Civic Intelligence

Coldwater Foundation for Leadership and Community Development

990EZ • Fiscal year 2014 • EIN 27-1609731

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 22, 2015

PO Box 501Grand Marais, MN 55604

(218) 370-9896

Siviq Scores

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

Liabilities / Assets

87th percentile

0.38x

Higher debt load relative to assets than 87% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

80th percentile

0.09x

Higher debt load relative to revenue than 80% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

39th percentile

-0.5%

Higher net margin than 39% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$47,927

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 39.3% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

86th percentile

57%

Faster asset growth than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

48th percentile

0.2%

Faster revenue growth than 48% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$27,604

Up $9,969 (+57%) from 2013

Net Assets

Down

$16,979

Down $656 (-3.7%) from 2013

Liabilities

$10,625

No earlier filing loaded for comparison.

Revenue

Up

$121,823

Up $254 (+0.2%) from 2013

Expenses

Down

$122,479

Down $7,691 (-5.9%) from 2013

Net Income

Up

-$656

Up $7,945 (+92%) from 2013

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: $16,143Net Assets 2011: $16,1432011Assets 2013: $17,635Net Assets 2013: $17,6352013Assets 2014: $27,604Liabilities 2014: $10,625Net Assets 2014: $16,9792014Assets 2015: $153,357Liabilities 2015: $1,106Net Assets 2015: $152,2512015Assets 2016: $134,056Liabilities 2016: $4,828Net Assets 2016: $129,2282016Assets 2017: $121,395Liabilities 2017: $503Net Assets 2017: $120,8922017Assets 2018: $143,469Liabilities 2018: $503Net Assets 2018: $142,9662018Assets 2020: $140,115Liabilities 2020: $3,351Net Assets 2020: $136,7642020Assets 2021: $232,723Liabilities 2021: $18,821Net Assets 2021: $213,9022021Assets 2022: $303,946Liabilities 2022: $12,856Net Assets 2022: $291,0902022Assets 2024: $279,787Liabilities 2024: $13,965Net Assets 2024: $265,8222024

Highlighted filing

2014

Assets$27,604
Liabilities$10,625
Net Assets$16,979

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $148,202Expenses 2011: $143,507Net Income 2011: $4,6952011Revenue 2013: $121,569Expenses 2013: $130,170Net Income 2013: -$8,6012013Revenue 2014: $121,823Expenses 2014: $122,479Net Income 2014: -$6562014Revenue 2015: $317,684Expenses 2015: $181,605Net Income 2015: $136,0792015Revenue 2016: $173,032Expenses 2016: $196,055Net Income 2016: -$23,0232016Revenue 2017: $168,763Expenses 2017: $177,099Net Income 2017: -$8,3362017Revenue 2018: $215,243Expenses 2018: $193,169Net Income 2018: $22,0742018Revenue 2020: $184,096Expenses 2020: $172,300Net Income 2020: $11,7962020Revenue 2021: $371,878Expenses 2021: $294,740Net Income 2021: $77,1382021Revenue 2022: $588,240Expenses 2022: $511,052Net Income 2022: $77,1882022Revenue 2024: $624,117Expenses 2024: $589,145Net Income 2024: $34,9722024

Highlighted filing

2014

Revenue$121,823
Expenses$122,479
Net Income-$656
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 22, 2015
Return Version
2014v5.0
Gross Receipts
$122,747
Mission and Program Overview

Mission

Coldwater exists to develop leaders and promote transformation in community. Coldwater does this by providing a continuum of educational, outdoor leadership and service-learning programs that foster purpose and character in people and engagement in the needs of community.

