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

THE COSLEY FOUNDATION ENGAGES IN FUNDRAISING ACTIVITIES TO BENEFIT THE COSLEY ZOO, AN AZA-ACCREDITED SMALL ZOO WHOLLY OWNED AND OPERATED BY THE WHEATON PARK DISTRICT IN WHEATON, IL. THE FOUNDATION RAISES FUNDS VIA DONOR DEVELOPMENT OF INDIVIDUALS AND FOUNDATIONS, AND ALSO HOLDS COMMUNITY-CENTRIC EVENTS SUCH AS CHRISTMAS TREE SALES,A 5K/10K RUN FOR THE ANIMALS, THE MIKE WILLIAMS COSLEY CLASSIC GOLF TOURNAMENT, AND FALL PUMPKIN SALES. THE COSLEY FOUNDATION BOARD IS COMPRISED OF VOLUNTEER BOARD MEMBERS WHO SERVE AS ADVOCATES FOR THE COSLEY ZOO WITHIN THE DUPAGE COUNTY COMMUNITY (CHICAGO SUBURBS); BOARD MEMBERS ALSO PROVIDE FISCALLY SOUND STRATEGIC COUNSEL PERTAINING TO THE ZOO'S CAPITAL DEVELOPMENT AND OTHER POLICIES AND PROGRAMS. THE COSLEY FOUNDATION WHOLLY SUPPORTS THE COSLEY ZOO'S MISSION: TO CREATE CONNECTIONS BETWEEN PEOPLE AND ANIMALS THAT WILL INSPIRE LIFELONG CONSERVATION OF THE NATURAL WORLD. THE ZOO PURSUES ITS MISSION VIA WORLD-CLASS ANIMAL WELFARE, SCIENCE-BASED CONSERVATION INITIATIVES, AND EDUCATIONAL PROGRAMMING THAT HAS AN IMPACT ON THOUSANDS OF PEOPLE EACH YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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
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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