Joshua Collingsworth Memorial Foundation
- Assets
- $624.9k
- Revenue
- $623.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-3091147
Organization Overview
Joshua Collingsworth Memorial Foundation is located in Lincoln, NE. The organization was established in 2008. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2023, Joshua Collingsworth Memorial Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joshua Collingsworth Memorial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Joshua Collingsworth Memorial Foundation generated $623.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $499.7k during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MAIN PURPOSE OF THIS FOUNDATION IS TO EDUCATE CHILDREN AND PARENTS OF THE IMPORTANCE OF WATER SAFETY AND AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOSHUA COLLINGSWORTH MEMORIAL FOUNDATION (JCMF) EXPERIENCED MANY ACCOMPLISHMENTS DURING 2021. AN AVERAGE OF 100 ROTARY CLUBS FROM ACROSS THE UNITED STATES (PLUS SEVERAL OUTSIDE OF THE US) PARTICIPATE IN JOSH THE OTTER. IN THE LOCAL NEBRASKA AREA OF OMAHA AND LINCOLN, JOSH THE OTTER IS INCLUDED AS PART OF THE PRESCHOOL, KINDERGARTEN AND ELEMENTARY SCHOOLS. THERE ARE APPROXIMATELY 275,000 CHILDREN WHO PARTICIPATE IN JOSH THE OTTER THROUGH ROTARY CLUB EFFORTS. OVER 450,000 JOSH THE OTTER BOOKS HAVE BEEN DISTRIBUTED OVER THE LAST (ALMOST) 14 YEARS; AVERAGING 35,000 PER YEAR. WE EXPECT TO DISTRIBUTE APPROXIMATELY 50,000 OVER THIS NEXT YEAR AS DEMAND INCREASES. 88 MASCOT SUITS ARE UTILIZED IN JOSH THE OTTER PROGRAMS IN US, CANADA AND AUSTRALIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Blake Collingsworth President & Dir | Trustee | 0 | $0 |
Kathleen C Collingsworth Director | Trustee | 0 | $0 |
Kate Steier Svendsen Director | Trustee | 0 | $0 |
Randy Miller Director | Trustee | 0 | $0 |
Roger Leonard Director | Trustee | 0 | $0 |
Mario Vittone Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,668 |
| Total Program Service Revenue | $422,547 |
| Investment income | $5,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $88,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $623,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,040 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19 |
| Fees for services: Accounting | $14,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,762 |
| Advertising and promotion | $2,597 |
| Office expenses | $14,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,159 |
| Interest | $16 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,086 |
| Insurance | $4,589 |
| All other expenses | $43,626 |
| Total functional expenses | $499,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,852 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $107,693 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $188,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,908 |
| Total assets | $624,852 |
| Accounts payable and accrued expenses | $15,931 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,055 |
| Total liabilities | $33,986 |
| Net assets without donor restrictions | $590,866 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $624,852 |
Grants Awarded
Over the last fiscal year, Joshua Collingsworth Memorial Foundation has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MICHAEL PHELPS FOUNDATION PURPOSE: SUPPORT | $25,000 |
NATIONAL DROWING PREV ALLIAN PURPOSE: SUPPORT | $10,000 |