The purpose of Cokato Charitable Trust division is to provide quality health and housing services that enhance the quality of life and maintain a maximum level of functioning for our residents.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 15 volunteers and 208 employees.
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)(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
5 of 6
filings with a surplus
Average surplus $887K a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$212K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $4.0M in investments, Pt X · Ln 11–13
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.6M
-3% vs prior year
Spent
$8.4M
To programs
92%
Net assets
$7.8M
By yearFY2020–FY2025
Revenue
$9.6M
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.9M
FY2021$8.8M
FY2022$8.9M
FY2023$8.1M
FY2024$9.9M
FY2025$9.6M
Expenses
$8.4M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.9M
FY2021$8.3M
FY2022$8.0M
FY2023$7.2M
FY2024$7.9M
FY2025$8.4M
Net assets
$7.8M
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$3.0M
FY2022$3.6M
FY2023$4.5M
FY2024$6.6M
FY2025$7.8M

From the FY2025 Form 990 (year ending September 2025) · 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 1983.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $7.8M Management & general 8% · $636K

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

10 people listed on the 990; $212K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Administrator/CEO
$136,379Pt VII · Sec A
Office Manager
$75,789Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Vice Chair (left March 2025)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Broichadministrator—————$223,886
James Broich Administrator————$157,268—
Tresha Melquist$136,379$107,230$114,304$90,581$80,948—
James Broichformer———$120,071——
Jamie Christianson$75,789$71,777$69,570$61,020$58,082—
Patrick Rafferty—————$50,003
Anita Carlson—————$20,839

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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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

Offers housing and services to meet elderly persons' physical, social, and psychological needs.

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Provided by the organization

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1 program · $7.8M · in their own filed words · FY2024
01

Cokato Charitable Trust (CCT) provides quality health and housing services to adults in our community and the surrounding area. CCT offers services through Cokato Manor skilled nursing facility, Brookridge Assisted Living, and Edgewood Gables senior apartments.

$7.8Mprogram 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 · FY2020
Total grants receivedfrom 1 funder$20K
Grants paid · 8 grants · $345K · 2019–2024
Unitemized GrantFY2024$62,688
Unitemized GrantFY2024$18,820
Unitemized GrantFY2023$31,365
Unitemized GrantFY2023$18,873
Unitemized GrantFY2022$29,409
Unitemized GrantFY2021$30,473
Unitemized GrantFY2020$81,058
Unitemized GrantFY2019$72,417

