Cobalt Foundation
- Assets
- $20.6m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Denver, CO
- Founding
- 09/1967
- Data as of
- 12/2021
- 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 12/2021, Cobalt Foundation employed 16 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 12/2021, Cobalt Foundation generated $21.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 15.4% per year over the past 7 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
2021
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 DECIDE TO HAVE ABORTIONS.
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.
COBALT ACTUALIZES POLICIES, STRUCTURES AND ATTITUDES THAT SECURE UNASSAILABLE REPRODUCTIVE AUTONOMY AND ABORTION ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Garland Treasurer | OfficerTrustee | $0 | |
Rachel Jennings Chair | OfficerTrustee | $0 | |
Tyler Traficanti Vice Chair | OfficerTrustee | $0 | |
Karen Middleton President | Officer | $0 | |
Don Aptekar Member | Trustee | $0 | |
Kiki Council Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $390,407 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,061,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,451,644 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| 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 | $21,451,677 |
| 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. | $120,178 |
| Compensation of current officers, directors, key employees. | $12,018 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,534 |
| Payroll taxes | $62,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,204 |
| Fees for services: Accounting | $24,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,658 |
| Advertising and promotion | $4,155 |
| Office expenses | $82,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,663 |
| Travel | $10,350 |
| 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 | $1,298 |
| Insurance | $11,145 |
| All other expenses | $1,917 |
| Total functional expenses | $1,428,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,105 |
| Savings and temporary cash investments | $20,060,188 |
| 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 | $7,037 |
| Net Land, buildings, and equipment | $1,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,839 |
| Total assets | $20,599,118 |
| Accounts payable and accrued expenses | $79,748 |
| 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 | $171,802 |
| Total liabilities | $251,550 |
| Net assets without donor restrictions | $347,568 |
| Net assets with donor restrictions | $20,000,000 |
| 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 | $20,599,118 |
Grants Awarded
Over the last fiscal year, Cobalt Foundation has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: VOTER EDUCATION | $100,000 |
Denver, CO PURPOSE: VOTER EDUCATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cobalt Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Rotberg-Comen-Bray Foundation Potomac, MD PURPOSE: GENERAL | $1,000 |
The Rice Family Foundation San Diego, CA PURPOSE: PROGRAM SUPPORT | $500 |
Endowment Analysis
| Net Contributions | $20,000,000 |
| Ending Balance | $20,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobalt Foundation Denver, CO | $20,599,118 | $21,451,677 |
Project Defending Life Albuquerque, NM | $515,114 | $422,947 |
Color Action Fund Denver, CO | $481,199 | $260,058 |
Oklahoma Religious Coalition For Reproductive Choice Tulsa, OK | $120,663 | $0 |
Oklahoma Coalition For Reproductive Justice Oklahoma City, OK | $95,449 | $0 |
Nebraska Religious Council For Reproductive Freedom Lincoln, NE | $98 | $310 |