Crescent Cove
- Assets
- $6.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Brooklyn Center, MN
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 27-1035515
Organization Overview
Crescent Cove is located in Brooklyn Center, MN. The organization was established in 2010. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2023, Crescent Cove employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crescent Cove 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, Crescent Cove generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 24.7% 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
CRESCENT COVE OFFERS CARE AND SUPPORT TO CHILDREN AND YOUNG ADULTS WITH A SHORTENED LIFE EXPECTANCY, AND THEIR FAMILIES WHO LOVE THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY SERVICES - IN 2023, CRESCENT COVE INCREASED THE NUMBER OF FAMILIES SUPPORTED FROM 348 IN 2022 TO 386 IN 2023. CHILDREN AND FAMILIES WERE SERVED FOR RESPITE OR END-OF-LIFE CARE FOR 764 NIGHTS IN 2023 COMPARED TO 738 NIGHTS IN 2022. FOLLOWING RECEIPT OF A REFERRAL AND COMPLETION OF ENROLLMENT PAPERWORK, FAMILIES WHO HAVE CHILDREN WITH LIFE-THREATENING CONDITIONS RECEIVE SUPPORT BY BRINGING THEIR CHILD AND/OR FAMILY FOR A SHORT STAY AT CRESCENT COVE'S HOSPICE AND RESPITE HOME IN ORDER TO HAVE A NECESSARY BREAK FROM THE DEMANDING 24/7 CARES FOR THEIR CHILD OR AS A SACRED AND SUPPORTIVE PLACE TO BE WHEN A CHILD IS DYING. CRESCENT COVE HAS REGISTERED NURSES AND CERTIFIED NURSING ASSISTANTS CARING FOR CHILDREN 24/7 WITH SUPPORT FROM A SOCIAL WORKER, CHILD EXPERIENCE SPECIALIST, MEDICAL DIRECTOR AND DIRECTOR OF NURSING AND OPERATIONS AND VOLUNTEERS. IN 2023, CRESCENT COVE MET INFECTION CONTROL STANDARDS WITH NO TRANSMISSIONS OF ILLNESSES BETWEEN STAFF AND CHILDREN AND FAMILIES SERVED. IN 2023, CRESCENT COVE WELCOMED MORE PARENTS FOR OVERNIGHT STAYS TO ACCOMPANY THE FIRST NIGHT OF RESPITE STAY FOR CHILDREN WHO WERE STAYING FOR THE FIRST TIME AS WELL AS THOSE STAYING FOR END-OF-LIFE CARE. AN EXPERIENCE SPECIALIST WHO PREPARES PROGRAMS WITH OUR VOLUNTEERS WAS ADDED TO THE TEAM IN SEPTEMBER, 2023. INTEGRATIVE THERAPIES LIKE MUSIC THERAPY, MASSAGE THERAPY, CREATIVE ARTS AND PET THERAPY CONTINUED TO BE PROVIDED SEVERAL TIMES EACH WEEK. CRESCENT COVE HOSTED A SIBLING CAMP FOR THE SECOND TIME WITH 20 PARTICIPANTS, AN INCREASE FROM 13 THE PREVIOUS YEAR, AS WELL AS FAMILY GATHERINGS FOR A SPRING FLING, BACK TO SCHOOL GATHERING, MEMORIAL GATHERING AND HOLIDAY DRIVE-THRU. ADVOCACY - A LARGE PART OF CRESCENT COVE'S EFFORT TOWARDS ACHIEVING OUR MISSION IS TO RAISE AWARENESS ABOUT THE NEED FOR ADDITIONAL SUPPORT FOR CHILDREN WHO HAVE LIFE-THREATENING CONDITIONS. IN EARLY 2023, FOR THE 2ND YEAR IN A ROW, CRESCENT COVE SUBMITTED A BILL TO THE MINNESOTA STATE LEGISLATURE ADVOCATING FOR STATE COVERAGE FOR END-OF-LIFE CARE FOR CHILDREN AT A RESIDENTIAL HOSPICE. THE BILL PASSED IN SUMMER, 2023. ADDITIONALLY, CRESCENT COVE HOSTED ITS ANNUAL PEDIATRIC PALLIATIVE CARE SYMPOSIUM IN NOVEMBER, 2023, IN PERSON FOR THE FIRST TIME SINCE 2019, WITH NEARLY 100 PARTICIPANTS AND 6 LOCAL, NATIONAL AND INTERNATIONAL PRESENTERS. THE MISSION OF CRESCENT COVE WAS ALSO SHARED AT SPEAKING ENGAGEMENTS WITH ROTARY CLUBS, LIONS CLUB AND MANY OTHER EVENTS HELD AND PLANNED IN SUPPORT OF CRESCENT COVE'S MISSION. INTERNALLY, EDUCATION IS OFFERED ON A REGULAR BASIS TO STAFF AT MONTHLY CLINICAL MEETINGS AND QUARTERLY ALL-STAFF MEETINGS AS WELL AS AN ALL-DAY STAFF EDUCATION DAY IN SEPTEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Bame-Anderson Director | Trustee | 5 | $0 |
Bill Hickey Director | Trustee | 5 | $0 |
Brian Osberg Director | Trustee | 5 | $0 |
Darren Beckstrand Director | Trustee | 5 | $0 |
Melissa Johnston Director | Trustee | 5 | $0 |
Geoff Kaufmann Chair | OfficerTrustee | 5 | $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 | $1,486,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,486,095 |
| Total Program Service Revenue | $918,501 |
| Investment income | $61,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $375,741 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,842,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $255,290 |
| Compensation of current officers, directors, key employees. | $23,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,401,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,521 |
| Payroll taxes | $120,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,880 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210,914 |
| Advertising and promotion | $42,237 |
| Office expenses | $63,139 |
| Information technology | $39,454 |
| Royalties | $0 |
| Occupancy | $50,117 |
| Travel | $5,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,783 |
| Interest | $44,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,654 |
| Insurance | $67,628 |
| All other expenses | $3,762 |
| Total functional expenses | $2,546,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $161,883 |
| Accounts receivable, net | $65,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,924 |
| Net Land, buildings, and equipment | $2,076,026 |
| Investments—publicly traded securities | $3,298,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,650 |
| Other assets | $44,658 |
| Total assets | $6,450,750 |
| Accounts payable and accrued expenses | $73,238 |
| Grants payable | $0 |
| Deferred revenue | $91,546 |
| 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 | $1,240,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,404,784 |
| Net assets without donor restrictions | $4,893,983 |
| Net assets with donor restrictions | $151,983 |
| 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 | $6,450,750 |