Seventh Street Coffee Inc
- Assets
- $33.6k
- Revenue
- $210.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Rockford, IL
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 45-5198604
Organization Overview
Seventh Street Coffee Inc is located in Rockford, IL. The organization was established in 2014. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Seventh Street Coffee Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seventh Street Coffee Inc 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, Seventh Street Coffee Inc generated $210.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $221.4k 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
TO OPERATE A COMMUNITY GATHERING SPACE IN THE MIDTOWN DISTRICT OF ROCKFORD, ILLINOIS. TO PROMOTE THE BUILDING OF COMMUNITY BY PROVIDING A HPSPITABLE ENVIRONMENT IN A CHALLENGED NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVENTH STREET COFFEE, OPERATING AS KATIE'S CUP COFFEE BAR, IS A GATHERING SPACE THAT PROMOTES THE BUILDING OF COMMUNITY, CENTERED AROUND TIMELY CONVERSATIONS OF FAITH AND LIFE. IT IS COMFORTABLE, HOSPITABLE, AND RICH IN RESOURCES OF COFFEE, FOOD, BOOKS, MUSIC, ART AND ENTERTAINMENT, EMBRACING A BUSINESS PHILOSOPHY THAT PROMOTES USAGE OF THE FACILITY BY OTHER NOT FOR PROFIT ORGANIZATIONS AND CHURCH GROUPS.
CARS AND COFFEE ROCKFORD IS ORGANIZED TO BENEFIT KATIE'S CUP. MONTHLY EVENT BRINGS CARS, TRUCKS AND MOTORCYCLES, DISPLAYS, GAMES, CONTESTS AND PRIZED. FREE PARTICIPATION, FREE TO SPECTATE.
ROCKFORD MIDTOWN MARKET EXISTS TO ENCOURAGE A COMMUNITY GATHERING FOR ETHNIC FOOD, FARM PRODUCE, COFFEE DRINKS, KID ACTIVITIES, MUSIC AND CRAFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariel Heinke President | Trustee | 15 | $0 |
Jay Quinn Vice President | Trustee | 15 | $0 |
Elaine Breck Secretary | Trustee | 15 | $0 |
Rebecca Chewning Treasurer | Trustee | 15 | $0 |
Pam Bitner Board Member | Trustee | 5 | $0 |
Marti Bein Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,339 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,732 |
| Total Program Service Revenue | $97,551 |
| 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 | $210,283 |
| 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 | $99,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $3,037 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,061 |
| 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 | $3,991 |
| All other expenses | $0 |
| Total functional expenses | $221,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,190 |
| Savings and temporary cash investments | $12,411 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,601 |
| 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 | $33,601 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $33,601 |