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Nonprofiteer
← CORCORAN NEIGHBORHOOD ORGANIZATION

Form 990 for tax year 2022

Filed by CORCORAN NEIGHBORHOOD ORGANIZATION.

Totals

Total revenue
$1,251,000
Total expenses
$1,120,496
Contributions and grants received
$1,220,290
Grants paid
$0
Program service revenue
$30,710
Investment income
$0
Other revenue
$0
Total assets, end of year
$831,280
Total liabilities, end of year
$344,097
Net assets or fund balances, end of year
$487,183
Program services expenses (Part IX)
$1,016,957
Management and general expenses
$90,309
Fundraising expenses
$13,230
Program service expenses (Part III)
$1,016,957

Program services were 90.8% 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.

  • 1e · Government grants (contributions)

    $1,167,369

  • 1f · All other contributions, gifts and grants

    $52,921

  • 2a · Program service revenue: Program income

    total $4,235 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Market

    total $26,475 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $179,364 · program services $125,555 · management and general $44,841 · fundraising $8,968

  • 9 · Other employee benefits

    total $22,747 · program services $15,923 · management and general $5,687 · fundraising $1,137

  • 10 · Payroll taxes

    total $14,890 · program services $10,423 · management and general $3,723 · fundraising $744

  • 11c · Fees: accounting

    total $5,274 · program services $0 · management and general $5,274 · fundraising $0

  • 11g · Fees: other

    total $660,964 · program services $660,964 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,961 · program services $0 · management and general $1,961 · fundraising $0

  • 14 · Information technology

    total $8,214 · program services $5,750 · management and general $2,348 · fundraising $116

  • 16 · Occupancy

    total $45,307 · program services $31,715 · management and general $11,327 · fundraising $2,265

  • 19 · Conferences, conventions and meetings

    total $1,159 · program services $1,159 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,977 · program services $0 · management and general $3,977 · fundraising $0

  • 23 · Insurance

    total $6,853 · program services $0 · management and general $6,853 · fundraising $0

  • 24a · Other expenses: Printing and publications

    total $4,187 · program services $4,187 · management and general $0 · fundraising $0

  • 24b · Other expenses: Renters support

    total $25,605 · program services $25,605 · management and general $0 · fundraising $0

  • 24c · Other expenses: Food distribution

    total $61,524 · program services $61,524 · management and general $0 · fundraising $0

  • 24d · Other expenses: Program expenses

    total $50,152 · program services $50,152 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $28,318 · program services $24,000 · management and general $4,318 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $323,857 · end of year $605,988

  • 3 · Pledges and grants receivable

    end of year $50,800

  • 4 · Accounts receivable

    beginning of year $147,364 · end of year $174,492

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

    $240,830

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

    $240,830

  • 10c · Land, buildings and equipment, net

    beginning of year $1,354 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,832 · end of year $1,849

  • 19 · Deferred revenue

    beginning of year $59,256 · end of year $342,248

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $205,126 · end of year $357,303

  • 28 · Net assets with donor restrictions

    beginning of year $200,361 · end of year $129,880

Mission and programs · 2022

Mission

We unite neighbors to strengthen our community CNO is a non-partisan information source, spokesperson, and advocate for the community on civic affairs and strives to engage community members on issues that may have a positive or negative impact on the community.

  • CNO is a 45+ year old community centered organization that uses a variety of events, programs, and advocacy related initiatives to advance its mission. Annually, the association recruits and coordinates the largest free community event, with over seven thousand community members and over three hundred volunteers for the Stop the Violence Community Cookout. Corcoran offers support for the Renter Support Fund (RSF). This program seeks to provide direct cash assistance to folks across Minneapolis who identify as cost burdened. We strive to be a resource, connection, and partner in connecting folks across Corcoran to information and or resources they need. In addition, we offer employment connection, food support and general life support to neighbors in the Corcoran Neighborhood and beyond. Typically through phone calls, e-mails and folks who stop into our office, we typically connect with nearly 100,000 community residents or business owners each year. CNO offers fiscal agency support for individuals or groups that aim to activate work that benefits the community with an average of 12 per year.

    Expenses $1,016,957 · Revenue $35,845

As filed on the 2022 return.

Listed in Part VII

  • Chloe Jackson

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Matt Kazinka

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Ellie Watkins

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Kelly Savage

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Kevin Kirsch

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Mike Novak

    Board member

    Total calculated
    $0
    Hours/week
    3

  • Darcus Mitchell

    Board member

    Total calculated
    $0
    Hours/week
    3

  • John Fleming

    Board member

    Total calculated
    $0
    Hours/week
    3

  • Simon Rirdon

    Board member

    Total calculated
    $0
    Hours/week
    3

  • Sarah Morrison

    Board member

    Total calculated
    $0
    Hours/week
    3

  • Carolyn Washington

    Board member

    Total calculated
    $0
    Hours/week
    3

  • Alicia D Smith

    Executive Director

    Total calculated
    $98,761
    From this org
    $87,845
    From related orgs
    $0
    Other
    $10,916
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2022
Filed
28 April 2023
IRS schema version
2022v5.0
Source object
202322959349300352

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