Cokato Charitable Trust FY2022 filing

Tax-deductible

Cokato, MN501(c)(3)Since 1983EIN 41-1456124Revenue $8.9M in FY2022

On file with the IRScokatoseniorcare.com182 Sunset Ave Nw, 55321-9620 · Cokato, MNTax-exempt since Oct 1983Publicly supported charity — 170(b)(1)(A)(vi)

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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.
88¢ of each $1 spent went to programs.
$272K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$272K
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
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
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
$5.5M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.9M
+1% vs prior year
Spent
$8.0M
To programs
88%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$8.9M
FY2022▲ +1%
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
$8.0M
FY2022▼ -3%
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
$3.6M
FY2022▲ +21%
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 FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

88 cents of each dollar spent went to programs.

Program services 88% · $7.1M Management & general 12% · $932K

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; $272K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Administrator/Finance Director
$120,071Pt VII · Sec A
Administrator/CEO
$90,581Pt VII · Sec A
Office Manager
$61,020Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $7.1M · in their own filed words · FY2021
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, Cokato Manor Home Health care offering home care, and Edgewood Gables senior apartments.

$7.1Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$8.9M
Ln 12
Fees for servicesLn 2g$5.8M
Other incomeLn 4–11$2.5M
Gifts and grantsLn 1h$561K
Money outPt IX
$8.0M
Ln 25
Programscol B$7.1M
Managementcol C$932K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$387K
Total assetsLn 16$9.1M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$561K
Government grantsLn 1e$555K
Fees for servicesLn 2g$5.8M
Investment incomeLn 3$60K
Other incomeLn 4–11$2.5M
Total revenueLn 12$8.9M
Assets in detailPt X, end of year
SavingsLn 2$387K
Cash and savings togetherLn 1–2$387K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$3.9M
Total assetsLn 16$9.1M
LiabilitiesLn 26$5.5M
Net assetsLn 32$3.6M
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 FY22End FY22
Cash and savingsLn 1–2$1.5M$387K
InvestmentsLn 11–13$2.8M$1.8M
Land, buildings, equipmentLn 10c$4.2M$3.9M
Total assetsLn 16$9.1M$9.1M
LiabilitiesLn 26$6.1M$5.5M
Net assetsLn 32$3.0M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$30K$30K
Pay of current officers, directors and key staffLn 5$212K$212K
Pay of disqualified personsLn 6$54K$54K
Other salaries and wagesLn 7$3.7M$3.6M$113K
Other employee benefitsLn 9$412K$398K$14K
Payroll taxesLn 10$297K$273K$24K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$301K$301K
Other fees for servicesLn 11g$872K$870K$1K
Advertising and promotionLn 12$34K$34K
Office expensesLn 13$486K$463K$22K
OccupancyLn 16$376K$359K$17K
TravelLn 17$16K$13K$4K
Conferences, conventions and meetingsLn 19$9K$2K$8K
InterestLn 20$249K$236K$13K
Depreciation, depletion and amortizationLn 22$515K$485K$30K
InsuranceLn 23$83K$78K$5K
Other expenses (24a–d)Ln 24$301K$271K$30K
All other expensesLn 24e$69K$32K$37K
Total functional expensesLn 25$8.0M$7.1M$932K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 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 $8,893,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,442,029$561,329
I-9 Program service revenuePrior year $7,299,522$5,819,552
I-10 Investment incomePrior year $43,755$59,507
I-11 Other revenuePrior year $0$2,453,172
I-12 Total revenuePrior year $8,785,306$8,893,560
I-13 Grants and similar amounts paidPrior year $81,058$30,473
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,264,387$4,650,291
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,912,852$3,323,511
I-18 Total expensesPrior year $8,258,297$8,004,275
I-19 Revenue less expensesPrior year $527,009$889,285
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $8,893,560 across 7 lines filed
Lines not itemized here account for $33,892 of total revenue; see the IRS return.
VIII-1e Government grants$554,728
VIII-1f All other contributions, gifts and grants$6,601
VIII-1h Total contributions, gifts and grants$561,329
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,785,660$5,785,660
VIII-3 Investment incomeExcluded from tax $59,507$59,507
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,453,172$2,453,172
VIII-12 Total revenueRelated to mission $5,819,552 · Unrelated business $0 · Excluded from tax $2,512,679$8,893,560
Part IX · Statement of functional expenses $8,004,275 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $30,473$30,473
IX-5 Pay of current officers, directors and key staffManagement $212,424$212,424
IX-6 Pay of disqualified personsManagement $54,429$54,429
IX-7 Other salaries and wagesPrograms $3,561,776 · Management $113,218$3,674,994
IX-9 Other employee benefitsPrograms $397,827 · Management $13,870$411,697
IX-10 Payroll taxesPrograms $273,214 · Management $23,533$296,747
IX-11b Legal feesManagement $11,362$11,362
IX-11c Accounting feesManagement $301,437$301,437
IX-11g Other fees for servicesPrograms $870,172 · Management $1,425$871,597
IX-12 Advertising and promotionManagement $34,139$34,139
IX-13 Office expensesPrograms $463,159 · Management $22,436$485,595
IX-16 OccupancyPrograms $359,239 · Management $17,087$376,326
IX-17 TravelPrograms $12,767 · Management $3,513$16,280
IX-19 Conferences, conventions and meetingsPrograms $1,501 · Management $7,713$9,214
IX-20 InterestPrograms $235,952 · Management $13,303$249,255
IX-22 Depreciation, depletion and amortizationPrograms $485,228 · Management $29,864$515,092
IX-23 InsurancePrograms $78,086 · Management $4,806$82,892
IX-24 Other expenses (24a–d)Programs $270,886 · Management $29,968$300,854
IX-24e All other expensesPrograms $32,424 · Management $37,044$69,468
IX-25 Total functional expensesPrograms $7,072,704 · Management $931,571 · Fundraising $0$8,004,275
Part X · Balance sheet $9,130,389 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,469,462$387,208
X-4 Accounts receivableStart of year $524,641$3,027,442
X-9 Prepaid expenses and deferred chargesStart of year $34,097$36,356
X-10c Land, buildings and equipment, netStart of year $4,238,164$3,914,684
X-11 Publicly traded securitiesStart of year $2,837,052$1,764,699
X-16 Total assetsStart of year $9,103,416$9,130,389
X-17 Accounts payable and accrued expensesStart of year $696,034$697,931
X-20 Tax-exempt bond liabilitiesStart of year $5,258,655$4,790,646
X-25 Other liabilitiesStart of year $147,337$0
X-26 Total liabilitiesStart of year $6,113,405$5,498,929
X-27 Net assets without donor restrictionsStart of year $2,990,011$3,631,460
X-32 Total net assets or fund balancesStart of year $2,990,011$3,631,460
X-33 Total liabilities and net assetsStart of year $9,103,416$9,130,389
Part XI · Reconciliation of net assets $3,631,460 net assets at year end
XI-1 Total revenue$8,893,560
XI-2 Total expenses$8,004,275
XI-3 Revenue less expenses$889,285
XI-4 Net assets at start of year$2,990,011
XI-5 Net unrealized gains (losses) on investments−$247,836
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,631,460

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

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