Cosmos Industries Incorporated

Not tax-deductible

Cosmos, MN501(c)(4)Since 1988 EIN 36-3611084Revenue $83K in FY2025Latest return filed May 15, 2026

On file with the IRSCosmos, MNTax-exempt since Feb 1989

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Promote growth of the community.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
81¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $85K a year · 87% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
135.8 mo
of spending, in cash
135.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$83K
-16% vs prior year
Spent
$35K
To programs
81%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$83K
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$115K
FY2021$84K
FY2022$99K
FY2023$113K
FY2024$98K
FY2025$83K
Expenses
$35K
FY2025▲ +359%
Tap a bar for its year
Expenses by fiscal year
FY2020$17K
FY2021$7K
FY2022$6K
FY2023$6K
FY2024$8K
FY2025$35K
Net assets
$1.5M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
FY2025$1.5M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1989.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $29K Management & general 19% · $7K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Cosmos Industries Incorporated executive salaries →

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

Fosters community development and economic opportunity for all residents.

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1 program · $29K · in their own filed words · FY2025
01

To develop and promote growth in the cosmos community.

$29Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $10K · 2025–2025
Peace Lutheran ChurchFY2025$5,000
City of CosmosFY2025$5,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$83K
Ln 12
Other incomeLn 4–11$81K
Investment incomeLn 3$1K
Gifts and grantsLn 1h$100
Money outPt IX
$35K
Ln 25
Programscol B$29K
Managementcol C$7K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$401K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100
Investment incomeLn 3$1K
Other incomeLn 4–11$81K
Total revenueLn 12$83K
Assets in detailPt X, end of year
CashLn 1$151K
SavingsLn 2$250K
Cash and savings togetherLn 1–2$401K
Notes and loans receivableLn 7$12K
Land, buildings, equipmentLn 10c$1.1M
Intangible assetsLn 14$2K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$278K$401K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$170$170
Conferences, conventions and meetingsLn 19$256$256
Depreciation, depletion and amortizationLn 22$386$386
InsuranceLn 23$404$404
Other expenses (24a–d)Ln 24$22K$18K$4K
Total functional expensesLn 25$35K$29K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $83K$35K$47K$1.5M 990 PDF
FY2024Filed with the IRS Nov 5, 2025 $98K$8K$91K$1.4M 990 PDF
FY2023Filed with the IRS Aug 8, 2024 $113K$6K$107K$1.3M 990 PDF
FY2022Filed with the IRS Oct 31, 2023 $99K$6K$93K$1.2M 990 PDF
FY2021Filed with the IRS Nov 8, 2022 $84K$7K$77K$1.1M 990 PDF
FY2020Filed with the IRS Jul 8, 2021 $115K$17K$99K$1.1M 990 PDF

Schedules filed Part IV

D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $82,817 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50$100
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,345$1,479
I-11 Other revenuePrior year $96,994$81,238
I-12 Total revenuePrior year $98,389$82,817
I-13 Grants and similar amounts paidPrior year $0$10,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,732$25,072
I-18 Total expensesPrior year $7,732$35,472
I-19 Revenue less expensesPrior year $90,657$47,345
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $82,817 across 6 lines filed
VIII-1b Membership dues$100
VIII-1h Total contributions, gifts and grants$100
VIII-3 Investment incomeExcluded from tax $1,479$1,479
VIII-6 Net rental income or lossRelated to mission $81,187$81,187
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $51$51
VIII-12 Total revenueRelated to mission $81,238 · Unrelated business $0 · Excluded from tax $1,479$82,817
Part IX · Statement of functional expenses $35,472 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $10,400$10,400
IX-11c Accounting feesManagement $1,400$1,400
IX-13 Office expensesManagement $170$170
IX-19 Conferences, conventions and meetingsManagement $256$256
IX-22 Depreciation, depletion and amortizationPrograms $386$386
IX-23 InsuranceManagement $404$404
IX-24 Other expenses (24a–d)Programs $18,000 · Management $4,456$22,456
IX-25 Total functional expensesPrograms $28,786 · Management $6,686 · Fundraising $0$35,472
Part X · Balance sheet $1,483,869 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $278,069$151,321
X-2 Savings and temporary cash investments$250,000
X-7 Notes and loans receivableStart of year $18,247$12,226
X-10c Land, buildings and equipment, netStart of year $1,137,485$1,067,857
X-14 Intangible assetsStart of year $2,723$2,465
X-16 Total assetsStart of year $1,436,524$1,483,869
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $7,250$7,250
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,429,274$1,476,619
X-32 Total net assets or fund balancesStart of year $1,436,524$1,483,869
X-33 Total liabilities and net assetsStart of year $1,436,524$1,483,869
Part XI · Reconciliation of net assets $1,483,869 net assets at year end
XI-1 Total revenue$82,817
XI-2 Total expenses$35,472
XI-3 Revenue less expenses$47,345
XI-4 Net assets at start of year$1,436,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,483,869

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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