Coles Together
- Assets
- $2.5m
- Revenue
- $705.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Mattoon, IL
- Founding
- 10/1989
- Data as of
- 09/2023
- EIN
- 37-1243664
Organization Overview
Coles Together is located in Mattoon, IL. The organization was established in 1989. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Coles Together employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coles Together is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Coles Together generated $705.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $597.1k during the year ending 09/2023. While expenses have increased by 7.7% per year over the past 8 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
COLES TOGETHER PROMOTES THE IMPROVEMENT, DIVERSIFICATION, AND GROWTH OF THE ECONOMIC BASE OF THE COLES COUNTY ILLINOIS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLES TOGETHER PROMOTES THE IMPROVEMENT,DIVERSIFICATION, AND GROWTH OF THE ECONOMIC BASE OF THE COLES COUNTY ILLINOIS AREA.
TO PROVIDE ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Griffin President | Officer | 40 | $135,154 |
Doug Abolt Chairman | OfficerTrustee | $0 | |
Brock Ashley Assistant Tr | OfficerTrustee | $0 | |
Brandon Bell Director | Trustee | $0 | |
Amy Borntrager Director | Trustee | $0 | |
Josh Bullock Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $406,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,032 |
| Total Program Service Revenue | $0 |
| Investment income | $17,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,484 |
| Net Gain/Loss on Asset Sales | $30,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $705,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $152,193 |
| Grants and other assistance to domestic individuals. | $97,807 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,069 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,461 |
| Pension plan accruals and contributions | $5,153 |
| Other employee benefits | $0 |
| Payroll taxes | $14,609 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,570 |
| Travel | $2,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,383 |
| Insurance | $9,226 |
| All other expenses | $19,452 |
| Total functional expenses | $597,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $1,282,479 |
| Pledges and grants receivable | $89,448 |
| Accounts receivable, net | $1,771 |
| 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 | $4,966 |
| Net Land, buildings, and equipment | $1,008,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,983 |
| Total assets | $2,517,399 |
| Accounts payable and accrued expenses | $28,475 |
| 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 | $28,475 |
| Net assets without donor restrictions | $2,422,257 |
| Net assets with donor restrictions | $66,667 |
| 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 | $2,517,399 |
Grants Awarded
Over the last fiscal year, Coles Together has awarded $143,440 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL EAST ALCOHOLISM & DRUGCOUNCIL PURPOSE: PPE FOR COVID | $20,000 |
WARREN JAMES WINERY PURPOSE: COVID PPE | $20,000 |
ELEVATE CCIC INC PURPOSE: COVID LOST REVENUE | $20,000 |
VILLAGE VII INC PURPOSE: COVID LOST REVENUE | $20,000 |
MACK MOORE SHOES INC PURPOSE: COVID LOST REVENUE | $20,000 |
ALL FOR THEM LATONYA'S PET CARESERVICES LLC PURPOSE: COVID PPE & LOST REV | $7,599 |