Cottage Cove Co
- Assets
- $1.5m
- Revenue
- $346.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Nashville, TN
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 31-1485047
Organization Overview
Cottage Cove Co is located in Nashville, TN. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Cottage Cove Co employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottage Cove Co 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, Cottage Cove Co generated $346.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $348.7k during the year ending 12/2023. While expenses have increased by 2.2% 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
COTTAGE COVE PROVIDES EDUCATIONAL, ARTS, AND LIFE-SKILLS OPPORTUNITIES TO AT-RISK CHILDREN AND TEENS, PLUS BIBLICALLY BASED SPIRITUAL AND CHARACTER INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY PROGRAM. A PROGRAM PROVIDED AT NO-COST TO THE CHILDREN OR FAMILY FOR APPROXIMATELY 85 CHILDREN AND YOUTH DAILY. INCLUDES EDUCATION (HOMEWORK HELP, TUTORING, AND READING) AND RELATED FIELD TRIPS, ARTS AND LIFE-SKILLS CLASSES (GYMNASTICS, PIANO, GUITAR, PERCUSSION, VOICE, DANCE, COOKING, PAINTING, DRAWING, CODING & ROBOTICS, SEWING, COMPUTERS, WOODWORKING), RECREATION (SUPERVISED SPORTS), AND BIBLICALLY BASED CHARACTER AND SPIRITUAL INSTRUCTION. A GENERAL "REWARD STORE" ENABLES THE CHILDREN TO SPEND POINTS THAT THEY EARN.
D. CHRISTMAS WITH DIGNITY. A PROGRAM FOCUSED ON PROVIDING A COMPLETE CHRISTMAS FOR THE FAMILIES OF LOCAL AT-RISK CHILDREN. A NOMINAL FEE MAY BE CHARGED. PARENTS REPRESENTING 281 CHILDREN WERE INVITED TO PARTICIPATE.
SUMMER DAY CAMP. AN EXTENDED PROGRAM, PROVIDED FOR A NOMINAL FEE, FOR APPROXIMATELY 25-30 CHILDREN DAILY DURING THE SUMMER WEEKS. INCLUDES EXPANDED ASPECTS OF THE DAILY PROGRAM, PLUS EXTRA FIELD-TRIPS, AND MEALS.
DTI MISSIONS AND OUTREACH. HOSTING AND FACILITATING SHORT TERM MISSIONS TRIPS AND TEACHING FOR TEENS AND ADULTS; FOCUSED ON TRAINING PARTICIPANTS IN DISCIPLESHIP, APOLOGETICS, HERMENEUTICS, CHARACTER DEVELOPMENT, AND SPECIFICS OF WORKING WITH INNER-CITY CHILDREN AND TEENS. GROUP SIZES RANGE FROM 8 TO 30 INDIVIDUALS. A NOMINAL OR COST-RECOVERY FEE IS SOMETIMES CHARGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Macdonald Executive Director | OfficerTrustee | 50 | $33,201 |
Lynne Black Secretary | OfficerTrustee | 1 | $0 |
Steve Harrell Director | Trustee | 1 | $0 |
Chris Johnson Director | Trustee | 1 | $0 |
Ted Miller Director | Trustee | 1 | $0 |
Allen Barnes Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,060 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,072 |
| Total Program Service Revenue | $5,425 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,760 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,754 |
| 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. | $57,295 |
| Compensation of current officers, directors, key employees. | $12,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,094 |
| Payroll taxes | $8,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,704 |
| Advertising and promotion | $3,747 |
| Office expenses | $13,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,375 |
| Travel | $13,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,413 |
| Insurance | $14,559 |
| All other expenses | $219 |
| Total functional expenses | $348,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,922 |
| Savings and temporary cash investments | $163,967 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,005,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,454,339 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,440,476 |
| Net assets with donor restrictions | $13,863 |
| 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 | $1,454,339 |