Civic Intelligence

Cool Ministries

990 • Fiscal year 2022 • EIN 36-3310492

Oct 01, 2021 to Sep 30, 2022 • Filed on Jul 19, 2023

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

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

41st percentile

2.3%

Higher net margin than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$65,037

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

27th percentile

-6.1%

Faster asset growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

136%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,220,222

Down $79,201 (-6.1%) from 2021

Net Assets

Down

$1,197,912

Down $65,254 (-5.2%) from 2021

Liabilities

Down

$22,310

Down $13,947 (-38%) from 2021

Revenue

Up

$1,553,973

Up $894,286 (+136%) from 2021

Expenses

Up

$1,518,102

Up $1,048,614 (+223%) from 2021

Net Income

Down

$35,871

Down $154,328 (-81%) from 2021

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

2022

Assets$1,220,222
Liabilities$22,310
Net Assets$1,197,912

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

2022

Revenue$1,553,973
Expenses$1,518,102
Net Income$35,871
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 19, 2023
Return Version
2021v4.2
Gross Receipts
$1,649,607
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$602,726$573,053▼ $29,673
Investments in Publicly Traded Securities$534,225$531,739▼ $2,486
Cash and Non-Interest-Bearing Accounts$139,997$96,192▼ $43,805
Savings and Temporary Cash Investments$11,163$11,428▲ $265
Prepaid Expenses and Deferred Charges$11,212$6,201▼ $5,011
Accounts Receivable$100$1,609▲ $1,509
Total Assets$1,299,423$1,220,222▼ $79,201
Liabilities
Accounts Payable and Accrued Expenses$31,414$20,549▼ $10,865
Other Liabilities$4,843$1,761▼ $3,082
Total Liabilities$36,257$22,310▼ $13,947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,263,166$1,197,912▼ $65,254
Total Net Assets Fund Balance$1,263,166$1,197,912▼ $65,254
Total Liabilities and Net Assets / Fund Balance$1,299,423$1,220,222▼ $79,201

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$433,978$391,830$825,808
Equipment$16,711$97,629$114,340
Land$104,364-$104,364
Other Land Buildings$18,000$53,489$71,489
Leasehold Improvements$0$13,514$13,514
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mindy LindholmExecutive DirectorFT$65,037$65,037

Board Members and Trustees

NameTitle
Don HaniganPresident
Mark WandaVice President
Bill WerlyDirector
Davie NorkusDirector
Jill MckeonDirector
Joan RoutledgeDirector
Joann SchwerdtfegerDirector
John ZaiDirector
Ken EndressDirector
Paul DelassusDirector
Rick PearceDirector
Michael RanieriFinancial Consultant
Reverend Wayne JahnPastoral Advisor
Diane LuosaSecretary
Carol BrandonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,506,980
Program Service Revenue
$9,145
Investment Income
$14,683
Other Revenue
$23,165
All Other Contributions
$1,459,613
Change in Net Assets
$35,871

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table62$1,078,555Fair Market Value (FMV)
Other Non Cash Contri Table50$15,653Fair Market Value (FMV)
Total Noncash Contributions112$1,094,208-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,548,194
Revenue Not Reported on Financial Statements
$5,779
Revenue Not Reported on Form 990
$-77,810
Total Revenue per Audited Statements
$1,470,384
Total Revenue per Form 990
$1,553,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,276,560
Salaries, Compensation, and Employee Benefits$241,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$95,201$112,374-$207,575
Depreciation Depletion$45,300--$45,300
Occupancy$37,295$1,980-$39,275
Payroll Taxes$8,585$10,446-$19,031
Insurance$16,498$1,953-$18,451
Other Employee Benefits$1,075$13,861-$14,936
All Other Expenses$5,017$9,106-$14,123
Fees for Services Other$1,337$11,560-$12,897
Other Expenses$16,387$5,779-$5,779
Office Expenses$455$1,126-$1,581
Total Functional Expenses$1,337,465$180,637$0$1,518,102

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,535,638
Total Expenses per Form 990$1,518,102
Expenses per Audited Statements$1,512,323
Expenses Not Reported on Form 990$23,315
Expenses Not Reported on Financial Statements$5,779
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$38,814
Fundraising Direct Expenses$22,455
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Plant Sale$20,263$20,263$12,094$8,169
Golf Outing$27,100$18,551$850$17,701
Total Events$85,307$38,814$22,455$16,359
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$1,761
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
2023-07-19

Organization Details

Principal Officer
Don Hanigan
Formed
1983
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
15
Employees
10
Volunteers
15

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 22,455.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 22,455.

