Cookie Cart
- Assets
- $5.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1997
- Data as of
- 06/2021
- EIN
- 41-1866804
Organization Overview
Cookie Cart is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cookie Cart 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 06/2021, Cookie Cart generated $1.0m 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 (5.6%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
PROVIDE TEENS WITH MEANINGFUL WORK, LIFE AND LEADERSHIP SKILLS THROUGH EXPERIENCE AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOKIE CART (THE ORGANIZATION) IS A NONPROFIT COMMUNITY CORPORATION THAT PROVIDES EMPLOYMENT SKILLS FOR YOUTH IN NORTH MINNEAPOLIS AND THE EAST SIDE OF SAINT PAUL, MINNESOTA. THE ORGANIZATION IS THE TWIN CITIES' LEADER IN YOUTH SOCIAL ENTERPRISE, WHERE HUNDREDS OF TEENS LEARN AND BUILD REAL WORLD SKILLS THAT PREPARE THEM FOR SUCCESSFUL FUTURES. THE ORGANIZATION COMBINES PAID WORK EXPERIENCE IN A SMALL BUSINESS SETTING (THE BAKERY)WITH AUXILIARY WORKSHOPS TO PROMOTE CAREER AND LEADERSHIP DEVELOPMENT FOR YOUTH. IN 2021, COOKIE CART EMPLOYED 211 YOUTH ACROSS THE TWIN CITIES METRO. COOKIE CART ALSO ACCOMPLISHED THE FOLLOWING PROGRAM GOALS: 1) 59 YOUTH COMPLETED CUSTOMER SERVICE TRAINING 2) 103 YOUTH COMPLETED FINANCIAL LITERACY TRAINING 3) 101 YOUTH PARTICIPATED IN CAREER ADVANCEMENT TRAINING 4) 43 ADVANCED LEADERSHIP POSITIONS FOR COOKIE CART ALUMNI AND YOUNG ADULTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Altman Board Chair | OfficerTrustee | 1 | $0 |
Ben Williams Treasurer | OfficerTrustee | 1 | $0 |
Eva DE Leon Secretary | OfficerTrustee | 1 | $0 |
Matt Halley Executive Director | Officer | 40 | $0 |
Becky Finnigan Board Member | Trustee | 1 | $0 |
Anahita Cameron Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,259 |
| All other contributions, gifts, grants, and similar amounts not included above | $805,776 |
| Noncash contributions included in lines 1a–1f | $60,087 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $808,035 |
| Total Program Service Revenue | $239,555 |
| Investment income | $856 |
| 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 | $1,048,446 |
| 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. | $72,120 |
| Compensation of current officers, directors, key employees. | $6,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $715,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,274 |
| Payroll taxes | $59,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,900 |
| Advertising and promotion | $2,536 |
| Office expenses | $9,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,433 |
| Travel | $131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,517 |
| Insurance | $10,669 |
| All other expenses | $6,557 |
| Total functional expenses | $1,379,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,657 |
| Savings and temporary cash investments | $1,217,320 |
| Pledges and grants receivable | $385,766 |
| Accounts receivable, net | $18,888 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $94,892 |
| Prepaid expenses and deferred charges | $27,186 |
| Net Land, buildings, and equipment | $4,009,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,370 |
| Other assets | $100,000 |
| Total assets | $5,899,422 |
| Accounts payable and accrued expenses | $235,955 |
| 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 | $1,207,731 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,443,686 |
| Net assets without donor restrictions | $3,954,970 |
| Net assets with donor restrictions | $500,766 |
| 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 | $5,899,422 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cookie Cart has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Rose Francis Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING | $15,000 |
Therese Foundation St Paul, MN PURPOSE: ANNUAL CAMPAIGN | $10,000 |
Endowment Analysis
| Beg. Balance | $100,000 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior Achievement Of Eastern Iowa Cedar Rapids, IA | $3,129,743 | $1,942,869 |
Cookie Cart Minneapolis, MN | $5,899,422 | $1,048,446 |
Iowa Association Of Business And Industry Foundation Des Moines, IA | $1,004,678 | $680,350 |
Women In Technology Wisconsin Inc Hortonville, WI | $337,206 | $0 |
Shakopee Chamber Foundation Shakopee, MN | $2,711 | $0 |