Cobalt Foundation
- Assets
- $19.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Denver, CO
- Founding
- 09/1967
- Data as of
- 12/2022
- EIN
- 84-6050191
Organization Overview
Cobalt Foundation is located in Denver, CO. The organization was established in 1967. According to its NTEE Classification (R61) the organization is classified as: Reproductive Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, Cobalt Foundation employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobalt Foundation 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 12/2022, Cobalt Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 21.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COBALT ACTUALIZES POLICIES, STRUCTURES AND ATTITUDES THAT SECURE UNASSAILABLE REPRODUCTIVE AUTONOMY AND ABORTION ACCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COBALT ABORTION FUND: PROGRAM DESIGNED TO PROVIDE FINANCIAL ASSISTANCE TO THOSE WHO SEEK ABORTION CARE.
PUBLIC EDUCATION: CREATE AND MANAGE EDUCATIONAL MATERIALS AND PROVIDE TRAINING/SEMINARS REGARDING ISSUES SPECIFIC TO REPRODUCTIVE RIGHTS.
COMMUNITY ORGANIZING: RECRUITMENT, TRAINING AND ACTIVATION OF VOLUNTEER NETWORKS ACROSS COLORADO. SPONSOR PROGRAM INTERNSHIPS AND ACTIVATE VOLUNTEERS FOR OUTREACH EDUCATION AND PUBLIC POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Middleton President | Trustee | 2 | $133,874 |
Rachel Jennings Board Member | Trustee | 1 | $0 |
Sloane Irwin Board Member | Trustee | 1 | $0 |
Kelsey Laurer Board Member | Trustee | 1 | $0 |
Joeana Middleton Board Member | Trustee | 1 | $0 |
Christi Ng Board Member | 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 | $2,390,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,390,434 |
| Total Program Service Revenue | $1,294,639 |
| Investment income | $348 |
| 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 | $3,685,421 |
| 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 | $975,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,533 |
| Payroll taxes | $80,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,714 |
| Fees for services: Accounting | $46,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,406 |
| Fees for services: Other | $85,622 |
| Advertising and promotion | $4,540 |
| Office expenses | $134,384 |
| Information technology | $40,058 |
| Royalties | $0 |
| Occupancy | $89,049 |
| Travel | $89,364 |
| 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 | $2,170 |
| Insurance | $10,713 |
| All other expenses | $0 |
| Total functional expenses | $2,537,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,684,601 |
| Savings and temporary cash investments | $17,728,047 |
| 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 | $13,041 |
| Net Land, buildings, and equipment | $8,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,389 |
| Total assets | $19,440,839 |
| Accounts payable and accrued expenses | $111,778 |
| 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 | -$144,529 |
| Total liabilities | -$32,751 |
| Net assets without donor restrictions | $1,995,745 |
| Net assets with donor restrictions | $17,477,845 |
| 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 | $19,440,839 |
Grants Awarded
Over the last fiscal year, Cobalt Foundation has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION FOUN PURPOSE: VOTER EDUCATION | $100,000 |
COLORADO ORG FOR LATINA OPPORTUN PURPOSE: VOTER EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobalt Foundation Denver, CO | $19,440,839 | $3,685,421 |
I Be Black Girl Omaha, NE | $1,492,764 | $2,254,653 |
Project Defending Life Albuquerque, NM | $437,893 | $527,832 |
Oklahoma Religious Coalition For Reproductive Choice Tulsa, OK | $495,386 | $243,000 |
Color Action Fund Denver, CO | $690,791 | $460,937 |
Nebraskans For Reproductive Freedom Lincoln, NE | $309,858 | $507,020 |
Oklahoma Coalition For Reproductive Justice Oklahoma City, OK | $49,325 | $0 |
Nebraska Religious Council For Reproductive Freedom Lincoln, NE | $98 | $310 |