Core Community Resources Inc
- Assets
- $1.1m
- Revenue
- $901.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Bayfield, WI
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 56-2618057
Organization Overview
Core Community Resources Inc is located in Bayfield, WI. The organization was established in 2007. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Core Community Resources Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Core Community Resources 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 12/2021, Core Community Resources Inc generated $901.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $400.4k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE QUALITY OF LIFE FOR SENIORS AND REDUCE HUNGER FOR ALL IN NORTHERN BAYFIELD COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAMS AND SERVICES THAT ADDRESS SOCIAL ISOLATION AND QUALITY OF LIFE ISSUES FOR SENIOR CITIZENS. IN ADDITION, CORE OPERATES A FOOD PANTRY THAT SERVES PEOPLE OF ALL AGES IN NORTHERN BAYFIELD COUNTY. IN 2021, OVER 117,000 POUNDS OF FOOD WAS DISTRIBUTED. VOLUNTEERS PROVIDED 3,100 HOURS OF VOLUNTEER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Dougherty Executive Di | Officer | 40 | $71,221 |
Lois Albrecht Chair | OfficerTrustee | 1 | $0 |
Barb Mccann Vice Chair | OfficerTrustee | 1 | $0 |
Susan Hedman Secretary | OfficerTrustee | 1 | $0 |
Pat Noordsij Treasurer | OfficerTrustee | 1 | $0 |
Patrick Irvine Director | Trustee | 1 | $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 | $716,877 |
| Noncash contributions included in lines 1a–1f | $370,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $716,877 |
| Total Program Service Revenue | $184,928 |
| Investment income | $102 |
| 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 | $901,907 |
| 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. | $71,221 |
| Compensation of current officers, directors, key employees. | $7,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $640 |
| Advertising and promotion | $3,013 |
| Office expenses | $18,118 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,537 |
| Travel | $681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,007 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,768 |
| Insurance | $6,649 |
| All other expenses | $16,359 |
| Total functional expenses | $400,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,259 |
| Savings and temporary cash investments | $296,040 |
| Pledges and grants receivable | $100,585 |
| 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 | $705,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,259 |
| Total assets | $1,144,039 |
| Accounts payable and accrued expenses | $24,055 |
| 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 | $287,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,141 |
| Total liabilities | $343,915 |
| Net assets without donor restrictions | $770,865 |
| Net assets with donor restrictions | $29,259 |
| 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 | $1,144,039 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Core Community Resources Inc has recieved totaling $274,441.
| Awarding Organization | Amount |
|---|---|
Second Harvest Northern Lakes Food Bank Duluth, MN PURPOSE: FEEDING PEOPLE IN NEED | $114,282 |
Hrk Foundation St Paul, MN PURPOSE: GOS | $60,000 |
Second Harvest Northern Lakes Food Bank Duluth, MN PURPOSE: FEEDING PEOPLE IN NEED | $51,171 |
Hugh J Andersen Foundation Bayport, MN PURPOSE: GENERAL OPERTING SUPPORT-MARY RICE | $20,000 |
John R Flanagan Charitable Foundation Chicago, IL PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $10,500 |
Hrk Foundation St Paul, MN PURPOSE: GOS | $10,000 |
Endowment Analysis
| Beg. Balance | $28,203 |
| Earnings | $1,056 |
| Ending Balance | $29,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Macomb Oakland Regional Center Inc Clinton Township, MI | $34,712,756 | $87,127,217 |
Rosecrance Inc Rockford, IL | $86,180,732 | $66,976,100 |
Hope Haven Incorporated Rock Valley, IA | $37,686,994 | $51,176,008 |
Cornerstone Service Inc Joliet, IL | $39,737,270 | $40,769,202 |
Community Action Partnership Of Ramsey And Washington Counties St Paul, MN | $9,911,180 | $29,699,543 |
Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Mental Health Resources Inc St Paul, MN | $13,320,829 | $27,036,443 |
Life Circles Muskegon, MI | $20,352,108 | $31,605,005 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Mainstream Living Inc Stuart Ambrose Ames, IA | $14,812,634 | $26,461,263 |
Kreider Services Inc Dixon, IL | $7,634,045 | $20,356,792 |
Training & Treatment Innovations Inc Oxford, MI | $4,219,988 | $19,202,444 |