Coldwater Foundation for Leadership and Community Development EIN 27-1609731

Coldwater Foundation for Leadership and Community Development

EIN  27-1609731 Public charity (501(c)(3)) Grand Marais, MN Founded 2009
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Develops leaders and promotes community transformation through educational and outdoor programs.
Leadership
Kevin Sutton · Executive Di · $78K
Money in and out
$445K revenue, $450K expenses
Bottom line
63% program efficiency

Develops leaders and promotes community transformation through educational and outdoor programs. For fiscal year 2025 it reported $445K in revenue, $450K in expenses, and $261K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$450K
Pt IX · Ln 25
Net assets
$261K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.23 Fundraising $0.14
Program efficiency
63%
of spending reaches programs▲ +15% vs prior filing year
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate▲ +29% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -118% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$445K
FY2025▼ -29%
Expenses
$450K
FY2025▼ -24%
Total assets
$272K
FY2025▼ -3%
Total liabilities
$10K
FY2025▼ -25%
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$450K
Pt IX · Ln 25
Net assets
$261K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$272K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $283K of program spending, described in the organization's own filed words · FY2025.
01

Coldwater foundation serves people with outdoor experience that promote life change and maturity. Coldwater foundation is a faith and leadership development organization committed to the practice of experiential discipleship.

$283Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CColdwater Foundation for Leadership and Community Development
EINHdr · item D27-1609731
Principal addressHdr · item CGrand Marais, MN
WebsiteHdr · item Jwww.coldwaterfoundation.org
Year of formationHdr · item L2009
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFOct 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$78,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Kevin Sutton’s $78K as Executive Di is at the 70th percentile of top reported officer pay among 1984 $100K–1M youth development 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin Sutton$78,000$78,000$78,000$60,000$60,000$60,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$328K · 74%
Program service revenue$117K · 26%
Contributions & grants74%$328K
Program service revenue26%$117K
Investment income$108
Other revenue$621
Total revenueLn 12$445K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.23 Fundraising $0.14
Program services63%$283K
Management & general23%$102K
Fundraising14%$65K
Total functional expensesLn 25$450K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$272K
Total liabilitiesLn 26$10K
Total net assetsLn 32$261K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $68K · Operating expenses/yr $450K
1.8 months
Where the money goes
Program services
Program services $283K · Total expenses $450K
63%
Management & General
Management & general $102K · Total expenses $450K
23%
Fundraising
Fundraising $65K · Total expenses $450K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $63K · Solicited contributions (3-yr avg) $429K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $328K · Total revenue $445K
74%
Government reliance
Government grants — · Total revenue $445K
Earned-income share
Program service revenue $117K · Total revenue $445K
26%
Investment reliance
Investment income $108 · Total revenue $445K
0%
Program self-sufficiency
Program service revenue $117K · Total expenses $450K
26%
Growth & trend
Revenue growth (YoY)
This year $445K · Prior year $624K
-29%
Revenue CAGR
FY2020 $184K · FY2025 $445K
+19%
Net-asset trend (YoY)
End of year $261K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $445K · Expenses $450K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $272K
Net-asset ratio
Net assets $261K · Total assets $272K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $272K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin Sutton · Reported title EXECUTIVE DI · Highest reported compensation $78K · Total expenses $450K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $301K · Total expenses $450K
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 23%
Fundraising cost ratio 20%
Revenue growth -29%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$445K revenue · viewing · ⤓ 990 PDF
FY2024$624K revenue · ⤓ 990 PDF
FY2023$543K revenue · ⤓ 990 PDF
FY2022$588K revenue · ⤓ 990 PDF
FY2021$372K revenue · ⤓ 990 PDF
FY2020$184K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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