Cool Ministries
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Waukegan, IL
- Founding
- 09/1984
- Data as of
- 09/2023
- 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 09/2023, Cool Ministries employed 9 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 09/2023, Cool Ministries generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $1.7m during the year ending 09/2023. While expenses have increased by 40.1% per year over the past 4 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
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 |
|---|---|---|---|
Don Hanigan President | OfficerTrustee | 2 | $0 |
Mark Wanda Vice President | OfficerTrustee | 2 | $0 |
Diane Luosa Secretary | OfficerTrustee | 2 | $0 |
Carol Brandon Treasurer | OfficerTrustee | 2 | $0 |
Paul Delassus Director | Trustee | 2 | $0 |
Ken Endress Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,391 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,643,033 |
| Noncash contributions included in lines 1a–1f | $1,265,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,681,424 |
| Total Program Service Revenue | $11,260 |
| Investment income | $28,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,332 |
| Net Income from Fundraising Events | $25,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,737,297 |
| 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 | $251,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,691 |
| Payroll taxes | $20,102 |
| 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 | $11,381 |
| Advertising and promotion | $0 |
| Office expenses | $1,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,247 |
| 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 | $40,576 |
| Insurance | $17,589 |
| All other expenses | $14,604 |
| Total functional expenses | $1,739,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,290 |
| Savings and temporary cash investments | $11,935 |
| 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 | $7,379 |
| Net Land, buildings, and equipment | $538,977 |
| Investments—publicly traded securities | $553,128 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,235,709 |
| Accounts payable and accrued expenses | $26,556 |
| 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 | $26,556 |
| Net assets without donor restrictions | $1,202,278 |
| Net assets with donor restrictions | $6,875 |
| 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 | $1,235,709 |