Corcoran Neighborhood Organization
- Assets
- $831.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Minneapolis, MN
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 41-1535894
Organization Overview
Corcoran Neighborhood Organization is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Corcoran Neighborhood Organization employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corcoran Neighborhood Organization 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 12/2022, Corcoran Neighborhood Organization generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 19.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE UNITE NEIGHBORS TO STRENGTHEN OUR COMMUNITY CNO IS A NON-PARTISAN INFORMATION SOURCE, SPOKESPERSON, AND ADVOCATE FOR THE COMMUNITY ON CIVIC AFFAIRS AND STRIVES TO ENGAGE COMMUNITY MEMBERS ON ISSUES THAT MAY HAVE A POSITIVE OR NEGATIVE IMPACT ON THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CNO IS A 45+ YEAR OLD COMMUNITY CENTERED ORGANIZATION THAT USES A VARIETY OF EVENTS, PROGRAMS, AND ADVOCACY RELATED INITIATIVES TO ADVANCE ITS MISSION. ANNUALLY, THE ASSOCIATION RECRUITS AND COORDINATES THE LARGEST FREE COMMUNITY EVENT, WITH OVER SEVEN THOUSAND COMMUNITY MEMBERS AND OVER THREE HUNDRED VOLUNTEERS FOR THE STOP THE VIOLENCE COMMUNITY COOKOUT. CORCORAN OFFERS SUPPORT FOR THE RENTER SUPPORT FUND (RSF). THIS PROGRAM SEEKS TO PROVIDE DIRECT CASH ASSISTANCE TO FOLKS ACROSS MINNEAPOLIS WHO IDENTIFY AS COST BURDENED. WE STRIVE TO BE A RESOURCE, CONNECTION, AND PARTNER IN CONNECTING FOLKS ACROSS CORCORAN TO INFORMATION AND OR RESOURCES THEY NEED. IN ADDITION, WE OFFER EMPLOYMENT CONNECTION, FOOD SUPPORT AND GENERAL LIFE SUPPORT TO NEIGHBORS IN THE CORCORAN NEIGHBORHOOD AND BEYOND. TYPICALLY THROUGH PHONE CALLS, E-MAILS AND FOLKS WHO STOP INTO OUR OFFICE, WE TYPICALLY CONNECT WITH NEARLY 100,000 COMMUNITY RESIDENTS OR BUSINESS OWNERS EACH YEAR. CNO OFFERS FISCAL AGENCY SUPPORT FOR INDIVIDUALS OR GROUPS THAT AIM TO ACTIVATE WORK THAT BENEFITS THE COMMUNITY WITH AN AVERAGE OF 12 PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chloe Jackson Chair | OfficerTrustee | 3 | $0 |
Matt Kazinka Treasurer | OfficerTrustee | 3 | $0 |
Ellie Watkins Secretary | OfficerTrustee | 3 | $0 |
Kelly Savage Board Member | Trustee | 3 | $0 |
Kevin Kirsch Board Member | Trustee | 3 | $0 |
Mike Novak Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,167,369 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,921 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,220,290 |
| Total Program Service Revenue | $30,710 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,251,000 |
| 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 | $179,364 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,747 |
| Payroll taxes | $14,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $660,964 |
| Advertising and promotion | $0 |
| Office expenses | $1,961 |
| Information technology | $8,214 |
| Royalties | $0 |
| Occupancy | $45,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,977 |
| Insurance | $6,853 |
| All other expenses | $28,318 |
| Total functional expenses | $1,120,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $605,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,800 |
| Accounts receivable, net | $174,492 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $831,280 |
| Accounts payable and accrued expenses | $1,849 |
| Grants payable | $0 |
| Deferred revenue | $342,248 |
| 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 | $344,097 |
| Net assets without donor restrictions | $357,303 |
| Net assets with donor restrictions | $129,880 |
| 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 | $831,280 |