Cool Ministries

Tax-deductible

Waukegan, IL501(c)(3)Since 1983Human ServicesEIN 36-3310492

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

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 13 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $74K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 5% of spending
Top officer’s pay lower than 86% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $72K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$22K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 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
$1.7M
+4% vs prior year
Spent
$1.6M
To programs
85%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +4%
Revenue by fiscal year
FY2020$588K
FY2021$660K
FY2022$1.6M
FY2023$1.7M
FY2024$1.7M
FY2024$1.7M
Expenses
$1.6M
FY2024▼ -4%
Expenses by fiscal year
FY2020$451K
FY2021$469K
FY2022$1.5M
FY2023$1.7M
FY2024$1.7M
FY2024$1.6M
Net assets
$1.4M
FY2024▲ +12%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
FY2024$1.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1984.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.4M Management & general 15% · $237K Fundraising 0% · $2K

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

14 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$74,887Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Mindy Lindholm’s $75K as Executive Director is at the 14th 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Mindy Lindholm$74,887$72,827$71,513$65,037$59,627$52,860

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 Cool Ministries 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

Helps families overcome hunger and homelessness through comprehensive support and self-sufficiency programs.

Provided by the organization

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2 programs · $1.4M · in their own filed words · FY2024
01

The food pantry program provides nutritional food to impoverished and homeless people in lake county, illinois serving thousands of guests each year.

$1.3Mprogram expense
02

Cool 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.

$90Kprogram 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 · FY2024
See all 6 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$37K
Other incomeLn 4–11$21K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$237K
Fundraisingcol D$2K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$172K
Total assetsLn 16$1.5M
LiabilitiesLn 26$22K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$10K
Noncash giftsLn 1g$1.1M
Fundraising eventsLn 1c$87K
Fees for servicesLn 2g$11K
Investment incomeLn 3$37K
Other incomeLn 4–11$21K
Gains on assetsLn 7−$4K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$156K
SavingsLn 2$16K
Cash and savings togetherLn 1–2$172K
InvestmentsLn 11–13$777K
Land, buildings, equipmentLn 10c$502K
Total assetsLn 16$1.5M
LiabilitiesLn 26$22K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 510
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$114K$172K
InvestmentsLn 11–13$678K$777K
Land, buildings, equipmentLn 10c$521K$502K
Total assetsLn 16$1.3M$1.5M
LiabilitiesLn 26$33K$22K
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$268K$145K$123K
Other employee benefitsLn 9$22K$3K$19K
Payroll taxesLn 10$25K$12K$13K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$1K$119$1K
OccupancyLn 16$45K$44K$605
Depreciation, depletion and amortizationLn 22$37K$37K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$1.2M$1.1M$7K
All other expensesLn 24e$22K$8K$13K$2K
Total functional expensesLn 25$1.6M$1.4M$237K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.7M$1.7M$9K$1.3M 990 PDF
FY2023 $1.7M$1.7M−$3K$1.2M 990 PDF
FY2022 $1.6M$1.5M$36K$1.2M 990 PDF
FY2021 $660K$469K$190K$1.3M 990 PDF
FY2020 $588K$451K$137K$1.1M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,735,080 across 11 lines filed
VIII-1c Fundraising events$86,887
VIII-1e Government grants$10,037
VIII-1f All other contributions, gifts and grants$1,570,063
VIII-1g Noncash contributions (included above)$1,091,013
VIII-1h Total contributions, gifts and grants$1,666,987
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,625$10,625
VIII-3 Investment incomeExcluded from tax $40,374$40,374
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,562−$3,562
VIII-8 Net income from fundraising eventsExcluded from tax $15,839$15,839
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,817$4,817
VIII-12 Total revenueRelated to mission $11,880 · Unrelated business $0 · Excluded from tax $56,213$1,735,080
Part IX · Statement of functional expenses $1,598,942 across 10 lines filed
IX-7 Other salaries and wagesPrograms $144,666 · Management $123,137$267,803
IX-9 Other employee benefitsPrograms $3,184 · Management $18,590$21,774
IX-10 Payroll taxesPrograms $11,601 · Management $13,060$24,661
IX-11g Other fees for servicesManagement $9,505$9,505
IX-13 Office expensesPrograms $119 · Management $1,085$1,204
IX-16 OccupancyPrograms $43,905 · Management $605$44,510
IX-22 Depreciation, depletion and amortizationManagement $36,507$36,507
IX-23 InsuranceManagement $14,430$14,430
IX-24 Other expenses (24a–d)Programs $1,148,739 · Management $7,450$1,156,189
IX-24e All other expensesPrograms $7,707 · Management $12,590 · Fundraising $2,062$22,359
IX-25 Total functional expensesPrograms $1,359,921 · Management $236,959 · Fundraising $2,062$1,598,942
Part X · Balance sheet $1,467,708 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $99,308$155,752
X-2 Savings and temporary cash investmentsStart of year $14,353$16,152
X-9 Prepaid expenses and deferred chargesStart of year $8,704$17,451
X-10c Land, buildings and equipment, netStart of year $521,203$501,522
X-11 Publicly traded securitiesStart of year $677,867$776,831
X-16 Total assetsStart of year $1,321,435$1,467,708
X-17 Accounts payable and accrued expensesStart of year $32,787$21,521
X-26 Total liabilitiesStart of year $32,787$21,521
X-27 Net assets without donor restrictionsStart of year $1,280,273$1,434,937
X-28 Net assets with donor restrictionsStart of year $8,375$11,250
X-32 Total net assets or fund balancesStart of year $1,288,648$1,446,187
X-33 Total liabilities and net assetsStart of year $1,321,435$1,467,708
Part XI · Reconciliation of net assets $1,446,187 net assets at year end
XI-1 Total revenue$1,735,080
XI-2 Total expenses$1,598,942
XI-3 Revenue less expenses$136,138
XI-4 Net assets at start of year$1,288,648
XI-5 Net unrealized gains (losses) on investments$21,401
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,446,187

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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