Corcoran Community Fund

Nonprofit profile at a glance

EIN
832989224
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Rogers, MN, USA
Phone
6128166787
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Services N.E.C.

Official website

Reported finances

Revenue
$452,125
Expenses
$444,354
Assets
$41,127
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • CHAD ROBRAN (President)

People named in this filing

  • KIRSTEN THOMPSON (Chairman)
  • CHAD ROBRAN (President)
  • JUDY STREHLER (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the community & people of Corcoran, MN, including community events, Corcoran emergency services, & disaster & emergency relief.

What it reported doing in 2024

In 2024, Corcoran Country Daze, a kid-friendly, two-day outdoor festival that brings members of the community together for great food, music & activities including an antique car & tractor show, a free kids' day, fireworks & fun. The event is run solely by volunteers from the community & is led by the Chair of the Corcoran Community Fund. The event was started as a way to create civic pride & bring Corcoran together, as the city covers 53 square miles but only has a population of approximately 9,000. The free kids' day is the cornerstone of our weekend with about 3,000 people visiting us on Saturday to spend the day with their kids. We offer educational activities for kids, as well as other activities, to let all kids play without concerns about costs. Examples of this include: a music school which brings instruments for kids to play & discover music; a karate school that does demonstrations & teaches kids basic moves; kid's bingo, which uses shapes & colors instead of numbers so all ages can play & practice their identification skills; & local handymen/construction trade members join us to help kids build birdhouses or feeders. This year our Touch A Truck area during kids' day event featured farm equipment including a combine as a way to keep in touch with our roots as well as introduce the equipment to new residents & their kids. One of our favorite parts of kids' day is our school backpack giveaway. We packed the backpacks with school supplies including: markers, pencils, colored pencils, erasers, glue & glue sticks, a pencil box, folders & a notebook. We gave away 900 bags at no cost to any child that needed one. Our goal is to help all children in our community start the school year off not worrying about having the necessary supplies for their success in the classrooms. There were 12 local businesses & organizations that had booths, providing information about their business this year during kids' day as well as 10 local artisans that were selling their crafts & cottage foods. Additionally, our concerts, which help allow us to put on our kids' day event at no cost, saw over 4,000 people in attendance during the two days of music.We also started a partnership with our local police department as they are bringing a new canine officer to the force. Once they are settled into their new roles, we will be offering to help them provide their services safely.

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 78
  • Accountability: 88
  • Sustainability: 40
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.8%; rating input score 97
  • Program expense ratio: 98.5%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 58.2%; rating input score 58; 44th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.7%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 16.2% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 18.6% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: -15.4% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 96.8% of revenue deployed · 98.5% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $438K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Grant itemization coverage scored 58/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.