Overview
What is Cobalt Foundation?
Cobalt Foundation is a nonprofit organization situated in Denver, Colorado. Their primary focus is providing financial aid to individuals seeking abortion care through a program called Cobalt Abortion Fund. The foundation works towards establishing policies, structures, and attitudes that ensure reproductive autonomy and unhindered access to abortion services. With a team of 28 dedicated individuals, they strive to uphold these values and support those in need.
Official website here: www.cobaltadvocates.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
The Cobalt Foundation has achieved a strong 87% score on Charity Navigator, reflecting its solid performance in accountability and financial management. The organization demonstrates a fully independent board and adheres to high standards with policies in place for conflicts of interest, whistleblower protection, and document retention. These factors contribute positively to its credibility and transparency.
In terms of financial health, the foundation shows a favorable liabilities to assets ratio and program expense ratio, indicating effective allocation of resources. However, the fundraising efficiency ratio is notably low, suggesting that the cost of fundraising may be high relative to the income generated. This could raise concerns about the sustainability of its funding model.
Overall, Cobalt Foundation exhibits many strengths in governance and financial accountability, but there are clear areas for improvement in its fundraising strategies. Stakeholders may want to consider these factors when evaluating the organization’s long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cobalt Foundation legitimate?
Cobalt Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cobalt Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $975,412
For more financial information, click here
Official website here: www.cobaltadvocates.org
What is the mission statement of Cobalt Foundation?
The Cobalt Foundation's mission is centered around influencing policies, structures, and attitudes to ensure unwavering reproductive autonomy and accessible abortion services. They strive to actualize this mission by implementing changes that safeguard these fundamental rights for individuals seeking abortion care. One of their key programs is the Cobalt Abortion Fund, which provides financial assistance to individuals in need of abortion services.
Official website here: www.cobaltadvocates.org
Who is the CEO of Cobalt Foundation?
Karen Middleton is the President of Cobalt Foundation.
Official website here: www.cobaltadvocates.org
What is the revenue of Cobalt Foundation?
Cobalt Foundation's revenue in 2022 was $3,685,421.
Official website here: www.cobaltadvocates.org
Who are the executives of Cobalt Foundation and what are their salaries?
The average compensation at Cobalt Foundation during 2022 was $34,836. There are 28 employees and 100 volunteers at Cobalt Foundation.
Here are 14 key members and their salaries:
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Official website here: www.cobaltadvocates.org
Where can I find the form 990 for Cobalt Foundation?
Cobalt Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cobaltadvocates.org
Learn more at the official website: www.cobaltadvocates.org
Mission Statement of Cobalt Foundation
Cobalt Foundation, a nonprofit organization, is dedicated to shaping policies, infrastructure, and mindsets that ensure unwavering reproductive autonomy and accessible abortion services. The organization's primary mission is to secure an unassailable right to abortion for individuals who seek it. By actively engaging in policy-making and attitude adjustment, Cobalt Foundation aims to create an environment where abortion is not only legally recognized but also practically accessible for all who need it.
In line with its mission, Cobalt Foundation has established a program called the Cobalt Abortion Fund. This program provides financial assistance to individuals who require support in obtaining abortion care. By alleviating financial barriers, the fund ensures that economic circumstances do not hinder an individual's right to make personal reproductive choices. Through its various initiatives, Cobalt Foundation works tirelessly to uphold and expand the reproductive rights of all individuals.
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Impact
July, 2024
Cobalt Foundation's impact lies in actualizing policies, structures, and attitudes that secure unassailable reproductive autonomy and abortion access. Through their Cobalt Abortion Fund program in Denver, Colorado, they provide critical financial assistance to individuals seeking abortion care. By doing so, Cobalt Foundation is actively working towards ensuring that reproductive rights are upheld and accessible to all, making a significant impact in the realm of civil rights.
This information is meant to be a general summary of Cobalt Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $348
- Program Service Revenue: $1,294,639
- Gross Receipts: $3,685,421
Assets and Liabilities:
- Total Assets: $19,440,839
- Total Liabilities: -$32,751
- Net Assets: $19,473,590
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAMMING
Revenue
$1,294,639
Organization Details
Founding Year
1967
Principal Officer
Karen Middleton
Main Address
PO BOX 22485, Denver, CO, 80222
Website
www.cobaltadvocates.orgNTEE Category
Code: R61Z - Civil rights
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