Civic Intelligence

Cool Ministries

990 • Fiscal year 2021 • EIN 36-3310492

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 15, 2022

800 W Glen Flora AveWaukegan, IL 60085

(847) 662-1340

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.05x

Higher debt load relative to revenue than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

73rd percentile

29%

Higher net margin than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

51st percentile

$59,627

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

68th percentile

20%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

12%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,299,423

Up $220,314 (+20%) from 2020

Net Assets

Up

$1,263,166

Up $212,058 (+20%) from 2020

Liabilities

Up

$36,257

Up $8,256 (+29%) from 2020

Revenue

Up

$659,687

Up $71,552 (+12%) from 2020

Expenses

Up

$469,488

Up $18,444 (+4.1%) from 2020

Net Income

Up

$190,199

Up $53,108 (+39%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2020: $1,079,109Liabilities 2020: $28,001Net Assets 2020: $1,051,1082020Assets 2021: $1,299,423Liabilities 2021: $36,257Net Assets 2021: $1,263,1662021Assets 2022: $1,220,222Liabilities 2022: $22,310Net Assets 2022: $1,197,9122022Assets 2023: $1,235,709Liabilities 2023: $26,556Net Assets 2023: $1,209,1532023Assets 2024: $1,321,435Liabilities 2024: $32,787Net Assets 2024: $1,288,6482024

Highlighted filing

2021

Assets$1,299,423
Liabilities$36,257
Net Assets$1,263,166

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $588,135Expenses 2020: $451,044Net Income 2020: $137,0912020Revenue 2021: $659,687Expenses 2021: $469,488Net Income 2021: $190,1992021Revenue 2022: $1,553,973Expenses 2022: $1,518,102Net Income 2022: $35,8712022Revenue 2023: $1,737,297Expenses 2023: $1,739,813Net Income 2023: -$2,5162023Revenue 2024: $1,675,047Expenses 2024: $1,665,877Net Income 2024: $9,1702024

Highlighted filing

2021

Revenue$659,687
Expenses$469,488
Net Income$190,199
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 15, 2022
Return Version
2020v4.2
Gross Receipts
$832,947
Mission and Program Overview

Mission

To give comprehensive assistance to families in need by reducing hunger and homelessness while encouraging personal growth and self-sufficiency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$589,291$602,726▲ $13,435
Investments Other Securities$306,594$534,225▲ $227,631
Cash and Non-Interest-Bearing Accounts$158,288$139,997▼ $18,291
Prepaid Expenses and Deferred Charges$11,266$11,212▼ $54
Savings and Temporary Cash Investments$13,670$11,163▼ $2,507
Accounts Receivable$0$100▲ $100
Total Assets$1,079,109$1,299,423▲ $220,314
Liabilities
Accounts Payable and Accrued Expenses$20,389$31,414▲ $11,025
Other Liabilities$7,612$4,843▼ $2,769
Total Liabilities$28,001$36,257▲ $8,256
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,051,108$1,263,166▲ $212,058
Total Net Assets Fund Balance$1,051,108$1,263,166▲ $212,058
Total Liabilities and Net Assets / Fund Balance$1,079,109$1,299,423▲ $220,314

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$447,318$363,492$810,810
Equipment$27,044$86,666$113,710
Land$104,364-$104,364
Other Land Buildings$24,000$47,489$71,489
Leasehold Improvements$0$13,514$13,514
Other Securities$534,225--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mindy LindholmExecutive DirectorFT$59,627$59,627

Board Members and Trustees

NameTitle
Don HaniganPresident
Mark WandaVice President
Bill WerlyDirector
Carol BrandonDirector
Dave NorkusDirector
Joan RoutledgeDirector
Joann SchwerdtfegerDirector
John HansenDirector
John ZaiDirector
Katie OrmsonDirector
Paul DelassusDirector
Reverend Wayne JahnPastoral Advisor
Diane LuosaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$606,011
Program Service Revenue
$8,656
Investment Income
$19,265
Other Revenue
$25,755
All Other Contributions
$604,739
Change in Net Assets
$190,199

Audited Revenue Reconciliation

Revenue per Audited Statements
$654,870
Revenue Not Reported on Financial Statements
$4,817
Revenue Not Reported on Form 990
$38,136
Total Revenue per Audited Statements
$693,006
Total Revenue per Form 990
$659,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$261,749
Other Expenses$207,739
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$165,841$62,454-$228,295
Depreciation Depletion$35,425$10,379-$45,804
Occupancy$36,873$4,066-$40,939
Payroll Taxes$13,191$3,872-$17,063
All Other Expenses$8,030$8,664-$16,694
Other Employee Benefits$780$15,611-$16,391
Fees for Services Other$11,754$4,437-$16,191
Insurance$10,245$3,866-$14,111
Other Expenses$311$12,613-$12,924
Office Expenses$1,483$559-$2,042
Total Functional Expenses$341,703$127,785$0$469,488

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$480,948
Total Expenses per Form 990$469,488
Expenses per Audited Statements$464,671
Expenses Not Reported on Form 990$16,277
Expenses Not Reported on Financial Statements$4,817
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,914
Fundraising Direct Expenses$13,749
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Plant Sale$20,030$20,030$11,018$9,012
Golf Outing$10,736$10,736$1,967$8,769
Total Events$31,914$31,914$13,749$18,165
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligation Under Capital Lease$4,843
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 B, Line 11B

The organization provides a copy of the 990 to the governing body prior to the monthly board meeting. The 990 is reviewed by the board and any changes or questions are discussed at the board meeting.

