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Nonprofiteer
← COBALT FOUNDATION

Form 990 for tax year 2022

Filed by COBALT FOUNDATION.

Totals

Total revenue
$3,685,421
Total expenses
$2,537,967
Contributions and grants received
$2,390,434
Grants paid
$0
Program service revenue
$1,294,639
Investment income
$348
Other revenue
$0
Total assets, end of year
$19,440,839
Total liabilities, end of year
-$32,751
Net assets or fund balances, end of year
$19,473,590
Program services expenses (Part IX)
$2,240,751
Management and general expenses
$168,368
Fundraising expenses
$128,848
Program service expenses (Part III)
$2,240,751

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,390,434

  • 2a · Program service revenue: PROGRAMMING

    total $1,294,639 · related or exempt $1,294,639

  • 3 · Investment income

    total $348 · related or exempt $348

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $975,412 · program services $819,342 · management and general $97,543 · fundraising $58,527

  • 9 · Other employee benefits

    total $85,533 · program services $71,848 · management and general $8,553 · fundraising $5,132

  • 10 · Payroll taxes

    total $80,386 · program services $67,524 · management and general $8,039 · fundraising $4,823

  • 11b · Fees: legal

    total $4,714 · program services $3,960 · management and general $471 · fundraising $283

  • 11c · Fees: accounting

    total $46,305 · program services $38,896 · management and general $4,631 · fundraising $2,778

  • 11f · Fees: investment management

    total $2,406 · program services $2,021 · management and general $241 · fundraising $144

  • 11g · Fees: other

    total $85,622 · program services $71,922 · management and general $8,562 · fundraising $5,138

  • 12 · Advertising and promotion

    total $4,540 · program services $3,814 · management and general $454 · fundraising $272

  • 13 · Office expenses

    total $134,384 · program services $112,882 · management and general $13,439 · fundraising $8,063

  • 14 · Information technology

    total $40,058 · program services $33,648 · management and general $4,006 · fundraising $2,404

  • 16 · Occupancy

    total $89,049 · program services $74,801 · management and general $8,905 · fundraising $5,343

  • 17 · Travel

    total $89,364 · program services $79,534 · management and general $4,468 · fundraising $5,362

  • 22 · Depreciation, depletion and amortization

    total $2,170 · program services $1,823 · management and general $217 · fundraising $130

  • 23 · Insurance

    total $10,713 · program services $1,825 · management and general $8,758 · fundraising $130

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $735,625 · program services $735,625

  • 24b · Other expenses: SPECIAL EVENTS

    total $126,979 · program services $120,630 · fundraising $6,349

  • 24c · Other expenses: BANK CHARGES & MERCHANT FEES

    total $24,707 · program services $656 · management and general $81 · fundraising $23,970

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $521,105 · end of year $1,684,601

  • 2 · Savings and temporary cash investments

    beginning of year $20,060,188 · end of year $17,728,047

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,037 · end of year $13,041

  • 10a · Land, buildings and equipment: cost or other basis

    $26,626

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,865

  • 10c · Land, buildings and equipment, net

    beginning of year $1,949 · end of year $8,761

  • 15 · Other assets

    beginning of year $8,839 · end of year $6,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,748 · end of year $111,778

  • 25 · Other liabilities

    beginning of year $171,802 · end of year -$144,529

  • 27 · Net assets without donor restrictions

    beginning of year $347,568 · end of year $1,995,745

  • 28 · Net assets with donor restrictions

    beginning of year $20,000,000 · end of year $17,477,845

Mission and programs · 2022

Mission

COBALT ACTUALIZES POLICIES, STRUCTURES AND ATTITUDES THAT SECURE UNASSAILABLE REPRODUCTIVE AUTONOMY AND ABORTION ACCESS.

  • COBALT ABORTION FUND: PROGRAM DESIGNED TO PROVIDE FINANCIAL ASSISTANCE TO THOSE WHO SEEK ABORTION CARE.

    Expenses $1,225,666 · Revenue $1,294,639

  • PUBLIC EDUCATION: CREATE AND MANAGE EDUCATIONAL MATERIALS AND PROVIDE TRAINING/SEMINARS REGARDING ISSUES SPECIFIC TO REPRODUCTIVE RIGHTS.

    Expenses $853,136

  • COMMUNITY ORGANIZING: RECRUITMENT, TRAINING AND ACTIVATION OF VOLUNTEER NETWORKS ACROSS COLORADO. SPONSOR PROGRAM INTERNSHIPS AND ACTIVATE VOLUNTEERS FOR OUTREACH EDUCATION AND PUBLIC POLICY.

    Expenses $161,949

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KAREN MIDDLETON

    PRESIDENT

    Total calculated
    $133,874
    From this org
    $133,874
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • RACHEL JENNINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SLOANE IRWIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELSEY LAURER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOEANA MIDDLETON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTI NG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAIA GALLAGHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIKI COUNCIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DON APTEKAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KESHIA ALLEN HORNER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • POLLY EHRENHAFT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TYLER TRAFICANTI

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER HANCOCK

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MELISSA GARLAND

    TREASURER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2023
IRS schema version
2022v5.0
Source object
202313199349317601

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