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Cosgrove Foundation EIN 82-1848600 Form 990 (PDF) Claim this org

Cosgrove Foundation FY2020 filing

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A private foundation based in Traverse City, MI. It reported about $104K in revenue for 2020. For fiscal year 2020 it reported $104K in revenue, $7K in expenses, and $316K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Traverse City, MI
Filings
6 on file (2020–2020)
Revenue
$104KFY2020
Expenses
$7K
Net assets
$316K
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-1848600 Private foundation / grantmaker Traverse City, MI
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Traverse City, MI. It reported about $104K in revenue for 2020.
Money in and out
$104K revenue, $7K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$104K
Pt VIII · Ln 12
Total expenses
$7K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Total assets
316K
deployed as grants and operations
Grants paid
6K
in FY2020
Grants made
17grants
total in period
Payout rate
2%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 17 grants · $220K · 2025–2025
Womens Resource CenterFY2025$35,000
Traverse City Police DeptFY2025$34,000
Grand Traverse Metro Fire DeptFY2025$24,706
Child Family Services of Nw MiFY2025$24,040
Tcaps-Blair PTOFY2025$19,450
Whitewater Emergency ServicesFY2025$19,228
Old Town PlayhouseFY2025$17,320
City of Traverse CityFY2025$15,000
First Congregational ChurchFY2025$10,563
Safe HarborFY2025$9,200
Kingsley SchoolsFY2025$5,000
Enarie Property ManagementFY2025$1,000
Michigan State UniversityFY2025$1,000
Kalamazoo Valley Comm CollegeFY2025$1,000
Saginaw Valley State UniversityFY2025$1,000
Northern Michigan UniversityFY2025$1,000
Grand Traverse Regional FoundationFY2025$1,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$13K
Median grantPart XV$11K
Largest grantPart XV$35K

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$104K
FY2020
Expenses
$7K
FY2020
Total assets
$316K
FY2020
Total liabilities
$0
FY2020
Total revenue
$104K
Pt VIII · Ln 12
Total expenses
$7K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Total assetsPt II$316K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCosgrove Foundation
EINHdr · item D82-1848600
Principal addressHdr · item CTraverse City, MI
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFDec 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Cosgrove Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$103K
Investment income$489
Total revenueLn 12$104K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$6K
Operating & administrative18%$1K
Total functional expensesLn 25$7K

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$316K
Total liabilitiesLn 26$0
Total net assetsLn 32$316K
Months of cash on handcomputed14.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $316K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $104K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $104K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $104K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $316K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $104K · Expenses $7K
+93%
Liabilities-to-Assets
Total liabilities — · Total assets $316K
—
Net-asset ratio
Net assets $316K · Total assets $316K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $7K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.2M revenue · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$691K revenue · ⤓ 990 PDF
FY2022$420K revenue · ⤓ 990 PDF
FY2021$528K revenue · ⤓ 990 PDF
FY2020$104K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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