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$9.6M
Ln 12
Fees for servicesLn 2g$8.7M
Other incomeLn 4–11$387K
Gifts and grantsLn 1h$234K
Money outPt IX
$8.4M
Ln 25
Programscol B$7.8M
Managementcol C$636K
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$866K
Total assetsLn 16$11.5M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$234K
Government grantsLn 1e$225K
Fees for servicesLn 2g$8.7M
Investment incomeLn 3$201K
Other incomeLn 4–11$387K
Total revenueLn 12$9.6M
Assets in detailPt X, end of year
SavingsLn 2$866K
Cash and savings togetherLn 1–2$866K
InvestmentsLn 11–13$4.0M
Land, buildings, equipmentLn 10c$5.5M
Total assetsLn 16$11.5M
LiabilitiesLn 26$3.7M
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 5208
VolunteersI 615
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$876K$866K
InvestmentsLn 11–13$3.9M$4.0M
Land, buildings, equipmentLn 10c$5.0M$5.5M
Total assetsLn 16$11.2M$11.5M
LiabilitiesLn 26$4.6M$3.7M
Net assetsLn 32$6.6M$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$82K$82K
Pay of current officers, directors and key staffLn 5$263K$263K
Other salaries and wagesLn 7$3.7M$3.6M$81K
Other employee benefitsLn 9$390K$386K$4K
Payroll taxesLn 10$323K$298K$25K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$992K$992K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$641K$617K$25K
OccupancyLn 16$317K$303K$15K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$7K$5K$2K
InterestLn 20$182K$172K$10K
Depreciation, depletion and amortizationLn 22$795K$746K$49K
InsuranceLn 23$203K$190K$12K
Other expenses (24a–d)Ln 24$459K$398K$61K
All other expensesLn 24e$37K$8K$28K
Total functional expensesLn 25$8.4M$7.8M$636K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $9.6M$8.4M$1.1M$7.8M 990 PDF
FY2024 $9.9M$7.9M$2.0M$6.6M 990 PDF
FY2023 $8.1M$7.2M$833K$4.5M 990 PDF
FY2022 $8.9M$8.0M$889K$3.6M 990 PDF
FY2021 $8.8M$8.3M$527K$3.0M 990 PDF
FY2020 $7.9M$7.9M−$24K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $9,558,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $401,813$233,537
I-9 Program service revenuePrior year $9,019,938$8,737,407
I-10 Investment incomePrior year $175,085$200,682
I-11 Other revenuePrior year $253,274$386,503
I-12 Total revenuePrior year $9,850,110$9,558,129
I-13 Grants and similar amounts paidPrior year $50,238$81,508
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,796,041$4,646,281
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,042,512$3,693,362
I-18 Total expensesPrior year $7,888,791$8,421,151
I-19 Revenue less expensesPrior year $1,961,319$1,136,978
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $9,558,129 across 7 lines filed
Lines not itemized here account for $59,767 of total revenue; see the IRS return.
VIII-1e Government grants$224,962
VIII-1f All other contributions, gifts and grants$8,575
VIII-1h Total contributions, gifts and grants$233,537
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,677,640$8,677,640
VIII-3 Investment incomeExcluded from tax $200,682$200,682
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $386,503$386,503
VIII-12 Total revenueRelated to mission $9,123,910 · Unrelated business $0 · Excluded from tax $200,682$9,558,129
Part IX · Statement of functional expenses $8,421,151 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $81,508$81,508
IX-5 Pay of current officers, directors and key staffManagement $263,448$263,448
IX-7 Other salaries and wagesPrograms $3,589,504 · Management $80,633$3,670,137
IX-9 Other employee benefitsPrograms $385,881 · Management $4,199$390,080
IX-10 Payroll taxesPrograms $297,779 · Management $24,837$322,616
IX-11b Legal feesManagement $6,097$6,097
IX-11c Accounting feesManagement $39,628$39,628
IX-11g Other fees for servicesPrograms $991,542$991,542
IX-12 Advertising and promotionManagement $13,445$13,445
IX-13 Office expensesPrograms $616,507 · Management $24,788$641,295
IX-16 OccupancyPrograms $302,614 · Management $14,837$317,451
IX-17 TravelManagement $1,789$1,789
IX-19 Conferences, conventions and meetingsPrograms $4,635 · Management $2,283$6,918
IX-20 InterestPrograms $171,892 · Management $9,893$181,785
IX-22 Depreciation, depletion and amortizationPrograms $746,111 · Management $48,706$794,817
IX-23 InsurancePrograms $190,431 · Management $12,432$202,863
IX-24 Other expenses (24a–d)Programs $398,045 · Management $60,939$458,984
IX-24e All other expensesPrograms $8,292 · Management $28,456$36,748
IX-25 Total functional expensesPrograms $7,784,741 · Management $636,410 · Fundraising $0$8,421,151
Part X · Balance sheet $11,484,093 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $876,480$866,361
X-4 Accounts receivableStart of year $1,336,538$979,645
X-9 Prepaid expenses and deferred chargesStart of year $65,892$89,143
X-10c Land, buildings and equipment, netStart of year $5,025,988$5,544,557
X-11 Publicly traded securitiesStart of year $3,901,019$4,004,387
X-16 Total assetsStart of year $11,205,917$11,484,093
X-17 Accounts payable and accrued expensesStart of year $579,094$456,303
X-20 Tax-exempt bond liabilitiesStart of year $3,799,392$3,266,219
X-25 Other liabilitiesStart of year $224,962$0
X-26 Total liabilitiesStart of year $4,606,301$3,725,803
X-27 Net assets without donor restrictionsStart of year $6,599,616$7,758,290
X-32 Total net assets or fund balancesStart of year $6,599,616$7,758,290
X-33 Total liabilities and net assetsStart of year $11,205,917$11,484,093
Part XI · Reconciliation of net assets $7,758,290 net assets at year end
XI-1 Total revenue$9,558,129
XI-2 Total expenses$8,421,151
XI-3 Revenue less expenses$1,136,978
XI-4 Net assets at start of year$6,599,616
XI-5 Net unrealized gains (losses) on investments$21,696
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,758,290

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

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