Corcoran Community Fund
- Assets
- $87.0k
- Revenue
- $225.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Rogers, MN
- Founding
- Data as of
- 12/2021
- EIN
- 83-2989224
Organization Overview
Corcoran Community Fund is located in Rogers, MN. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corcoran Community Fund 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, Corcoran Community Fund generated $225.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $248.3k 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
TO SUPPORT THE COMMUNITY & PEOPLE OF CORCORAN, MN, INCLUDING COMMUNITY EVENTS, CORCORAN EMERGENCY SERVICES, & DISASTER & EMERGENCY RELIEF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, CORCORAN COUNTRY DAZE RETURNED, WHICH IS A KID-FRIENDLY, TWO-DAY OUTDOOR FESTIVAL THAT BRINGS MEMBERS OF THE COMMUNITY TOGETHER FOR GREAT FOOD, MUSIC & ACTIVITIES INCLUDING AN ANTIQUE CAR & TRACTOR SHOW, A FREE KIDS' DAY & A SOFTBALL TOURNAMENT. THE EVENT IS RUN SOLELY BY VOLUNTEERS FROM THE COMMUNITY & IS CHAIRED BY THE PRESIDENT OF THE CORCORAN COMMUNITY FUND. THE EVENT WAS STARTED AS A WAY TO CREATE CIVIC PRIDE & BRING CORCORAN TOGETHER, AS THE CITY COVERS 53 SQUARE MILES BUT ONLY HAS A POPULATION OF APPROXIMATELY 7,000. THE FREE KIDS' DAY IS THE CORNERSTONE OF OUR WEEKEND WITH OVER 3,000 PEOPLE VISITING US ON SATURDAY TO SPEND THE DAY WITH THEIR KIDS. WE OFFER EDUCATIONAL ACTIVITIES FOR KIDS, AS WELL AS OTHER ACTIVITIES TO LET ALL KIDS PLAY WITHOUT CONCERNS ABOUT COSTS. EXAMPLES OF THIS INCLUDE: A MUSIC SCHOOL WHICH BRINGS INSTRUMENTS FOR KIDS TO PLAY AND DISCOVER MUSIC; A KARATE SCHOOL THAT DOES DEMONSTRATIONS & TEACHES KIDS BASIC MOVES; KID'S BINGO, WHICH USES SHAPES & COLORS INSTEAD OF NUMBERS SO ALL AGES CAN PLAY & PRACTICE THEIR IDENTIFICATION SKILLS; & LOCAL HANDYMEN/CONSTRUCTION TRADE MEMBERS JOIN US TO HELP KIDS BUILD BIRDHOUSES OR FEEDERS. THIS YEAR, WE ADDED A SCHOOL BACKPACK GIVEAWAY TO OUR EVENT. WE PACKED THE BACKPACKS WITH SCHOOL SUPPLIES INCLUDING: MARKERS, PENCILS, COLORED PENCILS, ERASERS, GLUE & GLUE STICKS, A PENCIL BOX, FOLDERS & A NOTEBOOK. WE GAVE AWAY 500 BAGS AT NO COST TO ANY CHILD THAT WANTED ONE. OUR GOAL IS TO HELP ALL CHILDREN IN OUR COMMUNITY START THE SCHOOL YEAR OFF NOT WORRYING ABOUT HAVING THE NECESSARY SUPPLIES FOR THEIR SUCCESS IN THE CLASSROOMS. ADDITIONALLY, OUR CONCERTS, WHICH HELP ALLOW US TO PUT ON OUR KIDS' DAY EVENT AT NO COST, SAW OVER 2,700 PEOPLE IN ATTENDANCE DURING THE TWO DAYS OF MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Thompson Chairman | OfficerTrustee | 3 | $0 |
Chad Robran President | OfficerTrustee | 3 | $0 |
Valerie Nybo Treasurer | OfficerTrustee | 3 | $0 |
Judy Strehler Secretary | OfficerTrustee | 3 | $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 | $118,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,700 |
| Total Program Service Revenue | $107,060 |
| 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 | $225,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $4,144 |
| 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 | $919 |
| Fees for services: Accounting | $1,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,032 |
| Advertising and promotion | $25,428 |
| Office expenses | $27 |
| 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 | $2,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,550 |
| All other expenses | $0 |
| Total functional expenses | $248,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,965 |
| 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 | $86,965 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $84,395 |
| Net assets with donor restrictions | $2,570 |
| 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 | $86,965 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corcoran Community Fund has recieved totaling $133,000.
| Awarding Organization | Amount |
|---|---|
United States Junior Chamber Of Commerce Maple Grove, MN PURPOSE: PROVIDE FUNDING FOR COMMUNITY EVENTS | $133,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cassia Services Edina, MN | $14,755,616 | $18,639,791 |
Minnesota Masonic Charities Bloomington, MN | $12,657,081 | $2,476,347 |
Heartland Industries Of Dawson Inc Alexandria, MN | $6,643,884 | $6,479,207 |
Wisconsin Communty Action Program Association Incorporated Madison, WI | $526,927 | $3,675,578 |
Center For Independent Living For Western Wisconsin Inc Menomonie, WI | $4,885,643 | $4,142,811 |
Matthew 25 Cedar Rapids, IA | $5,226,291 | $3,717,182 |
Stairstep Foundation Minneapolis, MN | $447,520 | $2,069,991 |
Rebound Inc Minneapolis, MN | $1,705,422 | $2,581,147 |
Divine Mercy Conference Faribault, MN | $576,296 | $1,827,807 |
Usta Northern Eagan, MN | $2,419,478 | $1,989,155 |
Crivitz Youth Inc Crivitz, WI | $6,211,935 | $1,738,669 |
Society Of St Vincent De Paul Of Plymouth Inc Plymouth, WI | $5,663,794 | $1,843,724 |