Coldwater Foundation For Leadership And Community Development
EIN: 271609731 · Grand Marais, MN · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $628K |
| Total Expenses | $603K |
| Net Assets | $231K |
Is Coldwater Foundation For Leadership And Community Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Coldwater Foundation For Leadership And Community Development
Coldwater Foundation For Leadership And Community Development (EIN: 271609731) is a nonprofit organization based in Grand Marais, MN, classified under NTEE code O50. The organization reported total revenue of $628K and total assets of $280K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coldwater Foundation For Leadership And Community Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coldwater Foundation For Leadership And Community Development is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $543K |
| Total Expenses | $603K |
| Surplus / Deficit | $-60,240 |
| Total Assets | $259K |
| Total Liabilities | $28K |
| Net Assets | $231K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 5.2 months |
Financial Health Grade: B
In 2023, Coldwater Foundation For Leadership And Community Development reported a deficit of $60K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Coldwater Foundation For Leadership And Community Development's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.8% | +17.9% | -14.9% |
| 2022 | +58.2% | +73.4% | +30.6% |
| 2021 | +102.0% | +71.1% | +66.1% |
| 2020 | +14.1% | -4.0% | +3.9% |
| 2019 | -25.0% | -7.1% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Coldwater Foundation For Leadership And Community Development has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coldwater Foundation For Leadership And Community Development with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.8%.
Frequently Asked Questions about Coldwater Foundation For Leadership And Community Development
Is Coldwater Foundation For Leadership And Community Development a legitimate charity?
Based on AI analysis of IRS 990 filings, Coldwater Foundation For Leadership And Community Development (EIN: 271609731) insufficient data. 0 red flags identified, 0 strengths noted.
How does Coldwater Foundation For Leadership And Community Development spend its money?
Detailed spending breakdown data is not yet available for Coldwater Foundation For Leadership And Community Development. Check back for updated IRS 990 analysis.
Are donations to Coldwater Foundation For Leadership And Community Development tax-deductible?
Coldwater Foundation For Leadership And Community Development is registered as a tax-exempt nonprofit (EIN: 271609731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Coldwater Foundation For Leadership And Community Development located?
Coldwater Foundation For Leadership And Community Development is headquartered in Grand Marais, Minnesota and files with the IRS under EIN 271609731. It is classified under NTEE code O50.
How many years of IRS 990 filings does Coldwater Foundation For Leadership And Community Development have?
Coldwater Foundation For Leadership And Community Development has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $628K in total revenue.
Filing History
IRS 990 filing history for Coldwater Foundation For Leadership And Community Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Coldwater Foundation For Leadership And Community Development's revenue has grown by 266.1%, moving from $148K to $543K. Total assets increased by 1503% over the same period, from $16K to $259K. Total functional expenses rose by 320%, from $144K to $603K. In its most recent filing year (2023), Coldwater Foundation For Leadership And Community Development reported a deficit of $60K, with expenses exceeding revenue. The organization holds $28K in liabilities against $259K in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $231K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $543K | $603K | $259K | $28K | — | View 990 |
| 2022 | $588K | $511K | $304K | $13K | — | View 990 |
| 2021 | $372K | $295K | $233K | $19K | — | View 990 |
| 2020 | $184K | $172K | $140K | $3K | — | View 990 |
| 2019 | $161K | $179K | $135K | $10K | — | View 990 |
| 2018 | $215K | $193K | $143K | $503 | — | View 990 |
| 2017 | $169K | $177K | $121K | $503 | — | View 990 |
| 2016 | $173K | $196K | $134K | $5K | — | View 990 |
| 2015 | $318K | $182K | $153K | $1K | — | View 990 |
| 2014 | $122K | $122K | $28K | $11K | — | View 990 |
| 2013 | $122K | $130K | $18K | $0 | — | View 990 |
| 2012 | $133K | $123K | $26K | $0 | — | View 990 |
| 2011 | $148K | $144K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $543K, expenses of $603K, and assets of $259K (revenue -7.8% year-over-year).
- 2022: Revenue of $588K, expenses of $511K, and assets of $304K (revenue +58.2% year-over-year).
- 2021: Revenue of $372K, expenses of $295K, and assets of $233K (revenue +102.0% year-over-year).
- 2020: Revenue of $184K, expenses of $172K, and assets of $140K (revenue +14.1% year-over-year).
- 2019: Revenue of $161K, expenses of $179K, and assets of $135K (revenue -25.0% year-over-year).
- 2018: Revenue of $215K, expenses of $193K, and assets of $143K (revenue +27.5% year-over-year).
- 2017: Revenue of $169K, expenses of $177K, and assets of $121K (revenue -2.5% year-over-year).
- 2016: Revenue of $173K, expenses of $196K, and assets of $134K (revenue -45.5% year-over-year).
- 2015: Revenue of $318K, expenses of $182K, and assets of $153K (revenue +160.8% year-over-year).
- 2014: Revenue of $122K, expenses of $122K, and assets of $28K (revenue +0.2% year-over-year).
- 2013: Revenue of $122K, expenses of $130K, and assets of $18K (revenue -8.3% year-over-year).
- 2012: Revenue of $133K, expenses of $123K, and assets of $26K (revenue -10.5% year-over-year).
- 2011: Revenue of $148K, expenses of $144K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coldwater Foundation For Leadership And Community Development:
Data Sources and Methodology
This transparency report for Coldwater Foundation For Leadership And Community Development is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.