Something Cool Incorporated
- Assets
- $26.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- McGregor, MN
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 41-1941630
Organization Overview
Something Cool Incorporated is located in McGregor, MN. The organization was established in 2000. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Something Cool Incorporated 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 12/2021, Something Cool Incorporated generated $96.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $90.8k during the year ending 12/2021. While expenses have increased by 2.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Peterson Meld Administrator | 16 | $17,573 | |
Stephen Frauenshuh Vice President | 2 | $0 | |
Kris Wilson Sylvester Secretarytreasurer | 2 | $0 | |
Kris Bates Madsen President | 1 | $0 | |
Julie Jacobsma Director | 1 | $0 | |
Jenna Powers Geyen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,607 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,625 |
| Other Revenue | $8 |
| Total Revenue | $96,168 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $47,541 |
| Professional fees and other payments to independent contractors | $840 |
| Occupancy, rent, utilities, and maintenance | $11,347 |
| Printing, publications, postage, and shipping | $422 |
| Other expenses | $25,645 |
| Total expenses | $90,812 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,211 |
| Other assets | $0 |
| Total assets | $26,757 |
| Total liabilities | $4,241 |
| Net assets or fund balances | $22,516 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Something Cool Incorporated has recieved totaling $28,292.
| Awarding Organization | Amount |
|---|---|
Northland Foundation Duluth, MN PURPOSE: TO PROVIDE CHORE SERVICES FOR OLDER ADULTS AND INTERGENERATIONAL WORKFORCE TRAINING EXPERIENCES FOR YOUTH ENTERING HIGH SCHOOL. | $15,000 |
Tickets For Kids Foundation Pittsburgh, PA PURPOSE: TO PROVIDE TICKETS TO EVENTS FOR UNDERPRIVILEGED CHILDREN AND THEIR FAMILIES | $7,314 |
Second Harvest North Central Food Bank Inc Grand Rapids, MN PURPOSE: TO END HUNGER | $5,848 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $130 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys & Girls Club Of The Red River Valley Fargo, ND | $3,157,956 | $2,887,070 |
Freedom For Youth Ministries Des Moines, IA | $3,745,728 | $1,950,742 |
Boys & Girls Brigade Association Inc Neenah, WI | $11,560,870 | $1,538,750 |
Boys Club Of Duluth Duluth, MN | $4,647,293 | $2,039,769 |
Prior Lake Athletics For Youth Prior Lake, MN | $644,847 | $1,334,397 |
Ice Sports Association Sioux Falls, SD | $8,319,597 | $1,512,869 |
Hospitality House Youth Development Minneapolis, MN | $1,783,481 | $1,547,963 |
Metro Baseball League Burnsville, MN | $1,745,759 | $1,618,007 |
Lighthouse Youth Center Inc Milwaukee, WI | $1,875,009 | $1,175,463 |
Fargo Youth Baseball Fargo, ND | $1,472,132 | $1,101,711 |
Project Youth Inc Rock Valley, IA | $4,060,122 | $1,703,907 |
Urban Boatbuilders Inc St Paul, MN | $529,785 | $733,218 |