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IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-7616
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7616
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt016359
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt016359
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-101125
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01263166
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01197912
IRS990/NoncashContributionsAmt01094208
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01980
IRS990/OccupancyGrp/ProgramServicesAmt037295
IRS990/OccupancyGrp/TotalAmt039275
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01126
IRS990/OfficeExpensesGrp/ProgramServicesAmt0455
IRS990/OfficeExpensesGrp/TotalAmt01581
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013861
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01075
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014936
IRS990/OtherExpensesGrp/Desc0IN-KIND CONTRIBUTIONS
IRS990/OtherExpensesGrp/Desc1FOOD SUPPLIES
IRS990/OtherExpensesGrp/Desc2REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3INVESTMENT FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012268
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1184
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25779
IRS990/OtherExpensesGrp/ProgramServicesAmt01081940
IRS990/OtherExpensesGrp/ProgramServicesAmt128375
IRS990/OtherExpensesGrp/ProgramServicesAmt216387
IRS990/OtherExpensesGrp/TotalAmt01094208
IRS990/OtherExpensesGrp/TotalAmt128375
IRS990/OtherExpensesGrp/TotalAmt216571
IRS990/OtherExpensesGrp/TotalAmt35779
IRS990/OtherLiabilitiesGrp/BOYAmt04843
IRS990/OtherLiabilitiesGrp/EOYAmt01761
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06806
IRS990/OtherRevenueTotalAmt06806
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0112374
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt095201
IRS990/OtherSalariesAndWagesGrp/TotalAmt0207575
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010446
IRS990/PayrollTaxesGrp/ProgramServicesAmt08585
IRS990/PayrollTaxesGrp/TotalAmt019031
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011212
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06201
IRS990/PrincipalOfficerNm0DON HANIGAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09145
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09145
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/ExpenseAmt0110444
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt011145
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt014169
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0606011
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019265
IRS990/PYOtherExpensesAmt0207739
IRS990/PYOtherRevenueAmt025755
IRS990/PYProgramServiceRevenueAmt08656
IRS990/PYRevenuesLessExpensesAmt0190199
IRS990/PYSalariesCompEmpBnftPaidAmt0261749
IRS990/PYTotalExpensesAmt0469488
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0659687
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt035871
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05320
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011163
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011428
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/BookValueAmt0433978
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0391830
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0825808
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0860
IRS990ScheduleD/DonatedServicesUseFcltsAmt0860
IRS990ScheduleD/EquipmentGrp/BookValueAmt016711
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097629
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0114340
IRS990ScheduleD/ExpensesNotReportedAmt023315
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05779
IRS990ScheduleD/ExpensesSubtotalAmt01512323
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt05779
IRS990ScheduleD/InvestmentExpensesNotIncldAmt05779
IRS990ScheduleD/LandGrp/BookValueAmt0104364
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0104364
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013514
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt013514
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-101125
IRS990ScheduleD/OtherExpensesIncludedAmt022455
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt053489
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt071489
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATION UNDER CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt022455
IRS990ScheduleD/RevenueNotReportedAmt0-77810
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt05779
IRS990ScheduleD/RevenueSubtotalAmt01548194
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 22,455.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 22,455.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0573053
IRS990ScheduleD/TotalExpensesPerForm990Amt01518102
IRS990ScheduleD/TotalLiabilityAmt01761
IRS990ScheduleD/TotalRevenuePerForm990Amt01553973
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01470384
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01535638
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt046493
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt08549
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt037944
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022455
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06249
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06249
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PLANT SALE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt020263
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt037944
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt085307
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018551

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