Cosley Foundation INC FY2022 filing

Tax-deductible

Wheaton, IL501(c)(3)Since 1985Arts & CultureEIN 36-3461739Revenue $1.3M in FY2022

On file with the IRScosleyzoo.org102 E Wesley St, 60187-5321 · Wheaton, ILTax-exempt since Oct 1986Publicly supported — 509(a)(2)

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The Cosley Foundation engages in fundraising activities to benefit the Cosley zoo, an aza-accredited small zoo wholly owned and operated by the wheaton park district in wheaton, il. The Foundation raises funds via donor development of individuals and foundations, and also holds community-centric events such as christmas tree sales,a 5k/10k run for the animals, the mike williams Cosley classic golf tournament, and fall pumpkin sales. The Cosley Foundation board is comprised of volunteer board members who serve as advocates for the Cosley zoo within the dupage county community (chicago suburbs); board members also provide fiscally sound strategic counsel pertaining to the zoos capital development and other policies and programs. The Cosley Foundation wholly supports the Cosley zoos mission: to create connections between people and animals that will inspire lifelong conservation of the natural world. The zoo pursues its mission via world-class animal welfare, science-based conservation in

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $92K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 32.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $211K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$51K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+58% vs prior year
Spent
$436K
To programs
64%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$1.3M
FY2022▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$622K
FY2021$800K
FY2022$1.3M
FY2023$928K
FY2024$1.1M
FY2025$1.1M
Expenses
$436K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$325K
FY2021$389K
FY2022$436K
FY2023$527K
FY2024$1.8M
FY2025$1.8M
Net assets
$2.6M
FY2022▲ +45%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.8M
FY2022$2.6M
FY2023$3.0M
FY2024$2.3M
FY2025$1.6M

From the FY2022 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: FY2025. IRS ruling in Oct 1986.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $280K Management & general 26% · $115K Fundraising 10% · $42K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cosley Foundation INC 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 15aNo

Programs and updates

Raises funds and provides support for animal care, facility upkeep, and educational programs at a zoo.

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Provided by the organization

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3 programs · $264K · in their own filed words · FY2022
01

The foundation provides financial support for the advancement of the zoo's capital master plan. The foundation invests in donor relationship building and the engagement of subject matter experts to prepare for the first phase of our master plan: a new and vastly improved parking lot.

$179Kprogram expense
02

The foundation provides financial support to help fund the operation of the cosley zoo by the wheaton park district. The zoo's operations include free admission to all children under the age of 18 Y/O, regardless of residence within the wheaton park district bounds and free admission to all wheaton park district adults.

$83Kprogram expense
03

The foundation, in accordance with a donor's wishes, is providing one scholarship in memory of the former president of the foundation.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 6 grants · $3.1M · 2020–2025
Wheaton Park DistrictFY2025$1,335,245
Wheaton Park DistrictFY2024$1,338,455
Wheaton Park DistrictFY2023$153,021
Wheaton Park DistrictFY2022$82,610
Wheaton Park DistrictFY2021$129,724
Wheaton Park DistrictFY2020$105,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$974K
Other incomeLn 4–11$276K
Investment incomeLn 3$13K
Money outPt IX
$436K
Ln 25
Programscol B$280K
Managementcol C$115K
Fundraisingcol D$42K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.6M
LiabilitiesLn 26$51K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$974K
Noncash giftsLn 1g$17K
Fundraising eventsLn 1c$71K
Investment incomeLn 3$13K
Other incomeLn 4–11$276K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$16K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$971K
Total assetsLn 16$2.6M
LiabilitiesLn 26$51K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 695
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 FY22End FY22
Cash and savingsLn 1–2$1.7M$1.2M
InvestmentsLn 11–13$971K
Total assetsLn 16$1.8M$2.6M
LiabilitiesLn 26$65K$51K
Net assetsLn 32$1.8M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$83K$83K
Grants to domestic individualsLn 2$2K$2K
Other salaries and wagesLn 7$119K$16K$63K$40K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$11K$11K
Conferences, conventions and meetingsLn 19$185$185
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$210K$178K$32K
All other expensesLn 24e$2K$818$1K
Total functional expensesLn 25$436K$280K$115K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.8M−$703K$1.6M 990 PDF
FY2024 $1.1M$1.8M−$682K$2.3M 990 PDF
FY2023 $928K$527K$401K$3.0M 990 PDF
FY2022 Viewing $1.3M$436K$826K$2.6M 990 PDF
FY2021 $800K$389K$411K$1.8M 990 PDF
FY2020 $622K$325K$297K$1.4M 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 FY2022 990 (6 parts)
Part I · Summary $1,262,721 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $503,820$974,401
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $380$12,666
I-11 Other revenuePrior year $295,626$275,654
I-12 Total revenuePrior year $799,826$1,262,721
I-13 Grants and similar amounts paidPrior year $131,724$84,610
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $99,484$118,642
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $157,742$233,036
I-18 Total expensesPrior year $388,950$436,288
I-19 Revenue less expensesPrior year $410,876$826,433
Part VI · Governance 9 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,262,721 across 9 lines filed
Lines not itemized here account for $138,656 of total revenue; see the IRS return.
VIII-1b Membership dues$73,961
VIII-1c Fundraising events$70,880
VIII-1f All other contributions, gifts and grants$829,560
VIII-1g Noncash contributions (included above)$17,008
VIII-1h Total contributions, gifts and grants$974,401
VIII-3 Investment incomeExcluded from tax $12,666$12,666
VIII-8 Net income from fundraising eventsExcluded from tax $136,439$136,439
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $559$559
VIII-12 Total revenueRelated to mission $139,215 · Unrelated business $0 · Excluded from tax $149,105$1,262,721
Part IX · Statement of functional expenses $436,288 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $82,610$82,610
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-7 Other salaries and wagesPrograms $15,828 · Management $63,314 · Fundraising $39,500$118,642
IX-11b Legal feesManagement $2,760$2,760
IX-11c Accounting feesManagement $4,800$4,800
IX-13 Office expensesManagement $10,529$10,529
IX-19 Conferences, conventions and meetingsManagement $185$185
IX-23 InsuranceFundraising $2,336$2,336
IX-24 Other expenses (24a–d)Programs $178,483 · Management $31,883$210,366
IX-24e All other expensesPrograms $818 · Management $1,242$2,060
IX-25 Total functional expensesPrograms $279,739 · Management $114,713 · Fundraising $41,836$436,288
Part X · Balance sheet $2,624,611 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,439,806$1,181,196
X-2 Savings and temporary cash investmentsStart of year $265,296$15,563
X-4 Accounts receivableStart of year $117,978$433,445
X-8 Inventories for sale or useStart of year $18,715$23,662
X-9 Prepaid expenses and deferred charges$125
X-12 Other securities$970,620
X-16 Total assetsStart of year $1,841,795$2,624,611
X-17 Accounts payable and accrued expensesStart of year $64,842$50,687
X-26 Total liabilitiesStart of year $64,842$50,687
X-27 Net assets without donor restrictionsStart of year $1,484,180$1,874,768
X-28 Net assets with donor restrictionsStart of year $292,773$699,156
X-32 Total net assets or fund balancesStart of year $1,776,953$2,573,924
X-33 Total liabilities and net assetsStart of year $1,841,795$2,624,611
Part XI · Reconciliation of net assets $2,573,924 net assets at year end
XI-1 Total revenue$1,262,721
XI-2 Total expenses$436,288
XI-3 Revenue less expenses$826,433
XI-4 Net assets at start of year$1,776,953
XI-5 Net unrealized gains (losses) on investments−$29,462
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,573,924

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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