Crescent Cove FY2023 filing

Tax-deductible

Brooklyn Ctr, MN501(c)(3)Human ServicesEIN 27-1035515Revenue $2.8M in FY2023

On file with the IRScrescentcove.org4201 Bass Lake Rd, 55429-2909 · Brooklyn Ctr, MNTax-exempt since Jun 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Crescent Cove offers care and support to children and young adults with a shortened life expectancy, and their families who love them.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$217K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $299K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$217K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $26K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+26% vs prior year
Spent
$2.5M
To programs
77%
Net assets
$5.0M
By yearFY2020–FY2024
Revenue
$2.8M
FY2023▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$2.5M
FY2022$2.3M
FY2023$2.8M
FY2024$3.7M
Expenses
$2.5M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$2.2M
FY2023$2.5M
FY2024$3.1M
Net assets
$5.0M
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$4.8M
FY2022$4.3M
FY2023$5.0M
FY2024$6.3M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.0M Management & general 14% · $353K Fundraising 9% · $233K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $217K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Nursing
$118,385Pt VII · Sec A
Executive Dir.
$98,468Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary Gaasch’s $130K as Executive Dir. is at the 62nd percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mary Gaasch$130,000————
Karhryn Koehne—$118,385$113,817——
Katie Lindenfelser—$98,468$86,674$79,129$79,129

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Crescent Cove executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides care and support to children and young adults with shortened life expectancies and their families.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2023
01

Family Services

In 2023, crescent cove increased the number of families supported from 348 in 2022 to 386 in 2023. Children and families were served for respite or end-of-life care for 764 nights in 2023 compared to 738 nights in 2022.

