Cottage Cove Urban Ministries
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$375,100.00
Projected Expenses
$375,100.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| cottage cove urban ministries irs ltr. | 2020 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $309,646.00 | $541,158.00 | $404,935.00 |
| Total Expenses | $442,824.00 | $302,760.00 | $293,491.00 |
| Revenue Less Expenses | ($133,178.00) | $238,398.00 | $111,444.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $22,932.00 | $53,767.00 |
| Contributions, Gifts, and Grants | $282,976.00 | $443,743.00 | $243,237.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $6,589.00 | $3,796.00 | $452.00 |
| Investment Income, Net of Losses | $29.00 | $34.00 | $119.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $20,052.00 | $70,653.00 | $82,628.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $24,732.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $401,197.00 | $275,779.00 | $264,324.00 |
| Administration Expense | $37,561.00 | $24,015.00 | $26,798.00 |
| Fundraising Expense | $4,066.00 | $2,966.00 | $2,369.00 |
| Total Revenue/Total Expenses | 70% | 179% | 138% |
| Program Expense/Total Expenses | 91% | 91% | 90% |
| Fundraising Expense/Contributed Revenue | 1% | 1% | 1% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $282,976.00 | Contributions, Gifts, Grants $443,743.00 | Contributions, Gifts and Grants $243,237.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $20,052.00 | Government Grants $22,932.00 | Fundraising Events $82,628.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $6,589.00 | Fundraising Events $70,653.00 | Government Grants $53,767.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,456,315.00 | $1,589,494.00 | $1,351,096.00 |
| Current Assets | $437,671.00 | $693,137.00 | $504,168.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $0.00 | $0.00 |
| Total Net Assets | $1,456,315.00 | $1,589,494.00 | $1,351,096.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
| Audit Financial Statement | 2021 |
CEO/Executive Director/Board Comments
| The financial information on this site prior to 2005, from our 990's, shows administrative expense as the highest portion of our expenses. This comes from attributing 100% of staff to administrative whereas all administrative staff spend a majority of their time with program duties. Adjusted to account for this division of time Program Expense would be approximately 84% versus the 25-33% as shown in 2003/04. Beginning with 2005 these numbers are correctly divided out and reported on our 990s. |
Foundation Staff Comments
| Financial figures taken from the 990. 990 was prepared by Carr, Riggs & Ingram, LLC. Some foundation grants, as well as donations from church congregations, may be included in Individual Contribution sum, as figures are not fully divided in tax document. Comments provided by Nicole Rose 05/10/2023. |
