Cool Globes Inc
- Assets
- $107.4k
- Revenue
- $55.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Northfield, IL
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-5212070
Organization Overview
Cool Globes Inc is located in Northfield, IL. The organization was established in 2007. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cool Globes 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, Cool Globes Inc generated $55.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $279.0k during the year ending 12/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOL GLOBES: HOT IDEAS FOR A COOLER PLANET IS AN INNOVATIVE PROJECT THAT USES THE MEDIUM OF PUBLIC ART TO INSPIRE INDIVIDUALS AND ORGANIZATIONS TO TAKE ACTION AGAINST GLOBAL WARMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Abrams President/director | OfficerTrustee | 20 | $0 |
William Abrams Treasurer/director | OfficerTrustee | 1 | $0 |
James Abrams Secretary/director | OfficerTrustee | 1 | $0 |
Ann Loucks Director | Trustee | 1 | $0 |
Lynn Harris 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 | $55,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $55,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $278,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,361 |
| Accounts payable and accrued expenses | $8,800 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,800 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $98,561 |
| 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 | $107,361 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cool Globes Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
1111 Foundation Northfield, IL PURPOSE: UNRESTRICTED CHARITABLE GIFT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisville Water Foundation Louisville, KY | $1,355,242 | $4,579,865 |
Riveredge Nature Center Inc Newburg, WI | $10,456,592 | $2,741,879 |
Forest Park Foundation Peoria Heights, IL | $2,574,683 | $838,889 |
Garfield Park Conservatory Alliance Chicago, IL | $4,270,987 | $3,189,107 |
Kohler Trust For Preservation Kohler, WI | $13,328,615 | $3,437,093 |
Indian Creek Nature Center Cedar Rapids, IA | $10,454,447 | $1,688,837 |
Missouri Conservation Heritage Foundation Jefferson City, MO | $7,233,035 | $3,382,865 |
Aldo Leopold Nature Center Inc Monona, WI | $4,909,599 | $1,432,415 |
Land Between The Lakes Association Golden Pond, KY | $1,440,482 | $1,581,696 |
Lee A & Mary Jane Rieth Foundation For Environmental Education Chicago, IL | $20,411,268 | $2,147,978 |
Ekentucky Advanced Manufacturing Institute Inc Paintsville, KY | $3,226,397 | $1,085,558 |
Indiana Dunes Environmental Learning Center Inc Chesterton, IN | $2,357,277 | $1,368,993 |