Cool Ministries
- Assets
- $1.3m
- Revenue
- $659.7k
- Investments
- $534.2k
- Employees
- 11
- Location
- Waukegan, IL
- Founding
- 09/1984
- Data as of
- 09/2021
- EIN
- 36-3310492
Organization Overview
Cool Ministries is located in Waukegan, IL. The organization was established in 1984. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2021, Cool Ministries employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cool Ministries 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 09/2021, Cool Ministries generated $659.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $469.5k during the year ending 09/2021. While expenses have increased by 1.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GIVE COMPREHENSIVE ASSISTANCE TO FAMILIES IN NEED BY REDUCING HUNGER AND HOMELESSNESS WHILE ENCOURAGING PERSONAL GROWTH AND SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOOD PANTRY PROGRAM PROVIDES NUTRITIONAL FOOD TO IMPOVERISHED AND HOMELESS PEOPLE IN LAKE COUNTY, ILLINOIS SERVING THOUSANDS OF GUESTS EACH YEAR.
COOL FAMILY/TRANSITIONAL HOUSING PROGRAM HAS BEEN IN OPERATION SINCE 1988. THIS PROGRAM PROVIDES SERVICES AND PROGRAMS INCLUDING LIFE SKILLS TRAINING ALONG WITH RENT AND UTILITIES PAID HOMES FOR HOMELESS FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Lindholm Executive Director | Officer | 40 | $59,627 |
Don Hanigan President | OfficerTrustee | 2 | $0 |
Diane Luosa Secretary | OfficerTrustee | 2 | $0 |
Mark Wanda Vice President | OfficerTrustee | 2 | $0 |
Paul Delassus Director | Trustee | 2 | $0 |
Carol Brandon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,272 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $604,739 |
| Noncash contributions included in lines 1a–1f | $23,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,011 |
| Total Program Service Revenue | $8,656 |
| Investment income | $17,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,887 |
| Net Income from Fundraising Events | $18,165 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $659,687 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,391 |
| Payroll taxes | $17,063 |
| 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 | $16,191 |
| Advertising and promotion | $0 |
| Office expenses | $2,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,939 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,804 |
| Insurance | $14,111 |
| All other expenses | $16,694 |
| Total functional expenses | $469,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,997 |
| Savings and temporary cash investments | $11,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100 |
| 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 | $11,212 |
| Net Land, buildings, and equipment | $602,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $534,225 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,299,423 |
| Accounts payable and accrued expenses | $31,414 |
| 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 | $4,843 |
| Total liabilities | $36,257 |
| Net assets without donor restrictions | $1,263,166 |
| 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 | $1,299,423 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cool Ministries has recieved totaling $1,150.
| Awarding Organization | Amount |
|---|---|
Mary V Duffy Charitable Foundation Chicago, IL PURPOSE: CHARITABLE | $1,000 |
Northside Community Bank Charitable Foundation Gurnee, IL PURPOSE: FOOD PANTRY | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Members Credit Union Indianapolis, IN | $2,918,005,380 | $115,174,004 |
Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Childrens Home & Aid Society Of Illinois Chicago, IL | $55,063,389 | $78,192,284 |
Lutheran Social Services Of Illinois Des Plaines, IL | $62,918,656 | $74,591,812 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Hawkeye Area Community Action Program Inc Hiawatha, IA | $14,892,193 | $63,434,127 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
Ada S Mckinley Community Services Inc Chicago, IL | $17,309,260 | $43,710,701 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Christian Social Service Of Illinois Belleville, IL | $18,359,176 | $39,517,456 |
Lifeline Youth & Family Services Inc Fort Wayne, IN | $15,628,659 | $38,083,955 |