Cokato Charitable Trust C/O Cokato Manor FY2023 filing

Tax-deductible

Cokato, MN501(c)(3)Since 1983EIN 41-1456124

This page gets seen. Tell your story. Claim this org.

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.
$184K 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

FY2023 · 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 $837K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 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
$184K
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
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
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
$5.2M
54% of total assets
Fine: liabilities are 54% 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
$8.1M
-9% vs prior year
Spent
$7.2M
To programs
92%
Net assets
$4.5M
By yearFY2020–FY2024
Revenue
$8.1M
FY2023▼ -9%
Revenue by fiscal year
FY2020$7.9M
FY2021$8.8M
FY2022$8.9M
FY2023$8.1M
FY2024$9.9M
FY2024$9.6M
Expenses
$7.2M
FY2023▼ -10%
Expenses by fiscal year
FY2020$7.9M
FY2021$8.3M
FY2022$8.0M
FY2023$7.2M
FY2024$7.9M
FY2024$8.4M
Net assets
$4.5M
FY2023▲ +23%
Net assets by fiscal year
FY2020$2.4M
FY2021$3.0M
FY2022$3.6M
FY2023$4.5M
FY2024$6.6M
FY2024$7.8M

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. 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% · $6.6M Management & general 8% · $585K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

11 people listed on the 990; $184K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Administrator/CEO
$114,304Pt VII · Sec A
Office Manager
$69,570Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
May 2023)/Vice Chair (as of June)
$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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

See Cokato Charitable Trust C/O Cokato Manor executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $6.6M · in their own filed words · FY2022
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.

$6.6Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$8.1M
Ln 12
Fees for servicesLn 2g$7.1M
Other incomeLn 4–11$590K
Investment incomeLn 3$309K
Money outPt IX
$7.2M
Ln 25
Programscol B$6.6M
Managementcol C$585K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$9.7M
LiabilitiesLn 26$5.2M
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27K
Noncash giftsLn 1g$6K
Fundraising eventsLn 1c$27K
Fees for servicesLn 2g$7.1M
Investment incomeLn 3$309K
Other incomeLn 4–11$590K
Total revenueLn 12$8.1M
Assets in detailPt X, end of year
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$3.3M
Land, buildings, equipmentLn 10c$3.6M
Total assetsLn 16$9.7M
LiabilitiesLn 26$5.2M
Net assetsLn 32$4.5M
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 FY23End FY23
Cash and savingsLn 1–2$387K$2.0M
InvestmentsLn 11–13$1.8M$3.3M
Land, buildings, equipmentLn 10c$3.9M$3.6M
Total assetsLn 16$9.1M$9.7M
LiabilitiesLn 26$5.5M$5.2M
Net assetsLn 32$3.6M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$29K$29K
Pay of current officers, directors and key staffLn 5$201K$201K
Other salaries and wagesLn 7$3.2M$3.1M$77K
Other employee benefitsLn 9$394K$384K$11K
Payroll taxesLn 10$355K$328K$27K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$81K$81K
Other fees for servicesLn 11g$807K$807K
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$564K$546K$17K
OccupancyLn 16$337K$320K$18K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$6K$3K$3K
InterestLn 20$228K$216K$13K
Depreciation, depletion and amortizationLn 22$539K$506K$32K
InsuranceLn 23$85K$80K$5K
Other expenses (24a–d)Ln 24$345K$316K$29K
All other expensesLn 24e$49K$12K$37K
Total functional expensesLn 25$7.2M$6.6M$585K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $9.9M$7.9M$2.0M$6.6M 990 PDF
FY2023 Viewing $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

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $8,056,289 across 8 lines filed
Lines not itemized here account for $27,707 of total revenue; see the IRS return.
VIII-1c Fundraising events$27,112
VIII-1g Noncash contributions (included above)$6,375
VIII-1h Total contributions, gifts and grants$27,112
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,102,536$7,102,536
VIII-3 Investment incomeExcluded from tax $308,596$308,596
VIII-8 Net income from fundraising eventsExcluded from tax −$11,400−$11,400
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $601,738$601,738
VIII-12 Total revenueRelated to mission $7,731,981 · Unrelated business $0 · Excluded from tax $297,196$8,056,289
Part IX · Statement of functional expenses $7,223,267 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $29,409$29,409
IX-5 Pay of current officers, directors and key staffManagement $200,694$200,694
IX-7 Other salaries and wagesPrograms $3,090,820 · Management $77,406$3,168,226
IX-9 Other employee benefitsPrograms $383,855 · Management $10,629$394,484
IX-10 Payroll taxesPrograms $327,951 · Management $26,927$354,878
IX-11b Legal feesManagement $6,017$6,017
IX-11c Accounting feesManagement $81,013$81,013
IX-11g Other fees for servicesPrograms $807,343$807,343
IX-12 Advertising and promotionManagement $26,235$26,235
IX-13 Office expensesPrograms $546,402 · Management $17,250$563,652
IX-16 OccupancyPrograms $319,515 · Management $17,756$337,271
IX-17 TravelManagement $2,898$2,898
IX-19 Conferences, conventions and meetingsPrograms $2,605 · Management $2,920$5,525
IX-20 InterestPrograms $215,739 · Management $12,731$228,470
IX-22 Depreciation, depletion and amortizationPrograms $506,461 · Management $32,435$538,896
IX-23 InsurancePrograms $79,896 · Management $5,117$85,013
IX-24 Other expenses (24a–d)Programs $315,674 · Management $28,841$344,515
IX-24e All other expensesPrograms $12,146 · Management $36,582$48,728
IX-25 Total functional expensesPrograms $6,637,816 · Management $585,451 · Fundraising $0$7,223,267
Part X · Balance sheet $9,656,815 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $387,208$2,028,487
X-4 Accounts receivableStart of year $3,027,442$648,531
X-9 Prepaid expenses and deferred chargesStart of year $36,356$62,984
X-10c Land, buildings and equipment, netStart of year $3,914,684$3,637,827
X-11 Publicly traded securitiesStart of year $1,764,699$3,278,986
X-16 Total assetsStart of year $9,130,389$9,656,815
X-17 Accounts payable and accrued expensesStart of year $697,931$633,192
X-20 Tax-exempt bond liabilitiesStart of year $4,790,646$4,307,567
X-25 Other liabilitiesStart of year $0$224,962
X-26 Total liabilitiesStart of year $5,498,929$5,176,271
X-27 Net assets without donor restrictionsStart of year $3,631,460$4,480,544
X-32 Total net assets or fund balancesStart of year $3,631,460$4,480,544
X-33 Total liabilities and net assetsStart of year $9,130,389$9,656,815
Part XI · Reconciliation of net assets $4,480,544 net assets at year end
XI-1 Total revenue$8,056,289
XI-2 Total expenses$7,223,267
XI-3 Revenue less expenses$833,022
XI-4 Net assets at start of year$3,631,460
XI-5 Net unrealized gains (losses) on investments$16,062
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,480,544

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.