Program Services

DescriptionGrantsExpenses
COLDWATER EXISTS TO DEVELOP LEADERS AND PROMOTE TRANSFORMATION IN THE COMMUNITY. COLDWATER DOES THIS BY PROVIDING A CONTINUUM OF EDUCATIONAL, OUTDOOR LEADERSHIP AND SERVICE-LEARNING PROGRAMS THAT FOSTER PURPOSE AND CHARACTER IN PEOPLE AND ENGAGEMENT IN THE NEEDS OF COMMUNITY.-$119,920
COLDWATER EXISTS TO DEVELOP LEADERS AND PROMOTE TRANSFORMATION IN THE COMMUNITY. COLDWATER DOES THIS BY PROVIDING A CONTINUUM OF EDUCATIONAL, OUTDOOR LEADERSHIP AND SERVICE-LEARNING PROGRAMS THAT FOSTER PURPOSE AND CHARACTER IN PEOPLE AND ENGAGEMENT IN THE NEEDS OF COMMUNITY.--
PARTNERSHIP WITH NORTHWESTERN COLLEGE: COLDWATER HAS A STAFF PERSON ON THE NWC CAMPUS. THIS POSITION HAS PROVIDED CONTINUITY, DEPTH AND ALIGNMENT WITH NWC OUTDOOR PROGRAMS. IN ADDITION TO THE WORK ON THE NWC CAMPUS, THE STAFF HAS BEEN TRAINING LEADERS FROM THE NWC STUDENT BODY TO WORK WITH THE YOUTH OF ORANGE CITY. THE POSITION COORDINATES THE PORTAGE PROGRAM WHICH IS A NEW STUDENT WILDERNESS ORIENTATION PROGRAM THAT AIMS TO FOSTER RELATIONAL CONNECTEDNESS WITH LEADERS AND NEW PEERS, FACILITATES A HEALTHY TRANSITION FROM HIGH SCHOOL INTO COLLEGE, BEGIN TO DEVELOP A VISION FOR PARTICIPATING IN AN NWC EDUCATION, GREATER SENSE OF SELF EFFICACY, AND CULTIVATE A COMMITMENT TO FAITHFULNESS AND A HEALTH SPIRITUALITY.--
PARTNERSHIP WITH THE GRAND MARAIS EVENGELICAL FREE CHURCH: COLDWATER HAS PARTNERED WITH THE CHURCH RO PROVIDE A DEDICATED YOUTH PASTOR POSITION IMPLEMENTING A YOUTH DEVELOPMENT STRATEGY. UTILIZING SERVICE LEARNING AND ADVENTURE EDUCATION, THE GOAL OF THE MINISTRY IS TO EMPOWER THE YOUTH TO MATURE IN THEIR FAITH TO BECOME CONSISTENT IN APPLYING CHRISTIAN PRINCIPLES TO THEIR DAILY LIVES.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN SUTTONExecutive DiFT$47,927-$47,927
KEVIN HUBERSTreasurer-$0--
TIM OLSONChairmanPT$0--
Filing and Contact Details

Filer

Filer Name
Coldwater Foundation for Leadership
EIN
27-1609731
Phone
2183709896
Address
PO BOX 501, GRAND MARAIS, MN 55604

Signing Officer

Name
Tim Olson
Title
Chairman
Phone
2183709896
Signed
2015-06-22

Preparer

Firm
George F Maruska Ltd CPA
Address
121 1ST AVE WEST PO BOX 550, GRAND MARAIS, MN 55604
Preparer
Raquel Berg
Phone
2183871180
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Parsonage rent income cost of goods sold 3,600 expenses office 1,164 information technology 1,952 travel 834 conferences/meetings 4,720 insurance 4,498 supplies 11,639 maintenance 995 license & permits 2,176 solo training 2,004 donation to vpc 600 dues & subscriptions 654 fica expense 784 total 35,620

Form 990-ez, Part II, Line 24

Donated boat & motor mirrocraft 0 0 donated 2003 chevy suburban 6,000 6,000 2013 canoes 5,088 5,088 total 11,088 11,088

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 10,006 grants payable 0 419 unsecured notes and loans payable 0 200

Form 990-ez, Part III

Coldwater exists to develop leaders and promote transformation in community. Coldwater does this by providing a continuum of educational, outdoor leadership and service-learning programs that foster purpose and character in people and engagement in the needs of community.

Form 990-ez, Part III, Line 28

Coldwater exists to develop leaders and promote transformation in the community. Coldwater does this by providing a continuum of educational, outdoor leadership and service-learning programs that foster purpose and character in people and engagement in the needs of community.

