COSLEY FOUNDATION INC

EIN: 363461739 501(c)(3) Arts, Culture & Humanities

WHEATON, IL

Total Revenue
$1,118,766
Total Expenses
$1,800,702
Total Assets
$3,633,277
Net Assets
$2,320,145
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IL
Principal Officer
MICHAEL BENARD
Phone
6306654710
Tax Period
2024-01-01 to 2024-12-31

COSLEY FOUNDATION INC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 61% operating deficit.

Mission

MISSION: TO CREATE CONNECTIONS BETWEEN PEOPLE AND ANIMALS THAT WILL INSPIRE LIFELONG CONSERVATION OF THE NATURAL WORLD.VISION: A WORLD IN WHICH EVERYONE HAS A MEANINGFUL CONNECTION TO ANIMALS AND NATURE.

Program Service Accomplishments

Program 1
Expenses: $1,338,455

THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO HELP FUND THE OPERATION OF THE COSLEY ZOO BY THE WHEATON PARK DISTRICT. THE ZOO'S OPERATIONS INCLUDE FREE ADMISSION TO ALL CHILDREN UNDER THE AGE OF 18...

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THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO HELP FUND THE OPERATION OF THE COSLEY ZOO BY THE WHEATON PARK DISTRICT. THE ZOO'S OPERATIONS INCLUDE FREE ADMISSION TO ALL CHILDREN UNDER THE AGE OF 18 Y/O, REGARDLESS OF RESIDENCE WITHIN THE WHEATON PARK DISTRICT BOUNDS AND FREE ADMISSION TO ALL WHEATON PARK DISTRICT ADULTS. ADMISSION TO THE ZOO ALLOWS ACCESS TO MORE THAN 20 ANIMAL EXHIBITS, INCLUDING A DUCK POND AND CHICKEN COOP WHERE VISITORS CAN PARTICIPATE IN ANIMAL FEEDINGS FOR A SMALL ADDITIONAL FEE. WITHIN THE GROUNDS OF THE ZOO THERE IS ALSO A UNIQUE GIFT SHOP AND SMALL CONCESSIONS STAND. SINCE 2000, THE COSLEY ZOO HAS MAINTAINED ACCREDITATION BY THE ASSOCIATION OF ZOOS & AQUARIUMS (AZA), AND AS SUCH ADHERES TO THE WORLD'S STRICTEST STANDARDS OF ANIMAL WELFARE AND CONSERVATION ADVOCACY WITHIN EVERY ASPECT OF ITS OPERATING PLAN. THE ZOO IS ALSO BELOVED BY THE COMMUNITY FOR ITS STRONG AND INCLUSIVE EDUCATIONAL PROGRAMS, WITH EDUCATION BEING A PRIMARY OPERATIONAL FOCUS.

Program 2
Expenses: $5,000

THE FOUNDATION, IN ACCORDANCE WITH A DONOR'S WISHES, IS PROVIDING ONE SCHOLARSHIP IN MEMORY OF THE FORMER PRESIDENT OF THE FOUNDATION.

Program 3
Expenses: $136,320

THE FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE ADVANCEMENT OF THE ZOO. THE FOUNDATION INVESTS IN DONOR RELATIONSHIP BUILDING AND THE ENGAGEMENT OF SUBJECT MATTER EXPERTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $795,913
Program Service Revenue $0
Investment Income $115,541
Other Revenue $207,312
TOTAL REVENUE $1,118,766

Expense Breakdown

Grants Paid $1,343,455
Salaries & Benefits $191,663
Fundraising Expenses $91,102
Program Expenses $1,500,434
Other Expenses $265,584
TOTAL EXPENSES $1,800,702

Year-over-Year Comparison

2024 2023 Change
Revenue $1,118,766 $927,721 +0.2%
Expenses $1,800,702 $527,163 +2.4%
Net Income $-681,936 $400,558 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
N/A
Volunteers
98

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$273,401
Total Directors
14
$273,401
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J BENARD SECRETARY 1.00
Officer Director
$0 $24,656 $273,401
JENNIFER CLARK PRESIDENT 1.00
Officer Director
$0 $0 $0
MATT SZAFRANSKI PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL BECKER TREASURER 1.00
Officer Director
$0 $0 $0
SUSAN VARCAK DIRECTOR 1.00
Director
$0 $0 $0
LARRY KMIECIK DIRECTOR 1.00
Director
$0 $0 $0
PHYLLIS GEYER DIRECTOR 1.00
Director
$0 $0 $0
RACHEL ITTNER DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY RABATIC DIRECTOR 1.00
Director
$0 $0 $0
JASMINA HOSCHEIT DIRECTOR 1.00
Director
$0 $0 $0
FRANK MOSCARDINI JR TREASURER 1.00
Director
$0 $0 $0
JULIE MURPHY DIRECTOR 1.00
Director
$0 $0 $0
MIKE GUSTAFSON DIRECTOR 1.00
Director
$0 $0 $0
SARAH TRAISMAN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,118,766 $1,800,702 $3,633,277 $-681,936
2023 $927,721 $527,163 $3,128,474 $400,558
2022 $1,262,721 $436,288 $2,624,611 $826,433
2021 $799,826 $388,950 $1,841,795 $410,876
2020 $622,483 $325,306 $1,410,017 $297,177
2019 $628,439 $413,344 $1,126,528 $215,095
2018 $502,262 $398,330 $963,915 $103,932
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