Cottagewood Community Foundation

Tax-deductible

Deephaven, MN501(c)(3)Recreation & SportsEIN 41-1926844Revenue $247K in FY2024

On file with the IRScottagewoodusa.com20280 Cottagewood Ave, 55331-0016 · Deephaven, MNTax-exempt since Mar 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To serve as a Community center for deephaven, MN.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$55K 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

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $4K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 24% of spending
Top officer’s pay higher than 65% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$500
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 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
$247K
+39% vs prior year
Spent
$225K
To programs
83%
Net assets
$210K
By yearFY2020–FY2024
Revenue
$247K
FY2024▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$139K
FY2021$150K
FY2022$162K
FY2023$178K
FY2024$247K
Expenses
$225K
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$167K
FY2021$163K
FY2022$165K
FY2023$177K
FY2024$225K
Net assets
$210K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$203K
FY2021$189K
FY2022$187K
FY2023$188K
FY2024$210K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2014.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $186K Management & general 17% · $39K

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; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Direc,s
$54,662Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board-Events
$0Pt VII · Sec A
Board-Operat
$0Pt VII · Sec A
Board-Sponso
$0Pt VII · Sec A
Board-Secret
$0Pt VII · Sec A
Board-Fundra
$0Pt VII · Sec A

Laurie Jenkins’s $55K as Exec Direc,s is at the 65th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Laurie Jenkins$54,662$52,858

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 15aNo

Programs and updates

Provides a gathering place and resources for the Deephaven community.

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Provided by the organization

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1 program · $186K · in their own filed words · FY2024
01

To serve as a gathering place and holiday event center for the neighborhood families in deephaven, MN, catering especially to families with young children.

$186Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$3K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Gifts and grantsLn 1h$141K
Other incomeLn 4–11$106K
Money outPt IX
$225K
Ln 25
Programscol B$186K
Managementcol C$39K
Owns and owesPt X
$210K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$211K
LiabilitiesLn 26$500
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Other incomeLn 4–11$106K
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Land, buildings, equipmentLn 10c$176K
Total assetsLn 16$211K
LiabilitiesLn 26$500
Net assetsLn 32$210K
OperationsPt I, VI
EmployeesI 523
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 FY24End FY24
Cash and savingsLn 1–2$14K$35K
Land, buildings, equipmentLn 10c$174K$176K
Total assetsLn 16$188K$211K
LiabilitiesLn 26$500$500
Net assetsLn 32$188K$210K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$93K$75K$19K
Payroll taxesLn 10$7K$6K$1K
Other fees for servicesLn 11g$11K$8K$2K
Advertising and promotionLn 12$3K$2K$553
Office expensesLn 13$228$182$46
TravelLn 17$1K$871$218
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$14K$11K$3K
Other expenses (24a–d)Ln 24$62K$53K$9K
All other expensesLn 24e$19K$15K$4K
Total functional expensesLn 25$225K$186K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $247K$225K$22K$210K 990 PDF
FY2023 $178K$177K$590$188K 990 PDF
FY2022 $162K$165K−$2K$187K 990 PDF
FY2021 $150K$163K−$14K$189K 990 PDF
FY2020 $139K$167K−$28K$203K 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 FY2024 990 (6 parts)
Part I · Summary $247,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $78,350$140,558
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $99,188$106,442
I-12 Total revenuePrior year $177,538$247,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $94,791$100,442
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $82,157$124,217
I-18 Total expensesPrior year $176,948$224,659
I-19 Revenue less expensesPrior year $590$22,341
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $247,000 across 6 lines filed
Lines not itemized here account for $109,452 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$140,558
VIII-1h Total contributions, gifts and grants$140,558
VIII-6 Net rental income or lossExcluded from tax $11,220$11,220
VIII-8 Net income from fundraising events−$15,963
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,733$1,733
VIII-12 Total revenueRelated to mission $111,185 · Excluded from tax $11,220$247,000
Part IX · Statement of functional expenses $224,659 across 10 lines filed
IX-7 Other salaries and wagesPrograms $74,643 · Management $18,661$93,304
IX-10 Payroll taxesPrograms $5,710 · Management $1,428$7,138
IX-11g Other fees for servicesPrograms $8,456 · Management $2,114$10,570
IX-12 Advertising and promotionPrograms $2,213 · Management $553$2,766
IX-13 Office expensesPrograms $182 · Management $46$228
IX-17 TravelPrograms $871 · Management $218$1,089
IX-22 Depreciation, depletion and amortizationPrograms $14,887$14,887
IX-23 InsurancePrograms $11,348 · Management $2,837$14,185
IX-24 Other expenses (24a–d)Programs $52,720 · Management $8,866$61,586
IX-24e All other expensesPrograms $15,124 · Management $3,782$18,906
IX-25 Total functional expensesPrograms $186,154 · Management $38,505 · Fundraising $0$224,659
Part X · Balance sheet $210,749 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $14,224$34,706
X-10c Land, buildings and equipment, netStart of year $174,184$176,043
X-16 Total assetsStart of year $188,408$210,749
X-17 Accounts payable and accrued expensesStart of year $500$500
X-26 Total liabilitiesStart of year $500$500
X-32 Total net assets or fund balancesStart of year $187,908$210,249
X-33 Total liabilities and net assetsStart of year $188,408$210,749
Part XI · Reconciliation of net assets $210,249 net assets at year end
XI-1 Total revenue$247,000
XI-2 Total expenses$224,659
XI-3 Revenue less expenses$22,341
XI-4 Net assets at start of year$187,908
XI-10 Net assets at end of year$210,249

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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