$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 4 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$919K
Other incomeLn 4–11$376K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.0M
Managementcol C$353K
Fundraisingcol D$233K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$703K
Total assetsLn 16$6.5M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$919K
Investment incomeLn 3$61K
Other incomeLn 4–11$376K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$703K
Cash and savings togetherLn 1–2$703K
InvestmentsLn 11–13$3.3M
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$45K
Total assetsLn 16$6.5M
LiabilitiesLn 26$1.4M
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 540
VolunteersI 6165
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$520K$703K
InvestmentsLn 11–13$2.9M$3.3M
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$5.7M$6.5M
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32$4.3M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$255K$207K$23K$25K
Other salaries and wagesLn 7$1.4M$1.1M$128K$137K
Other employee benefitsLn 9$45K$36K$4K$4K
Payroll taxesLn 10$121K$98K$11K$12K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$11K$11K
Professional fundraising feesLn 11e$22K$22K
Other fees for servicesLn 11g$211K$101K$103K$7K
Advertising and promotionLn 12$42K$42K
Office expensesLn 13$63K$58K$5K$334
Information technologyLn 14$39K$2K$21K$16K
OccupancyLn 16$50K$50K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$9K$6K$3K
InterestLn 20$45K$45K
Depreciation, depletion and amortizationLn 22$88K$76K$12K
InsuranceLn 23$68K$53K$14K
Other expenses (24a–d)Ln 24$57K$36K$11K$10K
All other expensesLn 24e$4K$1K$2K$295
Total functional expensesLn 25$2.5M$2.0M$353K$233K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.7M$3.1M$578K$6.3M 990 PDF
FY2023 Viewing $2.8M$2.5M$296K$5.0M 990 PDF
FY2022 $2.3M$2.2M$17K$4.3M 990 PDF
FY2021 $2.5M$2.0M$504K$4.8M 990 PDF
FY2020 $1.9M$1.8M$98K$4.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,842,074 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,221,542$1,486,095
I-9 Program service revenuePrior year $638,775$918,501
I-10 Investment incomePrior year $64,674$61,447
I-11 Other revenuePrior year $331,049$376,031
I-12 Total revenuePrior year $2,256,040$2,842,074
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,619,448$1,822,319
I-16a Professional fundraising feesPrior year $0$21,880
I-17 Other expensesPrior year $619,231$701,824
I-18 Total expensesPrior year $2,238,679$2,546,023
I-19 Revenue less expensesPrior year $17,361$296,051
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,842,074 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,486,095
VIII-1h Total contributions, gifts and grants$1,486,095
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $918,501$918,501
VIII-3 Investment incomeExcluded from tax $61,447$61,447
VIII-8 Net income from fundraising eventsExcluded from tax $375,741$375,741
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $290$290
VIII-12 Total revenueRelated to mission $918,791 · Unrelated business $0 · Excluded from tax $437,188$2,842,074
Part IX · Statement of functional expenses $2,546,023 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $207,092 · Management $23,308 · Fundraising $24,890$255,290
IX-7 Other salaries and wagesPrograms $1,136,950 · Management $127,963 · Fundraising $136,653$1,401,566
IX-9 Other employee benefitsPrograms $36,115 · Management $4,065 · Fundraising $4,341$44,521
IX-10 Payroll taxesPrograms $98,108 · Management $11,042 · Fundraising $11,792$120,942
IX-11b Legal feesPrograms $10,000$10,000
IX-11c Accounting feesManagement $10,900$10,900
IX-11e Professional fundraising feesFundraising $21,880$21,880
IX-11g Other fees for servicesPrograms $100,930 · Management $103,254 · Fundraising $6,730$210,914
IX-12 Advertising and promotionPrograms $42,237$42,237
IX-13 Office expensesPrograms $58,060 · Management $4,745 · Fundraising $334$63,139
IX-14 Information technologyPrograms $2,357 · Management $21,068 · Fundraising $16,029$39,454
IX-16 OccupancyPrograms $50,117$50,117
IX-17 TravelManagement $5,062$5,062
IX-19 Conferences, conventions and meetingsPrograms $6,006 · Management $2,777$8,783
IX-20 InterestPrograms $44,837$44,837
IX-22 Depreciation, depletion and amortizationPrograms $76,125 · Management $11,529$87,654
IX-23 InsurancePrograms $53,329 · Management $14,299$67,628
IX-24 Other expenses (24a–d)Programs $36,102 · Management $11,308 · Fundraising $9,927$57,337
IX-24e All other expensesPrograms $1,458 · Management $2,009 · Fundraising $295$3,762
IX-25 Total functional expensesPrograms $1,959,823 · Management $353,329 · Fundraising $232,871$2,546,023
Part X · Balance sheet $6,450,750 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $519,561$702,935
X-3 Pledges and grants receivableStart of year $40,000$161,883
X-4 Accounts receivableStart of year $32,627$65,456
X-9 Prepaid expenses and deferred chargesStart of year $38,354$95,924
X-10c Land, buildings and equipment, netStart of year $2,114,797$2,076,026
X-11 Publicly traded securitiesStart of year $2,949,552$3,298,218
X-14 Intangible assetsStart of year $6,954$5,650
X-15 Other assetsStart of year $43,072$44,658
X-16 Total assetsStart of year $5,744,917$6,450,750
X-17 Accounts payable and accrued expensesStart of year $59,896$73,238
X-19 Deferred revenueStart of year $105,264$91,546
X-26 Total liabilitiesStart of year $1,405,160$1,404,784
X-27 Net assets without donor restrictionsStart of year $4,224,657$4,893,983
X-28 Net assets with donor restrictionsStart of year $115,100$151,983
X-32 Total net assets or fund balancesStart of year $4,339,757$5,045,966
X-33 Total liabilities and net assetsStart of year $5,744,917$6,450,750
Part XI · Reconciliation of net assets $5,045,966 net assets at year end
XI-1 Total revenue$2,842,074
XI-2 Total expenses$2,546,023
XI-3 Revenue less expenses$296,051
XI-4 Net assets at start of year$4,339,757
XI-5 Net unrealized gains (losses) on investments$434,081
XI-7 Investment expenses−$23,923
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,045,966

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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