Skip to content
Nonprofiteer
← COBALT FOUNDATION

Form 990 for tax year 2023

Filed by COBALT FOUNDATION.

Totals

Total revenue
$3,755,988
Total expenses
$4,989,157
Contributions and grants received
$3,218,812
Grants paid
$0
Program service revenue
$528,084
Investment income
$1,204
Other revenue
$7,888
Total assets, end of year
$18,709,029
Total liabilities, end of year
$107,375
Net assets or fund balances, end of year
$18,601,654
Program services expenses (Part IX)
$4,345,356
Management and general expenses
$257,759
Fundraising expenses
$386,042
Program service expenses (Part III)
$4,345,356

Program services were 87.1% 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

    $3,218,812

  • 2a · Program service revenue: PROGRAMMING

    total $528,084 · related or exempt $528,084

  • 3 · Investment income

    total $1,204 · related or exempt $1,204

  • 11a · Other revenue: CREDIT CARD REBATES

    total $7,888 · related or exempt $7,888

  • 11e · Other revenue, total

    $7,888

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,371,274 · program services $1,151,865 · management and general $137,130 · fundraising $82,279

  • 9 · Other employee benefits

    total $143,327 · program services $120,394 · management and general $14,333 · fundraising $8,600

  • 10 · Payroll taxes

    total $125,500 · program services $105,420 · management and general $12,550 · fundraising $7,530

  • 11b · Fees: legal

    total $37,500 · program services $31,500 · management and general $3,750 · fundraising $2,250

  • 11c · Fees: accounting

    total $70,792 · program services $59,465 · management and general $7,079 · fundraising $4,248

  • 11g · Fees: other

    total $163,316 · program services $137,185 · management and general $16,332 · fundraising $9,799

  • 12 · Advertising and promotion

    total $5,383 · program services $4,522 · management and general $538 · fundraising $323

  • 13 · Office expenses

    total $232,445 · program services $195,208 · management and general $23,271 · fundraising $13,966

  • 14 · Information technology

    total $8,170 · program services $6,863 · management and general $817 · fundraising $490

  • 16 · Occupancy

    total $85,387 · program services $71,725 · management and general $8,539 · fundraising $5,123

  • 17 · Travel

    total $59,297 · program services $49,852 · management and general $5,903 · fundraising $3,542

  • 22 · Depreciation, depletion and amortization

    total $3,062 · management and general $3,062

  • 23 · Insurance

    total $18,997 · management and general $18,997

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $2,410,317 · program services $2,410,317

  • 24b · Other expenses: SPECIAL EVENTS

    total $223,217 · fundraising $223,217

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

    total $25,840 · program services $1,040 · management and general $125 · fundraising $24,675

  • 24d · Other expenses: TAXES AND LICENSES

    total $5,333 · management and general $5,333

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,684,601 · end of year $1,483,710

  • 2 · Savings and temporary cash investments

    beginning of year $17,728,047 · end of year $17,198,560

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,041 · end of year $14,671

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

    $26,626

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

    $20,927

  • 10c · Land, buildings and equipment, net

    beginning of year $8,761 · end of year $5,699

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,778 · end of year $107,375

  • 25 · Other liabilities

    beginning of year -$144,529

  • 27 · Net assets without donor restrictions

    beginning of year $1,995,745 · end of year $1,403,094

  • 28 · Net assets with donor restrictions

    beginning of year $17,477,845 · end of year $17,198,560

Mission and programs · 2023

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 $3,479,556 · Revenue $528,084

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

    Expenses $753,401

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

    Expenses $112,399

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Middleton

    PRESIDENT

    Total calculated
    $151,701
    From this org
    $151,701
    From related orgs
    $0
    Other
    $0
    Hours/week
    25 + 20 related

    Schedule J breakdown matched by us

    Base
    $151,701
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $151,701

  • Joeana Middleton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cara Cheevers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelsey Szymanowski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ev Schlatter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Molly Berger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keisha Allen Horner

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Benjamin Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Don Aptekar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kaia Gallagher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ruth Clevenger

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christi Ng

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sloane Irwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Polly Ehrenhaft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Hancock

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tyler Traficanti

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
9 October 2024
IRS schema version
2023v5.1
Source object
202433179349307648

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.