Coborns Care Fund
- Assets
- $194.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-2924729
Organization Overview
Coborns Care Fund is located in St Cloud, MN. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coborns Care Fund 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, Coborns Care Fund generated $115.5k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $35.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
COBORN'S CARE FUND PROVIDES FINANCIAL ASSISTANCE TO EMPLOYEES OF COBORN S, INCORPORATED, OR ANY OF ITS AFFILIATED COMPANIES, AND THEIR IMMEDIATE FAMILY MEMBERS (SPOUSE, CHILD OR PARENT) LIVING IN THE FAMILY RESIDENCE OF THE EMPLOYEE, TO ASSIST SUCH EMPLOYEE AND/OR FAMILY MEMBER WITH AN EMERGENCY SITUATION OR HARDSHIP, WHICH WAS UNFORESEEN AND CREATED BY CIRCUMSTANCES OUTSIDE OF THE EMPLOYEE AND/OR FAMILY MEMBER S ABILITY TO CONTROL WHEN SUCH EMPLOYEE AND/OR FAMILY MEMBER HAS NO OTHER OPTIONS TO ASSIST THEM WITH THEIR SITUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Coborn Vice President | 5 | $0 | |
Jim Shaw Treasurer | 2 | $0 | |
Chris Coborn President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,532 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $115,532 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $991 |
| Total expenses | $35,916 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $194,131 |
| Other assets | $0 |
| Total assets | $194,131 |
| Total liabilities | $2,500 |
| Net assets or fund balances | $191,631 |
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