Form 990-ez, Part III, Line 29

Partnership with northwestern college: coldwater has a staff person on the nwc campus. This position has provided continuity, depth and alignment with nwc outdoor programs. In addition to the work on the nwc campus, the staff has been training leaders from the nwc student body to work with the youth of orange city. The position coordinates the portage program which is a new student wilderness orientation program that aims to foster relational connectedness with leaders and new peers, facilitates a healthy transition from high school into college, begin to develop a vision for participating in an nwc education, greater sense of self efficacy, and cultivate a commitment to faithfulness and a health spirituality.

Form 990-ez, Part III, Line 30

Partnership with the grand marais evengelical free church: coldwater has partnered with the church ro provide a dedicated youth pastor position implementing a youth development strategy. Utilizing service learning and adventure education, the goal of the ministry is to empower the youth to mature in their faith to become consistent in applying christian principles to their daily lives.

Form 990-ez, Part III, Line 31

Coldwater exists to develop leaders and promote transformation in the community. Coldwater does this by providing a continuum of educational, outdoor leadership and service-learning programs that foster purpose and character in people and engagement in the needs of community.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PARSONAGE RENT INCOME COST OF GOODS SOLD 3,600 EXPENSES OFFICE 1,164 INFORMATION TECHNOLOGY 1,952 TRAVEL 834 CONFERENCES/MEETINGS 4,720 INSURANCE 4,498 SUPPLIES 11,639 MAINTENANCE 995 LICENSE & PERMITS 2,176 SOLO TRAINING 2,004 DONATION TO VPC 600 DUES & SUBSCRIPTIONS 654 FICA EXPENSE 784 TOTAL 35,620
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COLDWATER EXISTS TO DEVELOP LEADERS AND PROMOTE TRANSFORMATION IN THE COMMUNITY. COLDWATER DOES THIS BY PROVIDING A CONTINUUM OF EDUCATIONAL, OUTDOOR LEADERSHIP AND SERVICE-LEARNING PROGRAMS THAT FOSTER PURPOSE AND CHARACTER IN PEOPLE AND ENGAGEMENT IN THE NEEDS OF COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PARTNERSHIP WITH NORTHWESTERN COLLEGE: COLDWATER HAS A STAFF PERSON ON THE NWC CAMPUS. THIS POSITION HAS PROVIDED CONTINUITY, DEPTH AND ALIGNMENT WITH NWC OUTDOOR PROGRAMS. IN ADDITION TO THE WORK ON THE NWC CAMPUS, THE STAFF HAS BEEN TRAINING LEADERS FROM THE NWC STUDENT BODY TO WORK WITH THE YOUTH OF ORANGE CITY. THE POSITION COORDINATES THE PORTAGE PROGRAM WHICH IS A NEW STUDENT WILDERNESS ORIENTATION PROGRAM THAT AIMS TO FOSTER RELATIONAL CONNECTEDNESS WITH LEADERS AND NEW PEERS, FACILITATES A HEALTHY TRANSITION FROM HIGH SCHOOL INTO COLLEGE, BEGIN TO DEVELOP A VISION FOR PARTICIPATING IN AN NWC EDUCATION, GREATER SENSE OF SELF EFFICACY, AND CULTIVATE A COMMITMENT TO FAITHFULNESS AND A HEALTH SPIRITUALITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PARTNERSHIP WITH THE GRAND MARAIS EVENGELICAL FREE CHURCH: COLDWATER HAS PARTNERED WITH THE CHURCH RO PROVIDE A DEDICATED YOUTH PASTOR POSITION IMPLEMENTING A YOUTH DEVELOPMENT STRATEGY. UTILIZING SERVICE LEARNING AND ADVENTURE EDUCATION, THE GOAL OF THE MINISTRY IS TO EMPOWER THE YOUTH TO MATURE IN THEIR FAITH TO BECOME CONSISTENT IN APPLYING CHRISTIAN PRINCIPLES TO THEIR DAILY LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COLDWATER EXISTS TO DEVELOP LEADERS AND PROMOTE TRANSFORMATION IN THE COMMUNITY. COLDWATER DOES THIS BY PROVIDING A CONTINUUM OF EDUCATIONAL, OUTDOOR LEADERSHIP AND SERVICE-LEARNING PROGRAMS THAT FOSTER PURPOSE AND CHARACTER IN PEOPLE AND ENGAGEMENT IN THE NEEDS OF COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 30
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART III, LINE 31
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ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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