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

The organization requires that each new board member complete a confidentiality agreement which is monitored by the board and the executive director.

Form 990, Part VI, Section B, Line 15A

Compensation of the executive director is reviewed and approved by the board of directors.

Form 990, Part VI, Section C, Line 18

The form 990 is available for inspection upon request at the organization's office.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interst policy. And financial statements are available on request.

Filing and Contact Details

Filer

Filer Name
Cool Ministries
EIN
36-3310492
Phone
8476621340
Address
800 W GLEN FLORA AVE, WAUKEGAN, IL 60085

Signing Officer

Name
Mindy Lindholm
Title
Executive Director
Phone
8476621340
Signed
2022-08-15

Organization Details

Principal Officer
Don Hanigan
Formed
1983
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
11
Volunteers
13

Preparer

Firm
Cheryl Rohlfs & Associates Ltd
Address
401 HUEHL ROAD SUITE 1E, NORTHBROOK, IL 60062
Preparer
Cheryl K Rohlfs CPA
Phone
8477539200
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 13,749.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 13,749.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212613
IRS990/OtherExpensesGrp/ProgramServicesAmt022633
IRS990/OtherExpensesGrp/ProgramServicesAmt120346
IRS990/OtherExpensesGrp/ProgramServicesAmt214791
IRS990/OtherExpensesGrp/ProgramServicesAmt3311
IRS990/OtherExpensesGrp/TotalAmt023883
IRS990/OtherExpensesGrp/TotalAmt120346
IRS990/OtherExpensesGrp/TotalAmt214805
IRS990/OtherExpensesGrp/TotalAmt312924
IRS990/OtherLiabilitiesGrp/BOYAmt07612
IRS990/OtherLiabilitiesGrp/EOYAmt04843
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07590
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07590
IRS990/OtherRevenueTotalAmt07590
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062454
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0165841
IRS990/OtherSalariesAndWagesGrp/TotalAmt0228295
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03872
IRS990/PayrollTaxesGrp/ProgramServicesAmt013191
IRS990/PayrollTaxesGrp/TotalAmt017063
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011266
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011212
IRS990/PrincipalOfficerNm0DON HANIGAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0FAMILY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08656
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08656
IRS990/ProgSrvcAccomActy2Grp/Desc0COOL FAMILY/TRANSITIONAL HOUSING PROGRAM HAS BEEN IN OPERATION SINCE 1988. THIS PROGRAM PROVIDES SERVICES AND PROGRAMS INCLUDING LIFE SKILLS TRAINING ALONG WITH RENT AND UTILITIES PAID HOMES FOR HOMELESS FAMILIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0124832
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt08956
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0551832
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013595
IRS990/PYOtherExpensesAmt0218729
IRS990/PYOtherRevenueAmt08148
IRS990/PYProgramServiceRevenueAmt014560
IRS990/PYRevenuesLessExpensesAmt0137091
IRS990/PYSalariesCompEmpBnftPaidAmt0232315
IRS990/PYTotalExpensesAmt0451044
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0588135
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0190199
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt026555
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013670
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011163
IRS990ScheduleA/ChurchInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0447318
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0363492
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0810810
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt02528
IRS990ScheduleD/DonatedServicesUseFcltsAmt02528
IRS990ScheduleD/EquipmentGrp/BookValueAmt027044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086666
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113710
IRS990ScheduleD/ExpensesNotReportedAmt016277
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04817
IRS990ScheduleD/ExpensesSubtotalAmt0464671
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt04817
IRS990ScheduleD/InvestmentExpensesNotIncldAmt04817
IRS990ScheduleD/LandGrp/BookValueAmt0104364
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0104364
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013514
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt013514
IRS990ScheduleD/NetUnrealizedGainsInvstAmt021859
IRS990ScheduleD/OtherExpensesIncludedAmt013749
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt024000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt047489
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt071489
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04843
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATION UNDER CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt013749
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0534225
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MARKETABLE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt038136
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt04817
IRS990ScheduleD/RevenueSubtotalAmt0654870
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 13,749.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 13,749.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0602726
IRS990ScheduleD/TotalBookValueSecuritiesAmt0534225
IRS990ScheduleD/TotalExpensesPerForm990Amt0469488
IRS990ScheduleD/TotalLiabilityAmt04843
IRS990ScheduleD/TotalRevenuePerForm990Amt0659687
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0693006
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0480948
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013749
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PLANT SALE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010736
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt01148
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt031914
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010736
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt01148
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt031914
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt018165
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0764
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013749
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011018
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01967
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF THE 990 TO THE GOVERNING BODY PRIOR TO THE MONTHLY BOARD MEETING. THE 990 IS REVIEWED BY THE BOARD AND ANY CHANGES OR QUESTIONS ARE DISCUSSED AT THE BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES THAT EACH NEW BOARD MEMBER COMPLETE A CONFIDENTIALITY AGREEMENT WHICH IS MONITORED BY THE BOARD AND THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS AVAILABLE FOR INSPECTION UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY. AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B

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