Civic Intelligence

Cool Ministries

990 • Fiscal year 2023 • EIN 36-3310492

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 13, 2024

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

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

39th percentile

-0.1%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$71,513

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

41st percentile

1.3%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,235,709

Up $15,487 (+1.3%) from 2022

Net Assets

Up

$1,209,153

Up $11,241 (+0.9%) from 2022

Liabilities

Up

$26,556

Up $4,246 (+19%) from 2022

Revenue

Up

$1,737,297

Up $183,324 (+12%) from 2022

Expenses

Up

$1,739,813

Up $221,711 (+15%) from 2022

Net Income

Down

-$2,516

Down $38,387 (-107%) from 2022

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

2023

Assets$1,235,709
Liabilities$26,556
Net Assets$1,209,153

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

2023

Revenue$1,737,297
Expenses$1,739,813
Net Income-$2,516
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 13, 2024
Return Version
2022v5.0
Gross Receipts
$1,812,861
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
Investments in Publicly Traded Securities$531,739$553,128▲ $21,389
Land, Buildings, and Equipment, Net$573,053$538,977▼ $34,076
Cash and Non-Interest-Bearing Accounts$96,192$124,290▲ $28,098
Savings and Temporary Cash Investments$11,428$11,935▲ $507
Prepaid Expenses and Deferred Charges$6,201$7,379▲ $1,178
Accounts Receivable$1,609$0▼ $1,609
Total Assets$1,220,222$1,235,709▲ $15,487
Liabilities
Accounts Payable and Accrued Expenses$20,549$26,556▲ $6,007
Other Liabilities$1,761$0▼ $1,761
Total Liabilities$22,310$26,556▲ $4,246
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,197,912$1,202,278▲ $4,366
Net Assets With Donor Restrictions$0$6,875▲ $6,875
Total Net Assets Fund Balance$1,197,912$1,209,153▲ $11,241
Total Liabilities and Net Assets / Fund Balance$1,220,222$1,235,709▲ $15,487

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$405,508$420,300$825,808
Equipment$17,105$103,735$120,840
Land$104,364-$104,364
Other Land Buildings$12,000$59,489$71,489
Leasehold Improvements$0$13,514$13,514
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mindy LindholmExecutive DirectorFT$71,513$71,513

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
$1,681,424
Program Service Revenue
$11,260
Investment Income
$13,761
Other Revenue
$30,852
All Other Contributions
$1,643,033
Change in Net Assets
$-2,516

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$1,239,062Fair Market Value (FMV)
Other Non Cash Contri Table50$26,578Fair Market Value (FMV)
Total Noncash Contributions112$1,265,640-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,731,675
Revenue Not Reported on Financial Statements
$5,622
Revenue Not Reported on Form 990
$36,729
Total Revenue per Audited Statements
$1,768,404
Total Revenue per Form 990
$1,737,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,446,771
Salaries, Compensation, and Employee Benefits$293,042
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$131,114$120,135-$251,249
Occupancy$43,247--$43,247
Depreciation Depletion$40,576--$40,576
Other Employee Benefits$1,050$20,641-$21,691
Payroll Taxes$10,585$9,517-$20,102
Insurance$13,186$4,403-$17,589
All Other Expenses$3,778$10,826-$14,604
Fees for Services Other-$11,381-$11,381
Other Expenses$997$5,770-$6,767
Office Expenses$346$1,391-$1,737
Total Functional Expenses$1,555,749$184,064$0$1,739,813

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,757,163
Total Expenses per Form 990$1,739,813
Expenses per Audited Statements$1,734,191
Expenses Not Reported on Form 990$22,972
Expenses Not Reported on Financial Statements$5,622
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$48,680
Fundraising Direct Expenses$22,742
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$23,913$23,913$750$23,163
Plant Sale$21,825$21,825$13,873$7,952
Total Events$87,071$48,680$22,742$25,938
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
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
2024-08-13

Organization Details

Principal Officer
Don Hanigan
Formed
1983
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
15
Employees
9
Volunteers
0

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 22,742.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 22,742.

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IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-14332
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-14332
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt025938
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt025938
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt013757
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01197912
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01202278
IRS990/NoncashContributionsAmt01265640
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt043247
IRS990/OccupancyGrp/TotalAmt043247
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01391
IRS990/OfficeExpensesGrp/ProgramServicesAmt0346
IRS990/OfficeExpensesGrp/TotalAmt01737
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020641
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01050
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021691
IRS990/OtherExpensesGrp/Desc0DONATED FOOD AND SUPPLI
IRS990/OtherExpensesGrp/Desc1FOOD SUPPLIES
IRS990/OtherExpensesGrp/Desc2REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3COMMUNICATIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05770
IRS990/OtherExpensesGrp/ProgramServicesAmt01265640
IRS990/OtherExpensesGrp/ProgramServicesAmt132045
IRS990/OtherExpensesGrp/ProgramServicesAmt213185
IRS990/OtherExpensesGrp/ProgramServicesAmt3997
IRS990/OtherExpensesGrp/TotalAmt01265640
IRS990/OtherExpensesGrp/TotalAmt132045
IRS990/OtherExpensesGrp/TotalAmt213185
IRS990/OtherExpensesGrp/TotalAmt36767
IRS990/OtherLiabilitiesGrp/BOYAmt01761
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04914
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04914
IRS990/OtherRevenueTotalAmt04914
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120135
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0131114
IRS990/OtherSalariesAndWagesGrp/TotalAmt0251249
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09517
IRS990/PayrollTaxesGrp/ProgramServicesAmt010585
IRS990/PayrollTaxesGrp/TotalAmt020102
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06201
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07379
IRS990/PrincipalOfficerNm0DON HANIGAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011260
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/ExpenseAmt0101884
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt011910
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01506980
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014683
IRS990/PYOtherExpensesAmt01276560
IRS990/PYOtherRevenueAmt023165
IRS990/PYProgramServiceRevenueAmt09145
IRS990/PYRevenuesLessExpensesAmt035871
IRS990/PYSalariesCompEmpBnftPaidAmt0241542
IRS990/PYTotalExpensesAmt01518102
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01553973
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2516
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018025
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011428
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011935
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/BookValueAmt0405508
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0420300
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0825808
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0230
IRS990ScheduleD/DonatedServicesUseFcltsAmt0230
IRS990ScheduleD/EquipmentGrp/BookValueAmt017105
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0103735
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0120840
IRS990ScheduleD/ExpensesNotReportedAmt022972
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05622
IRS990ScheduleD/ExpensesSubtotalAmt01734191
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt05622
IRS990ScheduleD/InvestmentExpensesNotIncldAmt05622
IRS990ScheduleD/LandGrp/BookValueAmt0104364
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0104364
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013514
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt013514
IRS990ScheduleD/NetUnrealizedGainsInvstAmt013757
IRS990ScheduleD/OtherExpensesIncludedAmt022742
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059489
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt071489
IRS990ScheduleD/OtherRevenueAmt022742
IRS990ScheduleD/RevenueNotReportedAmt036729
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt05622
IRS990ScheduleD/RevenueSubtotalAmt01731675
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 22,742.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 22,742.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0538977
IRS990ScheduleD/TotalExpensesPerForm990Amt01739813
IRS990ScheduleD/TotalRevenuePerForm990Amt01737297
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01768404
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01757163
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt038391
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt038391
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022742
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt05783
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt05783
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0PLANT SALE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt021825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt041333
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt087071
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt021825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt02942
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt048680
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt025938
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt02336
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt016959
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0750

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