Old School Lives Incorporated

Nonprofit profile at a glance

EIN
454957549
IRS 990 coverage
2015–2025
Forms available
Form 990 2025
Location
Cotton, MN, USA
Phone
2184823005
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$324,418
Expenses
$316,728
Assets
$101,034
Liabilities
$40,995

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JOHN WOOD (President)
  • GARY GAGNON (Vice President)

Highest reported compensation

  • KATE CRISPO (Executive Dir.): $32,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Faith-based family & community services center

What it reported doing in 2025

Heart to Heart Program - Ministry programming providing a wide variety of family and individual services and supplies. Included in this program: *Our monthly fee community meal, which consistently serves a fresh, volunteer-prepared meal to 100 plus people each month*New Directions Low-income residential housing. We were also able to provide short-term emergency housing for families and individuals in crisis situations. Residents have gained increased financial responsibility and stability, independent living skills and experience, recovery from addiction issues (We do not offer addiction programing, only a safe, clean rental environment from which residents may seek recovery through other available programs and support). We housed formerly homeless individuals and couples, and those who would otherwise be unable to live independently. *Life Center: A room of resources for parenting, education, marriage, crisis situations, relationship skills, and general life skills. We provided computer and internet access for families to use as well as printed resources available for the families to take. We also provide baby baskets for moms on the arrival of their newborns.*Special Community events to build relationships among and between generations, encourage and support local artists and businesses and provide family friendly, positive recreational opportunities for our area. *Thrift Store: Volunteer-based recource for the community to donate used and new items for sale by Old School Lives. Proceeds go to funding programming. Items are priced low, as to provide affordable goods to low income families, such as children and adult clothing and household items. Also, when families are displaced from their home (ex. house fire), we are able to provide items at no cost to meet the needs we can.

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 92
  • Accountability: 29
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.8%; rating input score 92
  • Program expense ratio: 73.2%; rating input score 73
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 19th percentile among comparable filings
  • Governance controls: 0 of 8 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.4%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 10.1%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 91.8% of revenue deployed · 73.2% of spending went to programs
  • Governance: 2 of 4 board members independent · 0 of 8 filing controls reported
  • Programs: 6 filed program accomplishments · $232K in reported program spending
  • Leadership: top reported pay $32K · 5 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Accountability: Governance controls: 7 of 7 not reported.
  • Review — Accountability: Independent voting board scored 50/100.
  • Moderate — Sustainability: Operating margin scored 41/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.