Coggon Community Memorial Foundation
- Assets
- $1.6m
- Revenue
- $13.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Coggon, IA
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 42-1143026
Organization Overview
Coggon Community Memorial Foundation is located in Coggon, IA. The organization was established in 2001. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coggon Community Memorial Foundation 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, Coggon Community Memorial Foundation generated $13.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $16.7k during the year ending 12/2022. 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
INITIATE AND ASSIST THE CITY OF COGGON AND SURROUNDING COMMUNITY WITH WORTHWHILE PROJECTS, WHICH WILL MAINTAIN OR IMPROVE THE QUALITY OF LIFE AND VITALITY OF THE COMMUNITY OF COGGON, IOWA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE IN THE COMMUNITY OF COGGON WITH WORTHWHILE PROJECTS
SCHOLARSHIPS TO INDIVIDUALS IN THE COMMUNITY OF COGGON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Franson Vice President | Trustee | 1 | $0 |
Jean Mangold President | Trustee | 1 | $0 |
Jeff Rath Director | Trustee | 1 | $0 |
Rennie Montgomery Director | Trustee | 1 | $0 |
Mary L Henderson Sec Treas & Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,920 |
| Total Program Service Revenue | $0 |
| Investment income | $11,537 |
| 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 | $13,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,280 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $456,080 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,129,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,585,347 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,585,347 |
| Total liabilities and net assets/fund balances | $1,585,347 |
Grants Awarded
Over the last fiscal year, Coggon Community Memorial Foundation has awarded $20,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COGGON PUBLIC LIBRARY PURPOSE: BOOKS | $500 |
CITY OF COGGON PURPOSE: LIGHTS, PARK UPKEEP, FIRE & RESCUE TRAINING AND EQUIPMENT, OPERA HOUSE CARPET, HISTORICAL SOCIETY REPAIRS AND RENNOVATION, BOILER CONTROL, FOOD PANTRY | $9,550 |
COGGON PUBLIC LIBRARY PURPOSE: BOOKS | $500 |
CITY OF COGGON PURPOSE: LIGHTS, PARK UPKEEP, FIRE & RESCUE TRAINING AND EQUIPMENT, OPERA HOUSE CARPET, HISTORICAL SOCIETY REPAIRS AND RENNOVATION, BOILER CONTROL, FOOD PANTRY | $9,550 |