto Flores EA
Phone
3126091100
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

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.

Form 990EZ Part I Line 16

Description:GLOBE PRODUCTION Amount:3887

Form 990EZ Part I Line 16

Description:ORGANIZATIONAL EXPENSES Amount:62

Form 990EZ Part I Line 20

Description:PRIOR PERIOD ADJUSTMENT Amount:10000

Raw XML Appendix174 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Cool Globes, Inc. is a nonprofit cultural and educational institution located in Northfield, Illinois. Since 2006, the Corporation has underwritten approximately 30 exhibits in major cities across the United States including Washington DC, San Francisco, San Diego, Los Angeles, Houston, Cleveland, Boston, New York, Pittsburgh, Atlanta and Charlotte. Cool Globes, Inc. engages the public on the issues surrounding climate change. Sculptures are placed on sidewalks, each noting a particular solution to climate change. This supports a non-threatening manner to confront the public on the need for global warming awareness. In addition, the Corporation publishes on its website, an Educator Toolkit, to assist teachers in developing curriculum that will engage students on the issues of climate change and how they can make a difference in their daily lives, as well as, develop awareness of the larger issues affecting the planet. The Corporation has historically met the 33 1/3%-support test, each year, since inception. While it did not meet this test for more recent years, the Corporation regularly receives a substantial portion of its support from the general public or from government units. Specifically, for the years 2018, 2019 and 2020 the public support percentages were 32.78%, 28.29% and 28.62% respectively. The Corporation continues to attract new public and government support on an ongoing basis through existing and new exhibits, as well as, by an online presence at www.coolglobes.org. The exhibits are open to the public, often placed in prominent public spaces such as the U.S. Botanical Gardens in Washington DC or Battery Park in New York City. They are specifically designed to engage a broad cross section of the general public, and are not restricted to a particular geographic location or target demographic. Given the above, the Corporation satisfies the 10% Facts and Circumstances Test for determining public charity status in 2022.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COOL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WENDY ABRAMS AND JAMES ABRAMS - FAMILY RELATIONSHIP JAMES ABRAMS AND WILLIAM ABRAMS - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A 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/ExplanationTxt3THE BOARD HAS AN ANNUAL MEETING. THE BOARD MEMBERS ARE INTEGRAL PARTS OF THE OPERATION OF THE ORGANIZATION, MAKING WHISTLEBLOWER POLICIES LESS VITAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO COMPENSATION IS PAID TO ANY OFFICERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description:GLOBE PRODUCTION Amount:3887
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Description:ORGANIZATIONAL EXPENSES Amount:62
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Description:PRIOR PERIOD ADJUSTMENT Amount:10000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B:
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19:
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990EZ PART I LINE 20
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum03126091100
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ReturnHeader/Filer/BusinessNameControlTxt0COOL
ReturnHeader/Filer/EIN0205212070
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alberto Flores EA
ReturnHeader/ReturnTs02023-11-15T12:59:32-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WENDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ABRAMS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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