Coborn Family Foundation
- Assets
- $6.0m
- Revenue
- $665.2k
- Investments
- $5.2m
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-0909745
Organization Overview
Coborn Family Foundation is located in St Cloud, MN. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coborn Family 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, Coborn Family Foundation generated $665.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $168.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Coborn Family Foundation has awarded 46 individual grants totaling $3,931,376. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Wright President/director | 2 | $0 | |
Chris Coborn Treasurer/director | 2 | $0 | |
Mark Coborn Secretary/director | 2 | $0 | |
Duke Coborn Director | 1 | $0 | |
Becky Coborn Director | 1 | $0 | |
Jim Shaw Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $189,730 |
| Interest on Savings | $3,323 |
| Dividends & Interest | $95,225 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $376,872 |
| Capital Gain Net Income | $376,872 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $665,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,268 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $356 |
| Total operating and administrative expenses | $51,552 |
| Contributions, gifts, grants paid | $117,180 |
| Total expenses and disbursements | $168,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $767,648 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $927,343 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,967,526 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $800,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $800,000 |
Grants Awarded
Over the last fiscal year, Coborn Family Foundation has awarded $117,180 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRACARE FOUNDATION PURPOSE: 'CANCER SURVIVORSHIP, LONG PRAIRIE WELLNESS CENTER, AND PEDIATRIC CENTER | $100,000 |
ST JOHN'S BOYS CHOIR PURPOSE: ANNUAL SPONSORSHIP 2021-2022 | $10,000 |
PAY IT FORWARD FUND PURPOSE: PAY IT FORWARD CASINO NIGHT REGISTRATION | $4,680 |
FIREFIGHTERS FOR HEALING PURPOSE: FUND A NEED DONATION | $2,500 |